Table of Content

1 INTRODUCTION 21
1.1 OBJECTIVES 21
1.2 PRODUCT DEFINITION 21
1.2.1 INCLUSIONS & EXCLUSIONS 22
TABLE 1 INCLUSIONS & EXCLUSIONS: SEMI-TRAILER MARKET 22
1.3 MARKET SCOPE 23
FIGURE 1 SEMI-TRAILER MARKET: MARKET SEGMENTATION 23
1.3.1 YEARS CONSIDERED FOR THE STUDY 23
1.4 LIMITATIONS 24
1.5 STAKEHOLDERS 24
1.6 SUMMARY OF CHANGES 24

2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
FIGURE 2 SEMI-TRAILER MARKET: RESEARCH DESIGN 25
FIGURE 3 RESEARCH DESIGN MODEL 26
2.1.1 SECONDARY DATA 26
2.1.1.1 List of key secondary sources 27
2.1.1.2 Key data from secondary sources 28
2.1.2 PRIMARY DATA 28
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 29
2.1.3 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 29
2.1.3.1 List of primary participants 30
2.2 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE 30
2.2.1 DEMAND-SIDE ANALYSIS 30
2.2.1.1 Growing logistics industry 30
2.2.1.2 Infrastructure: Road Network 31
2.2.2 SUPPLY-SIDE ANALYSIS 31
2.2.2.1 Technological advancements 31
2.3 MARKET ESTIMATION METHODOLOGY 32
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 32
2.3.1 BOTTOM-UP APPROACH 33
FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 33
2.3.2 TOP-DOWN APPROACH 33
FIGURE 7 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 34
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 8 DATA TRIANGULATION 34
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2.5 FACTOR ANALYSIS 35
2.6 MARKET SCOPE & ASSUMPTIONS 35
2.7 RESEARCH LIMITATIONS 36

3 EXECUTIVE SUMMARY 37
3.1 INTRODUCTION 37
FIGURE 9 SEMI-TRAILER MARKET: MARKET DYNAMICS 38
FIGURE 10 SEMI-TRAILER MARKET, BY REGION, 2020–2025 38
FIGURE 11 SEMI-TRAILER MARKET, BY END-USE, 2020 VS. 2025 39
3.1.1 COVID-19 IMPACT ON SEMI-TRAILER MARKET, 2018–2025 39

4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES IN THE SEMI-TRAILER MARKET 41
FIGURE 12 GROWING SUPPLY CHAIN AND LOGISTICS NETWORK TO DRIVE THE MARKET 41
4.2 SEMI-TRAILER MARKET, BY REGION 42
FIGURE 13 NORTH AMERICA PROJECTED TO BE THE LARGEST MARKET, BY VALUE 42
4.3 SEMI-TRAILER MARKET, BY END-USE 42
FIGURE 14 LOGISTICS SEGMENT TO BE THE LARGEST, 2020 VS. 2025 (USD MILLION) 42
4.4 SEMI-TRAILER MARKET, BY TYPE 43
FIGURE 15 DRY VAN SEGMENT EXPECTED TO BE THE LARGEST,
2020 VS. 2025 (USD MILLION) 43
4.5 SEMI-TRAILER MARKET, BY LENGTH 43
FIGURE 16 ABOVE 45 FEET SEGMENT PROJECTED TO BE THE LARGEST,
2020 VS. 2025 (USD MILLION) 43
4.6 SEMI-TRAILER MARKET, BY NUMBER OF AXLES 44
FIGURE 17 LESS THAN 3 AXLES SEGMENT PROJECTED TO BE THE LARGEST,
2020 VS. 2025 (USD MILLION) 44
4.7 SEMI-TRAILER MARKET, BY TONNAGE 44
FIGURE 18 BELOW 25 T SEGMENT PROJECTED TO BE THE LARGEST,
2020 VS. 2025 (USD MILLION) 44

5 MARKET OVERVIEW 45
5.1 INTRODUCTION 45
5.2 MARKET DYNAMICS 46
FIGURE 19 SEMI-TRAILER: MARKET DYNAMICS 46
5.2.1 DRIVERS 46
5.2.1.1 Expanding cold chain industry 46
5.2.1.2 Growth of end-use industries 47
5.2.2 RESTRAINTS 48
5.2.2.1 Local players in unorganized sector 48
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5.2.3 OPPORTUNITIES 48
5.2.3.1 Semi-trailer platooning 48
5.2.3.2 Increasing use of advanced technologies 48
5.2.3.3 Electric semi-trailers 49
5.2.4 CHALLENGES 49
5.2.4.1 Lowering TCO and maintenance cost 49
5.2.4.2 Lightweight semi-trailers 50
5.2.5 IMPACT OF MARKET DYNAMICS 50
FIGURE 20 SEMI-TRAILER MARKET: IMPACT OF MARKET DYNAMICS 50
5.3 MACRO INDICATOR ANALYSIS 51
5.3.1 INTRODUCTION 51
5.4 PORTER’S FIVE FORCES ANALYSIS 51
5.4.1 SEMI-TRAILER MARKET 51
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: SEMI-TRAILER MARKET 51
FIGURE 22 INTENSITY OF COMPETITIVE RIVALRY IN THE SEMI-TRAILER MARKET IS CONSIDERED MEDIUM 52
TABLE 2 PORTER’S FIVE FORCES ANALYSIS 52
5.4.1.1 Competitive rivalry 53
FIGURE 23 LARGE NUMBER OF PLAYERS IN THE MARKET LEADS TO A MEDIUM DEGREE OF COMPETITION IN THE SEMI-TRAILER MARKET 53
5.4.1.2 Threat of new entrants 53
FIGURE 24 DESIGN-SPECIFIC REQUIREMENT ALONG WITH REGULATORY NORMS MAKES NEW ENTRY FAIRLY DIFFICULT 53
5.4.1.3 Threat of substitutes 54
FIGURE 25 LACK OF SUBSTITUTES FOR SEMI-TRAILER MAKES THREAT OF SUBSTITUTES LOW 54
5.4.1.4 Bargaining power of suppliers 55
