Volume Insights on Semi Trailer Sector

Volume Insight Strategic Overview

Allied Market Research announces the release of its comprehensive analysis of the global number of semi-trailers. Semi-trailers are non-motorized vehicles designed to be towed by heavy-duty trucks or tractors, primarily used for transporting goods and materials across various industries. The sector includes a diverse array of trailer types tailored to specific transportation needs, such as dry vans, reefers, flatbeds, tankers, lowboys, and specialized trailers like automobile carriers and livestock trailers.

The report highlights the growing demand for semi-trailers. Rise in e-commerce has increased the demand for efficient transportation of goods from distribution centers to consumers are driving the demand for semi-trailers.

The moderate growth in the number of semi-trailers is attributed to the expansion of e-commerce distribution networks, the growing use of multiple transportation modes, and technological advancements that drive the sector demand.  The global volume of semi-trailers is expected to grow from 667.09 000 units in 2023 to 1127.75 000 units by 2033, registering a CAGR of 5.7% during the forecast period. This rapid expansion is supported by a surge in investment in green technologies and sustainable practices and the introduction of smart trailers with the integration of IoT and telematics

Regional Semi Trailer Sector Volume Growth

Asia-Pacific dominated the semi-trailer sector volume projection, with 36% share in 2023 with a 6.5% CAGR, while Europe, LAMEA and North America show strong growth at 6.0%, 5.1%, and 4.2% CAGR, respectively, from 2024-2033, driven by the growing use of multiple transportation modes.

The regional analysis highlights significant variations in adoption trends and sector potential across the globe. Asia-Pacific leads the semi-trailer industry, contributing over 36% of the total volume in 2023 and expected to grow at a CAGR of 6.5%, driven by growing demand from various industries to move various kinds of goods, including consumer products, heavy machinery, industrial equipment, and agricultural produce.  The growth in the Europe region is led by the UK, Germany, and France, and others, and is expected to grow at a steady 6.0% CAGR. This growth is driven by growing cross-border trade throughout the European Union and a growing manufacturing industry that are driving the sector sales for semi-trailers. The LAMEA region is expected to grow at a 5.1% during the forecast period, owing to expanding trade activity and infrastructure development programs in the region. In North America, the U.S., Canada and Mexico are the key countries and is expected to grow at a 4.2% during the review period, The growth is driven by growing demand for industries to move various kind of goods, including consumer products, heavy machinery, industrial equipment, and agricultural produce.

Semi-Trailers Sector Volume Growth, By Region, 2023-2033 (000 Units)

Source: AMR Analysis

Semi Trailer Country Sector Sales

U.S., Canada, and Germany lead the semi-trailer sector, projected to grow at 3.7%, 4.6%, and 5.2%, respectively, while India (6.8% CAGR) and LAMEA (5.2% CAGR) emerge as high-growth regions driven by growing demand from the logistics industry.

The report identifies the U.S., Canada, and Germany as the largest contributors to the semi-trailer sector volume share in terms of sales. In the U.S., rapid expansion of e-commerce and a growing need for efficient logistics. Companies are increasing their fleet sizes to handle rising freight volumes. Moreover, advancements in electric and autonomous trucking are requiring upgrades to modern trailers, further driving the sector volume growth. Canada is anticipated to grow at 4.6%, owing to by rising cross-border trade with the U.S. and significant infrastructure development throughout the country. Additionally, the harsh winter conditions in Canada also create more demand for specialized trailers for safe and efficient transport of goods. Germany is expected to grow at 5.2%, owing to, growing transition towards sustainable and electric trucking solutions, along with an increase in government investments in green logistics, which further accelerates the sector volume forecast.

Emerging regions such as India and Latin America are expected to drive significant growth due to an increase in trade activity,and fleet modernization programs are driving the demand for semi-trailers. The Latin America sector is anticipated to grow at 5.0%, owing to expanding trade activity, and infrastructure development programs are driving the demand for semi-trailers.

Semi Trailer Sector Volume Share By Country, 2023-2033 (000 Units)

Source: AMR Analysis

Key Highlights by Stakeholders

Highlighting the significance of this report, Ashwani Ajwani, Vice-President of Allied Market Research, stated, “The expansion of e-commerce distribution networks, growing use of multiple transportation modes, and technological advancements drive the sector demand.” He further added, “In Asia-Pacific, large-scale infrastructure projects, particularly in countries like China, India, Japan, and South Korea, are driving up the demand for semi-trailers. Moreover, Asia-Pacific countries such as China, Japan, and India are some of the largest manufacturing hub, is witnessing higher demand for specialized trailers to support industries like automotive, electronics, and renewable energy.  

Semi Trailer Sector Volume Trends

The report also highlights the growing role of surge in investment in green technologies and sustainable practices and the introduction of smart trailers with the integration of IoT and telematics. As environmental concerns grow and regulations become stricter, there is rise in demand for eco-friendly transportation solutions. Manufacturers and fleet operators can capitalize on this trend by developing and adopting trailers that reduce carbon footprints and promote sustainability.

In addition, IoT and telematics-equipped smart trailers present a promising opportunity in the semi-trailer sector. These advanced systems enable real-time monitoring, data analytics, and predictive maintenance, revolutionizing fleet management and operational efficiency.

Furthermore, the study discusses the potential impact of high initial costs of semi-trailers, and strict regulations of emissions and safety regulations. Government bodies impose rigorous standards on vehicle emissions and safety, mandating compliance with environmental norms and safety protocols. These regulations necessitate continuous investments in technology upgrades, which incur high costs on the overall semi-trailer development.

Semi-trailer manufacturers and stakeholders should use the report’s insights to grab new opportunities and plans.

About Allied Market Research

Allied Market Research is a full-service market research and business consulting firm, which provides actionable insights and strategic recommendations to help clients make informed decisions and achieve sustainable growth. For more inquiries, please visit alliedmarketresearch.com