The flatbed semi-trailer market share is expected to increase to 40.14 thousand units from 2021 to 2026, at a CAGR of 3.98%.
The report extensively covers flatbed semi-trailer market segmentation by the following:
- Type - Combo flatbed semi-trailer, steel flatbed semi-trailer, and aluminum flatbed semi-trailer
- Geography - APAC, North America, Europe, South America, and MEA
The flatbed semi-trailer market report offers information on several market vendors, including Alum Line Trailers, China International Marine Containers (Group) Ltd., East Manufacturing Corp., FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG, Featherlite Trailer Manufacturing LLC, Great Dane LLC, Hyundai Motor Co., Schmitz Cargobull AG, Utility Trailer Manufacturing Co., and Wabash National Corp. among others.
This flatbed semi-trailer market research report will help companies evaluate their business approaches.
What will the Flatbed Semi-Trailer Market Size be During the Forecast Period?
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Flatbed Semi-Trailer Market: Key Drivers, Trends, and Challenges
The rapidly growing transportation and logistics industry is notably driving the flatbed semi-trailer market growth, although factors such as high maintenance cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flatbed semi-trailer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Flatbed Semi-Trailer Market Driver
The rapidly growing transportation and logistics industry is one of the key drivers supporting the flatbed semi-trailer market growth. Most companies rely on external logistics companies to reduce their investment in vehicle fleets, miniaturization, and availability of different types of containers, tanks, and flatbeds, depending on their needs. On top of that, the significant expansion of e-commerce activities has increased the reliance of e-commerce companies on logistics service providers to ensure the transportation of goods through warehouses and distribution hubs. For example, logistics companies are increasingly dependent on forwarding companies for less than truckload (LTL) and full truckload (FTL) due to their diversity in terms of load capacity. In addition, trailers have the lowest transportation costs per ton per km compared to rigid trucks, further improving their acceptance in logistics operations. Considering these factors, the market in focus is expected to grow during the forecast period.
Key Flatbed Semi-Trailer Market Trend
The increasing demand for semi-trailers in emerging economies is one of the key flatbed semi-trailer market trends fueling the market growth. The growth of the global flatbed semi-trailer market is highly dependent on the sales of semi-trailers across the globe. The major demand for semi-trailers is expected to come from emerging economies in APAC, South America, the Middle East, and Eastern Europe during the forecast period. Increasing manufacturing and construction activities in these countries would increase the demand for transportation and logistics. The rise in manufacturing activities in these countries is backed by the robust GDP growth forecasts made for them during the forecast period. Therefore, these factors will have a positive impact on the demand for semi-trailers, which will drive market growth during the forecast period.
Key Flatbed Semi-Trailer Market Challenge
The high maintenance cost is one of the factors hindering the flatbed semi-trailer market growth. The average service life of a new trailer is about 15 years, with proper maintenance. However, car trailers come with air suspension and are more costly than traditional trailers. Maintenance costs will increase if the suspension is used for more than three years. Also, trailer tires have an average lifespan of 25,000 to 50,000 miles. Hence, changing tires further increases vehicle maintenance costs. Meanwhile, refrigerated trailers are equipped with a number of components that require regular maintenance, such as compressors, condensers, and evaporators, which increases maintenance costs. Such factors will limit the market growth during the forecast period.
This flatbed semi-trailer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Flatbed Semi-Trailer Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Alum Line Trailers
- China International Marine Containers (Group) Ltd.
- East Manufacturing Corp.
- FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG
- Featherlite Trailer Manufacturing LLC
- Great Dane LLC
- Hyundai Motor Co.
- Schmitz Cargobull AG
- Utility Trailer Manufacturing Co.
- Wabash National Corp.
This statistical study of the flatbed semi-trailer market encompasses successful business strategies deployed by the key vendors. The flatbed semi-trailer market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
Product Insights and News
- Alum Line Trailers - The company offers flatbed semi-trailer that includes animal truck poopers, toopers, dog boxes, dog trailers, semi cab guards, truck beds, sport and hoy trailers, semi cab guards, livestock trailers, automative trailers, and many more, under the brand name of Alum-Line Trailers
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The flatbed semi-trailer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Flatbed Semi-Trailer Market?
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50% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for flatbed semi-trailer market in APAC. Market growth in this region will be slower than the growth of the market in MEA.
Rapid infrastructural and industrial developments will facilitate the flatbed semi-trailer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely affected the economies of several countries in the region. However, with the lifting of restrictions on industrial operations, automobile companies are resuming their operations with strict adherence to safety guidelines to bring business activities back to normalcy, which is likely to increase the demand for flatbed semi-trailers during the forecast period.
What are the Revenue-generating Type Segments in the Flatbed Semi-Trailer Market?
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The flatbed semi-trailer market share growth by the combo flatbed semi-trailer segment will be significant during the forecast period. The large-scale adoption among end-user owing to the multiple benefits of the flatbed semi-trailer, both in terms of cost and weight will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the flatbed semi-trailer market size and actionable market insights on post COVID-19 impact on each segment.
Parent Market Analysis
Technavio categorizes the flatbed semi-trailer market as a part of the automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flatbed semi-trailer market during the forecast period.
Flatbed Semi-Trailer Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the flatbed semi-trailer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the automotive components and accessories market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Distribution and logistics
- Marketing and sales
- Service
- Industry innovations
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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Flatbed Semi-Trailer Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 3.98% |
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Market growth 2022-2026 |
40.14 th units |
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Market structure |
Fragmented |
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YoY growth (%) |
6.49 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 50% |
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Key consumer countries |
China, US, Germany, India, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Alum Line Trailers, China International Marine Containers (Group) Ltd., East Manufacturing Corp., FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG, Featherlite Trailer Manufacturing LLC, Great Dane LLC, Hyundai Motor Co., Schmitz Cargobull AG, Utility Trailer Manufacturing Co., and Wabash National Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Flatbed Semi-Trailer Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive flatbed semi-trailer market growth during the next five years
- Precise estimation of the flatbed semi-trailer market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the flatbed semi-trailer industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of flatbed semi-trailer market vendors
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