FIGURE 26 LARGE NUMBER OF SUPPLIERS MAKES THE BARGAINING POWER OF SUPPLIERS MEDIUM 55
5.4.1.5 Bargaining power of buyers 55
FIGURE 27 SPECIFIC BUYER REQUIREMENT AND LARGE NUMBER OF SUPPLIERS MAKES THE BARGAINING POWER OF BUYERS MEDIUM 55
5.5 SEMI-TRAILER MARKET ECOSYSTEM 56
FIGURE 28 SEMI-TRAILER MARKET: ECOSYSTEM ANALYSIS 56
5.6 SUPPLY CHAIN ANALYSIS 56
FIGURE 29 SUPPLY CHAIN ANALYSIS: SEMI-TRAILER MARKET 56
5.6.1 RAW MATERIAL SUPPLIER 57
5.6.2 COMPONENT SUPPLIERS 57
5.6.3 SEMI-TRAILER SUPPLIERS 57
5.6.4 END USERS 57
5.7 TRENDS IMPACTING CUSTOMER’S BUSINESS 58
FIGURE 30 TRENDS IMPACTING CUSTOMER’S BUSINESS IN SEMI-TRAILER MARKET 58
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5.8 REGULATORY LANDSCAPE 58
FIGURE 31 SEMI-TRAILER FUEL SAVING TECHNOLOGIES 58
TABLE 3 POLICIES PROMOTING SEMI-TRAILER FUEL SAVING TECHNOLOGIES 59
5.8.1 STANDARD TRAILER LENGTHS IN NORTH AMERICA AND EUROPE 59
FIGURE 32 GLOBAL EMISSION LEGISLATION 60
5.9 PATENT ANALYSIS 60
TABLE 4 PATENT ANALYSIS: SEMI-TRAILER MARKET 60
5.10 CASE STUDY ANALYSIS 61
TABLE 5 CASE STUDY ANALYSIS: AUTOMOTIVE SEMI-TRAILER MARKET 61
5.11 TECHNOLOGY ANALYSIS 62
TABLE 6 TECHNOLOGY ANALYSIS: SEMI-TRAILER MARKET 62
5.12 AVERAGE SELLING PRICE TREND 63
TABLE 7 NORTH AMERICA: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD) 63
TABLE 8 ASIA PACIFIC: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD) 63
TABLE 9 EUROPE: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD) 63
TABLE 10 ROW: SEMI-TRAILER, PRICE RANGE ANALYSIS, 2019 (USD) 64
5.13 SEMI-TRAILER MARKET, SCENARIOS (2020–2025) 64
FIGURE 33 FUTURE TRENDS & SCENARIO: SEMI-TRAILER MARKET, 2020–2025 (THOUSAND UNITS) 64
5.13.1 MOST LIKELY SCENARIO 65
TABLE 11 SEMI-TRAILER MARKET (MOST LIKELY), BY REGION, 2018-2025 (?000 UNITS) 65
5.13.2 OPTIMISTIC SCENARIO 65
TABLE 12 SEMI-TRAILER MARKET (OPTIMISTIC), BY REGION, 2018–2025 (?000 UNITS) 65
5.13.3 PESSIMISTIC SCENARIO 66
TABLE 13 SEMI-TRAILER MARKET (PESSIMISTIC), BY REGION, 2018–2025 (?000 UNITS) 66

6 SEMI-TRAILER MARKET, BY TYPE 67
6.1 INTRODUCTION 68
6.1.1 ASSUMPTIONS FOR MARKET FORECASTING 68
6.1.2 RESEARCH METHODOLOGY FOR SEMI-TRAILER TYPE 68
6.1.3 OPINIONS FROM INDUSTRY EXPERTS 69
6.1.4 OPERATIONAL DATA 69
TABLE 14 TELEMATICS DATA AND POTENTIAL USE CASES 69
FIGURE 34 SEMI-TRAILER MARKET, BY TYPE, 2020 VS. 2025 70
TABLE 15 SEMI-TRAILER MARKET SIZE, BY TYPE, 2016–2019 (?000 UNITS) 70
TABLE 16 SEMI-TRAILER MARKET SIZE, BY TYPE, 2020–2025 (?000 UNITS) 71
TABLE 17 SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 71
TABLE 18 SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 71
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6.2 FLATBED 72
TABLE 19 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 72
TABLE 20 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 72
TABLE 21 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 73
TABLE 22 FLATBED: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 73
6.3 LOWBOY 73
TABLE 23 LOWBOY: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 74
TABLE 24 LOWBOY: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 74
TABLE 25 LOWBOY: SEMI-TRAILER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 74
TABLE 26 LOWBOY: SEMI-TRAILER MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 75
6.4 DRY VAN 75
TABLE 27 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 75
TABLE 28 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 76
TABLE 29 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 76
TABLE 30 DRY VAN: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 76
6.5 REFRIGERATED 77
TABLE 31 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 77
TABLE 32 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 78
TABLE 33 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 78
TABLE 34 REFRIGERATED: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 78
6.6 TANKER 79
TABLE 35 TANKER: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 79
TABLE 36 TANKER: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 79
TABLE 37 TANKER: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 80
TABLE 38 TANKER: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 80
6.7 OTHERS 80
