The global Semi-Trailer market is expected to register a CAGR of ~5.80% from 2022 to 2030 and hold a value of over USD 27.71 Billion by 2022 to USD 41.13 billion by 2030.
Semi-trailers are long trailers without front axles that are towed by trucks or tractors. They are commonly used in the transportation industry to transport goods over long distances. The semi-trailer market refers to the demand and supply of these trailers across different regions and industries.
COVID-19 Impact on Semi-Trailer Market: The COVID-19 pandemic had a mixed impact on the semi-trailer market. The initial phase of the pandemic resulted in a decline in demand for semi-trailers due to the disruption in supply chains and reduced economic activities. However, as the pandemic progressed and the demand for e-commerce and online shopping increased, the demand for semi-trailers rebounded. The transportation of essential goods, medical supplies, and personal protective equipment (PPE) also contributed to the demand for semi-trailers during the pandemic.
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Regional Analysis
The semi-trailer market is analyzed based on different regions, including North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America and Europe are major markets for semi-trailers due to the high demand for transportation and logistics services in these regions. Asia-Pacific is also a significant market, owing to the growing economies and increasing industrialization in countries such as China and India. The RoW region includes the Middle East, Africa, and South America, where the demand for semi-trailers is driven by the growth in the construction and mining industries.
Market Segmentation
The Global Semi-Trailer market has been segmented into type, length, tonnage and axels
Based on Type: The Semi-Trailer Market can be divided into segments based on type, such as tankers, flatbeds, dry vans, lowboys, and refrigerators.
Based on Length: Both lengths above and below 45 feet are included in the segmentation of the semi-trailer market depending on length.
Based on Tonnage: The data for the semi-trailer market has been divided into three groups based on tonnage: 25 t to 50 t, 51 t to 100 t, and Over 100 t. 25 to 50 tonnes
Based on Axels: The global semi-trailer market has been divided into three categories based on the number of axles: below three, three to four, and four. Axles: 3 to 4
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Key players
Some of the key factors include are Company Wabash National (US), Cargobull Schmitz (Germany), Trailer company Kögel GmbH & Co.KG (Germany), Excellent Dane Trailers (US), United States Trailer & Storage (U.S.), PACCRA Corp. (U.S.), The company is called China International Maritime Containers (Group) Co. (China), Firm that manufactures utility trailers (the U.S.)
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