Semi-Trailer Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers), Tonnage (Below 25T, 25T-50T, 51T-100T, and Above 100T), Number of Axles (<3 Axles, 3-4 Axles, and >4 Axles), and Region - Global Forecast to 2025
[136 Pages Report] The Global Semi-Trailer Market was valued at USD 24.49 Billion in 2016 and is projected to grow at a CAGR of 4.98% from 2017 to reach USD 37.34 Billion by 2025. In this study, 2016 has been considered the base year and 20172025 the forecast period for estimating the size of the global semi-trailer market.
Selected Market Dynamics in Semi-Trailer Market
Increasing use of advanced technologies to boost the demand for semi trailer
The installation of technically advanced devices such as temperature recorder with built-in GSM modem and remote temperature monitoring is benefiting refrigerated trailer owners and managers in real-time monitoring of the trailer. Temperature recorder with built-in GSM modem records temperature differences inside the reefer and provides a record of temperature difference pattern to trailer or fleet owners. On the other hand, a remote temperature monitoring system helps to control the temperature inside the reefer with the help of desktops or mobile devices situated far away from the location of reefer. These two modern technologies will help refrigerated trailer owners to improve their business by planning their operations strategically.
OEMs have developed components such as side skirts and drag reduction systems to reduce air resistance, improving fuel efficiency by up to 5%. For refrigerated semi-trailers, OEMs have increased thermal insulation efficiency to reduce energy usage. These advancements enable fleet operators to optimize operating costs and reduce harmful emissions from fuel consumption. Along with these technologies, fleet operators are also utilizing services such as telematics to control costs and optimize operations. Telematics provides vital real-time information about the position and status of the cargo and the semi-trailer. This information helps operators to maintain transparency in the supply chain and continuously monitor their assets. These services help in planning routes accurately and eliminate unnecessary miles traveled, therefore reducing fuel consumption. In 2016, fuel costs accounted for approximately 30% of the operating costs for fleet operators. OEMs are focusing on adopting modern technologies, improving the design, and using drag reduction components in new models. In addition, OEMs are also employing better manufacturing processes. Schmitz Cargobull AG (Germany), for instance, started utilizing a cold rolling manufacturing process for its products.
The market is also expected to benefit from the rise in the average age of the current semi-trailer fleet. Given the lack of orders and a drop in the production activity during the economic recession, many fleet operators have started replacing older semi-trailers. The cyclical nature of the industry is currently in a stage of high-growth as these vehicles are either being replaced or added for fleet expansion.
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 2016. 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 the 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.
The report analyzes and forecasts the size, by value (USD million), of the market. The report segments the global market and forecasts its size by region, semi-trailer type, tonnage and number of axles. The report also provides a detailed analysis of various forces acting in the market including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
The research methodology used in the report involves various secondary sources such as National Highway Traffic Safety Administration (NHTSA), GENIVI Alliance, Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries, semi trailer suppliers, and manufacturers have been interviewed to understand the future trends in the market. The semi-trailer market size of the individual segments was determined through various secondary sources: industry associations, white papers, and journals. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up approach has been used to estimate and validate the size of the global market. The data triangulation and market breakdown procedures were employed to complete the overall semi-trailer market engineering process and arrive at the exact statistics for all the segments and sub-segments.
The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.
To know about the assumptions considered for the study, download the pdf brochure
The Semi-Trailer Market ecosystem consists of manufacturers such as Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kφgel (Germany), and Great Dane Trailers (US), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).
Target Audience
- Semi-trailer manufacturers
- Cold supply chain service providers
- Third party logistics players
- Automobile organizations/associations
- Compliance regulatory authorities
- Government agencies
- Information Technology (IT) companies & System integrators
- Investors and Venture Capitalists (VCs)
- Suppliers of raw material for semi-trailer
- Traders, distributors, and suppliers of semi-trailer
Scope of the Report
-
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
-
By Type
- Flatbed
- Lowboy
- Dry van
- Refrigerated
- Tankers
- Others
-
By Tonnage
- Below 25 t
- 25 t 50 t
- 51 t 100 t
- Above 100 t
-
By Number of Axles
- <3 axles
- 34 axles
- >4 axles
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Detailed analysis and profiling of additional market players (up to 3)
- Detailed analysis of semi-trailer services
- Detailed analysis of semi-trailer range
The global semi-trailer market is estimated to be USD 25.32 Billion in 2017 and is projected to grow at a CAGR of 4.98% during the forecast period to reach USD 37.34 Billion by 2025. Some of the major drivers of the market are the expanding cold chain industry and increasing use of advanced technologies that boost the demand of semi-trailer. Innovations in semi-trailer platooning and electric semi-trailer truck can create new revenue generation opportunities for semi-trailer manufacturers. Whereas, manufacturing of lightweight semi-trailer, maintenance cost, and lowering the total cost of ownership are creating challenges for semi-trailer manufacturers.
The global semi-trailer market is segmented on the basis of type, tonnage, number of axles, and region. The report discusses six semi-trailer types, namely, flatbed, low boy, dry van, refrigerated, tanker, and others. Others segment includes tipper and dump semi-trailer. Dry van semi-trailer segment held the largest share in the global semi-trailer market and is estimated to grow with the highest CAGR during the forecast period, due to its wide applications in multiple industries. These trailers are used by LTL and FTL fleet operators for their operations because of their versatility and cost efficiency.
On the basis of tonnage, below 25t segment is estimated to hold the largest share of the global market in 2017. This segment is estimated to grow at a significant CAGR and is expected to remain the largest segment during the forecast period. The growth of this segment is driven by government regulations regarding weight carrying capacity for road safety.
On the basis of number of axles, the less than 3 axles segment is estimated to account for the largest share of the global semi-trailer market and is anticipated to remain the largest segment during the forecast period as this type of trailers are preferred in Europe and Asia Pacific for the transportation of load below 50 tons.
Extensive study has been done on four key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW). Asia Pacific is forecast to have the largest market share by 2025 and to be growing at the highest CAGR, followed by North America. This growth is mainly fueled by the growth in inland transportation industry. Increasing investment in infrastructure, construction activities, and growing retail market are the factors that drive the growth in this region.
Some of the major restraints identified in the global semi-trailer market are high cost of refrigerated trailers and presence of local players in unorganized sector in the developing economies. In the market in emerging economies, small unorganized players pose a serious threat to the established global players, as they reduce the competitiveness of cost-sensitive markets. Cheaper and lower quality products from this unorganized sector may lead to pricing pressure for established OEMs and lower their profitability.
Some of the major players in the global semi-trailer market are Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kφgel (Germany), and Great Dane Trailers (US). The last chapter of this report provides a comprehensive study of the key vendors operating in market. The evaluation of market players is done by considering various factors such as new product development, R&D expenditure, business strategies, product revenue, and organic and inorganic growth.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Semi-Trailer Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency Exchange Rates
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 15)
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Factor Analysis
2.4.1 Demand-Side Analysis
2.4.1.1 Expanding Supply Chain Industry
2.4.1.2 Infrastructure: Road Network
2.4.2 Supply-Side Analysis
2.4.2.1 Technological Advancements
2.5 Semi-Trailer Market Size Estimation
2.5.1 Bottom-Up Approach
2.6 Market Breakdown and Data Triangulation
2.7 Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities in the Semi-Trailer Market
4.2 Global Market, By Region
4.3 Global Market, By Number of Axles
4.4 Global Market, By Tonnage
4.5 Global Market, By Type
5 Semi-Trailer Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Expanding Cold Chain Industry
5.2.1.2 Increasing Use of Advanced Technologies to Boost the Demand for Semi-Trailer
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 Electric Semi-Trailer Truck
5.2.4 Challenges
5.2.4.1 Lowering the Total Cost of Ownership (TCO) & Maintenance Cost
5.2.4.2 Lightweight Semi-Trailers
5.3 Macro Indicator Analysis
5.3.1 Introduction
6 Semi-Trailer Market, By Type (Page No. - 40)
6.1 Introduction
6.2 Flatbed
6.3 Lowboy
6.4 Dry Van
6.5 Refrigerated
6.6 Tanker
6.7 Others
7 By Tonnage Type (Page No. - 54)
7.1 Introduction
7.2 Below 25 Ton
7.3 2550 Ton
7.4 51100 Ton
7.5 Above 100 Ton
8 By Number of Axles (Page No. - 64)
9.1 Introduction
9.2 Less Than 3 Axles
9.3 34 Axles
9.4 More Than 4 Axles
10 By Region (Page No. - 71)
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.2 India
10.2.3 Japan
10.3 North America
10.3.1 US
10.3.2 Canada
10.3.3 Mexico
10.4 Europe
10.4.1 Germany
10.4.2 UK
10.4.3 France
10.4.4 Italy
10.5 Rest of the World (RoW)
10.5.1 Brazil
10.5.2 Russia
11 Competitive Landscape (Page No. - 97)
11.1 Introduction
11.2 Semi-Trailer Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Expansions
11.3.2 Partnerships/Supply Contracts/Collaborations/JVS
11.3.3 Mergers & Acquisitions
11.3.4 New Product Developments
12 Company Profiles (Page No. - 103)
(Business Overview, Products Offered, Developments, SWOT Analysis, MnM View)*
12.1 China International Marine Containers
12.2 Wabash National
12.3 Schmitz Cargobull
12.4 Great Dane
12.5 Utility Trailer Manufacturing Company
12.6 Fahrzeugwerk Bernard Krone
12.7 Kφgel Trailer
12.8 Hyundai Translead
12.9 Lamberet
12.10 Wilhelm Schwarzmuλller
*Details on Business Overview, Products Offered, Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 130)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Introducing Rt: Real Time Market Intelligence
13.4 Available Customizations
13.4.1 Additional Company Profiles
13.4.1.1 Business Overview
13.4.1.2 SWOT Analysis
13.4.1.3 Recent Developments
13.4.1.4 MnM View
13.4.2 Detaled Analysis of Semi-Trailer Type
13.4.3 Detaled Analysis of Semi-Trailer Number of Axles Segment
13.4.4 Detaled Analysis of Semi-Trailer Tonnage Segment
13.5 Related Reports
13.6 Author Details
List of Tables (72 Tables)
Table 1 Global Semi-Trailer Market Size, By Type, 20152025 (000 Units)
Table 2 Global Market Size, By Type, 20152025 (USD Million)
Table 3 Flatbed Market Size, By Region, 20152025 (000 Units)
Table 4 Flatbed Market Size, By Region, 20152025 (USD Million)
Table 5 Lowboy Market Size, By Region, 20152025 (000 Units)
Table 6 Lowboy Market Size, By Region, 20152025 (USD Million)
Table 7 Dry Van Market Size, By Region, 20152025 (000 Units)
Table 8 Dry Van Market Size, By Region, 20152025 (USD Million)