TABLE 39 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 81
TABLE 40 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 81
TABLE 41 OTHERS: SEMI-TRAILER MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 81
TABLE 42 OTHERS: SEMI-TRAILER MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 82
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7 SEMI-TRAILER MARKET, BY LENGTH 83
7.1 INTRODUCTION 84
7.1.1 ASSUMPTIONS FOR MARKET FORECASTING 84
7.1.2 RESEARCH METHODOLOGY FOR LENGTH SEGMENT 84
7.1.3 OPINIONS FROM INDUSTRY EXPERTS 84
FIGURE 35 SEMI-TRAILER MARKET, BY LENGTH, 2020 VS. 2025 (USD MILLION) 85
TABLE 43 SEMI-TRAILER MARKET, BY LENGTH, 2016–2019 (?000 UNITS) 85
TABLE 44 SEMI-TRAILER MARKET, BY LENGTH, 2020–2025 (?000 UNITS) 85
TABLE 45 SEMI-TRAILER MARKET SIZE, BY LENGTH, 2016–2019 (USD MILLION) 86
TABLE 46 SEMI-TRAILER MARKET SIZE, BY LENGTH, 2020–2025 (USD MILLION) 86
7.2 UP TO 45 FEET 86
TABLE 47 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 86
TABLE 48 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 87
TABLE 49 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 87
TABLE 50 UP TO 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 87
7.3 ABOVE 45 FEET 88
TABLE 51 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 88
TABLE 52 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 88
TABLE 53 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 88
TABLE 54 ABOVE 45 FEET: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 89

8 SEMI-TRAILER MARKET, BY TONNAGE 90
8.1 INTRODUCTION 91
8.1.1 ASSUMPTIONS FOR MARKET FORECASTING 91
8.1.2 RESEARCH METHODOLOGY FOR TONNAGE TYPE SEGMENT 91
8.1.3 OPINIONS FROM INDUSTRY EXPERTS 92
FIGURE 36 SEMI-TRAILER MARKET, BY TONNAGE, 2020 VS. 2025 (USD MILLION) 92
TABLE 55 SEMI-TRAILER MARKET, BY TONNAGE, 2016–2019 (?000 UNITS) 92
TABLE 56 SEMI-TRAILER MARKET, BY TONNAGE, 2020–2025 (?000 UNITS) 93
TABLE 57 SEMI-TRAILER MARKET, BY TONNAGE, 2016–2019 (USD MILLION) 93
TABLE 58 SEMI-TRAILER MARKET, BY TONNAGE, 2020–2025 (USD MILLION) 93
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8.2 BELOW 25 TON 94
TABLE 59 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 94
TABLE 60 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 94
TABLE 61 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 95
TABLE 62 BELOW 25 TON: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 95
8.3 25–50 TON 96
TABLE 63 25–50 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 96
TABLE 64 25–50 TON: SEMI-TRAILER MARKET SIZE, BY REGION,
2020–2025 (?000 UNITS) 96
TABLE 65 25–50 TON: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 97
TABLE 66 25–50 TON: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 97
8.4 51–100 TON 97
TABLE 67 51–100 TON: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 98
TABLE 68 51–100 TON: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 98
TABLE 69 51–100 TON: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 98
TABLE 70 51–100 TON: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 99
8.5 ABOVE 100 TON 99
TABLE 71 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 99
TABLE 72 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 100
TABLE 73 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 100
TABLE 74 ABOVE 100 TON: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 100

9 SEMI-TRAILER MARKET, BY NUMBER OF AXLES 101
9.1 INTRODUCTION 102
9.1.1 ASSUMPTIONS FOR MARKET FORECASTING 102
9.1.2 RESEARCH METHODOLOGY FOR NUMBER OF AXLES SEGMENT 102
9.1.3 OPINIONS FROM INDUSTRY EXPERTS 103
FIGURE 37 SEMI-TRAILER MARKET, BY NUMBER OF AXLES,
2020 VS. 2025 (USD MILLION) 103
TABLE 75 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2016–2019 (?000 UNITS) 103
TABLE 76 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2020–2025 (?000 UNITS) 104
TABLE 77 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2016–2019 (USD MILLION) 104
TABLE 78 SEMI-TRAILER MARKET, BY NUMBER OF AXLES, 2020–2025 (USD MILLION) 104
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9.2 <3 AXLES 105
TABLE 79 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 105
