The semi-trailer market is expected to register a CAGR of 5.32%, during, 2019 - 2024.
? The majority of the transportation in the energy, construction, automotive, and manufacturing sectors happens through road and trailers, due to their flexibility and versatility. Semi-trailers are more popular than full-trailers.
? The increasing use of alternative fuels is expected to drive the growth prospects for the road freight transportation market, over the forecast period.
? Semi-trailer manufacturers are developing and adopting advanced technologies, in order to enhance the efficiency of vehicles. For instance; Ekeri, a Finland-based company, has developed a side opening design for a semi-trailer, which is likely to save 30 minutes on each daily run. Similarly, K?ssbohrer, a German-based company ,has recently launched 18 new models of semi-trailers across four product groups, in response to the changing trends in the industry, and to cater to the exact requirements of customers.
? Asia-Pacific is the largest market for semi-trailers, and is expected to grow at the fastest pace beyond 2020.
? Many heavy commercial vehicles in India are outdated and due for replacement. Strict emission norms will result in an increase in the demand for replacements, thus, driving the growth in the Indian semi-trailer market.
 
Source: https://www.mordorintelligence.com/industry-reports/semi-trailer-market