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Semi Trailer Market to Register High Demand Until 2022
Pennsylvania Ag Connection - 04/26/2018

The Global Semi Trailer Market is anticipated to rise at a positive CAGR until 2022, according to a report published by Million Insights. Semi trailers are most useful equipment for transportation of products, and are equipped with the gear or landing gear. The semi trailers are most useful and in demand than the full trailers with rear and front axles. A semi trailer is defined as the trailers with a heavy front axle and the large portion of its weight which is supported by the tractor unit, is detachable.

Based on economic conditions and the different verticals, the demand for transportation by road becomes significant. There are industries such as automotive, construction, retail and others that need or are dependent on semi-trailers for logistics requirements. So, the market growth for semi trailers is in high demand, and the growth is governed by overall economic growth of the markets.

Due to development of new technologies, manufacturers of semi-trailers and others are focusing on developing aerodynamic semi trailers which will carry more freight and will lower overall fuel consumption. The fleet operations using trailer tails and side skirts with telematics, resulting in reduction of fuel consumption and emission levels to optimize different operations in the market, expects an upsurge in demand in the market during the predicted period.

Most of the developers and manufactures are going towards advanced chassis system capable of the handling extra weight. However, competitive pricing and demand, proper infrastructure of the semi trailer and the lack of proper infrastructure in emerging regions, will limit the market growth.

The Semi Trailer Market key players include Hyundai Translead, Vanguard National Trailer Corp, Stoughton Trailers LLC, Polar Tank Trailer, Pitts Enterprises, MAC Trailer Manufacturing, Strick Corporation, Fontaine Trailer Company and Reitnouer Inc., MANAC, Timpte Inc., Trail King Industries, Doepker Industries, Heil Trailer International, Co., Con-way Manufacturing, East Manufacturing Company.


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