The global semi-trailer market was valued at USD 29.5 billion in and is projected to reach USD 41.2 billion by , growing at a CAGR of 5.6% during the forecast period. Road transportation is a widely utilized mode of transportation of goods because of wide inland connectivity in many 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 of the market. Semi-trailer market refers to the market for semi-trailers, which are substantial, multiple-wheeled trailer units intended to be fastened to a tractor unit and utilised for long-distance transportation of commodities and goods. Semi-trailers are frequently utilised in many different sectors, such as transportation, logistics, building, and agriculture.
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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. For instance, in October , Great Dane and Cortex entered a technological partnership surrounding the Fleet Pulse smart trailer solution. Together they aim to achieve solutions for refrigerated fleets as a seamless, single source of data from the combination of data from the combined trailer and reefer unit and eliminate the annoyance of multiple subscriptions. Similarly, in September , Great Dane and Aurora Parts & Accessories, LLC entered a partnership to provide intelligent solutions to the goods mobility industry with Aurora&#;s aftermarket operational expertise, distribution services, and cutting-edge digital platforms. Further, companies are focusing on creating differentiating factors, price competitiveness, and technical capabilities. Currently, the largest share of value in a standard semi-trailer lies in chassis and structural elements; however, in coming years a clear shift toward connectivity systems is expected. A variety of factors influence the market, including economic conditions, fuel prices, regulations, and technological advancements. The market is expected to expand in the coming years, owing to rising demand for efficient and cost-effective transportation solutions, as well as the increasing popularity of online shopping and home delivery.
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Despite the adverse effects of the COVID-19 pandemic, most OEMs restarted vehicle production in May . For instance, Volkswagen, Nissan, Hyundai, and Honda reopened their plants in China; FCA, Honda, and Toyota restarted production in the US. Production in Europe has also resumed, to a limited extent. Considering these factors, global vehicle production is expected to grow at a CAGR of 3.3% from to . This growth in vehicle production will lead to a directly proportional increase in the demand for semi-trailer for the transportation of vehicles.
Fast Moving Consumer Goods (FMCG) is one of the largest industries in the world in terms of revenue generation. The products have a short shelf life as they include perishable products such as meat, dairy products, fruit and vegetables, and baked goods, and these products have high consumer demand. The products are bought frequently, are consumed rapidly, are generally priced low, and are sold in large quantities. The FMCG industry can be segmented into personal care and food & beverage industries. Key drivers of the FMCG industry are rising income, growing population, brand consciousness, favourable policies, and digitalization of the purchasing process. In the FMCG sector, along with the changes in consumer demands, there has been shifts in the logistics of FMCG products. All this is supporting the growth of technologically advanced semi-trailer in the FMCG industry.
In the last decade, the automotive sector witnessed a scientific innovation, which has brought a paradigm shift from a gas engine vehicle to an electric vehicle. Automotive manufacturers, such as Tesla, General Motors, Volkswagen, BMW, Ford, Toyota, Kia Motors, and Daimler, have launched an electric car in the past decade. Electric semi-trailers can create a fantastic opportunity for OEMs and semi-trailer manufacturers soon. The innovation was earlier limited to passenger cars only. However, continuous efforts and curiosity have resulted in production of electric semi-trailers. In November , DHL forged ahead with its emissions reduction and climate protection goals with the launch of four BYD Class 8 battery-electric semi-trailer trucks in the US. The semi-trailer truck allows the driver to stand as the steering wheel is placed in the centre with a touchscreen panel on both sides of the driver. Moreover, in November , DHL expanded its green fleet with launch of electric tractor-trailer vehicles in the US. Electric semi-trailers can create a tremendous opportunity for environment-friendly transportation.
In road haulage, the empty weight of a vehicle is a significant contributor to fuel consumption, resulting in CO2 emissions. Nowadays, the primary customer requirements for new urban articulated trailers are reduced weight, interchangeable bodies, and cost competitiveness. The application of lightweight materials in design needs to be explored to reduce the carbon footprint of road freight vehicles. There are a few regulations that determine the structural design of a typical road freight semi-trailer, providing large scope for innovation in design. When coupled with fuel-saving components, such as skirts and modern technologies, the overall fuel consumption and emissions from the vehicle can be reduced. OEMs have thus started introducing new models made from lightweight materials such as composites, aluminium, and high-strength steel. A major part of the dry van market in the US has shifted away from heavier sheet-and-post designs to composite models, which is also allowing fleets to extend lifecycles from 8&#;10 years to the range of 13&#;15 years. Lowering the overall weight of the trailer with strong materials is a challenge for OEMs and fleet operators for cost-saving and emission control.
By tonnage, the semi-trailer market is divided into four categories: below 25 T, 25-50 T, and 51-100 T, and above 100 t. The below 25 T segment dominates the market as most semi-trailers used for transportation such as dry vans, refrigerated semi-trailers, and tankers come under this category. Below 25 T semi-trailers are in high demand due to the lower cost of transportation than other categories along with a considerable amount of freight. In addition, the below 25 T category complies with legally permissible limits across most countries. Thus, the below 25 T segment is expected to continue dominating the market over the estimated period. The segment is followed by the 25-50 T segment, which are lowboy and flatbed semi-trailers.