TABLE 80 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 105
TABLE 81 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 105
TABLE 82 LESS THAN 3 AXLES: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 106
9.3 3–4 AXLES 106
TABLE 83 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 106
TABLE 84 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 107
TABLE 85 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 107
TABLE 86 3-4 AXLES: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 107
9.4 >4 AXLES 108
TABLE 87 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 108
TABLE 88 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 108
TABLE 89 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 108
TABLE 90 MORE THAN 4 AXLES: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 109

10 SEMI-TRAILER MARKET, BY END-USE 110
10.1 INTRODUCTION 111
10.1.1 ASSUMPTIONS FOR MARKET FORECASTING 111
10.1.2 RESEARCH METHODOLOGY FOR END-USE SEGMENT 112
10.1.3 OPINIONS FROM INDUSTRY EXPERTS 112
TABLE 91 WEIGHT AND VALUE OF FREIGHT SHIPMENTS BY DOMESTIC MODE IN
2017 IN THE US 112
FIGURE 38 USE CASES AND NEW LOGISTICS BUSINESS MODELS 114
FIGURE 39 SEMI-TRAILER MARKET, BY END-USE, 2020 VS. 2025 (USD MILLION) 115
TABLE 92 SEMI-TRAILER MARKET, BY END-USE, 2016–2019 (?000 UNITS) 115
TABLE 93 SEMI-TRAILER MARKET, BY END-USE, 2020–2025 (?000 UNITS) 116
TABLE 94 SEMI-TRAILER MARKET, BY END-USE, 2016–2019 (USD MILLION) 116
TABLE 95 SEMI-TRAILER MARKET, BY END-USE, 2020–2025 (USD MILLION) 117
10.2 AUTOMOTIVE 117
TABLE 96 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 118
TABLE 97 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 118
TABLE 98 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 119
TABLE 99 AUTOMOTIVE: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 119
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10.3 CHEMICAL 120
TABLE 100 VARIOUS OF TANK TRAILERS FOR BULK LIQUID & CHEMICAL TRANSPORTATION 120
FIGURE 40 SALES OF CHEMICALS, BY REGION, 2018 (USD BILLION) 121
TABLE 101 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 121
TABLE 102 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 121
TABLE 103 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 122
TABLE 104 CHEMICAL: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 122
10.4 FMCG 122
FIGURE 41 VALUE CHAIN OF FMCG SECTOR 123
TABLE 105 FMCG: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 124
TABLE 106 FMCG: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 124
TABLE 107 FMCG: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 124
TABLE 108 FMCG: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 125
10.5 HEALTHCARE 125
TABLE 109 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 126
TABLE 110 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 126
TABLE 111 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 126
TABLE 112 HEALTHCARE: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 127
10.6 HEAVY INDUSTRY 127
TABLE 113 TOP 10 COMPANIES IN MINING INDUSTRY 127
FIGURE 42 GOLD PRODUCTION IN 2019, BY COUNTRY (TONNES) 128
FIGURE 43 MINING PRODUCTION IN 2018, BY COUNTRY (MILLION METRIC TONNES) 128
FIGURE 44 CONSTRUCTION/MINING EQUIPMENT PRODUCTION (?000 UNITS) 129
TABLE 114 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (?000 UNITS) 129
TABLE 115 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (?000 UNITS) 129
TABLE 116 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION,
2016–2019 (USD MILLION) 130
TABLE 117 HEAVY INDUSTRIES: SEMI-TRAILER MARKET, BY REGION,
2020–2025 (USD MILLION) 130
10.7 LOGISTICS 131
TABLE 118 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 131
TABLE 119 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 131
TABLE 120 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 132
TABLE 121 LOGISTICS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 132
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10.8 OIL & GAS 132
FIGURE 45 OIL CONSUMPTION, BY REGION, 2019 (TWH) 133
TABLE 122 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 133
TABLE 123 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 134
TABLE 124 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 134
