Semi-Trailer Market

Industry Overview

The global semi-trailer market is expected to rise at a CAGR of 6.0 percent from USD 30.5 billion in 2020 to USD 54.5 billion in 2027. Because of the strong inland accessibility in many regions and the cost advantages, it provides over other modes of transportation, road transportation is a commonly used form of goods transportation. Growing manufacturing activities, urbanisation, the need for efficient transportation, and the expansion of rural area road networks are all driving the semi-trailer industry forward.

Market Segmentation

By Type

•    Flatbed
•    Lowboy
•    Dry Van
•    Refrigerated
•    Tankers
•    Others

Dry van semi-trailers are mostly used in the logistics of products that need only minimal protection from weather and road conditions. Because of their flexibility and cost-effectiveness, LTL and FTL fleet operators use these trailers for their operations. Following its diverse applications in a variety of industries, the dry van segment is expected to account for the largest share of the semi-trailer industry.

By Number of Axles

•    <3 axles
•    3-4 axles
•    4 axles

In terms of growth rate, the segment with fewer than three axles is expected to dominate. These trailers are widely used in Europe and the Asia Pacific, and they are favoured over other semi-trailers. The maximum load that can be legally transported on a semi-trailer is determined by the axle count of the semi-trailer. As a result, it can be inferred that government weight-limit regulations are driving the less-than-3-axle market.

By Region

•    North America
•    Asia Pacific
•    Europe
•    RoW

The global semi-trailer market is projected to be dominated by North America. This is due to factors such as improved road infrastructure, a growing supply chain industry, and government regulations governing semi-trailer weight carrying capacity and dimensions.

Market Trends

Construction, retail, automobile, and food & beverage industries are all increasing their demand for bulk material transportation, which is driving up demand for semi-trailers. Semi-trailer manufacturers are attempting to minimise weight in semi-trailers based on existing trends and expected future needs. Leading industry players may take advantage of this to maintain their dominance in the semi-trailer market.

Furthermore, the future growth of the semi-trailer industry is expected to be aided by expanding manufacturing activities in both developing and developed regions. The semi-trailer industry is expected to be restrained by pressure on manufacturers to sustain competitive pricing, as well as a lack of proper infrastructure in emerging regions.

Market Drivers

Over the forecast period, the growing use of alternative fuels is expected to drive the road freight transportation market's growth prospects. Semi-trailer manufacturers are designing and implementing advanced technologies to improve vehicle performance. For example, Ekeri, a Finnish company, built a semi-trailer with a side opening design that is expected to save 30 minutes on each regular run. Similarly, Kässbohrer, a German company, recently introduced 18 new semi-trailer models across four product groups in response to evolving market trends and to meet the exact needs of customers.

Market Opportunities

Semi-trailers are being renovated and transformed by technologies such as telematics, electrification, digitalization, and autonomous driving. New opportunities, such as advanced trailer telematics and AI-based optimization, will emerge as emerging technologies advance, reducing congestion, usage, and costs. For example, in 2016, approximately 20% of semi-trailers in the United States were equipped with telematics, which allows for the collection of data on the temperature and fuel management of the semi-trailer.

Challenges

The empty weight of a vehicle contributes significantly to fuel consumption and CO2 emissions in road haulage. Reduced weight, interchangeable bodies, and cost competitiveness are now the top consumer demands for modern urban articulated trailers. OEMs and fleet operators face a challenge in lowering the total weight of the trailer with strong materials in order to save money and reduce emissions.

COVID-19 Impact on the Semi-Trailer Market

COVID-19 has resulted in lockdowns, which has resulted in a reduction in industrial production. As a result, demand for semi-trailers has been poor. Semi-trailer production and sales also decreased as the global supply chain ecosystem was disrupted. For example, Schmitz, a well-known European semi-trailer manufacturer, saw 28 percent drop-in units produced in 2019-2020. The company's overall production rate was impacted by the reduced hours of production, resulting in losses in that quarter.

