Semi-Trailer Market 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 - Global Forecast to 2025
[236 Pages Report] The global semi-trailer market size is projected to grow from USD 29.5 billion in 2020 to USD 41.2 billion by 2025, at a CAGR of 5.6%. 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 semi-trailer market.
North America is projected to be the largest semi-trailer market, in terms of value, during the forecast period. Presence of large trucking industry and a consistently growing retail sector are projected to drive the market growth in this region. Asia Pacific is expected to grow at the fastest CAGR in the semi-trailer market. Growth of Asia Pacific is driven by China, and India. The countries are among the fastest growing economies of the world and comprise large logistics and supply chain networks.
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COVID-19 Impact on Semi-trailer Market:
COVID-19 has had a significant impact on the semi-trailer market. Both the production and sales of new semi-trailers came to a halt across the globe as the whole ecosystem got disrupted. OEMs had to wait until lockdowns were lifted to resume production, which affected their business. Post the pandemic, the demand for new semi-trailers is expected to show an increase as economies are recovering steadily. Nevertheless, another wave of COVID-19 due to newer strains may hamper the recovery in some countries. Subsequently, semi-trailer manufacturers would need to adjust the production volume based on the COVID-19 scenario across different countries. In addition, component manufacturing too was suspended, and small Tier II and Tier III manufacturers are facing face liquidity issues. Thus, production suspension during the outbreak and lower demand post the pandemic might have an unprecedented impact on semi-trailer providers.
Similar to most of the companies across different industry verticals, semi-trailer manufacturers suffered from the outbreak as well. For instance, Schmitz Cargobull, one of the prominent manufacturers of semi-trailers in Europe, witnessed a decrease of 27.4% for units produced in 2019-2020. The reduced hours of production have affected the overall production rate of the company, resulting in losses in that quarter. According to MarketsandMarkets analysis, the global production of semi-trailers in 2020 observed a 15.7% decline. Asia Pacific countries, such as China and India, which account for a large share of the global semi-trailer production, are estimated to have observed a decline of 5.6% and 15.4%, respectively, in 2020 as compared to 2019.
The semi-trailer market is also estimated to observe a decline post-COVID-19 due to the impact on end-use industries. However, a steady recovery post-2020 of the end-use industries will support the growth of this market in the coming years.
Driver: Expanding cold chain industry
According to the United Nation’s Food and Agriculture Organization (FAO), up to 40% of food produced in the developing world is wasted before it reaches the market because of lack of temperature-controlled transportation. This inevitably means that a number of resources used in food production are used in vain. However, a study has shown that expansion in cold chain will help save around 15–20% of food wastage. The economic strengthening of the middle-class has increased the demand for various cold chain goods such as fruit, dairy products, vegetables, fish, poultry, fresh flowers, and a wide range of pharmaceutical products. Moreover, increasing disposable income in emerging markets has allowed consumers to spend more on prime quality, organic, and fresh products. The combination of higher disposable income and the general push for fresh, healthier products and increasing number of quick service restaurants (QSRs) is impacting every aspect of the cold chain industry. Retailers expect higher demand for cold chain products from their upstream partners.
The top 25 warehousing companies account for 15% of the world’s cold storage capacity. The technology for transporting such products in an uninterrupted cold chain includes refrigerated container trailers, also known as reefers. A key driver for the growth of the cold chain industry in recent years is the growth in large-format supermarket retailing.
India is the world’s second largest producer of fruit and vegetables. In the Indian farm to fork system, a lot of food is wasted due to lack of food storage and transportation infrastructure. This has been realized by the Government of India as well as several stakeholders, which are now focusing on expanding the cold chain industry infrastructure. In September 2020, the Ministry of Food Processing Industries (MOFPI) approved 27 cold chain projects that cost around USD 100 million. According to a survey by the Global Cold Chain Alliance (GCCA), the total global refrigerated capacity stood at 719 million cubic meters in 2020, an increase of 16.7% from the capacity reported in 2018. Its growth will be helped by the shift of the cold chain industry in emerging countries such as Brazil, China, India, and Mexico. The expanding global cold chain industry is fueling the refrigerated trailer market.
COVID-19 has disrupted supply chains around the world and this has also affected the semi-trailer market and will have a short-term effect on the market. But the market has also been a vital lifeline to support the response, keeping essential medical supplies, food, and other key necessities flowing where they are needed the most. Therefore, the semi-trailer market will again gain momentum and show prominent growth over the estimated period.
Restraint: Local players in unorganized sector
The semi-trailer market comprises a few established market players and many local players in the unorganized sector. In the North American region, the market is dominated by the top three players, which accounted for almost half of the trailers produced in 2019. A similar market trend has been observed in Europe. However, in emerging economies, such as India, almost 80% of the market is occupied by small unorganized players with localized production activities. This market poses a severe threat to the established global players as it reduces the competitiveness of cost-sensitive markets. Cheaper and lower quality products from the unorganized sector may lead to pricing pressure for established OEMs and lower their profitability. This scenario also affects global expansion of OEMs in emerging markets, where the unorganized sector is thriving and is more likely to affect product segments with little differentiation. Moreover, the rising initial cost of equipment is compelling fleet operators to delay the purchase of new trailers.
