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North American semi-trailer market integration accelerates

Aug 31, 2021

With the economic recovery brought about by the economic stimulus plan, local consumer demand in the United States has been released. At the same time, the new crown epidemic has reshaped consumers' consumption habits. E-commerce logistics demand has increased significantly, especially the e-commerce logistics of fresh food has increased significantly. North America The semi-trailer market orders are booming.

The American Freight Research Company (hereinafter referred to as "FTR") stated in the FTR quarterly outlook webinar that the volume and price of the North American freight market are rising, and it is very optimistic about the North American semi-trailer market in the next five years.

On a year-on-year basis, the North American trailer manufacturing volume in 2020 is about 210,000 units. FTR is expected to manufacture nearly 300,000 units in 2021, increase to 320,000 units in 2022, and again to 330,000 units in 2023. The output from 2024 to 2025 will ease to 305,000 units and 285,000 units respectively.

The recovering economy and the surge in consumer demand have put greater pressure on the supply chain. In the face of rising global commodity and raw material prices, the supply chain is in a tense situation, and the semi-trailer market is in short supply.

Due to tight supply chains, rising raw material prices, and human resource allocation, the development of local semi-trailer manufacturers in North America is restricted, and they are unable to carry out order production and product delivery according to planned production capacity. Even if the market rebounds rapidly, production and manufacturing capabilities Recovery is slow. Under this circumstance, the competitive landscape of the North American semi-trailer market may accelerate integration.

At a critical time when local manufacturers are unable to resume production, in the face of accelerated market integration, as a global leader in high-end semi-trailer and special-purpose vehicle manufacturing, CIMC Vehicles is the only CIMC vehicle in the industry that has achieved a global business layout and a digital global supply chain management layout. It will increase production efficiency and reduce raw material costs through improved scale effects and synergy effects, which will be able to increase production efficiency and deliver orders more quickly, and continue to increase market share and profitability in overseas markets.

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