Truck Trailer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Truck Trailer Market is projected to expand from USD 70.26 Billion in 2025 to USD 101.83 Billion by 2031, reflecting a CAGR of 6.38%. This industry comprises non-motorized cargo units towed by powered vehicles, acting as the fundamental vessels for road freight transport. The market's upward trajectory is primarily supported by the broadening of international logistics networks and increasing industrial production, which require the effective transport of raw materials and finished products throughout supply chains. Furthermore, rising construction activities and the growing necessity for cold chain solutions maintain a steady demand for specialized trailer types, ensuring operational requirements are met regardless of technological changes.

Despite these growth factors, the market encounters substantial obstacles stemming from economic instability and inventory adjustments, which can momentarily dampen buying behavior and postpone fleet upgrades. Elevated interest rates and variable freight demand frequently generate uncertainty in order quantities, hindering steady manufacturing production. As reported by the North American Trailer Dealers Association, the trailer sector experienced a 3.07% year-over-year decrease in new trailer sales during the first half of 2025, demonstrating the concrete effect of these financial challenges on overall market results.

Market Drivers

The swift growth of e-commerce and retail logistics systems serves as a major driver for the truck trailer industry, significantly reshaping fleet structures and usage metrics. As consumer preference shifts toward direct delivery services, logistics operators must increase their ability to manage frequent, fragmented freight shipments. This evolution demands a substantial quantity of dry van and general cargo trailers to navigate complicated middle-mile and last-mile distribution phases. The magnitude of this freight activity is highlighted by recent industry data; according to the American Trucking Associations' 'Freight Transportation Forecast 2024 to 2035' released in January 2025, truck freight volumes were estimated to hit 11.27 billion tons in 2024, emphasizing the essential dependence on road transport hardware.

Concurrently, the market is being advanced by escalating requirements for cold chain and temperature-regulated transport, spurred by rigorous food safety standards and global commerce in pharmaceuticals and perishable goods. This segment necessitates specialized refrigerated trailers designed to preserve specific environmental states to avoid spoilage and guarantee regulatory adherence. The growth of this network is significant; the Global Cold Chain Alliance reported in their '2025 Global Top 25 List' in April 2025 that the total temperature-controlled capacity among top global members rose by over 10% to 8.16 billion cubic feet. This sector-specific expansion aids overall manufacturing output, as shown by major OEMs sustaining high production figures, such as CIMC Vehicles, which reported total global sales of 101,700 semi-trailers for the 2024 fiscal year in 2025.

Market Challenges

Economic instability and elevated interest rates serve as major barriers to the expansion of the global truck trailer sector. With borrowing costs remaining high, logistics companies and fleet managers encounter heavier capital expenditure loads, rendering the purchase of new non-motorized cargo units excessively costly. This financial strain is worsened by variable freight demand, which diminishes carrier profit margins and compels businesses to prolong the service life of current assets instead of funding fleet updates. As a result, manufacturers face reduced order levels as purchasers take a guarded stance on capital distribution, interrupting the steady production flow needed for industry growth.

This volatility in buying patterns is apparent in recent heavy vehicle acquisition data, which acts as a crucial predictor for trailer requirements. A decline in the prime mover sector inevitably indicates lower needs for associated trailers. According to the European Automobile Manufacturers' Association (ACEA), new EU truck registrations fell by 6.3% throughout 2024, as reported in January 2025. This reduction in the heavy vehicle category demonstrates how wider financial difficulties are actively dampening investment in necessary road freight equipment, consequently directly restricting the potential market for new trailer models.

Market Trends

The widespread implementation of IoT-Enabled Smart Trailer Telematics is revolutionizing the market by transforming passive cargo units into intelligent, networked endpoints. Fleet managers are adopting sophisticated sensors to track real-time positioning and cargo safety, improving asset efficiency and supply chain clarity. This technological evolution satisfies the essential requirement for detailed data visibility to refine routing and decrease idle periods. The strategic value of this innovation is reflected in investment patterns; according to the '8th Annual Global Transportation Management Benchmark Survey' by Descartes Systems Group in June 2024, real-time transportation visibility was identified as the highest priority technology investment by 36% of shippers and logistics providers, emphasizing the need for connected systems.

The spread of Electric-Assist Trailer Technologies denotes a structural advancement focused on decarbonizing road freight via active propulsion assistance. These trailers feature electric axles to harvest regenerative braking energy, supporting the prime mover and notably cutting fuel usage. This development permits carriers to satisfy rigorous environmental standards while reducing operating expenses. The performance benefits of these systems are stimulating market attention; according to a May 2024 press release from Range Energy regarding their 'RB-01' electric trailer system, preliminary tests showed that the technology yielded fuel efficiency gains of up to 67% for the tractor-trailer assembly, confirming the feasibility of electrified designs.

Key Players Profiled in the Truck Trailer Market

• China International Marine Containers (Group) Co., Ltd.
• Wabash National Corporation
• Schmitz Cargobull AG
• Great Dane LLC
• Hyundai Translead Inc.
• Utility Trailer Manufacturing Company, LLC.
• Bernard KRONE Holding SE & Co. KG
• Engineered Transportation International
• Kogel Trailer GmbH
• Fontaine Commercial Trailer, Inc.

Report Scope

In this report, the Global Truck Trailer Market has been segmented into the following categories:

Truck Trailer Market, by Application Type:

• Logistics
• Construction
• Mining
• Oil & Gas
• Others

Truck Trailer Market, by Truck Tonnage Capacity:

• Class1
• Class2
• Class3 Class4
• Class5
• Class6
• Class7
• Class8

Truck Trailer Market, by Trailer Type:

• Flat Bed Trailer
• Dry Vans
• Refrigerated Trailers
• Multi Car Trailers
• Stretch Drop Deck Trailer
• Lowboy Trailer

Truck Trailer Market, by Vehicle Type:

• Light Duty
• Heavy Duty
• Medium Duty

Truck Trailer Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Truck Trailer Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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