Global Refrigerated Truck Market expected to proliferate by the increased demand for frozen perishable commodities and prevention of pharmaceuticals drugs
The global refrigerated truck market estimated to mounting at an extensive rate during the proposed period 2020-2027. Due to the expansion of food processing and packaged food sectors, and their augmented demand has heightened cold chain transport, which led to robust the refrigerated truck or reefer truck market. Additionally, the flourishing e-commerce industry and retail store business would accelerate the global refrigerated truck market in the upcoming periods.
To reduce costs, increase production, and to facilitate the maintenance, refrigerated trucks will inevitably develop in a standardized and serialized direction. With the construction and development of highways, heavy vehicles and semi-trailers will become the main tools for refrigerated transportation for long-distance and allocated highways are developing rapidly. The light refrigerated and micro-insulated trucks have rapidly adopted as the main tools of short-distance and distributed transportation.
Moreover, the increasing urbanization, growth of organized retail, food servicing, and food processing sector are boosting the growth of global refrigerated truck in the upcoming periods. Additionally, the surge in demand for the refrigerated truck in the food field, medical and health field, high-precision electronics industry field, chemical industry, fresh-keeping of flowers, and transportation of other items will promulgate the global refrigerated truck. Furthermore, the growing demand for perishable commodities and ease of cross-border movement of perishable goods will trigger the growth of global refrigerated truck in the expected period.
Vehicle Type Overview in the Global Refrigerated Truck Market
Based on vehicle type, the global refrigerated truck market categorized into Light commercial vehicles, Medium-Heavy Commercial Vehicles, and Heavy Commercial Vehicles. Medium-Heavy Commercial Vehicles segment expected to dominate the market during the forecast period, 2020-2027. Owing to the growth in the delivery of perishable food products such as dairy products and pharmaceutical drugs for short-distance transportation and exact estimated time.
Technology Overview in the Global Refrigerated Truck Market
Based on technology, the Global refrigerated truck market bifurcated into Vapor Compression Systems and Cryogenic Systems. The Vapor Compression Systems segment will lead the market owing to its potential to reduce the overall energy consumption and environmental impacts. The vapor compression refrigeration systems commonly employed in food transport refrigeration.
Application Overview in the Global Refrigerated Truck Market
Based on the application, the global refrigerated truck market classified into foodstuffs, milled grain products, meats products, agriculture products, alcoholic beverages, pharmaceuticals, and others. The foodstuff segment is estimated to occupy a significant share in the market by 2027 on account of the changing consumer preferences and cross-culture diversification for frozen food and chilled foods.
Regional Overview in the Global Refrigerated Truck Market
By geography, the Global refrigerated truck market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific expected to dominate the market by 2027 owing to the rapid industrialization, along with growing demand for fresh vegetable supplies, improvement in infrastructure.
North America will foster by the huge demand for temperature-sensitive products such as dairy, beverages, and meat products.
Global Refrigerated Truck Market: Competitive Landscape
Companies such as Kogel Trailer GmbH & Co, Hyundai Translead Inc., Wabash National Corporation, KRONE, GRW Tankers, and Trailers, Schmitz Cargobull AG, Great Dane LLC, and China International Marine Containers (Group) are the key players in the Global Refrigerated Truck Market.
Global Refrigerated Truck Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Competitors & Product Analysis
4.4. Regulatory Framework
4.5. Company market share analysis, 2019
4.6. Porter's Five forces analysis
4.7. New Investment Analysis
4.8. PESTEL Analysis
5. Global Refrigerated Truck Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.1.2. Consumption
5.1.2.1. By Volume (Number of Units)
5.1.3. Supply/Production
5.1.3.1. By Volume (Number of Units)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Vehicle Type
5.2.1.1. Light commercial Vehicle
5.2.1.2. Medium-Heavy Commercial Vehicles
5.2.1.3. Heavy Commercial Vehicles
5.2.2. By Temperature
5.2.2.1. Single Temperature
5.2.2.2. Multi-temperature
5.2.3. By Technology
5.2.3.1. Vapor Compression Systems
5.2.3.2. Cryogenic Systems
5.2.4. By Application
5.2.4.1. Foodstuffs
5.2.4.2. Milled grain products
5.2.4.3. Meats products
5.2.4.4. Agriculture Products
5.2.4.5. Alcoholic beverages
5.2.4.6. Pharmaceuticals
5.2.4.7. Others
5.2.5. By Region
5.2.5.1. Europe
5.2.5.2. North America
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.5. Middle East & Africa
6. Europe Refrigerated Truck Market Overview
6.1. Europe Refrigerated Truck Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.1.2. Consumption
6.1.2.1. By Volume (Number of Units)
6.1.3. Supply/Production
6.1.3.1. By Volume (Number of Units)
6.2. Europe Refrigerated Truck Market Share & Forecast, 2016-2027
6.2.1. By Vehicle Type (Light commercial vehicle, Medium-Heavy Commercial Vehicles, and Heavy Commercial Vehicles)
6.2.2. By Temperature (Single and Multi-temperature)
6.2.3. By Technology (Vapor Compression Systems and Cryogenic Systems)
6.2.4. By Application (Foodstuffs, Milled grain products, Meats products, Agriculture products, Alcoholic beverages, Pharmaceuticals, and Others)
6.2.5. By Country
6.2.5.1. Germany
6.2.5.2. UK
6.2.5.3. France
6.2.5.4. Italy
6.2.5.5. Rest of Europe
6.2.6. By Price Point Analysis
6.2.7. Company Market Share (Top 3-5)
6.2.8. Manufacturer & Distributor List (Top 5)
6.2.9. Economic Impact Study on North America Refrigerated Truck Market
7. North America Refrigerated Truck Market Overview
7.1. North America Refrigerated Truck Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.1.2. Consumption
7.1.2.1. By Volume (Number of Units)
7.1.3. Supply/Production
7.1.3.1. By Volume (Number of Units)
7.2. North America Refrigerated Truck Market Share & Forecast, 2016-2027
7.2.1. By Vehicle Type (Light commercial vehicle, Medium-Heavy Commercial Vehicles, and Heavy Commercial Vehicles)
7.2.2. By Temperature (Single and Multi-temperature)
7.2.3. By Technology (Vapor Compression Systems and Cryogenic Systems)
7.2.4. By Application (Foodstuffs, Milled grain products, Meats products, Agriculture products, Alcoholic beverages, Pharmaceuticals, and Others)
7.2.5. By Country
7.2.5.1. US
7.2.5.2. Canada
7.2.5.3. Mexico 7.2.6. By Price Point Analysis
7.2.7. Company Market Share (Top 3-5)
7.2.8. Manufacturer & Distributor List (Top 5)
7.2.9. Economic Impact Study on Europe Refrigerated Truck Market
8. Asia Pacific Refrigerated Truck Market Overview
8.1. Asia Pacific Refrigerated Truck Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.1.2. Consumption
8.1.2.1. By Volume (Number of Units)
8.1.3. Supply/Production
8.1.3.1. By Volume (Number of Units)
8.2. Asia Pacific Refrigerated Truck Market Share & Forecast, 2016-2027
8.2.1. By Vehicle Type (Light commercial vehicle, Medium-Heavy Commercial Vehicles, and Heavy Commercial Vehicles)
8.2.2. By Temperature (Single and Multi-temperature)
8.2.3. By Technology (Vapor Compression Systems and Cryogenic Systems)
8.2.4. By Application (Foodstuffs, Milled grain products, Meats products, Agriculture products, Alcoholic beverages, Pharmaceuticals, and Others)
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Australia
8.2.5.5. Rest of Asia Pacific
8.2.6. By Price Point Analysis
8.2.7. Company Market Share (Top 3-5)
8.2.8. Manufacturer & Distributor List (Top 5)
8.2.9. Economic Impact Study on Asia Pacific Refrigerated Truck Market
9. South America Refrigerated Truck Market Overview
9.1. South America Refrigerated Truck Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.1.2. Consumption
9.1.2.1. By Volume (Number of Units)
9.1.3. Supply/Production
9.1.3.1. By Volume (Number of Units)
9.2. South America Refrigerated Truck Market Share & Forecast, 2016-2027
9.2.1. By Vehicle Type (Light commercial vehicle, Medium-Heavy Commercial Vehicles, and Heavy Commercial Vehicles)
9.2.2. By Temperature (Single and Multi-temperature)
9.2.3. By Technology (Vapor Compression Systems and Cryogenic Systems)
9.2.4. By Application (Foodstuffs, Milled grain products, Meats products, Agriculture products, Alcoholic beverages, Pharmaceuticals, and Others)
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Rest of South America
9.2.6. By Price Point Analysis
9.2.7. Company Market Share (Top 3-5)
9.2.8. Manufacturer & Distributor List (Top 5)
9.2.9. Economic Impact Study on South America Refrigerated Truck Market
10. Middle East & Africa Refrigerated Truck Market Overview
10.1. Middle East & Africa Refrigerated Truck Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.1.2. Consumption
10.1.2.1. By Volume (Number of Units)
10.1.3. Supply/Production
10.1.3.1. By Volume (Number of Units)
10.2. Middle East & Africa Refrigerated Truck Market Share & Forecast, 2016-2027
10.2.1. By Vehicle Type (Light commercial vehicle, Medium-Heavy Commercial Vehicles, and Heavy Commercial Vehicles)
10.2.2. By Temperature (Single and Multi-temperature)
10.2.3. By Technology (Vapor Compression Systems and Cryogenic Systems)
10.2.4. By Application (Foodstuffs, Milled grain products, Meats products, Agriculture products, Alcoholic beverages, Pharmaceuticals, and Others)
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East & Africa
10.2.6. By Price Point Analysis
10.2.7. Company Market Share (Top 3-5)
10.2.8. Manufacturer & Distributor List (Top 5)
10.2.9. Economic Impact Study on Middle East & Africa Refrigerated Truck Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Kogel Trailer GmbH & Co
11.7.2. Hyundai Translead Inc.
11.7.3. Wabash National Corporation
11.7.4. KRONE
11.7.5. GRW Tankers and Trailers
11.7.6. Schmitz Cargobull AG
11.7.7. Great Dane LLC
11.7.8. China International Marine Containers (Group)
11.7.9. Other Prominent Players
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