Global Refrigerated Trailer Market- Market Overview:

The global refrigerated trailer market is expected to grow from USD 1.8 billion in 2022 to USD 2.7 billion by 2030, at a CAGR of 5.5% during the Projection period 2023-2030. growth of this market is mainly driven owing to the rising demand for ready-to-eat food and to extend the shelf life of perishable food products.

To control the temperature inside the trailer, a Trailer Refrigeration Unit (TRU) is mounted on the exterior of the trailer's front wall. An enclosed trailer that is heavily insulated and tightly sealed is considered a refrigerated trailer. Reefer trailers are designed to maintain the temperature of freight when it is loaded, not to increase or decrease the temperature during transportation. Due to the cold chain logistics and people's hectic and tight work schedules, the demand for frozen foods has increased considerably with the development of refrigerated trailers. In the transportation industry, refrigeration trailers are used primarily to transport perishable goods at certain temperatures, so demand is expected to grow over the Projection period for these trailers. Further, the market for refrigerated trailers is expected to grow due to increasing demand for perishable goods. A number of factors have contributed significantly to the growth of the refrigerated trailer market, including the increased demand for packaged food and transforming lifestyles and eating patterns worldwide. Medical and healthcare industries, which require medicines and other products to be transported to multiple locations, are further driving the demand for refrigerated trailers. Further, refrigerated trailers are useful for shipping perishable floral commodities, such as flowers and crop products.

Sample Request: - Global Refrigerated Trailer Market

Market Dynamics:

Drivers:                          

• Cold chain industry rapid expansion

During the past few years, the cold chain industry has grown rapidly, as it preserves and extends the shelf life of perishable products like frozen film, seafood, agricultural produce, pharmaceuticals, and chemicals. Cold chain industries have grown as fast-food companies grow in developed and emerging economies alike. Moreover, the rising demand for ready-to-eat food products is also contributing a large share in the market growth.

Restraints:                                             

• Difficulty in managing the optimum temperature

One major restraining factor for the frozen food market is the need to maintain a constant temperature for sustainability. Other obstacles for the refrigerated trailer market include temperature-controlled freight carriers working in a rapidly changing work environment due to the new Food Safety Modernization Act and the growing complexity of referigertated units.

Opportunities:

• Increasing use of apps used for online grocery shopping

A growing number of grocery shopping apps in the retail sector are driving demand for refrigerated trailers. Consumers are increasingly choosing online grocery shopping as a result of technological advancements, smartphone usage, and internet access, which are boosting the refrigerated trailer market.

Challenges:

• High Cost

Transporting products in refrigerated trailers is more expensive than transporting them in refrigerated vans and vehicles, so local companies do not transport their products in bulk quantities due to their low manufacturing capacity, thus there is no significant demand for refrigerated trailers in the local regions. During the Projection period, this factor is expected to hamper the market growth.

Segmentation Analysis:

The global refrigerated trailer market has been segmented based on type, end-user, and region.

By Type

The type segment includes chilled food and frozen food. The chilled food segment led the largest share of the refrigerated trailer market with a market share of around 62% in 2022. In order to maintain their freshness, cold food products are stored at a temperature between 0 and -5, especially fruits and vegetables. Furthermore, the chilled food sector is one of the fastest-growing segments of the food industry. The convenience ready-to-eat meals offer consumers, as well as the rising demand from restaurants and hotels, are encouraging consumers to consume chilled meals

By End-User

The end-user segment includes meat & seafood, dairy, fruits & vegetables and others. The meat & seafood segment led the largest share of the refrigerated trailer market with a market share of around 335% in 2022. In the refrigerated retail industry, the meat and seafood sector has been the main market for years. Over the last few years, frozen seafood and meat have seen a significant increase in demand. In response to this increase in demand, the refrigerated trailers market is expected to grow during the Projection period. There has been an increased use of refrigerated trailers in cold chain spaces throughout the world. In addition, high food wastage has motivated governments of different countries to utilize cold chain capacity, which has in turn boosted the growth of the refrigerated trailer market.

Global Refrigerated Trailer Market- Sales Analysis.

The sale of refrigerated trailers expanded at a CAGR of 5.1% from 2016 to 2022

Cold storage is increasing because of the increasing demand for food, and businesses are investing in reliable and efficient cold storage logistics to ensure smooth transportation. As a result, the market for refrigerated trailers is expected to grow as the number of cold storage warehouses increases.

Over the Projection period, refrigerated trailer sales will increase due to an increase in the import and export of perishable goods such as fruits and vegetables.

Refrigerated trailers are primarily driven by a few key factors, including rising consumer interest, successful marketing tactics in opportunities, and significant investment in product development. Also, industries are trying to provide an adequate supply of products to meet the growing demand on the market.

A sudden increase in the demand for the transportation of medicines requiring cold chain logistics has been observed in the pharmaceutical industry as well. For example, most of the COVID-19 vaccines must be transported in a refrigerated trailer. As a medicine, especially vaccines, become increasingly necessary, the refrigerated trailer market will grow as well.

Thus, owing to the aforementioned factors, the global refrigerated trailer market is expected to grow at a CAGR of 5.5% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the refrigerated trailer market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the refrigerated trailer market and held a 38.3% share of the market revenue in 2022.

• The North American region witnessed a major share. As the eCommerce boom has increased perishable goods movement across the North American region, production levels for food processing industries have increased, imports of fresh goods have increased, trade between countries has increased, and cost-effective transportation modes have become increasingly important.
• Asia Pacific is anticipated to experience significant growth during the predicted period. Asia-Pacific is expected to lead the refrigerated trailer market during the studied period due to its large population concentration. In China and India, refrigerated trailers are in high demand. A major factor assisting in the growth of cold storage is also the increase in the demand for food. It is expected that a growing number of cold storage warehouses will boost the refrigerated trailer market as businesses invest in reliable and efficient cold storage logistics.

Global Refrigerated Trailer Market - Country Analysis:

• Germany

Germany's refrigerated trailer market size was valued at USD 0.13 billion in 2022 and is expected to reach USD 0.19 billion by 2030, at a CAGR of 5.5% from 2023 to 2030.

As a result, frozen food sales increased by 1.5 percent in 2020 the market growth in the country is expected to rise in the future also. Consumers are increasingly demanding nutritional alternatives for their everyday diets, and as a result, sustainable and healthful food is becoming more popular. Due to these factors, the country has a strong cold chain logistics business, which is leading to an increase in refrigerated trailer demand.

• China

China’s refrigerated trailer market size was valued at USD 0.14 billion in 2022 and is expected to reach USD 0.21 billion by 2030, at a CAGR of 5.7% from 2023 to 2030.

It is expected that leading players in this market will continue to gain market share as consumer disposable income levels increase. In addition, the adoption of cold chain transportation in food and beverage, pharmaceuticals, and vaccine industries across key markets has driven the demand for refrigerated trailers.

• India

India's refrigerated trailer market size was valued at USD 0.10 billion in 2022 and is expected to reach USD 0.15 billion by 2030, at a CAGR of 5.6% from 2023 to 2030.

Due to the easy availability and rising disposable incomes of people in the country, dairy products will continue to drive this market over the Projection period. With the help of freezing milk, bacteria's metabolic activity is slowed down, which helps maintain the quality of the product while transporting it through regular supply channels without the need for extra cold chain equipment or preservatives.

Key Industry Players Analysis:  

To increase their market position in the global refrigerated trailer market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Halvor Lines Inc.
• STI HOLDINGS Inc.
• Humbaur GmbH
• Stevens Transport
• TW Transport
• Montracon Ltd.
• Utility Trailer Manufacturing Co.
• Trane Technologies Plc
• Bay and Bay Transportation
• Manac Inc.
• LAMBERET SAS
• Great Dane LLC
• Schimtz Cargobull AG
• Gray and Adams Ltd.
• KRONE GMBH and CO. KG
• Random Implementos S.A.
• Premier Trailer Mfg. Inc.

