Enjoy complimentary customisation on priority with our Enterprise License!
The refrigerated trailer market share is expected to increase to USD 1.71 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.35%.
This refrigerated trailer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers refrigerated trailer market segmentation by type (chilled food and frozen food) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The refrigerated trailer market report also offers information on several market vendors, including Bay and Bay Transportation, Gray and Adams Ltd., Great Dane LLC, Halvor Lines Inc., Humbaur GmbH, Hyundai Motor Co., KRONE GMBH and CO. KG, LAMBERET SAS, Manac Inc., Montracon Ltd., Polarking Mobile, Premier Trailer Mfg. Inc., Randon Implementos S.A., Schmitz Cargobull AG, Stevens Transport, STI HOLDINGS Inc., Trane Technologies Plc, TW Transport, Utility Trailer Manufacturing Co., Vanguard National Trailer Corp., and Wabash National Corp. among others.
Download the Free Report Sample to Unlock the Refrigerated Trailer Market Size for the Forecast Period and Other Important Statistics
The rising consumption of frozen food is notably driving the refrigerated trailer market growth, although factors such as high operating costs of the refrigerated trailer may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the refrigerated trailer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Refrigerated Trailer Market Driver
Key Refrigerated Trailer Market Trend
Key Refrigerated Trailer Market Challenge
This refrigerated trailer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global refrigerated trailer market as a part of the global automotive market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the refrigerated trailer market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the refrigerated trailer market encompasses successful business strategies deployed by the key vendors. The refrigerated trailer market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The refrigerated trailer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the refrigerated trailer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the refrigerated trailer market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rise in the import and export of perishable products such as fruits and vegetables and an increase in online grocery sales will facilitate the refrigerated trailer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 limited the use of refrigerated trailers owing to lockdowns imposed by governments of countries in North America. However, the lifting of lockdowns in the second half of 2020 increased the demand for frozen food products from restaurants. Moreover, COVID-19 vaccine transportation highly increased the demand for refrigerated trailers in 2021. Such factors are expected to drive market growth during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The refrigerated trailer market share growth by the chilled food segment will be significant during the forecast period. Chilled food products are stored at a temperature ranging between 0 and -5. Most food products, such as fruits and vegetables, are kept at this temperature to retain their freshness. Moreover, the chilled food sector is one of the fastest-growing sectors in the food industry, owing to the rising demand from restaurants and hotels. Moreover, consumers perceive chilled food as an alternative to fresh and home-cooked food and canned food. Thus, the convenience that ready-to-eat meals offer to consumers is encouraging the consumption of chilled food. Such factors are expected to drive the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the refrigerated trailer market size and actionable market insights on post COVID-19 impact on each segment.
Refrigerated Trailer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.35% |
Market growth 2022-2026 |
$ 1.71 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.78 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bay and Bay Transportation, Gray and Adams Ltd., Great Dane LLC, Halvor Lines Inc., Humbaur GmbH, Hyundai Motor Co., KRONE GMBH and CO. KG, LAMBERET SAS, Manac Inc., Montracon Ltd., Polarking Mobile, Premier Trailer Mfg. Inc., Randon Implementos S.A., Schmitz Cargobull AG, Stevens Transport, STI HOLDINGS Inc., Trane Technologies Plc, TW Transport, Utility Trailer Manufacturing Co., Vanguard National Trailer Corp., and Wabash National Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.