Truck Trailer Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application Type (Logistics, Construction, Mining, Oil & Gas, Others), By Truck Tonnage Capacity (Class1, Class2, Class3 Class4, Class5, Class6, Class7, Class8), By Trailer Type (Flat Bed Trailer, Dry Vans, Refrigerated Trailers, Multi Car Trailers, Stretch Drop Deck Trailer, Lowboy Trailer), By Vehicle Type (Light Duty, Heavy Duty, Medium Duty), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 70.26 Billion
CAGR (2026-2031)	6.38%
Fastest Growing Segment	Construction
Largest Market	North America
Market Size (2031)	USD 101.83 Billion

Market Overview

The Global Truck Trailer Market will grow from USD 70.26 Billion in 2025 to USD 101.83 Billion by 2031 at a 6.38% CAGR. The global truck trailer market encompasses non-motorized cargo vehicles designed to be towed by powered units, serving as the primary vessel for road freight transportation. Growth in this sector is fundamentally driven by the expansion of international logistics networks and rising industrial output, which necessitate the efficient movement of raw materials and finished goods across supply chains. Additionally, heightened construction activity and the broadening scope of cold chain requirements support sustained demand for specialized trailer configurations, ensuring a baseline of operational necessities distinct from technological shifts.

However, market expansion faces significant challenges from economic volatility and inventory recalibration, which can temporarily suppress purchasing activity and delay fleet renewals. High interest rates and fluctuating freight demand often create instability in order volumes, impeding consistent manufacturing output. According to the North American Trailer Dealers Association, in the first half of 2025, the trailer industry recorded a 3.07% year-over-year decline in new trailer sales, highlighting the tangible impact of these financial headwinds on market performance.

Key Market Drivers

The rapid expansion of e-commerce and retail logistics networks acts as a primary catalyst for the truck trailer market, fundamentally altering fleet composition and utilization rates. As consumers increasingly rely on direct-to-door delivery models, logistics providers must bolster their capacity to handle high-frequency, fragmented freight loads. This shift necessitates a robust volume of dry van and general cargo trailers to manage the complex middle-mile and last-mile distribution stages. The sheer scale of this freight movement is evident in recent industry volume assessments; according to the American Trucking Associations, January 2025, in the 'Freight Transportation Forecast 2024 to 2035', truck freight volumes were estimated to have reached 11.27 billion tons in 2024, underscoring the critical reliance on road transport equipment.

Simultaneously, the market is being propelled by the rising demand for cold chain and temperature-controlled transportation, driven by stricter food safety regulations and the global trade of pharmaceuticals and perishables. This sector requires specialized refrigerated trailers capable of maintaining precise environmental conditions to prevent spoilage and ensure compliance. The expansion of this infrastructure is substantial; according to the Global Cold Chain Alliance, April 2025, in the '2025 Global Top 25 List', the total temperature-controlled capacity operated by top global members increased by more than 10% to reach 8.16 billion cubic feet. This segment-specific growth contributes to overall manufacturing throughput, as evidenced by major OEMs maintaining significant production levels. For instance, according to CIMC Vehicles, in 2025, the company reported total sales of 101,700 semi-trailers globally for the fiscal year 2024.

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Key Market Challenges

Economic volatility and high interest rates act as significant impediments to the growth of the global truck trailer market. As borrowing costs remain elevated, logistics providers and fleet operators face increased capital expenditure burdens, making the acquisition of new non-motorized cargo units prohibitively expensive. This financial pressure is compounded by fluctuating freight demand, which erodes carrier profit margins and forces companies to extend the lifecycle of existing assets rather than investing in fleet modernization. Consequently, manufacturers experience suppressed order volumes as buyers adopt a cautious approach to capital allocation, disrupting the consistent production output necessary for sector expansion.

This instability in purchasing behavior is evident in recent heavy vehicle acquisition trends, which serve as a critical leading indicator for trailer demand. A contraction in the prime mover market inevitably signals reduced requirements for corresponding trailers. According to the European Automobile Manufacturers' Association (ACEA), in January 2025, new EU truck registrations declined by 6.3% throughout the full year of 2024. This downturn in the heavy vehicle segment illustrates how broader financial headwinds are actively suppressing investment in essential road freight hardware, thereby directly limiting the addressable market for new trailer configurations.

Key Market Trends

Widespread Adoption of IoT-Enabled Smart Trailer Telematics is transforming the market by converting passive cargo assets into intelligent, connected nodes. Fleet operators are integrating advanced sensors to monitor real-time location and cargo integrity, enhancing asset utilization and supply chain transparency. This technological shift addresses the critical need for granular data visibility to optimize routing and reduce idle times. The strategic importance of this technology is evident in investment trends. According to Descartes Systems Group, June 2024, in the '8th Annual Global Transportation Management Benchmark Survey', real-time transportation visibility was cited as the top priority technology investment by 36% of surveyed shippers and logistics service providers, highlighting the demand for connected infrastructure.

