Industry Background:
Upsurge in demand for packaged food, improved efficiency of refrigerated trailers, and higher reliability necessities of food consumers will help to boost global refrigerated trailer market. A refrigerated trailer is a part of van or truck designed to transfer fresh delivery at specific temperatures. Rising urbanization tied with an increasing middle-class population is leading to the growing adoption of ready-to-eat food. The growing practice of nuclear family setups along with expanding women in the workforce does not leave a suitable time for fresh cooking on a regular basis. These are key factors of global refrigerated trailer market. moreover, growing demand for perishable food including vegetables, fruits, meat, and seafood, cold chain capability is anticipated to enlarge significantly particularly in developing countries.
According to AMA, the market for Refrigerated Trailer is expected to register a CAGR of 4.8% during the forecast period to 2026. This growth is primarily driven by Growing In Demand for High-Quality Preserved Food and High Adoption Due To Extensive Use of Refrigerated Trailer in Cold Chain Space.
Globally, a noticeable market trend is evident High Demand Due To Government Initiatives to Control Food Wastage
. The Transportation Infrastructure sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Wabash National Commercial Trailer Product (United States), Great Dane Trailers, Inc. (United States), Utility Trailer Manufacturing Company (United States), Schmitz Cargobull AG. (Germany), Kogel Trailer GmbH & Co. KG (Germany), Fahrzeugwerk Bernard KRONE GmbH (Bernard Krone Holding) (Germany), Lamberet Refrigerated SAS (France), Montracon Ltd. (United Kingdom), Gray & Adams Ltd. (United Kingdom) and Randon Implementos (Brazil) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 25th February 2019, Wabash National Corporation has introduced its latest Supreme and Wabash National truck body innovations at the upcoming NTEA Work Truck Show in Indianapolis. The company will demonstrate its latest customer-focused solutions from groundbreaking technology in refrigerated transport to fitting options and industry-specific packages.
Market Drivers
- Growing In Demand for High-Quality Preserved Food
- High Adoption Due To Extensive Use of Refrigerated Trailer in Cold Chain Space
Market Trend
- High Demand Due To Government Initiatives to Control Food Wastage
- Upsurge In Third-Party Logistics Business Internationally
Restraints
Opportunities
Surge Food Safety and Decrease Food Wastage Particularly In Developing Countries and Expanding Initiatives to Manufacture Low-Weight Vehicles
Challenges
Stringent Government Regulation
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Refrigerated Trailer Study Sheds Light on
The Refrigerated Trailer Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Refrigerated Trailer industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Refrigerated Trailer industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.