Semi Trailer Market Analysis & Forecast 2024-2030

Semi Trailer Market by Product Type (Flatbed Semitrailer, Lowboy Semitrailer, Dry Van Semitrailer and Refrigerated Semitrailer) by Application (Food, Construction, Chemical and Logistics) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 7095          Category: Automotive & Transportation          Region :  Global         Report Format :                  

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     Table of Contents

    Global Semi Trailer Market is expected to reach USD 40291.76 million by 2030 with CAGR of 4.1% between 2024 and 2030

    A Semi Trailer is a trailer without a front axle that is used extensively. The factors leading to the growth of the Semi Trailer market are the growing cold chain industry, and the increase in the use of advanced technologies such as telematics and stability control. The growth of the cold chain industry can be attributed to the growth in large-format supermarket retailing. The installation of advanced devices such as temperature recorder with built-in GSM modem and remote temperature monitoring in the refrigerated trailers, is benefitting trailer owners and managers in the real-time monitoring of the trailer, thereby driving the growth of the market.  

    Semi Trailer Market

    The market is expected to have growth opportunities in the forecast period with the rapid adoption of modern technologies such as Semi Trailer platooning and electric Semi Trailer truck. The market is also expected to grow with the adoption of electronic braking systems, as an opportunity. However, the growth of this market is expected to be restrained by the existence of local players in unorganized sector, and transportation of goods through sea and air. The growth of this market could also be challenged by lightweight Semi Trailers and lowering the total cost of ownership (TCO).  

    The study covers a detailed analysis, growth and forecast of the Semi Trailer Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.  

    The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Semi Trailer Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study Semi Trailer Market helps users to make precise decision to expand their market presence and increase market share.  

    The report provides Semi Trailer Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Semi Trailer Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.  

    Global Semi Trailer Market: Product Type

    • Flatbed Semitrailer
    • Lowboy Semitrailer
    • Dry Van Semitrailer
    • Refrigerated Semitrailer

    Global Semi Trailer Market: Application

    • Food
    • Construction
    • Chemical
    • Logistics

    Global Semi Trailer Market: Competitive Analysis

    Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Semi Trailer Market:

    • Wabash National Corporation
    • Schmitz Cargobull
    • Kogel Trailer GmbH & Co.KG
    • Great Dane Trailers
    • American Trailer & Storage
    • PACCAR Inc.
    • China International Marine Containers Co. Ltd.
    • Utility Trailer Manufacturing Company
    • FAW Siping
    • Tianjin Lohr
    • Xiamen XGMA
    • Guangdong Mingwei
    • Hebei Hongtai
    • Huida Heavy
    • Liangshan Tongya
    • Manac
    • Hyundai Translead

    Geographical analysis of Global Semi Trailer Market:

    • North America
      • U.S.A.
      • Canada
    • Europe
      • France
      • Germany
      • Spain
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South East Asia
    • Latin America
      • Brazil
    • Middle East and Africa

    Global Semi Trailer Market Report delivers a comprehensive analysis of the following parameters:

    • Market Forecast for 2024-2030
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    Report Coverage

    Parameters Details

    Base Year


    Historical Data


    Forecast Data


    Base Year Value (2023)

    USD 30413.13 million

    Forecast Value (2030)

    USD 40291.76 million

    CAGR (2022 to 2028)

    4.1 %

    Regional Scope

    North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

    Frequently Asked Questions (FAQ)

    Semi Trailer Market was valued at around USD 30413.13 million in 2023 & estimated to reach USD 40291.76 million by 2030.

    Semi Trailer Market is likely to grow at compounded annual growth rate (CAGR) of 4.1% between 2024 to 2030.

    Yes, the report includes COVID 19 impact on the market.

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