Key Players

Some of the key players in the semi-trailer market

•    Wabash National Corporation 
•    Kögel Trailer GmbH & Co.KG 
•    Great Dane Trailers 
•    American Trailer & Storage 
•    PACCAR Inc
•    China International Marine Containers (Group) Co. Ltd. 
•    Utility Trailer Manufacturing Company 
•    Schmitz Cargobull AG 
•    Great Dane Limited Partnership 
•    Fahrzeugwerk Bernard Krone 
•    KRONE GMBH & CO. KG
•    HYUNDAI TRANSLEAD
•    LAMBERET SAS
•    Wilhelm Schwarzmüller GmbH
•    Doepker Industries Limited
•    Fontaine Commercial Trailer
•    Polar Tank
•    Trail King Industries
•    Pitts Trailers
•    East Manufacturing Corporation
•    Mac Trailer Enterprises Inc.
•    Strick Trailers
•    STI HOLDINGS
•    HEIL TRAILER INTERNATIONAL
•    Vanguard National Trailer Corp.

Recent Developments

•    Guangzhou Baiyun Jiangji Carriage Factory and Shenzhen CIMC Special Vehicle Co. Ltd signed a deal in April 2020. Shenzhen CIMC will supply Jianji Carriage with 15 chassis frames under the terms of the agreement. Jianji Carriage will be provided with the "Voyage Series," which features a modular design with high power.

•    Wabash National, eNow, and Carrier Transicold all-electric refrigeration technologies signed a collaboration in July 2020 to provide thermally efficient, environmentally friendly refrigerated hauling. Because of the significant improvement in thermal efficiencies, the customer will reduce the number of batteries required to haul cargo while still increasing the battery setup's run time.

•    Schmitz Cargobull and Krone announced a partnership in October 2020 to develop telematics for trailers. Regardless of the telematics hardware installed or the telematics portal used, this partnership would result in simple and easy solutions for accessing the data provided for all vehicles through individual access with just one click.

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Type
                1.2.2.    By Number of Axles
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2027

5.    Market Segmentation Estimate and Forecast

        5.1.    By Type
                5.1.1.    Flatbed
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2027
                5.1.2.    Lowboy
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2027
                5.1.3.    Dry Van
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2027
                5.1.4.    Refrigerated
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2027
5.1.5.    Tankers
                        5.1.5.1.    Market Definition
                        5.1.5.2.    Market Estimation and Forecast to 2027
5.1.4.    Others
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2027

        5.2.    By Number of Axles
                5.2.1.    < 3 axles
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2027
                5.2.2.    3-4 axles
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2027
                5.2.3.    4 axles
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2027

