Semi-Trailer Market Highlights:
Semi-Trailer Market to Register High Growth Rates during The Forecast Period. Market Research Future published a semi-trailer research report on the Global Semi-Trailer Market. The semi-trailer market is expected to grow at ~ 5% CAGR during the period 2017 to 2023. The semi-trailer market is diverse and there are a wide variety of sizes and configurations. The semi-trailer market is expected to grow significantly over the forecast period. This is due to the growth in GDP per capita, the aging demography, and the growth in international inbound and outbound tourism in various countries, all over the globe.
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Semi-Trailer Market Insights:
This study provides an overview of the global semi-trailer market, tracking three market segments across four geographic regions. North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report thus provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global semi-trailer market by type, tonnage, axle count and regions.
Based on the axle count, the market has been segmented as <3 axles, 3-4 axles and> 4 axles. Below these, less than less than 3 axles is expected to dominate, in terms of growth rate. These trailers are extensively used and preferred over other semi-trailers in the region of Europe and Asia Pacific. The legally permissible load which can be used on a semi-trailer depends on the semi-trailer. Thus, it can be concluded that the government regulations on weight limits, is driving the less than 3 axles segment.
Geographically, the global semi-trailer market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate the global semi-trailer market. This is due to factors as improving road infrastructure, expanding supply chain industry, introduction of government regulations on weight and dimensions of a semi-trailer.
The prominent players in the semi-trailer market include Wabash National Corporation (US), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co. KG (Germany), and Great Dane Trailers (US), American Trailer & Storage (US), PACCAR Inc. (US), China International Marine Containers (Group) Co., Ltd. (China), Utility Trailer Manufacturing Company (the US), Schmitz Cargobull AG (Germany), and Great Dane Limited Partnership (the US).
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