The global semi-trailer market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of semi-trailer will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
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Semi-Trailer Market Companies Analyzed in report are: Wabash National Corporation (US), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co.KG (Germany), and Great Dane Trailers (US), American Trailer & Storage (U.S.), PACCAR Inc. (U.S.), China International Marine Containers (Group) Co. Ltd. (China), Utility Trailer Manufacturing Company (the U.S.), Schmitz Cargobull AG (Germany), and Great Dane Limited Partnership (the U.S).
Internationally, on-street cargo is broadly used for transportation in spite of certain shortcomings, like, high GHS (Green House Gas Consumption) and tremendous fuel utilization. Heavy duty trailers are amongst the most utilized transport vehicles for development of merchandise over the globe. Rising fuel costs and strict environmental controls have expanded the interest for cutting edge trailer advancements among armada proprietors. Logistic partners are slowly moving towards owning lighter semi-trailers which enhance fuel effectiveness, decrease working costs, improve the trailer maintenance cost and extend resource network along with versatile resource efficiency. Attributable to a large number of advantages, for example, these, advanced semi-trailer vehicles including telematics and security frameworks have been foreseen to witness a critical positive response. The vast majority of the makers are moving their focus towards cutting edge suspension frameworks fit for taking care of additional weight.
Moreover, the semi-trailer market and its mouth publicity is likely anticipated to get a boost because of emission and fuel efficiency in a controlled environment, as in case of Europe and the U.S. With the overall emission standards, end clients are requesting sizeable advancement in technology at low costs. This pattern is pushing trailer owners to broaden the average size and life span of semi-trailers, regardless of their working condition; thus providing them a technology makeover. Ascribing to these components, there has been a decrease in the interest for substitution of old trailers. Trailer owners today look for cutting edge innovation and gear in accordance with the advancing interest for tractor trailers. Regardless of this, the cargo transport industry and government have their sense of duty regarding environmental concerns and enhance the street conditions for better transportation efficiency; subsequently guaranteeing long haul development of the semi-trailer showcase. Throughout the years, businesses, like, automobile, retail, logistics and cargo and others rely upon the semi-trailer portion to transport their consignment. Semi-trailers are generally utilized as a part of the retail industry for every day transportation of products and materials. The highlighting difference between the semi-trailer and conventional trailer is the technical advancement obtained in the semi-trailer and that too at cheap and affordable rates.
The Global Semi-Trailer Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Flatbed, Lowboy, Dry van, Refrigerated and Tankers. Segmentation by Tonnage : Comprises Below 25 T, 25 T – 50 T, 51 T – 100 T and Above 100 T.
Segmentation by Axle count: Comprises (< 3 axles, 3–4 axles, >4 axles)
Segmentation by Regions: Comprises regions – North America, Europe, APAC and Rest of the World (RoW).
The Global Semi-Trailer Market is seeing an explosive growth due to the development in infrastructure on a global level. The North America region (comprising of the U.S. and Canada) have huge empty land spaces. These countries are both developed and comparatively less population density. Thus empty roads and basically huge & vast stretches of land for building infrastructure is the highlighting point of this region. The Europe market is traditionally known to house some of the tastiest delicacies with the best rated hotels in the world accumulated here. For the same, these high profile hotels, prefer to procure raw materials (like meat, fish, and milk and dairy products, grocery in general) via the expensive but reliable route of cold chain storage. The cold storage is one of the world’s costliest ways to procure food but is also the most reliable way to get fresh food. The Asia Pacific region with its large population is known to prefer food of different varieties and cuisines. This can be again achieved using the cold storage technology. Thus, it can be seen that the growth of the semi-trailer market is unavoidable and will occur at an unprecedented rate due to the factors like globalization and ease of logistical options.
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Target Audience of Report:
This report mainly focuses on Semi-Trailer market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Semi-Trailer market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Semi-Trailer market studied.
Industry/ Innovation/ Related News:
March, 2018 – Schmitz Cargobull has furthered its Service Partner Network (SPN) in England, upping its expert trailer support. Customers can now access more than 60 SPNs in England, with all teams specifically trained in maintenance of the manufacturer’s equipment and component handling.
March, 2018 – Utility Trailer Manufacturing Company, the industry’s biggest producer of refrigeration trailers for cold storage logistics and a leading producer of freight vans, flatbed, and curtain side trailer, announced the introduction of new strong and light weight 4000AE Drop Deck flatbed trailer. Designed to pull heavy loads, the heavy automobile deck features a combination of 3” & 4” aluminium cross member.
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