Bharat Book Bureau Provides the Trending Market Research Report on “Global Semi-Trailer Market Forecast to 2025” under Industry & Mfg. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Increasing need of inland transportation in emerging economies to fuel the demand for the semi-trailer market
The global semi-trailer market is projected to grow from USD 25.32 billion in 2017 to reach USD 37.34 billion by 2025 at a CAGR of 4.98% during the forecast period (2017–2025). Expanding cold chain industry, increasing use of advanced technologies such as telematics and stability control are expected to boost the demand for semi-trailer market. However, local players in unorganized sector in developing countries are a restraining factor for semi-trailer market. Modern technologies such as semi-trailer platooning and electric semi-trailer truck have lots of development opportunities in the near future. On the other hand, lightweight semi-trailers and lowering the total cost of ownership (TCO) will be the challenging factors for semi-trailer market in the future.
Below 25t segment to remain predominant during the forecast period
Below 25t segment is estimated to hold the largest share of the global semi-trailer market in 2017. The segment is estimated to grow at a significant CAGR and is expected to remain the largest market during the forecast period. The growth of this segment is driven by government regulations regarding weight carrying capacity for road safety.
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Asia Pacific to surpass North America during the forecast period
The North America region is estimated to hold the largest share of global semi-trailer in year 2017. However, Asia Pacific is projected to grow at the highest CAGR and surpass North America during the forecast period. The expansion of logistics and supply chain industry is expected to fuel semi-trailer market in Asia Pacific region.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type: Tier 1: 55%, Tier 2: 20%, Tier 3: 25%
- By Designation: C level: 55%, Manager level: 25%, Others: 20%
- By Region: North America: 20%, Europe: 20%, Asia Pacific: 50%, RoW: 10%
Major players profiled in the report are:
- CIMC (China)
- Wabash (US)
- Schmitz Cargobull (Germany)
- Great Dane (US)
- Utility Trailer (US)
- Krone (Germany)
- Kögel Trailer (Germany)
- Hyundai Translead (US)
- Lamberet (France)
- Wilhelm (Austria)
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