North America Semi-Trailer Market Developments and Forecast by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027North 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)
- Report Date : Feb 2021
- Report Code : TIPRE00019163
- Category : Automotive and Transportation
- Status : Published
- Available Report Formats :
- No. of Pages : 124
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)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
North America Semi-Trailer Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 10,637.1 Million |
| Market Size by 2027 | US$ 13,638.4 Million |
| Global CAGR (2020 - 2027) | 4.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Recent Reports
Testimonials
I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
YUKIHIKO ADACHI CEO, Deep Blue, LLC.
We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.
PIYUSH NAGPAL Sr. Vice President, High Beam Global
I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.
Jean-Herve Jenn Chairman, Future Analytica
This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.
John Suzuki President and Chief Executive Officer, Board Director, BK TechnologiesReason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Identifying Emerging Markets
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Boosting Operational Efficiency
- Strategic Planning
- Investment Justification
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.
The List of Companies - North America Semi-Trailer Market
- 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
Get Free Sample For