Semi-Trailer Market

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SEMI-TRAILER MARKET, BY TYPE (FLATBED, LOWBOY,
DRY VAN, REFRIGERATED, TANKERS), TONNAGE (BELOW
25T, 25T50T, 51T100T, ABOVE 100T), NUMBER OF
AXLES (lt3 AXLES, 3-4 AXLES gt4 AXLES), AND
REGION GLOBAL FORECAST TO 2025.
MarketsandMarkets The Semi-Trailer market 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. Expanding cold chain and logistics industry
and increasing use of advanced technologies are
the key drivers for the semi-trailer market.
Increasing disposable income of consumers and the
general push to fresh, healthier products, and
increasing number of quick service restaurants
(QSRs) are impacting the cold chain industry. A
key driver for the growth of the cold chain
industry in recent years has been the growth in
large-format supermarket retailing. The
installation of technically advanced devices such
as temperature recorder with built-in GSM modem
and remote temperature monitoring in the
refrigerated trailers is benefiting trailer
owners and managers in the real-time monitoring
of the trailer. Early buyers will receive 10
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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. Get Sample Report https//www.marketsan
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s than 3 axles segment is estimated to be the
largest segment by number of axles from 2017 to
2025 The market size for semi-trailers with less
than 3 axles is expected to be the largest as
this type of trailers are preferred in Europe
and Asia Pacific. The legally permissible load
that can be transported on
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a semi-trailer depends on the number of axles.
Weight limit and Gross Axle Weight Rating (GAWR)
depend on state laws and are designed for the
safety of the vehicle during operation.
Government regulations on weight limits and
number of axles are driving the market for less
than 3 axles segment. North America Largest
market for semi-trailer North America is
projected to be the largest market for
semi-trailer in 2017. The market growth in the
region can be attributed to numerous factors such
as improving road infrastructure, expanding
supply chain industry, government regulations on
weight carrying capacity and dimensions of
semi-trailer, California's Air Resources Board
(CARB) mandates related to semi-trailer
aerodynamics and the boom in natural gas
industry. Download PDF https//www.marketsandmar
kets.com/pdfdownloadNew.asp?id136867745 The
semi-trailer market is dominated by a few
globally established players such as Wabash (US),
Schmitz Cargobull (Germany), Utility Trailer
(US), Krone (Germany), Kögel (Germany), and CIMC
(China).
Study Coverage The report covers the
semi-trailer market, by volume and value, on the
basis of region (Asia Pacific, Europe, North
America, and RoW), by Type (Flatbed, Lowboy, Dry
Van, Refrigerated, Tankers, and Others), Tonnage
(Below 25t, 25t50t, 51t100t, and above 100t),
Number of axles (lt3 Axles, 3-4 Axles, and gt4
Axles). This report contains various levels of
industry analysis and company profiles, which
highlight emerging and high-growth segments of
this market, competitive landscape, and market
dynamics (drivers, restraints, opportunities, and
challenges).
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