The refrigerated trailer market has witnessed significant growth over the past few years owing to the growth of the food and beverages industry. Refrigerated trailers play a vital role in safely transporting perishable goods such as meat, dairy products, fish, vegetables, and fruits over long distances. With the rising demand for processed and frozen food products, demand for refrigerated trailers has also increased substantially. Refrigerated trailers ensure perishable commodities are delivered fresh by maintaining optimal temperatures during transit.

The global refrigerated trailer market is estimated to be valued at US$ 5.07 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031.

With rapid urbanization and increasing disposable income, demand for convenience and processed food has increased significantly. This has propelled the need for reliable cold chain logistics for transporting perishable commodities safely from production facilities to retail locations. Refrigerated trailers allow food producers, distributors, as well as retailers to efficiently manage inventory and reduce wastage.

Key Takeaways

Key players operating in the refrigerated trailer market are Airbiquity, Amazon, Bosch, CloudMade, Connexion, Continental, Denso, Ericsson AB, Harman, Intellias, LG Electronics, Microsoft, Sierra Wireless, Telenav, and Verizon. These players are focusing on developing advanced temperature monitoring and tracking systems to provide end-to-end visibility and ensure cargo safety.

There is immense scope for Refrigerated Trailer Market Demand expansion in emerging economies owing to growing consumerism. Rapidly developing cold chain infrastructure and support from government initiatives will drive the adoption of refrigerated trailers. Increased integration of telematics solutions by fleet owners and logistics companies provides opportunities for service providers to offer value-added services.

North America dominated the global refrigerated trailer market in 2023. However, Asia Pacific is expected to witness the highest growth during the forecast period owing to rising consumption of processed food and meat in China and India. Manufacturers are also shifting production bases to Asia in response to growing demand.

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