LONDON--(BUSINESS WIRE)--Aug 5, 2019--

The global flatbed semi-trailer market is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. However, the market’s momentum will decelerate in the coming years because of the decrease in the year-over-year growth.

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Technavio has announced its latest market research report titled global flatbed semi-trailer market 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global flatbed semi-trailer market size is the growing demand for semi-trailers in emerging economies. Increase in manufacturing and construction activities in emerging countries of APAC, South America, the Middle East, and Eastern Europe are increasing the demand for transportation and logistics. This is increasing the demand for flatbed semi-trailers, as fleet operators and construction companies need efficiency, faster turnaround time, and safe transport of goods, Thus, the growing demand for semi-trailers in emerging economies is expected to boost market growth during the forecast period.

As per Technavio, the development of all-electric semi-trailer truck will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global flatbed semi-trailer market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Flatbed Semi-Trailer Market: Development of All-Electric Semi-Trailer Truck

Electric semi-trailer trucks have gained immense traction during the last decade, with several truck manufacturers launching large variants of all-electric trucks in recent times. Although their cost is relatively higher than a diesel truck, electric trucks create value for customers in terms of emission reduction and lower total cost of ownership. The growing adoption of all-electric semi-trailer trucks is expected to boost the adoption of combo and aluminum flatbed semi-trailers, which are lighter than steel flatbed semi-trailers.

“Apart from the development of all-electric semi-trailer truck, other factors such as the emergence of truck platooning, and the growing popularity of aluminum flatbed semitrailers will have a significant impact on the growth of the flatbed semi-trailer market value during the forecast period,” says a senior analyst at Technavio.

Global Flatbed semi-trailer Market: Segmentation Analysis

This market research report segments the global flatbed semi-trailer market worth by type (combo flatbed semi-trailer, steel flatbed semi-trailer, and aluminum flatbed semi-trailer) and geographic regions (North America, Europe, APAC, South America, and MEA).

The APAC region led the flatbed semi-trailer market in 2018, followed by North America, Europe, South America, and MEA respectively. The growth of the flatbed semi-trailer market share in APAC can be attributed to factors such as rapid infrastructural and industrial development and collaboration among suppliers and manufacturers.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

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www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING MANUFACTURING ALTERNATIVE VEHICLES/FUELS OTHER AUTOMOTIVE ENVIRONMENT OFF-ROAD TRUCKS & SUVS TRUCKING GENERAL AUTOMOTIVE TRANSPORT AUTOMOTIVE LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Technavio Research

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PUB: 08/05/2019 08:30 AM/DISC: 08/05/2019 08:30 AM

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