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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Semi-Trailer Market Size
The global semi-trailer market is expected to grow at a CAGR of 5.6% during the forecast period of 2024-2032.
Rising Use of Road Transportation for Cargo Movement is Propelling the Market Growth of Semi-Trailers
The growth in the global market for semi-trailers can be associated with the rise and development of the logistics sector for several applications in the recent years. A vast majority of products from the food and beverage, construction, and automotive, among other industries, use road and trailer transportation for the movement of their products owing to flexibility and versatility, making semi-trailer trucks one of the most popular types of trucks used in logistics. This is a significant factor stimulating the growth of the market.
Semi-Trailer Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global semi-trailer market is projected to grow at a CAGR of 5.6% in the forecast period of 2024-2032.
The market is being driven by the rising preference for home delivered food products, the boom of e-commerce, and the availability of different types of semi-trailers for different products.
The market is anticipated to be determined by the rising use of refrigerated semi-trailers for the delivery of perishable products.
The major regional markets for semi-trailer are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different types of semi-trailers are flat bed, dry vans, refrigerated, lowboy, and tankers, among others.
The major foot lengths of semi-trailers are up to 45 foot, and above 45 foot.
The various tonnages of semi-trailers are below 25 ton, 25-50 ton, 51-100 ton, and above 100 ton.
The significant end-uses of semi-trailer are automotive, chemical, FMCG, healthcare, heavy industry, logistics, and oil and gas, among others.
The major players in the industry are East Manufacturing Corporation, Hyundai Translead, Inc., Schmitz Cargobull AG, Wabash National Corporation, Great Dane LLC, and Kögel Trailer GmbH & Co., among others.
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