Rising Uptake of Ready-to-eat Food to Benefit Global Refrigerated Trailer Market During 2017-2021

A refrigerated trailer is a section of truck or van intended to transport new consignment at particular temperatures. The worldwide market is anticipated to foresee noteworthy expansion over the estimates period, due to extensive utilization of refrigerated trailer in frosty chain space, popularity for package food and growth in third-party logistics business worldwide.

The global market for the refrigerated trailer was estimated US$ 5,889.7 Million during 2017 and is expected to account for a market estimation of US$ 7,171.4 Million through 2021. The overall market is moreover estimated to expand at a 5.05% CAGR during the calculated period of 2017-2021.

On the basis of the product type, the global market is segmented into chilled and frozen refrigerated trailers. Among these two, the chilled refrigerated trailers are expected to capture the maximum market share owing to higher amount of uptake of fresh foods. However, in growth rate terms, the frozen refrigerated trailers will be dominating the global market in the approaching years.

In terms of end use, the global market is categorized into fruits & vegetables, meat & seafood, dairy and others. Amid these, the meat & seafood category is expected to lead the end use category all through the assessment period chiefly due to increasing requirement for boxed up meat and seafood worldwide. In market share terms, the fruits and vegetables category will be the second largest category trailed by dairy worldwide. On the other hand, the others category which includes baked goods, medical as well as other temperature-susceptible items is expected to witness growth since transit of these items is regulated through food safety legislative acts particularly in developed nations such as Europe and the U.S..

The prominent regions studied under the global market for refrigerated trailer includes Latin America, North America, MEA, Asia Pacific, and Europe. North America regional market is anticipated as the dominating market for the refrigerated trailers owing to higher uptake of packaged food which requires to be carried in stringent regulations and secure cold chains that supervise secure transit of food intended for human uptake. Latin America regional market is projected to reflect noteworthy expansion during 2017-2021 owing to rising level of transit of fresh foods. On the other hand, the Asia Pacific regional market is projected to reflect the leading expansion pace in the years to follow.

The prominent market players functional in the global market for refrigerated trailers include

Great Dane Trailers, Inc., Wabash National Commercial Trailer Products,, Schmitz Cargobull AG., Utility Trailer Manufacturing Company., Kögel Trailer GmbH & Co. KG., Fahrzeugwerk Bernard KRONE GmbH., Montracon Ltd., Lamberet Refrigerated SAS., Randon Implementos., Gray & Adams Ltd., Others

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