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North America Semi-Trailer Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers, and Other Types), Number of Axles (Less Than 3 Axles, 3 to 4 Axles, and More Than 4 Axles), and Tonnage (Below 25 Tons, 25 Tons and 50 Tons, 51 Tons and 100 Tons, and Above 100 Tons)

Code: TIPRE00019163 | Pages: 124 | Industry: Automotive and Transportation | Date: Feb 2021
Covid

In terms of revenue, the North America semi-trailer market was valued at US$ 10,637.1 million in 2019 and it is expected to grow at a CAGR of 4.2% during the forecast period of 2020 to 2027 to reach US$ 13,638.4 million by 2027.

 

Technological advancements have enhanced the seafood packaging, processing, and storage processes during their shipping from one place to another. The retail sector in the US is altering the ways food is being made available across every retail shop, such as convenience stores and supermarkets. These changes in the food, pharmaceuticals, and retail industries—boosting the demand for cold chain—are supporting the growth of the semi-trailer market in North America. The developments in cold chains help in retaining the quality of the perishable food and temperature-sensitive medical products, thereby assuring reliable and efficient shipping of these products. The shipment of frozen foods in refrigerator semi-trailers facilitates the preservation of their nutritive values and quality for a longer period. The cold chain operators in North America are constantly focusing on advancements in the existing technologies associated with the transportation of products, while ensuring efficiency, integrity, and safety. Several market players present in the region are focusing on the development of a variety of semi-trailers. For instance, in 2020, Fontaine introduced Fontaine Magnitude 60LCC, a lowbed trailer intended for customers working in regions where spread-axle configurations are not required to maximize their trailer loads. Similarly, in 2019, East Manufacturing introduced its aluminum air tank as a standard on all trailer types and models, which is a lightweight trailer and rising its life span and recycling value by implementing anti-corrosive material and coating. Thus, such developments in the US, Canada, and Mexico, are accelerating the growth of the North America semi-trailer market.

 

North America is an early adopter of several advanced technologies. Companies present in this region are continuously focusing on enhancing the overall business processes to meet customer requirements by offering high-quality products and services in the best possible way. The supply chain industry in the region has been undergoing a constant transformation, thereby substantially impacting warehousing and distribution fundamentals. Emerging technologies play a significant role in this development by filling a gap between supply chain operations and customers. The escalating adoption of semi-trailers in the US is mainly attributed to the boom in the automotive and e-commerce sectors and increased demand for perishable foods by the retailers. The mode of transportation for perishable goods depends on the type of goods, distance over which the product needs to be transported, and conditions under which the product must be shipped. Depending on the mode of transportation, the perishable goods are transported through sea, air, rail, and roadways. Road transportation is highly preferred to transport goods across the borders. Thus, the demand for refrigerated semi-trailers is growing across the region. On other hand, due to the COVID-19 outbreak, majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to past, and the automotive, manufacturing, and semiconductor industries are at a halt, which is negatively impacting the semi-trailer market. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage compared to the US, which is the worst affected country due to the COVID-19 outbreak. The huge increase in number of confirmed cases in the US and rise in reported deaths in the country have affected the logistics industry. As per Geotab Inc.'s study, a significant drop has been witnessed in commercial transportation activity in the US and Canada, wherein the US, the impact is more significant. With a decline in commercial transportation activity, the growth of semi-trailer market in the region has been impacted in a negative manner.