Latest Development:

• In September 2021, The FresH2 hydrogen fuel cell project was launched by Bosch and powers a Carrier Vector HE 19 transport refrigeration unit mounted on a semi-trailer built by the French refrigerated vehicle bodybuilder Lamberet.
• In February 2022, Combined with SAF-Holland, a manufacturer of components for trailers and semi-trailers, Kögel, a refrigerated trailer manufacturer, developed a refrigerated trailer with a recuperation axle from their Kögel Cool – PurFerro quality series. An axle that converts kinetic energy into electric current and supplies it to the cooling device reduces CO2 emissions as well as provides other benefits as well.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	5.5%
Market Size	1.8 billion in 2022
Forecast period	2023-2030
Forecast unit	Value (USD)
Segments covered	By Type, By End-User, and By Region.
Report Scope	Revenue forecast, competitive landscape, company ranking, growth factors, and trends
Companies covered	Halvor Lines Inc., STI HOLDINGS Inc., Humbaur GmbH, Stevens Transport, TW Transport, Montracon Ltd., Utility Trailer Manufacturing Co., Trane Technologies Plc, Bay and Bay Transportation, Manac Inc., LAMBERET SAS, Great Dane LLC, Schimtz Cargobull AG, Gray and Adams Ltd., KRONE GMBH and CO. KG, Random Implementos S.A., and Premier Trailer Mfg. Inc.
By Type	Chilled Food Frozen Food
By End-User	Meat & Seafood Dairy Fruits & Vegetables Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Refrigerated Trailer Market by Type:

• Chilled Food
• Frozen Food

Global Refrigerated Trailer Market by End-User:

• Meat & Seafood
• Dairy
• Fruits & Vegetables
• Others

Global Refrigerated Trailer Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- In the political context, the frequency of governmental policies and legislation change is referred to as uncertainty. Because of the continual ambiguity, frequent policy changes affect company performance and make decisions more difficult. the refrigerated trailers should actively watch the political environment and change their strategic priorities as necessary in order to quickly respond to changing policies. the laws that the nation upholds, particularly those that pertain to commerce, like contract law, because they specify what is and isn't permitted to be done. For instance, whereas other governments have an overgrown bureaucracy that deters entrepreneurship, some nations forbid alcohol or have tight rules that must be obeyed.

Economic Factors- refrigerated trailers should take into account the rates of economic growth of the various countries while deciding whether to expand worldwide. In countries with strong rates of economic growth, there are more possibilities for pursuing long-term growth objectives. When the economy expands slowly, consumer spending becomes more circumspect, which directly affects the revenue growth of refrigerated trailers. Rising inflation may negatively affect the ability of refrigerated trailers to increase their income since it decreases the purchasing power of money and discourages consumers from making purchases of goods and services.

Social Factors- Economic problems and consumption trends are closely intertwined. When consumers have more money to spend on goods and services to improve their lifestyles, refrigerated trailer benefit from exciting growth potential. This is due to the ease with which new goods and services may be introduced to these clients, as well as the increased likelihood of revenue growth. In order to adjust their marketing mix strategies, refrigerated trailers must closely evaluate the consumption/spending patterns and tastes of today's consumers, who are becoming pickier. the refrigerated trailers must also be able to distinguish between hedonistic and utilitarian motivations for consuming.

Technological Factors- The market and industry as a whole may be affected by the speed and advancement of technological innovation. By studying the forthcoming technological innovation trends, refrigerated trailers will be able to comprehend the rate of new product creation, the length of the product life cycle, and the distinctive qualities that consumers prefer. the refrigerated trailer can analyze consumer perceptions of cutting-edge, new digital technologies to decide whether moving to e-commerce will be more advantageous than opening a physical presence.

Environmental Factors-  A significant trend in many industries is the development of renewable technology to reduce reliance on natural resources. the refrigerated trailer should evaluate how well a country's technological infrastructure supports the use of renewable technologies in order to capitalize on this environmental trend. Governments in certain regions of the world offer alluring incentives to adopt renewable energy. the refrigerated trailer may be able to reach its objectives for sustainable business growth by seizing the chance and making investments in renewable energy sources.

Legal Factors- When entering or operating in certain countries, the refrigerated trailer should ensure the security of the workplace. Both direct and indirect discrimination must be prevented, thus the right processes must be in place. Effective adherence to employment laws can help refrigerated trailer improve their employer brand reputation, which is essential for attracting and retaining top talent in the market. Health and safety laws were formed as a result of witnessing the horrifying conditions that people had to work in during and immediately after the industrial revolution.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Cold chain industry rapid expansion
   • 3. Restraints
     • 3.1. Difficulty in managing the optimum temperature
   • 4. Opportunities
     • 4.1. Increasing use of apps used for online grocery shopping
   • 5. Challenges
     • 5.1. High Cost

6. Global Refrigerated Trailer Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Chilled Food
   • 3. Frozen Food
7. Global Refrigerated Trailer Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Meat & Seafood
   • 3. Dairy
   • 4. Fruits & Vegetables
   • 5. Others
8. Global Refrigerated Trailer Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Refrigerated Trailer Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Refrigerated Trailer Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Halvor Lines Inc.
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • STI HOLDINGS Inc.
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Humbaur GmbH
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Stevens Transport
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • TW Transport
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Montracon Ltd.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Utility Trailer Manufacturing Co.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Trane Technologies Plc
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Bay and Bay Transportation
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Manac Inc.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • LAMBERET SAS
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Great Dane LLC
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Schimtz Cargobull AG
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Gray and Adams Ltd.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • KRONE GMBH and CO. KG
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Random Implementos S.A.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Premier Trailer Mfg. Inc.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
2. Global Chilled Food, Refrigerated Trailer Market, By Region, 2023–2030 (USD Billion)
3. Global Frozen Food, Refrigerated Trailer Market, By Region, 2023–2030 (USD Billion)
4. Global Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
5. Global Meat & Seafood, Refrigerated Trailer Market, By Region, 2023–2030 (USD Billion)
6. Global Dairy, Refrigerated Trailer Market, By Region, 2023–2030 (USD Billion)
7. Global Fruits & Vegetables, Refrigerated Trailer Market, By Region, 2023–2030 (USD Billion)
8. Global Others, Refrigerated Trailer Market, By Region, 2023–2030 (USD Billion)
9. Global Refrigerated Trailer Market, By Region, 2023–2030 (USD Billion)
10. North America Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
11. North America Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
12. USA Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
13. USA Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
14. Canada Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
15. Canada Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
16. Mexico Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
17. Mexico Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
18. Europe Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
19. Europe Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
20. Germany Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
21. Germany Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
22. France Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
23. France Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
24. UK Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
25. UK Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
26. Italy Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
27. Italy Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
28. Spain Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
29. Spain Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
30. Asia Pacific Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
31. Asia Pacific Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
32. Japan Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
33. Japan Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
34. China Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
35. China Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
36. India Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
37. India Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
38. South America Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
39. South America Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
40. Brazil Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
41. Brazil Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
42. Middle East and Africa Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
43. Middle East and Africa Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
44. UAE Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
45. UAE Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)
46. South Africa Refrigerated Trailer Market, By Type, 2023–2030 (USD Billion)
47. South Africa Refrigerated Trailer Market, By End-User, 2023–2030 (USD Billion)

List of Figures 

1. Global Refrigerated Trailer Market Segmentation
2. Refrigerated Trailer Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Refrigerated Trailer Market Attractiveness Analysis By Type
9. Global Refrigerated Trailer Market Attractiveness Analysis By End-User
10. Global Refrigerated Trailer Market Attractiveness Analysis By Region
11. Global Refrigerated Trailer Market: Dynamics
12. Global Refrigerated Trailer Market Share By Type (2023 & 2030)
13. Global Refrigerated Trailer Market Share By End-User (2023 & 2030)
14. Global Refrigerated Trailer Market Share by Regions (2023 & 2030)
15. Global Refrigerated Trailer Market Share by Company (2021)