Opportunity: Semi-trailer platooning
Semi-trailer platooning would transform the transportation industry significantly in the coming years. Semi-trailer platooning is connecting of two or more semi-trailers in a convoy using connectivity technologies and driving support systems to establish a platoon of semi-trailers. The semi-trailer in the front acts as a leader and the other semi-trailers react and adapt to the changes by the leader semi-trailer. With the help of platooning, semi-trailers are driven closer together at a constant speed, which helps reduce fuel consumption and CO2 emissions. If the leader semi-trailer’s collision avoidance system activates its brakes, the following semi-trailers will do the same. Recognizing the benefits, the vehicle industry and startups have been active in platooning to date, with the likes of Daimler, Volvo, MAN, and Scania deploying on-road prototypes. Right up until 2019, the appetite for platooning seemed strong following successful real-world trials with MAN in partnership with DB Schenker and Fresnius University of Applied Sciences in Germany. This trial concluded that platooning is not only possible but safe and technically and easily applicable in the routine of a logistics company. Successful commercialization of truck platooning will also open the door for the development of semi-trailer platooning technologies. Semi-trailers are clunky monsters that have the worst wind resistance among the vehicle family. Innovations have resulted in reduction of aerodynamics impact by adding various fuel saving devices such as front faring, side skirting, and gap filling. This has helped cut down the aerodynamic drag up to around 26%. With semi-trailer platooning, the improvement of aerodynamics can go even further—a semi-trailer truck that follows the lead vehicle at the desired distance can consume up to 15% less fuel. With the development of autonomous vehicle technologies, semi-trailer trucks can be self-driven, which can create a fantastic opportunity for semi-trailer platooning in the future.
Challenge: Lightweight semi-trailers
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, aluminum, 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.
Dry van semi-trailers segment is expected to be the fastest growing segment during the forecast period
Dry van semi-trailers are mainly used in logistics of goods that need nominal protection against climatic and road conditions. These trailers are used by LTL and FTL fleet operators for their operations due to their versatility and cost-efficiency. The dry van segment is estimated to account for the largest share of the semi-trailer market, following its wide applications in multiple industries.
North America market is projected to hold the largest share, in terms of value, by 2025
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 2020, 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.
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Key Market Players
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.
Scope of the Report
|
Report Metric |
Details |
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Market size available for years |
2016–2025 |
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Base year considered |
2020 |
|
Forecast period |
2021-2025 |
|
Forecast Market Size |
Volume (Units) and Value (USD Million) |
|
Segments covered |
Semi-Trailer Market 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 |
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Geographies covered |
Asia Pacific, Europe, North America and RoW |
|
Companies Covered |
China International Marine Containers (China), Wabash National (US), Schmitz Cargobull AG (Germany), Utility Trailer Manufacturing Company (US), and Fahrzeugwerk Bernard Krone (Germany) and others |
This research report categorizes the semi-trailer market based on type, number of axles, tonnage, length, end-use and region
By Type
- Flatbed
- Lowboy
- Dry Van
- Refrigerated
- Tankers
- Others
By Length
- Up to 45 Feet
- Above 45 Feet
By Tonnage
- Below 25 T
- 25 T-50 T
- 51 T-100 T
- Above 100 T
By Number of Axles
- <3 axles
- 3-4 axles
- 4 axles
By End-Use
- Heavy Industry
- FMCG
- Chemical
- Automotive
- Oil & Gas
- Healthcare
- Logistics,
- Others
By Region
- North America
- Asia Pacific
- Europe
- RoW
Recent Developments
- In April 2020, Shenzhen CIMC Special Vehicle Co. Ltd signed a contract with Guangzhou Baiyun Jiangji Carriage Factory. As per the agreement, Shenzhen CIMC will supply 15 chassis frames to Jianji Carriage. The “Voyage Series” that provides modular design with high strength would be provided to Jianji Carriage
- In July 2020, Wabash National, along with eNow and Carrier Transicold 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 run time on a battery setup
- In October 2020, Schmitz Cargobull and Krone entered into a collaboration to achieve the use of telematics for trailers. This collaboration will result in uncomplicated and convenient solutions for accessing the data provided for all vehicles via individual access with just one click regardless of the telematics hardware installed and the telematics portal used
- In September 2020, Schmitz Cargobull announced to make trailer telematics a standard feature throughout its entire product range. This led to optimum control over an interconnected, integrated logistics chain and helped increase trailer usage and achieve greater efficiency
- In February 2020, Schwarzmuller acquired leading German brand Huffermann Transportsysteme GmbH, a manufacturer of container trailers. The acquisition is a win-win for both the companies, as Huffermann is getting the best option for sustainable growth and position itself for the long term. The Schwarzmuller Group is getting an opportunity to further increase its share in the German market
- In October 2019, Great Dane introduced its smart trailer telematics systems. The new system provides high resolution view into the conditions of the trailer’s components, and pairs information with other proprietary information on the asset, including things like specifications, aftermarket parts numbers, and tools from all of the component suppliers that help drive down maintenance cost
- 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
Frequently Asked Questions (FAQ):
What is the current size of the global semi-trailer market?
