Global Semitrailer (Semi-Trailer) Market Analysis and Forecast 2025-2031

Summary

According to APO Research, the global market for Semitrailer (Semi-Trailer) was estimated to be worth US$ XX million in 2024 and is forecasted to reach US$ XX million by 2031, with a CAGR of XX% during the forecast period 2025-2031. The North American market for Semitrailer (Semi-Trailer) is valued at US$ million in 2024 and will reach US$ million by 2031, growing at a CAGR of % during the forecast period. The Asia-Pacific market for Semitrailer (Semi-Trailer) was valued at US$ million in 2024 and will reach US$ million by 2031 at a CAGR of %. Similarly, the European market was valued at US$ million in 2024 and projected to reach US$ million by 2031, growing at a CAGR of %.
Semitrailer (Semi-Trailer)'s global sales reached XX (Units) with a value of US$ XX Million, marking an increase of XX% compared to the previous year. This performance has positioned CIMC as the global sales leader, a title it has maintained for several consecutive years. Notably, CIMC's performance in primary markets is also remarkable. In the Chinese market, sales were XX (Units), a decrease of XX% from the previous year. In Europe, sales were XX (Units), showing a year-on-year increase of XX%. In the US, sales were XX (Units), a year-on-year rise of XX%.

The major global manufacturers in the Semitrailer (Semi-Trailer) market include Company One, Company Two, Company Three, Company Four, Company Five, Company Six, Company Seven, Company Eight, and Company Nine. In 2024, the top three vendors accounted for approximately % of the revenue.

In terms of production side, this report researches the Semitrailer (Semi-Trailer) production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.

In terms of consumption side, this report focuses on the sales of Semitrailer (Semi-Trailer) by region (region level and country level), by Company, by Type and by Application. from 2020 to 2025 and forecast to 2031.

This report presents an overview of global market for Semitrailer (Semi-Trailer), capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of Semitrailer (Semi-Trailer), also provides the consumption of main regions and countries. Of the upcoming market potential for Semitrailer (Semi-Trailer), and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Semitrailer (Semi-Trailer) sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Semitrailer (Semi-Trailer) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Semitrailer (Semi-Trailer) sales, projected growth trends, production technology, application and end-user industry.

Semitrailer (Semi-Trailer) Segment by Company

CIMC
Luoxiang
Wabash National
Utility Trailer
Schmitz Cargobull
Krone
Hyundai Translead
Great Dane
Welton
Kogel
Semitrailer (Semi-Trailer) Segment by Type

Flatbed Semitrailer
Lowboy Semitrailer
Dry Van Semitrailer
Refrigerated Semitrailer
Others
Semitrailer (Semi-Trailer) Segment by Application

