The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Semi-Trailer Global Market Report 2024 offers crucial insights into the semi-trailer market help businesses analyse and build stronger strategies.

The semi-trailer market has witnessed robust growth in recent years, fueled by various factors contributing to its expansion.

Historic Growth and Contributing Factors

• Market Size Surge: The semi-trailer market has experienced substantial growth, surging from $29.4 billion in 2023 to $31.73 billion in 2024, marking a notable compound annual growth rate (CAGR) of 7.9%.
• Key Contributors: The growth trajectory in the historic period can be attributed to the increasing demand for freight transportation, infrastructure development, economic expansion, the burgeoning e-commerce industry, and the global trade boom.

Future Projections and Market Dynamics

• Projected Growth: Forecasts suggest a continuation of strong growth, with the market expected to reach $42.29 billion by 2028, boasting a CAGR of 7.4%.
• Driving Factors: Anticipated growth in the forecast period is driven by factors such as sustainable transportation, logistics digitalization, last-mile delivery solutions, infrastructure investments, and the advent of autonomous freight transportation.

E-Commerce Driving Growth In The Semi-Trailer Market

The surge in e-commerce activity is playing a pivotal role in propelling the growth of the semi-trailer market, driven by various associated trends and statistics.

• E-commerce Expansion: The rise of e-commerce has led to increased demand for last-mile delivery solutions, multimodal transportation, lightweight and fuel-efficient semi-trailers, as well as electric and hybrid semi-trailers.
• Market Statistics: Data indicates a substantial growth trajectory for e-commerce, with projections estimating e-commerce revenues to reach $6.3 trillion by 2024, accompanied by a significant increase in online shoppers worldwide.

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Advancements In Trailer Technology Drive Growth In The Semi-Trailer Market

Technological innovations in the trailer segment are emerging as a key growth driver, with companies introducing cutting-edge solutions to meet evolving market demands.

• Demand for Advancement: There’s a notable surge in demand for trailer technology advancement, with major players focusing on introducing innovative features to maintain their market standing.
• Industry Innovations: Notable advancements include the introduction of trailers equipped with sophisticated features like enhanced engines, improved fluid efficiency, and customizable options to cater to diverse customer needs.

Fultra’s Acquisition Of East Manufacturing Corp

Corporate maneuvers within the semi-trailer market are indicative of strategic initiatives aimed at market expansion and consolidation.

• Strategic Acquisition: In August 2023, Fultra, a US-based entity specializing in solutions for the commercial vehicle sector, acquired East Manufacturing Corp to strengthen its North American presence and expand its aluminum trailer product offerings.

Market Segmentation and Regional Dynamics

The semi-trailer market is segmented based on various parameters, with regional dynamics playing a significant role in shaping market trends.

• Segmentation: The market is segmented by type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, and Other Types), length (Up To 45 Feet, Above 45 Feet), and end-use (Heavy Industry, FMCG, Chemical, Automotive, Oil And Gas, Healthcare, Logistics, and Other End-Users).
• Regional Insights: North America emerged as the largest market in 2023, while Asia-Pacific is anticipated to witness the fastest growth in the forecast period, indicating evolving market dynamics and opportunities.

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The Semi-Trailer Global Market Report 2024  provides a comprehensive outlook of the semi-trailer market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The semi-trailer market forecast offers a thorough analysis on semi-trailer market size, semi-trailer market share, prominent players and their strategies.

The Table Of Content For The Semi-Trailer Market Include:
1. Semi-Trailer Market Executive Summary
2. Semi-Trailer Market Segments
3. Semi-Trailer Market Size And Semi-Trailer Market Growth Rate
4. Key Semi-Trailer Market Trends
5. Major Semi-Trailer Market Drivers
……
25. Key Mergers And Acquisitions In The Semi-Trailer Market
26. Top Semi-Trailer Companies
27. Semi-Trailer Market Opportunities And Strategies
28. Semi-Trailer Market, Conclusions And Recommendations
29. Appendix

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