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Refrigerated Trailer Market - Forecast(2023 - 2028)
Overview
Refrigerated Trailer Market is forecast to reach $8.4 billion by 2024, after growing at a CAGR of 4.5% during 2019-2024. Increased government initiatives to control food wastage, enhance the efficiency of refrigerated trailers and higher reliability requirements of food consumers are the major factors that will further elevate the overall growth for Refrigerated Trailer Market during the forecast period 2019-2025.
Report Coverage
The report: “Refrigerated Trailer Market – Forecast (2019-2024)”, by IndustryARC, covers an in-depth analysis of the following segments of the Refrigerated Trailer Market.
Key Takeaways
- Asia-Pacific dominates the Refrigerated Trailer market owing to the high demand for sea food for packaged and frozen meat and sea food in this region.
- Large scale demand for packaged food and transformed lifestyle and eating patterns worldwide have significantly contributed towards fuelling the growth of refrigerated trailer market.
- Industry verticals such as medical and healthcare are further driving the demand for refrigerated trailers owing to the need to carry medicines and other products to various places. Moreover, refrigerated trailers aid in shipping perishable flora commodities including flowers, crop produce and others.
- Refrigeration intricacies might pose a major challenge for the Refrigerated Trailer Market. Temperature control, ventilation, humidity, packaging are crucial and different at the same time for different items being transported, hence need to be monitored carefully.
Type of Product - Segment Analysis
Chilled food segment held the largest share in the Refrigerated Trailer market in 2018. As per the stats of Chilled Foods Association, the sales of chilled vegetables have increased up to 19.5% in 2017. Other chilled food items such as chilled fruits witnessed an increase of 8.6%, thereby elevating the demand for refrigerated trailers.
Application - Segment Analysis
Meat and Sea Food sector has been the primary market for Refrigerated Trailer for many years. The demand for frozen seafood and meat has increased significantly during the last few years. The sales of frozen seafood in UK has increased from 847,715 units in 2016 to 909,998 in 2018 according to the stats of Seafood Organization. This increased demand has consequently propelled the growth of Refrigerated trailers market during the forecast period 2019 – 2025. There has been an increase in application of refrigerated trailers in cold chain space globally. Furthermore, high food wastage has grabbed the attention of governments of different countries towards the use of cold chain capacity. This, in turn has contributed significantly towards boosting the refrigerated trailer market growth.
Geography - Segment Analysis
APAC dominated the Refrigerated Trailer market with a share of more than 40%, followed by Europe. High demand in this region is attributed to the increasing investments in cold chains to drive the frozen food market. According to the New Food Magazine the frozen food market is poised to reach $282 billion in 2023, which will subsequently drive the demand for refrigerated trailers. Packaging and shelf-life enhancement have presented further growth opportunities for frozen food market. As a result, companies in the APAC region are investing in technologies such as refrigerated trailers to store refrigerated food stuffs for longer durations.
Drivers & Opportunities– Refrigerated Trailer Market
- Increasing Investments by Companies in cold chain technologies
Emerging economies such as China and India are offering several opportunities for market expansion. Market growth is accredited to investments in cold chain technologies and shift in preference of consumers towards packaged and frozen food.
- Emergence of online grocery shopping apps
Online grocery shopping apps in the retail sector are propelling the growth of refrigerated trailer market. In the wake of technological advancements, internet and smartphone usage consumers prefer online grocery shopping which is favouring the growth of market for refrigerated trailers.
Challenges – Refrigerated Trailer Market
- Temperature Intricacies
The need for maintaining a constant temperature for the sustainability of frozen foods act as a major restraining factor for the market. Temperature – controlled freight carriers working in a rapidly changing work environment due to new Food Safety Modernization Act and increasing complexity of reefer units are some of the other hindrances for the refrigerated trailer market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Refrigerated Trailer market. In 2018, the market of Refrigerated Trailer has been consolidated by the top five players accounting for xx% of the share. Major players in the Refrigerated Trailer Market are General Mills Inc. (US), Nestle SA (Switzerland), Conagra Brands Inc. (US), Unilever (Netherlands), Kellogg Company (US), Ajinomoto (Japan), Grupo Bimbo S.A.B. DE C.V. (Mexico), The Kraft Heinz Company (US), Lantmannen Unibake International (Denmark) and McCain Foods Limited (Canada), among others.