The North American Free Trade Agreement (NAFTA), which allows free trade between the US, Canada, and Mexico, would lead to increased fleet operations in the region. This is expected to create a push in freight transportation because of increased business activities and consumer spending. Wabash, Hyundai Translead, Great Dane, and Utility Trailer are the key players operating in the North American semi-trailer market. These players are focusing on collaborations to launch technologically advanced semi-trailers. For instance, in , Wabash National, along with eNow and Carrier Transicold&#;s all-electric refrigeration technologies, signed a partnership that offers thermally efficient, ecofriendly refrigerated hauling. The large gain in thermal efficiencies allows the customer to downsize the batteries required to haul cargo and increase the runtime on a battery setup. The North American semi trailer market is currently in its replacement cycle, with an aging semi-trailer population that needs to be replaced with technologically advanced semi-trailers. As a result, the North American semi trailer market is estimated to dominate the market, in terms of value, during the forecast period.
Asia Pacific is expected to emerge as the most promising market for construction and projected to continue the trend during the coming years as well. Continuously increasing infrastructure activities coupled with supportive investments from domestic and foreign investors are factors leading to the growth of the Asia Pacific semi-trailer market. The region has experienced growth in terms of the number of dams, airports, and hydroelectric projects. Some of the major projects driving the construction equipment market are Songdo International Business district in South Korea, China-Pakistan Economic Corridor, and Clark Green City in the Philippines. These Megaprojects have led to an increase in demand for semi-trailers for the transportation of heavy machinery, thereby driving the market during the forecast period.
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The key players considered in the analysis of the semi-trailer market are China International Marine Containers (China), Wabash National (US), Schmitz Cargobull AG (Germany), Utility Trailer Manufacturing Company (US), and Fahrzeugwerk Bernard Krone (Germany). These companies offer extensive products and solutions for the semi-trailer industry and have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.
Report Attributes
Details
Market size:
USD 29.5 billion in to USD 41.2 billion by
Growth Rate:
5.6%
Largest Market:
North America
Market Dynamics:
Drivers, Restraints, Opportunities & Challenges
Forecast Period:
-
Forecast Units:
Value (USD Billion)
Report Coverage:
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered:
by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers and Others), Number of Axles (<3 Axles, 3-4 Axles, and >4 Axles), Tonnage (Below 25T, 25T-50T, 51T-100T, and Above 100T), Length, End-Use and Region
Geographies Covered:
North America, Europe, Asia Pacific, and Rest of the World
Report Highlights:
New and improved representation of financial information, Company Evaluation Quadrant, etc.
Key Market Opportunities:
Electric semi-trailers
Key Market Drivers:
Growth in end-use industries such as FMCG and Automotive
This research report categorizes the semi-trailer market based on type, number of axles, tonnage, length, end-use and region
The semi-trailer market was valued at over $29.5 billion in , and it is expected to reach a value of $41.2 billion by , registering a CAGR of over 5.6% during the forecast period
The global market is projected to reach USD 41.2 billion by , growing at a CAGR of 5.6%, during the forecast period
One of the growing market trends is the use of advanced technologies such as telematics, autonomous driving, and stability control. Thus, increasing opportunities exist for telematics vendors to provide solutions and services with end-to-end asset visibility.
The report covers market sizing for countries such as Germany, France, Italy, Spain, and UK.
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Product Description
Flatbed Semi Trailer
use:
Flatbed semi trailer is suitable for long and strong cargo, such as steel, wood and large containers, etc.
Flatbed semi trailers can also be used to transport special-shaped goods, such as machinery and equipment, construction materials, etc.
Features:
The flatbed semi trailer does not have any fences or wall panels, so it can easily add and unload items without restriction, which is more flexible.
The flat floor of the flatbed semi trailer makes it easy for the goods to go up and down, and also makes the distribution of the goods more even when the load is heavy, which is conducive to improving safety.
The flatbed semi trailer has a strong carrying capacity and can carry a large amount of goods.
Advantage:
The barrier-free platform design and flexible transportation mode of the flatbed semi-trailer make the loading and unloading efficiency high, which can significantly reduce the loading and unloading time and cost.
The flatbed semi trailer has a simple structure and is easy to maintain and repair, so it has a long service life.
The flatbed semi trailer can be customized according to the size and shape of the cargo to meet different transportation needs.
Product Display
Product Parameters
Model
Flatbed semi trailer
Skeleton semi trailer
Fence semi trailer
Stake semi trailer
Low-bed semi trailer
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Tank semi trailer
Dump semi trailer
Dimension
**
**
**
Payload
30T 40T 50T
Axle
3axles/4axles/5axles
Tire
295/80R22.5
11R22.5
12R22.5
385/65R22.5
315/80R22.5
Tire brand
Red rock
Hong qi
Great wall
Long march
Others
Main beam
500mm high strength steel
700mm high strength steel
Suspension
Air suspension
Mechanical suspension
Hydraulic system
HYVA/Made in china
kingpin
90#,exchangeable
Landing gear
12T-18T
Electrical system
24V,LED lamp
Tool box
1set
Color
White/Blue/Red/Yellow/and others
Spare tire carrier
2 sets
Detailed Photos
Factory real shot
Packaging & Shipping
Our Advantages
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