Refrigerated Truck Market 2021 | Worldwide Opportunities, Driving Forces, Future Potential 2028: Kögel Trailer GmbH & Co.KG (Germany),Hyundai Translead. Inc. (US)
Research Reports
May 24, 2022
Global Refrigerated Truck Market Overview
A refrigerated truck or a van, or a lorry is a carrier specifically designed in a manner that allows you to carry specific goods over a set temperature. This is mostly done to transport perishable commodities, which lose their primary form when not given a subtle temperature. This is required to be carried out by the long-distance refrigerated truck, which is articulated in the form of careers. Apart from transporting goods, they are also used for moving dead bodies. The proper storage of a dead body while its movement is important because nay chances of the body losing its basic form can turn ugly. But primarily, Refrigerated Truck is used to transport perishable products like ice creams, butter, and other products.
The Refrigerated Truck Market is estimated to stand at a global share of $10.5 billion by the forecast period of 2028. The share continues to grow so at a CAGR rate of 5.1%.
The demand for these vehicles has been growing, and various factors have influenced them. The vehicle works on the cooling principle. In its compressed form, Liquid nitrogen is primarily used as a cooling agent that barely has any side effects. For the transport of volatile materials, it is quite important to own a proper vehicle at no chances of risk. With the increased concern for health and safety, it has also become a mandate for authorities to ensure the cleanliness and the maintenance of the vehicles. The number of vehicles launched by the day has risen. The demand for such facilities in society has made many people opt for the top delivering companies. This also ensures a quality deliverance and boost in the Refrigerated Truck Market.
Trucks of all different types and spaces are being introduced by the day. A good investment in the day always makes sure of the fact that the industrial fronts live up to the expectations of the consumers. Also, an expansion in food and beverages can boost the Refrigerated Trucks over healthy growth, enhancing their growth.
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Refrigerated Truck Market: Prominent Players
Kögel Trailer GmbH & Co.KG (Germany),Hyundai Translead. Inc. (US),Wabash National (US),Fahrzeugwert Bernard Krone Gmbh & Co.KG (Germany),China International Marine Containers (Group) Ltd. (China),GRW Tankers and Trailers (US),Lamberet SAS (France),Great Dane LLC (US),Chereau (France),Schmitz Cargobull AG (Germany), and others.
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Market Segmentation
The Refrigerated Truck Market is segmented based on the type of vehicles. That might be a lighter or a heavy vehicle. It is also segmented based on the food and beverages transported over the vehicles.
Based on the vehicle type, the transportation is done according to the vehicle’s size, which signifies the number of goods carried over distances. The decent storage and capacity of the vehicle are what I looked for the most.
Based on the food and beverage fragmentation, the Refrigerated Truck Market is based on the standard market value of the food varieties and the demand for the food among the consumers.
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Regional Analysis
The Refrigerated Truck Market is regionally segmented based on the areas of North America and Middle-East Africa. The largest part of the market is globally spread over the Asia-Pacific dominance.
The global Refrigerated Trucks market is geographically segmented into five regions of North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). Asia Pacific captured the largest share in the global Refrigerated Trucks market over the forecast period. This can be owed to the burgeoning infrastructural developments and ascension in the automotive sector. Developing countries like India and China are contributing heavily to the growth of the regional Refrigerated Trucks market over the forecast period. With a rise in the demand for paper packaging materials, coupled with increasing disposable income, are anticipated to push growth in the regional Refrigerated Trucks market. In addition, significant growth observed in the e-commerce industry in the region is likely to lead to higher demand for tapes and labels, hence driving the Refrigerated Trucks market.
North America and Europe are assessed to exhibit sluggish growth owing to the matured automotive industry and packaging industry. The Middle East & Africa is expected to pose as a potential growth pocket for water-soluble adhesives owing to the massive investment in the building & construction industry.
Industry News
The Refrigerated Truck Market is estimated to stand at a global share of $10.5 billion by the forecast period of 2026. The share continues to grow so at a CAGR rate of 5.1%.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Capacity Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
6 Global Refrigerated Truck Market, By Type
6.1 Introduction
6.2 Light Commercial Vehicle
6.2.1 Market Estimates & Forecast, 2020–2026
6.2.2 Market Estimates & Forecast, By Region, 2020–2026
6.3 Medium Commercial Vehicle
6.3.1 Market Estimates & Forecast, 2020–2026
6.3.2 Market Estimates & Forecast, By Region, 2020–2026
6.4 Heavy Commercial Vehicle
6.4.1 Market Estimates & Forecast, 2020–2026
6.4.2 Market Estimates & Forecast, By Region, 2020–2026
Continue…
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