A trailer refrigeration unit is used to carryout fresh consignment at particular temperatures. Across several parts of globe, changing lifestyles and economic growth are indirectly benefiting trailer refrigeration unit market. The global trailer refrigeration unit market is projected to witness considerable growth during the forecast period due to increased demand for package food, rise in logistic business and wide use of trailer refrigeration unit in cold chain space.
Increasing consumer demand for frozen and chilled foods has boosted the growth of quick service restaurants such as Dominos, KFC, McDonald’s and super markets, which increases the trailer refrigeration market. To fulfill consumers’ expectations, manufacturers, dealers and retailers demands trailer refrigeration unit for transportation of products. In addition, the rising imports and exports activities of products is foreseen to bolster the trailer refrigeration unit market over the forecast period.
Trailer Refrigeration Unit Market: Dynamics
The global trailer refrigeration unit market is mainly driven by the increasing demand for chilled and frozen products. In addition, increasing sales of commercial vehicles plays an important role to drive the trailer refrigeration unit market. The rising urbanization along with increasing middle class population demands for ready-to-eat food drives the trailer refrigeration unit market.
Rising number of women in workforce is leading to an increase in the demand for ready-to-eat food, which drives the trailer refrigeration unit market. In addition, the increasing applications of trailer refrigeration unit in cold chain space drives the market growth. Since high food wastage has increased the attention of government on cold chain capacity, the government support and expansion of cold chain capacity are expected to boost the trailer refrigeration unit market growth during the forecast period.
However, the cabin comfort norms act as restraints for trailer refrigeration unit market, mainly in developed regions. In addition, the health concerns regarding consumption of frozen fruits and vegetables is a major challenge for global trailer refrigeration unit market.
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Trailer Refrigeration Unit Market: Segmentation
The global trailer refrigeration unit market is segmented on the basis of product type, end users and applications.
Based on application, the global trailer refrigeration unit market can be segmented as follows:
- Constant temperature
- Variable-temperature
Based on product type, the global trailer refrigeration unit market can be segmented as follows:
By end users, the global trailer refrigeration unit market can be segmented as follows:
- Fruits & Vegetables
- Dairy
- Meat & Seafood
- Others (Medicines, Bakery products, etc.)
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Trailer Refrigeration Unit Market: Key Players
The key players of global trailer refrigeration unit market are as follows:
- Wabash National Commercial Trailer Products
- Schmitz Cargobull AG
- Randon Implementos
- Kogel Trailer GmbH & Co. KG
- Montracon Ltd.
- Great Dane Trailers, Inc.
- Utility Trailer Manufacturing Company
- Gray and Adams Ltd
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