Status : Published | Published On : Apr, 2024 | Report Code : VRAT4091 | Industry : Automotive & Transportation | Available Format : | Page : 220 |
The Global Semi-Trailer Market is expected to rise at a CAGR of 6.0 percent from USD 30.5 billion in 2023 to USD 54.5 billion in 2030.
The semi-trailer refers to a vehicle without the front axle and is typically used as a freight vehicle. There is a removable front axle or a tractor unit that supports most of the weight carried on these trailers, while the rest of the weight is supported by the semi-trainer itself.
The design of these trailers allows easy relocation in desired places instead of using a full trailer for frequent transporting of cargo. This is because the detachable design of the semi-trailer offers more flexibility than a full trailer.
These specific trailers integrate the key trends including electrification of vehicles, logistics, and autonomous trucks which makes it a favored choice for transporting both raw materials and finished goods. This enhances its demand for product delivery and utilization for cargo transportation.
This specific market is driven forward by different factors such as cost advantages, better networks and inland accessibility, increased manufacturing activities, efficient transportation, and rapid urbanization and expansion of rural areas compared to other modes of road transportation.
• Flatbed
• Lowboy
• Dry Van
• Refrigerated
• Tankers
• Others
According to the type, the global semi-trailer market is divided into flatbed, lowboy, dry van, refrigerated, tankers, and other segments. Out of all these segments, the dry van semi-trailer segment is used extensively in product logistics because it needs minimal protection from road and weather conditions. This specific segment is expected to grow at a faster rate during the forecast period due to its cost-effectiveness and flexibility which will enhance its use and demand among the LTL and FTL fleet operators and a wide range of industries for a variety of applications.
Dry van semi-trailers are mostly used in the logistics of products that need only minimal protection from weather and road conditions. Because of their flexibility and cost-effectiveness, LTL and FTL fleet operators use these trailers for their operations. Following its diverse applications in a variety of industries, the dry van segment is expected to account for the largest share of the semi-trailer industry.
• <3 axles
• 3-4 axles
• 4 axles
According to the number of axles, the global semi-trailer market is divided into lea than 3 axles, 3 to 4 axles, and 4 axles. Out of these segments, the less than three axles segment is expected to grow at a faster rate during the forecast period. This is due to their extensive demand and use in the European and Asia Pacific regions. These vehicles are favored mainly due to reasonably higher load-bearing capacity and the liberal weight-limit regulations of the government.
According to the length, the global semi-trailer market is divided into below 45 feet and above 45 feet, where the former dominates the market and is expected to grow at a faster rate during the forecast period.
The global semi-trailer market is divided into 25 T to 50 T, 51 T to 100 T, and more than 100 T, based on tonnage. Out of these, the 25 T to 50 T segments dominate the market and are expected to grow at a faster rate during the forecast period due to their extensive use in flatbed semi-trailers and low-boy trailers, wide-scale applications across a diverse range of industries, and growing need for goods transport.
• North America
• Asia Pacific
• Europe
• RoW
The global semi-trailer market is projected to be dominated by North America. This is due to factors such as improved road infrastructure, a growing supply chain industry, and government regulations governing semi-trailer weight carrying capacity and dimensions.
There is an increase in the demand for semi-trailers across a wide range of industries such as construction, retail, automobile, and food & beverage to transport materials in bulk.
The manufacturers of these vehicles are trying to make vehicles according to the industry trends and future needs of the users. They are also trying to reduce weight to take advantage of the rising demand in the market for these specialized vehicles.
Moreover, there is significant growth noticed in the semi-trailer industry of developed and developing countries. Growing urbanization due to the rise in population base will boost the need for transportation of goods and use of these trailers, pushing this market forward.
The growth prospect of the global semi-trailer market is driven by the continual effort by the manufacturers to implement advanced technologies in designing to improve the performance of the vehicles.
Moreover, new governmental regulations and the extension of the manufacturing industry will also have a notable impact on the growth of the global semi-trailer market.
A few other factors that influence the growth of the global semi-trailer market include rapid urbanization and a growing population needing adequate transportation, growing manufacturing activity, widening of road networks in rural areas, and the growing adoption of cutting-edge technology.
The rise in population and higher disposable income among people in developing countries has increased the demand for cold chain products. As a result, there is a notable expansion in the cold chain industry that needs refrigerated trailers to transport their products, thereby boosting the global semi-trailer market.
Rapid urbanization and industrialization have resulted in the growth of trade, eCommerce, and heavy industries like construction in developing countries, that need semi-trailer vehicles as an effective transportation solution. This also fuels the growth of the global semi-trailer market.