The global semi-trailer market is estimated to be USD 29.5 billion in 2020 and projected to reach USD 41.2 billion by 2025, at a CAGR of 5.6%
Who are the STARS in the semi-trailer market?
China International Marine Containers, Wabash National, Schmitz Cargobull AG, Great Dane, Utility Trailer Manufacturing Company and Fahrzeugwerk Bernard Krone are recognized as stars in the semi-trailer market. They have a strong portfolio of semi-trailers. These companies have been marking their presence in the semi-trailer market by offering advanced and innovative solutions, coupled with their robust business strategies, to achieve constant growth in the semi-trailer market. Moreover, these companies have a strong presence across the globe.
What is the Covid-19 impact on semi-trailer manufacturers?
The semi-trailer market is facing challenges because of the COVID-19 pandemic. It has resulted in a decline in demand and investments due to the effect on end-use industries such as oil & gas and textile. The semi-trailer market is struggling due to the abrupt halt in production. Suspension of production and focus on the health and safety of employees and workers has disrupted the supply chain of the semi-trailer market. A sudden impact on the economy, along with the restrictions on the movement of people and goods, has caused a substantial contraction in GDPs and economic output worldwide. Just like most of the companies in the global market, semi-trailer manufacturers suffered from the outbreak as well.
What are the new market trends impacting the growth of the semi-trailer market?
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.
Which countries are considered in the European region?
The report covers market sizing for countries such as Germany, France, Italy, Spain, UK and Poland. Additionally, qualitative insights were covered for countries such as Denmark, Belgium, the Netherlands, Turkey, Ukraine, Norway, Belarus, and Switzerland. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 21)
1.1 OBJECTIVES
1.2 PRODUCT DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
TABLE 1 INCLUSIONS & EXCLUSIONS: SEMI-TRAILER MARKET
1.3 MARKET SCOPE
FIGURE 1 SEMI-TRAILER MARKET: MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 25)
2.1 RESEARCH DATA
FIGURE 2 SEMI-TRAILER MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.3 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
2.1.3.1 List of primary participants
2.2 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
2.2.1 DEMAND-SIDE ANALYSIS
2.2.1.1 Growing logistics industry
2.2.1.2 Infrastructure: Road Network
2.2.2 SUPPLY-SIDE ANALYSIS
2.2.2.1 Technological advancements
2.3 MARKET ESTIMATION METHODOLOGY
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.3.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 MARKET SCOPE & ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 37)
3.1 INTRODUCTION
FIGURE 9 SEMI-TRAILER MARKET: MARKET DYNAMICS
FIGURE 10 SEMI-TRAILER MARKET, BY REGION, 2020–2025
FIGURE 11 SEMI-TRAILER MARKET, BY END-USE, 2020 VS. 2025
3.1.1 COVID-19 IMPACT ON SEMI-TRAILER MARKET, 2018–2025
4 PREMIUM INSIGHTS (Page No. - 41)
4.1 ATTRACTIVE OPPORTUNITIES IN THE SEMI-TRAILER MARKET
FIGURE 12 GROWING SUPPLY CHAIN AND LOGISTICS NETWORK TO DRIVE THE MARKET
4.2 SEMI-TRAILER MARKET, BY REGION
FIGURE 13 NORTH AMERICA PROJECTED TO BE THE LARGEST MARKET, BY VALUE
4.3 SEMI-TRAILER MARKET, BY END-USE
FIGURE 14 LOGISTICS SEGMENT TO BE THE LARGEST, 2020 VS. 2025 (USD MILLION)
4.4 SEMI-TRAILER MARKET, BY TYPE
FIGURE 15 DRY VAN SEGMENT EXPECTED TO BE THE LARGEST, 2020 VS. 2025 (USD MILLION)
4.5 SEMI-TRAILER MARKET, BY LENGTH
FIGURE 16 ABOVE 45 FEET SEGMENT PROJECTED TO BE THE LARGEST, 2020 VS. 2025 (USD MILLION)
4.6 SEMI-TRAILER MARKET, BY NUMBER OF AXLES
FIGURE 17 LESS THAN 3 AXLES SEGMENT PROJECTED TO BE THE LARGEST, 2020 VS. 2025 (USD MILLION)
4.7 SEMI-TRAILER MARKET, BY TONNAGE
FIGURE 18 BELOW 25 T SEGMENT PROJECTED TO BE THE LARGEST, 2020 VS. 2025 (USD MILLION)
5 MARKET OVERVIEW (Page No. - 45)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 SEMI-TRAILER: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Expanding cold chain industry
5.2.1.2 Growth of end-use industries
5.2.2 RESTRAINTS
5.2.2.1 Local players in unorganized sector
5.2.3 OPPORTUNITIES
5.2.3.1 Semi-trailer platooning
5.2.3.2 Increasing use of advanced technologies
5.2.3.3 Electric semi-trailers
5.2.4 CHALLENGES
5.2.4.1 Lowering TCO and maintenance cost
5.2.4.2 Lightweight semi-trailers
5.2.5 IMPACT OF MARKET DYNAMICS
FIGURE 20 SEMI-TRAILER MARKET: IMPACT OF MARKET DYNAMICS
5.3 MACRO INDICATOR ANALYSIS
5.3.1 INTRODUCTION
5.4 PORTER’S FIVE FORCES ANALYSIS
5.4.1 SEMI-TRAILER MARKET
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: SEMI-TRAILER MARKET
FIGURE 22 INTENSITY OF COMPETITIVE RIVALRY IN THE SEMI-TRAILER MARKET IS CONSIDERED MEDIUM
TABLE 2 PORTER’S FIVE FORCES ANALYSIS
5.4.1.1 Competitive rivalry
FIGURE 23 LARGE NUMBER OF PLAYERS IN THE MARKET LEADS TO A MEDIUM DEGREE OF COMPETITION IN THE SEMI-TRAILER MARKET
5.4.1.2 Threat of new entrants
FIGURE 24 DESIGN-SPECIFIC REQUIREMENT ALONG WITH REGULATORY NORMS MAKES NEW ENTRY FAIRLY DIFFICULT
5.4.1.3 Threat of substitutes
FIGURE 25 LACK OF SUBSTITUTES FOR SEMI-TRAILER MAKES THREAT OF SUBSTITUTES LOW
5.4.1.4 Bargaining power of suppliers
