Semi-Trailer Market, By Type (Dry Vans, Flat Bed Trailer, Refrigerated Trailers, Lowboy Trailers, Tankers, and Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : May 2023

Code : CMI5767

Pages :170

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Challenges And Opportunities

Restraints & Challenges:

Presence of local players in unorganized sector
Certain rules and regulations around development of semi-trailers

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.