Semi-Trailer Market Analysis From 2018 To 2023: North America, Europe, and Asia Pacific Industry Size, Share Trends, And Growth Forecast

Semi-Trailer Market Research Report 2018 of 100 pages expands comprehensive information on Semi-Trailer Market by Type (Flatbed, Lowboy, Dry van, Refrigerated, Tankers, Others), By Tonnage (Below 25 t, 25 t – 50 t, 51 t – 100 t and Above 100 t), By Axle count (4 axles) and By Region with Forecast To 2023.

Semi-Trailer Market Overview:

Report studies Semi-Trailer Market key players, providing a six-year annual trend analysis that highlights market size, volume, sales, growth, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).

The semi-trailer market is diverse and there are a wide variety of sizes and configurations that are employed to meet the wide range of freight demands. The semi-trailer market is expected to grow significantly over the forecast period. This is due to the growth in GDP per-capita, the aging demography, and the growth in the international inbound and outbound tourism in various countries, all over the globe. The semi-trailer market will grow over the forecast period with the rise of adventure tourism, and the evolution of eco-tourism. Moreover many governments around the world have initiated the promotion of fuel-saving technologies within their heavy-duty vehicle fleets such as semi-trailers. This is done with the objective of responding to the growing fuel consumption and GHG emissions from commercial vehicles.

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Semi-Trailer Key Companies Analyzed In Report are Wabash National Corporation (US), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co.KG (Germany), Great Dane Trailers (US), American Trailer & Storage (U.S.), PACCAR Inc. (U.S.), China International Marine Containers (Group) Co. Ltd. (China), Utility Trailer Manufacturing Company (U.S.), Schmitz Cargobull AG (Germany), and Great Dane Limited Partnership (U.S).

The market is expected to have growth opportunities in the forecast period with the rapid adoption of modern technologies such as semi-trailer platooning and electric semi-trailer truck. The market is also expected to grow with the adoption of electronic braking systems, as an opportunity. However, the growth of this market is expected to be restrained by the existence of local players in unorganized sector, and transportation of goods through sea and air. The growth of this market could also be challenged by lightweight semi-trailers and lowering the total cost of ownership (TCO). A tractor with a semi-trailer has an articulation point (where it pivots), which makes backing up more complex, thereby restraining the growth of the market. Tractor semi-trailers account for the largest percentage of vehicle-kilometers traveled, leading to the growth in fuel consumption and emissions from heavy-duty vehicles. Thus, tractor semi-trailers are expected to represent majority of the diesel fuel use and greenhouse gas (GHG) emissions from the on-road heavy-duty sector, which will in turn demand for higher R&D for the development of efficient tractor semi-trailers.

Semi-Trailer Market Segmentation:

Based on the axle count, the market has been segmented as 4 axles. Amongst these, less than less than 3 axles segment is expected to dominate, in terms of growth rate. These trailers are extensively used and preferred over other semi-trailers in the regions of Europe and Asia Pacific. The legally permissible load which can be transported on a semi-trailer depends on the axle count of a semi-trailer. Thus, it can be concluded that government regulations on weight limits, is driving the less than 3 axles segment.

Semi-Trailer Market Regional Analysis:

Geographically, the global semi-trailer market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate the global semi-trailer market. This is due to factors such as improving road infrastructure, expanding supply chain industry, introduction of government regulations on weight carrying capacity and dimensions of a semi-trailer.

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The report for Global Semi-Trailer Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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