FIGURE 26 LARGE NUMBER OF SUPPLIERS MAKES THE BARGAINING POWER OF SUPPLIERS MEDIUM
5.4.1.5 Bargaining power of buyers
FIGURE 27 SPECIFIC BUYER REQUIREMENT AND LARGE NUMBER OF SUPPLIERS MAKES THE BARGAINING POWER OF BUYERS MEDIUM
5.5 SEMI-TRAILER MARKET ECOSYSTEM
FIGURE 28 SEMI-TRAILER MARKET: ECOSYSTEM ANALYSIS
5.6 SUPPLY CHAIN ANALYSIS
FIGURE 29 SUPPLY CHAIN ANALYSIS: SEMI-TRAILER MARKET
5.6.1 RAW MATERIAL SUPPLIER
5.6.2 COMPONENT SUPPLIERS
5.6.3 SEMI-TRAILER SUPPLIERS
5.6.4 END USERS
5.7 TRENDS IMPACTING CUSTOMER’S BUSINESS
FIGURE 30 TRENDS IMPACTING CUSTOMER’S BUSINESS IN SEMI-TRAILER MARKET
5.8 REGULATORY LANDSCAPE
FIGURE 31 SEMI-TRAILER FUEL SAVING TECHNOLOGIES
TABLE 3 POLICIES PROMOTING SEMI-TRAILER FUEL SAVING TECHNOLOGIES
5.8.1 STANDARD TRAILER LENGTHS IN NORTH AMERICA AND EUROPE
FIGURE 32 GLOBAL EMISSION LEGISLATION
5.9 PATENT ANALYSIS
TABLE 4 PATENT ANALYSIS: SEMI-TRAILER MARKET
5.10 CASE STUDY ANALYSIS
TABLE 5 CASE STUDY ANALYSIS: AUTOMOTIVE SEMI-TRAILER MARKET
5.11 TECHNOLOGY ANALYSIS
TABLE 6 TECHNOLOGY ANALYSIS: SEMI-TRAILER MARKET
5.12 AVERAGE SELLING PRICE TREND
TABLE 7 NORTH AMERICA: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD)
TABLE 8 ASIA PACIFIC: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD)
TABLE 9 EUROPE: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD)
TABLE 10 ROW: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD)
5.13 SEMI-TRAILER MARKET, SCENARIOS (2020–2025)
FIGURE 33 FUTURE TRENDS & SCENARIO: SEMI-TRAILER MARKET, 2020–2025 (THOUSAND UNITS)
5.13.1 MOST LIKELY SCENARIO
TABLE 11 SEMI-TRAILER MARKET (MOST LIKELY), BY REGION, 2018-2025 (‘000 UNITS)
5.13.2 OPTIMISTIC SCENARIO
TABLE 12 SEMI-TRAILER MARKET (OPTIMISTIC), BY REGION, 2018–2025 (‘000 UNITS)
5.13.3 PESSIMISTIC SCENARIO
TABLE 13 SEMI-TRAILER MARKET (PESSIMISTIC), BY REGION, 2018–2025 (‘000 UNITS)
6 SEMI-TRAILER MARKET, BY TYPE (Page No. - 67)
6.1 INTRODUCTION
6.1.1 ASSUMPTIONS FOR MARKET FORECASTING
6.1.2 RESEARCH METHODOLOGY FOR SEMI-TRAILER TYPE
6.1.3 OPINIONS FROM INDUSTRY EXPERTS
6.1.4 OPERATIONAL DATA
TABLE 14 TELEMATICS DATA AND POTENTIAL USE CASES
FIGURE 34 SEMI-TRAILER MARKET, BY TYPE, 2020 VS. 2025
TABLE 15 SEMI-TRAILER MARKET SIZE, BY TYPE, 2016–2019 (‘000 UNITS)
TABLE 16 SEMI-TRAILER MARKET SIZE, BY TYPE, 2020–2025 (‘000 UNITS)
TABLE 17 SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 18 SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
6.2 FLATBED
TABLE 19 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 20 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 21 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 22 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
6.3 LOWBOY
TABLE 23 LOWBOY: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 24 LOWBOY: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 25 LOWBOY: SEMI-TRAILER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 26 LOWBOY: SEMI-TRAILER MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
6.4 DRY VAN
TABLE 27 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 28 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 29 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 30 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
6.5 REFRIGERATED
TABLE 31 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 32 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 33 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 34 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
6.6 TANKER
TABLE 35 TANKER: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 36 TANKER: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 37 TANKER: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 38 TANKER: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
6.7 OTHERS
TABLE 39 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 40 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 41 OTHERS: SEMI-TRAILER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
TABLE 42 OTHERS: SEMI-TRAILER MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
7 SEMI-TRAILER MARKET, BY LENGTH (Page No. - 83)
7.1 INTRODUCTION
7.1.1 ASSUMPTIONS FOR MARKET FORECASTING
7.1.2 RESEARCH METHODOLOGY FOR LENGTH SEGMENT
7.1.3 OPINIONS FROM INDUSTRY EXPERTS
FIGURE 35 SEMI-TRAILER MARKET, BY LENGTH, 2020 VS. 2025 (USD MILLION)
TABLE 43 SEMI-TRAILER MARKET, BY LENGTH, 2016–2019 (‘000 UNITS)
TABLE 44 SEMI-TRAILER MARKET, BY LENGTH, 2020–2025 (‘000 UNITS)
TABLE 45 SEMI-TRAILER MARKET SIZE, BY LENGTH, 2016–2019 (USD MILLION)
TABLE 46 SEMI-TRAILER MARKET SIZE, BY LENGTH, 2020–2025 (USD MILLION)
7.2 UP TO 45 FEET
TABLE 47 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 48 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 49 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 50 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
7.3 ABOVE 45 FEET
TABLE 51 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 52 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 53 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 54 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
8 SEMI-TRAILER MARKET, BY TONNAGE (Page No. - 90)
8.1 INTRODUCTION
8.1.1 ASSUMPTIONS FOR MARKET FORECASTING
8.1.2 RESEARCH METHODOLOGY FOR TONNAGE TYPE SEGMENT
8.1.3 OPINIONS FROM INDUSTRY EXPERTS
FIGURE 36 SEMI-TRAILER MARKET, BY TONNAGE, 2020 VS. 2025 (USD MILLION)
TABLE 55 SEMI-TRAILER MARKET, BY TONNAGE, 2016–2019 (‘000 UNITS)
