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Semi-trailer Market Share

Report ID: GMI7919
Published Date: Jan 2024
Report Format: PDF

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Semi-trailer Market Share

CIMC (China International Marine Containers) and Schmitz Cargobull AG are the prominent players, holding over 12% of revenue share in the global market. The key players are dominating the market through strategic initiatives, technological innovations, and global expansions. Leading companies are leveraging extensive product portfolios, focusing on lightweight materials, and incorporating advanced technologies.

These players also prioritize sustainability, safety features, and customization to meet diverse market demands. Their established global presence, robust supply chains, and continuous R&D efforts solidify their leading positions, shaping the competitive landscape and steering the trajectory of the market amid evolving industry trends and customer preferences.

Semi-trailer Market Companies

Major companies operating in the semi-trailer industry are:

CIMC (China International Marine Containers)
East Manufacturing Corporation
Fontaine Trailer Company
Great Dane Trailers
Hyundai Translead
Schmitz Cargobull AG
Stoughton Trailers, LLC
Strick Trailers, LLC
Utility Trailer Manufacturing Company (UTM)
Wabash National Corporation (WNC)

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of semi-trailer reached USD 24 billion in 2023 and is set to expand at 6% CAGR from 2024 to 2032, favored by the expansion of e-commerce and logistics networks.

The <3 axles segment accounted for a market share of 40.4% in 2023, as this configuration offers versatility for both regional and long-haul transport, catering to diverse industry needs.

Asia Pacific market held a revenue share of around 40% in 2023, attributed to rapid industrialization, urbanization, and expanding logistics networks.

CIMC (China International Marine Containers), East Manufacturing Corporation, Fontaine Trailer Company, Great Dane Trailers, Hyundai Translead, Schmitz Cargobull AG, Stoughton Trailers, LLC, Strick Trailers, LLC, Utility Trailer Manufacturing Company (UTM), and Wabash National Corporation (WNC).