Global Semi-Trailer Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Semi-Trailer Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Semi-Trailer Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025. North America is a leading region for this market, due to numerous factors such as improving road infrastructure, expanding supply chain industry, government regulations on weight carrying capacity and dimensions of semi-trailer, and the boom in natural gas industry.
A semi-trailer is a trailer without a front axle. A huge proportion of its weight is supported either by a road tractor or by a detachable front axle assembly called a dolly. It is mainly equipped with legs that can be lowered to support it when it is unhooked from the tractor. When it is connected together, the tractor and trailer combination is usually referred to as a semi, 18-wheeler, big-rig, articulated lorry, or truck and trailer.
There are various drivers driving the growth of market such as increasing demand for freight transportation, favorable political scenario, surge in demand for versatile and eco-friendly semi-trailers. However, transportation of goods and materials is continuously increasing in cities and urban areas as large number of countries population is in the cities. Hence, to effectively operate in the cramped parts of city easily maneuverable trailers are required. Moreover, to keep the pollution levels in the cities as low as possible local governments have laid down few rules to keep the emission in the permissible limit.
The global Semi-Trailer Market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
On the basis of segmentation, the market is divided into different segments such as by type, by tonnage, by number of axles, and by region. On the basis of type segment, it is divided into flatbed, lowboy, dry van, refrigerated, tankers, and others. According to tonnage, the market is bifurcated into below 25 t, 25 t – 50 t, 51 t – 100 t, and above 100 t. Depending upon the number of axles segment, the market is classified into <3 axles, 3–4 axles, and >4 axles.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global semi-trailer market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: CIMC, USA, Fontaine Commercial Trailer, Inc., Great Dane, LLC, Heil Trailer International, HYUNDAI Translead, Inc., MAC Trailer Manufacturing, Manac, Inc., Stoughton Trailers LLC, Utility Trailer Manufacturing Company, and Wabash National Corporation.
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