US Semi-Trailer Market Size Likely to Expand at a CAGR of 4.7% By 2034

As per the current market research conducted by the CMI Team, the US Semi-Trailer Market size is expected to record a CAGR of 4.7% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 11.38 Billion. By 2033, the valuation is anticipated to reach USD 18 Billion.

US Semi-Trailer Market: Growth Factors and Dynamics

• Increasing Freight Demand: The recent explosion in e-business activities and the growth in globalization have caused an upsurge in freight activities. Since the population is becoming accustomed to rapid delivery services, logistics and transportation companies need to increase the scale of operations by adding more fleets, which pushes the uptake of semi-trailers. This is also because of the pressure in the market, which requires the logistics to be able to provide solutions for all types of cargo and within very short periods.

• Infrastructure Investment: The investments geared toward developing our infrastructure, like buildings, bridges, or freight corridor networks in the country, can be said to reinstate the capacity and operation of transportation. Better structures endorse behemoth, advanced semi-trailers enabling seamless feat of goods across the nation. Increased government expenditure on infrastructure, improved transport system movement, and reduced journey times are expected to boost the semi-trailer industry.

• Technological Advancements: Market developments are propelled by developments in semi-trailer compositions, telematics, and other automation devices. Producers have started using light-weight materials to increase the efficiency of fuel utilization and the capacity for carrying cargo, in addition to clever systems for monitoring and repairs. These innovations improve management and secure operations, thus increasing the interest of transportation companies in the new semi-trailers.

• Growing Demand for Specialized Trailers: The growing requirement for advanced semi-trailers for special purposes is on the rise, especially in the case of semi-trailers for sensitive goods, extra-large cargo, or semi-trailers for chemicals. Specific industries like healthcare, oil and gas, construction, and many others need such varieties of trailers for given regulations and operational aspects. This enhances growth as manufacturers design and sell specialized trailers for different industry positions.

• Focus on Sustainability: With this, the transport industry has also begun to appreciate sustainable development, which has seen a rise in the use of eco-friendly semi-trailers. Businesses strive to reduce car emissions and improve fuel efficiency using lighter materials, streamlined shapes, and engine fuel alternatives. However, a conscious effort is being made to address the issue of ‘greening’ the economy not simply to sustain compliance but to meet the growing demands from the customers of logistics services for green supply systems.

• Regulatory Compliance: Several rules and regulations concerning the emission vehicles, the safety of the trailers, and the security of the goods to be transported are affecting the semi-trailer industry. These requirements make manufacturers come on board and produce semi-trailers that meet the set dot rules and regulations, hence more expenditure on modern technology. Under pressure to comply with laws, logistics companies are more inclined to purchase extensive fleets of new semi-trailers equipped with contemporary capabilities and standards.

• E-Commerce Growth: Undoubtedly, the expansion of e-commerce has been the most significant factor that has changed the dynamics of logistics and supply chain management, thereby driving a high appetite for semi-trailers for last-mile delivery and storage purposes. With many retailers engaging in online selling, efficient transport systems have become more focused. However, This scenario is causing most logistics companies to grow their fleet sizes, and more units of semi-trailers that can accommodate various delivery and carriage beats are in demand.

US Semi-Trailer Market: Partnership and Acquisitions

• In 2024, Schmitz Cargobull partnered with Trimble to promote data-centric freight forwarding. The manufacturer of trailers, Schmitz Cargobull, has joined forces with technology corporation Trimble to assist freight transport service providers in effectively utilizing real-time data.

• In 2024, Great Dane Trailer, a subsidiary of Great Dane LLC trailer manufacturer, announced enhancements to its FleetPulse bright trailer technology and the electrification kit from SAF-HOLLAND for its trailers. The FleetPulse system now provides alerts for ABS fault codes as well as the mileage on hub rotation,s which helps fleets to enhance safety and operational performance.

Report Scope

US Semi-Trailer Market: COVID-19 Analysis

The semi-trailer market in the USA was, of course, affected by the COVID-19 crisis, but not so much as by sick rates, supply chains, and factories. Because of Lockdowns and restrictions, factories had to cease operations or operate with reduced staff levels, which led to the lower production capacity of semi-trailers’ manufacturing and the prolonged lead time of their crucial parts.

Therefore, many logistics and transportation companies had trouble with new trailers under agencies during the increasing demand for trailer usage in hauls lightways in e-commerce transport during that timeframe. New freight equipment was also not acquired by some firms because of the increase in demand for freight transport services connected with changes in consumer habits and market transitions.

In addition, companies that are usually very active in replenishing their fleets were forced to hold off on this activity because of the decrease in freight demand observed during the economic downturn. The overall inability to trade or move goods around in a secondary fashion, focused on transportation logistics, further worsened the situation, showing the weak links in the production and distribution systems and causing the declining resolve in the markets at the height of the pandemic.

List of the prominent players in the US Semi-Trailer Market:

• Crossroad Trailers Sales and Service Inc.
• Diamond T Truck & Trailer Inc.
• Great Western Leasing and Sales
• Larry’s Trailer Sales & Service LLC
• Northwest Truck & Trailer
• Royal Truck & Trailer Sales and Service Inc.
• Semi-Truck and Trailer Sales
• Star Trailer Sales Inc.
• Superior Trailer Sales
• Young truck and trailer
• Others

The US Semi-Trailer Market is segmented as follows:

By Type

• Tankers
• Refrigerated
• Dry Vans
• Lowboy
• Flatbed

By Tonnage

• >100 Tons
• 51-100 Tons
• 25-50 Tons
• <25 Tons

By End-Use

• Oil and Gas
• Chemical
• Healthcare
• Logistics
• Automotive
• FMCG
• Heavy Industry