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  • Published On : Dec 2022
  • Code : CMI3549
  • Industry : Smart Technologies
  • Pages : 120
  • Formats :

A refrigerated truck or refrigerated trailer or also referred to as chiller lorry is a truck designed to transport perishable goods at specific temperatures. Generally, food-grade freight is transported through these trailers. Refrigerated trailers are available in two different ranges namely negative temperature range for carrying frozen food products and positive temperature range for chilled ones. Moreover, a variety of refrigerated trailers are available that are based on parameters such as load capacity, pallet capacity, length, and a number of deck. Refrigerated trailers in used transportation of perishable products such as fish, meat, vegetables, fruits, flowers, dairy products, and poultry products. Moreover, they are used to transport specialized medications that require specific temperature ranges.

The global refrigerated trailer market is estimated to account for US$ 2001 Mn in 2021 is expected to exhibit a CAGR of 5.1% during the forecast period.

Recent Developments:

On 10th February 2022, Kögel, a refrigerated trailer manufacturer company together with SAF-Holland, a manufacturer company of components for trailers and semi-trailers had developed a refrigerated trailer from the Kögel Cool – PurFerro quality series with a recuperation axle. By converting kinetic energy into electric current and supplying it to the drive of the cooling device, this axle greatly lowers CO2 emissions while also providing additional benefits.

Restraint:

  • Increasing trucking operational costs combined with the proximity of transportation destination are expected to hamper the global refrigerated trailer market during the forecast period
  • Growing concerns regarding environment are expected to restrain growth of the global refrigerated trailer market during the forecast period
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Refrigerated Trailer Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 2001 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR:  5.1 % 2030 Value Projection: US$ 3187.4 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Product Type: Frozen and Chilled
  • End-use Industry: Diary, Fruit& Vegetables, Meat & Seafood and Others (Medicines, Bakery, etc.)
Companies covered:

Kogel Trailer GmbH & Co. KG, Wabash National Commercial Trailer Products, Randon Implementos, 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.

Growth Drivers:
  • Expansion of cold chain capacity is expected to drive growth of the global refrigerated trailer market during the forecast period
  • Implementation of strict government laws is expected to propel the global refrigerated trailer market during growth over the forecast period
Restraints & Challenges:
  • Increasing trucking operational costs combined with the proximity of transportation destination are expected to hamper the global refrigerated trailer market during the forecast period
  • Growing concerns regarding environment are expected to restrain growth of the global refrigerated trailer market during the forecast period

Global Refrigerated Trailer Market - Impact of Coronavirus (Covid-19) Pandemic :

  • The COVID-19 pandemic has adversely affected the Global Refrigerated Trailer market. Refrigerated Trailer is widely used in transportation as they have the capability to transport perishable goods at specific temperatures. Due to the pandemic, transportation industries faced financial crises which directly impacted the transportation business used for transporting perishable goods. Hence, the Global Refrigerated Trailer market witnessed slow growth during the pandemic.

Europe region held a dominant position in the global Refrigerated Trailer market in 2021

Statistics:

Europe region dominated the global refrigerated trailer market in 2021, accounting for 40.1% share in terms of value, followed by North America and Asia-Pacific, respectively.

Figure 1: Global Refrigerated Trailer Market Share (%), By Region, 2021

Refrigerated Trailer  | Coherent Market Insights

Europe is the leading market in terms of revenue in 2021 and is expected to hold its dominant position over the forecast period. The market growth in these regions is attributed to the growing transportation industry coupled with rising pollution. For instance, Refrigerated trailers are majorly used for transporting perishable goods at specific temperatures in the transportation industry, which is expected to drive demand for Refrigerated trailers over the forecast period. Moreover, the increasing demand for perishable goods the Refrigerated Trailer is expected to facilitate the growth of the Refrigerated Trailer market in Europe.

The North American and Asia Pacific region is expected to gain traction during the forecast period. The countries in the North American and Asia Pacific regions are constantly investing in perishable goods. The construction of new plants will increase the demand for Refrigerated trailers in the transportation sector and they are used to transport perishable goods at specific temperatures. Hence, the global Refrigerated Trailer market is expected to gain traction in the North America and Asia Pacific region in the forecast period.

