The global Semi-Trailer market report provided by Global Market Monitor analyzes the industry and major market trends in detail and divides the market size by volume and value according to application types and geographic locations.
The global semi-trailer market is expected to reach USD 22.5 billion by 2025. The Asia Pacific is expected to witness rapid growth. The growth in the region is recognized by the increase in inland transportation and the increased feasibility of transportation costs. Moreover, the growing e-commerce industry in developing countries such as India and China is driving the demand for fuel-efficient vehicles for bulk transportation. Reduced transportation costs have led to increased price competition among key players in this segment. North America accounted for over 30.0% of the total market revenue share. The market in the region is growing at a healthy pace owing to various factors such as strong road infrastructure network and growing transportation and logistics sector. Moreover, it is further expected that the relaxation of government regulations regarding the carrying capacity and size of semi-trailers will lead to an increase in demand for light transport vehicles, thereby driving the market demand. Moreover, the California Air Resources Board (CARB) requires the installation of ‘SmartWay’, a proven aerodynamic technology designed to improve fuel efficiency of tractors and semi-trailers.
A semi-trailer is a trailer without a front axle. A large proportion of its weight is supported by a tractor unit, a detachable front axle assembly known as a dolly, or the tail of another trailer. A semi-trailer is normally equipped with landing gear (legs which can be lowered) to support it when it is uncoupled.
The market is expected to grow at a steady rate due to the growth of the logistics industry. Moreover, the increasing popularity of semi-trailers over full trailers can be attributed to the superior features offered in terms of safety and reliability. Growing natural gas production is expected to increase the demand for tankers in the coming years. The retail, energy, and industrial manufacturing sectors typically transport goods and machinery via heavy-duty vehicles. Growth in the aforementioned verticals and consequent increase in industrial output will pave the way for market growth over the forecast period. In addition, the breadth of the logistics sector and expanding product range is expected to positively impact the market demand for semi-trailers. Manufacturers are emphasizing the incorporation of ADAS into transport vehicles to enable fleet operators/logistics service providers to effectively track shipments. Thus, technological advancements such as ADAS integration and semi-trailer platooning will positively impact the end-user demand.
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The Semi-Trailer market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are:
On the basis of application, the Semi-Trailer market is segmented into:
Oil and gas
Dry Van Semi-Trailer
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Semi-Trailer Market
2 Market Trends and Competitive Landscape
3 Segmentation of Semi-Trailer Market by Types
4 Segmentation of Semi-Trailer Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Semi-Trailer Market in Major Countries
7 North America Semi-Trailer Landscape Analysis
8 Europe Semi-Trailer Landscape Analysis
9 Asia Pacific Semi-Trailer Landscape Analysis
10 Latin America, Middle East & Africa Semi-Trailer Landscape Analysis
11 Major Players Profile
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Global Semi-Trailer market: regional segments
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Columbia)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
• Semi-Trailer manufacturers
• Semi-Trailer traders, distributors, and suppliers
• Semi-Trailer industry associations
• Product managers, Semi-Trailer industry administrator, C-level executives of the industries
• Market Research and consulting firms
Key questions answered in the report
What will the market size and growth rate be in 2027?
What segment or region will drive or lead market growth and what are the reasons?
How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
What key strategies are used by top vendors to increase revenue?
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