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In a latest market research report announced by Credence Research “Refrigerated Trailers Market ( by Number of Axles: Single Axle and Multi-axle; by Functionality: Sub-zero Trailers and Chiller Trailers; by End-user: Meat & Fish, Medical & Healthcare. Fruits & Vegetables, Dairy Products, and Others (Baked Goods, Flora, Beverages, etc.)) - Growth, Future Prospects, and Competitive View, 2018-2026”, the refrigerated trailers market was valued US$ 5.97 Bn in 2017 and expected to grow with a CAGR of 4.7% throughout the projection period from 2018 to 2026.Market Insights
Early millennial still prefer fresh and homemade food and consequently limited the growth of cold chain supply. But, later generations are more likely towards frozen and refrigerated consumable compared to fresh products owing to the accessibility and availability associated with them. This began new gates for cold chain supply and inspired companies to procure refrigerated trailers as their main mode of transport through roads. The need for such food and beverages is not supposed to cease anytime soon therefore supposed to encourage the growth of refrigerated trailers in the next years. The use of refrigerated trailers is not limited to only food and beverages but extend their services to healthcare, medical, and other carriers including flora. Wide range of end-use and unavailability of alternative solution forecasted to drive the market at a significant rate during and beyond the forecast period from 2018 to 2026.
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North America and Europe Mark more than 50% of the Total Refrigerated Trailers Market
Huge consumption of meat, fish and dairy products coupled with rigorous food safety and wastage guidelines led Europe and North America to top of the demand podium. The combined market worth of both the regions develops more than 50% of the total market share. The dominance of Europe forecasted to continue throughout the forecast period with North America Trailing closely. Climatic condition, low yielding developed countries and developing tourism and hospitality sectors are few of the several factors responsible for the market growth. Asia Pacific is the home to few of the fastest growing economies including China and India. With economic development demand for cold chain supply is also observing notable growth in these countries. Consequently, the region projected to grow with CAGR above North America and Europe in coming years.
Company Profiles:
Wabash National Commercial Trailer Product
Montracon Ltd.
Lamberet Refrigerated SAS
Great Dane LLC
Fahrzeugwerk Bernard KRONE GmbH
Gray & Adams Ltd
Utility Trailer Manufacturing Company
Kogel Trailer GmbH & Co. KG
Schmitz Cargobull AG.
Randon Implementos
Market Segmentation
by Functionality
Chiller Trailer
Sub-zero Trailer
by Number of Axle
Multi-axle
Single Axle
by End-user (2016–2026; US$ Bn)
Fruits & Vegetables
Dairy Products
Meat & Fish
Medical & Healthcare
Others (Flora, Baked Goods, Beverages, etc.)
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ToC:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
3.1 Global Refrigerated Trailers Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Growing Demand for Processed and Ready-to-eat Food Products
3.1.1.2 Stringent Government Regulation for Food Safety & Wastage
3.1.1.3 Growing Significance of Third-party Logistics
3.1.2 Market Challenges
3.1.2.1 Bigger Carbon Foot-print and Higher Energy Consumption
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players
Chapter 4 Global Refrigerated Trailers Market Analysis, by Functionality
4.1 Overview
4.1.1 Global Refrigerated Trailers Market Value Share, by Functionality, 2017 & 2026 (Value, %)
4.1.2 Global Refrigerated Trailers Market Value, by Functionality, 2016 – 2026 (US$ Bn)
4.2 Sub-zero Trailer
4.2.1 Global Sub-zero Trailers Market, 2016 – 2026 (US$ Bn)
4.3 Chiller Trailer
4.3.1 Global Chiller Trailers Market, 2016 – 2026 (US$ Bn)
Chapter 5 Global Refrigerated Trailers Market Analysis, by Number of Axles
5.1 Overview
5.1.1 Global Refrigerated Trailers Market Value Share, by Number of Axles, 2017 & 2026 (Value, %)
5.1.2 Global Refrigerated Trailers Market Value, by Number of Axles, 2016 – 2026 (US$ Bn)
5.2 Single Axle
5.2.1 Global Single Axle Refrigerated Trailers Market, 2016 – 2026 (US$ Bn)
5.3 Multi-axle
5.3.1 Global Multi-axle Refrigerated Trailers Market, 2016 – 2026 (US$ Bn)
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Related reports:
Global Refrigerants Market : https://www.credenceresearch.com/report/refrigerants-market
Commercial Refrigeration Equipment Market: https://www.credenceresearch.com/report/commercial-refrigeration-equipment-market
Beverage Dispensers Market: https://www.credenceresearch.com/report/beverage-dispenser-market
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