Call for Convenience Food to drive the Refrigerated Trailer Market

Rapid urbanization has prompted the middle class population to opt for ready-to-eat food, which has, in turn, accelerated the refrigerated trailer market. Plus, there are increasing numbers of women joining the workforce. This fact doesn’t leave quality time for cooking afresh.

The emerging economies are also vying for perishable foodstuff like seafood, meat, vegetables, and fruits. This factor is expected to drive demand for cold storage infrastructure and refrigerated food transformation. Demand related to dairy products is also too much to talk about. This factor is also driving the refrigerated trailer market.

There are stern governments’ norms in place with respect to reduction of food wastage and increase in food safety. The third party logistics companies that are abreast with the latest technology have truck trailers – non-refrigerated as well as refrigerated in the form of major assets. The companies mentioned above do operate the refrigerated trailers for close to 5 years, after which they are put through scrap and new—fangled ones are bought.

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The current scenario is such that refrigerated trailers are being replaced, so as to save on turnaround time and update the technological capabilities. The status quo is expected to remain unchanged in the upcoming period as well. Persistence Market Research has mentioned about these developments with insights in its latest market study entitled “Refrigerated Trailer Market”.

Refrigerated Trailer Market categorization

The global refrigerated trailer market, by type of product, spans chilled food and frozen food. By end—user, it’s fruits & vegetables, dairy, meat & seafood, and likewise (bakery, medical product, confectionery). Out of these, chilled food holds the largest market share, followed by frozen food. Also, meat & seafood are keeping the revenue registers ringing. Persistence Market Research has mentioned about these details with probable calls to action in its latest market study entitled “Refrigerated Trailer Market”.

Region—wise Snapshot

North America holds the largest market share due to an excessive demand for seafood and meat in the US. Europe stands second on this count. However, the Asia—Pacific is expected to grow at the fastest rate in the refrigerated trailer market in the upcoming period due to growing preference for frozen refrigerated trailers. Persistence Market Research has mentioned about these developments with insights in its latest market study entitled “Refrigerated Trailer Market”.

The Competitive Trailer

Persistence Market Research has profiled the key players in refrigerated trailer market as Wabash National Commercial Trailer Products, Greaat Dane Trailers, Inc., Utility Trailer Manufacturing Company, Schmitz Cargobull AG, Fahrzeugwerk Bernard KRONE GmbH, Kogel Trailer GmbH & Co. KG, Lamberet Refrigerated SAS, Montracon Ltd., Gray & Adams Ltd., Randon Implementos, and likewise. It has gone further with mentioning about the developments in the form of mergers and acquisitions, partnerships, joint ventures, and new product launches.

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What’s further?

Refrigerated trailer market, due to competitive advantages offered by refrigerated trailers like humidity level and ideal temperature as compared to the other batteries, iis expected to grow unabated between 2021  and 2031 – Persistence Market Research

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