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  • 7 August 2019 16:09

Semi-Trailer Market Size, Share, Growth Predictions and Forecast 2018 - 2026

As per a research conducted by Acumen Research & Consulting,The global semi-trailer Market is project worth US$ 24.7 Billion by 2026 and the market is projected to showcase 3.4% CAGR during the forecast period.

The global semi-trailer Market is project worth US$ 24.7 Billion by 2026 and the market is projected to showcase 3.4% CAGR during the forecast period.

A semi-trailer is a trailer without a front axle. In the United States, the term is also used to refer to the combination of a truck and a semi-trailer, a tractor-trailer.

A large proportion of a semi-trailer's weight is supported by a tractor unit, or a detachable front-axle assembly known as a dolly, or the tail of another trailer. A semi-trailer is normally equipped with landing gear (legs which can be lowered) to support it when it is uncoupled. Many semi-trailers have wheels that are capable of being totally dismounted and are also relocatable (repositionable) to better distribute load to bearing wheel weight factors. Semi-trailers are more popular for transport than full trailers, which have both front and rear axles. Ease of backing is cited as one of the semi's chief advantages. A road tractor coupled to a semi-trailer is often called a semi-trailer truck or "semi" in North America & Australia, and an articulated lorry or "artic" in the UK.

Semi-trailers with two trailer units are called B-doubles or tandem tractor trailers, tandem rigs, or doubles. Other terms used are "B-train" or (when there are three or more trailers) "road train". A double-trailer combination is possible with the use of a dolly, or "converter dolly" , essentially one to three additional axles placed under the front of a second semi-trailer. The first semi-trailer is connected to the power unit using the tractor's fifth wheel coupling while the converter dolly, already attached to the second semi-trailer, is connected to the first semi-trailer with a drawbar.

Market Participants

The major players associated with the semi-trailer market are Schmitz Cargobull, China International Marine Containers (Group) Ltd, Utility Trailer Manufacturing Company, Kögel Trailer GmbH, Wabash National, Lamberet SAS, Shandong Arima group, Fontaine Commercial Trailer, Inc., Fahrzeugwerk Bernard Krone, Polar Tank, and Great Dane.

Key manufacturers invests heavily in research and development to manufacture low weighting, fuel efficient and innovative semi-trailer models. Additionally, players associated with the global semi-trailer market are focusing mainly on merger and acquisition and developing strategic partnerships with other players in order to expand their product portfolio and to increase the market share.

Market Segmentation

Market By Product Type: Dry Van,Flatbed Trailer,Refrigerated Trailer,Dump Trailer,Curtain Trailer,Others

Market By Tonnage: Below 25 Tons,Between 25-50 Tons,Between 50-100 Tons,Above 100 Tons

Market By Axles: Less than 3 Axles,3 to 4 Axles,More than 4 Axles

Market By End-use Industry: Food & Beverages,Construction,Healthcare,Oil & Gas,Heavy Industry,Textiles,Others

Market By Geography: North America,Europe,Asia-Pacific,Latin America,Middle East and Africa (MEA)

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