1 / 18

Refrigerated Trailer Market Analysis | Coherent Market Insights

Read here the latest updates on the Refrigerated Trailer Market Analysis published by CMI team

Shweta2707
Télécharger la présentation

Refrigerated Trailer Market Analysis | Coherent Market Insights

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. REFRIGERATED TRAILER MARKET ANALYSIS • Refrigerated Trailer Market, By Product Type (Frozen and Chilled), End-use Industry (Diary, Fruit& Vegetables, Meat & Seafood and Others(Medicines, Bakery, etc.)), and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 • The global refrigerated trailer market is estimated to account for US$ 1,801.00Mn in 2019 is expected to exhibit a CAGR of 5.4% during the forecast period.

  3. Market Drivers • Expansion of cold chain capacity is expected to drive growth of the global Refrigerated Trailer Marketduring the forecast period Increasing demand for perishable food across the globe is expected to boost the demand for cold chain in the near future. This expansion is expected to boost the demand for efficient refrigerated food transportation and cold storage infrastructure. Furthermore, growing demand for dairy products is expected to boost growth of the global refrigerated trailer market during the forecast period. According to the U.S. Department of Agriculture, in 2019, annual milk production in the U.S. reached 218,322 mil lb., increased from 215,527 mil lb. in 2017. Moreover, according to Our World in Data, an online publication journal, global milk production reached 800 million ton in 2018.

  4. Implementation of strict government laws is expected to propel the global refrigerated trailer market during growth over the forecast period Government of various countries in Asia Pacific such as China and India are focused on improving food preservation and transportation, lower food wastage, and increase food safety. Thus, they have started to implement strict regulatory policies and norms in food and beverage sector. This, in turn, is expected to boost the demand for efficient refrigerated trailers in these countries, as there is high demand for perishable food and dairy products in this region. Hence, these factors are expected to support the global refrigerated trailer market in the near future.

  5. Europe region dominated the global refrigerated trailer market in 2019, accounting for 40.1% share in terms of value, followed by North America and Asia-Pacific, respectively.

  6. Market Restraints • Increasing trucking operational costs combined with the proximity of transportation destination are expected to hamper the global refrigerated trailer market during the forecast period Rising costs related to hiring truck drivers combined with increasing fuel costs and the high prices of trucks are major factors surging the operational costs for logistics companies. This, in turn, reduces the profits and their inclination towards buying new refrigerated trailers. Furthermore, refrigerated trailers are witnessing high level of competition from refrigerated vans and small trucks due to reducing truckloads and smaller traveling distances. Thus, these factors are expected to hamper the market growth in the near future. • Growing concerns regarding environment are expected to restrain growth of the global refrigerated trailer market during the forecast period Refrigerated units are known to release toxic substances into the atmosphere during the operation. Such harmful fumes pose major threat to environmental sustainability. Various governments across the world have imposed environmental regulations and set up stringent standards for refrigerated transportation. Therefore, these factors are expected to restrict the market growth up to certain extents.

  7. Market Opportunities • Increasing investments in research and development activities can provide major growth opportunities for market players Hike in fuel prices, increasing truck prices, and high cost associated with truck drivers hiring has increased the operational costs. Thus, various refrigerated truck manufacturers are focused on research and development activities, in order to manufacture reduced weight vehicles. Providing novel refrigerated trucks with moderate prices can aid OEMs to expand their consumer base and gain a competitive edge in the market. The newer vehicles will help in reducing carbon emission and enhance fuel efficiency, which are major drawbacks of previous vehicles.

  8. Favorable macro-economic factors and changing demographics Rampant urbanization, especially in emerging economies, coupled with growing middle-class population density is transforming economies across the globe. This, in turn, has increased the tendency of populace to consumers more perishable products such as fruits, vegetables, meat, and seafood. Furthermore, increasing demand for perishable food is expected to provide major growth opportunities during the forecast period.

  9. Market Trends • Key players in the market are focused on product innovation and development Key players in the global refrigerated trailer market are focused on investing in R&D activities in order to introduce innovative products and integrate advanced technologies to increase efficiency of refrigerated trailers. For instance, in May 2015, Schmitz Cargobull, a trailer manufacturer based in Europe, introduced a new fuel level sensor with LED level display mounted on the semi-trailer's bulkhead that provides an accurate indication about the fuel level of the trailer.   • Growing focus of manufacturers on reduced carbon emissions Major manufacturers are laying emphasis on reducing the weight of trailers by investing research and development activities. By reducing the overall weight of the trailer, manufacturers are attempting to reduce carbon emission. Moreover, trailer manufacturers are adopting lightweight materials steel, aluminum and carbon fiber for manufacturing trailer bodies. They are also focused on improving the aerodynamic design of trailers to reduce drag and increase stability.

  10. Segment information: • In global refrigerated trailer market, by type segment, Chilled sub-segment dominated the global market in 2019, accounting for 60.3% share in terms of value.

  11. Regulations • The Americas • Latin America - In October 2014, the Brazilian government published dietary guidelines for use of fresh foods over processed food recommending improved cold chain development to meet the demand for fresh food • North America – The U.S.-Mexico trade relationship offers high agricultural trade between the two regions. Most of the agricultural harvest from Mexico is transported via trucks to the U.S.

  12. Value Chain Analysis

  13. Competitive Section • Key players operating in the global refrigerated trailer market are Kögel Trailer GmbH & Co. KG, Wabash National Commercial Trailer Products, RandonImplementos, Great Dane Trailers, Inc., Gray & Adams Ltd., Utility Trailer Manufacturing Company, Hyundai Translead, Montracon Ltd., Schmitz Cargobull AG, Lamberet Refrigerated SAAS, and Fahrzeugwerk Bernard KRONE GmbH.

  14. Key Developments • Key players in the market are involved in product development, in order to enhance their product portfolio. For instance, in October 2019, Gray & Adams Ltd., a U.K.-based supplier of temperature-controlled trailers, introduced an automated loading pod that holds 60 pallets at -220C. • Key companies in the market are focused on product launching, in order to gain competitive edge in the market. For instance, in March 2019, Montracon Ltd. showcased a range of latest trailers with novel features.

  15. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/refrigerated-trailer-market-3549

  16. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  17. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  18. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

More Related