Summary

Semi-trailer Market Summary

The global semi-trailer market size was estimated at USD 22.8 billion in 2024, and is projected to reach USD 42.3 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. Rising urbanization, increasing manufacturing output, and the growing need for efficient freight transportation are expected to be key factors driving the demand for semi-trailers.

The expansion of end-use industries such as logistics, retail, and construction is further contributing to the market growth. In particular, the rapid development of the cold chain industry is fueling the demand for refrigerated trailers to ensure temperature-sensitive cargo remains intact throughout transit. Moreover, fleet operators are increasingly adopting custom-built and application-specific semi-trailers, creating new avenues for manufacturers to offer tailored solutions.

This shift toward customization enhances operational efficiency and meets niche transportation requirements across different sectors. Also, the integration of telematics and smart tracking technologies into semi-trailers is emerging as a lucrative opportunity, enabling real-time fleet management, predictive maintenance, and improved asset utilization.

Logistics is one of the primary end use sectors for semi-trailers, with road transportation offering a cost-effective and flexible mode of freight movement. Improved road infrastructure, especially in emerging economies, is accelerating the use of trailers and trucks to meet the rising demand for goods delivery across the FMCG, e-commerce, and retail sectors. The shift toward fast and doorstep deliveries, driven by urbanization and changing lifestyles, is further boosting demand for road freight solutions. The growing demand for temperature-sensitive products such as pharmaceuticals, poultry, dairy, and fresh produce is fueling the need for refrigerated semi-trailers. Rising middle-class incomes, along with increasing awareness of health and nutrition, are encouraging consumers to opt for fresh, organic, and premium-quality products. This shift has supported the growth of QSR chains and fresh food delivery services, thereby expanding the global cold chain logistics network.

The FMCG industry, which depends on the rapid distribution of low-cost, high-demand perishable goods, continues to be a major driver of transportation needs. Factors such as increasing consumer spending, heightened brand awareness, growing digital retail adoption, and population growth are accelerating the demand for fast and reliable logistics. Since many FMCG items have limited shelf lives, efficient and timely transport using semi-trailers is essential for maintaining product quality and availability.

The shift from internal combustion engines to electric propulsion in commercial transportation is opening up a significant opportunity for manufacturers. Electrification addresses the dual goals of sustainability and cost efficiency, especially in regions enforcing strict emission norms. With ongoing R&D and investment in EV infrastructure, electric semi-trailers are poised to become a mainstream segment over the next decade. The explosion of e-commerce, along with omnichannel retail strategies, is driving the need for efficient regional and last-mile delivery networks. Semi-trailers that support intermodal logistics and quick loading/unloading cycles are gaining prominence. This trend is particularly visible in densely populated urban areas and fast-growing tier-2 and tier-3 cities.

Although semi-trailers are cost-effective over the long term, the high upfront investment can be a barrier for small and mid-sized fleet operators. The lack of widespread awareness about long-term TCO benefits and operational efficiency gains can slow down the market adoption in cost-sensitive regions.

Global Semi-trailer Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global semi-trailer market report based on type and region.

• Type Outlook (Revenue, USD Million; Volume Units, 2021 - 2033)
• Flat Bed Trailer
• Dry Vans
• Refrigerated Trailers
• Lowboy Trailers
• Tankers
• Others
• Regional Outlook (Revenue, USD Million; Volume, Units, 2021 - 2033)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
• Middle East & Africa (MEA)
o UAE
o Kingdom of Saudi Arabia (KSA)
o South Africa

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Semi-trailer Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Semi-trailer Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social Landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental Landscape
3.3.2.6. Legal landscape
Chapter 4. Semi-trailer Market: By Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Semi-trailer Market: By Type Movement Analysis, USD Million, Volume, 2024 & 2033
4.3. Flat Bed Trailer
4.3.1. Flat Bed Trailer Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
4.4. Dry Vans
4.4.1. Dry Vans Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
4.5. Refrigerated Trailers
4.5.1. Refrigerated Trailers Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
4.6. Lowboy Trailers
4.6.1. Lowboy Trailers Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
4.7. Tankers
4.7.1. Tankers Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
4.8. Others
4.8.1. Other Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
Chapter 5. Semi-trailer Market: Regional Estimates & Trend Analysis
5.1. Semi-trailer Market Share, By Region, 2024 & 2033, USD Million
5.2. North America
5.2.1. North America Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.2.2. U.S.
5.2.2.1. U.S. Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.2.3. Canada
5.2.3.1. Canada Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.2.4. Mexico
5.2.4.1. Mexico Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.3. Europe
5.3.1. Europe Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.3.2. UK
5.3.2.1. UK Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.3.3. Germany
5.3.3.1. Germany Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.3.4. France
5.3.4.1. Italy Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.4. Asia Pacific
5.4.1. Asia Pacific Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.4.2. China
5.4.2.1. China Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.4.3. Japan
5.4.3.1. Japan Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.4.4. India
5.4.4.1. India Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.4.5. South Korea
5.4.5.1. South Korea Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.4.6. Australia
5.4.6.1. Australia Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.5. Latin America
5.5.1. Latin America Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.5.2. Brazil
5.5.2.1. Brazil Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.6. Middle East and Africa
5.6.1. Middle East and Africa Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.6.2. UAE
5.6.2.1. UAE Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.6.3. KSA
5.6.3.1. KSA Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
5.6.4. South Africa
5.6.4.1. South Africa Semi-trailer Market Estimates and Forecasts, 2021 - 2033 (USD Million, Units)
Chapter 6. Competitive Landscape
6.1. Company Categorization
6.2. Company Market Positioning
6.3. Company Heat Map Analysis
6.4. Company Profiles/Listing
6.4.1. Qingdao CIMC Special Vehicles Co., Ltd
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Strategic Initiatives
6.4.2. Fontaine Trailer
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Strategic Initiatives
6.4.3. Great Dane A Division of Great Dane LLC.
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Strategic Initiatives
6.4.4. Kögel
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Strategic Initiatives
6.4.5. KRONE Trailer
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Strategic Initiatives
6.4.6. LAMBERT SAS
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Strategic Initiatives
6.4.7. Polar Tank Trailer
6.4.7.1. Participant’s Overview
6.4.7.2. Financial Performance
6.4.7.3. Product Benchmarking
6.4.7.4. Strategic Initiatives
6.4.8. Schmitz Cargobull
6.4.8.1. Participant’s Overview
6.4.8.2. Financial Performance
6.4.8.3. Product Benchmarking
6.4.8.4. Strategic Initiatives
6.4.9. Utility Trailer Manufacturing Company
6.4.9.1. Participant’s Overview
6.4.9.2. Financial Performance
6.4.9.3. Product Benchmarking
6.4.9.4. Strategic Initiatives
6.4.10. Wabash National Corporation
6.4.10.1. Participant’s Overview
6.4.10.2. Financial Performance
6.4.10.3. Product Benchmarking
6.4.10.4. Strategic Initiatives
6.4.11. HYUNDAI TRANSLATED
6.4.11.1. Participant’s Overview
6.4.11.2. Financial Performance
6.4.11.3. Product Benchmarking
6.4.11.4. Strategic Initiatives