Semi-trailers Market

By Type;

Dry Van, Refrigerated, Lowboy, Flatbed, Tankers and Other Types

By Tonnage;

Below 25T, 25T-50T, 51T-100T and Above 100T

By Number Of Axles;

Below 3 Axles, 3-4 Axles and Above 4 Axles

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn714189173 Published Date: October, 2025 Updated Date: November, 2025

Semi-trailer Market Overview

Semi-trailer Market (USD Million)

Semi-trailer Market was valued at USD 36,788.40 million in the year 2024. The size of this market is expected to increase to USD 54,229.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.


Semi-trailers Market

*Market size in USD million

CAGR 5.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.7 %
Market Size (2024)USD 36,788.40 Million
Market Size (2031)USD 54,229.53 Million
Market ConcentrationMedium
Report Pages396
36,788.40
2024
54,229.53
2031

Major Players

  • Wabash National Corporation
  • Great Dane
  • Utility Trailer Manufacturing Company
  • Schmitz Cargobull AG
  • Hyundai Translead
  • Fontaine Trailer Company

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Semi-trailers Market

Fragmented - Highly competitive market without dominant players


The Semi-trailers Market is witnessing robust growth as the demand for transportation solutions continues to rise globally. Approximately 75% of freight in many regions is transported using semi-trailers, highlighting their vital role in logistics and supply chain operations. These versatile vehicles are used for hauling large and heavy cargo across various industries, making them an essential part of the transportation infrastructure.

Increasing Demand in E-commerce and Logistics
The growth of e-commerce and logistics services has directly contributed to the rising demand for semi-trailers. Around 65% of logistics companies report an increase in the need for semi-trailers to meet the growing volume of goods being shipped. This trend is further driven by the expansion of online retail and the need for faster, more efficient deliveries to meet consumer expectations.

Technological Advancements Enhancing Efficiency
Technological innovations in semi-trailers, such as GPS tracking, telematics, and improved suspension systems, are driving the market forward. Approximately 60% of semi-trailers in use today are equipped with advanced technology that improves fuel efficiency, safety, and fleet management. These innovations not only enhance operational efficiency but also help reduce operational costs for fleet operators.

Cost-Effectiveness and Operational Flexibility
semi-trailer market benefits from the cost-effectiveness and operational flexibility offered by these vehicles. Around 70% of fleet operators prefer semi-trailers due to their ability to carry heavier loads and their relatively low operational costs compared to other transport options. The ability to use semi-trailers across multiple industries adds to their versatility and appeal.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Tonnage
    3. Market Snapshot, By Number of Axles
    4. Market Snapshot, By Region
  4. Semi-trailer Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for efficient transportation solutions
        2. Expansion of e-commerce and retail sectors
        3. Infrastructure development initiatives
        4. Increasing international trade activities
        5. Technological advancements in semi-trailer design and manufacturing
      2. Restraints
        1. Fluctuating raw material prices
        2. Regulatory challenges and compliance requirements
        3. Supply chain disruptions and logistics constraints
        4. Environmental concerns and sustainability considerations
      3. Opportunities
        1. Emerging markets with untapped potential
        2. Integration of telematics and IoT solutions
        3. Adoption of lightweight materials for enhanced fuel efficiency
        4. Customization and specialization of semi-trailer designs
        5. Strategic partnerships and collaborations within the industry
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Semi-trailers Market, By Type, 2021 - 2031 (USD Million)
      1. Dry Van
      2. Refrigerated
      3. Lowboy
      4. Flatbed
      5. Tankers
      6. Others
    2. Semi-trailers Market, By Tonnage, 2021 - 2031 (USD Million)
      1. Below 25T
      2. 25T-50T
      3. 51T-100T
      4. Above 100T
    3. Semi-trailers Market, By Number Of Axles, 2021 - 2031 (USD Million)
      1. Below 3 Axles
      2. 3-4 Axles
      3. Above 4 Axles
    4. Semi-trailer Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Qingdao CIMC Special Vehicles Co., Ltd.
      2. Wabash National Corporation
      3. Schmitz Cargobull AG
      4. Utility Trailer Manufacturing Company
      5. Krone (Bernard Krone Holding SE & Co. KG)
      6. Great Dane LLC
      7. Hyundai Translead
      8. Lamberet SAS
      9. Polar Tank Trailer, LLC
      10. MAC Trailer Manufacturing, Inc.
      11. Doepker Industries Ltd.
      12. Trail King Industries
      13. Pitts Trailers
      14. East Manufacturing Corporation
      15. Kögel Trailer GmbH & Co. KG
  7. Analyst Views
  8. Future Outlook of the Market