Proliferation of Electric-Assist Trailer Technologies represents a structural evolution aimed at decarbonizing road freight through active propulsion support. These trailers incorporate electric axles to capture regenerative braking energy, assisting the prime mover and significantly reducing fuel consumption. This innovation allows carriers to meet stringent environmental regulations while lowering operational costs. The efficiency gains of such systems are driving market interest. According to Range Energy, May 2024, in a press release regarding their 'RB-01' electric trailer system, initial testing demonstrated that the technology delivered fuel efficiency improvements of up to 67% for the tractor-trailer combination, validating the viability of electrified architectures.

Segmental Insights

The Construction segment is identified as the fastest-growing category within the Global Truck Trailer Market, primarily driven by substantial investments in global infrastructure development. Governments worldwide are prioritizing road connectivity, commercial complexes, and urban housing projects, creating a surge in demand for trailers capable of hauling heavy raw materials and equipment. This trend is further supported by rapid industrialization in developing nations, which necessitates efficient logistics for large-scale engineering operations. As construction activities intensify to meet the needs of expanding populations, fleet operators are increasingly procuring specialized trailers, thereby sustaining the strong upward trajectory of this market segment.

Regional Insights

North America maintains a dominant position in the global truck trailer market due to a heavy reliance on road transportation for freight movement and a well-developed logistics infrastructure. The region benefits from robust manufacturing capabilities and high production volumes from established original equipment manufacturers. Additionally, stringent safety and compliance mandates enforced by the National Highway Traffic Safety Administration drive consistent demand for fleet modernization and equipment replacement. This regulatory framework, combined with strong cross-border trade activity between the United States and Canada, effectively sustains the regional market leadership.

Recent Developments

• In December 2025, Hyundai Translead established a strategic partnership with Hyundai Capital America to launch a new captive finance subsidiary, Hyundai Translead Capital. This collaboration appointed Hyundai Capital America as the exclusive finance provider for the trailer manufacturer's entire product portfolio, including dry and refrigerated van trailers, flatbeds, and chassis. The initiative was designed to streamline financing processes for dealers and customers by offering tailored retail loans and lease products. Executives from the organization stated that this venture would support the growing trailer market and enhance operational excellence through customer-centric financial solutions.
• In April 2025, Range Energy expanded its strategic collaboration with Thermo King to accelerate the commercialization of electric refrigerated trailers across the Americas. Building on an initial partnership from the previous year, the companies broadened their efforts to create a comprehensive go-to-market strategy that included joint sales, distribution, installation, and service initiatives. The alliance utilized the refrigeration leader's extensive dealer network to support the integration of electric trailer platforms with hybrid and electric refrigeration units. This cooperation aimed to reduce diesel consumption in heavy-duty transport and facilitate the adoption of sustainable logistics technologies.
• In September 2024, Krone Commercial Vehicles unveiled its new generation of Box Liner container chassis at the IAA Transportation event in Hanover. The launch featured a multifunctional modular system designed to transport various sea container sizes, with the new TU40 and TU45 models offering optimized weight and flexibility for logistics operators. Alongside the chassis, the company showcased an electrified trailer developed in partnership with Trailer Dynamics, which utilized an electric axle to reduce fuel consumption and carbon emissions by up to 50 percent. These innovations demonstrated the manufacturer's commitment to digitalization, automation, and sustainability in the global trailer market.
• In September 2024, Wabash entered into a partnership with Kodiak Robotics to integrate its "Trailers as a Service" offering into the autonomous trucking company's operations. This agreement provided the autonomous fleet with flexible access to a nationwide pool of compliant and reliable trailers, supported by a comprehensive managed care program. The collaboration focused on ensuring maximum uptime and safety for autonomous long-haul trucks through proactive maintenance and monitoring. By leveraging this subscription-based model, the companies aimed to optimize operational efficiency and co-develop future trailer technologies specifically more suited for driverless transportation.

Key Market Players

• China International Marine Containers (Group) Co., Ltd.
• Wabash National Corporation
• Schmitz Cargobull AG
• Great Dane LLC
• Hyundai Translead Inc.
• Utility Trailer Manufacturing Company, LLC.
• Bernard KRONE Holding SE & Co. KG
• Engineered Transportation International
• Kogel Trailer GmbH
• Fontaine Commercial Trailer, Inc.

By Application Type	By Truck Tonnage Capacity	By Trailer Type	By Vehicle Type	By Region
Logistics Construction Mining Oil & Gas Others	Class1 Class2 Class3 Class4 Class5 Class6 Class7 Class8	Flat Bed Trailer Dry Vans Refrigerated Trailers Multi Car Trailers Stretch Drop Deck Trailer Lowboy Trailer	Light Duty Heavy Duty Medium Duty	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Truck Trailer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Truck Trailer Market, By Application Type:

• Logistics
• Construction
• Mining
• Oil & Gas
• Others

• Truck Trailer Market, By Truck Tonnage Capacity:

• Class1
• Class2
• Class3 Class4
• Class5
• Class6
• Class7
• Class8

• Truck Trailer Market, By Trailer Type:

• Flat Bed Trailer
• Dry Vans
• Refrigerated Trailers
• Multi Car Trailers
• Stretch Drop Deck Trailer
• Lowboy Trailer

• Truck Trailer Market, By Vehicle Type:

• Light Duty
• Heavy Duty
• Medium Duty

• Truck Trailer Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE