Semi-Trailer Market Size, Analysis, and Outlook Report 2018 to 2025

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The Semi-Trailer market is projected to grow at a CAGR of 4.98% during the forecast period, to reach USD 37.34 billion by 2025 from an estimated USD 25.32 billion in 2017.
Expanding cold chain and logistics industry and increasing use of advanced technologies are the key drivers for the semi-trailer market. Increasing disposable income of consumers and the general push to fresh, healthier products, and increasing number of quick service restaurants (QSRs) are impacting the cold chain industry. A key driver for the growth of the cold chain industry in recent years has been the growth in large-format supermarket retailing. The installation of technically advanced devices such as temperature recorder with built-in GSM modem and remote temperature monitoring in the refrigerated trailers is benefiting trailer owners and managers in the real-time monitoring of the trailer.
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The research methodology used in the report involves various secondary sources such as National Highway Traffic Safety Administration (NHTSA), GENIVI Alliance, Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries, semi-trailer suppliers, and manufacturers have been interviewed to understand the future trends in the market. The market size of the individual segments was determined through various secondary sources: industry associations, white papers, and journals. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up approach has been used to estimate and validate the size of the global market. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments.
The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.
To know about the assumptions considered for the study, download the pdf brochure
The semi-trailer market ecosystem consists of manufacturers such as Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and Great Dane Trailers (US), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).
Dry van is estimated to hold the largest market share during the forecast period
The market size for dry van semi-trailers is estimated to be the highest in 2017 and is projected to remain predominant during the forecast period. The production of dry van semi-trailers is estimated to be the highest, followed by flatbed, refrigerated, low boy, others, and tankers. Developing countries such as China and India have witnessed significant infrastructural and economic growth, which has increased the demand for dry van semi-trailers. The growth in retail, fast moving consumable goods (FMCG), fast moving consumable durable (FMCD) industries is driving the market for dry van, particularly in Asia Pacific.
North America: Largest market for semi-trailer
North America is projected to be the largest market for semi-trailer in 2017. The market growth in the region can be attributed to numerous factors such as improving road infrastructure, expanding supply chain industry, government regulations on weight carrying capacity and dimensions of semi-trailer, California’s Air Resources Board (CARB) mandates related to semi-trailer aerodynamics and the boom in natural gas industry.
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The semi-trailer market is dominated by a few globally established players such as Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and CIMC (China).
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Source: Global Semi-Trailer Market | Analysis by 2018-2025
Location: Germany

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