The high weight of an empty vehicle contributes significantly to fuel consumption and CO2 emissions during operation. The manufacturers face a lot of difficulty in reducing the weight of these semi-trailers, which might hinder the growth of the global semi-trailer market to some extent. However, they are trying hard to use stronger materials to reduce weight and carbon emissions, which brightens the prospects of this market.
Advanced technologies like telematics, electrification, digitalization, and autonomous driving are used in making semi-trailers now by the manufacturers. This creates new opportunities for the global semi-trailer market to grow. Also, the use of more sophisticated technologies like AI-based optimization will emerge during the forecast period which will reduce cost and congestion and help in temperature and fuel management. This will create new opportunities for further growth of this market.
North America dominates the global semi-trailer market and is expected to continue doing so during the forecast period due to upgraded road infrastructure, favorable government regulations regarding semi-trailer dimensions and weight-carrying capacity, expansion of logistics, and the evolving supply chain industry. The FMCG, construction, and other similar industries typically have a high demand for semi-trailers for goods transportation in this region, which also boosts the market growth.
The East Asia region is also expected to grow at a faster rate during the forecast period due to rapid industrialization, and growth of the agricultural and manufacturing sectors, all of which rely heavily on road freight transportation. Also, the significant economic development and integration in this region due to the growth of the clothing, textile, and electronic industries needs using roadways to transport their goods.
All these play a significant role in the growth of the global semi-trailer market.
Some of the key players in the semi-trailer market
• Wabash National Corporation
• Kögel Trailer GmbH & Co.KG
• Great Dane Trailers
• American Trailer & Storage
• PACCAR Inc
• China International Marine Containers (Group) Co. Ltd.
• Utility Trailer Manufacturing Company
• Schmitz Cargobull AG
• Great Dane Limited Partnership
• Fahrzeugwerk Bernard Krone
• KRONE GMBH & CO. KG
• HYUNDAI TRANSLATED
• LAMBERET SAS
• Wilhelm Schwarzmüller GmbH
• Doepker Industries Limited
• Fontaine Commercial Trailer
• Polar Tank
• Trail King Industries
• Pitts Trailers
• East Manufacturing Corporation
• Mac Trailer Enterprises Inc.
• Strick Trailers
• STI HOLDINGS
• HEIL TRAILER INTERNATIONAL
• Vanguard National Trailer Corp.
Krone presents second generation 62 pallet Vario Liner Double-Deck trailer with better handling, more stability, shorter turnaround times and thus more efficiency in part-load transports. The innovative double-deck trailer was developed in close cooperation with the commercial vehicle manufacturers KRONE and Wiese. The tarpaulin semi-trailer named Vario Liner is designed for use in HUB and line haul transport. It is approved for ADR transports with its Code XL certified body. .
Fontaine Specialized has introduced its new Magnitude 65 lowbed trailer. The 3+2 modular multi-purpose trailer is designed and built to efficiently transport a wide array of loads, featuring three distinct deck options, flat (MFLD), drop side rail (MDSR) and beam (MBMD).
The Semi-Trailer Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Geographical Segmentation
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Type
1.2.2. By Number of Axles
1.2.3. By Length
1.2.4. By Tonnage
1.3. Research Phases
1.4. Limitations
1.5. Research Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Type
5.1.1. Flatbed
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Lowboy
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Dry Van
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.1.4. Refrigerated
5.1.4.1. Market Definition
5.1.4.2. Market Estimation and Forecast to 2030
5.1.5. Tankers
5.1.5.1. Market Definition
5.1.5.2. Market Estimation and Forecast to 2030
5.1.6. Others
5.1.6.1. Market Definition
5.1.6.2. Market Estimation and Forecast to 2030
5.2. By Number of Axles
5.2.1. < 3 axles
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. 3-4 axles
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. 4 axles
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.3. By Length
5.3.1. Below 45 Feet
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Above 45 Feet
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.4. By Tonnage
5.2.1. 25 T to 50 T
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. 51 T to 100 T
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. More Than 100 T
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Type
6.2. By Number of Axles
6.2. By Length
6.2. By Tonnage
6.3. By Country
6.3.1. U.S. Market Estimate and Forecast
6.3.2. Canada Market Estimate and Forecast
6.3.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Type
7.2. By Number of Axles
7.2. By Length
7.2. By Tonnnage
7.3. By Country
7.3.1. Germany Market Estimate and Forecast
7.3.2. France Market Estimate and Forecast
7.3.3. U.K. Market Estimate and Forecast
7.3.4. Italy Market Estimate and Forecast
7.3.5. Spain Market Estimate and Forecast
7.3.6. Russia Market Estimate and Forecast
7.3.7. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Type
8.2. By Number of Axles
8.2. By Length
8.2. By Tonnage
8.3. By Country
8.3.1. China Market Estimate and Forecast
8.3.2. Japan Market Estimate and Forecast
8.3.3. India Market Estimate and Forecast
8.3.4. South Korea Market Estimate and Forecast
8.3.5. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Type
9.2. By Number of Axles
9.2. By Length
9.2. By Tonnage
9.3. By Country
9.3.1. Brazil Market Estimate and Forecast
9.3.2. Saudi Arabia Market Estimate and Forecast
9.3.3. South Africa Market Estimate and Forecast
9.3.4. U.A.E. Market Estimate and Forecast
9.3.5. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Wabash National Corporation
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Kögel Trailer GmbH & Co.KG
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Great Dane Trailers
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. American Trailer & Storage
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. PACCAR Inc
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. China International Marine Containers (Group) Co. Ltd.
