What is Trailer Refrigeration System?
Trailer Refrigeration System, also known as a reefer, has a refrigeration unit in the front that can heat or cool the load depending on the ambient temperature. It enables the transport of temperature-sensitive goods over long distances. Semitrailers, b-doubles, pull trailers, containers, and trucks are all examples of reefers. To cool a crowded area, only a chiller unit is required. A white reefer is easier to cool than a black reefer, heat transfer through the body is a major consideration when transporting sensitive loads.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo King (United States), Carrier Transicold (United States), Kingtec (United States), MHI (Japan), Schmitz Cargobull (Germany), Zanotti (Italy), Liebherr-Crone (Germany), Hubbard (United States), Lumikko (Femtech) and Hussmann (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Single Temperature and Multi-Temperature) , by application (Meat and Sea food, Fruits and Vegetables, Dairy and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Trailer Refrigeration System market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Trailer Refrigeration System market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Thermo King (United States), Carrier Transicold (United States), Kingtec (United States), MHI (Japan), Schmitz Cargobull (Germany), Zanotti (Italy), Liebherr-Crone (Germany), Hubbard (United States), Lumikko (Femtech) and Hussmann (United States).
Market Overview:
On 27th August 2021, XL Fleet, based in Boston, is a pioneer in fleet electrification solutions for commercial and municipal fleets. The company announced a ground-breaking collaboration with eNow, a manufacturer of solar battery systems for electric transport refrigeration units (eTRUs). To keep cool, refrigerator trailers typically use diesel and electricity from either the tractor's generator or an auxiliary power unit. Given that a diesel tractor consumes one gallon of fuel per hour, the company saw an opportunity to make a long-term difference.
Government regulations to reduce fossil fuel emissions, combined with the trucking industry's drive to reduce operating costs and equipment maintenance demands, are driving fleet adoption of electric trailer refrigeration units, also known as eTRUs. According to Ian Fox, product manager for refrigerated vans at trailer manufacturer Wabash National Corp., there is a strong movement in the transportation and logistics industry away from fossil fuels and toward all electric or hybrid electric systems. Refrigeration systems powered by electricity are a part of that movement. Operating a reefer unit on electricity is significantly less expensive than operating one on diesel fuel.
The Trailer Refrigeration System Market Report identifies key market players and sheds light on their competitive strategies and collaborations. Furthermore, because it covers a variety of topics that market participants must be aware of in order to remain competitive, it assists new businesses in performing a positive assessment of their business plans. The comprehensive report depicts the market in two dimensions. The reader can identify the footprints of manufacturers in the Trailer Refrigeration System industry by knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period.
Market Trend
Utilization of Cutting-Edge Technologies such as Magnetic Refrigeration
Restraints
- High Maintenance Cost of Transportation
Opportunities
Growing Industrialization and Other Manufacturing Industry in APAC Region and Increasing Research & Development Investments for Trailer Refrigeration
Key highlights of the Global Trailer Refrigeration System market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Trailer Refrigeration System market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Trailer Refrigeration System market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Trailer Refrigeration System Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Trailer Refrigeration System market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Trailer Refrigeration System market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Trailer Refrigeration System Manufacturer, Trailer Refrigeration System Distributors and Suppliers, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.