Semi-Trailer Market Report (2024-2030) - Size and Share Analysis, Industry Trends, and Growth Forecasts

Description

Key Highlights

The semi-trailer market was valued at USD 22.4 billion in 2023, and it will rise to USD 38.2 billion, growing at more than 7.7% CAGR, by 2030.

The need for these trucks globally is boosted by the development of different industries like logistics, retail, construction, food & beverages, and automotive; and the rising urbanization, manufacturing activities, and expanding of rural roads.

Due to the shifting lifestyles as well as urbanization, individuals are more expected to demand products and goods delivery, instead of physical in-store shopping.

Fast-moving consumer goods (FMCG) businesses need to deliver an enormous volume of goods daily, as a result, they are adding semi-trailers to their fleets.

Perishable goods like dairy products, meat, baked goods, and fruits & vegetables, have a short shelf life as well as witness a high customer demand.

The transportation sector, in the last few years, has observed a move from fossil-fuel-driven automobiles to hybrid and electric ones.

Because of the continuing decarbonization efforts and study in the automotive industry, electric semi-trailer development is gaining progress.

The surging need for improved trailer technologies among fleet owners is because of the increasing fuel costs and stringent environmental rules.

New-generation class is decreasing operating expenses, improving fleet security, and increasing asset connectivity and mobile resource efficiency.

Key Insights

APAC accounted for the largest share of the industry, and it will further propel at the fastest compound annual growth rate during this decade.

This can be ascribed to the increasing building activities, the steadily growing demand from the logistics sector, and the rising expenditure on inland transport and infrastructure.

The flatbed trailers is observing the highest CAGR. Flatbed trailers can carry an extensive range of loads, including building supplies and heavy equipment.

The above 40 feet category accounted for the largest share of the industry in 2023, and this category will further grow at the fastest CAGR, of 10%, during this decade.

The rising requirement for semi-trailers for retail transport and the increasing count of product introductions are the major drivers for the above 40 feet category.

The increasing manufacturing output, new government regulations, and the appearance of new startups in this field are also helping the category expansion.

The 25-50 tons category led the industry in 2023, and the category will further grow at the highest rate during this decade. The increasing trade activities across the globe are driving this category's growth.

Although their tonnage is not as great, refrigerated trailers are important in the temperature-sensitive pharmaceutical and food sectors, where weight-to-volume ratios are vital.

The FMCG category accounted for the leading share of the industry. This can be mainly ascribed to the surging need for fruits, vegetables, and dairy, which have short shelf lives.

The FMCG sector is profiting from the utilization of trailers because of the increasing disposable salary, improved brand awareness, and helpful policies.

The launch of new goods by major industry players has assisted them in improving their position.

Contractual agreements, mergers & acquisitions, collaboration with other manufacturers, and investments increase the competition in this industry.

Product Code: 12923

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by tonnage
- 1.4.3. Market size breakdown, by length
- 1.4.4. Market size breakdown, by end-use industry
- 1.4.5. Market size breakdown, by number of axles
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Market Indicators

Chapter 6. Industry Outlook

6.1. Market Dynamics
- 6.1.1. Trends
- 6.1.2. Drivers
- 6.1.3. Restraints/challenges
- 6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis
- 6.3.1. Bargaining power of buyers
- 6.3.2. Bargaining power of suppliers
- 6.3.3. Threat of new entrants
- 6.3.4. Intensity of rivalry
- 6.3.5. Threat of substitutes
6.4. Value Chain Analysis
6.5. Technology Analysis
6.6. Regulatory Framework

Chapter 7. Competitive Landscape

7.1. List of Market Players and their Offerings
7.2. Competitive Benchmarking of Key Players
7.3. Product Benchmarking of Key Players
7.4. Recent Strategic Developments
7.5. Investment by Players

Chapter 8. Global Market

8.1. Overview
8.2. Market Revenue, by Type (2017-2030)
8.3. Market Revenue, by Tonnage (2017-2030)
8.4. Market Revenue, by End-Use Industry (2017-2030)
8.5. Market Revenue, by Number of Axles (2017-2030)
8.6. Market Revenue, by Length (2017-2030)
8.7. Market Revenue, by Region (2017-2030)

Chapter 9. North America Market

9.1. Overview
9.2. Market Revenue, by Type (2017-2030)
9.3. Market Revenue, by Tonnage (2017-2030)
9.4. Market Revenue, by End-Use Industry (2017-2030)
9.5. Market Revenue, by Number of Axles (2017-2030)
9.6. Market Revenue, by Length (2017-2030)
9.7. Market Revenue, by Country (2017-2030)

Chapter 10. Europe Market

10.1. Overview
10.2. Market Revenue, by Type (2017-2030)
10.3. Market Revenue, by Tonnage (2017-2030)
10.4. Market Revenue, by End-Use Industry (2017-2030)
10.5. Market Revenue, by Number of Axles (2017-2030)
10.6. Market Revenue, by Length (2017-2030)
10.7. Market Revenue, by Country (2017-2030)

