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Market Leader - Semi-Trailer Market


The global semi-trailer market is estimated to be USD 25.32 Billion in 2017 and is projected to reach USD 37.34 Billion by 2025, growing at a CAGR of 4.98% during the forecast period. Factors such as wide use of road transportation, use of advanced technologies such as telematics and stability control in semi-trailer, R&D activities for achieving truck-trailer platooning, development of supporting technologies to improve the aerodynamics of the semi-trailer for fuel savings have boosted the semi-trailer market in recent years. The semi-trailer market is dominated by a few global players and comprises several regional players. The key players in the semi-trailer market are Schmitz Cargobull (Germany), Krone (Germany), and Wabash (US). Expansion and new product developments are the key strategies adopted by these players to gain traction in the semi-trailer market.

Schmitz Cargobull (Germany) has adopted expansion and new product development as key strategies to strengthen its market leadership in the semi-trailer market. For instance, in the past 4 years, Schmitz Cargobull has done 3 business expansions and a couple of supply contracts. In October 2017, the company expanded its business by opening a new plant in Adapazari, Turkey. This multi-production plant (MPP) is dedicated to assembling both curtainsiders and box bodies. The plant is initially planned to handle up to 3,400 units per year. By doing this expansion, the company is aiming to achieve Turkish market share of about 30%. In October 2014, the company commenced production at its new manufacturing facility in Wuhan, China. The company established this plant through a joint venture with Dongfeng Motor Group (China). It shows that the company is trying to expand its business outside of Europe. Apart from these expansions, the company has developed couple of new products in the past 4 years. In May 2015, Schmitz Cargobull introduced MultiTemp transport refrigeration unit with new roof-mounted evaporator. This new product allows transportation of various goods requiring different temperatures in the same trailer. In September 2014, the company developed a new curtainsider semi-trailer, S.CS GENIOS, with a redesigned body. This model features an advanced generation chassis manufactured using cold rolling process. The company invested more than USD 53.2 million for product development and the expansion of its manufacturing facility.

Krone (Germany) adopted expansion as a key business strategy to strengthen its market position. The company has done 5 supply contracts in past 4 years to serve its customers. In May 2017, the company supplied 134 Profi Liners to Blue Water Shipping in Denmark. These Profi Liners are equipped with KRONE Telematics using which Blue Water Shipping is planning to ensure optimum fleet control. In March 2017, Krone supplied 10 semi-trailers from the Dry Liner dry case model series to Benway Marine & Logistics GmbH & Co. KG, Germany. The lightweight design allows it to be more fuel efficient.  The real-time monitoring features of telematics makes the vehicle’s journey transparent, traceable, and secure. In January 2017, Krone supplied 80 Profi Liner model semi-trailers to CTJ Janssen GmbH. CTJ would get flexibility for its warehouse logistics business with the use of Profi Liner model semi-trailer.  With the focus on supply contracts in past few years, in January 2015, the company acquired the complete ownership of Krone Došuž Treyler A.S. (Turkey), a joint venture between Fahrzeugwerk Bernard Krone GmbH and Došuž Otomotiv. The joint venture was for production of trailers in Turkey and the acquisition would help Krone to expand in the emerging Turkish and neighboring markets.

Related Reports:

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

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