Semi-Trailer Market Projected to Witness a Double-Digit CAGR During 2017-2025

A semi-trailer is a trailer that cannot move by itself and is pulled by a tractor unit. A retractable semi-trailer is a semi-trailer whose chassis can be contracted as per requirement. Extendable chassis semi-trailer is a semi-trailer whose chassis can be extended as per requirement. Flatbed semi-trailers are fully plan and flat semi-trailers made of either aluminum or steel. Reefer semi-trailers are also known as refrigerated semi-trailers. In these vehicles foam is installed inside the semi-trailer which provides insulation from outside temperature. Dry freight semi-trailers are semi-trailers used for dry goods transportation.

By type the market is segmented into retractable semi-trailer, extendable chassis semi-trailer, flatbed semi-trailer, reefer semi-trailer, dry freight semi-trailers and others. By tonnage the market is segmented into above 100t, 51t-100t, 25t-50t and below 25t. By number of axles the market is segmented into less than 3 axles, 3-4 axles and above 4 axles.

By region the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America is a prominent semi-trailer market in the world. The U.S. is the largest market in North America followed by Canada. Wabash National Corporation is the largest semi-trailer manufacturer in North America. Europe is one of the major semi-trailer market in the world. Germany is the largest semi-trailer market in Europe. France, Italy, Spain, the U.K, Belgium, Sweden and Netherlands are other major markets in Europe. Asia Pacific is a dominant semi-trailer market in the world. China is the largest semi-trailer market in Asia Pacific region. Japan, India, South Korea and Australia are other major markets in Asia Pacific. Middle East and Africa is a significant semi-trailer market led by Saudi Arabia, Iran, Turkey and South Africa. Latin America is a major semi-trailer market in the world led by Brazil, Mexico and Argentina. Mexico is anticipated to be the fastest growing semi-trailer market in Latin America.

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Rising demand for road transportation in manufacturing, automotive, construction and energy sector is increasing the demand of semi-trailers due to the versatility and flexibility of these vehicles. An opportunity in semi-trailer market is to manufacture semi-trailers molded from structural composites, CPRF (Carbon Fiber Reinforced Polymer) and glass fiber this reducing the weight of semi-trailer thus increasing fuel efficiency and reducing vehicle emission. Wabash National Corporation of the U.S. have manufactured semi-trailers from structural composite PRISMA in collaboration with Structural Composites. Wabash National used CoCure coating technology for semi-trailers interior floor, roof surfaces, exterior and interior walls. By using structural composites instead of conventional aluminum and steel Wabash National improved the semi-trailers thermal performance, reduced weight of semi-trailer, more damage and puncture resistant and last but not the least the semi-trailer can carry more load than conventional trailers. The U.S. government has mandated the weight of tractors, trailers and payloads cannot exceed 80,000 pounds which is anticipated to increase the adoption of using structural composites to make semi-trailers.

A restraint for semi-trailer market is the sea and air transportation used by customers for goods transportation.

The report mentions the diverse competitive strategies implemented by key players operating in the market to gain market share. Company profiles mention company details, market presence by geography and segments, strategic overview, SWOT analysis and historical revenue. The report also contains details of market share analysis of key players in the market. The major firms operating in the market are China International Marine Containers (Group) Co. Ltd. (China), Wabash National Corporation (the U.S.), Utility Trailer Manufacturing Company (the U.S.), Schmitz Cargobull AG (Germany), Great Dane Limited Partnership (the U.S), Fahrzeugwerk Bernard Krone GmbH (Germany), Kögel Trailer GmbH & Co.Kg (Germany), Hyundai Translead (the U.S.), Lamberet SAS (France) and Sinotruk (Hong Kong) Limited (Hong Kong).

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