Semi-Trailer Market Analysis From 2018 To 2023. Semi-Trailer Market 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.

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Global Semi-Trailer Market Highlights:

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.

The market is expected to have growth opportunities in the forecast period with the rapid adoption of modern technologies such as semi-trailer platooning and electric semi-trailer truck. The market is also expected to grow with the adoption of electronic braking systems, as an opportunity. However, the growth of this market is expected to be restrained by the existence of local players in unorganized sector, and transportation of goods through sea and air. The growth of this market could also be challenged by lightweight semi-trailers and lowering the total cost of ownership (TCO). A tractor with a semi-trailer has an articulation point (where it pivots), which makes backing up more complex, thereby restraining the growth of the market. Tractor semi-trailers account for the largest percentage of vehicle-kilometers traveled, leading to the growth in fuel consumption and emissions from heavy-duty vehicles. Thus, tractor semi-trailers are expected to represent majority of the diesel fuel use and greenhouse gas (GHG) emissions from the on-road heavy-duty sector, which will in turn demand for higher R&D for the development of efficient tractor semi-trailers.

The global semi-trailer market has seen remarkable growth in the global market and it has been observed that, its demand in future is expected to grow at the CAGR of ~5%.

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