Logistics
Cement
Food
Chemical
Oil and Gas
Others
Semitrailer (Semi-Trailer) Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Semitrailer (Semi-Trailer) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Semitrailer (Semi-Trailer) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Semitrailer (Semi-Trailer).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Semitrailer (Semi-Trailer) production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Semitrailer (Semi-Trailer) in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Semitrailer (Semi-Trailer) manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Semitrailer (Semi-Trailer) sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Market Overview
1.1 Product Definition
1.2 Semitrailer (Semi-Trailer) Market by Type
1.2.1 Global Semitrailer (Semi-Trailer) Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Flatbed Semitrailer
1.2.3 Lowboy Semitrailer
1.2.4 Dry Van Semitrailer
1.2.5 Refrigerated Semitrailer
1.2.6 Others
1.3 Semitrailer (Semi-Trailer) Market by Application
1.3.1 Global Semitrailer (Semi-Trailer) Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Logistics
1.3.3 Cement
1.3.4 Food
1.3.5 Chemical
1.3.6 Oil and Gas
1.3.7 Others
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives
2 Semitrailer (Semi-Trailer) Market Dynamics
2.1 Semitrailer (Semi-Trailer) Industry Trends
2.2 Semitrailer (Semi-Trailer) Industry Drivers
2.3 Semitrailer (Semi-Trailer) Industry Opportunities and Challenges
2.4 Semitrailer (Semi-Trailer) Industry Restraints
3 Global Semitrailer (Semi-Trailer) Production Overview
3.1 Global Semitrailer (Semi-Trailer) Production Capacity (2020-2031)
3.2 Global Semitrailer (Semi-Trailer) Production by Region: 2020 VS 2024 VS 2031
3.3 Global Semitrailer (Semi-Trailer) Production by Region
3.3.1 Global Semitrailer (Semi-Trailer) Production by Region (2020-2025)
3.3.2 Global Semitrailer (Semi-Trailer) Production by Region (2026-2031)
3.3.3 Global Semitrailer (Semi-Trailer) Production Market Share by Region (2020-2031)
3.4 North America
3.5 Europe
3.6 China
3.7 Japan
4 Global Market Growth Prospects
4.1 Global Semitrailer (Semi-Trailer) Revenue Estimates and Forecasts (2020-2031)
4.2 Global Semitrailer (Semi-Trailer) Revenue by Region
4.2.1 Global Semitrailer (Semi-Trailer) Revenue by Region: 2020 VS 2024 VS 2031
4.2.2 Global Semitrailer (Semi-Trailer) Revenue by Region (2020-2025)
4.2.3 Global Semitrailer (Semi-Trailer) Revenue by Region (2026-2031)
4.2.4 Global Semitrailer (Semi-Trailer) Revenue Market Share by Region (2020-2031)
4.3 Global Semitrailer (Semi-Trailer) Sales Estimates and Forecasts 2020-2031
4.4 Global Semitrailer (Semi-Trailer) Sales by Region
4.4.1 Global Semitrailer (Semi-Trailer) Sales by Region: 2020 VS 2024 VS 2031
4.4.2 Global Semitrailer (Semi-Trailer) Sales by Region (2020-2025)
4.4.3 Global Semitrailer (Semi-Trailer) Sales by Region (2026-2031)
4.4.4 Global Semitrailer (Semi-Trailer) Sales Market Share by Region (2020-2031)
4.5 North America
4.6 Europe
4.7 China
4.8 Asia (Excluding China)
4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
5.1 Global Semitrailer (Semi-Trailer) Revenue by Manufacturers
5.1.1 Global Semitrailer (Semi-Trailer) Revenue by Manufacturers (2020-2025)
5.1.2 Global Semitrailer (Semi-Trailer) Revenue Market Share by Manufacturers (2020-2025)
