Global Lowboy Semi Trailer Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global lowboy semi-trailer market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). A lowboy is a semi-trailer with two drops in deck height, such as one right after the gooseneck and one right before the wheels. This allows the deck to be extremely low compared with other trailers. It offers the ability to carry legal loads up to 12 ft tall, which other trailers cannot. The market growth is majorly attributable to the growing investments to develop innovative technologies to be implanted in semi-trailers. For instance, in September 2020, Great Dane and Aurora Parts & Accessories, LLC entered a partnership to provide intelligent solutions to the goods mobility industry with Aurora’s aftermarket operational expertise, distribution services, and cutting-edge digital platforms. Further, in October 2019, Great Dane and Cortex entered a technological partnership surrounding the Fleet Pulse smart trailer solution. Together they aim to achieve solutions for refrigerated fleets as a seamless, single source of data from the combination of data from the combined trailer and reefer unit and eliminate the annoyance of multiple subscriptions.

Some key players operating in the market include Wabash National Corp., Schmitz Cargobull AG, and Fahrzeugwerk Bernard Krone Gmbh & Co. KG, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2020, Wabash National, along with eNow and Carrier Transicold’s all-electric refrigeration technologies, signed a partnership that offers thermally efficient, ecofriendly refrigerated hauling. The large gain in thermal efficiencies allows the customer to downsize the batteries required to haul cargo and increase the runtime on a battery setup.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-

• By Type
• By Application

• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: Wabash National Corp., Schmitz Cargobull AG, and Fahrzeugwerk Bernard Krone Gmbh & Co. KG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

• Deviation from the pre-COVID-19 forecast
• Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Lowboy Semi Trailer Market Report by Segment

By Type

• Below 25 t
• 25 t-50 t
• 51 t-100 t
• Above 100 t

By Application

• Transportation
• Logistics
• Defense
• Others

Global Lowboy Semi Trailer Market Report by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa