Refrigerated Trailer Market Value to Surge to $7,658 Million by 2022, Driven by 4.8% CAGR Growth

Refrigerated Trailer Market Report, published by Allied Market Research, states that the global refrigerated trailer market was valued at 5,588 million in 2015, and is expected to reach $7,658 million by 2022, growing at a CAGR of 4.8% from 2016 to 2022. In 2015, North America dominated the market and contributed more than 41% of the overall market revenue, followed by Europe. Presence of key market players in the U.S. and Europe, rapid industrialization, primarily in manufacturing sectors, and increase in demand for high-quality preserved food have fueled the growth of refrigerated trailer market. However, high trucking cost is the major restraint of the market.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/refrigerated-trailer-market

Chilled food is major product type of refrigerated trailer, accounting for nearly 62% of the total product type of the refrigerated trailer in 2015, followed by frozen food. Frozen food type segment is expected to dominate the market in the future, which is an important product type and has an impact on numerous parameters of the refrigerated trailer.

North America is expected to dominate the global refrigerated trailer market during the analysis period, owing to the increase in demand for packaged food products in the U.S. and Canada. Refrigerated trailers are extensively used in the food sector in North America and Europe. However, Asia-Pacific and LAMEA regions are expected to grow rapidly, owing to the increasing adoption of these trailers in frozen food, chilled food, and cold chain space.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/1934

According to Sheetanshu Upadhyay, Research Analyst, Automotive & Transportation Research at Allied Market Research, Refrigerated trailers are innovative and reliable containers that are expected to witness notable growth in the coming years. This is due to their competitive advantages such as ideal temperature and humidity level compared to other batteries. Increasing applications of refrigerated trailers in the frozen & chilled food industry (meat & seafood) is expected to boost in the future.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/refrigerated-trailer-market/purchase-options

The global refrigerated trailer market by end user is divided into dairy, fruits & vegetables, meat & seafood, and others (medical products, confectionary, and bakery). Currently, meat & seafood generated highest revenue for this market, owing to high adoption in cold chain space and frozen food products. However, fruits & vegetables is expected to be the most lucrative consumers, due to rise in demand for fresh frozen and chilled food in China, U.S., and India.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/1934

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐟𝐫𝐢𝐠𝐞𝐫𝐚𝐭𝐞𝐝 𝐓𝐫𝐚𝐢𝐥𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭
The chilled food segment led the overall market revenue in 2015, and is projected to grow at a CAGR of 4.50%.
Fruits & vegetables segment is expected to exhibit rapid growth during the forecast period.
In 2015, North America led the global market; however, Asia-Pacific is expected to witness the highest CAGR.
In 2015, China led the overall Asia-Pacific market, with about one-third share.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Wabash National Commercial Trailer Product, Great Dane Trailers, Inc., Utility Trailer Manufacturing Company, Schmitz Cargobull AG., Kogel Trailer GmbH & Co. KG, Fahrzeugwerk Bernard KRONE GmbH, Lamberet Refrigerated SAS, Montracon Ltd., Gray & Adams Ltd., and Randon Implementos

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com  

Follow Us on | Facebook | LinkedIn | YouTube |

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.