Market Overview:
The global semi-trailer trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for transportation and logistics services across the globe. In addition, the growing construction industry is also contributing to the growth of this market. The global semi-trailer trucks market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into dry van semi-trailers and refrigerated semi-trailers. The refrigerated semitrailer segment is projected to grow at a higher CAGR than that of dry vans during 2018–2030 owing to increase in demand for temperature controlled transportation services across different geographies. By application, it can be classified into construction industry, logistics company, and others segments such as food & beverage sector and automotive sector among others). Among these applications segments, construction industry is expected witness highest growth rate over next decade due primarily driven by increasing infrastructural development activities around world coupled with rising disposable income levels in emerging economies such as China & India . Regionally speaking , North America accounted for largest share in 2017 followed by Europe .
Product Definition:
A semi-trailer truck is a tractor trailer combination vehicle that has a separate, articulated trailer unit that is attached to the rear of the tractor by means of a fifth wheel. The use of semi-trailer trucks is important because they allow for large quantities of goods to be transported over long distances.
Dry Van Semi-Trailer:
Dry van semi-trailer is a trailer unit with no liquid or water transportation of freight. It has a capacity to carry heavy and large weight loads, which are generally used in construction projects, mining activities and other similar industries. The growth factor for dry van semi-trailer market is high as compared to the conventional trailers as it has lesser weight carrying capacity but can accommodate more number of pallets on road at once.
Refrigerated Semi-Trailer:
Refrigerated semi-trailer is a trailer unit with integral refrigeration equipment. It can be connected to any type of semi-trailer truck. Refrigerated semi-trailers are used for transportation of perishable goods such as meat, seafood, dairy products and vegetables which need to be stored at a specific temperature range during the transit.
Application Insights:
The logistics company segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to an increase in demand for semi-trailers by various industries, including automotive, food & beverage and pharmaceuticals. Semi-trailers are widely used by logistics companies as they offer high capacity, safety and stability while transporting a large number of goods.
The construction industry accounted for a significant market share in 2017 owing to increasing residential & commercial constructions across the globe. Construction requires materials that are heavy as well as small such as glass, cement etc., which require frequent loading & unloading throughout the day at different locations within a city or on remote sites near water bodies or highwaysides. Such requirements ensure wide application scope for semi-trailers among various segments of the construction industry such as building & construction material transport services; site equipment transport; general contractors etc., thereby driving their demand over next seven years globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in various sectors, such as manufacturing, warehousing and logistics. In addition, rising demand for semi-trailer trucks for carrying goods from production units to warehouses will drive the market further. Moreover, growing trade activities between Asia Pacific and North America are anticipated to boost product demand in this region over the next eight years.
The European market is also likely to witness significant growth during the same period owing to increasing adoption of these vehicles in industries including food & beverage and transportation & logistics among others. Furthermore, stringent government regulations regarding road safety are expected encourage manufacturers operating within Europe's borders as well as those across its borders with other countries such as Turkey or Russia or Belarus etc., thus driving overall industry revenue over time horizon considered by your analyst friend/colleague/friend etc.
Growth Factors:
- Increasing demand for goods transportation: The growth of the semi-trailer truck market is mainly attributed to the increasing demand for goods transportation across the globe. With globalization and urbanization, there has been a significant increase in trade and commerce activities, which has led to an increase in the need for goods transportation.
- Technological advancements: The semi-trailer truck market is witnessing rapid technological advancements, which is resulting in innovative products with enhanced features being launched in the market. This is helping to boost the sales of semi-trailer trucks globally.
