Semi Trailers Market

Semi Trailers Market

Semi-Trailers Market Forecasts to 2030 - Global Analysis By Type (Refrigerated Trailers, Lowboy Trailers, Flat Bed Trailer, Tankers, Dry Vans and Other Types), Material, Tonnage, End User and By Geography

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Published: 2024 ID: SMRC26123

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Semi-Trailer Market is accounted for $36.7 billion in 2023 and is expected to reach $61.3 billion by 2030 growing at a CAGR of 7.6% during the forecast period. A semi-trailer is a type of trailer that is typically pulled by a truck or tractor unit and is designed to carry freight or goods. Unlike a full trailer, which has front and rear axles and is pulled by a hitch connected to a vehicle, a semi-trailer has only rear axles and is attached to the tractor unit using a fifth wheel coupling. Semi-trailers are commonly used in the transportation industry for moving large quantities of cargo over long distances. They come in various sizes and configurations, including flatbeds, refrigerated trailers (reefers), dry vans, tankers, and specialized trailers for carrying specific types of goods like automobiles or livestock.

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: 


Increasing reliance on road transportation

The market is witnessing a significant shift towards increased reliance on road transportation. This trend is primarily driven by several factors such as improved road infrastructure, flexible delivery schedules, and cost-effectiveness compared to other modes like rail or sea transport. Additionally, advancements in technology have led to more efficient and reliable semi-trailers, further boosting their popularity among businesses seeking streamlined logistics solutions.


Focus on lightweight trailers

Lightweight trailers face several challenges in the semi-trailer market. Balancing weight reduction with structural integrity is crucial, as lighter materials can compromise durability. Cost considerations play a role, as advanced materials can be expensive to manufacture and repair. Regulatory standards and safety requirements often necessitate specific engineering solutions for lightweight trailers. These challenges collectively impact the adoption and competitiveness of lightweight trailers in the semi-trailer market.


Demand for cold chain products

The demand for cold chain products in the semi-trailer market is experiencing significant growth due to the increasing need for temperature-sensitive transportation. Industries such as pharmaceuticals, food and beverages, and healthcare rely heavily on cold chain logistics to maintain product integrity. This trend is driving the adoption of specialized semi-trailers equipped with advanced refrigeration systems and temperature monitoring technologies, catering to the rising demand for efficient and reliable cold chain solutions.


Infrastructure issues

Inadequate transportation routes and congestion at ports hinder timely deliveries, leading to increased costs and supply chain disruptions. Insufficient storage facilities further exacerbate these issues, limiting inventory management capabilities. Additionally, outdated or insufficiently equipped warehouses struggle to handle the volume and variety of trailers, impacting overall efficiency and customer satisfaction. Addressing these infrastructure gaps is crucial for the sustained growth and competitiveness of the market.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the semi-trailer market, causing disruptions in production, supply chains, and demand. Lockdowns and restrictions led to decreased manufacturing output and delayed deliveries. Fluctuating raw material prices also added to the challenges, affecting profit margins. However, the market showed resilience with a shift in focus towards essential goods transportation. Increased e-commerce activities also boosted demand for logistics, driving some recovery.

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

The lowboy trailers segment is expected to be the largest during the forecast period. Their low deck height and detachable gooseneck design make them ideal for hauling tall equipment like construction machinery, industrial components, and large vehicles. Lowboys offer enhanced stability and easier loading/unloading, making them preferred for specialized transportation needs. With advancements in materials and design, modern lowboy trailers ensure efficient and safe transportation of bulky cargo, contributing significantly to the logistics industry.

The agriculture segment is expected to have the highest CAGR during the forecast period

The agriculture segment is expected to have the highest CAGR during the forecast period. These trailers offer high load capacity, durability, and flexibility in handling various crops and equipment. Advancements in trailer design, such as adjustable height and improved suspension systems, further enhance their suitability for agricultural use. Additionally, the adoption of technology like GPS tracking and telematics improves efficiency and safety in farm-to-market transportation, driving the growth of this market segment.

Region with largest share:

North America is projected to hold the largest market share during the forecast period driven by the region's vast landmass, extensive road networks, and strong demand for freight transportation. The industry has seen significant technological advancements, such as the integration of telematics for fleet management, aerodynamic designs to improve fuel efficiency, and safety features like collision mitigation systems and trailer tracking.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period driven by increasing demand for efficient transportation solutions. Ongoing infrastructure projects, including road construction, highways, ports, and logistics parks, are driving the demand for heavy-duty and specialized semi-trailers. Stringent emission norms and regulations promoting safer and more fuel-efficient vehicles have also influenced the market, with manufacturers focusing on developing technologically advanced semi-trailers.

Key players in the market

Some of the key players in Semi-Trailer market include Kögel Trailer GmbH & Co. KG, CIMC Vehicles Group Co., Ltd., Sinotruk (Hong Kong) Limited, Kässbohrer Fahrzeugwerke GmbH, Vanguard National Trailer Corporation, Stoughton Trailers, LLC, Trail King Industries, Inc., Fontaine Trailer Company, Inc., MAC Trailer Manufacturing, Inc., Heil Trailer International, East Manufacturing Corporation, Great Dane Trailers, Hyundai Translead, Utility Trailer Manufacturing Company, Schmitz Cargobull AG, MaxiTRANS, Doepker Industries Ltd., Manac Inc. and Wilson Trailer Company.

Key Developments:

In April 2023, MaxiTRANS, Australia's heavy-duty, locally manufactured semi-trailer solutions supplier partnered with Schmitz Cargobull, the International OEM and European trailer market player. Schmitz Cargobull is now a stakeholder in MaxiTRANS, and the two firms collaborated to expand their presence in the Australian trailer industry.

In April 2023, Schmitz Cargobull and Trimble partnered to boost data-driven freight forwarding. Trailer manufacturer Schmitz Cargobull partnered with technology company Trimble to enable freight forwarders to use real-time data more effectively.

Types Covered:
• Refrigerated Trailers
• Lowboy Trailers
• Flat Bed Trailer
• Tankers
• Dry Vans
• Other Types

Materials Covered:
• Steel 
• Aluminum 
• Composite 
• Wood
• Other Materials 

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

End Users Covered:
• Transportation and Logistics
• Construction and Heavy Equipment
• Agriculture
• Oil and Gas Industry
• Refrigerated Transport
• Other End Users 

