Semi-Trailer Market worth 34.3 Billion USD by 2020

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MarketsandMarkets Presents
Semi-Trailer Market worth 34.3 Billion USD by 2020
http//www.marketsandmarkets.com/Market-Reports/se
mi-trailer-market-136867745.html
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• Semi-Trailer Market by Type (Flatbed, Lowboy,
  Dry Van, Refrigerated Others), Tonnage (Below
  25t, 25t-50t, 51t-100t above 100t), Number of
  Axles (lt3 Axles, 3-4 Axles gt4 Axles), and by
  Region - Global Forecast Analysis to
  2020, classifies and defines the semi-trailer
  market in terms of value and volume. The report
  highlights potential growth opportunities in the
  coming years as well as reviews the drivers,
  restraints, growth indicators, challenges, market
  dynamics, competitive landscape, and other key
  aspects with respect to the semi-trailer market.
  It also focuses on key market players and their
  strategies along with recent developments.
•                               
• Browse 70 market data Tables and 58 Figures
  spread through 141 Pages and in-depth TOC
  on "Semi-Trailer Market by Type (Flatbed, Lowboy,
  Dry Van, Refrigerated Others), Tonnage (Below
  25t, 25t-50t, 51t-100t above 100t), Number of
  Axles (lt3 Axles, 3-4 Axles gt4 Axles), and by
  Region - Global Forecast Analysis to 2020
• http//www.marketsandmarkets.com/Market-Reports/se
  mi-trailer-market-136867745.html

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• Semi-Trailer Market The market size, in terms of
  value, is projected to grow at a CAGR of 7.12 to
  reach USD 34.3 Billion by 2020.
• Growth in Freight Transportation
• The global economic recovery has driven growth of
  industries such as retail, construction,
  automotive, and food beverages. It is crucial
  that the necessary raw materials reach production
  facilities and finished goods reach end-markets,
  cost effectively and efficiently to ensure smooth
  manufacturing operations. This directly impacts
  the logistics industry, with fleet owners
  investing in new equipment to serve growing
  demand. Road transportation is one of the most
  preferred modes of transportation for inland
  logistics. Rising demand for freight
  transportation, given the rise in manufacturing
  activity and global economic recovery, coupled
  with new structures of supply chain, has resulted
  in freight operators investing in expansion of
  their existing fleet.

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• Cyclical Demand Pattern Rising Demand for Fuel
  Efficiency
• Fuel costs account for approximately 30 of the
  operating costs for fleet operators. OEMs are
  focusing on adopting new technologies, improving
  design, and using drag reduction components in
  new models. OEMs have developed components such
  as side skirts and drag reduction systems to
  reduce air resistance, improving fuel efficiency
  by up to 5. For refrigerated semi-trailers, OEMs
  have increased thermal insulation efficiency to
  reduce energy usage. These advancements enable
  fleet operators to optimize operating costs and
  reduce harmful emissions from fuel consumption.
• Given the lack of orders and a drop in the
  production activity during the economic
  recession, many fleet operators have started
  replacing older semi-trailers. The cyclical
  nature of the industry is currently at a stage of
  high-growth, as these vehicles are either being
  replaced or added for fleet expansion. Fleet
  operators prolonged purchase of new trailers
  during the economic recession and current market
  trends have resulted in investments in the
  expansion as well as replacement of fleet.

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