Chapter 11. APAC Market

11.1. Overview
11.2. Market Revenue, by Type (2017-2030)
11.3. Market Revenue, by Tonnage (2017-2030)
11.4. Market Revenue, by End-Use Industry (2017-2030)
11.5. Market Revenue, by Number of Axles (2017-2030)
11.6. Market Revenue, by Length (2017-2030)
11.7. Market Revenue, by Country (2017-2030)

Chapter 12. LATAM Market

12.1. Overview
12.2. Market Revenue, by Type (2017-2030)
12.3. Market Revenue, by Tonnage (2017-2030)
12.4. Market Revenue, by End-Use Industry (2017-2030)
12.5. Market Revenue, by Number of Axles (2017-2030)
12.6. Market Revenue, by Length (2017-2030)
12.7. Market Revenue, by Country (2017-2030)

Chapter 13. MEA Market

13.1. Overview
13.2. Market Revenue, by Type (2017-2030)
13.3. Market Revenue, by Tonnage (2017-2030)
13.4. Market Revenue, by End-Use Industry (2017-2030)
13.5. Market Revenue, by Number of Axles (2017-2030)
13.6. Market Revenue, by Length (2017-2030)
13.7. Market Revenue, by Country (2017-2030)

Chapter 14. U.S. Market

14.1. Overview
14.2. Market Revenue, by Type (2017-2030)
14.3. Market Revenue, by Tonnage (2017-2030)
14.4. Market Revenue, by End-Use Industry (2017-2030)
14.5. Market Revenue, by Number of Axles (2017-2030)
14.6. Market Revenue, by Length (2017-2030)

Chapter 15. Canada Market

15.1. Overview
15.2. Market Revenue, by Type (2017-2030)
15.3. Market Revenue, by Tonnage (2017-2030)
15.4. Market Revenue, by End-Use Industry (2017-2030)
15.5. Market Revenue, by Number of Axles (2017-2030)
15.6. Market Revenue, by Length (2017-2030)

Chapter 16. Germany Market

16.1. Overview
16.2. Market Revenue, by Type (2017-2030)
16.3. Market Revenue, by Tonnage (2017-2030)
16.4. Market Revenue, by End-Use Industry (2017-2030)
16.5. Market Revenue, by Number of Axles (2017-2030)
16.6. Market Revenue, by Length (2017-2030)

Chapter 17. France Market

17.1. Overview
17.2. Market Revenue, by Type (2017-2030)
17.3. Market Revenue, by Tonnage (2017-2030)
17.4. Market Revenue, by End-Use Industry (2017-2030)
17.5. Market Revenue, by Number of Axles (2017-2030)
17.6. Market Revenue, by Length (2017-2030)

Chapter 18. U.K. Market

18.1. Overview
18.2. Market Revenue, by Type (2017-2030)
18.3. Market Revenue, by Tonnage (2017-2030)
18.4. Market Revenue, by End-Use Industry (2017-2030)
18.5. Market Revenue, by Number of Axles (2017-2030)
18.6. Market Revenue, by Length (2017-2030)

Chapter 19. Italy Market

19.1. Overview
19.2. Market Revenue, by Type (2017-2030)
19.3. Market Revenue, by Tonnage (2017-2030)
19.4. Market Revenue, by End-Use Industry (2017-2030)
19.5. Market Revenue, by Number of Axles (2017-2030)
19.6. Market Revenue, by Length (2017-2030)

Chapter 20. Spain Market

20.1. Overview
20.2. Market Revenue, by Type (2017-2030)
20.3. Market Revenue, by Tonnage (2017-2030)
20.4. Market Revenue, by End-Use Industry (2017-2030)
20.5. Market Revenue, by Number of Axles (2017-2030)
20.6. Market Revenue, by Length (2017-2030)

Chapter 21. China Market

21.1. Overview
21.2. Market Revenue, by Type (2017-2030)
21.3. Market Revenue, by Tonnage (2017-2030)
21.4. Market Revenue, by End-Use Industry (2017-2030)
21.5. Market Revenue, by Number of Axles (2017-2030)
21.6. Market Revenue, by Length (2017-2030)

Chapter 22. Japan Market

22.1. Overview
22.2. Market Revenue, by Type (2017-2030)
22.3. Market Revenue, by Tonnage (2017-2030)
22.4. Market Revenue, by End-Use Industry (2017-2030)
22.5. Market Revenue, by Number of Axles (2017-2030)
22.6. Market Revenue, by Length (2017-2030)

Chapter 23. India Market

23.1. Overview
23.2. Market Revenue, by Type (2017-2030)
23.3. Market Revenue, by Tonnage (2017-2030)
23.4. Market Revenue, by End-Use Industry (2017-2030)
23.5. Market Revenue, by Number of Axles (2017-2030)
23.6. Market Revenue, by Length (2017-2030)

