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(USGovernment-News.Com, July 04, 2019 ) 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 for 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.
Some of the major players in the global market are Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and Great Dane Trailers (US).
The global market is segmented on the basis of type, tonnage, number of axles, and region. The report discusses six semi-trailer types, namely, flatbed, low boy, dry van, refrigerated, tanker, and others. The other segment includes tipper and dumps semi-trailer. Dry van semi-trailer segment held the largest share in the global market and is estimated to grow with the highest CAGR during the forecast period, due to its wide applications in multiple industries. These trailers are used by LTL and FTL fleet operators for their operations because of their versatility and cost efficiency.
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 a number of axles, the less than 3 axles segment is estimated to account for the largest share of the global market and is anticipated to remain the largest segment during the forecast period as this type of trailers are preferred in Europe and the Asia Pacific for the transportation of load below 50 tons.
•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
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