TABLE 56 SEMI-TRAILER MARKET, BY TONNAGE, 2020–2025 (‘000 UNITS)
TABLE 57 SEMI-TRAILER MARKET, BY TONNAGE, 2016–2019 (USD MILLION)
TABLE 58 SEMI-TRAILER MARKET, BY TONNAGE, 2020–2025 (USD MILLION)
8.2 BELOW 25 TON
TABLE 59 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 60 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 61 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 62 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
8.3 25–50 TON
TABLE 63 25–50 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 64 25–50 TON: SEMI-TRAILER MARKET SIZE, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 65 25–50 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 66 25–50 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
8.4 51–100 TON
TABLE 67 51–100 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 68 51–100 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 69 51–100 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 70 51–100 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
8.5 ABOVE 100 TON
TABLE 71 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 72 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 73 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 74 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
9 SEMI-TRAILER MARKET, BY NUMBER OF AXLES (Page No. - 101)
9.1 INTRODUCTION
9.1.1 ASSUMPTIONS FOR MARKET FORECASTING
9.1.2 RESEARCH METHODOLOGY FOR NUMBER OF AXLES SEGMENT
9.1.3 OPINIONS FROM INDUSTRY EXPERTS
FIGURE 37 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2020 VS. 2025 (USD MILLION)
TABLE 75 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2016–2019 (‘000 UNITS)
TABLE 76 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2020–2025 (‘000 UNITS)
TABLE 77 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2016–2019 (USD MILLION)
TABLE 78 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2020–2025 (USD MILLION)
9.2 <3 AXLES
TABLE 79 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 80 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 81 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 82 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
9.3 3–4 AXLES
TABLE 83 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 84 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 85 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 86 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
9.4 >4 AXLES
TABLE 87 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 88 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 89 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 90 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10 SEMI-TRAILER MARKET, BY END-USE (Page No. - 110)
10.1 INTRODUCTION
10.1.1 ASSUMPTIONS FOR MARKET FORECASTING
10.1.2 RESEARCH METHODOLOGY FOR END-USE SEGMENT
10.1.3 OPINIONS FROM INDUSTRY EXPERTS
TABLE 91 WEIGHT AND VALUE OF FREIGHT SHIPMENTS BY DOMESTIC MODE IN 2017 IN THE US
FIGURE 38 USE CASES AND NEW LOGISTICS BUSINESS MODELS
FIGURE 39 SEMI-TRAILER MARKET, BY END-USE, 2020 VS. 2025 (USD MILLION)
TABLE 92 SEMI-TRAILER MARKET, BY END-USE, 2016–2019 (‘000 UNITS)
TABLE 93 SEMI-TRAILER MARKET, BY END-USE, 2020–2025 (‘000 UNITS)
TABLE 94 SEMI-TRAILER MARKET, BY END-USE, 2016–2019 (USD MILLION)
TABLE 95 SEMI-TRAILER MARKET, BY END-USE, 2020–2025 (USD MILLION)
10.2 AUTOMOTIVE
TABLE 96 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 97 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 98 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 99 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10.3 CHEMICAL
TABLE 100 VARIOUS OF TANK TRAILERS FOR BULK LIQUID & CHEMICAL TRANSPORTATION
FIGURE 40 SALES OF CHEMICALS, BY REGION, 2018 (USD BILLION)
TABLE 101 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 102 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 103 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 104 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10.4 FMCG
FIGURE 41 VALUE CHAIN OF FMCG SECTOR
TABLE 105 FMCG: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 106 FMCG: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 107 FMCG: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 108 FMCG: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10.5 HEALTHCARE
TABLE 109 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 110 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 111 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 112 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10.6 HEAVY INDUSTRY
TABLE 113 TOP 10 COMPANIES IN MINING INDUSTRY
FIGURE 42 GOLD PRODUCTION IN 2019, BY COUNTRY (TONNES)
FIGURE 43 MINING PRODUCTION IN 2018, BY COUNTRY (MILLION METRIC TONNES)
FIGURE 44 CONSTRUCTION/MINING EQUIPMENT PRODUCTION (‘000 UNITS)
TABLE 114 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 115 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 116 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 117 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10.7 LOGISTICS
TABLE 118 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 119 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 120 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 121 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10.8 OIL & GAS
FIGURE 45 OIL CONSUMPTION, BY REGION, 2019 (TWH)
