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Semi-Trailer Market worth 37.34 Billion USD by 2025
2018/01/10
2018-01-09
The report "Semi-Trailer Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers), Tonnage (Below 25T, 25T-50T, 51T-100T, Above 100T), Number of Axles (<3 Axles, 3-4 Axles & >4 Axles), and Region - Global Forecast to 2025", is projected to grow at a CAGR of 4.98% during the forecast period, to reach USD 37.34 Billion by 2025 from an estimated USD 25.32 Billion in 2017. Expanding cold chain and logistics industry and increasing use of advanced technologies are the key drivers for the semi-trailer market. Increasing disposable income of consumers and the general push to fresh, healthier products, and increasing number of quick service restaurants (QSRs) are impacting the cold chain industry. A key driver for the growth of the cold chain industry in recent years has been the growth in large-format supermarket retailing. The installation of technically advanced devices such as temperature recorder with built-in GSM modem and remote temperature monitoring in the refrigerated trailers is benefiting trailer owners and managers in the real-time monitoring of the trailer.
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