Semi-Trailer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Semi Trailer Market Manufacturers and the Market is Segmented by Vehicle Type (Lowboy, Flatbed, Refrigerated, Dry Van, and Other Vehicle Types), Tonnage (Below 25 T, 25 T-50 T, 51 T-100 T, and Above 100 T), Foot Length (28-45 Foot and Greater Than 45 Foot), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers the Market Size and Forecast for the Semi-Trailer Market in Value (USD Billion) for all the Segments Mentioned Above.

Semi-Trailer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Semi-Trailer Market Size

Semi-trailer Market (2025 - 2030)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.30 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Semi-trailer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Semi-trailer Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

Semi-Trailer Market Analysis

The Semi-trailer Market is expected to register a CAGR of greater than 5.30% during the forecast period.

The market was negatively impacted by COVID-19 in 2021. This resulted in reduced industrial production. Subsequently, this instigated low demand for semi-trailers. Equally, sales and production of the semi-trailers lowered as the global supply chain of the market got disrupted. For instance, a well-known manufacturer of semi-trailers in Europe, Schmitz's, saw a decline of 28% for units manufactured in 2019-2020. The lesser hours of production have impacted the overall production rate of the company, ensuing in losses in that quarter.

Over the medium term, the growing usage of alternative fuels is likely to propel the growth prospects for the semi-trailer market over the forecast period. Semi-trailer manufacturers are adopting and developing cutting-edge technologies to augment the efficiency of vehicles. For instance, Ekeri, a Finland-based company, developed a side opening design for a semi-trailer, which is expected to save 30 minutes on each daily run. Likewise, Kässbohrer, a Germany-based company, lately launched 18 latest models of semi-trailers across four product groups in retort to the changing trends in the industry to accommodate the exact requirements of the consumers.

Most of the transportation in the manufacturing, automotive, construction, and energy sectors happens through roads and trailers, owing to their versatility and flexibility. Semi-trailers are more popular than full trailers.

Semi-Trailer Industry Overview

Great Dane LLC, Wabash National Corporation, Krone GmbH & Co. KG, Utility Trailer Manufacturing Company, China International Marine Containers (Group) Ltd, and Schmitz Cargobull AG are the major players operating in the semi-trailer market. The manufacturers of semi-trailers are expanding and producing more trailers owing to increasing demand. For instance,

In November 2021, Great Dane LLC planned to expand with an investment of USD 50 million in Vigo County, United States. This expansion will be of investment in new equipment in addition to developing its manufacturing facility.

Utility Trailer Manufacturing Company is the family-operated, privately owned, oldest trailer manufacturer and the largest manufacturer of refrigerated vans in the United States. In 2019, the company built around 52,000 trailers.

Semi-Trailer Market Leaders

  1. Schmitz Cargobull AG

  2. Utility Trailer Manufacturing Company

  3. China International Marine Containers (Group) Ltd

  4. Fahrzeugwerk Bernard KRONE GmbH & Co. KG

  5. Wabash National

  6. *Disclaimer: Major Players sorted in no particular order
Semi-trailer Market Concentration
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Semi-Trailer Market News

  • November 2021: Schmitz Cargobull launched S. KO PACE SMART, a new box body semi-trailer. The lightweight panels are used for building trailers which are far lesser in weight than competitors. This will also drastically lower carbon emissions over the lifetime of the trailer, through which operators can assume to convert into lower fuel bills.
  • October 2021: Krone and Trailer Dynamics announced a strategic partnership. The goal of this partnership is to build an electrified trailer that substantially lowers the CO2 and diesel emissions of diesel semi-trailers and boosts the range of BEV semi-trailers.
  • October 2020: Sandia National Laboratories revealed this month that it strapped rockets to a semi-truck and slammed it into the lab's new nuclear weapons transporter. The experiment was conducted this summer and was designed to test the reliability of the new Mobile Guardian Transporter, a third-generation truck built to move nuclear weapons and materials safely.
  • April 2020: Tesla stated it is expected to release semi-trailers to the public by 2021. Companies, including Pepsi Co. and Walmart, among others, have already placed orders for electrified semi-trailers.