Chapter 24. South Korea Market

24.1. Overview
24.2. Market Revenue, by Type (2017-2030)
24.3. Market Revenue, by Tonnage (2017-2030)
24.4. Market Revenue, by End-Use Industry (2017-2030)
24.5. Market Revenue, by Number of Axles (2017-2030)
24.6. Market Revenue, by Length (2017-2030)

Chapter 25. Australia Market

25.1. Overview
25.2. Market Revenue, by Type (2017-2030)
25.3. Market Revenue, by Tonnage (2017-2030)
25.4. Market Revenue, by End-Use Industry (2017-2030)
25.5. Market Revenue, by Number of Axles (2017-2030)
25.6. Market Revenue, by Length (2017-2030)

Chapter 26. Brazil Market

26.1. Overview
26.2. Market Revenue, by Type (2017-2030)
26.3. Market Revenue, by Tonnage (2017-2030)
26.4. Market Revenue, by End-Use Industry (2017-2030)
26.5. Market Revenue, by Number of Axles (2017-2030)
26.6. Market Revenue, by Length (2017-2030)

Chapter 27. Mexico Market

27.1. Overview
27.2. Market Revenue, by Type (2017-2030)
27.3. Market Revenue, by Tonnage (2017-2030)
27.4. Market Revenue, by End-Use Industry (2017-2030)
27.5. Market Revenue, by Number of Axles (2017-2030)
27.6. Market Revenue, by Length (2017-2030)

Chapter 28. Saudi Arabia Market

28.1. Overview
28.2. Market Revenue, by Type (2017-2030)
28.3. Market Revenue, by Tonnage (2017-2030)
28.4. Market Revenue, by End-Use Industry (2017-2030)
28.5. Market Revenue, by Number of Axles (2017-2030)
28.6. Market Revenue, by Length (2017-2030)

Chapter 29. South Africa Market

29.1. Overview
29.2. Market Revenue, by Type (2017-2030)
29.3. Market Revenue, by Tonnage (2017-2030)
29.4. Market Revenue, by End-Use Industry (2017-2030)
29.5. Market Revenue, by Number of Axles (2017-2030)
29.6. Market Revenue, by Length (2017-2030)

Chapter 30. U.A.E. Market

30.1. Overview
30.2. Market Revenue, by Type (2017-2030)
30.3. Market Revenue, by Tonnage (2017-2030)
30.4. Market Revenue, by End-Use Industry (2017-2030)
30.5. Market Revenue, by Number of Axles (2017-2030)
30.6. Market Revenue, by Length (2017-2030)

Chapter 31. Company Profiles

31.1. China International Marine Containers (CIMC)
- 31.1.1. Business overview
- 31.1.2. Product and service offerings
- 31.1.3. Key financial summary
31.2. East Manufacturing Corporation
- 31.2.1. Business overview
- 31.2.2. Product and service offerings
- 31.2.3. Key financial summary
31.3. Fontaine Trailer Company
- 31.3.1. Business overview
- 31.3.2. Product and service offerings
- 31.3.3. Key financial summary
31.4. Great Dane Trailers
- 31.4.1. Business overview
- 31.4.2. Product and service offerings
- 31.4.3. Key financial summary
31.5. Hyundai Translead
- 31.5.1. Business overview
- 31.5.2. Product and service offerings
- 31.5.3. Key financial summary
31.6. Schmitz Cargobull AG
- 31.6.1. Business overview
- 31.6.2. Product and service offerings
- 31.6.3. Key financial summary
31.7. Stoughton Trailers LLC
- 31.7.1. Business overview
- 31.7.2. Product and service offerings
- 31.7.3. Key financial summary
31.8. Strick Trailers LLC
- 31.8.1. Business overview
- 31.8.2. Product and service offerings
- 31.8.3. Key financial summary
31.9. Utility Trailer Manufacturing Company (UTM)
- 31.9.1. Business overview
- 31.9.2. Product and service offerings
- 31.9.3. Key financial summary
31.10. Wabash National Corporation (WNC)
- 31.10.1. Business overview
- 31.10.2. Product and service offerings
- 31.10.3. Key financial summary
31.11. Hebei Shunjie
- 31.11.1. Business overview
- 31.11.2. Product and service offerings
- 31.11.3. Key financial summary
31.12. Fahrzeugwerk Bernard Krone
- 31.12.1. Business overview
- 31.12.2. Product and service offerings
- 31.12.3. Key financial summary
31.13. MANAC
- 31.13.1. Business overview
- 31.13.2. Product and service offerings
- 31.13.3. Key financial summary

Chapter 32. Appendix

32.1. Abbreviations
32.2. Sources and References
32.3. Related Reports