What are the key driving factors for the growth of the Semi-Trailer Market?

Automotive14 Sep, 2022Technology

The semi-trailer market is diverse and there are a wide variety of sizes and configurations that are employed to meet the wide range of freight demands. The semi-trailer market is expected to grow significantly over the forecast period. This is due to the growth in GDP per-capita, the aging demography, and the growth in the international inbound and outbound tourism in various countries, all over the globe. The semi-trailer market will grow over the forecast period with the rise of adventure tourism, and the evolution of eco-tourism. Moreover many governments around the world have initiated the promotion of fuel-saving technologies within their heavy-duty vehicle fleets such as semi-trailers. This is done with the objective of responding to the growing fuel consumption and GHG emissions from commercial vehicles.