Press release
Semi Trailer Global Market Size, Share, Growth, Trends, By Product, By Application, By Component, Regional Outlook And Forecast 2023-2032 | Wabash National Corporation, Schmitz Cargobull AG, Great Dane LLC, Krone GmbH & Co. KG, Kögel Trailer GmbH & Co.KG
Semi-Trailer Market Trends
Semi Trailer Market Size, Growth Rate, And Forecast
The global semi-trailer market size grew from $27.28 billion in 2022 to $29.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The semi-trailer market size is expected to grow to $41.74 billion in 2027 at a CAGR of 9.5%.
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Semi Trailer Market Drivers
The rise in urbanization is expected to propel the growth of the semi-trailer market going forward. Urbanization is the process by which cities develop and a rising proportion of the population moves there to live. Semi-trailers help in the transportation of goods and for carrying a large proportion of cargo, raw materials, and finished products, as a result, rising urbanization increases the demand for the semi-trailer market.
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Semi Trailer Market Segments
• By Type: Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Other Types
• By Length: Up To 45 Feet, Above 45 Feet
• By End-Use: Heavy Industry, FMCG, Chemical, Automotive, Oil And Gas, Healthcare, Logistics, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the semi trailer market.
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Semi Trailer Market Key Players
Major competitors in the semi trailer market include Wabash National Corporation, Schmitz Cargobull AG, Great Dane LLC, Krone GmbH & Co. KG, Kögel Trailer GmbH & Co.KG, Pitts Trailers, Utility Trailer Manufacturing Company, Hyundai Translead Inc.
The Business Research Company's "Global Semi Trailer Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Semi Trailer Market Include:
1. Executive Summary
2. Semi-Trailer Market Characteristics
3. Semi-Trailer Market Trends And Strategies
4. Semi-Trailer Market - Macro Economic Scenario
5. Semi-Trailer Market Size And Growth
…………………
26. Africa Semi-Trailer Market
27. Semi-Trailer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Semi-Trailer Market
29. Semi-Trailer Market Future Outlook and Potential Analysis
30. Appendix
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