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 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 2021, 2022, 2023, 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 End User 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 Refrigerated Trailers    
 5.3 Lowboy Trailers     
 5.4 Flat Bed Trailer     
 5.5 Tankers      
 5.6 Dry Vans      
 5.7 Other Types     
6 Global Semi-Trailer Market, By Material    
 6.1 Introduction     
 6.2 Steel       
 6.3 Aluminum      
 6.4 Composite      
 6.5 Wood      
 6.6 Other Materials     
7 Global Semi-Trailer Market, By Tonnage    
 7.1 Introduction     
 7.2 Below 25 T     
 7.3 25 T-50 T      
 7.4 51 T-100 T     
 7.5 Above 100 T     
8 Global Semi-Trailer Market, By End User    
 8.1 Introduction     
 8.2 Transportation and Logistics    
 8.3 Construction and Heavy Equipment   
 8.4 Agriculture     
 8.5 Oil and Gas Industry     
 8.6 Refrigerated Transport    
 8.7 Other End Users     
9 Global Semi-Trailer Market, By Geography   
 9.1 Introduction     
 9.2 North America     
  9.2.1 US     
  9.2.2 Canada     
  9.2.3 Mexico     
 9.3 Europe      
  9.3.1 Germany     
  9.3.2 UK     
  9.3.3 Italy     
  9.3.4 France     
  9.3.5 Spain     
  9.3.6 Rest of Europe    
 9.4 Asia Pacific     
  9.4.1 Japan     
  9.4.2 China     
  9.4.3 India     
  9.4.4 Australia     
  9.4.5 New Zealand    
  9.4.6 South Korea    
  9.4.7 Rest of Asia Pacific    
 9.5 South America     
  9.5.1 Argentina    
  9.5.2 Brazil     
  9.5.3 Chile     
  9.5.4 Rest of South America   
 9.6 Middle East & Africa    
  9.6.1 Saudi Arabia    
  9.6.2 UAE     
  9.6.3 Qatar     
  9.6.4 South Africa    
  9.6.5 Rest of Middle East & Africa   
10 Key Developments      
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 10.2 Acquisitions & Mergers    
 10.3 New Product Launch    
 10.4 Expansions     
 10.5 Other Key Strategies    
11 Company Profiling      
 11.1 Kögel Trailer GmbH & Co. KG    
 11.2 CIMC Vehicles Group Co., Ltd.    
 11.3 Sinotruk (Hong Kong) Limited    
 11.4 Kässbohrer Fahrzeugwerke GmbH   
 11.5 Vanguard National Trailer Corporation   
 11.6 Stoughton Trailers, LLC    
 11.7 Trail King Industries, Inc.    
 11.8 Fontaine Trailer Company, Inc.   
 11.9 MAC Trailer Manufacturing, Inc.   
 11.10 Heil Trailer International    
 11.11 East Manufacturing Corporation   
 11.12 Great Dane Trailers     
 11.13 Hyundai Translead     
 11.14 Utility Trailer Manufacturing Company   
 11.15 Schmitz Cargobull AG    
 11.16 MaxiTRANS     
 11.17 Doepker Industries Ltd.    
 11.18 Manac Inc.     
 11.19 Wilson Trailer Company    
List of Tables       
1 Global Semi-Trailer Market Outlook, By Region (2021-2030) ($MN) 
2 Global Semi-Trailer Market Outlook, By Type  (2021-2030) ($MN) 
3 Global Semi-Trailer Market Outlook, By Refrigerated Trailers (2021-2030) ($MN)
4 Global Semi-Trailer Market Outlook, By Lowboy Trailers (2021-2030) ($MN)
5 Global Semi-Trailer Market Outlook, By Flat Bed Trailer (2021-2030) ($MN)
6 Global Semi-Trailer Market Outlook, By Tankers (2021-2030) ($MN) 
7 Global Semi-Trailer Market Outlook, By Dry Vans (2021-2030) ($MN) 
8 Global Semi-Trailer Market Outlook, By Dump  (2021-2030) ($MN) 
9 Global Semi-Trailer Market Outlook, By Other Types (2021-2030) ($MN) 
10 Global Semi-Trailer Market Outlook, By Material (2021-2030) ($MN) 
11 Global Semi-Trailer Market Outlook, By Steel  (2021-2030) ($MN) 
12 Global Semi-Trailer Market Outlook, By Aluminum  (2021-2030) ($MN) 
13 Global Semi-Trailer Market Outlook, By Composite  (2021-2030) ($MN) 
14 Global Semi-Trailer Market Outlook, By Wood (2021-2030) ($MN) 
15 Global Semi-Trailer Market Outlook, By Other Materials (2021-2030) ($MN)
16 Global Semi-Trailer Market Outlook, By Tonnage (2021-2030) ($MN) 
17 Global Semi-Trailer Market Outlook, By Below 25 T (2021-2030) ($MN) 
18 Global Semi-Trailer Market Outlook, By 25 T-50 T (2021-2030) ($MN) 
19 Global Semi-Trailer Market Outlook, By 51 T-100 T (2021-2030) ($MN) 
20 Global Semi-Trailer Market Outlook, By Above 100 T (2021-2030) ($MN) 
21 Global Semi-Trailer Market Outlook, By End User (2021-2030) ($MN) 
22 Global Semi-Trailer Market Outlook, By Transportation and Logistics (2021-2030) ($MN)
23 Global Semi-Trailer Market Outlook, By Construction and Heavy Equipment (2021-2030) ($MN)
24 Global Semi-Trailer Market Outlook, By Agriculture (2021-2030) ($MN) 
25 Global Semi-Trailer Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)
26 Global Semi-Trailer Market Outlook, By Refrigerated Transport (2021-2030) ($MN)
27 Global Semi-Trailer Market Outlook, By Other End Users (2021-2030) ($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

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

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