6.    North America Market Estimate and Forecast

        6.1.    By Type 
        6.2.    By Number of Axles
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Type 
        7.2.    By Number of Axles
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Type
        8.2.    By Number of Axles
        8.3.    By Country 
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Type
        9.2.    By Number of Axles
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Wabash National Corporation 
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Kögel Trailer GmbH & Co.KG 
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Great Dane Trailers 
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    American Trailer & Storage 
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    PACCAR Inc
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    China International Marine Containers (Group) Co. Ltd. 
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Utility Trailer Manufacturing Company 
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Schmitz Cargobull AG 
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Great Dane Limited Partnership 
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.  Fahrzeugwerk Bernard Krone 
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
        10.11.  KRONE GMBH & CO. KG
      10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments
        10.12.  HYUNDAI TRANSLEAD
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
                10.12.5.    Recent Developments
        10.13.  LAMBERET SAS
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
                10.13.5.    Recent Developments
        10.14.  Wilhelm Schwarzmüller GmbH
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
                10.14.5.    Recent Developments 
        10.15.  Doepker Industries Limited
                10.15.1.    Snapshot
                10.15.2.    Overview
                10.15.3.    Offerings
                10.15.4.    Financial Insight
                10.15.5.    Recent Developments 
        10.16.  Fontaine Commercial Trailer
                10.16.1.    Snapshot
                10.16.2.    Overview
                10.16.3.    Offerings
                10.16.4.    Financial Insight
                10.16.5.    Recent Developments 
        10.17.  Polar Tank
                10.17.1.    Snapshot
                10.17.2.    Overview
                10.17.3.    Offerings
                10.17.4.    Financial Insight
                10.17.5.    Recent Developments 
        10.18.  Trail King Industries
                10.18.1.    Snapshot
                10.18.2.    Overview
                10.18.3.    Offerings
                10.18.4.    Financial Insight
                10.18.5.    Recent Developments 
        10.19.  Pitts Trailers
                10.19.1.    Snapshot
                10.19.2.    Overview
                10.19.3.    Offerings
                10.19.4.    Financial Insight
                10.19.5.    Recent Developments 
        10.20.  East Manufacturing Corporation
                10.20.1.    Snapshot
                10.20.2.    Overview
                10.20.3.    Offerings
                10.20.4.    Financial Insight
                10.20.5.    Recent Developments 
        10.21.  Mac Trailer Enterprises Inc.
                10.21.1.    Snapshot
                10.21.2.    Overview
                10.21.3.    Offerings
                10.21.4.    Financial Insight
                10.21.5.    Recent Developments 
        10.22.  Strick Trailers
                10.22.1.    Snapshot
                10.22.2.    Overview
                10.22.3.    Offerings
                10.22.4.    Financial Insight
                10.22.5.    Recent Developments 
        10.23.  STI HOLDINGS
                10.23.1.    Snapshot
                10.23.2.    Overview
                10.23.3.    Offerings
                10.23.4.    Financial Insight
                10.23.5.    Recent Developments 
        10.24.  HEIL TRAILER INTERNATIONAL
                10.24.1.    Snapshot
                10.24.2.    Overview
                10.24.3.    Offerings
                10.24.4.    Financial Insight
                10.24.5.    Recent Developments 
        10.25.  Vanguard National Trailer Corp
                10.25.1.    Snapshot
                10.25.2.    Overview
                10.25.3.    Offerings
                10.25.4.    Financial Insight
                10.25.5.    Recent Developments 

