Semi-Trailers

Global Semi-Trailers Market to Reach US$48.6 Billion by 2030

The global market for Semi-Trailers estimated at US$34.8 Billion in the year 2024, is expected to reach US$48.6 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Dry Van, one of the segments analyzed in the report, is expected to record a 8.0% CAGR and reach US$15.0 Billion by the end of the analysis period. Growth in the Refrigerated segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.2 Billion While China is Forecast to Grow at 9.5% CAGR

The Semi-Trailers market in the U.S. is estimated at US$9.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.3 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.9% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Global Semi-Trailers Market - Key Trends and Drivers Summarized

Why Are Semi-Trailers Vital for the Logistics and Transportation Industry?
Semi-trailers are essential components of the logistics and transportation industry, providing a versatile, efficient, and cost-effective solution for transporting a wide range of goods, from consumer products and industrial equipment to perishable goods and hazardous materials. These trailers, which can be attached to trucks and tractor units, offer significant flexibility in freight handling, allowing for efficient loading, unloading, and intermodal transportation. The growing demand for efficient freight transportation, driven by the rise of e-commerce, globalization of supply chains, and the need for just-in-time delivery, is boosting the adoption of semi-trailers. As companies seek to optimize their logistics operations and reduce transportation costs, semi-trailers are becoming increasingly crucial in providing reliable and scalable solutions for freight movement across different regions and industries.

How Are Technological Advancements Enhancing the Efficiency of Semi-Trailers?
Technological advancements are significantly enhancing the efficiency, safety, and performance of semi-trailers, making them more adaptable to modern logistics and transportation needs. The integration of telematics, GPS, and fleet management systems is enabling real-time tracking, monitoring, and route optimization, improving operational efficiency and reducing fuel consumption. The development of smart and connected semi-trailers with IoT-enabled sensors is providing real-time data on load conditions, tire pressure, brake health, and temperature, ensuring safety, compliance, and preventive maintenance. The emergence of lightweight materials, such as high-strength steel and aluminum, is reducing the weight of semi-trailers, enhancing fuel efficiency, and increasing payload capacity. Additionally, the focus on electric and hybrid semi-trailers is aligning with the growing emphasis on sustainability and reducing carbon emissions in freight transportation.

Which Market Segments Are Leading the Adoption of Semi-Trailers?
The semi-trailers market is segmented by type, tonnage, number of axles, end-use industry, and region. Types of semi-trailers include dry van, refrigerated (reefer), flatbed, tankers, lowboy, and curtain trailers, with dry vans being the most widely adopted due to their versatility and use in transporting a variety of goods. Tonnage capacities range from lightweight to heavy-duty trailers, with heavy-duty trailers being the largest segment due to their ability to transport large volumes of freight over long distances. End-use industries such as retail, e-commerce, automotive, construction, chemicals, and food and beverages are major adopters of semi-trailers due to the need for efficient, safe, and flexible transportation solutions. Geographically, North America and Europe lead the market for semi-trailers due to advanced logistics infrastructure and high demand for freight transportation, while Asia-Pacific is emerging as a high-growth region driven by rapid industrialization and urbanization.

What Are the Key Drivers of Growth in the Semi-Trailers Market?
The growth in the semi-trailers market is driven by several factors, including the increasing demand for efficient and flexible freight transportation solutions, technological advancements in telematics and fleet management, and the rising focus on sustainability and fuel efficiency. The development of smart and connected semi-trailers with real-time monitoring capabilities, enhanced safety features, and lightweight materials is driving market adoption among logistics companies and fleet operators. The growing need for specialized semi-trailers, such as refrigerated and tankers, to cater to specific industries like food and beverages, chemicals, and construction is expanding the market reach. The emphasis on developing robust aftermarket services, spare parts networks, and customization options for semi-trailers is enhancing market competitiveness. Additionally, the rising investments in R&D for aerodynamic, energy-efficient, and electric semi-trailer designs are further supporting market growth.

SCOPE OF STUDY:

The report analyzes the Semi-Trailers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Dry Van, Refrigerated, Lowboy, Flatbed, Tankers, Other Types); Tonnage (Below 25T, 25T-50T, 51T-100T, Above 100T); Number of Axles (Below3 Axles, 3-4 Axles, Above 4 Axles)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Aurora Parts & Accessories
• Balaton Transped Kft.
• Broshuis
• Chereau SAS
• Chicago Trailer Pool
• CIMC Vehicles Group
• Dutch Lanka Trailer Manufacturers
• Ekolis
• Fahrzeugwerk Bernard KRONE GmbH & Co. KG
• Fleet Trailer, LLC

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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CHINA
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EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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