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Dry van is estimated to hold the largest market share during the forecast period

The market size for dry van semi-trailers is estimated to be the highest in 2017 and is projected to remain predominant during the forecast period. The production of dry van semi-trailers is estimated to be the highest, followed by flatbed, refrigerated, low boy, others, and tankers. Developing countries such as China and India have witnessed significant infrastructural and economic growth, which has increased the demand for dry van semi-trailers. The growth in retail, fast moving consumable goods (FMCG), fast moving consumable durable (FMCD) industries is driving the market for dry van, particularly in Asia Pacific.

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Dry van is estimated to hold the largest market share during the forecast period

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  1. Increasing Use of Advanced Technologies to Boost the Demand for Semi-Trailer Market The report "Semi-Trailer Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers), Tonnage (Below 25T, 25T–50T, 51T–100T, Above 100T), Number of Axles (<3 Axles, 3-4 Axles & >4 Axles), and Region - Global Forecast to 2025", is projected to grow at a CAGR of 4.98% during the forecast period, to reach USD 37.34 Billion by 2025 from an estimated USD 25.32 Billion in 2017. The global semi-trailer market is estimated to be USD 25.32 Billion in 2017 and is projected to grow at a CAGR of 4.98% during the forecast period to reach USD 37.34 Billion by 2025. Some of the major drivers of the market are the expanding cold chain industry and increasing use of advanced technologies that boost the demand of semi-trailer. Innovations in semi-trailer platooning and electric semi-trailer truck can create new revenue generation opportunities for semi-trailer manufacturers. Whereas, manufacturing of lightweight semi-trailer, maintenance cost, and lowering the total cost of ownership are creating challenges for semi-trailer manufacturers. Browse 72 market data Tables and 45 Figures spread through 136 Pages and in-depth TOC on "Semi-Trailer Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers), Tonnage (Below 25T, 25T–50T, 51T– 100T, Above 100T), Number of Axles (<3 Axles, 3-4 Axles & >4 Axles), and Region - Global Forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/semi-trailer-market-136867745.html Early buyers will receive 10% customization on reports. On the basis of tonnage, below 25t segment is estimated to hold the largest share of the global market in 2017. This segment is estimated to grow at a significant CAGR and is expected to remain the largest segment during the forecast period. The growth of this segment is driven by government regulations regarding weight carrying capacity for road safety. On the basis of number of axles, the less than 3 axles segment is estimated to account for the largest share of the global semi-trailer market and is anticipated to remain the largest segment during the forecast period as this type of trailers are preferred in Europe and Asia Pacific for the transportation of load below 50 tons. Market Ecosystem: The semi-trailer market ecosystem consists of manufacturers such as Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and Great Dane Trailers (US), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

  2. Target Audience Semi-trailer manufacturers Cold supply chain service providers Third party logistics players Automobile organizations/associations Compliance regulatory authorities Government agencies Information Technology (IT) companies & System integrators Investors and Venture Capitalists (VCs) Suppliers of raw material for semi-trailer Traders, distributors, and suppliers of semi-trailer Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=136867745 Global key players in semi-trailer market The semi-trailer market is dominated by a few global players and comprises several regional players. The key players in the semi-trailer market are Schmitz Cargobull (Germany), Krone (Germany), and Wabash (US). Expansion and new product developments are the key strategies adopted by these players to gain traction in the semi-trailer market. Schmitz Cargobull (Germany) has adopted expansion and new product development as key strategies to strengthen its market leadership in the semi-trailer market. For instance, in the past 4 years, Schmitz Cargobull has done 3 business expansions and a couple of supply contracts. In October 2017, the company expanded its business by opening a new plant in Adapazari, Turkey. This multi-production plant (MPP) is dedicated to assembling both curtainsiders and box bodies. The plant is initially planned to handle up to 3,400 units per year. By doing this expansion, the company is aiming to achieve Turkish market share of about 30%. In October 2014, the company commenced production at its new manufacturing facility in Wuhan, China. The company established this plant through a joint venture with Dongfeng Motor Group (China). It shows that the company is trying to expand its business outside of Europe. Apart from these expansions, the company has developed couple of new products in the past 4 years. In May 2015, Schmitz Cargobull introduced MultiTemp transport refrigeration unit with new roof-mounted evaporator. This new product allows transportation of various goods requiring different temperatures in the same trailer. In September 2014, the company developed a new curtainsider semi-trailer, S.CS GENIOS, with a redesigned body. This model features an advanced generation chassis manufactured using cold rolling process. The company invested more than USD 53.2 million for product development and the expansion of its manufacturing facility. Krone (Germany) adopted expansion as a key business strategy to strengthen its market position. The company has done 5 supply contracts in past 4 years to serve its customers. In May 2017, the company

  3. supplied 134 Profi Liners to Blue Water Shipping in Denmark. These Profi Liners are equipped with KRONE Telematics using which Blue Water Shipping is planning to ensure optimum fleet control. In March 2017, Krone supplied 10 semi-trailers from the Dry Liner dry case model series to Benway Marine & Logistics GmbH & Co. KG, Germany. The lightweight design allows it to be more fuel efficient. The real-time monitoring features of telematics makes the vehicle’s journey transparent, traceable, and secure. In January 2017, Krone supplied 80 Profi Liner model semi-trailers to CTJ Janssen GmbH. CTJ would get flexibility for its warehouse logistics business with the use of Profi Liner model semi-trailer. With the focus on supply contracts in past few years, in January 2015, the company acquired the complete ownership of Krone Doðuþ Treyler A.S. (Turkey), a joint venture between Fahrzeugwerk Bernard Krone GmbH and Doðuþ Otomotiv. The joint venture was for production of trailers in Turkey and the acquisition would help Krone to expand in the emerging Turkish and neighboring markets. Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=136867745 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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