Global Semi-Trailer Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Semi-Trailer Market” report produced by MarketResearch.biz is segmented on the basis of type, foot-length, and region. Several primary and secondary researches has been conducted to ascertain major factors and its impact these factors have on various scenarios and aspects in the global target market. Research conclusions were verified by industry experts to confidently present it in the report.
A semi-trailer is a trailer without axle in the front. A dolly, a detachable front axle assembly, or a road tractor support large portion of semi-trailer’s weight. Semi-trailers are detachable while full trailers are fixed to tractor unit and usually semi-trailers dominate trailers on roads. Flexibility is the major advantage of semi-trailers. In addition, semi-trailers can be detached and coupled fast and easily. In case a tractor breaks down, another tractor can be coupled and continue towards destination without much delay. Also, using a dolly, a semi-trailer can be easily attached to another semi-trailer. This is very common in countries such as Australia, where they make a train on the road with attached trailers. Compared to full trailers, semi-trailers are easier to reverse as semi-trailers have only one turning point at the coupling unlike full trailers, which have two. Other benefits of semi-trailers, compared to full trailers, are smaller turning circle, longer cargo beds, haul a greater load than a full trailer, and better load ratio between laden weight and tare. Moreover, in snow, semi-trailers have more weight on axles which enables trailer to have enhanced road handling characteristics and traction even in adverse weather conditions.
Owing to growing logistics industry, demand for semi-trailers is expected to grow in the global semi-trailer market over the forecast period. The major factor driving growth of the market is increasing popularity of semi-trailers over full trailers globally. This increasing popularity of semi-trailers is attributed to its reliability and safety. In addition, growing natural gas production is projected to increase demand for semi-trailers in the global semi-trailers market over the forecast period. Transportation of machinery and goods in the retail, industrial and energy manufacturing sector is generally carried out using heavy-duty vehicles. Growth in these verticals and an increase in the industrial outcome is expected to further drive growth of the global semi-trailer market over the forecast period. In addition, expansion in offerings and breadth of logistics industry is projected to increase demand for semi-trailers in the global market during the forecast period. In order to meet increasing demand for various fuel-efficient vehicles, manufacturers are enhancing semi-trailer designs by investing huge amounts. Another factor driving growth of the market is growing preference for packaged food. Increasing inclination of fleet operators to adopt semi-trailers owing to various benefits, such as productivity and efficiency, is also expected to drive demand for semi-trailers in the global semi-trailer market during the forecast period.
Global Semi-Trailer Market Segment Analysis:
By Type: Among the type segments, the dry vans segment is projected to contribute highest revenue share in the global semi-trailer market and is expected to continue over the forecast period. This growth of the segment is attributed to expansion of consumable goods (FMCG) industry such as packed food. In addition, frequent transportation of various dry products by FMCG and retail industries is attributed to the growth.
By Foot-Length: The greater than 45-foot segment among foot-length segments has been gaining traction owing to its capability of transporting larger loads compared to the other segment. In addition, it is a better option for long roads and has high reliability and productivity.
Global Semi-Trailer Market Regional Analysis:
The market in Asia Pacific is expected to register a high revenue share over the forecast period. This can be attributed to improved cost-viability of transportation and an increase in inland transportation in the region. In addition, rising e-commerce industry in developing nations such as China and India is in need of fuel-efficient vehicles to perform bulk shipping. This fact is also attributed to the growth of the market in the region.
Global Semi-Trailer Market Segmentation:
- Flat Bed Trailer
- Dry Vans
- Refrigerated Trailers
- Lowboy Trailers
- 28-45 Foot
- Greater than 45 Foot
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- HYUNDAI Translead
- Kogel Trailer GmbH
- Schmitz Cargobull
- Chassis King, Inc.
- MANAC INC.
- Wabash National Corporation.
- Great Dane Fontaine Commercial Trailer, Inc.
- Dorsey Trailer
- Polar Tank
- Utility Trailer Manufacturing Company
- China International Marine Containers (Group) Ltd.
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