The global refrigerated trailer market is projected to expand at a CAGR of 4.4% during the forecast period (2015–2021).The market is segmented on the basis of geographical region, product type and end use.
By product type, chilled was the largest segment in the refrigerated trailer market, accounting for 61.3% share in 2014. On the basis of end use, the market has been segmented into dairy, fruits & vegetables, meat & sea food and others (confectionary, bakery and medicinal products).
Globally, meat & seafood is the predominant end use segment, accounting for 32.6% share in the global refrigerated trailer market in 2014 and is expected to account for 31.7% share by 2021 due to increasing demand for packaged meat and seafood across the globe.
The global refrigerated trailer market has been segmented into five major regions, which include North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. North America was the largest market for a refrigerated trailer, accounting for over 30% share in 2014. Western Europe ranked second with over 27% market share in 2014, followed by APAC. Asia Pacific is anticipated to be the fastest growing region in the refrigerated trailer market over the forecast period. Key market participants covered in the report includeWabash National Commercial Trailer Products, Great Dane Trailers, Inc., Utility Trailer Manufacturing Company, Schmitz Cargobull AG, Fahrzeugwerk Bernard KRONE GmbH, Kögel Trailer GmbH & Co. KG, Lamberet Refrigerated SAS, Montracon Ltd., Gray & Adams Ltd. and Randon Implementos.
Refrigerated trailers are thermally-insulated temperature-controlled food-grade vehicles deployed with a sophisticated refrigeration unit. The trailer is dragged by a traction unit and can be used both for road and rail transportation. Refrigerated trailers are available in two different temperature ranges-negative temperature range for carrying frozen food products and positive temperature range for chilled ones. Various types of refrigerated trailers are available based on parameters such as length, load capacity, pallet capacity and number of the deck. Refrigerated trailers are an important part of the cold chain and are used in the transportation of perishable products such as flowers, fruits and vegetables, fish, meat, dairy and poultry products.
Refrigerated trailers find application in the pharmaceutical industry for shipping of medications that need to be maintained within a specific temperature range. The report offers updates on the advancements in the global refrigerated vehicles industry that have given rise to increased utilization of refrigerated trailers. This report covers Refrigerated trailer market performance in terms of value and volume contribution. The report analyzes the key trends, drivers, restraints, and opportunities, which are influencing the refrigerated trailer market. Key driving factors identified in the global refrigerated trailer market include expansion of cold chain capacity to boost demand for efficient refrigerated transportation and increasing the capital expenditure of third-party logistics business across the globe. However, increasing trucking operational costs, the close proximity of transportation destinations and lack of government legislation and infrastructure in emerging economies could pose challenges to the growth of the market. On the basis of end use, meat & seafood is the predominant end use segment, globally.
Accounting for 32.6% share in the global refrigerated trailer market in 2014 and is expected to account for 31.7% share by 2021 due to increasing demand for packaged meat and seafood across the globe. On the basis of regions, North America was the largest market for refrigerated trailers, accounting for 30% share in 2014. Western Europe ranked second with over 27% market share in 2014, followed by APAC. Asia Pacific is anticipated to be the fastest growing region in the refrigerated trailer market over the forecast period.
The refrigerated trailer market is segmented into: