Semi Trailer
PUBLISHED: 2025 ID: SMRC28250
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Semi Trailer

Semi Trailer Market Forecasts to 2030 - Global Analysis By Type (Dry Van Trailers, Refrigerated Trailers, Flatbed Trailers, Tank Trailers, Lowboy Trailers, Curtain Side Trailers and Other Types), Tonnage, Length, Axles, Application and By Geography

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4.5 (46 reviews)
Published: 2025 ID: SMRC28250

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Semi Trailer Market is accounted for $24.2 billion in 2024 and is expected to reach $40.2 billion by 2030 growing at a CAGR of 8.8% during the forecast period. A semi-trailer is a type of trailer used in freight transportation, where part of the trailer's weight is supported by a tractor unit (truck) rather than the trailer's axles. This is achieved by having a rear axle with a coupling mechanism attached to the truck's fifth wheel. Unlike full trailers, a semi-trailer relies on the tractor to carry much of its weight, allowing for more flexible and efficient transportation of large or heavy loads. Semi-trailers are commonly used in long-haul trucking and come in various types, including flatbeds, refrigerated trailers, and box trailers. 

According to Eurostat, over 75% of inland cargo transports within the European Union i.e. about 1,750 billion metric ton-kilometer (tkm), travel by road. In some European territories, this percentage is as high as 90%, or even more. 

Market Dynamics: 

Driver: 
 
Surge in e-commerce

The growth of e-commerce has significantly increased the demand for freight transportation services, particularly semi-trailers designed for large cargo volumes. These vehicles are in high demand due to their ability to transport a wide range of goods, including consumer electronics, clothing, food, and industrial products. The demand for faster delivery times has led logistics companies to invest in more advanced semi-trailers, as customers expect quick shipping and services offering next-day or same-day delivery boosting the market growth. 

Restraint:

High initial capital investment

High initial capital investment in the logistics and transportation industry creates a financial barrier for small businesses and new entrants. Semi-trailers, especially specialized ones, can cost hundreds of thousands of dollars, making it difficult for smaller companies or startups to compete with larger players. This concentration of ownership may reduce competition and potentially increase service prices in the long run, potentially affecting the market.

Opportunity:

Expansion of the global logistics and supply chain

The growth of global trade has led to a surge in the demand for transportation capacity, particularly semi-trailers, which are crucial for transporting goods across long distances. The expansion of global supply chains has resulted in higher volumes of goods being transported, necessitating more semi-trailers to accommodate the increased trade volume. Moreover the demand for specialized semi-trailers has also increased, with more customized semi-trailers being used to transport specific types of goods, such as perishable, fragile, and heavy or oversized goods driving the market. 

Threat:

Stringent regulatory requirements

Semi-trailers must comply with various regulatory requirements across different countries, causing inefficiencies and additional costs. This can increase the complexity of managing international fleets and increase compliance costs. Additionally, stringent regulations in certain regions may limit semi-trailer manufacturers' ability to enter new markets or expand globally. Manufacturers may have to redesign trailers to meet local standards, limiting their ability to compete internationally or leading to higher production costs when targeting multiple markets.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the semi-trailer market, causing disruptions in supply chains, manufacturing delays, and a temporary slowdown in demand. Lockdowns and labor shortages affected production, leading to delays in trailer deliveries. However, the increased demand for e-commerce and the need for efficient logistics and transportation during the pandemic eventually drove a rebound in the market. The crisis highlighted the importance of robust supply chains, fueling long-term investments in semi-trailers to support resilient and efficient global trade and transportation systems.

The dry van trailers segment is expected to be the largest during the forecast period

Over the estimation period, the dry van trailers segment is likely to capture the largest market share owing to their versatility and reliability. They can transport a wide range of goods, including electronics, textiles, packaged food, and furniture. This versatility has led to increased purchases and leasing by logistics companies, freight operators, and fleet owners. Dry van trailers also make up a significant portion of fleets owned by companies in various sectors, such as e-commerce and manufacturing, as they offer a solid return on investment.

