Jun 24, 2020 (CDN Newswire via Comtex) -- Semi Trailer Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings to light a clear insight about the market share analysis and actions of key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).
Company snapshot, geographical presence, product portfolio, and recent developments are taken into account for studying the company profiles. Semi Trailer Market research report has the potential to convince strategic and specific needs of any business in the Automotive industry. Furthermore, this Semi Trailer Market report displays momentous data, current market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry. Semi Trailer Market is a professional and a meticulous market report which underlines primary and secondary drivers, market share, leading segments and geographical analysis.
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Global Semi-Trailer Market is expected to rise from its initial estimated value of USD 27.45 billion in 2018 to an estimated value of USD 40.78 billion by 2026, registering a CAGR of 5.07% in the forecast period of 2019-2026 . Rising manufacturing activities in developing countries is major factor for the growth of this market.
Few of the major competitors currently working in the global semi-trailer market are China International Marine Containers (Group) Ltd, Wabash National Corporation, Schmitz Cargobull AG, Utility Trailer Manufacturing Company, KRONE, Kogel Trailer GmbH, HYUNDAI Translead, LAMBERET SAS, Wilhelm Schwarzmuller GmbH, Fontaine Commercial Trailer, Inc., Doepker Industries Limited, Trail King Industries, Polar Tank, Pitts Trailers, East Manufacturing Corporation, Mac Trailer Manufacturing, Inc., Strick Trailers, LLC., HEIL TRAILER INTERNATIONAL, STI HOLDINGS, INC, Vanguard National Trailer Corp .
Conducts Overall Global Semi-Trailer Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of Global Semi-Trailer Market By Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tanker, Others), Tonnage Type (Below 25 Ton, 25-50 Ton, 51-100 Ton, Above 100 Ton), Number of Axles (Less Than 3 Axles, 3-4 Axles, More Than 4 Axles), End- User (Heavy Industry, Construction, Medical, Food & Beverage, Oil & Gas, Textile Industry, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026.
Market Definition: Global Semi-Trailer Market
Semi-trailer is a trailer which doesn't have any shaft and the combination of one or more trailor which is used to carry carriage is called semi- trailer truck. These semi- trailers are widely used in the industries like construction, medical, oil& gas, food & beverages etc. The large amount of the semi- trailer weight is supported by tractor unit known as dolly and these semi-trailers when are disassociated are armed with landing gear. Growth in the cold chain industry is the major factor fuelling the growth of this market.
Growth in the cold chain industry is driving the growth of this market.
Technological advancement and development is another factor driving the growth of this market.
Rising local manufacturer is restraining the growth of this market.
Dearth of proper infrastructure is another important factor restraining the growth of this market.
The Global Semi-Trailer Market report covers market shares for global, Europe, North America, Asia Pacific and South America. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.
Competitive Analysis: Global Semi-Trailer Market
Global Semi-Trailer Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart parking market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In August 2018, Manac Inc. announced that they have acquired Alutrec Inc. This acquisition will help the Manac to expand their portfolio as alutrec has wide range of products in aluminum platform segment which will help both the company to expand and strengthen their business in the market place.
In September 2017, Wabash National Corporation announced that they have acquired Supreme Industries, Inc. so that they can influence the urbanization and ecommerce trends for home delivery. This acquisition will advance the final mile evolution strategy.
Table Of Contents: Global Semi-Trailer Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis