Press release
Analysis of Segments and Major Growth Areas in the Semi-Trailer Market
Semi-Trailer Market
Projected Expansion of the Semi-Trailer Market by 2030
The semi-trailer market is anticipated to experience robust expansion in the coming years, with its value expected to reach $43.55 billion by 2030. This growth corresponds to a compound annual growth rate of 6.0%. Factors contributing to this upward trajectory include increasing investments in smart trailer technologies, a widening cold chain logistics network, rising demand for environmentally friendly freight solutions, enhanced integration of trailer telematics, and a stronger emphasis on optimizing fleet efficiency. Key trends forecasted during this period involve growing popularity of refrigerated semi-trailers, adoption of lightweight materials for trailers, broader use of telematics-enabled units, a focus on fuel-efficient freight transportation, as well as advancements in safety and load monitoring systems.
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Leading Companies Shaping the Semi-Trailer Market
The semi-trailer industry is dominated by several prominent companies including 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, and Trail-Eze Inc.
Strategic Acquisition to Expand Market Presence
In August 2023, Fultra, a US-based provider of commercial vehicle solutions across North America, announced the acquisition of East Manufacturing Corporation, a trailer manufacturer also based in the US. Details of the acquisition amount were not disclosed. This strategic move aims to strengthen Fultra's footprint in the North American market and enhance its portfolio with specialized aluminum trailer products.
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Innovative Trends Reshaping the Semi-Trailer Industry
Leading firms in the semi-trailer sector are focusing on cutting-edge innovations like autonomous trailer systems, which enable trailers to operate independently by controlling electric drive and braking functions without relying on the truck's drivetrain. Such systems are designed to improve efficiency and safety through features like regenerative braking.
A notable example occurred in September 2024, when ZF Friedrichshafen AG, a German automotive supplier specializing in driveline and mobility technologies, introduced TrailTrax. This concept integrates a 210 kW AxTrax 2 electric axle, an electronic braking system, and control electronics into trailers. It effectively transforms standard trailers or truck-trailer combinations into hybrid or electrified units offering propulsion assistance and regenerative braking capabilities. TrailTrax is engineered for plug-and-play compatibility with a variety of tractors, fits standard trailer geometries, and mounts its battery system beneath the trailer floor to minimize redesign needs. The system also enhances driving stability and boosts range or traction support, particularly when used alongside electric trucks.
Comprehensive Segmentation of the Global Semi-Trailer Market
This report divides the semi-trailer market into several key segments:
1) By Type: Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, and Other Types
2) By Length: Units up to 45 Feet and Those Above 45 Feet
3) By End-Use Industry: Heavy Industry, FMCG, Chemical, Automotive, Oil and Gas, Healthcare, Logistics, and Other End-Users
Further subcategories include:
- Flatbed trailers: Standard Flatbed, Step Deck Flatbed, Double Drop Flatbed
- Lowboy trailers: Fixed Neck Lowboy, Removable Gooseneck (RGN) Lowboy
- Dry Van trailers: Standard Dry Van, High Cube Dry Van
- Refrigerated trailers: Single Temperature Refrigerated, Multi-Temperature Refrigerated
- Tankers: Liquid Tankers, Gas Tankers, Dry Bulk Tankers
- Other types: Car Haulers, Specialty Trailers, Container Chassis
These classifications provide a detailed understanding of the market landscape and help identify opportunities across different trailer specifications and end-use sectors.
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