Global Semi Trailer Market Size, Share, Growth Analysis, By Semi-trailer type, By Tonnage, By Axle, By length, By End use industry

Description

Global Semi-Trailer Market size was valued at USD 32.9 billion in 2022 and is poised to grow from USD 34.74 billion in 2023 to USD 53.72 billion by 2031, growing at a CAGR of 5.6% during the forecast period (2024-2031).

The market is expected to rise as a result of increased production, urbanization, and the demand for efficient transportation. Furthermore, the need for semi-trailers is rising as a result of the expansion of the cold sector and the rise of the end-use industries. To meet consumer demand, manufacturers provide custom-built semi-trailers, and in the upcoming years, this feature is expected to produce considerable potential prospects for the global semi-trailer market. The increase in demand for goods transportation from end-use sectors, such the logistics industry, is a major driver of this market's growth. The most popular form of transportation is the road because it is more affordable than other options.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Semi-Trailer Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market size includes the following details: The key players in the Market were identified through secondary research, and their Market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top Market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Semi-Trailer Market Segmental Analysis

The global semi-trailer market is segmented into semi-trailer type, tonnage, axle, length, end use industry. In terms of segmentation by semi-trailer type, the global market is segmented into refrigerated trailer, flatbed trailer, dump trailer, dry van, curtain trailer/stake trailers, tankers, and others. With respect to tonnage, the global market is segmented into, below 25 Tons, between 25-50 Tons, between 50-100 Tons, above 100 Tons. Based on classification by axle, the market is segmented into less than 3 axles, 3 to 4 axles, and more than 4 axles. The length segment is further sub-segmented into up to 45 feet and above 45 feet. Based on end use industry, the global market is segmented into heavy industry, construction, medical, food & beverages, oil & gas, textile industry, and others.

Drivers of the Global Semi-Trailer Market

When it comes to generating income, one of the biggest sectors worldwide is fast-moving consumer goods (FMCG). Products that have a limited shelf life, such meat, dairy, fruits, vegetables, and baked items, are in great demand by consumers. The food and beverage and personal care sectors make up the FMCG industry. The FMCG business has experienced growth due to factors such as rising incomes, population expansion, increased brand awareness, beneficial legislation, and the digitization of the purchasing process. The logistics of FMCG items have changed throughout the industry along with variations in customer demand. All of this encourages the FMCG industry's expansion of the highly developed semi-trailer.

Restraints in the Global Semi-Trailer Market

The market may face challenges during the projected period due to the increased alternatives for goods transportation brought about by the growth in the truck and automotive sectors. Furthermore, the market for semi-trailers is limited in terms of available truck models, and the government has enforced rules and regulations that could cause difficulties for the industry's growth in the upcoming years.

Market Trends of the Global Semi-Trailer Market

Technological advancements in the automobile business include the conversion of gas-powered vehicles to electricity ones. Original equipment manufacturers and semi-trailers will have an opportunity thanks to electric semi-trailers in the upcoming years. Electric semi-trailers are the product of creativity and perseverance.

Product Code: SQMIG20H2016

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Semi Trailer Market by Semi-trailer type

Market Overview
Refrigerated trailer
flatbed trailer
dump trailer
dry van
curtain trailer/stake trailers
tankers
and others

Global Semi Trailer Market by Tonnage

Market Overview
Below 25 Tons
between 25-50 Tons
between 50-100 Tons
above 100 Tons

Global Semi Trailer Market by Axle

Market Overview
Less than 3 axles
3 to 4 axles
more than 4 axles

Global Semi Trailer Market by length

Market Overview
Up to 45 feet and above 45 feet

Global Semi Trailer Market by End use industry

Market Overview
Heavy industry
construction
medical
food & beverages
oil & gas
textile industry
and others.

Global Semi Trailer Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2023

Key Company Profiles

Wabash National Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Great Dane Trailers
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hyundai Translead
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Utility Trailer Manufacturing Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Schmitz Cargobull AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kogel Trailer GmbH & Co. KG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CIMC Vehicles Group Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sinotruk (Hong Kong) Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kassbohrer Fahrzeugwerke GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vanguard National Trailer Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Stoughton Trailers, LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Trail King Industries, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fontaine Trailer Company, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
MAC Trailer Manufacturing, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Heil Trailer International
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
East Manufacturing Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Doepker Industries Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Manac Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wilson Trailer Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Reitnouer, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Semi Trailer Market Size, Share, Growth Analysis, By Semi-trailer type, By Tonnage, By Axle, By length, By End use industry - Industry Forecast 2024-2031