DUBLIN, Oct. 29, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/7qdjxb/semitrailer) has announced the addition of the "Semi-Trailer Market by Type, Tonnage, Number of Axles, and by Region - Global Forecast & Analysis to 2020" report to their offering.
The semi-trailer market size is estimated to be at USD 24.3 Billion in 2015, which is projected to grow to USD 34.3 Billion by 2020 at a CAGR of 7.12%
The global market in Asia-Oceania is growing at a good pace, given the increasing demand and expansion of global OEMs in these regions. Rapid infrastructure development and growth in population are driving the demand for semi-trailers in this region. North America is estimated to be the second-largest market for semi-trailers in 2015, and is projected to grow at a CAGR of 6.84% from 2015 to 2020. The U.S. is estimated to dominate the North American semi-trailer market during the forecast period. Europe is estimated to grow at a CAGR of 6.29% following the economic recovery of major countries such as Germany, the U.K., and France.
Inland freight transportation forms a major part of the overall freight transportation in various industries such as manufacturing and construction, automotive, and energy among others. Semi-trailers play a major role in inland road transportation given their flexibility in use and versatility of vehicles. Development in infrastructure and growth in industrial activates in emerging nations is acting as a stimulant for increasing the number of semi-trailers in the current fleet of fleet-owners. Population growth in these regions is further driving the demand for semi-trailers, as it necessitates increase in movement of raw material and finished goods. Increasing age of current fleet is also expected to drive the replacement demand for semi-trailers. Major OEMs are designing fuel-efficient models that offer cost savings to fleet operators to gain competitive advantage.
Dry van semi-trailer is the most commonly used trailer for logistics; these trailers are used by LTL and FTL fleet operators for their operations, due to their versatility and cost efficiency. The dry van semi-trailer market is estimated to account for the highest share in the global market, following their wide applications in multiple industries. The market size for dry van semi-trailers is estimated to reach USD 16.6 Billion by 2020.
The global market is dominated by few top players such as China International Marine Containers (Group) Co. Ltd. (China), Wabash National Corporation (U.S.), Great Dane Partnership Limited (U.S.), Utility Trailer Manufacturing Company (U.S.), and Schmitz Cargobull AG (Germany) along with regional suppliers.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Semi-Trailer Market, By Type
7 Semi-Trailer Market, By Tonnage
8 Semi-Trailer Market, By Number of Axles
9 Semi-Trailer Market, By Region
10 Competitive Landscape
11 Company Profiles
- China International Marine Containers (Group) Co. Ltd. - Fahrzeugwerk Bernard Krone Gmbh - Great Dane Limited Partnership - Hyundai Translead - Kögel Trailer Gmbh & Co.Kg - Lamberet Sas - Schmitz Cargobull Ag - Utility Trailer Manufacturing Company - Wabash National Corporation - Wilhelm Schwarzmuëller Gmbh
For more information visit http://www.researchandmarkets.com/research/7qdjxb/semitrailer
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets