Flatbed Semi-Trailers Market Scope
Flatbed semi-trailers are flat body type trailers with no front axle. These trailers are attached with trucks in order to increase their load capacity. Available in various capacity, they are mostly made up of iron or aluminium. Flatbed semi-trailers provide ideal solution to transport machinery, construction materials as well as other heavy components. With end-users focusing on delivering high efficiency amid stringent government norms, lightweight flatbed semi-trailers demand is expected to rise significantly during forecast period.
According to AMA, the Global Flatbed Semi-Trailers market is expected to see growth rate of 4.8% Research Analyst at AMA estimates that American Vendors will contribute to the maximum growth of Global Flatbed Semi-Trailers market throughout the predicted period.
CIMC (China), Wabash National (United States), Schmitz Cargobull (Germany), Great Dane LLC (United States), Hyundai Translead (United States), Utility Trailer (United States), Krone (Germany), Stoughton (United States), Kögel Trailer (Germany), Welton SA (Poland), SDC Trailers Ltd (United Kingdom) and Schwarzmuller Group (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Doepker Industries Limited (Canada), East Manufacturing Corporation (United States), Felling Trailers (United States), Fontaine Commercial Trailer, Inc. (United States), Fruehauf Trailer Corporation (United States) and Heil Trailer International, Co. (United States).
Segmentation Overview
The study have segmented the market of Global Flatbed Semi-Trailers market , by Application (Logistics, Chemical, Food, Cement, Oil and gas and Other) and Region with country level break-up.
On the basis of geography, the market of Flatbed Semi-Trailers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Demand for Aluminum-made Flatbed Semi-trailers and Increasing Truck-platooning Culture
Market Growth Drivers:
Introduction of All-electric Semi Trailer Trucks and Increasing Manufacturing and Construction Activities Worldwide
Challenges:
Bringing Down the Total Cost of Ownership (TCO) and Introduction of Lightweight Semi-trailers
Restraints:
Growing Dominance of Local Manufacturers and Rising Raw Materials Prices
Opportunities:
Growing Cold Chain Industry in Emerging Countries and Use of Advanced Technologies in Manufacturing of Flatbed Semi-Trailers
Market Leaders and their Expansionary Development Strategies
In July 2022, Great Dane acquired Trudell, the parent company of Trudell Trailer Sales, a major shareholder in Northeast Great Dane. The Trudell acquisition by Cox Automotive includes the acquisition of Trudell Trailer Sales, the exclusive dealer of numerous Midwest and Northeast trailers for Great Dane. . . Trudell Trailer Sales specialize in new and used trailer sales, aftermarket truck and trailer parts, graphic design, and installation, as well as trailer service capabilities including mobile services.
In September 2022, Hyundai Translead launched HT LinkSense, an open-platform smart trailer solution integrated with multiple telematics partners such as CalAmp, Orbcomm, Phillips Connect, PowerFleet, Road Ready, Sensata Xirgo, SkyBitz, and Spireon. According to Hyundai Translead, HT LinkSense provides a universal link between sensor packages and existing telematics systems, giving fleets the flexibility to choose the sensor and telematics provider that meets their needs, while eliminating compatibility issues.
Key Target Audience
Flatbed Semi-Trailers Manufacturers, Raw Materials Suppliers, Components Suppliers/Distributors, End-user Industries, Potential Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.