Table 9 Refrigerated Market Size, By Region, 20152025 (000 Units)
Table 10 Refrigerated Market Size, By Region, 20152025 (USD Million)
Table 11 Tanker Market Size, By Region, 20152025 (000 Units)
Table 12 Tanker Market Size, By Region, 20152025 (USD Million)
Table 13 Market Size, By Tonnage, 20152025 (000 Units)
Table 14 Semi-Trailer Market Size, By Tonnage, 20152025 (USD Million)
Table 15 Below 25 Ton Market Size, By Region, 20152025 (000 Units)
Table 16 Below 25 Ton Market Size, By Region, 20152025 (USD Million)
Table 17 2550 Ton Market Size, By Region, 20152025 (000 Units)
Table 18 2550 Ton Market Size, By Region, 20152025 (USD Million)
Table 19 51100 Ton Market Size, By Region, 20152025 (000 Units)
Table 20 51100 Ton Market Size, By Region, 20152025 (USD Million)
Table 21 Above 100 Ton Market Size, By Region, 20152025 (000 Units)
Table 22 Above 100 Ton Market Size, By Region, 20152025 (USD Million)
Table 23 Others Market Size, By Region, 20152025 (000 Units)
Table 24 Others Market Size, By Region, 20152025 (USD Million)
Table 25 Global Market Size, By Number of Axles, 20152025 (000 Units)
Table 26 Global Semi-Trailer Market Size, By Number of Axles, 20152025 (USD Million)
Table 27 Less Than 3 Axles Market Size, By Region, 20152025 (000 Units)
Table 28 Less Than 3 Axles Market Size, By Region, 20152025 (USD Million)
Table 29 34 Axles Market Size, By Region, 20152025 (000 Units)
Table 30 34 Axles Market Size, By Region, 20152025 (USD Million)
Table 31 More Than 4 Axles Market Size, By Region, 20152025 (000 Units)
Table 32 More Than 4 Axles Market Size, By Region, 20152025 (USD Million)
Table 33 Semi-Trailer Market Size, By Region, 20152025 (Units)
Table 34 Market Size, By Region, 20152025 (USD Million)
Table 35 Asia Pacific: Market Size, By Country, 20152025 (Units)
Table 36 Asia Pacific: Market Size, By Country, 20152025 (USD Million)
Table 37 China: Market Size, By Type, 20152025 (000 Units)
Table 38 China: Market Size, By Type, 20152025 (USD Million)
Table 39 India: Market Size, By Type, 20152025 (Units)
Table 40 India: Market Size, By Type, 20152025 (USD Million)
Table 41 Japan: Market Size, By Type, 20152025 (Units)
Table 42 Japan: Market Size, By Type, 20152025 (USD Million)
Table 43 South Korea: Market Size, By Type, 20152025 (000 Units)
Table 44 South Korea: Market Size, By Type, 20152025 (USD Million)
Table 45 North America: Market Size, By Country, 20152025 (000 Units)
Table 46 North America: Market Size, By Country, 20152025 (USD Million)
Table 47 US: Market Size, By Type, 20152025 (000 Units)
Table 48 US: Market Size, By Type, 20152025 (USD Million)
Table 49 Canada: Market Size, By Type, 20152025 (Units)
Table 50 Canada: Market Size, By Type, 20152025 (USD Million)
Table 51 Mexico: Market Size, By Type, 20152025 (Thousand Units)
Table 52 Mexico: Market Size, By Type, 20152025 (USD Million)
Table 53 Europe: Market Size, By Country, 20152025 (Thousand Units)
Table 54 Europe: Market Size, By Country, 20152025 (USD Million)
Table 55 Germany: Market Size, By Type, 20152025 (Units)
Table 56 Germany: Semi-Trailer Market Size, By Type, 20152025 (USD Million)
Table 57 UK: Market Size, By Type, 20152025 (000 Units)
Table 58 UK: Market Size, By Type, 20152025 (USD Million)
Table 59 France: Market Size, By Type, 20152025 (000 Units)
Table 60 France: Market Size, By Type, 20152025 (USD Million)
Table 61 Italy: Market Size, By Type, 20152025 (Thousand Units)
Table 62 Italy: Market Size, By Type, 20152025 (USD Million)
Table 63 Rest of the World (RoW): Market Size, By Country, 20152025 (Units)
Table 64 Rest of the World (RoW): Market Size, By Country, 20152025 (USD Million)
Table 65 Brazil: Market Size, By Type, 20152025 (Units)
Table 66 Brazil: Market Size, By Type, 20152025 (USD Million)
Table 67 Russia: Market Size, By Type, 20152025 (Units)
Table 68 Russia: Market Size, By Type, 20152025 (USD Million)
Table 69 Expansions, 20142017