The logistics & transportation segment is expected to have the highest CAGR during the forecast period

The logistics & transportation segment is expected to register lucrative growth during the estimation period allowing real-time tracking to monitor trailer locations and optimize routes. This has led to smarter trailers that are more efficient and easier to manage. Automation in the logistics sector is also gaining traction, with semi-trailer manufacturers incorporating intelligent features like automated braking systems, collision avoidance, and trailer stability control systems. 

Region with largest share:

Over the forecast period, the North America region is anticipated to hold the largest market share owing to increased the demand for logistics and transportation solutions, including semi-trailers. These vehicles are crucial for long-haul and last-mile delivery operations due to consumer demands for faster deliveries and companies seeking efficient distribution models. North America's robust logistics infrastructure also necessitates greater reliance on semi-trailers due to the expansion of supply chains, major logistics hubs, ports, and intermodal facilities.

Region with highest CAGR:

Asia Pacific region is expected to register the highest growth rate over the forecast period due to rapid industrialization, particularly in developing countries like India, Vietnam, and Indonesia, is causing a need for efficient and cost-effective transportation solutions. China and India are major contributors to the growth of the APAC semi-trailer market due to their large manufacturing bases and complex logistics needs. Governments are investing heavily in logistics infrastructure to meet this growing demand.

Key players in the market

Some of the key players in Semi Trailer market include East Manufacturing Corporation, Fontaine Trailer, Great Dane A Division of Great Dane LLC., Hyundai Translead, Kentucky Trailer, Kögel, KRONE Trailer, Lamberet SAS, Mac Trailer Manufacturing Inc., Polar Tank Trailer., Premier Trailer Mfg. Inc., Qingdao CIMC Special Vehicles Co., Ltd, Schmitz Cargobull., Utility Trailer Manufacturing Company and Wabash National Corporation.

Key Developments:

In March 2024, Hyundai Translead announced the appointment of Truck Center Companies as its dealer for the state of Nebraska. This exciting partnership marks a significant milestone in our ongoing commitment to providing unparalleled service to our valued customers.

In March 2024, Hyundai Translead, announced the grand opening of its new Innovation Lab (iLab). The cutting-edge facility will serve as a hub for customer driven innovation and creativity, as Hyundai Translead continues to push the boundaries of what is possible in the transportation industry.

Types Covered:
• Dry Van Trailers
• Refrigerated Trailers
• Flatbed Trailers
• Tank Trailers
• Lowboy Trailers
• Curtain Side Trailers
• Other Types 

Tonnages Covered:
• Below 25T
• 25-50T
• 51-100T
• Above 100T  

Lengths Covered:
• Up to 45 Feet
• Above 45 Feet  

Axles Covered:
• <3 Axles
• 3-4 Axles
• 4 Axles 

Applications Covered:
• Logistics & Transportation 
• Construction 
• Oil & Gas 
• Food & Beverage 
• Automotive 
• Agriculture 
• Waste Management 
• Other Applications  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface    
     
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Application Analysis       
 3.7 Emerging Markets        
 3.8 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Semi Trailer Market, By Type       
 5.1 Introduction        
 5.2 Dry Van Trailers        
 5.3 Refrigerated Trailers       
 5.4 Flatbed Trailers        
 5.5 Tank Trailers        
 5.6 Lowboy Trailers        
 5.7 Curtain Side Trailers       
 5.8 Other Types        
           
6 Global Semi Trailer Market, By Tonnage       
 6.1 Introduction        
 6.2 Below 25T        
 6.3 25-50T         
 6.4 51-100T         
 6.5 Above 100T        
           
7 Global Semi Trailer Market, By Length       
 7.1 Introduction        
 7.2 Up to 45 Feet        
 7.3 Above 45 Feet        
           
8 Global Semi Trailer Market, By Axles       
 8.1 Introduction        
 8.2 <3 Axles         
 8.3 3-4 Axles         
 8.4 4 Axles         
           
9 Global Semi Trailer Market, By Application      
 9.1 Introduction        
 9.2 Logistics & Transportation       
 9.3 Construction        
 9.4 Oil & Gas         
 9.5 Food & Beverage        
 9.6 Automotive        
 9.7 Agriculture        
 9.9 Waste Management       
 9.9 Other Applications        
           
