A refrigerated trailer is a trailer that allows for climate-controlled storage. Increasing demand for frozen food among the end-user raises demand for the refrigerated trailer market. The number of applications such as bakery, dairy, beverage, fruit and vegetable, meat products, and others needs to be transported from one place to another. Hence rising demand for the refrigerated trailer market. Increasing the adoption of ready-to-eat food and growing expansion of cold chain capacity fuels the growth of the refrigerated trailer market.
MARKET SCOPE
The "Global Refrigerated Trailer Market Analysis to 2028" is a specialized and in-depth study of the Refrigerated Trailer market with a special focus on the global market trend analysis. The report aims to provide an overview of Refrigerated Trailer market with detailed market segmentation by product type, end-user, and geography. The global Refrigerated Trailer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Refrigerated Trailer market players and offers key trends and opportunities in the Refrigerated Trailer market.
MARKET SEGMENTATION
- On the basis of product type the market is segmented as frozen food, chilled food.
- On the basis of end-user the market is segmented as dairy, fruits and vegetables, meat and sea food, others
MARKET DYNAMICS
Drivers:
- The refrigerated trailer offers more space than refrigerated trucks
- Rising demand and consumption of processed food and growing demand for packaged food
- Implementation of strict norms by the government about food safety and reduce food wastage
Restraint -
- High manufacturing cost and maintenance issues
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Refrigerated Trailer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Refrigerated Trailer market in these regions.
IMPACT OF COVID-19 ON REFRIGERATED TRAILER MARKET
The COVID-19 pandemic impacted the automotive sector drastically due to the standstill of major OEM and supplier factory. Approximately 90% of the factories were closed in China, Europe, and North America. Furthermore, the impact of COVID-19 on large commercial vehicles differed across different regions, subject to technology readiness, changes in consumer behavior, and regulatory developments. The COVID-19 pandemic created a huge demand for frozen, preserved, and packaged food and beverages across the world. This creating a sufficient positive demand for refrigerated trailer market in different corners of the world. Therefore, after the initial negative impact on the supply chain, the global refrigerated trailer market started gaining momentum due to the essentiality of these vehicles in post-pandemic scenarios.
MARKET PLAYERS
The reports cover key developments in the Refrigerated Trailer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Refrigerated Trailer market are anticipated to lucrative growth opportunities in the future with the rising demand for Refrigerated Trailer market. Below mentioned is the list of few companies engaged in the Refrigerated Trailer market.
The report also includes the profiles of key Refrigerated Trailer market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Fahrzeugwerk Bernard KRONE GmbH
- Gray and Adams Ltd.
- Great Dane Trailers, Inc.
- Kogel Trailer GmbH and Co. KG
- Lamberet Refrigerated SAS
- Montracon Ltd.
- Randon Implementos
- Schmitz Cargobull AG.
- Utility Trailer Manufacturing Company
- Wabash National Commercial Trailer Product
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.