TABLE 122 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 123 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 124 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 125 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
10.9 OTHERS
FIGURE 46 PULP PRODUCTION, 2018 VS. 2019 (’000 TONNES)
TABLE 126 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 127 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 128 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 129 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
11 SEMI-TRAILER MARKET, BY REGION (Page No. - 137)
11.1 INTRODUCTION
11.1.1 ASSUMPTIONS FOR MARKET FORECASTING
11.1.2 RESEARCH METHODOLOGY FOR SEMI-TRAILER, BY REGION
11.1.3 OPINIONS FROM INDUSTRY EXPERTS
FIGURE 47 SEMI-TRAILER MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
TABLE 130 SEMI-TRAILER MARKET, BY REGION, 2016–2019 (‘000 UNITS)
TABLE 131 SEMI-TRAILER MARKET, BY REGION, 2020–2025 (‘000 UNITS)
TABLE 132 SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 133 SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION)
11.2 ASIA PACIFIC
TABLE 134 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS)
TABLE 135 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS)
TABLE 136 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 137 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
FIGURE 48 ASIA PACIFIC: SEMI-TRAILER MARKET SNAPSHOT
11.2.1 CHINA
11.2.1.1 Government infrastructure spending and improving real estate to drive the market
TABLE 138 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 139 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 140 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 141 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.2.2 INDIA
11.2.2.1 Expanding cold chain industry to drive the market
TABLE 142 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 143 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 144 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 145 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.2.3 JAPAN
11.2.3.1 Emphasis on adopting technologically advanced semi-trailers to drive the market
TABLE 146 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 147 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 148 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 149 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.2.4 SOUTH KOREA
11.2.4.1 Growth of export-based consumer electronics to drive the market
TABLE 150 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 151 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 152 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 153 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.2.5 REST OF ASIA PACIFIC
TABLE 154 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 155 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 156 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 157 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.3 NORTH AMERICA
TABLE 158 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS)
TABLE 159 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS)
TABLE 160 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 161 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
FIGURE 49 NORTH AMERICA: SEMI-TRAILER MARKET SNAPSHOT
11.3.1 US
11.3.1.1 Presence of strong healthcare industry to drive the market
TABLE 162 US: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 163 US: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 164 US: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 165 US: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.3.2 CANADA
11.3.2.1 Growing exports from US to drive the market
TABLE 166 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 167 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 168 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 169 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.3.3 MEXICO
11.3.3.1 Increasing number of US-based trailer manufacturers to drive the market
TABLE 170 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 171 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 172 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 173 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.4 EUROPE
FIGURE 50 EUROPE: SEMI-TRAILER MARKET, 2020 VS. 2025 (USD MILLION)
TABLE 174 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS)
TABLE 175 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS)
TABLE 176 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 177 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
11.4.1 GERMANY
11.4.1.1 Presence of largest semi-trailer manufacturers to drive the market
TABLE 178 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 179 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 180 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 181 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.4.2 UK
11.4.2.1 Demand for customized semi-trailers to drive the market
TABLE 182 UK: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 183 UK: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 184 UK: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 185 UK: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.4.3 FRANCE
11.4.3.1 Established food & beverage industry to drive the market
