Refrigerated
trailers are an integral part of the cold-chain logistics ecosystem, ensuring
that fresh and perishable food products reach consumers in optimum quality.
Equipped with advanced insulation and refrigeration systems, refrigerated
trailers maintain controlled temperatures ideal for transportation of various
temperature sensitive commodities including meat, seafood, fruits, vegetables,
dairy products, and ready-to-eat meals over long distances. Increasing global population
and changing dietary preferences are fueling the demand for fresh food which is
driving investments in cold chain infrastructure including refrigerated
trailers. The global Refrigerated Trailer Market is estimated to be valued at
US$ 5.63 billion in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023-2031, as highlighted in a
new report published by Coherent Market Insights.
Market key trends:
The increased demand for fresh food products has been one of the key demand
drivers of the refrigerated trailer market over the years. Due to growing
health-consciousness, consumers prefer fresh food products over processed or
canned varieties which is augmenting the cold chain infrastructure across
regions. Growing availability of temperature-sensitive fresh food via organized
retail channels and e-commerce platforms has further accelerated the adoption
of refrigerated trailers for transportation. Key manufacturers are also
introducing advanced trailer models equipped with real-time monitoring systems,
advanced insulation, and eco-friendly refrigerants to optimize performance,
increase efficiency, and meet stringent emission norms.
Segment Analysis
The
refrigerated
trailer market size is dominated by the refrigrated vans sub segment.
These vehicles are boxes on wheels that are equipped with an integrated
refrigeration unit to maintain temperature controlled environment for transport
of perishable goods like fruits, vegetables, meat, dairy products etc. Due to
their rigid structure and ability to carry heavy loads, refrigerated vans cater
to majority of temperature controlled cargo transport needs and account for
over 60% of the global refrigerated trailer market share.
Key Takeaways
The global refrigerated trailer market is expected to witness high growth.
Regional
analysis: North America accounts for the largest share in the refrigerated
trailer market, owning over 35% of the global market share. Rapid growth in
pharmaceutical, food processing and dairy industries has been driving the demand
for temperature controlled logistics in the region. Asia Pacific region is
witnessing the fastest growth in refrigerated trailer market owing to rising
temperatures sensitive cargo transport requirements with growing food
processing and food retail industries in countries like China, India and
Southeast Asia.
Key players operating in the refrigerated trailer market are Great Dane
Trailers, Wabash National Corporation, Schmitz Cargobull, Utility Trailer
Manufacturing Company, Torin Jack, Kogel Trailer GmbH, Cold Chain Technologies
and Carrier Transicold.
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