TABLE 125 OIL & GAS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 134
10.9 OTHERS 135
FIGURE 46 PULP PRODUCTION, 2018 VS. 2019 (’000 TONNES) 135
TABLE 126 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 135
TABLE 127 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 136
TABLE 128 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 136
TABLE 129 OTHERS: SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 136

11 SEMI-TRAILER MARKET, BY REGION 137
11.1 INTRODUCTION 138
11.1.1 ASSUMPTIONS FOR MARKET FORECASTING 138
11.1.2 RESEARCH METHODOLOGY FOR SEMI-TRAILER, BY REGION 138
11.1.3 OPINIONS FROM INDUSTRY EXPERTS 139
FIGURE 47 SEMI-TRAILER MARKET, BY REGION, 2020 VS. 2025 (USD MILLION) 139
TABLE 130 SEMI-TRAILER MARKET, BY REGION, 2016–2019 (?000 UNITS) 139
TABLE 131 SEMI-TRAILER MARKET, BY REGION, 2020–2025 (?000 UNITS) 140
TABLE 132 SEMI-TRAILER MARKET, BY REGION, 2016–2019 (USD MILLION) 140
TABLE 133 SEMI-TRAILER MARKET, BY REGION, 2020–2025 (USD MILLION) 140
11.2 ASIA PACIFIC 141
TABLE 134 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS) 141
TABLE 135 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS) 141
TABLE 136 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 142
TABLE 137 ASIA PACIFIC: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 142
FIGURE 48 ASIA PACIFIC: SEMI-TRAILER MARKET SNAPSHOT 143
11.2.1 CHINA 143
11.2.1.1 Government infrastructure spending and improving real estate to drive the market 143
TABLE 138 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 144
TABLE 139 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 144
TABLE 140 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 145
TABLE 141 CHINA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 145
11.2.2 INDIA 145
11.2.2.1 Expanding cold chain industry to drive the market 145
TABLE 142 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 146
TABLE 143 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 146
TABLE 144 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 146
TABLE 145 INDIA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 147
11.2.3 JAPAN 147
11.2.3.1 Emphasis on adopting technologically advanced semi-trailers to drive the market 147
TABLE 146 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 147
TABLE 147 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 148
TABLE 148 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 148
TABLE 149 JAPAN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 148
11.2.4 SOUTH KOREA 149
11.2.4.1 Growth of export-based consumer electronics to drive the market 149
TABLE 150 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 149
TABLE 151 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 149
TABLE 152 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 150
TABLE 153 SOUTH KOREA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 150
11.2.5 REST OF ASIA PACIFIC 150
TABLE 154 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 151
TABLE 155 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 151
TABLE 156 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 151
TABLE 157 REST OF ASIA PACIFIC: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 152
11.3 NORTH AMERICA 152
TABLE 158 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS) 152
TABLE 159 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS) 153
TABLE 160 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 153
TABLE 161 NORTH AMERICA: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 153
FIGURE 49 NORTH AMERICA: SEMI-TRAILER MARKET SNAPSHOT 154
11.3.1 US 154
11.3.1.1 Presence of strong healthcare industry to drive the market 154
TABLE 162 US: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 155
TABLE 163 US: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 155
TABLE 164 US: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 156
TABLE 165 US: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 156
11.3.2 CANADA 156
11.3.2.1 Growing exports from US to drive the market 156
TABLE 166 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 157
