Refrigerated Trailer Market Scope
Upsurge in demand for packaged food, improved efficiency of refrigerated trailers, and higher reliability necessities of food consumers will help to boost global refrigerated trailer market. A refrigerated trailer is a part of van or truck designed to transfer fresh delivery at specific temperatures. Rising urbanization tied with an increasing middle-class population is leading to the growing adoption of ready-to-eat food. The growing practice of nuclear family setups along with expanding women in the workforce does not leave a suitable time for fresh cooking on a regular basis. These are key factors of global refrigerated trailer market. moreover, growing demand for perishable food including vegetables, fruits, meat, and seafood, cold chain capability is anticipated to enlarge significantly particularly in developing countries.
The market study is being classified by Type (Frozen Food and Chilled Food), by Application (Dairy, Fruits & Vegetables, Meat & Seafood and Others) and major geographies with country level break-up. According to AMA, the Global Refrigerated Trailer market is expected to see growth rate of 4.8%
To gain the market share global refrigerated trailers market some of the key players have dedicated on the shelf product line for various end-user. However, several companies provide a custom-made solution to cater to the specific temperature or capacity needs of customers. Continuous upgrading and keeping food products safe from microbes is a vital strategy adopted by almost every contender in this challenging market. Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global Refrigerated Trailer market throughout the predicted period.
Wabash National Commercial Trailer Product (United States), Great Dane Trailers, Inc. (United States), Utility Trailer Manufacturing Company (United States), Schmitz Cargobull AG. (Germany), Kogel Trailer GmbH & Co. KG (Germany), Fahrzeugwerk Bernard KRONE GmbH (Bernard Krone Holding) (Germany), Lamberet Refrigerated SAS (France), Montracon Ltd. (United Kingdom), Gray & Adams Ltd. (United Kingdom) and Randon Implementos (Brazil) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Otokar (Turkey), Montracon (United Kingdom) and Kogel Trailer (Germany).
AdvanceMarketAnalytics has segmented the market of Global Refrigerated Trailer market by Type, Application and Region.
On the basis of geography, the market of Refrigerated Trailer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Size, the sub-segment i.e. Mini will boost the Refrigerated Trailer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 25th February 2019, Wabash National Corporation has introduced its latest Supreme and Wabash National truck body innovations at the upcoming NTEA Work Truck Show in Indianapolis. The company will demonstrate its latest customer-focused solutions from groundbreaking technology in refrigerated transport to fitting options and industry-specific packages.
- High Demand Due To Government Initiatives to Control Food Wastage
- Upsurge In Third-Party Logistics Business Internationally
- Growing In Demand for High-Quality Preserved Food
- High Adoption Due To Extensive Use of Refrigerated Trailer in Cold Chain Space
- Surge Food Safety and Decrease Food Wastage Particularly In Developing Countries
- Expanding Initiatives to Manufacture Low-Weight Vehicles
- Stringent Government Regulation
Key Target AudienceManufactures, Suppliers and Distributors, Regulatory Bodies, Government and Private Research Organizations and Others
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