The global semi-trailer market is expected to surpass US$ 25 Bn by 2027, expanding at a CAGR of more than 3.3% during the forecast period 2020 to 2027. The market for semi-trailer is anticipated to expand at a significant growth rate during the forecast period, owing to the expansion of industries and improving road infrastructure.
The global semi-trailer market is growing at a sturdy pace in recent times. The need for transporting heavy equipment and devices has played an integral part in driving sales across this market. Furthermore, the importance of safe and sound transportation for a multitude of industries has also emerged as a key driver of demand. Investments towards manufacturing of semi-trailers have increased in recent times, and this is a key consideration for the market players. The stellar demand for high-quality semi-trailers shall fetch voluminous revenues for the market players. Improvements in engineering technologies are at the helm of growth within the global semi-trailer market.
Advancements in Trade and E-commerce propels growth
Use of semi-trailer by the e-commerce sector has increased by an astonishing margin over the past decade. Transportation of goods and equipment through these trailers helps in safe and damage-free delivery of items. E-commerce vendors have begun hosting a range of electronic products that need to be transported with premium care. This trend shall usher an era of growth and revenue-inflow across the global semi-trailer market. Several other industries including textiles, oil and gas, and constructions have also emerged as key end-users. The use of semi-trailers in these lucrative sectors shall help the market in ascending on the graph of market maturity.
Need for Waste Management across Cities boosts Demand
Dump trailers also account for a large share of revenues in the global semi-trailer market. The inclination of state authorities to manage municipal and industrial waste has necessitated the presence of semi-trailers. Furthermore, the need to carry industrial and residential waste to sites of dumping and incineration also calls for semi-trailers. Henceforth, semi-trailers have become a part of the municipal infrastructure. The constructions industry is embracing new technologies and aids to expedite its operations. The relevance of semi-trailers in this industry has also emerged as a vital driver of market demand. It is expected that the aforementioned industries and sectors would press market vendors to manufacture high-end trailers that can aid transport and logistics.
Major players operating in the global semi-trailer market are China International Marine Containers (Group) Ltd., FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG, Great Dane, HYUNDAI Translead, Kögel Trailer GmbH, Chassis King, Inc., LAMBERET SAS, Schmitz Cargobull, Schwarzmüller Group, Shandong Arima group, Shandong Liang Shan Huayu Group, Wabash National Corporation., Utility Trailer Manufacturing Company, Dorsey Trailer, MANAC INC., Polar Tank, and Fontaine Commercial Trailer, Inc. China International Marine Containers (Group) Ltd and Schmitz Cargobull are major manufacturers of semi-trailers, which contributed to the prominent share held by these companies in the global semi-trailer market.
The global semi-trailer market can be segmented by:
Overview
The semi-trailer market has been forecasted for the period 2020 to 2027, based on value (US$ Mn) and volume (units). This report provides forecast and analysis of the semi-trailer market at regional and global levels. The study highlights the drivers and restraints influencing the market. The report also highlights the opportunities in the semi-trailer market and underlines the technological roadmap for understanding the market.
The report contains value chain analysis, which provides a comprehensive view of the global semi-trailer market. The Porter’s Five Forces analysis of the market has also been included, which helps understand the competitive scenario of the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and attractiveness.
The study provides a decisive view of the global semi-trailer market by segmenting it in terms of semi-trailer type, tonnage, axle, end-use industry, and region. These segments have been analyzed based on present and future trends. Regional segmentation comprises current scenario along with forecast of the semi-trailer market. The forecast provided is based on the compilation of current trends as well as the expected scenario in future due to change in technological, geographical, political, regulatory, and economic factors such as the rapid expansion of the automotive industry. Norms for loading and dynamics of the logistics industry and major fleets for each region have been considered while forecasting the global market size of semi-trailers. Road connectivity and the region’s import and export of goods from that region or country are key factors driving the semi-trailer market of that respective region.
The study includes profiles of major companies operating in the global semi-trailer market. The major market is distributed among few major manufacturers that belong to North America, Germany, and China. The key players are China International Marine Containers (Group) Ltd., FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG, Great Dane, HYUNDAI Translead, Kögel Trailer GmbH, Chassis King, Inc., LAMBERET SAS, Schmitz Cargobull, Schwarzmüller Group, Shandong Arima group, Shandong Liang Shan Huayu Group, Wabash National Corporation., Utility Trailer Manufacturing Company, Dorsey Trailer, MANAC INC., Polar Tank, and Fontaine Commercial Trailer, Inc. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, global presence, and recent developments. The global semi-trailer market is primarily driven by the expansion of industries in order to fulfill the demand for different products in society.
The report provides the estimated market size for 2017 and forecast for the next nine years. The global market size has been provided in terms of value (US$ Mn) and volume (units). Market figures have been estimated based on semi-trailer type, tonnage, axle, end-use industry, and region. Size and forecast for each major segment have been provided in terms of global and regional/country markets.
In-depth interviews and discussions were conducted with a number of key industry participants and opinion from leaders to compile the research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be highly reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, and webcasts specific to companies operating in the market, TTMA (Truck Trailers Manufacturers Association Inc.), ATA (American Truckers Association), NTTC (National Tank Truck Carriers, Inc.), ANSI (American National Standards Institute), CTEA (The Canadian Transportation Equipment Association), CTRMC (Cargo Tank Risk Management Committee), CVSA (Commercial Vehicle Safety Alliance) OICA (International organization of Motor End-use Industry Manufacturers), ICCT (International Council on Clean Transportation), UITP (International Association of Public Transport), Automotive Research Association of India, Factiva, etc.
Primary research involves e-mail interactions and telephonic interviews for each market, category, segment, and sub-segment across regions. Primary interviews are conducted on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
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