Semi-Trailer Market Strategic Growth, Innovation and Investment Trends

Semi-Trailer Market Size, Segmentation, and Projections

The semi-trailer market is projected to reach USD 59.30 billion by 2034, growing from USD 38.47 billion in 2025, at a CAGR of 5.15% during the forecast period from 2025 to 2034.

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Introduction

The semi-trailer market is a prominent branch of the truck industry. This industry deals in manufacturing and distribution of a wide range of semi-trailers in different parts of the world. There are several types of trailers developed in this sector consisting of tankers, flatbed, dry van, lowboy, refrigerator and some others. These trailers are available in various lengths in the market comprising of above 45 feet and below 45 feet. The semi-trailers are designed to carry loads ranging from 50 tons to more than 100 tons. The growing adoption of semi-trailers in the chemical industry and logistics sector is contributing to the market growth. This market is expected to grow significantly with the rise of the automotive industry across the globe.

• According to the India Brand Equity Foundation, the Indian logistics industry was valued at US$ 9 trillion in 2023 that is expected to reach US$ 13.4 trillion in 2028. (Source: India Brand Equity Foundation)

Highlights of the Semi-Trailer Market

• North America held the highest share of the semi-trailer market.
• Asia Pacific is expected to grow with the highest CAGR during the forecast period.
• By trailer type, the dry van segment dominated this industry.
• By trailer type, the tankers segment is predicted to rise with a significant CAGR during the forecast period.
• By tonnage, the 25 T- 50 T segment led the industry.
• By axles, the 3-4 axles segment held a significant share of the market.
• By length, the 45 feet segment held the largest share of the industry.

Key Metrics and Overview

What are the Trends of Semi-Trailer Market in 2025?

The major trends in this industry consists of integration of advanced technologies, growing adoption of lowboy trailers in mining sector and developments in logistics sector.

Integration of Advanced Technologies

Nowadays, the market players have started integrating advanced technologies such as AI and IoT in semi-trailers to enhance safety and productivity.

Growing Adoption of Lowboy Trailers in Mining Sector

The application of lowboy trailer has rapidly increased in the mining industry due to its ability for transporting heavy equipment in mines.

Developments in Logistics Sector

The logistics industry has experienced drastic growth due to numerous government initiatives aimed at enhancing green logistics coupled with rapid expansion of e-commerce sector. With the developments in the logistics sector, the demand for different types of semi-trailers has increased rapidly for transporting goods from one place to another.

Trailer Type Insights

The dry van segment dominated this industry. The growing use of dry vans for shipping large products such as automotive, heavy equipment, and some others has boosted the market growth. Additionally, the rising demand for these semi-trailers in several sectors including textiles, food and beverages, electronics and some others is playing a vital role in shaping the industrial landscape. Moreover, the increasing use of steel for manufacturing pup dry van trailers along with numerous business expansions is anticipated to propel the growth of the semi-trailer market.

• In August 2023, Wabash opened a new manufacturing facility in Lafayette, Indiana. This plant is inaugurated to increase the production of dry van trailers. (Source: GlobeNewswire)

The tankers segment is predicted to rise with a significant CAGR during the forecast period. The growing adoption of oil tankers in oil and gas industry for transporting gasoline and diesel has boosted the market growth. Additionally, the rising use of chemical tankers for transporting several chemicals including naphthalene, methanol, toluene, alcohol and some others is crucial for the industrial expansion. Moreover, numerous advantages of tankers such as efficiency, versatility, improved handling, and some others is projected to boost the growth of the semi-trailer market.

• In May 2024, Santi s.r.l. launched MY 24. MY 24 is a tanker semi-trailer designed for transporting different types of liquids. (Source: Santi)

Tonnage Insights

The 25 T- 50 T segment led the industry. The growing demand for 25 T- 50 T semi-trailers from chemical sector for operating light-duty applications has boosted the market growth. Additionally, rapid adoption of these semi-trailers in e-commerce industry for transporting goods is crucial for the industrial expansion. Moreover, rapid investment by market players for developing 25 T- 50 T light-weight semi-trailers is projected to foster the growth of the semi-trailer market.

Axles Insights

The 3-4 axles segment held a significant share of the market. The growing demand for 3-4 axles semi-trailers in logistics sector for transporting bulk goods has driven the market expansion. Additionally, the rapid application of these trailers in several industries such as oil and gas, chemical, energy, and some others is further contributing to the overall industrial growth. Moreover, numerous advantages of these semi-trailers including enhance stability, improved weight distribution, high load capacity, hauling flexibility, cost-effectiveness and some others is accelerating the growth of the semi-trailer market.

Length Insights

The 45 feet segment held the largest share of the industry. The growing use of 45 feet gooseneck semi-trailer for transporting large equipment and heavy machineries has boosted the market growth. Also, the rising application of 45 feet flatbed semi-trailers for transporting construction materials and chemicals is playing a vital role in shaping the industrial landscape. Moreover, the increasing demand for 2 Axles 45 feet terminal trailers from ports to handle bulk goods is likely to foster the growth of the semi-trailer market.

Geographical Insights

North America held the highest share of the semi-trailer market. The rapid developments in the mining sector along with growing investment in green technologies has boosted the market growth. Additionally, numerous government initiatives aimed at developing the food and beverage industry is playing a vital role in shaping the industrial landscape. Moreover, the presence of various market players such as Wabash National Corporation, Utility Trailer Manufacturing Company, Stoughton Trailers, LLC and some others is expected to drive the growth of the semi-trailer market.

• In December 2024, Wabash launched DuraPlate Dry Van in the U.S.DuraPlate Dry Van is equipped with several features such as TrustLock Plus System, Upper ID/AUX stop light system, LED light system and some others. (Source: Wabash National Corporation.)

U.S. dominated this region. The growing development in the e-commerce sector due to the presence of several brands such as Walmart, Amazon, Ebay and some others has boosted the market growth. Additionally, the rapid development in the chemical industry coupled with rising investment by government for strengthening the automotive industry.

Asia Pacific is expected to grow with the highest CAGR during the forecast period. The growing demand for refrigerated semi-trailer from pharmaceutical industry for transporting temperature-sensitive medicines has driven the market growth. Additionally, the rising sales of chemical tankers and gasoline tankers in China along with the increasing use of dry vans in logistics sector is crucial for the industrial expansion. Moreover, the presence of several semi-trailer manufacturers such as CIMC (China International Marine Containers), Hyundai Translead, QINGDAO CIMC Special Vehicles Co., Ltd and some others is projected to drive the growth of the semi-trailer market.

• In May 2025, Hyundai launched a hydrogen-powered semi-trailer. This trailer delivers a driving range of around 724kms. (Source: GoAutoMedia)

China and India are the significant contributors in this region. In India, the market is generally driven by the rapid expansion of online shopping along with rising investment by government for developing the road infrastructure. In China, the rapid development in the mining sector coupled with increased adoption of smart solutions in logistics sector has contributed to the market expansion.

Industry Leader Announcement

• In March 2025, Drew Schwartzhoff, the CCO at Wabash made an announcement stating that, “We’re focused on helping customers get more from their equipment investments and manage their fleets with greater flexibility, we’re not just offering products; we’re bringing new ways for our customers to succeed. Our latest solutions demonstrate how Wabash continues to show up in customers’ business in impactful ways—providing flexible, future-ready solutions that strengthen operations and drive measurable results. We strive to help our customers succeed by being not only a reliable supplier, but a trusted thought partner and problem solver.”

Competitive Landscape

The semi-trailer market is a rapidly developing industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Utility Trailer Manufacturing Company (the U.S.), Wabash National Corporation (US), PACCAR Inc. (U.S.), China International Marine Containers (Group) Co. Ltd. (China), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co.KG (Germany), Great Dane Trailers (US), American Trailer & Storage (U.S.) and some others. These companies are constantly engaged in manufacturing semi-trailers and adopting numerous strategies such as collaborations, launches, partnerships, joint ventures, business expansions, acquisitions, and some others to maintain their dominance in this industry.

• In November 2024, Schmitz Cargobull launched S.KOe Cool. S.KOe Cool is an electric refrigerated trailer designed for the consumers of Germany. (Source: Commercial Motor)

Recent Developments

• In April 2025, Disfrimur launched a new refrigerated semi-trailer in Spain. This trailer is 32-meters in length and carry loads up to 70-tons. (Source: Soriberica)
• In April 2023, Randon Companies launched a new semi-trailer. This trailer is integrated with an electric auxiliary traction system.(Source: Randoncorp)
• In February 2023, Olivo Implementos Rodoviários launched a new semi-trailer. The new semi-trailer is equipped with two cargo tipper boxes made of high strength steel. (Source: Truck & Bus Builder)

Semi-Trailer Market Segments

By Type

• Tankers
• Flatbed
• Dry van
• Lowboy
• Refrigerator

By Length

• Above 45 feet
• Below 45 feet

By Tonnage

• 25 t to 50 T
• 51 T to 100 T
• Above 100 T

By Axles

• Below 3 axles
• 3 to 4 axles
• 4 axles

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• The Middle East and Africa