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.
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.
|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|
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.
|Restraints & Challenges:||
Global Refrigerated Trailer Market - Impact of Coronavirus (Covid-19) Pandemic :
Europe region held a dominant position in the global Refrigerated Trailer market in 2021
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
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
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.
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:
“*” marked represents similar segmentation in other categories in the respective section.