 

North America Semi-Trailer Market Revenue and Forecast to 2027 (US$ Million)

North America Semi-Trailer Market Revenue and Forecast to 2027 (US$ Million)

 

North America Semi-Trailer Market Segmentation


North America Semi-Trailer Market – by Type

  • Flatbed
  • Lowboy
  • Dry Van
  • Refrigerated
  • Tankers
  • Other Types

North America Semi-Trailer Market – by Number of Axles

  • Less Than 3 Axles
  • 3 to 4 Axles
  • More Than 4 Axles

North America Semi-Trailer Market – by Tonnage

  • Below 25 Tons
  • 25 Tons and 50 Tons
  • 51 Tons and 100 Tons
  • Above 100 Tons

North America Semi-Trailer Market – by Country

  • US
  • Canada
  • Mexico

North America Semi-Trailer Market - Companies Mentioned

  • Hyundai Translead
  • Manac Inc.
  • East Manufacturing Corporation
  • Fontaine Trailer
  • Great Dane LLC
  • HEIL TRAILER INTERNATIONAL
  • Kentucky Trailer
  • STI HOLDINGS, INC (Stoughton Trailers)
  • Trail King Industries
  • Utility Trailer Manufacturing Company
  • Vanguard National Trailer Corp.
  • Wabash National Corporation

1.        Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1      North America Semi-Trailer Market – By Number of Axles

1.3.2      North America Semi-Trailer Market – By Type

1.3.3      North America Semi-Trailer Market – By Tonnage

1.3.4      North America Semi-Trailer Market- By Country

2.        Key Takeaways

3.        Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.        North America Semi-Trailer Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1      North America

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.        North America Semi-Trailer –Market Dynamics

5.1       Market Drivers

5.1.1      Rising Demand for Efficient Transportation from End-User Industries

5.2       Market Restraints

5.2.1      High Cost of Ownership and Maintenance Costs

5.3       Market Opportunities

5.3.1      Growth in Cold Chain Industry to Offer Opportunities

5.4       Future Trends

5.4.1      Technology Advancements to Increase Operational Efficiency

5.5       Impact Analysis of Drivers and Restraints

6.        Semi-Trailer Market – North America Analysis

6.1       North America Semi-Trailer Market Overview

6.2       North America Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Five Key Players

7.        North America Semi-Trailer Market Analysis – By Type

7.1       Overview

7.2       Semi-Trailer Market Breakdown, by Type, 2019 & 2027

7.3       Flatbeds

7.3.1      Overview

7.3.2      Flatbeds Market Revenue and Forecast to 2027 (US$ Million)

7.4       Lowboy

7.4.1      Overview

7.4.2      Lowboy Market Revenue and Forecast to 2027 (US$ Million)

7.5       Dry Van

7.5.1      Overview

7.5.2      Dry Van Market Revenue and Forecast to 2027 (US$ Million)

7.6       Refrigerated

7.6.1      Overview

7.6.2      Refrigerated Market Revenue and Forecast to 2027 (US$ Million)

7.7       Tankers

7.7.1      Overview

7.7.2      Tankers Market Revenue and Forecast to 2027 (US$ Million)

7.8       Other Types

7.8.1      Overview

7.8.2      Other Types Market Revenue and Forecast to 2027 (US$ Million)

8.        North America Semi-Trailer Market Analysis – By Number of Axles

8.1       Overview

8.2       Semi-Trailer Market Breakdown, by Number of Axles, 2019 & 2027

8.3       Less Than 3 Axles

8.3.1      Overview

8.3.2      Less Than 3 Axles Market Revenue and Forecast to 2027 (US$ Million)

8.4       3 to 4 Axles

8.4.1      Overview

8.4.2      3 to 4 Axles Market Revenue and Forecast to 2027 (US$ Million)

8.5       More Than 4 Axles

8.5.1      Overview

8.5.2      More Than 4 Axles Market Revenue and Forecast to 2027 (US$ Million)

9.        North America Semi-Trailer Market Analysis – By Tonnage

9.1       Overview

9.2       Semi-Trailer Market Breakdown, by Tonnage, 2019 & 2027

9.3       Below 25 Tons

9.3.1      Overview

9.3.2      Below 25 Tons Market Revenue and Forecast to 2027 (US$ Million)

9.4 Tons to 50 Tons

9.4.1      Overview

9.4.2 Tons to 50 Tons Market Revenue and Forecast to 2027 (US$ Million)

9.5 Tons to 100 Tons

9.5.1      Overview

9.5.2 Tons to 100 Tons Market Revenue and Forecast to 2027 (US$ Million)

9.6       Above 100 Tons

9.6.1      Overview

9.6.2      Above 100 Tons Market Revenue and Forecast to 2027 (US$ Million)

10.      North America Semi-Trailer Market – Country Analysis

10.1    North America: Semi-Trailer Market, By Country

10.1.1    US: Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1     US: Semi-Trailer Market, by Number of Axles

10.1.1.2     US: Semi-Trailer Market, by Type

10.1.1.3     US: Semi-Trailer Market, by Tonnage

10.1.2    Canada: Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2.1     Canada: Semi-Trailer Market, by Number of Axles

10.1.2.2     Canada: Semi-Trailer Market, by Type

10.1.2.3     Canada: Semi-Trailer Market, by Tonnage

10.1.3    Mexico: Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

10.1.3.1     Mexico: Semi-Trailer Market, by Number of Axle

10.1.3.2     Mexico: Semi-Trailer Market, by Type

10.1.3.3     Mexico: Semi-Trailer Market, by Tonnage

11.      North America Semi-Trailer Market- COVID-19 Impact Analysis

11.1    North America

12.      North America Semi-Trailer Market-Industry Landscape

12.1    Overview

13.      Company Profiles

13.1    Fontaine Trailer

13.1.1    Key Facts

13.1.2    Business Description

13.1.3    Products and Services

13.1.4    Financial Overview

13.1.5    SWOT Analysis

13.1.6    Key Developments

13.2    Great Dane LLC

13.2.1    Key Facts

13.2.2    Business Description

13.2.3    Products and Services

13.2.4    Financial Overview

13.2.5    SWOT Analysis

13.2.6    Key Developments

13.3    Kentucky Trailer

13.3.1    Key Facts

13.3.2    Business Description

13.3.3    Products and Services

13.3.4    Financial Overview

13.3.5    SWOT Analysis

13.3.6    Key Developments

13.4    HEIL TRAILER INTERNATIONAL

13.4.1    Key Facts

13.4.2    Business Description

13.4.3    Products and Services

13.4.4    Financial Overview

13.4.5    SWOT Analysis

13.4.6    Key Developments

13.5    STI HOLDINGS, INC (Stoughton Trailers)

13.5.1    Key Facts

13.5.2    Business Description

13.5.3    Products and Services

13.5.4    Financial Overview

13.5.5    SWOT Analysis

13.5.6    Key Developments

13.6    Trail King Industries

13.6.1    Key Facts

13.6.2    Business Description

13.6.3    Products and Services

13.6.4    Financial Overview

13.6.5    SWOT Analysis

13.6.6    Key Developments

13.7    Utility Trailer Manufacturing Company

13.7.1    Key Facts

13.7.2    Business Description

13.7.3    Products and Services

13.7.4    Financial Overview

13.7.5    SWOT Analysis

13.7.6    Key Developments

13.8    Vanguard National Trailer Corp.

13.8.1    Key Facts

13.8.2    Business Description

13.8.3    Products and Services

13.8.4    Financial Overview

13.8.5    SWOT Analysis

13.8.6    Key Developments

13.9    Wabash National Corporation

13.9.1    Key Facts

13.9.2    Business Description

13.9.3    Products and Services

13.9.4    Financial Overview

13.9.5    SWOT Analysis

13.9.6    Key Developments

13.10  East Manufacturing Corporation

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

13.11  Hyundai Translead

13.11.1  Key Facts

13.11.2  Business Description

13.11.3  Products and Services

13.11.4  Financial Overview

13.11.5  SWOT Analysis

13.11.6  Key Developments

13.12  Manac Inc.

13.12.1  Key Facts

13.12.2  Business Description

13.12.3  Products and Services

13.12.4  Financial Overview

13.12.5  SWOT Analysis

13.12.6  Key Developments

14.      Appendix

14.1    About The Insight Partners

14.2    Word Index

 

LIST OF TABLES

Table 1.          North America Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.          US: Semi-Trailer Market, By Number of Axles – Revenue and Forecast to 2027 (US$ Million)

Table 3.          US: Semi-Trailer Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 4.          US: Semi-Trailer Market, By Tonnage – Revenue and Forecast to 2027 (US$ Million)

Table 5.          Canada: Semi-Trailer Market, By Number of Axles – Revenue and Forecast to 2027 (US$ Million)

Table 6.          Canada: Semi-Trailer Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.          Canada: Semi-Trailer Market, By Tonnage – Revenue and Forecast to 2027 (US$ Million)

Table 8.          Mexico: Semi-Trailer Market, By Number of Axle – Revenue and Forecast to 2027 (US$ Million)

Table 9.          Mexico: Semi-Trailer Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 10.       Mexico: Semi-Trailer Market, By Tonnage – Revenue and Forecast to 2027 (US$ Million)

Table 11.       List of Abbreviation

 

LIST OF FIGURES

Figure 1.        North America Semi-Trailer Market Segmentation

Figure 2.        North America Semi-Trailer Market Overview

Figure 3.        Dry Van Held the Largest Market Share

Figure 4.        Less Than 3 Axle Held the Largest Market Share

Figure 5.        Below 25 Tons Held the Largest Market Share

Figure 6.        North America- PEST Analysis

Figure 7.        North America Semi-Trailer Market– Ecosystem Analysis

Figure 8.        Expert Opinion

Figure 9.        Semi-Trailer Market Impact Analysis of Drivers and Restraints

Figure 10.      North America Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.      Semi-Trailer Market Breakdown, by Type (2019 and 2027)

Figure 12.      Flatbeds Market Revenue and Forecast to 2027 (US$ Million)

Figure 13.      Lowboy Market Revenue and Forecast To 2027 (US$ Million)

Figure 14.      Dry Van Market Revenue and Forecast To 2027 (US$ Million)

Figure 15.      Refrigerated Market Revenue and Forecast To 2027 (US$ Million)

Figure 16.      Tankers Market Revenue and Forecast To 2027 (US$ Million)

Figure 17.      Other Types Market Revenue and Forecast To 2027 (US$ Million)

Figure 18.      Semi-Trailer Market Breakdown, by Number of Axles (2019 and 2027)

Figure 19.      Less Than 3 Axles Market Revenue and Forecast to 2027 (US$ Million)

Figure 20.      3 to 4 Axles Market Revenue and Forecast to 2027 (US$ Million)

Figure 21.      More Than 4 Axles Market Revenue and Forecast to 2027 (US$ Million)

Figure 22.      Semi-Trailer Market Breakdown, by Tonnage (2019 and 2027)

Figure 23.      Below 25 Tons Market Revenue and Forecast to 2027 (US$ Million)

Figure 24. Tons to 50 Tons Market Revenue and Forecast To 2027 (US$ Million)

Figure 25. Tons to 100 Tons Market Revenue and Forecast To 2027 (US$ Million)

Figure 26.      Above 100 Tons Market Revenue and Forecast To 2027 (US$ Million)

Figure 27.      North America: Semi-Trailer Market Revenue Share, By Country (2019 and 2027)

Figure 28.      US Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.      Canada: Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.      Mexico: Semi-Trailer Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.      Impact of COVID-19 Pandemic in North America Country Markets

The List of Companies - North America Semi-Trailer Market

  1. Hyundai Translead
  2. Manac Inc.
  3. East Manufacturing Corporation
  4. Fontaine Trailer
  5. Great Dane LLC
  6. HEIL TRAILER INTERNATIONAL
  7. Kentucky Trailer
  8. STI HOLDINGS, INC (Stoughton Trailers)
  9. Trail King Industries
  10. Utility Trailer Manufacturing Company
  11. Vanguard National Trailer Corp.
  12. Wabash National Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Semi-Trailer market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the North America Semi-Trailer market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth South America market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

 


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