Industry Outlook

Fast paced lifestyle and growing demand for ready-to-eat and frozen food products encouraged refrigerated trailers market to register market value of US$ 5.97 Bn in 2017 and estimated to touch US$ 8.99 Bn by 2026 with a compound annual growth rate of 4.7%. Growing demand for refrigerated trailers contributed by a number of factors besides aforementioned dynamics. Factors such as stringent government regulatory guidelines for food safety & wastage and application of refrigerated trailers for medical & healthcare sectors guided the market on the positive growth track. With almost no alternatives to aid, several end-user have to abide by refrigerated trailers for supplying articles that require refrigeration during transportation. No doubt the market expected to register big number in terms of market value throughout the forecast period from 2018 to 2026.

Chiller Trailers Zooming Ahead of Sub-zero Trailers

In 2017, chiller refrigerated trailers stood supreme in terms of market value compared to sub-zero trailers. Rapidly changing lifestyles across the globe have stimulated the demand for ready-to-eat foodstuffs, beverages and other cold edible range of products. This certainly helped chiller trailers to bud as these are extensively used to transport foodstuffs requiring temperature above 0°C. Foodstuffs such as fruits, vegetable, dairy, confectionaries and medical applications depend upon such chiller trailers for transportation without affecting their consumption quality. Sub-zero trailers are generally used to transport meat, fish and frozen foodstuffs. Although the consumption rate of meat & fish is more compared to individual other end-user, the combined demand for all end-user helped chiller trailers to hold a major share over sub-zero trailer in overall refrigerated trailers market.

Meat & Fish Commands an Upper-hand Over Greens & Fruits to Lead the Market

The astonishing demand and consumption of meat & fish testify the dominance of the segment in overall refrigerated trailers market in 2017. With countries such as the U.S., Kuwait, Australia and New Zealand among other have specific meat consumption over 100Kg per person per year, the need for transporting meat and fish has drastically encouraged the demand for refrigerated trailers. Along with consumption rate, local government regulation for food preservation, transportation, consumption quality and wastage left cold chain participants no other alternative but to incorporate advanced and latest refrigerated trailers for transportation. Fruits & vegetables and dairy products trail meat & fish segment but not with a great margin. Flourishing hospitality sectors stimulated demand for exotic fruits and vegetables and dairy products. Both the end-user constitutes a major share individually in overall refrigerated trailers market. Beside edibles, medical and healthcare segment is exploring the power of refrigerated trailers and hence is one of the lucrative segment to watch out in terms of market value and growth. Others segment consists of flora, baked goods and confectionaries and beverages among others projected to show consistent growth throughout the forecast period from 2018 to 2026.

North America and Europe Characterise more than 50% of the Total Refrigerated Trailers Market 

Heavy consumption of meat, fish and dairy products coupled with rigorous food safety and wastage guidelines guided Europe and North America to top of the market podium. The combined market value of both the regions constitutes more than 50% of the total market share. The dominance of Europe projected to continue throughout the forecast period with North America Trailing closely. Climatic condition, low yielding developed countries and growing tourism and hospitality sectors are few of the several factors responsible for the market growth. Asia Pacific is the home to few of the fastest growing economies including China and India. With economic development demand for cold chain supply is also witnessing significant growth in these countries. Consequently, the region projected to grow with CAGR above North America and Europe in coming years.

Refrigerated Trailers Companies Needs to Cope up with Dynamic Advancements to Stay Competitive   

Government regulation for food safety and wastage are more stringent than ever and in order to survive the competition, refrigerated trailer manufacturers have to be on their toes in terms of product up gradation. Designing energy efficient insulated cabins and making arrangement such as anti-microbial transportation systems expected to help manufacturers to some extent. However, price wars with local manufacturers and lack of brand awareness in developing nations is a major hindrance for big manufacturers. Some of the most influential techniques and avenues are highlighted in this research study to help manufacturers maintain their position and growth in revenue. Some of the refrigerated trailer manufacturing giants profiled in this research study include Great Dane LLC, Fahrzeugwerk Bernard KRONE GmbH, Wabash National Commercial Trailer Product, Utility Trailer Manufacturing Company, Kogel Trailer GmbH & Co. KG, Schmitz Cargobull AG., Montracon Ltd., Lamberet Refrigerated SAS, Gray & Adams Ltd., and Randon Implementos among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Refrigerated Trailers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Refrigerated Trailers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Refrigerated Trailers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Refrigerated Trailers market?
• Which is the largest regional market for Refrigerated Trailers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Refrigerated Trailers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Refrigerated Trailers market worldwide?