5.1.3 Global Semitrailer (Semi-Trailer) Manufacturers Revenue Share Top 10 and Top 5 in 2024
5.2 Global Semitrailer (Semi-Trailer) Sales by Manufacturers
5.2.1 Global Semitrailer (Semi-Trailer) Sales by Manufacturers (2020-2025)
5.2.2 Global Semitrailer (Semi-Trailer) Sales Market Share by Manufacturers (2020-2025)
5.2.3 Global Semitrailer (Semi-Trailer) Manufacturers Sales Share Top 10 and Top 5 in 2024
5.3 Global Semitrailer (Semi-Trailer) Sales Price by Manufacturers (2020-2025)
5.4 Global Semitrailer (Semi-Trailer) Key Manufacturers Ranking, 2023 VS 2024 VS 2025
5.5 Global Semitrailer (Semi-Trailer) Key Manufacturers Manufacturing Sites & Headquarters
5.6 Global Semitrailer (Semi-Trailer) Manufacturers, Product Type & Application
5.7 Global Semitrailer (Semi-Trailer) Manufacturers Commercialization Time
5.8 Market Competitive Analysis
5.8.1 Global Semitrailer (Semi-Trailer) Market CR5 and HHI
5.8.2 2024 Semitrailer (Semi-Trailer) Tier 1, Tier 2, and Tier 3
6 Semitrailer (Semi-Trailer) Market by Type
6.1 Global Semitrailer (Semi-Trailer) Revenue by Type
6.1.1 Global Semitrailer (Semi-Trailer) Revenue by Type (2020-2031) & (US$ Million)
6.1.2 Global Semitrailer (Semi-Trailer) Revenue Market Share by Type (2020-2031)
6.2 Global Semitrailer (Semi-Trailer) Sales by Type
6.2.1 Global Semitrailer (Semi-Trailer) Sales by Type (2020-2031) & (Units)
6.2.2 Global Semitrailer (Semi-Trailer) Sales Market Share by Type (2020-2031)
6.3 Global Semitrailer (Semi-Trailer) Price by Type
7 Semitrailer (Semi-Trailer) Market by Application
7.1 Global Semitrailer (Semi-Trailer) Revenue by Application
7.1.1 Global Semitrailer (Semi-Trailer) Revenue by Application (2020-2031) & (US$ Million)
7.1.2 Global Semitrailer (Semi-Trailer) Revenue Market Share by Application (2020-2031)
7.2 Global Semitrailer (Semi-Trailer) Sales by Application
7.2.1 Global Semitrailer (Semi-Trailer) Sales by Application (2020-2031) & (Units)
7.2.2 Global Semitrailer (Semi-Trailer) Sales Market Share by Application (2020-2031)
7.3 Global Semitrailer (Semi-Trailer) Price by Application
8 Company Profiles
8.1 CIMC
8.1.1 CIMC Comapny Information
8.1.2 CIMC Business Overview
8.1.3 CIMC Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.1.4 CIMC Semitrailer (Semi-Trailer) Product Portfolio
8.1.5 CIMC Recent Developments
8.2 Luoxiang
8.2.1 Luoxiang Comapny Information
8.2.2 Luoxiang Business Overview
8.2.3 Luoxiang Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.2.4 Luoxiang Semitrailer (Semi-Trailer) Product Portfolio
8.2.5 Luoxiang Recent Developments
8.3 Wabash National
8.3.1 Wabash National Comapny Information
8.3.2 Wabash National Business Overview
8.3.3 Wabash National Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.3.4 Wabash National Semitrailer (Semi-Trailer) Product Portfolio
8.3.5 Wabash National Recent Developments
8.4 Utility Trailer
8.4.1 Utility Trailer Comapny Information
8.4.2 Utility Trailer Business Overview
8.4.3 Utility Trailer Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.4.4 Utility Trailer Semitrailer (Semi-Trailer) Product Portfolio
8.4.5 Utility Trailer Recent Developments
8.5 Schmitz Cargobull
8.5.1 Schmitz Cargobull Comapny Information
8.5.2 Schmitz Cargobull Business Overview
8.5.3 Schmitz Cargobull Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.5.4 Schmitz Cargobull Semitrailer (Semi-Trailer) Product Portfolio