TABLE 167 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 157
TABLE 168 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 158
TABLE 169 CANADA: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 158
?
11.3.3 MEXICO 159
11.3.3.1 Increasing number of US-based trailer manufacturers to drive the market 159
TABLE 170 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 159
TABLE 171 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 159
TABLE 172 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 160
TABLE 173 MEXICO: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 160
11.4 EUROPE 160
FIGURE 50 EUROPE: SEMI-TRAILER MARKET, 2020 VS. 2025 (USD MILLION) 161
TABLE 174 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS) 161
TABLE 175 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS) 162
TABLE 176 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 162
TABLE 177 EUROPE: SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 162
11.4.1 GERMANY 163
11.4.1.1 Presence of largest semi-trailer manufacturers to drive the market 163
TABLE 178 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 163
TABLE 179 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 164
TABLE 180 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 164
TABLE 181 GERMANY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 164
11.4.2 UK 165
11.4.2.1 Demand for customized semi-trailers to drive the market 165
TABLE 182 UK: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 165
TABLE 183 UK: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 166
TABLE 184 UK: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 166
TABLE 185 UK: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 166
11.4.3 FRANCE 167
11.4.3.1 Established food & beverage industry to drive the market 167
TABLE 186 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 167
TABLE 187 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 168
TABLE 188 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 168
TABLE 189 FRANCE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 168
11.4.4 SPAIN 169
11.4.4.1 Matured food processing and equipment industry to drive the market 169
TABLE 190 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 169
TABLE 191 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 169
TABLE 192 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 170
TABLE 193 SPAIN: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 170
11.4.5 POLAND 170
11.4.5.1 Growing manufacturing industry to drive the market 170
TABLE 194 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 171
TABLE 195 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 171
TABLE 196 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 171
TABLE 197 POLAND: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 172
11.4.6 ITALY 172
11.4.6.1 Established transportation and logistics industries to drive the market 172
TABLE 198 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 172
TABLE 199 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 173
TABLE 200 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 173
TABLE 201 ITALY: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 173
11.4.7 REST OF EUROPE 174
TABLE 202 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 174
TABLE 203 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (UNITS) 174
TABLE 204 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (USD MILLION) 175
TABLE 205 REST OF EUROPE: SEMI-TRAILER MARKET, BY TYPE, 2020–2025 (USD MILLION) 175
11.5 REST OF THE WORLD (ROW) 176
FIGURE 51 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, 2020 VS. 2025 (USD MILLION) 176
TABLE 206 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (UNITS) 176
TABLE 207 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (UNITS) 177
TABLE 208 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 177
TABLE 209 REST OF THE WORLD (ROW): SEMI-TRAILER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 177
11.5.1 BRAZIL 178
11.5.1.1 Promising logistics environment to drive the market 178
TABLE 210 BRAZIL: SEMI-TRAILER MARKET, BY TYPE, 2016–2019 (UNITS) 178
TABLE 211 BRAZIL: SEMI-TRAILER MARKET, BY T