Semi-Trailer Market

Semi-Trailer Market is expected to reach 39.52 Billion by 2026 from 24.5 Billion in 2016 at CAGR of 4.9 % (Detailed analysis of the market CAGR is provided in the report). Strict environment regulations and rising fuel prices have increased the demand for advanced trailer technologies. Advancement in technologies are resulted in reduce operating costs, improve fuel efficiency, expand asset connectivity and enhance fleet safety and mobile resource productivity of semi-trailer. Semi-Trailer Market Semi-Trailer Market is segmented by semi-trailer type, tonnage type, number of axles, and geography. The market by semi-trailer type is segmented by flatbed, lowboy, dry van, refrigerated, tanker and others. The market on the basis of tonnage type classified as below 25 ton, 25–50 ton, 51–100 ton and above 100 ton. Number of axles segment is classified as less than 3 axles, 3–4 axles and more than 4 axles. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Recent innovations in semi-trailer platooning and electric semi-trailer truck manufacturing industry is trending the overall Semi-Trailer market. However, local players in unorganized manner will restrain the market growth. APAC is going to emerge as one of the higher growth region in forecast period followed by North America. Increasing growth in inland transportation industry, increasing investment in infrastructure, construction activities, and growing retail market will fuel the market in APAC region.