Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Market Insight- Global Refrigerated Trailer Market

Market Overview

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$ 1,801.00Mn in 2019 is expected to exhibit a CAGR of 5.4% during the forecast period.

Market Dynamics- Drivers

  1. Expansion of cold chain capacity is expected to drive growth of the global refrigerated trailer market during 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.

  1. 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.

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.

Refrigerated Trailer  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. 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.

  1. 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.

Market Opportunities

  1. 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.

  1. 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.

Refrigerated Trailer  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. 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.    

  1. 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.

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.

Refrigerated Trailer  | Coherent Market Insights

Source: Coherent Market Insights

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.

Value Chain Analysis

Refrigerated Trailer  | Coherent Market Insights

Competitive Section

Key players operating in the global refrigerated trailer market are Kögel 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.

Key Developments

  1. 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.
  2. 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.

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.

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 availabity 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 consumers 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.

Market Taxonomy

This report segments the global refrigerated trailer market on the basis of by product type, by end-use industry, and region. On the basis of product type, the global refrigerated trailer market is segmented into Frozen and Chilled. On the basis of end-use industry, global refrigerated trailer market is segmented into Diary, Fruit& Vegetables, Meat & Seafood and Others (Medicines, Bakery, etc.). On the basis of region, global refrigerated trailer market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global refrigerated trailer market and provides market size (US$ million & thousand units) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 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 market 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 market includes Kögel 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.
  • These key market players are focusing on collaboration strategy with other market leaders 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 market 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 Market, By Region:
    • North America
    • Latin America
    • Europe
    • APAC
    • Middle East and Africa
  • Company Profiles
    • Kögel Trailer GmbH & Co. KG *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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

*Browse all the market data tables and figures on “Global Refrigerated Trailer Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Refrigerated Trailer Market, By Type, 2017-2027  (US$ Million & Units)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Frozen
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Chilled
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. Global Refrigerated Trailer Market, By End-use Industry, 2017-2027 (US$ Million & Units )
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Diary
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Fruits & Vegetables
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Meat & Seafood
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Others (Medicines, Bakery, etc.)
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Refrigerated Trailer Market, By Region, 2017-2027  (US$ Million & Units)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, End-use Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • APAC
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Kögel Trailer GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Wabash National Commercial Trailer Products
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Randon Implementos
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Great Dane Trailers, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Gray & Adams Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Utility Trailer Manufacturing Company.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hyundai Translead
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Montracon Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Schmitz Cargobull AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lamberet Refrigerated SAAS
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fahrzeugwerk Bernard KRONE GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Refrigerated Trailer Market-forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.