Refrigerated Trailer Market by Type and Geography - Forecast and Analysis 2022-2026

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.

What will the Refrigerated Trailer Market Size be During the Forecast Period?

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Refrigerated Trailer Market: Key Drivers, Trends, and Challenges

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

• The rising consumption of frozen food is one of the key drivers fueling the refrigerated trailer market growth.
• The sales of frozen foods are growing due to the convenience they offer to consumers in terms of easy and instant cooking.
• Typically, consumers perceive frozen food as an alternative to fresh and home-cooked food and canned food. The convenience that ready-to-eat meals offer to consumers is encouraging the consumption of frozen food, mainly due to factors such as busy lifestyles, among others.
• Rapid urbanization is one of the factors increasing the demand for frozen food. This, in turn, will drive market growth during the forecast period.

Key Refrigerated Trailer Market Trend

• Electrified trailer technologies is one of the key refrigerated trailer market trends propelling the market growth.
• Temperature-controlled trailers have been mostly reliant on dedicated diesel engines, but a drive toward increased efficiency and sustainability has resulted in the emergence of solutions such as electrification, among others.
• Electrified trailer technologies not only reduce emissions but also reduce noise pollution. For instance, the operating noise of an eCool-equipped large, refrigerated trailer is below 60 dB.
• Electrification technologies are scalable for refrigerated van applications suitable for supermarket home deliveries to multi-wheel tractor units. Moreover, in 2020, Tesco PLC added 30 new zero-emission electric vans equipped with the new Thermo King E-200 refrigeration units to its fleet. This, in turn, will propel the market growth during the forecast period.

Key Refrigerated Trailer Market Challenge

• High operating costs of the refrigerated trailer is one of the factors impeding the refrigerated trailer market growth.
• Refrigerated trailers present carriers with many challenges, such as their initial cost, maintenance and repair costs, and the cost of complying with the California Air Resources Board (CARB) emission standards in the US.
• Maintaining proper temperatures inside containers is one of the challenges for carriers. Around 32% of the refrigerated goods are loaded at the wrong temperatures. This increases the operating costs of the carrier.
• Protocols are required to be strictly followed in operating carriers, and drivers should be trained to follow them. These challenges may impede the market growth during the forecast period.

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.

Parent Market Analysis

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.

Who are the Major Refrigerated Trailer Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Wabash National Corp.

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.

Product Insights and News

• greatdane.com - The company offers refrigerated trailers that allow customers to do both with an advanced panel foaming process that ensures consistent, void-free insulation, powerful cooling system optimization, and a-la-cart, multi-temperature compartmentalization.
• greatdane.com - Under the unified segment, the company offers goods mobility services using trucks of different kinds such as refrigerated, dry, open deck, and trailer telematics systems.

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.

Refrigerated Trailer Market Value Chain Analysis

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.

Which are the Key Regions for Refrigerated Trailer Market?

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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.

What are the Revenue-generating Type Segments in the Refrigerated Trailer Market?

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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.

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What are the Key Data Covered in this Refrigerated Trailer Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive refrigerated trailer market growth during the next five years
• Precise estimation of the refrigerated trailer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the refrigerated trailer industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of refrigerated trailer market vendors

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