Global Refrigerated Trailers Market Share, Size, Growth, Worth, Trends, Scope, Impact & Forecast Till 2030

Market Overview:
The Refrigerated Trailers Market Was Valued At USD 7.8 Billion In 2021, And It Is Expected To Reach USD 7.80 Billion By 2028, Reporting A CAGR Of Over 6.8% During The Forecast Period. Analysis period {2023-2030}

Refrigerated trailers are used to transport perishable and temperature-sensitive goods. The demand for these trailers is increasing with the growing demand for food and the expansion of cold storage logistics. Local companies are trying to overcome the barrier of high transportation costs by using advanced technology and regulating prices. The market is driven by factors such as consumer appeal, effective marketing tactics and investment in product development. Refrigerated trailers are versatile and are used for both road and rail transport. They are essential for third-party logistics companies worldwide and are regularly updated with the latest technology.

Analysis of the Top Market Players:
Utility Trailer Manufacturing Company (US), Schmitz Cargobull AG (Germany), Wabash National Corporation (US), Great Dane LLC (US), Fahrzeugwerk Bernard KRONE GmbH (Germany), Kögel Trailer GmbH & Co. KG (Germany), Thermo King (US), Randon Implementos (Brazil), Gray & Adams Ltd (UK), Lamberet Refrigerated SAS (France), Montracon Ltd (UK), and Other Major Players.

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Market Dynamics:
Driver:
The global demand for refrigerated trailers has grown significantly due to the convenience they offer for transporting perishable food around the world and the growing consumption of frozen products. The increase in fast food consumption has led to an increase in the number of fast-food restaurants, which increases the need for refrigerated transport and expands the market for refrigerated trailers. In addition, the pharmaceutical industry's demand for cold chain logistics for the transportation of drugs, especially vaccines such as COVID-19, is a major factor driving the market growth.

Opportunities:
The refrigerated trailer market is poised to benefit from increased investment and R&D in light vehicle manufacturing. This trend opens new opportunities for industrial growth. An example of this is the partnership of Utility Trailer Manufacturing Co. with the American Trucking Association's Heroes Truck employment program where they donated a trailer to help recruit veterans into the trucking industry. Together, these factors contribute to the expansion and potential of the refrigerated trailer market.

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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

Segmentation of The Refrigerated Trailers Market
By Product Type
• Frozen Food
• Chilled Food

By End Users
• Dairy Products
• Fruits & Vegetables
• Meat & Sea Food
• Other

Regional Analysis of The Refrigerated Trailers Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period. High population concentration in the Asia Pacific region is expected to influence the refrigerated trailer market during the forecast period. China and India are the most demanding countries for refrigerated trailers in this region. At close to 1.5 billion in population, China is the world's most populous nation, as well as a major and growing economy, with important environmental implications. For instance, according to the ADM capital foundation, in Asia alone, meat and seafood consumption is expected to rise by 78% by 2050.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in the Refrigerated Trailers Market
In February 2023, TIP Group launched refrigerated trailers with battery and solar-powered. This group has launched two major innovations for the industry: the "E-reefer", using the net to power its battery, and the AxlePower, using the reefer's lost energy as a power source for its refrigeration unit.

In November 2021, Thermo King, the transport refrigeration brand of global climate innovator Trane Technologies announced its trailer refrigeration system with zero direct carbon emissions at the Solutrans international trade show in Lyon, France.

In February 2021, PLM Fleet, a US-based refrigerated trailer leasing and rental business has introduced a zero-emission refrigerated trailer to its vehicle options. The new line of zero-emission trailers is manufactured by Advanced Energy Machines (AEM).

Key Points Covered in Refrigerated Trailers Market Report:
• Refrigerated Trailers Overview, Definition and Classification Market drivers and barriers
• Refrigerated Trailers Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Refrigerated Trailers Market
• Refrigerated Trailers Capacity, Production, Revenue (Value) by Region (2023-2030)
• Refrigerated Trailers Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Refrigerated Trailers Production, Revenue (Value), Price Trend by Type
• Refrigerated Trailers Manufacturers Profiles/Analysis Refrigerated Trailers Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing

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