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Global Semi-Trailer Market Overview 2018 to 2023: Size, Share, Trends
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Semi-Trailer Market Size, Share, Trends Analysis Research Report 2018 expands comprehensive information on Global Semi-Trailer Market by Type (Flatbed, Lowboy, Dry van, Refrigerated, Tankers, Others), By Tonnage (Below 25 t, 25 t – 50 t, 51 t – 100 t and Above 100 t), By Axle count (<3 axles, 3–4 axles, >4 axles) and By Region - Forecast To 2023. The semi-trailer market is diverse and there are a wide variety of sizes and configurations that are employed to meet the wide range of freight demands.
Semi-Trailer Market Companies Analyzed in report are: Wabash National Corporation (US), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co.KG (Germany), Great Dane Trailers (US), American Trailer & Storage (U.S.), PACCAR Inc. (U.S.), China International Marine Containers (Group) Co. Ltd. (China), Utility Trailer Manufacturing Company (U.S.), Schmitz Cargobull AG (Germany), and Great Dane Limited Partnership (U.S). Semi-Trailer market appears to be competitive with the presence of several large and small players operating in the Semi-Trailer Market. These Key players compete based upon pricing, quality, Technology and reputation.
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Semi-Trailer Market Highlights: A semi-trailer is a trailer without a front axle that is used extensively. The factors leading to the growth of the semi-trailer market are the growing cold chain industry, and the increase in the use of advanced technologies such as telematics and stability control. The growth of the cold chain industry can be attributed to the growth in large-format supermarket retailing. The installation of advanced devices such as temperature recorder with built-in GSM modem and remote temperature monitoring in the refrigerated trailers, is benefitting trailer owners and managers in the real-time monitoring of the trailer, thereby driving the growth of the market.
The market is expected to have growth opportunities in the forecast period with the rapid adoption of modern technologies such as semi-trailer platooning and electric semi-trailer truck. The market is also expected to grow with the adoption of electronic braking systems, as an opportunity. However, the growth of this market is expected to be restrained by the existence of local players in unorganized sector, and transportation of goods through sea and air. The growth of this market could also be challenged by lightweight semi-trailers and lowering the total cost of ownership (TCO). A tractor with a semi-trailer has an articulation point (where it pivots), which makes backing up more complex, thereby restraining the growth of the market.
Tractor semi-trailers account for the largest percentage of vehicle-kilometers traveled, leading to the growth in fuel consumption and emissions from heavy-duty vehicles. Thus, tractor semi-trailers are expected to represent majority of the diesel fuel use and greenhouse gas (GHG) emissions from the on-road heavy-duty sector, which will in turn demand for higher R&D for the development of efficient tractor semi-trailers.
Market Segmentation: Based on the axle count, the market has been segmented as <3 axles, 3–4 axles and >4 axles. Amongst these, less than less than 3 axles segment is expected to dominate, in terms of growth rate. These trailers are extensively used and preferred over other semi-trailers in the regions of Europe and Asia Pacific. The legally permissible load which can be transported on a semi-trailer depends on the axle count of a semi-trailer. Thus, it can be concluded that government regulations on weight limits, is driving the less than 3 axles segment.
Geographic Analysis: Geographically, the global semi-trailer market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate the global semi-trailer market. This is due to factors such as improving road infrastructure, expanding supply chain industry, introduction of government regulations on weight carrying capacity and dimensions of a semi-trailer.
Target Audience of Report: This report mainly focuses on Semi-Trailer manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Semi-Trailer market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Semi-Trailer market are studied in this report.
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Global Semi-Trailer market Research Insights: The report for Global Semi-Trailer Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
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