Global Semi-Trailer Trucks Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global semi-trailer trucks market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022-2028).A semi-trailer is used to describe a trailer without a front axle. The major factor expected to drive the market growth is the significant growth in industries such as fast-moving consumer goods (FMCG) and automotive. In addition, the rising urbanization, increasing manufacturing activities, and the need for effective transportation along with the expanding cold chain industry are some factors that propel the growth of the global semi-trailer trucks market. In addition, road transportation is the most utilized mode of transportation in the logistics sector as it offers better cost advantages over other modes along with innovation by the key players.

Some major players in the market include China International Marine Containers (Group) Ltd., Wabash National, and Schmitz Cargobull AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in November 2021, Schmitz Cargo bull AG announced the launch of its new box body semi-trailers. KO PACE SMART. The company used lightweight panels which are far lesser in weight than competitors and also drastically lower carbon emissions over the lifetime of the trailer, through which operators can assume to convert into lower fuel bills.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Number of Axles
  • By Tonnage
  • By Length
  • By End-Use
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape-China International Marine Containers (Group) Ltd., Wabash National, and Schmitz Cargo bull AG, 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 has 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 players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Semi-Trailer Trucks Market Report by Segment

By Type

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

By Length

• Up to 45 Feet
• Above 45 Feet

By Tonnage

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

By Number of Axles

• <3 axles
• 3-4 axles
• 4 axles

By End-Use

• Heavy Industry
• Fast Moving Consumer Goods (FMCG)
• Chemical
• Automotive
• Oil & Gas
• Healthcare
• Logistics
• Others