Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Semi-Trailer Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Semi-Trailer Industry in 2024 and 2025?
The Semi-Trailer Global Market Report indicates a steady increase in market size. It was valued at $31.29 billion in 2024, and it's projected to rise to $32.78 billion in 2025. This suggests a compound annual growth rate (CAGR) of 4.8%.
What Is the Projected Market Size of the Semi-Trailer Market in 2029?
The Semi-Trailer Global Market Report 2025 predicts that by 2029, the semi-trailer market will reach a size of $40.85 billion, growing at a compound annual growth rate (CAGR) of 5.7%.
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What Are the Key Drivers of Semi-Trailer Market Growth?
The key drivers in the semi-trailer market are:
• Sustainable transportation initiatives
• Digitalization in logistics
• Implementation of last-mile delivery solutions
• Infrastructure investment
• Adoption of autonomous freight transportation
What Are the Primary Segmentation Categories in the Semi-Trailer Market?
The semi-trailer market covered in this report is segmented –
1) By Type: Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, Other Types
2) By Length: Up To 45 Feet, Above 45 Feet
3) By End-Use: Heavy Industry, FMCG, Chemical, Automotive, Oil And Gas, Healthcare, Logistics, Other End-Users
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What Are the Major Trends Shaping the Semi-Trailer Market in 2025 and Beyond?
The key trends in the semi-trailer market are:
• Advanced technologies are emerging as a significant trend in the market.
• The market is seeing growth with the advent of electric and hybrid semi-trailers.
• Integration of connectivity and IoT is a major trend shaping the future of the market.
• There is a rise of automation, autonomous features, and advanced safety features in the industry.
Who Are the Emerging Players in the Semi-Trailer Market?
Major players in the semi-trailer market are:
• Wabash National Corporation
• Schmitz Cargobull AG
• Great Dane LLC
• Krone GmbH & Co KG
• Kogel Trailer GmbH & Co. KG
• Utility Trailer Manufacturing Company
• Hyundai Motor Company
• Stoughton Trailers LLC
• Vanguard National Trailer Corporation
• MAC Trailer Manufacturing
• Manac Inc.
• East Manufacturing Corporation
• Fontaine Trailer Company
• Wilson Trailer Company
• Doonan Specialized Trailer LLC
• Pitts Enterprises Inc.
• Strick Trailers LLC
• Reitnouer Inc.
• Heil Trailer International LLC
• Transcraft Corporation
• Trail King Industries Inc.
• Travis Body & Trailer Inc.
• Talbert Manufacturing Inc.
• Timpte Inc.
• XL Specialized Trailers LLC
• Dorsey Trailer LLC
• Witzco Challenger Trailers Inc.
• Lode King Industries Ltd.
• Muv-All Trailer Company
• Trail-Eze Inc.
Which Regions Are Leading the Growth in the Global Semi-Trailer Market?
North America was the largest region in the semi-trailer market in 2024
