Semi-Trailer Market to Touch US $ 37.343 Billion Valuation by End of 2025

The ****** Semi-Trailer Market was valued at USD 24.49 Billion in 2016 and is projected to grow at a CAGR of 4.98% from 2017 to reach USD 37.34 Billion by 2025. In this study, 2016 has been considered the base year and 2017–2025 the forecast period for estimating the size of the ****** market.

The report analyzes and forecasts the size, by value (USD million), of the semi-trailer market. The report segments the ****** market and forecasts its size by region, semi-trailer type, tonnage and number of axles. The report also provides a detailed analysis of various forces acting in the market including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

Browse 72 market data Tables and 45 Figures spread through 136 Pages and in-depth TOC on “Semi-Trailer Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers), Tonnage (Below 25T, 25T–50T, 51T–100T, above 100T), Number of Axles (<3 Axles, 3-4 Axles & >4 Axles), and Region – ****** Forecast to 2025”

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Dry van is estimated to hold the largest market share during the forecast period

The market size for dry van semi-trailers is estimated to be the highest in 2017 and is projected to remain predominant during the forecast period. The production of dry van semi-trailers is estimated to be the highest, followed by flatbed, refrigerated, low boy, others, and tankers. Developing countries such as China and India have witnessed significant infrastructural and economic growth, which has increased the demand for dry van semi-trailers. The growth in retail, fast moving consumable goods (FMCG), fast moving consumable durable (FMCD) industries is driving the market for dry van, particularly in Asia Pacific.

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Less than 3 axles segment is estimated to be the largest segment by number of axles from 2017 to 2025

The market size for semi-trailers with less than 3 axles is expected to be the largest as this type of trailers are preferred in Europe and Asia Pacific. The legally permissible load that can be transported on a semi-trailer depends on the number of axles. Weight limit and Gross Axle Weight Rating (GAWR) depend on state laws and are designed for the safety of the vehicle during operation. Government regulations on weight limits and number of axles are driving the market for less than 3 axles segment.

North America: Largest market for semi-trailer

North America is projected to be the largest market for semi-trailer in 2017. The market growth in the region can be attributed to numerous factors such as improving road infrastructure, expanding supply chain industry, government regulations on weight carrying capacity and dimensions of semi-trailer, Californias Air Resources Board (CARB) mandates related to semi-trailer aerodynamics and the boom in natural gas industry.

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Leading Players of semi-trailer market are:

The semi-trailer market is dominated by a few globally established players such as Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and CIMC (China).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking ****** high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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