In terms of revenue, the North America semi-trailer market was valued at US$ 10,637.1 million in 2019 and it is expected to grow at a CAGR of 4.2% during the forecast period of 2020 to 2027 to reach US$ 13,638.4 million by 2027.
North America Semi-Trailer Market Introduction
Technological advances have revolutionized seafood packaging, processing, and storage during shipping. The US retail landscape is undergoing a significant evolution in how food reaches every retail shop, including convenience stores and supermarkets. These critical changes in the food, pharmaceuticals, and retail industries are accelerating the need for the cold chain, which in turn directly supports the expansion of the semi-trailer market in North America. Improvements in cold chains are crucial for preserving the quality of perishable food and temperature-sensitive medical products, thereby assuring reliable and efficient shipping of these goods. The transport of frozen foods in refrigerated semi-trailers ensures the retention of their nutritive values and quality for extended durations. Cold chain operators across North America are consistently prioritizing advancements in existing technologies for product transportation, while ensuring efficiency, integrity, and safety. Consequently, these developments in the US, Canada, and Mexico are vigorously driving the growth of the North America semi-trailer market.
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North America Semi-Trailer Strategic Insights
Strategic insights for the North America Semi-Trailer market provide a comprehensive data-driven analysis of the industry landscape, covering current market dynamics, key industry players, and regional nuances. These insights offer actionable recommendations, enabling readers to gain a distinct advantage over competitors by identifying untapped segments or developing unique value propositions. By leveraging data analytics, these insights help industry players anticipate market shifts, regardless of their role as investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders foresee market changes and position themselves for sustained success in this vibrant region. Ultimately, robust strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Semi-Trailer Market Segmentation
North America Semi-Trailer Market – by Type
- Flatbed
- Lowboy
- Dry Van
- Refrigerated
- Tankers
- Other Types
North America Semi-Trailer Market – by Number of Axles
- Less Than 3 Axles
- 3 to 4 Axles
- More Than 4 Axles
North America Semi-Trailer Market – by Tonnage
- Below 25 Tons
- 25 Tons and 50 Tons
- 51 Tons and 100 Tons
- Above 100 Tons
North America Semi-Trailer Market – by Country
- US
- Canada
- Mexico
North America Semi-Trailer Market - Companies Mentioned
- Hyundai Translead
- Manac Inc.
- East Manufacturing Corporation
- Fontaine Trailer
- Great Dane LLC
- HEIL TRAILER INTERNATIONAL
- Kentucky Trailer
- STI HOLDINGS, INC (Stoughton Trailers)
- Trail King Industries
- Utility Trailer Manufacturing Company
- Vanguard National Trailer Corp.
- Wabash National Corporation
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