Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Semi-trailer Market to reach USD 29.28 billion by 2027.

Global Semi-trailer Market Size study, by Type (Flat Bed Trailer, Dry Vans, Refrigerated Trailers, Lowboy Trailers, Tanker and Others), and Regional Forecasts 2021-2027

Product Code: ALTPCV-68432235
Publish Date: 2-09-2021
Page: 200

Global Semi-trailer Market is valued approximately at USD 19.73 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2021-2027. Increasing manufacturing activities around the world, growing demand for road transport, rising urbanization and new product launches by market players are fueling demand for semi-trailer. According to Statista, United States’ manufacturing output has increased by 56.2% in quarter 3 of 2020 as compared to second quarter. Also, urban population in India has increased from 32.38% in 2014 to 34.93% in 2020. Furthermore, rapid growth in e-commerce and growing trend of home delivery are expected to propel the demand during forecast period. For instance, retail e-commerce sales have risen from USD 2382 billion in 2017 to USD 4280 billion in 2020 and is also expected to reach USD 6388 billion by 2024. However, high cost of semi-trailers is expected to hamper the market growth during forecast period.

Asia Pacific is dominating the world market in terms of market share among Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is also expected to grow with the highest rate during forecast period, owing to large supply chains and logistics network in the emerging regions such as India and China.
Major market player included in this report are:

China International Marine Containers (Group) Ltd.
Fontaine Commercial Trailer, Inc.
Great Dane
Kogel Trailer GmbH & Co.KG
Krone Commercial Vehicle Group
Lamberet SAS
Polar Tank Trailer, LLC
Schmitz Cargobull
Utility Trailer Manufacturing Company
Wabash National Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Flat Bed Trailer
Dry Vans
Refrigerated Trailers
Lowboy Trailers

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Semi-trailer Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Semi-Trailer Market, by Region, 2019-2027 (USD Billion)
1.2.2. Semi-Trailer Market, by Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Semi-Trailer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Semi-Trailer Market Dynamics
3.1. Semi-Trailer Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Growing urbanization Rising growth in manufacturing sector
3.1.2. Market Restraint High cost
3.1.3. Market Opportunities Rapid growth of e-commerce Growing trend of home delivery
Chapter 4. Global Semi-Trailer Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Semi-Trailer Market, by Type
5.1. Market Snapshot
5.2. Global Semi-Trailer Market by Type, Performance – Potential Analysis
5.3. Global Semi-Trailer Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Semi-Trailer Market, Sub Segment Analysis
5.4.1. Flat Bed Trailer
5.4.2. Dry Vans
5.4.3. Refrigerated Trailers
5.4.4. Lowboy Trailers
5.4.5. Tanker
5.4.6. Others
Chapter 6. Global Semi-Trailer Market, Regional Analysis
6.1. Semi-Trailer Market, Regional Market Snapshot
6.2. North America Semi-Trailer Market
6.2.1. U.S. Semi-Trailer Market Type breakdown estimates & forecasts, 2018-2027
6.2.2. Canada Semi-Trailer Market
6.3. Europe Semi-Trailer Market Snapshot
6.3.1. U.K. Semi-Trailer Market
6.3.2. Germany Semi-Trailer Market
6.3.3. France Semi-Trailer Market
6.3.4. Spain Semi-Trailer Market
6.3.5. Italy Semi-Trailer Market
6.3.6. Rest of Europe Semi-Trailer Market
6.4. Asia-Pacific Semi-Trailer Market Snapshot
6.4.1. China Semi-Trailer Market
6.4.2. India Semi-Trailer Market
6.4.3. Japan Semi-Trailer Market
6.4.4. Australia Semi-Trailer Market
6.4.5. South Korea Semi-Trailer Market
6.4.6. Rest of Asia Pacific Semi-Trailer Market
6.5. Latin America Semi-Trailer Market Snapshot
6.5.1. Brazil Semi-Trailer Market
6.5.2. Mexico Semi-Trailer Market
6.6. Rest of The World Semi-TrailerTrailer Market
Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. China International Marine Containers (Group) Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.2.2. Fontaine Commercial Trailer, Inc.
7.2.3. Great Dane
7.2.4. Kogel Trailer GmbH & Co.KG
7.2.5. Krone Commercial Vehicle Group
7.2.6. Lamberet SAS
7.2.7. Polar Tank Trailer, LLC
7.2.8. Schmitz Cargobull
7.2.9. Utility Trailer Manufacturing Company
7.2.10. Wabash National Corporation

Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now