The global semi-trailer industry market is anticipated to grow at a CAGR of 6% during 2021-2027. Factors attributing to the growth of the semi-trailer industry market include rising population, a substantial expansion in agriculture and manufacturing industries, rising manufacturing activities, rapid urbanization, the need for effective transportation, and widening rural area road networks. Furthermore, the increased adoption by industry verticals, emphasis by the government to improve road connectivity, and growth in the cold chain industry will further bolster the growth of the market. Nevertheless, manufacturers selling custom-built semi-trailers to satisfy client demand are expected to create considerable growth prospects in the semi-trailer industry.

The COVID-19 outbreak has had an adverse impact on the semi-trailer market. There is a halt in the production and sales of new semi-trailers resulting in losses to the manufacturers globally.

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Based on type, the flatbed trailer segment is anticipated to have a high CAGR during the forecast period 2021-2027 owing to the increased adoption in the construction industry across developed and emerging economies will drive the growth. Flatbed trailers are commonly used to transport heavy items, such as building materials and equipment. Furthermore, due to the growing cold chain business, the use of refrigerated trailers is predicted to increase. The growing number of quick-service restaurants (QSRs), the general push for healthier, fresh products, and higher disposable money are all having a favorable impact on the cold chain industry.

Asia-Pacific is anticipated to grow at a faster pace during the forecast period in the semi-trailer industry. Emerging economies like India and China, which have huge supply chains and logistical networks and are among the world's fastest-growing economies, are driving the regional market. Furthermore, the region's burgeoning e-commerce business, increasing inland transportation, increased investment in infrastructure and construction activities is expected to drive up demand for dry van trailers in the future years.

In November 2021, Schmitz Cargobull, Europe's top semi-trailer manufacturer, has unveiled the S.KO PACE SMART, a fully modular dry-freight semi-trailer with market-specific characteristics, as its first new product from its UK operation.

The prominent players in the semi-trailer industry include Wabash National Corporation, Kögel Trailer GmbH & Co.KG, Great Dane Trailers, American Trailer & Storage, PACCAR Inc, China International Marine Containers (Group) Co. Ltd., Utility Trailer Manufacturing Company, Schmitz Cargobull AG, HYUNDAI TRANSLEAD, LAMBERET SAS, Great Dane Limited Partnership, Fahrzeugwerk Bernard Krone, KRONE GMBH & CO. KG, Wilhelm Schwarzmüller GmbH, Doepker Industries Limited, Fontaine Commercial Trailer, Polar Tank, Trail King Industries, Pitts Trailers, East Manufacturing Corporation, Mac Trailer Enterprises Inc., Strick Trailers, STI HOLDINGS, HEIL TRAILER INTERNATIONAL, and Vanguard National Trailer Corp.