Flatbed Semi-Trailer Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
| Published: Feb 2022 | Pages: 120 | SKU: IRTNTR72557 |
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
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
2.3 Value chain analysis
Exhibit 02: Value chain analysis: Auto Parts and Equipment
2.3.1 Inputs
2.3.2 Inbound logistics
2.3.3 Operations
2.3.4 Distribution and logistics
2.3.5 Marketing and sales
2.3.6 Service
2.3.7 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 05: Global - Market size and forecast 2021 - 2026 (thousand units)
Exhibit 06: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 07: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 08: Market condition - Five forces 2021
5 Market Segmentation by Type
5.1 Market segments
The segments covered in this chapter are:
- Combo flatbed semi-trailer
- Steel flatbed semi-trailer
- Aluminum flatbed semi-trailer
Exhibit 09: Type - Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 10: Comparison by Type
5.3 Combo flatbed semi-trailer - Market size and forecast 2021-2026
Exhibit 11: Combo flatbed semi-trailer - Market size and forecast 2021-2026 (thousand units)
Exhibit 12: Combo flatbed semi-trailer - Year-over-year growth 2021-2026 (%)
5.4 Steel flatbed semi-trailer - Market size and forecast 2021-2026
Exhibit 13: Steel flatbed semi-trailer - Market size and forecast 2021-2026 (thousand units)
Exhibit 14: Steel flatbed semi-trailer - Year-over-year growth 2021-2026 (%)
5.5 Aluminum flatbed semi-trailer - Market size and forecast 2021-2026
Exhibit 15: Aluminum flatbed semi-trailer - Market size and forecast 2021-2026 (thousand units)
Exhibit 16: Aluminum flatbed semi-trailer - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Type
Exhibit 17: Market opportunity by Type
6 Customer landscape
6.1 Overview
Exhibit 18: Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 19: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 20: Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 21: APAC - Market size and forecast 2021-2026 (thousand units)
Exhibit 22: APAC - Year-over-year growth 2021-2026 (%)
7.4 North America - Market size and forecast 2021-2026
Exhibit 23: North America - Market size and forecast 2021-2026 (thousand units)
Exhibit 24: North America - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 25: Europe - Market size and forecast 2021-2026 (thousand units)
Exhibit 26: Europe - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 27: South America - Market size and forecast 2021-2026 (thousand units)
Exhibit 28: South America - Year-over-year growth 2021-2026 (%)
7.7 MEA - Market size and forecast 2021-2026
Exhibit 29: MEA - Market size and forecast 2021-2026 (thousand units)
Exhibit 30: MEA - Year-over-year growth 2021-2026 (%)
7.8 Key leading countries
Exhibit 31: Key leading countries
7.9 Market opportunity by geography
Exhibit 32: Market opportunity by geography (thousand units)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Rapidly growing transportation and logistics industry
8.1.2 Increasing demand from the European Logistics Sector
8.1.3 Stringent regulations on emissions and fuel consumption
8.2 Market challenges
8.2.1 High maintenance cost
8.2.2 Local players in the unorganized sector
8.2.3 Threats posed to market vendors by low-cost Chinese flatbed semi-trailers
Exhibit 33: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increasing demand for semi-trailers in emerging economies
8.3.2 Growing popularity of aluminum flatbed semi-trailers
8.3.3 Truck platooning concept spurring demand for semi-trailers
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 34: Vendor Landscape
9.3 Landscape disruption
Exhibit 35: Landscape disruption
9.4 Industry risks
Exhibit 36: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 37: Vendors covered
10.2 Market positioning of vendors
Exhibit 38: Market positioning of vendors
10.3 Alum Line Trailers
Exhibit 39: Alum Line Trailers - Overview
Exhibit 40: Alum Line Trailers - Product and service
Exhibit 41: Alum Line Trailers - Key offerings
10.4 China International Marine Containers (Group) Ltd
Exhibit 42: China International Marine Containers (Group) Ltd. - Overview
Exhibit 43: China International Marine Containers (Group) Ltd. - Business segments
Exhibit 44: China International Marine Containers (Group) Ltd. - Key offerings
Exhibit 45: China International Marine Containers (Group) Ltd. - Segment focus
10.5 East Manufacturing Corp.
Exhibit 46: East Manufacturing Corp. - Overview
Exhibit 47: East Manufacturing Corp. - Product and service
Exhibit 48: East Manufacturing Corp. - Key offerings
10.6 FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG
Exhibit 49: FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG - Overview
Exhibit 50: FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG - Business segments
Exhibit 51: FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG - Key offerings
Exhibit 52: FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG - Segment focus
10.7 Featherlite Trailer Manufacturing LLC
Exhibit 53: Featherlite Trailer Manufacturing LLC - Overview
Exhibit 54: Featherlite Trailer Manufacturing LLC - Product and service
Exhibit 55: Featherlite Trailer Manufacturing LLC - Key offerings
10.8 Great Dane LLC
Exhibit 56: Great Dane LLC - Overview
Exhibit 57: Great Dane LLC - Product and service
Exhibit 58: Great Dane LLC - Key offerings
10.9 Hyundai Motor Co.
Exhibit 59: Hyundai Motor Co. - Overview
Exhibit 60: Hyundai Motor Co. - Business segments
Exhibit 61: Hyundai Motor Co. - Key offerings
Exhibit 62: Hyundai Motor Co. - Segment focus
10.10 Schmitz Cargobull AG
Exhibit 63: Schmitz Cargobull AG - Overview
Exhibit 64: Schmitz Cargobull AG - Product and service
Exhibit 65: Schmitz Cargobull AG - Key offerings
10.11 Utility Trailer Manufacturing Co.
Exhibit 66: Utility Trailer Manufacturing Co. - Overview
Exhibit 67: Utility Trailer Manufacturing Co. - Product and service
Exhibit 68: Utility Trailer Manufacturing Co. - Key offerings
10.12 Wabash National Corp.
Exhibit 69: Wabash National Corp. - Overview
Exhibit 70: Wabash National Corp. - Business segments
Exhibit 71: Wabash National Corp. - Key offerings
Exhibit 72: Wabash National Corp. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 ????Market definition
11.1.2 ????Objectives
11.1.3 ????Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 73: ?Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 74: ?Research Methodology
Exhibit 75: ??Validation techniques employed for market sizing?
Exhibit 76: ??Information sources
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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flatbed semi-trailer market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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