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Utility Trailer Manufacturing Company
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Schmitz Cargobull AG
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Great Dane Limited Partnership
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. Fahrzeugwerk Bernard Krone
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
10.11. KRONE GMBH & CO. KG
10.11.1. Snapshot
10.11.2. Overview
10.11.3. Offerings
10.11.4. Financial Insight
10.11.5. Recent Developments
10.12. HYUNDAI TRANSLEAD
10.12.1. Snapshot
10.12.2. Overview
10.12.3. Offerings
10.12.4. Financial Insight
10.12.5. Recent Developments
10.13. LAMBERET SAS
10.13.1. Snapshot
10.13.2. Overview
10.13.3. Offerings
10.13.4. Financial Insight
10.13.5. Recent Developments
10.14. Wilhelm Schwarzmüller GmbH
10.14.1. Snapshot
10.14.2. Overview
10.14.3. Offerings
10.14.4. Financial Insight
10.14.5. Recent Developments
10.15. Doepker Industries Limited
10.15.1. Snapshot
10.15.2. Overview
10.15.3. Offerings
10.15.4. Financial Insight
10.15.5. Recent Developments
10.16. Fontaine Commercial Trailer
10.16.1. Snapshot
10.16.2. Overview
10.16.3. Offerings
10.16.4. Financial Insight
10.16.5. Recent Developments
10.17. Polar Tank
10.17.1. Snapshot
10.17.2. Overview
10.17.3. Offerings
10.17.4. Financial Insight
10.17.5. Recent Developments
10.18. Trail King Industries
10.18.1. Snapshot
10.18.2. Overview
10.18.3. Offerings
10.18.4. Financial Insight
10.18.5. Recent Developments
10.19. Pitts Trailers
10.19.1. Snapshot
10.19.2. Overview
10.19.3. Offerings
10.19.4. Financial Insight
10.19.5. Recent Developments
10.20. East Manufacturing Corporation
10.20.1. Snapshot
10.20.2. Overview
10.20.3. Offerings
10.20.4. Financial Insight
10.20.5. Recent Developments
10.21. Mac Trailer Enterprises Inc.
10.21.1. Snapshot
10.21.2. Overview
10.21.3. Offerings
10.21.4. Financial Insight
10.21.5. Recent Developments
10.22. Strick Trailers
10.22.1. Snapshot
10.22.2. Overview
10.22.3. Offerings
10.22.4. Financial Insight
10.22.5. Recent Developments
10.23. STI HOLDINGS
10.23.1. Snapshot
10.23.2. Overview
10.23.3. Offerings
10.23.4. Financial Insight
10.23.5. Recent Developments
10.24. HEIL TRAILER INTERNATIONAL
10.24.1. Snapshot
10.24.2. Overview
10.24.3. Offerings
10.24.4. Financial Insight
10.24.5. Recent Developments
10.25. Vanguard National Trailer Corp
10.25.1. Snapshot
10.25.2. Overview
10.25.3. Offerings
10.25.4. Financial Insight
10.25.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Semi-Trailer Market Size, By Type, 2018 – 2023 (USD Billion)
Table 5 Global Semi-Trailer Market Size, By Type, 2025 – 2030 (USD Billion)
Table 6 Global Semi-Trailer Market Size, By Number of Axles, 2018 – 2023 (USD Billion)
Table 7 Global Semi-Trailer Market Size, By Number of Axles, 2025 – 2030 (USD Billion)
Table 8 Global Semi-Trailer Market Size, by Region, 2018 – 2023 (USD Billion)
Table 9 Global Semi-Trailer Market Size, by Region, 2025 – 2030 (USD Billion)
Table 10 North America Semi-Trailer Market Size, By Type, 2018 – 2023 (USD Billion)
Table 11 North America Semi-Trailer Market Size, By Type, 2025 – 2030 (USD Billion)
Table 12 North America Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2023 (USD Billion)
Table 13 North America Semi-Trailer Market Size, By Number of Axles Type, 2025 – 2030 (USD Billion)
Table 14 North America Semi-Trailer Market Size, by Region, 2018 – 2023 (USD Billion)
Table 15 North America Semi-Trailer Market Size, by Region, 2025 – 2030 (USD Billion)
Table 16 Europe Semi-Trailer Market Size, By Type, 2018 – 2023 (USD Billion)
Table 17 Europe Semi-Trailer Market Size, By Type, 2025 – 2030 (USD Billion)
Table 18 Europe Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2023 (USD Billion)
Table 19 Europe Semi-Trailer Market Size, By Number of Axles Type, 2025 – 2030 (USD Billion)
Table 20 Europe Semi-Trailer Market Size, by Region, 2018 – 2023 (USD Billion)
Table 21 Europe Semi-Trailer Market Size, by Region, 2025 – 2030 (USD Billion)
Table 22 Asia-Pacific Semi-Trailer Market Size, By Type, 2018 – 2023 (USD Billion)
Table 23 Asia-Pacific Semi-Trailer Market Size, By Type, 2025 – 2030 (USD Billion)
Table 24 Asia-Pacific Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2023 (USD Billion)
Table 25 Asia-Pacific Semi-Trailer Market Size, By Number of Axles Type, 2025 – 2030 (USD Billion)
Table 26 Asia-Pacific Semi-Trailer Market Size, by Region, 2018 – 2023 (USD Billion)
Table 27 Asia-Pacific Semi-Trailer Market Size, by Region, 2025 – 2030 (USD Billion)
Table 28 RoW Semi-Trailer Market Size, By Type, 2018 – 2023 (USD Billion)
Table 29 RoW Semi-Trailer Market Size, By Type, 2025 – 2030 (USD Billion)
Table 30 RoW Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2023 (USD Billion)
Table 31 RoW Semi-Trailer Market Size, By Number of Axles Type, 2025 – 2030 (USD Billion)
Table 32 RoW Semi-Trailer Market Size, by Region, 2018 – 2023 (USD Billion)
Table 33 RoW Semi-Trailer Market Size, by Region, 2025 – 2030 (USD Billion)
Table 34 Snapshot – Wabash National Corporation.
Table 35 Snapshot – Kögel Trailer GmbH & Co.KG
Table 36 Snapshot – GREAT DANE TRAILERS
Table 37 Snapshot – American Trailer & Storage
Table 38 Snapshot – PACCAR Inc
Table 39 Snapshot – China International Marine Containers (Group) Co. Ltd.
Table 40 Snapshot – Utility Trailer Manufacturing Company
Table 41 Snapshot – Schmitz Cargobull AG
Table 42 Snapshot – Great Dane Limited Partnership
Table 43 Snapshot – Fahrzeugwerk Bernard Krone
Table 44 Snapshot – Merck KGaA
Table 45 Snapshot – Corel Pharma Chem
Table 46 Snapshot – LAMBERET SAS.
Table 47 Snapshot – Wilhelm Schwarzmüller GmbH
Table 48 Snapshot – Doepker Industries Limited
Table 49 Snapshot – Fontaine Commercial Trailer
Table 50 Snapshot – Polar Tank
Table 51 Snapshot – Trail King Industries
Table 52 Snapshot – Pitts Trailers
Table 53 Snapshot – East Manufacturing Corporation
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Tablet Coating Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Tablet Coating Market Highlight
Figure 12 Global Semi-Trailer Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 13 Global Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2030 (USD Billion)
Figure 14 Global Semi-Trailer Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 15 North America Tablet Coating Market Highlight
Figure 16 North America Semi-Trailer Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 17 North America Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2030 (USD Billion)
Figure 18 North America Semi-Trailer Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 19 Europe Tablet Coating Market Highlight
Figure 20 Europe Semi-Trailer Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 21 Europe Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2030 (USD Billion)
Figure 22 Europe Semi-Trailer Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 23 Asia-Pacific Tablet Coating Market Highlight
Figure 24 Asia-Pacific Semi-Trailer Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 25 Asia-Pacific Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2030 (USD Billion)
Figure 26 Asia-Pacific Semi-Trailer Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 27 RoW Tablet Coating Market Highlight
Figure 28 RoW Semi-Trailer Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 29 RoW Semi-Trailer Market Size, By Number of Axles Type, 2018 – 2030 (USD Billion)
Figure 30 RoW Semi-Trailer Market Size, by Region, 2018 – 2030 (USD Billion)
Global Semi-Trailer Market Coverage
Type Insight and Forecast 2025-2030
Number of Axles Insight and Forecast 2025-2030
Geographical Segmentation
The Global Semi-Trailer Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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