Refrigerated Trucks Market Report 2023, Size, Share, Top Companies, Trends, Growth Factors and Forecast 2028

According to IMARC Group's latest research report, titled "Refrigerated Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global refrigerated trucks market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

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Refrigerated Trucks Market Overview:

Refrigerated trucks, also referred to as reefers, represent specialized vehicles that are equipped with a refrigeration system for the transportation of temperature-sensitive and perishable goods. They have an insulated body that aids in maintaining a consistent temperature by restricting heat transfer from outside, as well as a ventilation system that facilitates proper air circulation. These trucks are available in varying sizes and loading capacities that can also serve as mobile refrigeration units, allowing for the temporary storage of items in remote locations or during events. Refrigerated trucks are mainly used to transport perishable food products, medical supplies, chemicals, and pharmaceuticals that need a specific temperature range to maintain their quality and safety. In addition to this, these vehicles transport goods directly from the source to the destination, which reduces the requirement for intermediate storage facilities, effectively increasing efficiency and lowering costs.

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Refrigerated Trucks Market Trends:

The market growth is primarily fueled by the rapid expansion of the cold chain logistics industry. This is driven by the globalization of the food trade, resulting in increased transportation of food products across regions and countries. Additionally, the enforcement of strict food safety regulations by government bodies in various countries contributes to market growth. Continual technological advancements in refrigeration systems, such as energy efficiency and eco-friendly features, including instant frost systems, positively impact the market.

Furthermore, the rising demand for temperature-sensitive pharmaceuticals, such as vaccines and drugs, drives the need for refrigerated trucks in the medical sector. The market is further propelled by the surge in long-distance e-commerce deliveries of perishable and frozen goods ordered online. The increasing focus on reducing food waste throughout the food supply chain due to growing environmental awareness, is anticipated to fuel the refrigerated trucks market over the forecasted period.

Key Market Segmentation:

Competitive Landscape with Key Players:

• Chereau
• Eicher Motors Limited
• Hyundai Hong Kong Co. Limited
• Mahindra & Mahindra Limited
• Tata Motors Limited

Type Insights:

• Light Commercial Vehicle
• Medium Commercial Vehicle
• Heavy Commercial Vehicle

Application Insights:

• Food and Beverage
• Pharmaceuticals
• Chemicals
• Others

Tonnage Capacity Insights:

• Less Than 10 Tons
• 10-20 Tons
• More Than 20 Tons

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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