Semitrailer (Semi-Trailer) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Schmitz Cargobull, Krone, Kogel, WIELTON, CIMC

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Semitrailer (Semi-Trailer) market size was valued at USD 19.73 billion in 2021 and is expected to register a phenomenal CAGR of 5.8% during the review period (2022 to 2027).

Semitrailer (Semi-Trailer) Market Overview

Road transportation is a widely utilized mode of transportation of goods because of wide inland connectivity in several regions and the cost advantages it offers over other modes of transportation. Increasing manufacturing activities, urbanization, need for effective transportation, and widening of the rural area road networks are major factors fueling the growth.In the semi-trailer market, four key trends are new logistics, electrification/alternative drives, autonomous trucks, and digitalization. Understanding the key trends in the market, various key players have started investing in the development of innovative technologies to be embedded in semi-trailers. In the upcoming years, the adoption rate of semi-trailers will be tremendous. The ageing of conventional trailers is offering progress opportunities to the semi-trailers market. The large formatting retailing is another factor that provides extra demand for the semi-trailer market. Semi-trailers are suitable vehicles for massive goods transportation. The rise of demand in the transportation industry will have a positive impact on the semi-trailer market. Some semi-trailers are 45 feet and with more than 4 axles. The launch of innovative semi-trailers is the key reason for market growth. Also, the semi-trailer market value is tremendous in the forecast period.The semi-trailer is a freight vehicle without a front axle. In a semi-trailer, a big portion is supported by a tractor unit or detachable front axle, and the other portion is semi-supported by its own wheels.

Recent Development

Krone proclaims electric trailer partnership - Aachen-based innovator, Trailer Dynamics, and Krone have partnered to develop an electrified trailer ready for series production. The prototype eMEGA Liner vehicle is anticipated to decrease diesel and C02 emissions of diesel semi-trailers and increase the range of BEV semi-trailers. It debuted at the Krone Executive Logistics Summit at the Krone Future Lab in Lingen at the end of September.

In July 2019, Kogel launched its Asphalt tipper trailers line. These trailers offer assistance in transporting bulk solids. They are made of reinforced steel and known for low maintenance costs, efficient handling, and practical control elements. These tippers can carry the maximum payload of all types of bulk solids

What are the major Applications, Types and Regions for Semitrailer (Semi-Trailer) Market?

By Type, it is segmented into

• Flatbed Semitrailer


• Lowboy Semitrailer


• Dry Van Semitrailer


• Refrigerated Semitrailer


• Others

By Applications, it is segmented into

• Logistics


• Chemical


• Food


• Cement


• Oil and Gas


• Others

Semitrailer (Semi-Trailer) Market Regional Analysis

All these factors greatly affect the Semitrailer (Semi-Trailer) market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

Asia-Pacific is Anticipated to be Govern Market Over the Forecast Period - Asia-Pacific is the major market for semi-trailers, and it is anticipated to grow at the fastest pace beyond 2020, followed by North America. The growth is mainly influenced by the surge in construction activities, increasing investments in infrastructure and inland transportation, and persistently rising demand from the logistics sector.

What is our Semitrailer (Semi-Trailer) Market report scope?

Key Takeaways from this Semitrailer (Semi-Trailer) Report

• Evaluate Semitrailer (Semi-Trailer) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Semitrailer (Semi-Trailer) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Semitrailer (Semi-Trailer) Market is studied from 2017 - 2027.

 What is the growth rate of Semitrailer (Semi-Trailer) Market?

The Semitrailer (Semi-Trailer) Market is growing at a CAGR of 5.8% over the next 5 years.

What regions does this Semitrailer (Semi-Trailer) Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.