8.5.5 Schmitz Cargobull Recent Developments
8.6 Krone
8.6.1 Krone Comapny Information
8.6.2 Krone Business Overview
8.6.3 Krone Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.6.4 Krone Semitrailer (Semi-Trailer) Product Portfolio
8.6.5 Krone Recent Developments
8.7 Hyundai Translead
8.7.1 Hyundai Translead Comapny Information
8.7.2 Hyundai Translead Business Overview
8.7.3 Hyundai Translead Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.7.4 Hyundai Translead Semitrailer (Semi-Trailer) Product Portfolio
8.7.5 Hyundai Translead Recent Developments
8.8 Great Dane
8.8.1 Great Dane Comapny Information
8.8.2 Great Dane Business Overview
8.8.3 Great Dane Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.8.4 Great Dane Semitrailer (Semi-Trailer) Product Portfolio
8.8.5 Great Dane Recent Developments
8.9 Welton
8.9.1 Welton Comapny Information
8.9.2 Welton Business Overview
8.9.3 Welton Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.9.4 Welton Semitrailer (Semi-Trailer) Product Portfolio
8.9.5 Welton Recent Developments
8.10 Kogel
8.10.1 Kogel Comapny Information
8.10.2 Kogel Business Overview
8.10.3 Kogel Semitrailer (Semi-Trailer) Sales, Revenue, Price and Gross Margin (2020-2025)
8.10.4 Kogel Semitrailer (Semi-Trailer) Product Portfolio
8.10.5 Kogel Recent Developments
9 North America
9.1 North America Semitrailer (Semi-Trailer) Market Size by Type
9.1.1 North America Semitrailer (Semi-Trailer) Revenue by Type (2020-2031)
9.1.2 North America Semitrailer (Semi-Trailer) Sales by Type (2020-2031)
9.1.3 North America Semitrailer (Semi-Trailer) Price by Type (2020-2031)
9.2 North America Semitrailer (Semi-Trailer) Market Size by Application
9.2.1 North America Semitrailer (Semi-Trailer) Revenue by Application (2020-2031)
9.2.2 North America Semitrailer (Semi-Trailer) Sales by Application (2020-2031)
9.2.3 North America Semitrailer (Semi-Trailer) Price by Application (2020-2031)
9.3 North America Semitrailer (Semi-Trailer) Market Size by Country
9.3.1 North America Semitrailer (Semi-Trailer) Revenue Grow Rate by Country (2020 VS 2024 VS 2031)
9.3.2 North America Semitrailer (Semi-Trailer) Sales by Country (2020 VS 2024 VS 2031)
9.3.3 North America Semitrailer (Semi-Trailer) Price by Country (2020-2031)
9.3.4 United States
9.3.5 Canada
9.3.6 Mexico
10 Europe
10.1 Europe Semitrailer (Semi-Trailer) Market Size by Type
10.1.1 Europe Semitrailer (Semi-Trailer) Revenue by Type (2020-2031)
10.1.2 Europe Semitrailer (Semi-Trailer) Sales by Type (2020-2031)
10.1.3 Europe Semitrailer (Semi-Trailer) Price by Type (2020-2031)
10.2 Europe Semitrailer (Semi-Trailer) Market Size by Application
10.2.1 Europe Semitrailer (Semi-Trailer) Revenue by Application (2020-2031)
10.2.2 Europe Semitrailer (Semi-Trailer) Sales by Application (2020-2031)
10.2.3 Europe Semitrailer (Semi-Trailer) Price by Application (2020-2031)
10.3 Europe Semitrailer (Semi-Trailer) Market Size by Country
10.3.1 Europe Semitrailer (Semi-Trailer) Revenue Grow Rate by Country (2020 VS 2024 VS 2031)
10.3.2 Europe Semitrailer (Semi-Trailer) Sales by Country (2020 VS 2024 VS 2031)
10.3.3 Europe Semitrailer (Semi-Trailer) Price by Country (2020-2031)
10.3.4 Germany
10.3.5 France
10.3.6 U.K.
10.3.7 Italy
10.3.8 Russia
10.3.9 Spain
10.3.10 Netherlands
10.3.11 Switzerland
10.3.12 Sweden
11 China
11.1 China Semitrailer (Semi-Trailer) Market Size by Type
11.1.1 China Semitrailer (Semi-Trailer) Revenue by Type (2020-2031)
11.1.2 China Semitrailer (Semi-Trailer) Sales by Type (2020-2031)
11.1.3 China Semitrailer (Semi-Trailer) Price by Type (2020-2031)
11.2 China Semitrailer (Semi-Trailer) Market Size by Application
11.2.1 China Semitrailer (Semi-Trailer) Revenue by Application (2020-2031)
11.2.2 China Semitrailer (Semi-Trailer) Sales by Application (2020-2031)
11.2.3 China Semitrailer (Semi-Trailer) Price by Application (2020-2031)
12 Asia (Excluding China)
12.1 Asia Semitrailer (Semi-Trailer) Market Size by Type
12.1.1 Asia Semitrailer (Semi-Trailer) Revenue by Type (2020-2031)
12.1.2 Asia Semitrailer (Semi-Trailer) Sales by Type (2020-2031)
12.1.3 Asia Semitrailer (Semi-Trailer) Price by Type (2020-2031)
12.2 Asia Semitrailer (Semi-Trailer) Market Size by Application
12.2.1 Asia Semitrailer (Semi-Trailer) Revenue by Application (2020-2031)
12.2.2 Asia Semitrailer (Semi-Trailer) Sales by Application (2020-2031)
12.2.3 Asia Semitrailer (Semi-Trailer) Price by Application (2020-2031)
12.3 Asia Semitrailer (Semi-Trailer) Market Size by Country
12.3.1 Asia Semitrailer (Semi-Trailer) Revenue Grow Rate by Country (2020 VS 2024 VS 2031)
12.3.2 Asia Semitrailer (Semi-Trailer) Sales by Country (2020 VS 2024 VS 2031)
12.3.3 Asia Semitrailer (Semi-Trailer) Price by Country (2020-2031)
12.3.4 Japan
12.3.5 South Korea
12.3.6 India
12.3.7 Australia
12.3.8 Taiwan
12.3.9 Southeast Asia
13 South America, Middle East and Africa
13.1 SAMEA Semitrailer (Semi-Trailer) Market Size by Type
13.1.1 SAMEA Semitrailer (Semi-Trailer) Revenue by Type (2020-2031)
13.1.2 SAMEA Semitrailer (Semi-Trailer) Sales by Type (2020-2031)
13.1.3 SAMEA Semitrailer (Semi-Trailer) Price by Type (2020-2031)
13.2 SAMEA Semitrailer (Semi-Trailer) Market Size by Application
13.2.1 SAMEA Semitrailer (Semi-Trailer) Revenue by Application (2020-2031)
13.2.2 SAMEA Semitrailer (Semi-Trailer) Sales by Application (2020-2031)
13.2.3 SAMEA Semitrailer (Semi-Trailer) Price by Application (2020-2031)
13.3 SAMEA Semitrailer (Semi-Trailer) Market Size by Country
13.3.1 SAMEA Semitrailer (Semi-Trailer) Revenue Grow Rate by Country (2020 VS 2024 VS 2031)
13.3.2 SAMEA Semitrailer (Semi-Trailer) Sales by Country (2020 VS 2024 VS 2031)
13.3.3 SAMEA Semitrailer (Semi-Trailer) Price by Country (2020-2031)
13.3.4 Brazil
13.3.5 Argentina
13.3.6 Chile
13.3.7 Colombia
13.3.8 Peru
13.3.9 Saudi Arabia
13.3.10 Israel
13.3.11 UAE
13.3.12 Turkey
13.3.13 Iran
13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
14.1 Semitrailer (Semi-Trailer) Value Chain Analysis
14.1.1 Semitrailer (Semi-Trailer) Key Raw Materials
14.1.2 Raw Materials Key Suppliers
14.1.3 Manufacturing Cost Structure
14.1.4 Semitrailer (Semi-Trailer) Production Mode & Process
14.2 Semitrailer (Semi-Trailer) Sales Channels Analysis
14.2.1 Direct Comparison with Distribution Share
14.2.2 Semitrailer (Semi-Trailer) Distributors
14.2.3 Semitrailer (Semi-Trailer) Customers
15 Concluding Insights
16 Appendix
16.1 Reasons for Doing This Study
16.2 Research Methodology
16.3 Research Process
16.4 Authors List of This Report
16.5 Data Source
16.5.1 Secondary Sources
16.5.2 Primary Sources
16.6 Disclaimer

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