Press release
Global Refrigerated Truck Rental Industry Revenues To Grow At Nearly 5.5% By 2032 | Ryder System , Inc., Fraikin Limited, Penske Corporation, Inc., Petit Forestier
Refrigerated Truck Rental market
Refrigerated truck rental is the renting of a truck that has been outfitted with a refrigeration unit. This type of truck is typically used to transport perishable goods, such as food or flowers. Refrigerated truck rental is a popular option for businesses that need to transport temperature-sensitive items but do not have the budget to purchase or maintain their own refrigerated truck.
Request Sample Report : https://www.globalinsightservices.com/request-sample/GIS24384
Market Trends and Drivers
The growth opportunities in the market can be found mainly in the looming need for refrigerated transport of pharmaceuticals and food and beverages. Moreover, the refrigerated freight industry is expected to thrive in line with the continued growth in the volume of goods transported by road. Furthermore, the rapid growth of the retail e-commerce industry, the subsequent growth in the need for advanced and efficient logistics, and strengthening regulations on vehicular emissions are some of the factors that have been augmenting the growth of reefer trucks. Refrigerated truck transport happens to be a "derived demand" industry, where the demand for refrigerated truckers is directly proportional to the demand for the products these vehicles are supposed to haul. Besides, reefer truck rental can be a highly cost-effective alternative for businesses engaged in handling reefer cargo as it relieves these businesses from the costs incurred on maintaining a fleet of reefer trucks. Also, refrigerated truck rental services are ideal to ensure proper storage and transportation of temperature-sensitive products and prevent perishable products from spoilage.
Market Restraints and Challenges
The key restraints and challenges in refrigerated truck rental market include high initial investment, volatile raw material prices, and stringent environmental regulations. High initial investment is a major restraint for the growth of the refrigerated truck rental market. The cost of a refrigerated truck is higher than that of a regular truck, due to the additional cost of the refrigeration system. This high cost acts as a barrier to entry for small and medium enterprises. Volatile raw material prices are another challenge for the refrigerated truck rental market. The prices of steel, aluminum, and copper, which are used in the manufacturing of refrigerated trucks, have been volatile in recent years. This volatility has a direct impact on the cost of refrigerated trucks. Stringent environmental regulations are also a challenge for the refrigerated truck rental market. These regulations limit the emissions of greenhouse gases from refrigerated trucks. This is a challenge for the industry as it needs to find ways to reduce emissions without compromising on the performance of the refrigerated trucks.
Read Full Research Report : https://www.globalinsightservices.com/reports/refrigerated-truck-rental-market
Global Refrigerated Truck Rental Market Segmentation
By Rental Type
• Short-term
• Long-term
By Truck Type
• Light
• Medium
• Heavy
Major Players in the Global Refrigerated Truck Rental Market
The key players in the Refrigerated Truck Rental market are as Ryder System , Inc., Fraikin Limited, Penske Corporation, Inc., Petit Forestier, The Hertz Corporation, Polar Leasing, Inc., U-COOL Refrigeration, LLC, ReeferTek USA, Corp., KookMate, and Innocool., among others
Buy Now : https://www.globalinsightservices.com/checkout/single_user/GIS24384
Reasons to buy Refrigerated Truck Rental Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Refrigerated Truck Rental Industry Revenues To Grow At Nearly 5.5% By 2032 | Ryder System , Inc., Fraikin Limited, Penske Corporation, Inc., Petit Forestier here
News-ID: 2992612 • Views: …
More Releases from Global Insight Services
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved…
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the…
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview
Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger…
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview
Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire…
More Releases for Refrigerated
HYSUN newly launched customized refrigerated containers
HYSUN is proud to introduce our new range of New Customized Refrigerated Container, [https://www.hysuncontainer.com/] designed to meet the most stringent temperature control requirements. These custom reefer containers are equipped with state-of-the-art refrigeration and freezing units to ensure that your products remain in optimal condition throughout the entire transportation or storage process.
Product Features:
Our reefer containers [https://www.hysuncontainer.com/] are constructed with galvanized steel, and the interior walls, floor, ceiling, and doors are made…
Refrigerated Warehousing And Storage Market Report 2024 - Refrigerated Warehousi …
"The Business Research Company recently released a comprehensive report on the Global Refrigerated Warehousing And Storage Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free…
Refrigerated Transport Market Forecast Report by Mode of Transportation (Refrige …
The Refrigerated Transport Market
The global refrigerated transport market is on a trajectory of significant growth, with projections indicating an increase from $17.77 billion in 2023 to $27.07 billion by 2032. This expansion represents a compound annual growth rate (CAGR) of 4.79% from 2024 to 2032. The market's growth is primarily driven by the increasing demand for temperature-controlled logistics in supply chains to maintain the efficacy and shelf life of sensitive…
Refrigerated Transport Market: Impact Of Russia-Ukraine War On Refrigerated Tran …
Global Refrigerated Transport Market 2022-2028: As the world economy continues to grow, so does the need for efficient, reliable data. This is why we are releasing our Global Refrigerated Transport Market 2022-2028 report, which will give you a comprehensive overview of this industry. In this report, you'll find historical and future cost, revenue, demand, supply and import/export data for your distributor's value chain. You'll also get an in-depth analysis of…
Global Refrigerated Vehicles Market: India’s Import of refrigerated vehicles w …
Refrigerated trucks include different types of vehicles used for different transportation needs depending on loading requirements. Some of these types include refrigerated vans, refrigerated trucks, refrigerated trailers, refrigerated wagons, refrigerated vessels, refrigerated air transport, refrigerated containers, temperature controlled containers, intermodal refrigerated containers, insulated containers, integrated refrigerated containers, and multi-modal. Includes temperature container. Increasing consumer awareness of fresh food is one of the key factors in increasing demand for refrigerated vehicles…
Refrigerated Transport Market Forecast to 2028 - COVID-19 Impact and Global Anal …
MARKET OVERVIEW
Refrigerated transportation is also known as reefer freight. Refrigerated transport is a means of conveyance of food products pharmaceuticals that require special, temperature controlled vehicles. The vehicle is used for refrigerated transportation has a built-in refrigeration system that keeps the products at a preferred temperature throughout the transportation process. The benefit of refrigerated transportation is that it keeps products from deteriorating and losing its value during the transportation process.…
