Semi-Trailer Market Report and Forecast 2025-2034

The global semi-trailer market is expected to grow at a CAGR of 5.60% during the forecast period of 2025-2034.

Rising Use of Road Transportation for Cargo Movement is Propelling the Market Growth of Semi-Trailers

The growth in the global market for semi-trailers can be associated with the rise and development of the logistics sector for several applications in the recent years. A vast majority of products from the food and beverage, construction, and automotive, among other industries, use road and trailer transportation for the movement of their products owing to flexibility and versatility, making semi-trailer trucks one of the most popular types of trucks used in logistics. This is a significant factor stimulating the growth of the market.

In addition to this, the boom of the e-commerce has had a direct and positive influence over the market growth of semi-trailers as most of the cargo is transported using roadways. Different types of semi-trailer trucks like flat bed, dry vans, refrigerators, and tankers are being readily employed by different online retailers depending upon the product to be transported. These are some of the factors contributing to the market growth of semi-trailers.

Semi-Trailer Market Segmentation

A semi-trailer is usually defined as a trailer without a front axle. A large proportion of its weight is handled by a road tractor unit and are usually used for carrying larger loads due to its long cargo bed structure.

Market Breakup by Type

• Flat Bed
• Dry Vans
• Refrigerated
• Lowboy
• Tankers
• Others

Market Breakup by Foot Length

• Up to 45 Foot
• Above 45 Foot

Market Breakup by Tonnage

• Below 25 Ton
• 25-50 Ton
• 51-100 Ton
• Above 100 Ton

Market Breakup by End-Use

• Automotive
• Chemical
• FMCG
• Healthcare
• Heavy Industry
• Logistics
• Oil and Gas
• Others

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Refrigerated Semi-Trailers are Expected to Hold a Significant Share in the Overall Growth of the Market

The refrigerated semi-trailer segment is expected to hold a significant share in the overall market growth of the semi-trailer industry. This can be associated with the rising popularity of refrigerated trucks equipped with features that allow the user to control the inner temperature to transport perishable goods like agricultural products, pharmaceutical products, and food items like fruits, vegetables, and dairy products, among others. In line with this, the growing preference for FMCG products, poultry, several cold chain goods, fresh flowers, fruits and vegetables are augmenting the growth of the market. In addition to this, rising awareness and preference for healthier and fresh products is another reason for the growth of the market. Thus, the growing cold chain industry across the world is surging the demand for refrigerated semi-trailer trucks and hence invigorating the market growth.

The overall market, however, witnessed a restrained growth during the COVID-19 pandemic with restrictions on cargo movement and limited production of semi-trailers during the lockdown period. Nevertheless, with changing lifestyles, inflating disposable incomes, urbanisation, and the growing logistics industry, the growing inclination towards home delivered products is positively influencing the market growth of semi-trailers.

Key Industry Players in the Global Semi-Trailer Market

The report presents a detailed analysis of the following key players in the global semi-trailer market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

• East Manufacturing Corporation
• Hyundai Translead, Inc.
• Schmitz Cargobull AG
• Wabash National Corporation
• Great Dane LLC
• Kögel Trailer GmbH & Co.
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.