Global refrigerated trailer market was valued at 1200 M USD in 2016 and projected to expand at a CAGR of 3.3% during forecast period to account for US$ 1460 M USD by the end of 2022.
Trailer refrigeration system installed on a trailer which designed to carry perishable freight at specific temperatures.
By product type, Single Temperature type was the largest segment in the refrigerated trailer market, accounting for 57% share in 2016.
The ongoing report on Trailer Refrigeration System Market-Global Industry Analysis and Forecast to 2025 refreshed by Alexa Reports offers a wide viewpoint of current patterns controlling over the worldwide market.
On the basis of end use, the market has been segmented into dairy, fruits & vegetables, meat & sea food and others (confectionary, bakery and medicinal products). Globally, meat & seafood was the predominant end use segment, and is expected to account for 28% share by 2022 due to increasing demand for packaged meat and seafood across the globe.
Key market participants covered in the report include Thermo King, Carrier Transicold, MHI, Zanotti, Kingtec, Hubbard and etc.
The global refrigerated trailer market has been segmented into five major regions, which include North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. North America was the largest market for a refrigerated trailer, accounting for over 43% share in 2016. Asia Pacific is anticipated to be the fastest growing region in the refrigerated trailer market over the forecast period.
The HT nitro thermotech concept trailer is optimal for transporting cold chain products. temperatures are reduced more quickly than a traditional refrigeration unit and maintained with precise control of desired temperatures. the intelligent control system and independent cooling power maximize thermal efficiency. the HT nitro thermotech concept trailer is not affected by outside temperatures. maximum power is always available, even when the truck’s engine is off or idling. ‘this refrigerated trailer concept represents a significant advancement in our continued commitment to corporate social responsibility,’ said bongjae lee, chief executive officer of hyundai translead. ‘by developing innovative technology, hyundai translead is helping address climate change. the HT nitro thermotech reduces pollutants and emissions while providing reliable and effective cold chain food transportation.
The report highlights information review by key players’ profiles, and their advancements in the field. Our exploration examiners have utilized approved information and essential research sources to give the market inquired report. The report publicizes players, their systems and proposes result-sorted out methods to extend a compelling edge in the Trailer Refrigeration System market.
The target of Trailer Refrigeration System reports is to framework, fragment, and task the market on the possibility of item types, application, and locale, and to explain the variables concerning the elements affecting worldwide Trailer Refrigeration System market elements, approaches, financial matters, and innovation and so forth.
By Key Players: Thermo King, Carrier Transicold, MHI, Zanotti, Kingtec, Hubbard, Global Other
By Types Analysis: Single Temperature, Multi-Temperature,
By Application Analysis: Meat & Sea food, Fruits & Vegetables, Dairy, Others,
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Different investigation procedures applied to give Trailer Refrigeration System data on contender’s techniques; past information, and future deals and market patterns. Entrepreneurs thinking of the present clients and arriving at the objective the market can profit of the logical data from various districts, to infer dynamic movements. Those are accepted to worldwide Trailer Refrigeration System market transformative impact on future deals. Bits of knowledge on any place the Trailer Refrigeration System market should head all through the forecasts to 2025 and significant players in the business.
Overall Answers to your Key Inquiries:
- What will be the global market size and therefore the development rate by 2025?
- What are the key components driving and elements of the market?
- Who are the global market players and what are their methodologies?
- Drifting elements poignant the Trailer Refrigeration System market share in growing regions North America, Europe, Asia Pacific, South America, Middle East & Africa?
- What are the patterns, difficulties, and limits poignant Trailer Refrigeration System developments?
- What are the market openings and methods adopted and seen by the players?
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