Semi-Trailer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Buyers/Consumers
    • 4.3.2 Bargaining Power of Suppliers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Vehicle Type
    • 5.1.1 Lowboy
    • 5.1.2 Flatbed
    • 5.1.3 Refrigerated
    • 5.1.4 Dry Van
    • 5.1.5 Other Vehicle Types
  • 5.2 By Tonnage
    • 5.2.1 Below 25 T
    • 5.2.2 25 T-50 T
    • 5.2.3 51 T-100 T
    • 5.2.4 Above 100 T
  • 5.3 By Foot Length
    • 5.3.1 28-45 Foot
    • 5.3.2 Greater than 45 Foot
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 East Manufacturing Corporation
    • 6.2.2 Hyundai Translead
    • 6.2.3 Kentucky Trailer
    • 6.2.4 Mac Trailer Manufacturing Inc.
    • 6.2.5 Manac Inc.
    • 6.2.6 Wabash National Corporation
    • 6.2.7 Great Dane LLC
    • 6.2.8 Pitts Trailers
    • 6.2.9 Premier Trailer Mfg. Inc.
    • 6.2.10 China International Marine Containers (Group) Ltd
    • 6.2.11 Schmitz Cargobull AG
    • 6.2.12 Krone GmbH & Co. KG

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Semi-Trailer Industry Segmentation

A semi-trailer is a sort of a trailer that does not have the grouping of one or more trailers, or any shaft that is used to transport carriage is called a semi-trailer. Semi-trailers are generally used in the industries such as food and beverages, oil and gas, medical, and construction.

The semi-trailer market is segmented by vehicle type (lowboy, flatbed, refrigerated, dry van, and other vehicle types), tonnage (below 25 T, 25 T-50 T, 51 T-100 T, and above 100 T), foot length (28-45 foot and greater than 45 foot), and geography (North America, Europe, Asia-Pacific, and Rest of the World).

By Vehicle Type Lowboy
Flatbed
Refrigerated
Dry Van
Other Vehicle Types
By Tonnage Below 25 T
25 T-50 T
51 T-100 T
Above 100 T
By Foot Length 28-45 Foot
Greater than 45 Foot
By Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle-East and Africa
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Semi-Trailer Market Research FAQs

What is the current Semi-trailer Market size?

The Semi-trailer Market is projected to register a CAGR of greater than 5.30% during the forecast period (2025-2030)

Who are the key players in Semi-trailer Market?

Schmitz Cargobull AG, Utility Trailer Manufacturing Company, China International Marine Containers (Group) Ltd, Fahrzeugwerk Bernard KRONE GmbH & Co. KG and Wabash National are the major companies operating in the Semi-trailer Market.

Which is the fastest growing region in Semi-trailer Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Semi-trailer Market?

In 2025, the Asia-Pacific accounts for the largest market share in Semi-trailer Market.

What years does this Semi-trailer Market cover?

The report covers the Semi-trailer Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Semi-trailer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Semi Trailer Industry Report

The global semi-trailer market is witnessing remarkable market growth, driven by the increasing demand for efficient transportation solutions in sectors like FMCG, automotive, and logistics. Urbanization and manufacturing expansion are boosting the need for semi-trailers, essential for their cost advantages and wide inland connectivity. Innovations such as electrification, autonomous trucks, and digitalization are driving semi-trailer manufacturers to invest in new technologies, offering eco-friendly electric semi-trailers as a sustainable alternative.

The market, segmented by type including flatbed, lowboy, dry van, refrigerated, and tankers, caters to diverse transportation needs, with the Asia Pacific and North America leading in market share. This growth is supported by the expansion of end-use industries and the cold chain industry. As semi-trailer brands and manufacturers focus on creating differentiated products with competitive pricing and technical capabilities, they align with the dynamic requirements of the transportation and logistics industry.

For detailed statistics on market share, size, and revenue growth, Mordor Intelligence™ provides comprehensive analysis and forecasts, available as a free report PDF download. The report offers insights into the market size and forecast for the semi-trailer market in value for all the segments mentioned above. The industry analysis highlights the significant market trends and market predictions, emphasizing the growth rate and market segmentation. The market report includes comprehensive market data, industry statistics, and a market review.

Industry reports and research companies provide valuable industry information and industry outlook, covering market overview, industry size, and market value. The market forecast and market outlook are essential for understanding the future landscape of the semi-trailer industry. Market leaders are continuously innovating to stay competitive, as indicated by the industry research and industry sales data. The report example and report PDF offer a detailed market analysis, ensuring stakeholders are well-informed about the market dynamics.

Semi Trailer Market Report Snapshots