TABLE 186 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 187 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 188 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 189 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.4.4 SPAIN
11.4.4.1 Matured food processing and equipment industry to drive the market
TABLE 190 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 191 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 192 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 193 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.4.5 POLAND
11.4.5.1 Growing manufacturing industry to drive the market
TABLE 194 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 195 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 196 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 197 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.4.6 ITALY
11.4.6.1 Established transportation and logistics industries to drive the market
TABLE 198 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 199 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 200 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 201 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.4.7 REST OF EUROPE
TABLE 202 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 203 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 204 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 205 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.5 REST OF THE WORLD (ROW)
FIGURE 51 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, 2020 VS. 2025 (USD MILLION)
TABLE 206 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS)
TABLE 207 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS)
TABLE 208 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 209 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
11.5.1 BRAZIL
11.5.1.1 Promising logistics environment to drive the market
TABLE 210 BRAZIL: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 211 BRAZIL: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 212 BRAZIL: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 213 BRAZIL: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.5.2 RUSSIA
11.5.2.1 Growing domestic freight transportation to drive the market
TABLE 214 RUSSIA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 215 RUSSIA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 216 RUSSIA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 217 RUSSIA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
11.5.3 REST OF ROW
TABLE 218 REST OF ROW: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS)
TABLE 219 REST OF ROW: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS)
TABLE 220 REST OF ROW REST OF ROW: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION)
TABLE 221 REST OF ROW: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 183)
12.1 MARKET EVALUATION FRAMEWORK
FIGURE 52 MARKET EVALUATION FRAMEWORK
12.2 OVERVIEW
FIGURE 53 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE SEMI-TRAILER MARKET
12.3 MARKET SHARE ANALYSIS FOR SEMI-TRAILER MARKET
FIGURE 54 MARKET SHARE ANALYSIS, 2019
12.4 MARKET RANKING ANALYSIS FOR SEMI-TRAILER MARKET
FIGURE 55 MARKET RANKING ANALYSIS, 2019
12.5 COVID-19 IMPACT ON SEMI-TRAILER COMPANIES
12.6 COMPETITIVE SCENARIO
12.6.1 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ PARTNERSHIPS/AGREEMENTS
TABLE 222 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ PARTNERSHIPS/ AGREEMENTS, 2018–2020
12.6.2 NEW PRODUCT DEVELOPMENTS
TABLE 223 NEW PRODUCT DEVELOPMENTS, 2018–2020
12.6.3 MERGERS & ACQUISITIONS, 2017–2020
TABLE 224 MERGERS & ACQUISITIONS, 2017–2020
12.6.4 EXPANSIONS, 2017–2020
TABLE 225 EXPANSIONS, 2017–2020
12.7 COMPETITIVE LEADERSHIP MAPPING FOR SEMI-TRAILER MARKET
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE
12.7.4 EMERGING COMPANIES
FIGURE 56 SEMI-TRAILER MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
12.8 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 57 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SEMI-TRAILER MARKET
12.9 BUSINESS STRATEGY EXCELLENCE
FIGURE 58 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SEMI-TRAILER MARKET
12.10 SEMI-TRAILER TELEMATICS PROVIDER: COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 59 SEMI-TRAILER TELEMATICS PROVIDER, 2019
13 COMPANY PROFILES (Page No. - 197)
(Business Overview, Products & Services, Key Insights, Recent Developments, MnM View)*
13.1 CHINA INTERNATIONAL MARINE CONTAINERS
FIGURE 60 CHINA INTERNATIONAL MARINE CONTAINERS: COMPANY SNAPSHOT
TABLE 226 CIMC: SUPPLY CONTRACTS
TABLE 227 CIMC: AGREEMENTS
TABLE 228 CIMC: JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS
13.2 WABASH NATIONAL
FIGURE 61 WABASH NATIONAL: COMPANY SNAPSHOT
TABLE 229 WABASH NATIONAL: NEW PRODUCT LAUNCHES
TABLE 230 WABASH NATIONAL: JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS/ACQUISITIONS
13.3 SCHMITZ CARGOBULL
FIGURE 62 SCHMITZ CARGOBULL: COMPANY SNAPSHOT
TABLE 231 SCHMITZ CARGOBULL: NEW PRODUCT LAUNCHES
TABLE 232 SCHMITZ CARGOBULL: EXPANSIONS
TABLE 233 SCHMITZ CARGOBULL: SUPPLY CONTRACTS
TABLE 234 SCHMITZ CARGOBULL: JOINT VENTURE/PARTNERSHIP/COLLABORATION
TABLE 235 SCHMITZ CARGOBULL: MERGER & ACQUISITION
13.4 GREAT DANE
TABLE 236 GREAT DANE: NEW PRODUCT LAUNCHES
TABLE 237 GREAT DANE: EXPANSIONS
TABLE 238 GREAT DANE: JOINT VENTURE/PARTNERSHIP/COLLABORATION
13.5 UTILITY TRAILER MANUFACTURING COMPANY
