SEMI-TRAILER MANUFACTURING FRAGMENTED WITH 250+ MANUFACTURERS ACROSS NORTH AMERICA

Growing share of Mexican producers in specific trailer segments, primarily in dump, tank and platform trailer manufacturing

Modesto, Calif., February 25, 2019 — A market research report by SpecialtyResearch.net examines fabricators of sixteen types of semi-trailers in the United States, Canada and Mexico.

Over 380,000 trailers were manufactured by around 250 companies in the USMCA (ex-NAFTA) market in 2018, for a combined annual output of $12.8 billion. While a significant part of the industry is accounted for by the top 25 companies, the rest of the industry is fragmented across several small, regional fabricators catering to regional and local demand. Mexican manufacturers are increasing their presence in the North American trailer market, manufacturing not only for their domestic consumption but increasingly for exports into the United States and Latin American markets.

The report, titled Trailer Manufacturing Industry in North America, breaks out the analysis into individual product categories, including dump trailers, tank trailers, transfer/refuse trailers, platform trailers, lowbed trailers, dry van and refrigerated trailers.

Trailer sales are forecast to continue to grow in 2019, albeit at rates lower than the torrid growth in 2018 and 2017. Several trailer manufacturers, especially van trailer manufacturers, are booked out until the third quarter of 2019. While all segments are expected to clock growth in 2019, platform trailers, tanker trailers and dry van trailers will be the better performing products. Refrigerated vans are beginning to see a cooling-off in the pace of new orders.

Specialized and niche trailer segments, such as belt trailers, hopper grain trailers and livestock trailers, move with trends in agricultural production and are expected to display low single-digit growth rates in 2019.

The dump trailer segment is highly fragmented with more than 100 manufacturers. Several manufacturers also fabricate other types of trailers, such as platform, dry van or lowbed trailers. These product types are expected to grow at low single digit rates in the next two years, primarily driven by trends in the construction industry.

On the supply chain side, capacity constraints at the component manufacturer level are impacting delivery schedules and lead times. The import tariff regime imposed since 2017, particularly on steel and aluminum, is beginning to impact demand adversely as manufacturers pay additional tariffs for material imported from China.

Trailer Manufacturing in North America is part of a series of over 30 individual reports on segments of the trailer and vocational truck manufacturing activity in North America available from SpecialtyResearch.net.

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