Home >> News >> Business >> Refrigerated Trailers Market is expected to register the highest CAGR according to market forecasts

Refrigerated Trailers Market is expected to register the highest CAGR according to market forecasts

According to a new market research report published by Credence Research “Refrigerated Trailers Market (by Functionality: Sub-zero Trailers and Chiller Trailers; by Number of Axles: Single Axle and Multi-axle; by End-user: Meat & Fish, Fruits & Vegetables, Dairy Products, Medical & Healthcare and Others (Flora, Baked Goods, Beverages, etc.)) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the refrigerated trailers market was valued US$ 5.97 Bn in 2017 and estimated to grow with a CAGR of 4.7% during the forecast period from 2018 to 2026.

Market Insights

Early millennial still prefer fresh and homemade food and consequently restricted the growth of cold chain supply. However, later generations are more inclined towards frozen and refrigerated consumable compared to fresh products owing to the convenience and availability associated with them. This opened new gates for cold chain supply and encouraged companies to procure refrigerated trailers as their main mode of transport through roads. The demand for such food and beverages is not expected to cease anytime soon therefore expected to encourage growth of refrigerated trailers in coming years. The use of refrigerated trailers is not restricted to only food and beverages but extend their services to medical, healthcare and other carriers including flora. Wide range of end-use and unavailability of alternative solution projected to drive the market at a considerable rate during and beyond the forecast period from 2018 to 2026.

The complete report is available at https://www.credenceresearch.com/report/refrigerated-trailers-market

Government and auxiliary organizations constantly monitor activities associated with public health and safety and consequently framed stringent laws and regulation for refrigerated food and transportation. This inspired refrigerated trailer manufacturer to upgrade their products in accordance to the guidelines and encouraged cold chain participants to incorporate such trailers into their fleets. The European Union is quite cautious regarding the quality of food for consumption & wastage and consequently emerged as a leader in overall refrigerated trailers market. The region is closely followed by North America in terms of market value. However, Asia Pacific expected to appear as the most lucrative market owing to changing lifestyles and significant rise in disposable income in developing countries. Predominance of young population and fast-paced lifestyle are few of the most vital factors for the market growth consequently, the Asia Pacific projected to surpass another region beyond forecast period.

Competitive Insights:

Some of the world’s most prominent trailer manufacturers participate in the global refrigerated trailers manufacturers. Few of these players have dedicated on the shelf product line for various end-user. However, several companies provide custom-made solution to cater 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. Few of the major notable players profiled in this research study include Great Dane LLC, Fahrzeugwerk Bernard KRONE GmbH, Wabash National Commercial Trailer Product, Utility Trailer Manufacturing Company, Kogel Trailer GmbH & Co. KG, Schmitz Cargobull AG., Montracon Ltd., Lamberet Refrigerated SAS, Gray & Adams Ltd., and Randon Implementos among others.

Key Analysis Covered:

  • Latest trends in refrigerated trailers market and growth prospects for refrigerated trailer manufacturers
  • Stringent government regulations and growing demand for frozen foods creating a positive impact on refrigerated trailers market
  • Different type and availability used to provide cooling solution during road transportation and their market estimations
  • Largest and fastest growing segments in terms of functionality, number of axles, and end-user
  • Most prominent geographical regions/ countries for the refrigerated trailers market

ToC:

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Refrigerated Trailers Market
2.2 Global Refrigerated Trailers Market, by Functionality
2.3 Global Refrigerated Trailers Market, by Number of Axles
2.4 Global Refrigerated Trailers Market, by End-user
2.5 Global Refrigerated Trailers Market, by Geography

Chapter 3 Market Dynamics
3.1 Global Refrigerated Trailers Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Growing Demand for Processed and Ready-to-eat Food Products
3.1.1.2 Stringent Government Regulation for Food Safety & Wastage
3.1.1.3 Growing Significance of Third-party Logistics
3.1.2 Market Challenges
3.1.2.1 Bigger Carbon Foot-print and Higher Energy Consumption
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players…….

Browse here for full report with Toc: https://www.credenceresearch.com/report/refrigerated-trailers-market

Also you can request us for sample in pdf with more details and graph: https://www.credenceresearch.com/sample-request/59269

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Contact Us:

Credence Research Inc.

105 N 1st ST #429

SAN JOSE

CA 95103

United States

Toll Free (US/CANADA): +1-800-361-8290

Web: https://www.credenceresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *