Semi-Trailer Market Report 2025

This Semi-Trailer report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The semi-trailer market size has grown strongly in recent years. It will grow from $31.29 billion in 2024 to $33.57 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to freight transportation demand, infrastructure development, economic growth, e-commerce boom, global trade expansion.

The semi-trailer market size is expected to see strong growth in the next few years. It will grow to $45.1 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to sustainable transportation, digitalization in logistics, last-mile delivery solutions, infrastructure investments, autonomous freight transportation. Major trends in the forecast period include advanced technologies, electric and hybrid semi-trailers, connectivity and IoT integration, automation and autonomous features, advanced safety features.

The anticipated increase in urbanization is poised to drive the growth of the semi-trailer market in the foreseeable future. Urbanization, the process by which cities develop and a growing proportion of the population relocates to urban areas, is contributing to heightened demand for semi-trailers. These vehicles play a crucial role in transporting goods, carrying a substantial portion of cargo, raw materials, and finished products. According to the World Bank, over 50% of the global population resides in urban areas, a figure expected to increase 1. 5 times to 6 billion by 2045. Therefore, the surge in urbanization is a significant factor propelling the semi-trailer market.

The growing demand for e-commerce and online retail is expected to be a driving force for the semi-trailer market. E-commerce, involving the online buying and selling of goods and services, has spurred increased requirements for last-mile delivery, multimodal transportation, lightweight and fuel-efficient semi-trailers, as well as electric and hybrid semi-trailers. Statistics from US e-commerce and global e-commerce management companies reveal a significant uptick in online shopping. With 65% of consumers anticipating increased use of online platforms in 2022 and projections of global e-commerce revenues reaching $6. 3 trillion by 2024, the demand for semi-trailers is expected to grow. In Spain alone, the number of e-commerce users is forecasted to increase from 29. 6 million to 36. 9 million by 2025, representing 74% of the total population. Thus, the escalating demand for e-commerce and online retail is a driving factor for the semi-trailer market.

A noteworthy trend in the semi-trailer market is the increased demand for advancements in trailer technology. Major companies within the industry are actively introducing new technologies for trailers to maintain a competitive edge. For example, in July 2022, Ashok Leyland, an Indian automotive industry company, launched the AVTR 4220 and AVTR 4420 with unique features, including a 6-cylinder engine with i-Gen6 technology, various GCW options, improved fluid efficiency, and additional cabin choices. These advancements are tailored to meet the specific needs of individual customers, showcasing a trend of technology-driven innovation in the semi-trailer market.

Major companies operating in the semi-trailer market are strategically entering partnership agreements. These collaborations, characterized by shared resources and mutual benefits, are integral to enhancing market presence. For instance, Trailer Dynamics GmbH, a German technology innovator for heavy commercial vehicles, partnered with Krone, a UK-based manufacturer of truck trailers and semi-trailers. The shared objective of this collaboration is to develop an electric trailer for series production that significantly reduces diesel and CO2 emissions while enhancing the range of battery electric vehicle (BEV) semi-trailers. This strategic partnership aligns with the broader trend of collaborative efforts to drive innovation and sustainability in the semi-trailer market.

In August 2023, Fultra, a US-based provider of solutions for the North American commercial vehicle sector, acquired East Manufacturing Corp for an undisclosed amount. This strategic move aims to strengthen Fultra's presence in North America and expand its portfolio of specialized aluminum trailer products. East Manufacturing Corp., a US-based trailer manufacturer, adds valuable capabilities to Fultra's offerings in the commercial vehicle sector.

Major companies operating in the semi-trailer market include Wabash National Corporation, Schmitz Cargobull AG, Great Dane LLC, Krone GmbH & Co KG, Kogel Trailer GmbH & Co. KG, Utility Trailer Manufacturing Company, Hyundai Motor Company, Stoughton Trailers LLC, Vanguard National Trailer Corporation, MAC Trailer Manufacturing, Manac Inc., East Manufacturing Corporation, Fontaine Trailer Company, Wilson Trailer Company, Doonan Specialized Trailer LLC, Pitts Enterprises Inc., Strick Trailers LLC, Reitnouer Inc., Heil Trailer International LLC, Transcraft Corporation, Trail King Industries Inc., Travis Body & Trailer Inc., Talbert Manufacturing Inc., Timpte Inc., XL Specialized Trailers LLC, Dorsey Trailer LLC, Witzco Challenger Trailers Inc., Lode King Industries Ltd., Muv-All Trailer Company, Trail-Eze Inc.

North America was the largest region in the semi-trailer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semi-trailer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the semi-trailer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

A semi-trailer is a type of freight trailer that lacks a front axle and is supported at its forward end by the fifth wheel device of a truck tractor when attached. These trailers are commonly used for transporting a large quantity of goods.

The main types of semi-trailers include flatbed, lowboy, dry van, refrigerated, tankers, and others. Flatbed trailers are open-deck equipment without a roof or sides, primarily utilized for transporting heavy, oversized, and wide goods. They come in various lengths, such as trailers up to 45 feet and those exceeding 45 feet, and find applications in heavy industry, fast-moving consumer goods (FMCG), chemical, automotive, oil and gas, healthcare, logistics, and various other end-user industries.

The semi-trailer market research report is one of a series of new reports that provides semi-trailer market statistics, including semi-trailer industry global market size, regional shares, competitors with a semi-trailer market share, detailed semi-trailer market segments, market trends and opportunities, and any further data you may need to thrive in the semi-trailer industry. This semi-trailer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The semi-trailer market consists of sales of step deck or drop deck trailers, reefer trailers, dump trailers, and dry van trailers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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