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The semi-trailer dealership market was estimated to be worth USD 8.25 billion in 2021, and from 2023 to 2030, it is anticipated to grow at a compound annual growth rate (CAGR) of 6.6%. The growth of the logistic sector, along with rising disposable income and a rise in travel interest among consumers, are the main factors driving the U.S. semi-trailer dealer market. The market is expanding further due to the trend towards the growth of the manufacturing and automotive sectors. The demand for semi-trailers to transport chemicals, automotive and healthcare products, and mining and construction equipment has increased along with the adoption of roadway transportation over the years, which is also contributing to the market's expansion.
Additionally, the demand for transport vehicles has increased due to rising investments in improving road infrastructure. Semi-trailers are easy to use, require little maintenance, and are capable of transporting huge loads over extended distances. As a result, they are frequently chosen over other trailers on the market. The market for semi-trailers in the United States saw strong demand in 2018, but the COVID-19 pandemic's arrival in 2019 had a detrimental effect on market growth. Lockdowns around the world caused supply chain problems in the US state, which had a significant negative impact on the market's manufacturing of semi-trailers. In comparison to 2018, the market's Y-o-Y growth decreased by about 1.7% in 2019. A similar pattern continued through the first half of 2020, but manufacturing operations started in the fourth quarter. As a result, sales began to pick up steam in 2021, and dealers noticed an increase in semi-trailer orders from many industries and sectors, including agriculture and food, construction and mining, logistics, and chemicals.
By providing businesses with benefits like website hosting, streaming videos, best-in-class dealer mobile applications, and consumer portals that help them grow their clientele and gain a competitive edge, semi-trailer manufacturers are expanding their business. Additionally, U.S. semi-trailer manufacturers are offering their dealers a range of financing options to help them overcome the financing obstacles they confront. For instance, one of the manufacturers in the semi-trailer industry, Novae LLC, provides its dealers with both wholesale floorplan finance and retail financing.
To provide the greatest client service and improve their experiences, semi-trailer dealers also offer supplementary services during the rental duration. The dealers adhere to rental pricing trends, which include rates based on the kind, make, model, and brand of the caravan as well as the location, such as inside or outside of the city limits. Without incurring any overhead costs, dealers like Boxwheel offer extra services like real-time GPS, on-site maintenance, replacement trailers, connect-and-go service, relocation services, roadside assistance, and variable cartage capacity. Dealers like Crossroad Trailer hand over the registration and licence plate to the renter. The dealer's practises of providing extra services, quick rental processes, and reasonable prices enhance the renter's customer experience.
The American market is incredibly disjointed and disorganised. Due to cost differences, prominent dealers that have a global presence are threatened by the market's lack of organisation. Additionally, low profitability and pressure on prices can result from inferior and less expensive local market products. The growth of established dealers in the prospective market is threatened by the emergence of the unorganised sector. Because they are well-established in their areas, local dealers. The neighbourhood supplier sells a semi-trailer at a competitive price and offers services comparable to those of the organised industry. The expanding supply chain activities in urban areas and the private usage of trailers by people are both contributing to the expansion of the regional market.
Report Coverage
Global Semi-Trailer Dealership research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Semi-Trailer Dealership report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Semi-Trailer Dealership competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Semi-Trailer Dealership market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Semi-Trailer Dealership market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Semi-Trailer Dealership market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Great Western Leasing and Sales; Larry's Trailer Sales & Service LLC; Diamond T Truck & Trailer Inc.; Northwest Truck & Trailer; Royal Truck & Trailer Sales and Service, Inc.; Semi-Truck and Trailer Sales; Star Trailer Sales, Inc.; TNT Sales; Young truck and trailer; Superior Trailer Sales; Crossroad Trailers Sales and Service Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Semi-Trailer Dealership market based on the below-mentioned segments:
Global Semi-Trailer Dealership Market, By Product Type
Dry Van
Refrigerator
Flatbed
Lowboy/ Double Drop Gooseneck
Others
Global Semi-Trailer Dealership Market, By End User
Food & Beverages/ FMCG
Industrial
Construction & Mining
Others
Global Semi-Trailer Dealership market, Regional Analysis
Additionally, the demand for transport vehicles has increased due to rising investments in improving road infrastructure. Semi-trailers are easy to use, require little maintenance, and are capable of transporting huge loads over extended distances. As a result, they are frequently chosen over other trailers on the market. The market for semi-trailers in the United States saw strong demand in 2018, but the COVID-19 pandemic's arrival in 2019 had a detrimental effect on market growth. Lockdowns around the world caused supply chain problems in the US state, which had a significant negative impact on the market's manufacturing of semi-trailers. In comparison to 2018, the market's Y-o-Y growth decreased by about 1.7% in 2019. A similar pattern continued through the first half of 2020, but manufacturing operations started in the fourth quarter. As a result, sales began to pick up steam in 2021, and dealers noticed an increase in semi-trailer orders from many industries and sectors, including agriculture and food, construction and mining, logistics, and chemicals.