TABLE 239 UTILITY TRAILER MANUFACTURING: NEW PRODUCT LAUNCHES
TABLE 240 UTILITY TRAILER MANUFACTURING: EXPANSIONS
13.6 FAHRZEUGWERK BERNARD KRONE
FIGURE 63 FAHRZEUGWERK BERNARD: COMPANY SNAPSHOT
TABLE 241 FAHRZEUGWERK BERNARD KRONE: EXPANSIONS
TABLE 242 FAHRZEUGWERK BERNARD KRONE: SUPPLY CONTRACTS
TABLE 243 FAHRZEUGWERK BERNARD KRONE: JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS
13.7 KÖGEL TRAILER
TABLE 244 KOGEL TRAILER: NEW PRODUCT LAUNCHES
TABLE 245 KOGEL TRAILER: EXPANSIONS
13.8 HYUNDAI TRANSLEAD
TABLE 246 HYUNDAI TRANSLEAD: EXPANSIONS
13.9 LAMBERET
TABLE 247 LAMBERET: EXPANSIONS
13.10 WILHELM SCHWARZMUËLLER
FIGURE 64 WILHELM SCHWARZMUËLLER: COMPANY SNAPSHOT
TABLE 248 WILHELM SCHWARZMUËLLER: NEW PRODUCT LAUNCHES
TABLE 249 WILHELM SCHWARZMUËLLER: MERGERS & ACQUISITIONS
13.11 STOUGHTON TRAILERS, LLC
13.12 FELLING TRAILERS
13.13 KENTUCKY TRAILERS
13.14 PITTS TRAILERS
13.15 PREMIER TRAILERS
13.16 WIELTON SA
13.17 SDC TRAILERS LTD.
13.18 DENNISON TRAILERS LTD
13.19 KASSBOHRER
13.20 VAN HOOL
13.21 MONTRACON
13.22 RAC GERMANY
13.23 SATRAC
13.24 VAZRON
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 229)
14.1 KEY INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the semi-trailer market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example International Council on Clean Transportation (ICCT), CLCCR International Association of the Body and Trailer Building Industry, global trailer magazines, corporate filings such as annual reports, investor presentations, and financial statements; and trade, business, and other semi-trailer manufacturers & associations] have been used to identify and collect information useful for an extensive commercial study of the semi-trailer market.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across major regions, namely, Asia Pacific, Europe, North America and Rest of world (RoW). Approximately 23% and 77% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.
After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.
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Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the size of the global semi-trailer market and other dependent submarkets, as mentioned below:
- Key players in the global semi-trailer market were identified through secondary research, and their global market shares were determined through primary and secondary research.
- The research methodology included the study of the annual and quarterly financial reports & regulatory filings of major market players as well as interviews with industry experts for detailed market insights.
- All major penetration rates, percentage shares, splits, and breakdowns for the global semi-trailer market was determined by using secondary sources and verified through primary sources.
- All key macro-indicators affecting the revenue growth of the market segments and sub-segments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
- The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the semi-trailer market in terms of value (USD million) and volume (units)
- To define, describe, and forecast the semi-trailer market based on type, length, tonnage, number of axles, end-use industry, and region
- To segment and forecast the market size by type (flatbed, lowboy, dry van, refrigerated, tankers, and others)
- To segment and forecast the market size by length (Up to 45 Feet and Above 45 Feet)
- To segment and forecast the market size by tonnage (below 25 T, 25 T-50 T, 51 T-100 T, and above 100 T)
- To segment and forecast the market size by number of axles (<3 axles, 3-4 axles, and >4 axles)
- To segment and forecast the market size by end-use (heavy industry, FMCG, chemical, automotive, oil & gas, healthcare, logistics, and others)
- To segment and forecast the market size, by region (Asia Pacific, Europe, North America, and RoW)
- To understand the dynamics (drivers, restraints, opportunities, and challenges) of the semi-trailer market
- To analyze the ranking of key players operating in the semi-trailer market
- To understand the dynamics of competitors in the semi-trailer market and distinguish them into star, emerging leaders, pervasive, and participants according to their product portfolio strength and business strategies
- To analyze recent developments, joint ventures, mergers & acquisitions, supply contracts, new product launches, collaborations, and other activities carried out by key industry players in the semi-trailer market
- To analyze opportunities for stakeholders and the competitive landscape for market leaders
- To analyze the impact of COVID-19 on the overall semi-trailer market
- To strategically profile key players and comprehensively analyze their market share and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations in line with company-specific needs.
- Semi-Trailer Market, By Number of Axles, at the country-level (For countries covered in the report)
- Semi-Trailer Market, By End-Use, at the country-level (For countries covered in the report)
Company Information
- Profiling of Additional Market Players (Up to 5)
Get in-depth analysis of the COVID-19 impact on the Semi-Trailer Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Semi-Trailer Market
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Growth opportunities and latent adjacency in Semi-Trailer Market