Figure 2: Global Refrigerated Trailer (DAS) Market (US$ Mn) Analysis and Forecast, 2022 - 2030

Refrigerated Trailer  | Coherent Market Insights

The global Refrigerated Trailer market was valued at US$ 2001 Mn in 2021 and is expected to reach US$ 3187.4 Mn by 2030, growing at a CAGR of 5.1 % between 2022 and 2030.

Major players operating in the global refrigerated trailer market include Kogel Trailer GmbH & Co. KG, Wabash National Commercial Trailer Products, Randon Implementos, 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.

A refrigerated trailer is a part of van or truck used to transport perishable goods at specific temperature. Refrigerated trailers are available in two different ranges namely positive temperature range for chilled ones and negative temperature range for carrying frozen food products. Refrigerated trailers are designed Refrigerated trucks are used for transportation of perishable products such as fish, meat, vegetables, fruits, flowers, dairy products, and poultry products. Moreover, these trucks are used by shippers to make products fresh by providing them temperature and also protect these products and materials against any damage. The most commonly used refrigerated trailers or trucks are 16 m (53’) long, with height of around 2.5 m for single deck and over 4 m for a double deck. This, in turn, these factors are expected to drive the growth of global refrigerated trailer market.

The global refrigerated trailer is estimated to account for US$ 3187.4 Mn in terms of value by the end of 2030.

Market Dynamics

Increased demand for perishable products such as fruits, vegetables, meat and seafood is the major factor driving the growth of global refrigerated trailer market. The rising demand for various dairy products is also affecting the demand of this market. Consumers all over the world are consuming dairy products in their everyday diet as a good source of proteins and minerals. Consumption of dairy products is increasing due to easy availability in the market. The transportation of the dairy products required cold chains and refrigerated trucks with temperature controlled environment in order to prevent products from spoilage and maintains safety. Rising health awareness regarding dairy products such as cheese and milk is also leading the market of refrigerated trucks. 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.

Government of various emerging economies in Asia-Pacific region such as India and China are focused on improving food preservation and transportation, and also increasing food safety.  They have started to implement stringent regulatory policies and norms in food and beverage sector. This, in turn, is expected to drive the demand for effective refrigerated trailers owing to high demand for perishable food and dairy products in this region. Logistics companies are designed with advanced technology to identify changing consumer’s demands and which help in improving efficiency by using these refrigerated trailers. Hence, these factors are expected to support the global refrigerated trailer market in the near future.

Key features of the study:

  • This report provides an in-depth analysis of the global refrigerated trailer and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global refrigerated trailer based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global refrigerated trailer are Kogel Trailer GmbH & Co. KG, Wabash National Commercial Trailer Products, Randon Implementos, 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.
  • The key market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global refrigerated trailer report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global refrigerated trailer market.

Detailed Segmentation

  • Global Refrigerated Trailer Market, By Product Type:
    • Frozen
    • Chilled
  • Global Refrigerated Trailer Market, By End-use Industry:
    • Dairy
    • Fruits & Vegetables
    • Meat & Seafood
    • Others (Medicines, Bakery, etc.)
  • Global Refrigerated trailer, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Kogel Trailer GmbH & Co. KG *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Wabash National Commercial Trailer Products
    • Randon Implementos
    • Great Dane Trailers, Inc.
    • Gray & Adams Ltd.
    • Utility Trailer Manufacturing Company
    • Hyundai Translead
    • Montracon Ltd.
    • Schmitz Cargobull AG
    • Lamberet Refrigerated SAAS
    • Fahrzeugwerk Bernard KRONE GmbH

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global Refrigerated Trailer market is expected to reach US$ 3187.4 million by 2030.
The market is expected to witness a CAGR of 5.1% during the forecast period (2022-2030).
Growing application of Refrigerated Trailer in the transportation sector is expected to drive the growth of the market. 
Chilled Refrigerated Trailer segment held the largest market share among the product in 2021.
Europe held the largest share in the market in 2021.
Key players operating in the Market are Kogel Trailer GmbH & Co. KG, Wabash National Commercial Trailer Products, Randon Implementos, 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.

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