The STHAF arose out of the Sanitary Food Transportation Act of 2005 and Food Safety and Modernization Act of 2011. The STHAF addresses preventive principles for keeping food uncontaminated, safe, and unadulterated during transportation. It is important to note that the rule is designed to address and maintain the SAFETY of food, not to ensure the quality of freshness.
The article cited AMA's Global Reefer Truck Market Study explored substantial growth with CAGR of 9.0%. Increasing International Trade of Perishable Commodities
is also expected to contribute significantly to the Reefer Truck market. Overall, Dairy Products
applications of Reefer Truck, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Reefer Truck market identified that the demand is rising in many different parts of the world as "The Rising Demand From Emerging Economies" Furthermore, some recent industry insights like "Recently, Schmitz Cargobull has invested 100 Million € for the Vreden factory. This investment is for the expansion of business and to strengthen its production of refrigerated vehicles. Due to this investment, the company will produce 100 refrigerated vehicles per day instead of 76." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Reefer Truck market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Reefer Truck market and other related sub-markets covered in the study.
o Key & emerging players in the Reefer Truck market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Reefer Truck market size is calculated using market estimation process, the Reefer Truck market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Reefer Truck market size has been validated using both top-down and bottom-up approaches.