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Saturday, February 26, 2022

Global Semi-Trailer Market To Be Driven By The Booming E-Commerce Industry In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Semi-Trailer Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global semi-trailer market, assessing the market based on its segments like types, foot length, tonnage, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5.6%

The flourishing logistics sector across the globe is one of the major applications of semi-trailers and is thus significantly augmenting the growth of the market. This can be attributed to the boom of the e-commerce industry which majorly relies on road transportation for the delivery of goods. The availability of different types of semi-trailer trucks like flat bed, dry vans, refrigerates, and tankers being readily employed for different products is another factor propelling the growth of the market. The changing lifestyles and the boom of the e-commerce are projected to support the growth of the market.

Industry Definition and Segmentation

A semi-trailer is usually defined as a trailer without a front axle. A large proportion of its weight is handled by a road tractor unit and is usually used for carrying large loads due to its long cargo bed structure.

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On the basis of type, the market can be divided into:

• Flat Bed
• Dry Vans
• Refrigerated
• Lowboy
• Tankers
• Others

The market, based on foot length, can be segmented into:

• Up to 45 Foot
• Above 45 Foot

Based on tonnage, the market can be divided into:

• Below 25 Ton
• 25-50 Ton
• 51-100 Ton
• Above 100 Ton

On the basis of end-use, the market can be categorised into:

• Automotive
• Chemical
• Healthcare
• Heavy Industry
• Logistics
• Oil and Gas
• Others

The regional markets for the product include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The rising focus on ecological modes of transportation is a major factor shaping the semi-trailer industry with the development of electronic and fuel-efficient semi-trailers. The growing focus on sustainable development around the world is leading to the introduction of semi-trailers with environmentally friendly features. This can be attributed to the rising issues of global warming, air pollution, and degrading air quality caused by the increased fuel combustion. Additionally, the growing preference for cold-chain products like poultry, fresh fruits and vegetables, and FMCG products is providing impetus to the market.

Key Market Players

The major players in the market are East Manufacturing Corporation, Hyundai Translead, Inc., Schmitz Cargobull AG, Wabash National Corporation, Great Dane LLC, and Kögel Trailer GmbH & Co., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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