Global Semi-Trailer Market Restraints:
Presence of local players in unorganized sector to hamper the market growth
The global semi-trailer market is significantly fragmented with multiple local and region players in the unorganized sector. In emerging countries such as India, small unorganized players have captured more than 70% of the market with location manufacturing activities. This factor in turn impacts the globally established players, as it reduces the keenness of cost-sensitive markets. Thus, this factor is expected to hinder growth of the global semi-trailer market over the forecast period.
Certain rules and regulations around development of semi-trailers to limit the market growth
In road transportation, the semi-trailer empty vehicle consumer more fuel compared to semi-trailer filled with goods and also increase the greenhouse gas emissions. For this, market players are finding ways to develop innovative and new semi-trailers that have lesser carbon foot print and are cost effective. However, certain rules and regulations implemented for the semi-trailers are hinder the market. Nevertheless, the new innovative designs of semi-trailers to overcome these challenges are likely to support the market growth.
Semi-Trailer Market Report Snapshots
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