Semi-Trailer Market Size To Expand at a Notable CAGR During 2019 -2023. Global Semi-Trailer Market Information Report by Type (Flatbed, Lowboy, Dry van, Refrigerated, Tankers, Others), By Tonnage (Below 25 t, 25 t – 50 t, 51 t – 100 t and Above 100 t), By Axle count (4 axles) and By Region - Forecast To 2023.

A semi-trailer is a trailer without a front axle that is used extensively. The factors leading to the growth of the semi-trailer market are the growing cold chain industry, and the increase in the use of advanced technologies such as telematics and stability control. The growth of the cold chain industry can be attributed to the growth in large-format supermarket retailing. The installation of advanced devices such as temperature recorder with built-in GSM modem and remote temperature monitoring in the refrigerated trailers, is benefitting trailer owners and managers in the real-time monitoring of the trailer, thereby driving the growth of the market.

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The prominent players in the global semi-trailer market include Wabash National Corporation (US), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co.KG (Germany), Great Dane Trailers (US), American Trailer & Storage (U.S.), PACCAR Inc. (U.S.), China International Marine Containers (Group) Co. Ltd. (China), Utility Trailer Manufacturing Company (U.S.), Schmitz Cargobull AG (Germany), and Great Dane Limited Partnership (U.S).

Based on tonnage, the global semi-trailer market has been segmented as below 25 t, 25 t – 50 t, 51 t – 100 t and above 100 t.  Amongst these, below 25t segment, is expected to hold the largest market share. It has also been projected to grow at a high CAGR over the forecast period, owing to the introduction of government regulations regarding weight carrying capacity for road safety.

Based on type, the market has been segmented as flatbed, lowboy, dry van, refrigerated, tankers and others. Amongst these, dry van segment is expected to hold the largest share of the market, during the forecast period, owing to the huge production of such type of semi-trailers, across the globe. Dry vans represent majority of the sales in the market and constitute a large percentage of total semi-trailer miles travelled. The van semi-trailer market is highly consolidated, with the top five companies making up the majority of the share in the market size of the semi-trailer market. Worldwide, freight vehicles are a major contributor in fuel consumption and climate change emissions in the on-road transportation sector. Thus, semi-trailers that are used as freight vehicles, are expected to grow significantly over the forecast period.

Developing countries such as China and India are witnessing significant infrastructural and economic growth, which in turn leads to an increase in the demand for dry van semi-trailers. The other factors driving the growth of this segment are the growth in retail, fast moving consumable goods and fast moving consumable durable industries.

More Details On This Report @ https://www.marketwatch.com/press-release/semi-trailer-market-2018-global-growth-size-share-trends-emerging-technologies-competitive-analysis-and-regional-forecast-to-2023-2018-11-20

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