Refrigerated trailers are refrigerated trucks used to transport perishable goods such as meat, dairy products, vegetables and other food items over long distances while maintaining required temperatures. These trailers have advanced insulation and refrigeration systems to ensure safe delivery of goods.

The global Refrigerated Trailer Market is estimated to be valued at US$ 4.4 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

One of the key trends in the refrigerated trailer market is the growing adoption of telematics systems. Telematics allows fleet operators to track trailers in real-time, monitor temperature fluctuations, fuel usage and asset utilization. It provides insights to optimize operations and reduce costs. Many refrigerated trailers now come installed with advanced telematics capabilities. Manufacturers are also focusing on developing sustainable refrigerants and adopt new technologies like battery-electric systems to reduce environmental impact.
Segment Analysis
The global refrigerated trailer market is segmented by type into frozen and chilled. The frozen segment dominates the market and is expected to continue its dominance over the forecast period due to high consumption of frozen food such as meat, seafood, poultry, and dairy products globally. Frozen trailers offer temperature controlled environment between -10°C to -40°C, which is ideal for transportation of frozen food items over long distances.

Key Takeaways
The Global Refrigerated Trailer Market Size is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing demand for temperature-controlled logistics from food processing industries.

Regional analysis
North America dominates the global refrigerated trailer market with a share of over 35%, followed by Europe and Asia Pacific. Rising consumption of perishable food items and growing organized retail sector in the US and Canada is fueling the demand for refrigerated trailers in North America.

Key players
Key players operating in the refrigerated trailer 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. Hyundai Translead and Great Dane Trailers lead the market owing to their diverse product portfolio and strong distribution network across key markets.

For more insights, Read-

https://www.zupyak.com/p/3948639/t/the-refrigerated-trailer-market-is-estimated-to-witness-high-growth-owing-to-increased-demand-for-chilled-and-frozen-food-transportation