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Semi-Trailer Market Size, By Type, 2015 – 2020 (USD Million)
Table 5  Global Semi-Trailer Market Size, By Type, 2021 – 2027 (USD Million)
Table 6  Global Semi-Trailer Market Size, By Number of Axles, 2015 – 2020 (USD Million)
Table 7  Global Semi-Trailer Market Size, By Number of Axles, 2021 – 2027 (USD Million)
Table 8  Global Semi-Trailer Market Size, by Region, 2015 – 2020 (USD Million)
Table 9  Global Semi-Trailer Market Size, by Region, 2021 – 2027 (USD Million)
Table 10 North America Semi-Trailer Market Size, By Type, 2015 – 2020 (USD Million)
Table 11 North America Semi-Trailer Market Size, By Type, 2021 – 2027 (USD Million)
Table 12 North America Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2020 (USD Million)
Table 13 North America Semi-Trailer Market Size, By Number of Axles Type, 2021 – 2027 (USD Million)
Table 14 North America Semi-Trailer Market Size, by Region, 2015 – 2020 (USD Million)
Table 15 North America Semi-Trailer Market Size, by Region, 2021 – 2027 (USD Million)
Table 16 Europe Semi-Trailer Market Size, By Type, 2015 – 2020 (USD Million)
Table 17 Europe Semi-Trailer Market Size, By Type, 2021 – 2027 (USD Million)
Table 18 Europe Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2020 (USD Million)
Table 19 Europe Semi-Trailer Market Size, By Number of Axles Type, 2021 – 2027 (USD Million)
Table 20 Europe Semi-Trailer Market Size, by Region, 2015 – 2020 (USD Million)
Table 21 Europe Semi-Trailer Market Size, by Region, 2021 – 2027 (USD Million)
Table 22 Asia-Pacific Semi-Trailer Market Size, By Type, 2015 – 2020 (USD Million)
Table 23 Asia-Pacific Semi-Trailer Market Size, By Type, 2021 – 2027 (USD Million)
Table 24 Asia-Pacific Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2020 (USD Million)
Table 25 Asia-Pacific Semi-Trailer Market Size, By Number of Axles Type, 2021 – 2027 (USD Million)
Table 26 Asia-Pacific Semi-Trailer Market Size, by Region, 2015 – 2020 (USD Million)
Table 27 Asia-Pacific Semi-Trailer Market Size, by Region, 2021 – 2027 (USD Million)
Table 28 RoW Semi-Trailer Market Size, By Type, 2015 – 2020 (USD Million)
Table 29 RoW Semi-Trailer Market Size, By Type, 2021 – 2027 (USD Million)
Table 30 RoW Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2020 (USD Million)
Table 31 RoW Semi-Trailer Market Size, By Number of Axles Type, 2021 – 2027 (USD Million)
Table 32 RoW Semi-Trailer Market Size, by Region, 2015 – 2020 (USD Million)
Table 33 RoW Semi-Trailer Market Size, by Region, 2021 – 2027 (USD Million)
Table 34 Snapshot – Wabash National Corporation.
Table 35 Snapshot – Kögel Trailer GmbH & Co.KG 
Table 36 Snapshot – GREAT DANE TRAILERS 
Table 37 Snapshot – American Trailer & Storage 
Table 38 Snapshot – PACCAR Inc
Table 39 Snapshot – China International Marine Containers (Group) Co. Ltd.   
Table 40 Snapshot – Utility Trailer Manufacturing Company 
Table 41 Snapshot – Schmitz Cargobull AG 
Table 42 Snapshot – Great Dane Limited Partnership  
Table 43 Snapshot – Fahrzeugwerk Bernard Krone 
Table 44 Snapshot – Merck KGaA
Table 45 Snapshot – Corel Pharma Chem
Table 46 Snapshot – LAMBERET SAS.
Table 47 Snapshot – Wilhelm Schwarzmüller GmbH
Table 48 Snapshot – Doepker Industries Limited
Table 49 Snapshot – Fontaine Commercial Trailer
Table 50 Snapshot – Polar Tank
Table 51 Snapshot – Trail King Industries
Table 52 Snapshot – Pitts Trailers
Table 53 Snapshot – East Manufacturing Corporation

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Tablet Coating Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Tablet Coating Market Highlight
Figure 12 Global Semi-Trailer Market Size, By Type, 2015 – 2027 (USD Million)
Figure 13 Global Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2027 (USD Million)
Figure 14 Global Semi-Trailer Market Size, by Region, 2015 – 2027 (USD Million)
Figure 15 North America Tablet Coating Market Highlight
Figure 16 North America Semi-Trailer Market Size, By Type, 2015 – 2027 (USD Million)
Figure 17 North America Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2027 (USD Million)
Figure 18 North America Semi-Trailer Market Size, by Region, 2015 – 2027 (USD Million)
Figure 19 Europe Tablet Coating Market Highlight
Figure 20 Europe Semi-Trailer Market Size, By Type, 2015 – 2027 (USD Million)
Figure 21 Europe Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2027 (USD Million)
Figure 22 Europe Semi-Trailer Market Size, by Region, 2015 – 2027 (USD Million)
Figure 23 Asia-Pacific Tablet Coating Market Highlight
Figure 24 Asia-Pacific Semi-Trailer Market Size, By Type, 2015 – 2027 (USD Million)
Figure 25 Asia-Pacific Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2027 (USD Million)
Figure 26 Asia-Pacific Semi-Trailer Market Size, by Region, 2015 – 2027 (USD Million)
Figure 27 RoW Tablet Coating Market Highlight
Figure 28 RoW Semi-Trailer Market Size, By Type, 2015 – 2027 (USD Million)
Figure 29 RoW Semi-Trailer Market Size, By Number of Axles Type, 2015 – 2027 (USD Million)
Figure 30 RoW Semi-Trailer Market Size, by Region, 2015 – 2027 (USD Million)