Pune, India, February 02, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global Semi-Trailer Market. The semi-trailer market is expected to grow at ~5% CAGR during the period 2017 to 2023.
The semi-trailer market is diverse and there are a wide variety of sizes and configurations that are employed to meet the wide range of freight demands. The semi-trailer market is expected to grow significantly over the forecast period. This is due to the growth in GDP per-capita, the aging demography, and the growth in the international inbound and outbound tourism in various countries, all over the globe. The semi-trailer market will grow over the forecast period with the rise of adventure tourism, and the evolution of eco-tourism. Moreover many governments around the world have initiated the promotion of fuel-saving technologies within their heavy-duty vehicle fleets such as semi-trailers. This is done with the objective of responding to the growing fuel consumption and GHG emissions from commercial vehicles.
However, the growth of the global semi-trailer market is expected to be restrained by the factors such as the levy of heavy taxes on tour operators, the seasonality dependence and the increase in the number of terror attacks.
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Market Research Analysis:
Based on tonnage, the global semi-trailer market has been segmented as below 25 t, 25 t – 50 t, 51 t – 100 t and above 100 t. Amongst these, below 25t segment, is expected to hold the largest market share. It has also been projected to grow at a high CAGR over the forecast period, owing to the introduction of government regulations regarding weight carrying capacity for road safety.
Based on type, the market has been segmented as flatbed, lowboy, dry van, refrigerated, tankers and others. Amongst these, dry van segment is expected to hold the largest share of the market, during the forecast period, owing to the huge production of such type of semi-trailers, across the globe. Dry vans represent majority of the sales in the market and constitute a large percentage of total semi-trailer miles travelled. The van semi-trailer market is highly consolidated, with the top five companies making up the majority of the share in the market size of the semi-trailer market. Worldwide, freight vehicles are a major contributor in fuel consumption and climate change emissions in the on-road transportation sector. Thus, semi-trailers that are used as freight vehicles, are expected to grow significantly over the forecast period.
Developing countries such as China and India are witnessing significant infrastructural and economic growth, which in turn leads to an increase in the demand for dry van semi-trailers. The other factors driving the growth of this segment are the growth in retail, fast moving consumable goods and fast moving consumable durable industries.
Scope of the Report:
This study provides an overview of the global semi-trailer market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global semi-trailer market by type, tonnage, axle count and regions.
The prominent players in the global semi-trailer market include Wabash National Corporation (US), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co.KG (Germany), Great Dane Trailers (US), American Trailer & Storage (U.S.), PACCAR Inc. (U.S.), China International Marine Containers (Group) Co. Ltd. (China), Utility Trailer Manufacturing Company (U.S.), Schmitz Cargobull AG (Germany), and Great Dane Limited Partnership (U.S).