- Rising disposable income: A rise in disposable income leads to an increase in spending on luxury items such as vehicles, thereby boosting demand for semi-trailer trucks globally. Additionally, rising consumer confidence also encourages people to invest more money on durable goods such as vehicles, thereby propelling growth of the global semi-trailer truck market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Semi-trailer Trucks Market Research Report
By Type
Dry Van Semi-Trailer, Refrigerated Semi-Trailer, Other
By Application
Construction Industry, Logistics Company, Others
By Companies
Schmitz Cargobull, Krone, Kogel, WIELTON, CIMC, Schwarzmüller Group, TIRSAN, Mammut Industries, Gorica
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Semi-trailer Trucks Market Report Segments:
The global Semi-trailer Trucks market is segmented on the basis of:
Types
Dry Van Semi-Trailer, Refrigerated Semi-Trailer, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Industry, Logistics Company, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schmitz Cargobull
- Krone
- Kogel
- WIELTON
- CIMC
- Schwarzmüller Group
- TIRSAN
- Mammut Industries
- Gorica
Highlights of The Semi-trailer Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dry Van Semi-Trailer
- Refrigerated Semi-Trailer
- Other
- By Application:
- Construction Industry
- Logistics Company
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Semi-trailer Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Semi-trailer trucks are a type of truck that has the body of a regular truck, but it has the trailer attached to the rear. This allows semi-trailer trucks to transport larger items than regular trucks can, and they are often used for shipping goods.
Some of the major companies in the semi-trailer trucks market are Schmitz Cargobull, Krone, Kogel, WIELTON, CIMC, Schwarzm¼ller Group, TIRSAN, Mammut Industries, Gorica.
The semi-trailer trucks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Semi-trailer Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Semi-trailer Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Semi-trailer Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Semi-trailer Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Semi-trailer Trucks Market Size & Forecast, 2018-2028
4.5.1 Semi-trailer Trucks Market Size and Y-o-Y Growth
4.5.2 Semi-trailer Trucks Market Absolute $ Opportunity
Chapter 5 Global Semi-trailer Trucks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Semi-trailer Trucks Market Size Forecast by Type
5.2.1 Dry Van Semi-Trailer
5.2.2 Refrigerated Semi-Trailer
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Semi-trailer Trucks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Semi-trailer Trucks Market Size Forecast by Applications
6.2.1 Construction Industry
6.2.2 Logistics Company
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Semi-trailer Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Semi-trailer Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Semi-trailer Trucks Analysis and Forecast
9.1 Introduction
9.2 North America Semi-trailer Trucks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Semi-trailer Trucks Market Size Forecast by Type
9.6.1 Dry Van Semi-Trailer
9.6.2 Refrigerated Semi-Trailer
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Semi-trailer Trucks Market Size Forecast by Applications
9.10.1 Construction Industry
9.10.2 Logistics Company
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Semi-trailer Trucks Analysis and Forecast
10.1 Introduction
10.2 Europe Semi-trailer Trucks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Semi-trailer Trucks Market Size Forecast by Type
10.6.1 Dry Van Semi-Trailer
10.6.2 Refrigerated Semi-Trailer
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Semi-trailer Trucks Market Size Forecast by Applications
10.10.1 Construction Industry
10.10.2 Logistics Company
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Semi-trailer Trucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Semi-trailer Trucks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Semi-trailer Trucks Market Size Forecast by Type
11.6.1 Dry Van Semi-Trailer
11.6.2 Refrigerated Semi-Trailer
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Semi-trailer Trucks Market Size Forecast by Applications
11.10.1 Construction Industry
11.10.2 Logistics Company
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Semi-trailer Trucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Semi-trailer Trucks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Semi-trailer Trucks Market Size Forecast by Type
12.6.1 Dry Van Semi-Trailer
12.6.2 Refrigerated Semi-Trailer
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Semi-trailer Trucks Market Size Forecast by Applications
12.10.1 Construction Industry
12.10.2 Logistics Company
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Semi-trailer Trucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Semi-trailer Trucks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Semi-trailer Trucks Market Size Forecast by Type
13.6.1 Dry Van Semi-Trailer
13.6.2 Refrigerated Semi-Trailer
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Semi-trailer Trucks Market Size Forecast by Applications
13.10.1 Construction Industry
13.10.2 Logistics Company
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Semi-trailer Trucks Market: Competitive Dashboard
14.2 Global Semi-trailer Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schmitz Cargobull
14.3.2 Krone
14.3.3 Kogel
14.3.4 WIELTON
14.3.5 CIMC
14.3.6 Schwarzmüller Group
14.3.7 TIRSAN
14.3.8 Mammut Industries
14.3.9 Gorica
