MOUNTAIN VIEW, Calif.
March 27, 2013
/PRNewswire/ -- The next five years will see immense change and growth within the commercial semi-trailer market in
. The significant impact from the immense increase of diesel prices, operational costs and strengthening government regulation on the on-highway freight transportation industry has substantially amplified the interest and proliferation of advanced semi-trailer technologies, such as aerodynamics, electronic chassis systems, safety systems, telematics, as well as usage of enhanced body materials and part components.
New analysis from Frost & Sullivan (
Strategic Analysis of North American Semi-Trailer Advanced Technology Markets
finds that this market earned total revenues of
in 2011 and is expected to reach
If you are interested in more information on this research, please send an email to
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, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
Due to the recessionary environment over the past four years, fleets have forcibly postponed purchases of new equipment, which has extended the average age of semi-trailers to almost 8.5 years compared to 5 to 6 years before the recession hit. In turn, this has created a backlog of demand for replacement, as fleets now need new equipment and advanced technology.
The semi-trailer market saw strong demand in 2012 – approximately 248,000 units were produced, which was a 31,000 unit increase from 2011. As such, customers will be looking for innovative solutions to put more freight in semi-trailers in an effort to offset rising fuel prices and driver shortages.
"The proliferation of advanced semi-trailer technologies will be driven by three crucial factors: strengthening of the regulatory environment, rising fuel prices and an aging trailer population," said Frost & Sullivan Research Analyst
. "Compliance, Safety and Accountability (CSA) 2010 is also a particularly strong force behind the increase in demand for the upkeep of the technology and maintenance for semi-trailers. Fleets must comply with the stricter regulations, as they cannot risk being penalized or shut down due to poor CSA scores."
The Environmental Protection Agency (EPA) too has mandated that by 2014 heavy trucks must meet fuel efficiency standards. In addition to these constant regulatory pressures, the freight transportation industry continues to suffer from fleet downsizing, carrier failure, driver shortage and slow growth, all of which make it harder to recover their pre-recessionary peak levels.