Extendable trailer specs

Global Semi-Trucks Market to be Driven by Booming E-Commerce Industry During the Forecast Period 2022-2027 – Designer Women

Expert Market Research’s new report titled “Global Semi-Trailer Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027”, provides an in-depth analysis of the global Semi-Trailer Market, assessing the market based on its segments such as types, foot length, tonnage, end uses and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5.6%

The thriving logistics sector across the globe is one of the major applications of semi-trailers and thus increasing the market growth significantly. This can be attributed to the boom in the e-commerce industry which mainly relies on road transport for the delivery of goods. Another factor propelling the growth of the market is the availability of different types of semi-trailer trucks such as flatbed trucks, dry vans, refrigerators, and tank trucks that are easily used for different products. Changing lifestyles and the rise of e-commerce are expected to support market growth.

Industry definition and segmentation

A semi-trailer is generally defined as a trailer without a front axle. Much of its weight is handled by an on-road tractor and is generally used to haul heavy loads due to its long cargo bed structure.

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On the basis of type, the market can be split into:

• Flat bed
• Dry vans
• Refrigerated
• Lowboy
• Cisterns
• Others

The market, based on foot length, can be segmented into:

• Up to 45 feet
• Above 45 feet

Based on tonnage, the market can be split into:

• Less than 25 tons
• 25-50 tons
• 51-100 tons
• Above 100 tons

On the basis of end-use, the market can be categorized into:

• Automotive
• Chemical
• Health care
• Heavy industry
• Logistics
• Oil and gas
• Others

Regional markets for the product include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market trends

The growing attention to green modes of transportation is a major factor shaping the semi-trailer industry with the development of electronic and fuel-efficient semi-trailers. The growing attention to sustainability around the world is leading to the introduction of semi-trailers with eco-friendly features. This can be attributed to the growing problems of global warming, air pollution and degraded air quality caused by increased fuel combustion. Additionally, the growing preference for cold chain products like poultry, fresh fruits and vegetables, and FMCG products is giving impetus to the market.

Main market players

Major market players include East Manufacturing Corporation, Hyundai Translead, Inc., Schmitz Cargobull AG, Wabash National Corporation, Great Dane LLC, and Kögel Trailer GmbH & Co., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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