North America Semi-Trailer Market: Top Advance Technology Changing the Trucking

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.

Technological advancements have enhanced the seafood packaging, processing, and storage processes during their shipping from one place to another. The retail sector in the US is altering the ways food is being made available across every retail shop, such as convenience stores and supermarkets. These changes in the food, pharmaceuticals, and retail industries—boosting the demand for cold chain—are supporting the growth of the semi-trailer market in North America. The developments in cold chains help in retaining the quality of the perishable food and temperature-sensitive medical products, thereby assuring reliable and efficient shipping of these products. The shipment of frozen foods in refrigerator semi-trailers facilitates the preservation of their nutritive values and quality for a longer period.

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North America region is concentrated with several technology companies, which has created substantial knowledge of modern technologies among the population. With continuous advancements in drone technology, the large multinational companies are seeking forward for drones to ensure quick delivery of parcels with high speed while lowering time and operational costs. Asian countries have the advantage of having the most confident shoppers when it comes to receiving deliveries through drones and using autonomous technology to make payments.

Semi-Trailer Market – Companies Mentioned
•Hyundai Translead
•Manac Inc.
•East Manufacturing Corporation
•Fontaine Trailer
•Great Dane LLC
•Kentucky Trailer
•STI HOLDINGS, INC (Stoughton Trailers)
•Trail King Industries
•Utility Trailer Manufacturing Company
•Vanguard National Trailer Corp.
•Wabash National Corporation

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Semi-Trailer market. The researcher provides an extensive analysis of the North America Semi-Trailer market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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North America Semi-Trailer Market Segmentation
North America Semi-Trailer Market – by Type
•Dry Van
•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

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The research on the North America Semi-Trailer market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America Semi-Trailer market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Semi-Trailer market.

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