Refrigerated Trailer Market, By Product Type (Frozen and Chilled), End-use Industry (Diary, Fruit& Vegetables, Meat & Seafood and Others(Medicines, Bakery, etc.)), and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
A refrigerated trailer is a part of van or truck used to transport perishable goods at specific temperature. Refrigerated trailers are available in two different ranges namely positive temperature range for chilled ones and negative temperature range for carrying frozen food products. Refrigerated trailers are designed Refrigerated trucks are used for transportation of perishable products such as fish, meat, vegetables, fruits, flowers, dairy products, and poultry products. Moreover, these trucks are used by shippers to make products fresh by providing them temperature and also protect these products and materials against any damage. The most commonly used refrigerated trailers or trucks are 16 m (53’) long, with height of around 2.5 m for single deck and over 4 m for a double deck. This, in turn, these factors are expected to drive the growth of global refrigerated trailer market.
Increased demand for perishable products such as fruits, vegetables, meat and seafood is the major factor driving the growth of global refrigerated trailer market. The rising demand for various dairy products is also affecting the demand of this market. Consumers all over the world are consuming dairy products in their everyday diet as a good source of proteins and minerals. Consumption of dairy products is increasing due to easy availabity in the market. The transportation of the dairy products required cold chains and refrigerated trucks with temperature controlled environment in order to prevent products from spoilage and maintains safety. Rising health awareness regarding dairy products such as cheese and milk is also leading the market of refrigerated trucks. According to the U.S. Department of Agriculture, in 2019, annual milk production in the U.S. reached 218,322 mil lb., increased from 215,527 mil lb. in 2017. Moreover, according to Our World in Data, an online publication journal, global milk production reached 800 million ton in 2018.
Government of various emerging economies in Asia-Pacific region such as India and China are focused on improving food preservation and transportation, and also increasing food safety. They have started to implement stringent regulatory policies and norms in food and beverage sector. This, in turn, is expected to drive the demand for effective refrigerated trailers owing to high demand for perishable food and dairy products in this region. Logistics companies are designed with advanced technology to identify changing consumers demands and which help in improving efficiency by using these refrigerated trailers. Hence, these factors are expected to support the global refrigerated trailer market in the near future.
This report segments the global refrigerated trailer market on the basis of by product type, by end-use industry, and region. On the basis of product type, the global refrigerated trailer market is segmented into Frozen and Chilled. On the basis of end-use industry, global refrigerated trailer market is segmented into Diary, Fruit& Vegetables, Meat & Seafood and Others (Medicines, Bakery, etc.). On the basis of region, global refrigerated trailer market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.
Key features of the study:
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