Global Refrigerated Vehicle Market Overview:
Refrigerated vehicles are used for transportation of vulnerable food, pharmaceutical and healthcare products. The increasing population and consumer spending on food products has surged their production globally. Among food products, dairy products and fresh fruits and vegetables require cold storage and transportation for their sustainability. According to AMA, the Global Refrigerated Vehicle market is expected to see growth rate of 5.9% and may see market size of USD20.19 Billion by 2024.
- Increasing International Trade of Perishable Commodities
- Technological Innovations in Refrigerated Systems and Equipment
- Increase in the Use of Advanced Cold Rooms
- The Growth in Demand for Frozen Perishable Commodities
- Lack of Transport Infrastructure Connectivity and Skilled Manpower in Developing Economies
- The High Growth of Connected Logistics to Save Fuel Costs
- Integration of Multi-Temperature Systems in Trucks and Trailers
- Maintaining Product Integrity During Transportation of Perishable Commodities
- Rising Fuel Costs and High Capital Investment Requirement
Some of the key players profiled in the report are Carrier Corporation (France), CMA CGM (France), GAH (Refrigeration) Ltd. (United Kingdom), Maersk Line (Denmark), Daikin Industries (Japan), Ingersoll-Rand (Ireland), China International Marine Containers (China), Utility Trailer (United States), Singamas Container (China), Hyundai (South Korea), Schmitz Cargobull (Germany), Fahrzeugwerk Bernard Krone (Germany), Kögel Trailer (Germany) and Great Dane (United States). Additionally, following companies can also be profiled that are part of our coverage like Webasto (Germany), Wilhelm Schwarzmuëller (Austria), Bay & Bay Trucking (United States) and Lamberet (France). Analyst at AdvanceMarketAnalytics see Global Manufacturers to retain maximum share of Global Refrigerated Vehicle market by 2024. Considering Market by Mode of Transportation, the sub-segment i.e. Roadways will boost the Refrigerated Vehicle market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Refrigerated Vehicle market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Refrigerated Vehicle market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Regulatory Authorities and Associations, Infrastructure Providers, Raw Material Suppliers, Component Suppliers/Distributors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.