By providing businesses with benefits like website hosting, streaming videos, best-in-class dealer mobile applications, and consumer portals that help them grow their clientele and gain a competitive edge, semi-trailer manufacturers are expanding their business. Additionally, U.S. semi-trailer manufacturers are offering their dealers a range of financing options to help them overcome the financing obstacles they confront. For instance, one of the manufacturers in the semi-trailer industry, Novae LLC, provides its dealers with both wholesale floorplan finance and retail financing.
To provide the greatest client service and improve their experiences, semi-trailer dealers also offer supplementary services during the rental duration. The dealers adhere to rental pricing trends, which include rates based on the kind, make, model, and brand of the caravan as well as the location, such as inside or outside of the city limits. Without incurring any overhead costs, dealers like Boxwheel offer extra services like real-time GPS, on-site maintenance, replacement trailers, connect-and-go service, relocation services, roadside assistance, and variable cartage capacity. Dealers like Crossroad Trailer hand over the registration and licence plate to the renter. The dealer's practises of providing extra services, quick rental processes, and reasonable prices enhance the renter's customer experience.
The American market is incredibly disjointed and disorganised. Due to cost differences, prominent dealers that have a global presence are threatened by the market's lack of organisation. Additionally, low profitability and pressure on prices can result from inferior and less expensive local market products. The growth of established dealers in the prospective market is threatened by the emergence of the unorganised sector. Because they are well-established in their areas, local dealers. The neighbourhood supplier sells a semi-trailer at a competitive price and offers services comparable to those of the organised industry. The expanding supply chain activities in urban areas and the private usage of trailers by people are both contributing to the expansion of the regional market.
Report Coverage
Global Semi-Trailer Dealership research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Semi-Trailer Dealership report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Semi-Trailer Dealership competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Semi-Trailer Dealership market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Great Western Leasing and Sales; Larry's Trailer Sales & Service LLC; Diamond T Truck & Trailer Inc.; Northwest Truck & Trailer; Royal Truck & Trailer Sales and Service, Inc.; Semi-Truck and Trailer Sales; Star Trailer Sales, Inc.; TNT Sales; Young truck and trailer; Superior Trailer Sales; Crossroad Trailers Sales and Service Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Semi-Trailer Dealership Market from 2021 to 2030.
- Market Forecast for Semi-Trailer Dealership Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Semi-Trailer Dealership competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Semi-Trailer Dealership
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Semi-Trailer Dealership market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Semi-Trailer Dealership market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Great Western Leasing and Sales; Larry's Trailer Sales & Service LLC; Diamond T Truck & Trailer Inc.; Northwest Truck & Trailer; Royal Truck & Trailer Sales and Service, Inc.; Semi-Truck and Trailer Sales; Star Trailer Sales, Inc.; TNT Sales; Young truck and trailer; Superior Trailer Sales; Crossroad Trailers Sales and Service Inc.
Primary Target Market
- Market Players of Semi-Trailer Dealership
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Semi-Trailer Dealership market based on the below-mentioned segments:
Global Semi-Trailer Dealership Market, By Product Type
Dry Van
Refrigerator
Flatbed
Lowboy/ Double Drop Gooseneck
Others
Global Semi-Trailer Dealership Market, By End User
Food & Beverages/ FMCG
Industrial
Construction & Mining
Others
Global Semi-Trailer Dealership market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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