10 Global Semi Trailer Market, By Geography      
 10.1 Introduction        
 10.2 North America        
  10.2.1 US        
  10.2.2 Canada        
  10.2.3 Mexico        
 10.3 Europe         
  10.3.1 Germany        
  10.3.2 UK        
  10.3.3 Italy        
  10.3.4 France        
  10.3.5 Spain        
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan        
  10.4.2 China        
  10.4.3 India        
  10.4.4 Australia        
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil        
  10.5.3 Chile        
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia       
  10.6.2 UAE        
  10.6.3 Qatar        
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa      
           
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions        
 11.5 Other Key Strategies       
           
12 Company Profiling         
 12.1 East Manufacturing Corporation       
 12.2 Fontaine Trailer        
 12.3 Great Dane A Division of Great Dane LLC.      
 12.4 Hyundai Translead        
 12.5 Kentucky Trailer        
 12.6 Kögel         
 12.7 KRONE Trailer        
 12.8 Lamberet SAS        
 12.9 Mac Trailer Manufacturing Inc.       
 12.10 Polar Tank Trailer.        
 12.11 Premier Trailer Mfg. Inc.       
 12.12 Qingdao CIMC Special Vehicles Co., Ltd      
 12.13 Schmitz Cargobull.        
 12.14 Utility Trailer Manufacturing Company      
 12.15 Wabash National Corporation       
           
List of Tables          
1 Global Semi Trailer Market Outlook, By Region (2022-2030) ($MN)    
2 Global Semi Trailer Market Outlook, By Type (2022-2030) ($MN)    
3 Global Semi Trailer Market Outlook, By Dry Van Trailers (2022-2030) ($MN)   
4 Global Semi Trailer Market Outlook, By Refrigerated Trailers (2022-2030) ($MN)   
5 Global Semi Trailer Market Outlook, By Flatbed Trailers (2022-2030) ($MN)   
6 Global Semi Trailer Market Outlook, By Tank Trailers (2022-2030) ($MN)    
7 Global Semi Trailer Market Outlook, By Lowboy Trailers (2022-2030) ($MN)   
8 Global Semi Trailer Market Outlook, By Curtain Side Trailers (2022-2030) ($MN)   
9 Global Semi Trailer Market Outlook, By Other Types (2022-2030) ($MN)    
10 Global Semi Trailer Market Outlook, By Tonnage (2022-2030) ($MN)    
11 Global Semi Trailer Market Outlook, By Below 25T (2022-2030) ($MN)    
12 Global Semi Trailer Market Outlook, By 25-50T (2022-2030) ($MN)    
13 Global Semi Trailer Market Outlook, By 51-100T (2022-2030) ($MN)    
14 Global Semi Trailer Market Outlook, By Above 100T (2022-2030) ($MN)    
15 Global Semi Trailer Market Outlook, By Length (2022-2030) ($MN)    
16 Global Semi Trailer Market Outlook, By Up to 45 Feet (2022-2030) ($MN)    
17 Global Semi Trailer Market Outlook, By Above 45 Feet (2022-2030) ($MN)   
18 Global Semi Trailer Market Outlook, By Axles (2022-2030) ($MN)    
19 Global Semi Trailer Market Outlook, By <3 Axles (2022-2030) ($MN)    
20 Global Semi Trailer Market Outlook, By 3-4 Axles (2022-2030) ($MN)    
21 Global Semi Trailer Market Outlook, By 4 Axles (2022-2030) ($MN)    
22 Global Semi Trailer Market Outlook, By Application (2022-2030) ($MN)    
23 Global Semi Trailer Market Outlook, By Logistics & Transportation (2022-2030) ($MN)  
24 Global Semi Trailer Market Outlook, By Construction (2022-2030) ($MN)    
25 Global Semi Trailer Market Outlook, By Oil & Gas (2022-2030) ($MN)    
26 Global Semi Trailer Market Outlook, By Food & Beverage (2022-2030) ($MN)   
27 Global Semi Trailer Market Outlook, By Automotive (2022-2030) ($MN)    
28 Global Semi Trailer Market Outlook, By Agriculture (2022-2030) ($MN)    
29 Global Semi Trailer Market Outlook, By Waste Management (2022-2030) ($MN)   
30 Global Semi Trailer Market Outlook, By Other Applications (2022-2030) ($MN)   
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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