Overview:

The global refrigerated trailer market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Refrigerated trailer are mainly used to transport the temperature sensitive products/materials from manufacture to end point or end user. Refrigerated trailers are able to transport product to selling point with the required specific temperature in order to keep the food safe. There are two type of refrigerated trailer available in the market viz. chilled refrigerated trailers or trailers with positive temperature range and frozen refrigerated trailers or trailers with negative temperature range.

Market Dynamics:

Flourishing food & beverages sector across the globe, manufactures approach towards increasing the operational efficiency, and growing preference for fresh food products among consumers are major factors driving growth of the global refrigerated trailer market.

In addition, increasing health consciousness among individuals is resulting in high preference for farm fresh fruit and food products across the globe. This is another leading factor driving the market growth. Moreover, changing regulatory scenario related to pharmaceutical sector coupled with demand for temperature sensitive chemicals and antidotes is expected to support growth of the refrigerated trailer market over the forecast period.

Increasing outbreak of various types of viruses is resulting into safe transportation of various drugs and medicines across the globe. This is among the other factor supporting growth of the global market. However, high product cost and high maintenance cost of the refrigerated trailer is expected to affect growth of the global market to a certain extent. In addition, technological glitches associated with refrigeration system are responsible to limit the adoption of refrigerated trailer across the globe.

Key Trends:

Rising focus on technological advancements by key manufactures for lowering the weight of the trailer and introduction of innovative product with advanced features is a key trend witnessed in the global refrigerated trailer market. For instance, HYUNDAI Translead, Inc. has launched HT ThermoTech refrigerated trailer in April 2019. This trailer has high thermal efficiency, more durability, and light weight.

In addition, increased focus on business expansion activities among key players is another key trend expected to drive revenue growth of the target market over the forecast period. For example, Schmitz Cargobull AG has invested around US$ 100 Mn for development of refrigerated trailer plant in Germany in September 2018.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe refrigerated trailer market is expected to contribute major market share in the global refrigerated trailer market owing to growing demand for frozen food in countries in the region. In addition, high presence of key players operating in the region is another factor expected to support growth of the target market in this region.

The North America holds second largest market share followed by the Asia Pacific market. Implementation of stringent government guidelines regarding food safety expected to support growth of the target market in these regions.

Scope of the Report:

Detailed Segmentation:

Global Refrigerated Trailer Market, By Type:

• Frozen
• Chilled

Global Refrigerated Trailer Market, By End Use:

• Dairy
• Fruits and Vegetables
• Meat and Seafood
• Others (Pharmaceuticals and Bakery)

Key Players Covered:

Key players operating in the global refrigerated trailer market include, Wabash National Commercial Trailer Products, Great Dane Trailers, Inc., Utility Trailer Manufacturing Company, Schmitz Cargobull AG., Kogel Trailer GmbH & Co. KG, Fahrzeugwerk Bernard KRONE GmbH, Lamberet Refrigerated SAS, Montracon Ltd., Gray & Adams Ltd., and HYUNDAI Translead, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Refrigerated Trailer Market by type, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global refrigerated trailer market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.