Trailers are light and easy to maneuver, allowing user to access tight spots or off-the-beaten paths that may be difficult for bigger vehicles to reach. They're also easier to set up than traditional RVs, and come with a wide range of features that improve safety and security while user travels. In the transportation industry, Semi-Trailers play a significant role in product transportation. The transport of goods is the basis of a nation's economy and society. With its comprehensive economic benefits, road transportation is becoming more and more important. This is why the development of semi-trailers is very important, improving the efficiency of product transportation.
Market Dynamics:
There is a high demand for cargo transport in the construction and mining industry and this is expected to propel growth of the global semi-trailer market over the forecast period. For instance, a trailer is required to carry drilling machines and blasting equipment from one mining site to another.
However, lack of independence from cargo capacity, and presence of local players in unorganized market is expected to hinder growth of the global semi-trailer market over the forecast period.
Key features of the study:
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