Semi-Trailer

Semi-Trailer

Global Semi-Trailers Market to Reach $40.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Semi-Trailers estimated at US$28.6 Billion in the year 2020, is projected to reach a revised size of US$40.6 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Dry Van, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$11.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Refrigerated segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.9 Billion, While China is Forecast to Grow at 8.9% CAGR

The Semi-Trailers market in the U.S. is estimated at US$7.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.5 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.3 Billion by the year 2027.

Lowboy Segment to Record 3.2% CAGR

In the global Lowboy segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.9 Billion in the year 2020 will reach a projected size of US$4.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.5% CAGR through the analysis period.

Select Competitors (Total 44 Featured) -

• Fahrzeugwerk Bernard KRONE GmbH & Co. KG
• Great Dane Trailers
• Hyundai Translead
• Kogel trailer
• Lamberet SAS
• Schmitz Cargobull AG
• Utility Trailer Manufacturing Company
• Wabash National Corporation
• Wilhelm Schwarzmuller GmbH

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