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Refrigerated Trailer Market to Witness Steady Growth at 4.8% CAGR During 2022

A refrigerated trailer is a part of van or truck designed to carry fresh consignment at specific temperatures. The global market is projected to witness significant growth during the forecast period, owing to wide use of refrigerated trailer in cold chain space, high demand for package food, and rise in third-party logistics business globally.

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Refrigerated Trailer Market to Witness Steady Growth at 4.8% CAGR During 2022

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Top Impacting Factors of Refrigerated Trailer Market Global Opportunity Analysis and Industry Forecast, 2016-2023 Pages: 93 Tables: 32 Charts: 32

  2. REFRIGERATED TRAILER MARKET Refrigerated Trailer Market Report, published by Allied Market Research, states that the global refrigerated trailer market was valued at 5,588 million in 2015, and is expected to reach $7,658 million by 2022, growing at a CAGR of 4.8% from 2016 to 2022. In 2015, North America dominated the market and contributed more than 41% of the overall market revenue, followed by Europe. Presence of key market players in the U.S. and Europe, rapid industrialization, primarily in manufacturing sectors, and increase in demand for high-quality preserved food have fueled the growth of refrigerated trailer market. However, high trucking cost is the major restraint of the market. Access Full Summary at: https://www.alliedmarketresearch.com/refrigerated-trailer-market Chilled food is major product type of refrigerated trailer, accounting for nearly 62% of the total product type of the refrigerated trailer in 2015, followed by frozen food. Frozen food type segment is expected to dominate the market in the future, which is an important product type and has an impact on numerous parameters of the refrigerated trailer. North America is expected to dominate the global refrigerated trailer market during the analysis period, owing to the increase in demand for packaged food products in the U.S. and Canada. Refrigerated trailers are extensively used in the food sector in North America and Europe. However, Asia-Pacific and LAMEA regions are expected to grow rapidly, owing to the increasing adoption of these trailers in frozen food, chilled food, and cold chain space.

  3. REFRIGERATED TRAILER MARKET According to Sheetanshu Upadhyay, Research Analyst, Automotive & Transportation Research at Allied Market Research, Refrigerated trailers are innovative and reliable containers that are expected to witness notable growth in the coming years. This is due to their competitive advantages such as ideal temperature and humidity level compared to other batteries. Increasing applications of refrigerated trailers in the frozen & chilled food industry (meat & seafood) is expected to boost in the future. The global refrigerated trailer market by end user is divided into dairy, fruits & vegetables, meat & seafood, and others (medical products, confectionary, and bakery). Currently, meat & seafood generated highest revenue for this market, owing to high adoption in cold chain space and frozen food products. However, fruits & vegetables is expected to be the most lucrative consumers, due to rise in demand for fresh frozen and chilled food in China, U.S., and India. Download Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/1934

  4. REFRIGERATED TRAILER MARKET • Key Findings of the Refrigerated Trailer Market • The chilled food segment led the overall market revenue in 2015, and is projected to grow at a CAGR of 4.50%. • Fruits & vegetables segment is expected to exhibit rapid growth during the forecast period. • In 2015, North America led the global market; however, Asia-Pacific is expected to witness the highest CAGR. • In 2015, China led the overall Asia-Pacific market, with about one-third share.

  5. REFRIGERATED TRAILER MARKET

  6. REFRIGERATED TRAILER MARKET Global Refrigerated Trailer Market, By End User

  7. REFRIGERATED TRAILER MARKET Top Impacting Factors

  8. REFRIGERATED TRAILER MARKET • Key Players • Wabash National Commercial Trailer Product • 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 • RandonImplementos. • Enquiry and Purchase Report: https://www.alliedmarketresearch.com/purchase-enquiry/1934

  9. REFRIGERATED TRAILER MARKET • Contact: • David Correa • 5933 NE Win Sivers Drive • #205, Portland, OR 97220 • United States • Toll Free (USA/Canada): • +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 • UK: +44-845-528-1300 • Hong Kong: +852-301-84916 • India (Pune): +91-20-66346060 • Fax: +1⟨855⟩550-5975 • help@alliedmarketresearch.com • Web: https://www.alliedmarketresearch.com

  10. REFRIGERATED TRAILER MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/refrigerated-trailer-market Follow Us On

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