Acquisitions/Technology Launches
- In April 2019, Hyundai Trnsled has introduced a new HT ThermoTech refrigerated trailer designed for greater durability, increased thermal efficiency and lighter weight. This trailer complies with the regulations about maintaining temperature in an efficient manner.
- In September 2018, Schmitz Cargobull, one of the key players of the market, announced to invest an amount worth $100 million for establishing a refrigerated trailer plant in Germany aiming to expand its business and gain the leadership in refrigerated trailer market by 2025.
1. Refrigerated Trailer Market - Overview
1.1 Definitions and Scope
2. Refrigerated Trailer Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Refrigerated Trailer Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Refrigerated Trailer Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Refrigerated Trailer Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Refrigerated Trailer Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Refrigerated Trailer Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Refrigerated Trailer Market - By Product Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
8.3.1 Frozen Food
8.3.2 Chilled Food
9. Refrigerated Trailer Market - By End User (Market Size -$Million / $Billion)
9.1 Dairy
9.2 Fruit Vegetable
9.3 Meat Sea Food
10. Refrigerated Trailer - By Application (Market Size -$Million / $Billion)
11. Refrigerated Trailer- By Geography (Market Size -$Million / $Billion)
11.1 Refrigerated Trailer Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Refrigerated Trailer- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Refrigerated Trailer- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Refrigerated Trailer - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Refrigerated Trailer - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Refrigerated Trailer Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Refrigerated Trailer Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Refrigerated Trailer Market - Key Company List by Country Premium
15. Refrigerated Trailer Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Fahrzeugwerk Bernard Krone Gmbh
15.3 Gray Adam Ltd
15.4 Great Dane Trailers, Inc
15.5 Kogel Trailer Gmbh Co. Kg
15.6 Lamberet Refrigerated Sa
15.7 Montracon Ltd
15.8 Randon Implementos
15.9 Schmitz Cargobull Ag
15.10 Utility Trailer Manufacturing Company
15.11 Wabash National Commercial Trailer Product
15.12 Company 11
15.13 Company 12 & More
16.1 Abbreviations
16.2 Sources
17. Refrigerated Trailer Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Refrigerated Trailer Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Refrigerated Trailer Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Refrigerated Trailer Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Refrigerated Trailer Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Refrigerated Trailer Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Refrigerated Trailer Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Refrigerated Trailer Market - By Product Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
8.3.1 Frozen Food
8.3.2 Chilled Food
9. Refrigerated Trailer Market - By End User (Market Size -$Million / $Billion)
9.1 Dairy
9.2 Fruit Vegetable
9.3 Meat Sea Food
10. Refrigerated Trailer - By Application (Market Size -$Million / $Billion)
11. Refrigerated Trailer- By Geography (Market Size -$Million / $Billion)
11.1 Refrigerated Trailer Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Refrigerated Trailer- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Refrigerated Trailer- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Refrigerated Trailer - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Refrigerated Trailer - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Refrigerated Trailer Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Refrigerated Trailer Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Refrigerated Trailer Market - Key Company List by Country Premium
15. Refrigerated Trailer Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Fahrzeugwerk Bernard Krone Gmbh
15.3 Gray Adam Ltd
15.4 Great Dane Trailers, Inc
15.5 Kogel Trailer Gmbh Co. Kg
15.6 Lamberet Refrigerated Sa
15.7 Montracon Ltd
15.8 Randon Implementos
15.9 Schmitz Cargobull Ag
15.10 Utility Trailer Manufacturing Company
15.11 Wabash National Commercial Trailer Product
15.12 Company 11
15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Refrigerated Trailer Market - Appendix16.1 Abbreviations
16.2 Sources
17. Refrigerated Trailer Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends