Semi-Trailer Market Analysis and Global Forecast 2023-2033
$ 1,390.00 – $ 5,520.00
Semi-Trailer Market Research Report: By Type (Flatbed, Lowboy, Dry Van, Others), By End-Use (Heavy Industry, FMCG, Chemical, Others), By Length(Up to 45 Feet, Above 45 Feet), and by Region — Forecast till 2033
Page: 168
Semi-Trailer Market Overview
The Semi-Trailer Market Size is expected to reach USD 52.67 Billion by 2033. The Semi-Trailer industry size accounted for USD 30.25 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.01% from 2023 to 2033. The semi-trailer market refers to the segment of the transportation industry that deals with trailers designed to be attached to a truck or tractor unit. These trailers are used for transporting goods over long distances and are crucial in logistics and freight transportation. Key types include flatbeds, refrigerated trailers (reefers), dry vans, tank trailers, and specialty trailers. The market is influenced by factors such as economic growth, freight demand, regulations, and technological advancements like telematics and trailer tracking systems. Major players include Wabash National Corporation, Utility Trailer Manufacturing Company, Great Dane Trailers, and CIMC Vehicles Group.
Global Semi-Trailer Market Synopsis
COVID-19 Impact Analysis
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Semi-Trailer market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.
Global Semi-Trailer Market Dynamics
The major factors that have impacted the growth of Semi-Trailer are as follows:
Drivers:
⮚ Technological Advancements
Innovations such as telematics, real-time tracking, and advanced materials improve the efficiency, safety, and operational capabilities of semi-trailers. Autonomous driving technologies are also beginning to impact the sector.
Restraint:
- Technological Adoption Challenges
While technological advancements offer opportunities for efficiency improvements and cost savings, the adoption of new technologies such as autonomous driving systems or telematics may face regulatory hurdles, infrastructure requirements, and resistance from traditional operators.
Opportunity:
⮚ Infrastructure Investments
Investments in transportation infrastructure, such as highways, bridges, and logistics hubs, improve connectivity and efficiency in freight transportation. Enhanced infrastructure supports the growth of the semi-trailer market by reducing transit times, lowering operating costs, and expanding market reach.
Semi-Trailer Market Segment Overview
By Type
Based on the Type, the market is segmented based on Flatbed, Lowboy, Dry Van, Others. The dry van segment generally dominates the semi-trailer market based on type. These trailers are versatile and widely used for transporting a variety of goods, including packaged goods, electronics, and consumer products, due to their enclosed and secure design.
By End-Use
Based on the End-Use, the market has been divided into Heavy Industry, FMCG, Chemical, Others. The heavy industry segment typically dominates the semi-trailer market based on end-use. These trailers are extensively used for transporting heavy equipment, machinery, and raw materials essential for industries such as construction, mining, and manufacturing.
By Length
Based on Length, the market has been divided into Up to 45 Feet, Above 45 Feet. semi-trailers above 45 feet typically dominate the market. These longer trailers are favored for their higher capacity and are commonly used in long-haul transportation, catering to industries requiring efficient bulk transportation of goods over extended distances.
Global Semi-Trailer Market Regional Analysis
Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Semi-Trailer, followed by those in Asia-Pacific and Europe.
Semi-Trailer North America Market
North America dominates the Semi-Trailer market due to several factors. In 2021, the North American Semi-Trailer market was valued at USD 11.5 billion, and it is anticipated to increase at a substantial compound annual growth rate (CAGR) throughout the course of the research. This is explained by the expanding retail industry, rising product development expenditures, and expanding building activity throughout the area.
Semi-Trailer Asia Pacific Market
The Asia-Pacific region has been witnessing remarkable growth in recent years. From 2022 to 2030, the Asia-Pacific Semi-Trailer Market is anticipated to develop at the quickest compound annual growth rate (CAGR). Growing urbanization, a rise in the need for lightweight transportation vehicles, and the expansion of the e-commerce industry are the causes of this. Furthermore, the Asia-Pacific region’s semi-truck market in China had the biggest market share, while the semi-truck market in India had the quickest rate of growth.
Competitive Landscape
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Hyundai Translead, Vanguard National Trailer Corp, STOUGHTON TRAILERS LLC, MANAC, and Timpte Inc are some of the leading players in the global Semi-Trailer Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
Key Market Players:
- Hyundai Translead
- Vanguard National Trailer Corp
- STOUGHTON TRAILERS LLC
- MANAC
- Timpte Inc
- MAC Trailer Manufacturing
- Strick Corporation
- Heil Trailer International
- Polar Tank Trailer
- Hyundai Translead
Key development:
In September 2022, Hyundai Translead, a major player in the semi-trailer market, focused on enhancing its product lineup with advanced technology integration aimed at improving fuel efficiency and overall operational performance of its trailers.
Scope of the Report
Global Semi-Trailer Market, by Type
- Flatbed
- Lowboy
- Dry Van
- Others
Global Semi-Trailer Market, by End-Use
- Heavy Industry
- FMCG
- Chemical
- Others
Global Semi-Trailer Market, by Length
- Up to 45 Feet
- Above 45 Feet
Global Semi-Trailer Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2033: $52.67 Billion |
| CAGR | 7.01% CAGR (2023-2033) |
| Base year | 2022 |
| Forecast Period | 2023-2033 |
| Historical Data | 2021 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Type , End-Use, Length |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
| Key Vendors | Hyundai Translead, Vanguard National Trailer Corp, STOUGHTON TRAILERS LLC, MANAC, Timpte Inc, MAC Trailer Manufacturing, Strick Corporation, Heil Trailer International, Polar Tank Trailer, Hyundai Translead |
| Key Market Opportunities | • New governmental regulations that support market growth |
| Key Market Drivers | • Introducing and launching new products Rise in demand for cold chain transports |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Semi-Trailer Industry trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
- Historical market size for the year 2021, and forecast from 2023 to 2033
- Semi-Trailer market share analysis for each segment
- Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
- To identify and understand the various factors involved in the global Semi-Trailer market affected by the pandemic
- To provide year-on-year growth from 2022 to 2033
- To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
- Provide Total Addressable Market (TAM) for the Global Semi-Trailer Market.
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Frequently Asked Questions (FAQ)
2. What are the 10 Years CAGR (2023 to 2033) of the global Semi-Trailer market?
- The global Semi-Trailer market is growing at a CAGR of ~01% over the next 10 years
3. Which region has the highest growth rate in the market of Semi-Trailer?
- Asia Pacific is expected to register the highest CAGR during 2023-2033
4. Which region accounted for the largest share of the market of Semi-Trailer?
- North America holds the largest share in 2022
5. Major Key Players in the Market of Stem Cell Manufacturers?
- Hyundai Translead, Vanguard National Trailer Corp, STOUGHTON TRAILERS LLC, MANAC, Timpte Inc, MAC Trailer Manufacturing, Strick Corporation, Heil Trailer International, Polar Tank Trailer, Hyundai Translead0
6. Do you offer Post Sale Support?
- Yes, we offer 16 hours of analyst support to solve the queries
7. Do you deliver sections of a report?
Yes, we do provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives
Table of Content
CHAPTER 1. Executive Summary CHAPTER 2. Scope of the Study 2.1. Market Definition 2.2. Market Scope & Segmentation 2.2.1. Objective of Report CHAPTER 3. Evolve BI Methodology 3.1. Data Collection & Validation Approach 3.2. Market Size Estimation and Forecast CHAPTER 4. Exclusive Analysis 4.1. Market Opportunity Score 4.1.1. Type Segement – Market Opportunity Score 4.1.2. End-Use Segment – Market Opportunity Score 4.1.3. Length Segment – Market Opportunity Score 4.2. Key Market Influencing Indicators CHAPTER 5. Market Insights and Trends 5.1. Value Chain Analysis 5.1.1. Raw Material 5.1.2. Manufacturing Process 5.1.3. Distribution Channel 5.1.4. End User 5.2. Porter’s Five Forces Analysis 5.2.1. Bargaining Power of Buyers 5.2.2. Bargaining Power of Suppliers 5.2.3. Threat of New Entrant 5.2.4. Threat of Substitute 5.2.5. Industry Rivalry 5.3. COVID-19 Impact and Post COVID Scenario on Semi-Trailer Market 5.3.1. Impact of COVID-19 5.3.2. Government Support and Industry Revival Policies 5.3.3. Measures Taken by Companies to Mitigate Negative Impact 5.3.4. Post COVID Trend CHAPTER 6. MArket Dynamics 6.1. Introduction 6.2. Drivers 6.2.1. Driver 1 6.2.2. Driver 2 6.2.3. Driver 3 6.3. Restraints 6.3.1. Restraint 1 6.3.2. Restraint 2 6.4. Opportunity 6.4.1. Opportunity 1 CHAPTER 7. Global Semi-Trailer Market, By Type 7.1. Introduction 7.1.1. Flatbed 7.1.2. Lowboy 7.1.3. Dry Van 7.1.4. Others CHAPTER 8. Global Semi-Trailer Market, By End-Use 8.1. Introduction 8.1.1. Heavy Industry 8.1.2. FMCG 8.1.3. Chemical 8.1.4. Others CHAPTER 9. Global Semi-Trailer Market, By Length 9.1. Introduction 9.1.1. Up to 45 Feet 9.1.2. Above 45 Feet CHAPTER 10. Global Semi-Trailer Market, By Region 10.1. Introduction 10.2. NORTH AMERICA 10.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million) 10.2.2. North America: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.2.3. North America: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.2.4. North America: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.2.5. US 10.2.5.1. US: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.2.5.2. US: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.2.5.3. US: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.2.6. CANADA 10.2.6.1. Canada: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.2.6.2. Canada: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.2.6.3. Canada: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.2.7. MEXICO 10.2.7.1. Mexico: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.2.7.2. Mexico: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.2.7.3. Mexico: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3. Europe 10.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million) 10.3.2. Europe: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.3. Europe: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.4. Europe: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.5. U.K. 10.3.5.1. U.K.: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.5.2. U.K.: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.5.3. U.K.: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.6. GERMANY 10.3.6.1. Germany: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.6.2. Germany: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.6.3. Germany: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.7. FRANCE 10.3.7.1. France: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.7.2. France: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.7.3. France: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.8. ITALY 10.3.8.1. Italy: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.8.2. Italy: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.8.3. Italy: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.9. SPAIN 10.3.9.1. Spain: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.9.2. Spain: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.9.3. Spain: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.10. BENELUX 10.3.10.1. BeNeLux: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.10.2. BeNeLux: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.10.3. BeNeLux: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.11. RUSSIA 10.3.11.1. Russia: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.11.2. Russia: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.11.3. Russia: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.3.12. REST OF EUROPE 10.3.12.1. Rest of Europe: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.3.12.2. Rest of Europe: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.3.12.3. Rest of Europe: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4. Asia Pacific 10.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million) 10.4.2. Asia Pacific: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.3. Asia Pacific: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.4. Asia Pacific: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.5. CHINA 10.4.5.1. China: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.5.2. China: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.5.3. China: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.6. JAPAN 10.4.6.1. Japan: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.6.2. Japan: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.6.3. Japan: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.7. INDIA 10.4.7.1. India: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.7.2. India: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.7.3. India: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.8. SOUTH KOREA 10.4.8.1. South Korea: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.8.2. South Korea: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.8.3. South Korea: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.9. THAILAND 10.4.9.1. Thailand: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.9.2. Thailand: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.9.3. Thailand: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.10. INDONESIA 10.4.10.1. Indonesia: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.10.2. Indonesia: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.10.3. Indonesia: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.11. MALAYSIA 10.4.11.1. Malaysia: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.11.2. Malaysia: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.11.3. Malaysia: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.12. AUSTRALIA 10.4.12.1. Australia: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.12.2. Australia: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.12.3. Australia: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.4.13. REST FO ASIA PACIFIC 10.4.13.1. Rest fo Asia Pacific: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.4.13.2. Rest fo Asia Pacific: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.4.13.3. Rest fo Asia Pacific: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.5. South America 10.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million) 10.5.2. South America: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.5.3. South America: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.5.4. South America: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.5.5. BRAZIL 10.5.5.1. Brazil: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.5.5.2. Brazil: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.5.5.3. Brazil: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.5.6. ARGENTINA 10.5.6.1. Argentina: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.5.6.2. Argentina: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.5.6.3. Argentina: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.5.7. REST OF SOUTH AMERICA 10.5.7.1. Rest of South America: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.5.7.2. Rest of South America: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.5.7.3. Rest of South America: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.6. Middle East & Africa 10.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million) 10.6.2. Middle East & Africa: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.6.3. Middle East & Africa: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.6.4. Middle East & Africa: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.6.5. SAUDI ARABIA 10.6.5.1. Saudi Arabia: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.6.5.2. Saudi Arabia: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.6.5.3. Saudi Arabia: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.6.6. UAE 10.6.6.1. UAE: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.6.6.2. UAE: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.6.6.3. UAE: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.6.7. EGYPT 10.6.7.1. Egypt: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.6.7.2. Egypt: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.6.7.3. Egypt: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.6.8. SOUTH AFRICA 10.6.8.1. South Africa: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.6.8.2. South Africa: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.6.8.3. South Africa: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) 10.6.9. REST OF MIDDLE EAST & AFRICA 10.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Type , 2023 – 2033 ($ Million) 10.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By End-Use, 2023 – 2033 ($ Million) 10.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By Length, 2023 – 2033 ($ Million) CHAPTER 12. Competitive Landscape 12.1. Competitior Benchmarking 2023 12.2. Market Share Analysis 12.3. Key Developments Analysis By Top 5 Companies 12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players CHAPTER 13. Company Profiles 13.1. Hyundai Translead 13.1.1. Business Overview 13.1.2. Financial Analysis 13.1.2.1. Business Segment Revenue, 2020, 2021, 2022, $ Million 13.1.2.2. Geographic Revenue Mix, 2022 (% Share) 13.1.3. Product Portfolio 13.1.4. Recent Development and Strategies Adopted 13.1.5. SWOT Analysis 13.2. Vanguard National Trailer Corp 13.3. STOUGHTON TRAILERS LLC 13.4. MANAC 13.5. Timpte Inc 13.6. MAC Trailer Manufacturing 13.7. Strick Corporation 13.8. Heil Trailer International 13.9. Polar Tank Trailer 13.10. Genie AI Ltd
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