Increase in Use of Advanced Technologies Expected to Drive World Semi-Trailer Market Over the Forecast Period: Ken Research

According to study, “World Semi-Trailer Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world semi-trailer market are Wabash National Corp., Fahrzeugwerk Bernard Krone, Schmitz Cargobull, Utility Trailer Manufacturing Company,Stoughton, Hyundai Translead,Manac, Kogel Trailer GmbH,Great Dane, Schwarzmuller Group,Shandong Arima group, Lamberet SAS, Fontaine Commercial Trailer Inc., LiangshanHuayu, Polar Tank, China International Marine Containers (CIMC) Ltd., HebeiShunjie, SINOTRUK, Anhui Kaile, FAW Siping, Tianjin Lohr, Xiamen XGMA, LiangshanHuitong, Huida Heavy, Guangdong Mingwei, LiangshanTongya, HebeiHongtai. The key vendors are focusing to design & develop refrigerated trailers with advanced technology & improved operational efficiency. In addition, third-party logistics service providers are enhancing their trailer feet, due to rise in demand for refrigerated trailers.

World Semi-Trailer Market Research Report

A semi-trailer is a trailer lacking a front axle. It is equipped with landing gear to support it when it is uncoupled. Many semi-trailers have wheels which are capable of being totally dismounted and are also re-locatable to better distribute load to bearing wheel weight factors. Semi-trailers with trailer devices are referred to as B-doubles or tandem tractor trailers, tandem rigs, or doubles. They are several types for designing to haul different cargoes for instance car carrier trailers, bus-bodied trailers, drop-deck trailers, box or van trailers, conestoga trailers, dry bulk, curtain siders and others (double deckers, flatbeds, live bottom trailers).

Based on type, semi-trailer market is segmented into lowboysemi-trailer, flatbedsemi-trailer, refrigeratedsemi-trailer, dry vansemi-trailer and tanker. The dry van segment lead the market owing to its widespread utilization in countries that witness substantial demand for semi-trailer, such as the U.S.Based on tonnage type, market is segmented into below 25 ton, 25 to 50 ton, 51 to 100 ton and above 100 ton. 25 to 50 ton is an exceedingly attractive segment due to adequate capacity of the trailers to carry freight or cargo. Based on coupling, market is segmented into automatic couplings and fifth wheel coupling. Based on number of axles count, market is segmented into less than 3 axles, 3 to 4 axles and more than 4 axles. In addition, based on end-user, market is segmented into food & beverages, healthcare, construction, oil & gas, textiles, heavy industry and others.

The semi-trailer market is driven by increase in use of advanced technologies (telematics and stability control), followed by expand in cold chain industry, improvement in road connectivity, increase in population, rise in industrial expansion in developing countries, increase in government regulations, rapid digitalization and growth in freight transportation. However, transportation of goods through sea & air, local players in unorganized sector and lightweight semi-trailers may impact the market. Moreover, electric semi-trailer truck and semi-trailer platooning are key opportunities for market.

Based on geography, the U.S. holds major share in semi-trailer market owing to improvement in road infrastructure, introduction of government regulations on weight carrying capacity, expand in supply chain industry, and dimensions of a semi-trailer in the region. China country is expected to witness higher growth rate due to enormous production of industries over the forecast period. The market is expected to increase at higher pace during the forecast period in countries with better road connectivity & business opportunities.

For more information on the research report, refer to below link:

World Semi-Trailer Market Research Report

Related reports

Global Semi-trailer Market Outlook 2019-2024

Global Semi-Trailer Market Outlook 2018-2023

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Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

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