Semi-Trailer Market is projected to expand at a steady CAGR over the forecast by 2031 | Great Dane LLC, Wabash National, Krone GmbH & Co., Utility Trailer Manufacturing

According to a new market research report published by Global Insight Services "Semi-Trailer Market is expected to reach US$ XX bn by 2031". Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A semi-trailer is a type of trailer that is attached to the back of a semi-truck. The semi-trailer is able to carry a large amount of weight because it is supported by the semi-truck. The semi-trailer is also able to be detached from the semi-truck, which is helpful when the trailer needs to be unloaded or when the truck needs to be used for other purposes.

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Key Trends

There are a few key trends in semi-trailer technology that are worth mentioning. Firstly, there has been a shift towards using lighter materials in the construction of semi-trailers. This is primarily due to the fact that lighter trailers are more fuel-efficient, and thus can save operators a significant amount of money in fuel costs over the course of a year. Secondly, there has been an increase in the use of aerodynamic designs in semi-trailers. This is again due to the fact that aerodynamic trailers are more fuel-efficient, and can help to reduce the overall carbon footprint of a fleet. Finally, there has been a trend towards using more advanced technologies in the construction of semi-trailers. This includes the use of sensors and other electronic systems to improve the overall efficiency of the trailer.

Key Drivers

There are several key drivers of the semi-trailer market. First, the increasing demand for goods and materials transport has led to a need for more semi-trailers. Second, the rising cost of fuel has made semi-trailers more attractive to businesses and consumers alike. Third, the increasing availability of financing options has made semi-trailers more affordable. Finally, the improving economy has led to increased demand for semi-trailers.

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Key Market Segments

By Vehicle Type:
• Lowboy
• Flatbed
• Refrigerated
• Others

By Tonnage:
• Below 50 Tons
• 50-100 Tons
• More than 100 Tons

By Foot Length:
• Less than 45 Feet
• Greater than 45 Feet

By End-Use Industry:
• Oil & Gas
• Logistics
• Chemical
• Automotive
• Others

Key Market Players:

• Great Dane LLC
• Wabash National Corporation
• Krone GmbH & Co. KG
• Utility Trailer Manufacturing Company
• China International Marine Containers (Group) Ltd.
• Schmitz Cargobull AG

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• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
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• Excel data pack included with all report purchases
• Robust and transparent research methodology

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This release was published on openPR.