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
U.S. and Colorado RTD Cocktail Market Overview by Rising Demands and Scope 2024 …
Market Definition
An RTD cocktail is a pre-mixed alcoholic beverage that is typically sold in a can or bottle. RTD cocktails are convenient because they require no additional mixing or preparation, making them ideal for parties or other events where alcohol will be served. There are a variety of RTD cocktails available, including popular options such as Moscow Mules, Margaritas, and Bloody Marys. RTD cocktails are typically made with lower-quality alcohol,…
Space Semiconductor Market Booming Across the Globe by Growth, Segments and Fore …
Market Definition
A space semiconductor is a type of semiconductor device that is designed to function in extreme conditions found in outer space. Space semiconductors must be able to withstand high levels of radiation and extreme temperatures, as well as the vacuum of space. Space semiconductors are used in a variety of space-based applications, including satellites, spacecraft, and telescopes. They are also used in space exploration missions, such as the Mars…
E-passport Market A Deep Dive Into Market Size, Share, And Trends By 2033 | Müh …
Market Definition
The E-passport Market represents a transformative shift in travel documentation, offering enhanced security and efficiency compared to traditional passports. Also known as biometric passports, E-passports incorporate a microprocessor chip containing the holder's biometric information, such as fingerprints and facial recognition data, along with personal details. This technology not only mitigates the risk of identity theft and fraud but also expedites border control processes by enabling automated authentication.
Market Outlook
The E-passport…
Oligonucleotide Synthesis Market Share, Size 2024 Global Comprehensive Research …
Market Definition
The Oligonucleotide Synthesis Market is a vital component in the biotechnology and pharmaceutical industries, providing customized strands of DNA or RNA sequences for various applications such as genetic research, diagnostics, and therapeutic development. This market encompasses a range of synthesis technologies, including solid-phase synthesis and enzymatic methods, allowing researchers to tailor oligonucleotides with precision. As advancements in genomics, personalized medicine, and synthetic biology drive demand for high-quality oligonucleotides, the…
More Releases for Refrigerated
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.…
Refrigerated Display Cabinets Market
Refrigerated Display Cabinets market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading…
Refrigerated Counter Market - Promising Growth in Store for APAC Refrigerated Co …
Illinois Tool Works, Inc., Hoshizaki Corp., Ali Group, Electrolux AB, and Liebherr - the top five players in the global refrigerated counters market - accounted for a share of just under 62% in 2015. Transparency Market Research notes that this fragmented market is characterized by the presence of an increasing number of players attempting to gain market share via mergers, acquisitions, and divestments. Product innovation and technology differentiation are expected…
Refrigerated Display Cases Market: Exhibit 9.6% CAGR due to Growing Demand for P …
Refrigerated display cases/cabinets (RDCs) refer to specially designed freezers/refrigerators used to display (and store) items that require cold storage. These are commonly used across companies operating in the food and beverage industry such as supermarkets/hypermarkets, grocery stores, hotels/restaurants and catering businesses, and non-conventional outlets such as gas stations and kiosks/local grocers. Use of RDCs by the biomedical sector for storing specimens or drugs is also gradually picking up. This is…
