News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(EMAILWIRE.COM, March 15, 2019 ) According to the new market research report "Semi-Trailer Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers), Tonnage (Below 25T, 25T–50T, 51T–100T, Above 100T), Number of Axles (4 Axles), and Region - Global Forecast to 2025",published by MarketsandMarkets™, The global semi-trailer market is projected to grow from USD 25.32 billion in 2017 to reach USD 37.34 billion by 2025 at a CAGR of 4.98% during the forecast period (2017–2025).
Expanding cold chain industry, increasing use of advanced technologies such as telematics and stability control are expected to boost the demand for semi-trailer market. However, local players in the unorganized sector in developing countries are a restraining factor for the semi-trailer market. Modern technologies such as semi-trailer platooning and electric semi-trailer truck have lots of development opportunities in the near future. On the other hand, lightweight semi-trailers and lowering the total cost of ownership (TCO) will be the challenging factors for semi-trailer market in the future.
Browse and in-depth TOC on "Semi-Trailer Market" 72 - Tables 45 - Figures 136 - Pages
“Below 25t segment to remain predominant during the forecast period”
Below 25t segment is estimated to hold the largest share of the global semi-trailer market in 2017. The segment is estimated to grow at a significant CAGR and is expected to remain the largest market during the forecast period. The growth of this segment is driven by government regulations regarding weight carrying capacity for road safety.
“Asia Pacific to surpass North America during the forecast period”
The North America region is estimated to hold the largest share of a global semi-trailer in the year 2017. However, Asia Pacific is projected to grow at the highest CAGR and surpass North America during the forecast period. The expansion of logistics and supply chain industry is expected to fuel the semi-trailer market in the Asia Pacific region.
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 7500 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, "Knowledge Store" 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 Email: sales@marketsandmarkets.com
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
