The global semi-trailer industry market is expected to rise at a CAGR of 6.0 percent from USD 30.5 billion in 2020 to USD 54.5 billion in 2027. Because of the strong inland accessibility in many regions and the cost advantages, it provides over other modes of transportation, road transportation is a commonly used form of goods transportation. Growing manufacturing activities, urbanisation, the need for efficient transportation, and the expansion of rural area road networks are all driving the semi-trailer industry forward.

Over the forecast period, the growing use of alternative fuels is expected to drive the road freight transportation market's growth prospects. Semi-trailer manufacturers are designing and implementing advanced technologies to improve vehicle performance. For example, Ekeri, a Finnish company, built a semi-trailer with a side opening design that is expected to save 30 minutes on each regular run.

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Semi-trailers are being renovated and transformed by technologies such as telematics, electrification, digitalization, and autonomous driving. New opportunities, such as advanced trailer telematics and AI-based optimization, will emerge as emerging technologies advance, reducing congestion, usage, and costs.

The empty weight of a vehicle contributes significantly to fuel consumption and CO2 emissions in road haulage. Reduced weight, interchangeable bodies, and cost competitiveness are now the top consumer demands for modern urban articulated trailers.

COVID-19 has resulted in lockdowns, which has resulted in a reduction in industrial production. As a result, demand for semi-trailers has been poor. Semi-trailer production and sales also decreased as the global supply chain ecosystem was disrupted.

Key Players

• Wabash National Corporation
• Kögel Trailer GmbH & Co.KG
• Great Dane Trailers
• American Trailer & Storage
• PACCAR Inc
• China International Marine Containers (Group) Co. Ltd.
• Utility Trailer Manufacturing Company
• Schmitz Cargobull AG
• Great Dane Limited Partnership
• Fahrzeugwerk Bernard Krone
• KRONE GMBH & CO. KG
• HYUNDAI TRANSLEAD
• LAMBERET SAS
• Wilhelm Schwarzmüller GmbH
• Doepker Industries Limited
• Fontaine Commercial Trailer
• Polar Tank
• Trail King Industries
• Pitts Trailers
• East Manufacturing Corporation
• Mac Trailer Enterprises Inc.
• Strick Trailers
• STI HOLDINGS
• HEIL TRAILER INTERNATIONAL
• Vanguard National Trailer Corp.