Reefer Trucks are primarily designed to carry consumable goods at specific temperatures. Reefer trucks are ice cooled, equipped with a variety of mechanical refrigeration systems. These systems are powered by small displacement diesel engines and carbon dioxide employed as a cooling agent. These trucks are mainly used to carry pharmaceutical and healthcare products, as they need protection from heat to maintain chemical formulations. It is also extensively used to carry goods such as dairy, meat, fruits, and vegetables, among others.According to AMA, the market for Reefer Truck is expected to register a CAGR of 9.0% during the forecast period to 2025. This growth is primarily driven by Increasing International Trade of Perishable Commodities, Technological Innovations in Refrigerated Systems and Equipment, Increased Demand for Frozen Perishable Commodities and Increase in the Use of Advanced Cold Rooms.
Major Manufacturers, such as China International Marine Containers (Group) Co., Ltd. (China), Schmitz Cargobull AG (Germany), LAMBERET SAS (France), Wabash National Corporation (United States), Jean CHEREAU S.A.S. (France), Hyundai Translead (United States), HKgel Trailer GmbH & Co. KG (Germany), KRONE GMBH & CO. KG (Germany), GRW Tankers and Trailers (South Africa) and Great Dane LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Recently, Schmitz Cargobull has invested 100 Million € for the Vreden factory. This investment is for the expansion of business and to strengthen its production of refrigerated vehicles. Due to this investment, the company will produce 100 refrigerated vehicles per day instead of 76.
The STHAF arose out of the Sanitary Food Transportation Act of 2005 and Food Safety and Modernization Act of 2011. The STHAF addresses preventive principles for keeping food uncontaminated, safe, and unadulterated during transportation. It is important to note that the rule is designed to address and maintain the SAFETY of food, not to ensure the quality of freshness.
- Increasing International Trade of Perishable Commodities
- Technological Innovations in Refrigerated Systems and Equipment
- Increased Demand for Frozen Perishable Commodities
- Increase in the Use of Advanced Cold Rooms
OpportunitiesThe Rising Demand From Emerging Economies
ChallengesRising Fuel Costs and High Capital Investment Requirement and Lack of Transport Infrastructure Support in Emerging Markets and Skilled Resources in Developed Markets
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