Press release
Semi-Trailer Market Overview 2024: Advancing Freight Transportation
Semi-Trailer Market Trends
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7312&type=smp
According to The Business Research Company's, The semi-trailer market size has grown strongly in recent years. It will grow from $29.4 billion in 2023 to $31.73 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to freight transportation demand, infrastructure development, economic growth, e-commerce boom, global trade expansion.
The semi-trailer market size is expected to see strong growth in the next few years. It will grow to $42.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to sustainable transportation, digitalization in logistics, last-mile delivery solutions, infrastructure investments, autonomous freight transportation. Major trends in the forecast period include advanced technologies, electric and hybrid semi-trailers, connectivity and iot integration, automation and autonomous features, advanced safety features.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/semi-trailer-global-market-report
Market Drivers and Trends:
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. For instance, according to the World Bank, globally, over 50% of the population lives in urban areas today. By 2045, the world's urban population will increase by 1.5 times to 6 billion . Therefore, rising urbanization is driving the semi-trailers market.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Wabash National Corporation, Schmitz Cargobull AG, Great Dane LLC, Krone GmbH & Co KG, Kogel Trailer GmbH & Co. KG, Utility Trailer Manufacturing Company, Hyundai Motor Company, Stoughton Trailers LLC, Vanguard National Trailer Corporation, MAC Trailer Manufacturing, Manac Inc., East Manufacturing Corporation, Fontaine Trailer Company, Wilson Trailer Company, Doonan Specialized Trailer LLC, Pitts Enterprises Inc., Strick Trailers LLC, Reitnouer Inc., Heil Trailer International LLC, Transcraft Corporation, Trail King Industries Inc., Travis Body & Trailer Inc., Talbert Manufacturing Inc., Timpte Inc., XL Specialized Trailers LLC, Dorsey Trailer LLC, Witzco Challenger Trailers Inc., Lode King Industries Ltd., Muv-All Trailer Company, Trail-Eze Inc.
Semi-Trailer Market 2024 Key Insights:
• The semi-trailer market size is expected to see strong growth in the next few years. It will grow to $42.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• The Impact Of Urbanization On The Semi-Trailer Market
• Advancements In Trailer Technology Drive Growth In The Semi-Trailer Market
• North America was the largest region in the semi-trailer market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7312&type=smp
"
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Semi-Trailer Market Overview 2024: Advancing Freight Transportation here
News-ID: 3760461 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Trail
Hunting and Trail Cameras Market
Hunting and Trail Cameras Market Overview
This report mainly focuses on hunting and trail cameras market. A trail camera is a popular gadget for anyone who enjoys hunting, wildlife, nature and generally spending time outdoors. These cameras allow hunters and nature enthusiasts to capture images and track wildlife in the outdoors with minimal disruption to their natural activities.
This report provides a deep insight into the global Hunting and Trail Cameras market…
Is removing the QuickBooks Audit trail warranted?
Kingston April 12, 2023: The QuickBooks Audit trail feature takes the form of a report. It is referred to as the Activity Log for QuickBooks Online program users. It shows each transaction that has been made, along with any modifications, deletions or additions that affect transactions.
The report demonstrates any changes that have been made to the transaction type, date, amount, price, quantity, account, vendor name and…
Eliminating the QuickBooks Audit trail
Kingston, March 2, 2023: An audit trail is a sequence of recorded computer events that involves any activity around the operating system, applications or user actions. One computer can have several audit trails that each serve a different purpose.
Audit trails (or audit logs) act as record-keepers that document evidence of certain events, procedures or operations, so their purpose is to reduce fraud, material errors, and unauthorized use. The feature…
Chattanooga Blogger hosts Christmas Selife Trail
Local Chattanooga blogger describes herself as the "Scenic City Hype Girl". She has made it her full-time job not only to hype up the city of Chattanooga from a tourism perspective but to use her unique skillset to create a community with small business owners and locals in the city.
For her first hosted event she created a Christmas Selfie Trail with a different selfie scene set up at Barley Chattanooga…
The Diabetic Food Trail
Enjoy food!! Serving people with diabetes. Hotel Marine Plaza brings to you a special menu for “The Diabetic Food Trail® at The Bayview ongoing till 30th November 2016.
Keeping in mind all the nutritional value that has been determined by an independent registered dietician. Our Executive Chef, Kshitiz Shekhar has designed a special a la carte menu for this Food Trail.
The menu includes soups like Minestrone A la Genovese & Chicken…
On the trail of trends
ZOW trend scout Lidewij Edelkoort presents her projections for the future to suppliers
[Frankfurt am Main, November 19, 2014] Around thirty decision-makers from the supply industry were provided with an exclusive insight into the future of the furniture sector on 12th November: As part of the trend forecast seminar in Frankfurt am Main, trend scout Lidewij Edelkoort presented some initial findings of her trend research to suppliers and designers, which…