Table 70 Partnerships/Joint Ventures/Supply Contracts/Collaborations, 20142017
Table 71 Mergers & Acquisitions, 20142017
Table 72 New Product Development, 2016
List of Figures (45 Figures)
Figure 1 Semi-Trailer Market Segmentation
Figure 2 Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Global Market: Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Global Market (2017): Asia Pacific is Projected to Be the Fastest Growing Market
Figure 8 Global Market, By Type, 2017 vs 2025
Figure 9 Global Market Size, By Number of Axles, 2017 vs 2025
Figure 10 Global Market Size, By Tonnage, 2017 vs 2025
Figure 11 The Growth in the Logistics & Supply Chain Industry is Expected to Drive the Global Market, 2017 vs 2025
Figure 12 North America is Expected to Hold the Largest Share of the global Market in 2017 (USD Billion)
Figure 13 The Less Than 3 Axles Segment is Estimated to Hold the Largest Market Share During the Forecast Period, 2017 vs 2025
Figure 14 The Market for Below 25t is Expected to Have the Largest Market Size During the Forecast Period, 2017 vs 2025 (USD Billion)
Figure 15 The Dry Van Segment is Expected to Lead the Market During the Forecast Period, 2017 vs 2025
Figure 16 Market Dynamics
Figure 17 Increasing GNI Per Capita Expected to Drive Global Market in the Us
Figure 18 Rising GDP of China is Expected to Drive the Domestic Demand During the Forecast Period
Figure 19 Decreasing GNI Per Capita Income is Hampered Due to Lack of Skilled Labor in Japan
Figure 20 Semi-Trailer: Dry Van is Expected to Account for the Largest Market Size, 2017 Vs.2025
Figure 21 Infrastructure Development to Drive the Flatbed Market, By Region, 2017 vs 2025
Figure 22 Asia Pacific is Expected to Lead the Lowboy Market, By Region, 2017 vs 2025 (USD Million)
Figure 23 North America is Estimated to Account for the Largest Market Size in the Dry Van Market, By Region, 2017 vs 2025 (USD Million)
Figure 24 North America is Estimated to Account for the Largest Market Size in the Refrigerated Market, By Region, 2017 vs 2025 (USD Million)
Figure 25 Asia Pacific is Estimated to Lead the Tanker Market, By Region, 2017 vs 2025 (USD Million)
Figure 26 Asia Pacific is Estimated to Lead the Others Market, By Region, 2017 vs 2025 (USD Million)
Figure 27 Below 25 Ton Segment to Have the Largest Market Share in the Global Semi-Trailer Market, 2017 vs 2025 (USD Million)
Figure 28 Asia Pacific to Hold the Largest Share of the 25 Ton Market, 2017 vs 2025 (USD Million)
Figure 29 Asia Pacific to Dominate the 2550 Ton Market, 2017 vs 2025 (USD Million)
Figure 30 Asia Pacific is Anticipated to Surpass North America in the 51100 Ton Segment By the End of Forecast Period, 2017 vs 2025 (USD Million)
Figure 31 Asia Pacific Estimated to Witness the Highest Growth During the Forecast Period in the Above 100 Ton Segment, 2017 vs 2025 (USD Million)
Figure 32 Global Market, By Number of Axles, 2017 vs 2025 (USD Million)
Figure 33 North America to Lead the Semi-Trailers With Less Than 3 Axles Market, 2017 vs 2025 (USD Million)
Figure 34 Asia Pacific to Hold the Largest Share of the Semi-Trailers With 34 Axles Market, 2017 vs 2025 (USD Million)
Figure 35 North America to Lead the Semi-Trailers With More Than 4 Axles Market, 2017 vs 2025 (USD Million)
Figure 36 North America to Lead the Market, 2017 vs 2025 (USD Million)
Figure 37 Asia Pacific: Market Snapshot
Figure 38 North America: Market Snapshot
Figure 39 Germany to Lead the European Market, 2017 vs 2025 (USD Million)
Figure 40 Brazil to Lead the Rest of the World (RoW) Market, 2017 vs 2025 (USD Million)
Figure 41 Companies Adopted Expansions as the Key Growth Strategy, 20142017
Figure 42 Global Market Ranking: 2016
Figure 43 China International Marine Containers: Company Snapshot
Figure 44 Wabash National: Company Snapshot
Figure 45 Schmitz Cargobull: Company Snapshot
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Growth opportunities and latent adjacency in Semi-Trailer Market