Global Semi-Trailer Market Growth 2023-2029

Global Semi-Trailer Market Growth 2023-2029

A semitrailer is a trailer without a front axle. A large proportion of its weight is supported by a tractor unit, a detachable front axle assembly known as a dolly, or the tail of another trailer.

LPI (LP Information)' newest research report, the “Semi-Trailer Industry Forecast” looks at past sales and reviews total world Semi-Trailer sales in 2022, providing a comprehensive analysis by region and market sector of projected Semi-Trailer sales for 2023 through 2029. With Semi-Trailer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Semi-Trailer industry.

This Insight Report provides a comprehensive analysis of the global Semi-Trailer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Semi-Trailer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Semi-Trailer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Semi-Trailer and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Semi-Trailer.

The global Semi-Trailer market size is projected to grow from US$ 20050 million in 2022 to US$ 25480 million in 2029; it is expected to grow at a CAGR of 25480 from 2023 to 2029.

China is the largest semitrailer (semi-trailer) market with about 35% market share. North America is follower, accounting for about 30% market share.

The key players are Schmitz Cargobull, Krone, Kogel, CIMC, Schwarzmüller Group, etc. Top 5 companies occupied about 33% market share.In terms of product, refrigerated semitrailer is the largest segment, with a share over 33%. And in terms of application, the largest application is logistics, followed by food.

This report presents a comprehensive overview, market shares, and growth opportunities of Semi-Trailer market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Flatbed Semitrailer

Lowboy Semitrailer

Dry Van Semitrailer

Refrigerated Semitrailer

Others

Segmentation by application

Logistics

Chemical

Food

Cement

Oil and Gas

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

CIMC

Schmitz Cargobull

Wabash National

Krone

Great Dane

Utility Trailer

Hyundai Translead

Luoxiang

Welton

Kogel

Stoughton

Schwarzmüller Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Semi-Trailer market?

What factors are driving Semi-Trailer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Semi-Trailer market opportunities vary by end market size?

How does Semi-Trailer break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.