Market Overview:
The global light duty refrigerated van market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for chilled and frozen food items, rising disposable income, and growing urbanization. In terms of type, the frozen transport segment is expected to hold the largest share of the global light duty refrigerated van market during the forecast period. This can be attributed to increased demand for frozen food items across regions. In terms of application, food and beverages segment is expected to hold a major share in terms of revenue in 2018 owing to high demand for chilled and frozen food items from restaurants, hotels, catering services etc.
Product Definition:
A light duty refrigerated van is a vehicle that is specifically designed to transport food and other perishable items. These vans have climate-controlled interiors that keep the temperature within a certain range in order to preserve the cargo. This type of van is important for businesses that need to transport food or other perishables, as it helps ensure that these items stay fresh during transit.
Frozen Transport:
Frozen transport is a mode of transportation in which the vehicle’s temperature is kept at a constant level. It helps to maintain the quality and freshness of perishable goods by preventing them from spoilage due to extreme temperatures. The van has an insulated body that protects food and other items placed inside it from spoilage, thus, enabling it to deliver products safely and on time.
Chilled Transport:
Chilled transport is a mode of transportation that keeps the products fresh and cold during the journey. It helps in reducing food wastage, which is one of its major advantages. The product can be either transported through an ice-based system or a chilled box system. In case of LDRV, it plays an important role in minimizing food wastage as most of the perishable goods are sold at a very low price and have short shelf lives.
Application Insights:
The food and beverage application segment led the global light duty refrigerated van market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for fruits, vegetables, dairy products and other foods from various regions including Central and South America, Asia Pacific, Middle East countries among others.
The healthcare application segment was valued at USD 646 million in 2017 owing to its wide usage for cold chain solutions across various industries such as pharmaceuticals among others which require stringent temperature control during transportation of valuables or perishable goods. Growing healthcare spending along with increasing investments by governments in developing healthcare infrastructure is expected to boost industry growth over the forecast period.
Regional Analysis:
Europe emerged as the largest regional market in 2017. The region is expected to dominate the industry over the forecast period owing to increasing demand for light-duty refrigerated vans from various application segments, including food and beverage, healthcare and others. North America is also projected to witness significant growth over the coming years due to rising demand for frozen foods across U.S., Canada and Mexico. Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 5% during the forecast period on account of rapid expansion of retail outlets, restaurants and hotels in China, India, Thailand among other Southeast Asian countries that will drive product adoption across this region.
Growth Factors:
- Increasing demand for perishable goods and food items: The global population is growing at a fast pace and with it the demand for fresh food items is also increasing. This is driving the growth of the light duty refrigerated van market as these vehicles offer an efficient way to transport perishables from one place to another.
- Rising popularity of online grocery shopping: A large number of people are now preferring to do their grocery shopping online, which is boosting the demand for light duty refrigerated vans. These vehicles offer an ideal solution for transporting groceries from distribution centers to consumers’ homes.
- Proliferation of convenience stores: Convenience stores are becoming increasingly popular across the world as they offer a one-stop shop for all kinds of products and services. This is fueling the growth of the light duty refrigerated van market as these vehicles can be used to transport chilled and frozen items to these stores quickly and efficiently.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Duty Refrigerated Van Market Research Report
By Type
Frozen Transport, Chilled Transport
By Application
Food and Beverages, Healthcare, Others
By Companies
Great Dane Trailers, Utility Trailer Manufacturing Company, CIMC, Wabash National Commercial Trailer Products, STI Holdings, ST Engineering, Manac, Hyundai Translead
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Light Duty Refrigerated Van Market Report Segments:
The global Light Duty Refrigerated Van market is segmented on the basis of:
Types
Frozen Transport, Chilled Transport
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Great Dane Trailers
- Utility Trailer Manufacturing Company
- CIMC
- Wabash National Commercial Trailer Products
- STI Holdings
- ST Engineering
- Manac
- Hyundai Translead
Highlights of The Light Duty Refrigerated Van Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Frozen Transport
- Chilled Transport
- By Application:
- Food and Beverages
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Duty Refrigerated Van Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the major companies in the light duty refrigerated van market are Great Dane Trailers, Utility Trailer Manufacturing Company, CIMC, Wabash National Commercial Trailer Products, STI Holdings, ST Engineering, Manac, Hyundai Translead.
The light duty refrigerated van market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Duty Refrigerated Van Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Duty Refrigerated Van Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Duty Refrigerated Van Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Duty Refrigerated Van Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Duty Refrigerated Van Market Size & Forecast, 2018-2028
4.5.1 Light Duty Refrigerated Van Market Size and Y-o-Y Growth
4.5.2 Light Duty Refrigerated Van Market Absolute $ Opportunity
Chapter 5 Global Light Duty Refrigerated Van Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Duty Refrigerated Van Market Size Forecast by Type
5.2.1 Frozen Transport
5.2.2 Chilled Transport
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Duty Refrigerated Van Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Duty Refrigerated Van Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Healthcare
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Duty Refrigerated Van Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Duty Refrigerated Van Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Duty Refrigerated Van Analysis and Forecast
9.1 Introduction
9.2 North America Light Duty Refrigerated Van Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Duty Refrigerated Van Market Size Forecast by Type
9.6.1 Frozen Transport
9.6.2 Chilled Transport
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Duty Refrigerated Van Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Healthcare
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Duty Refrigerated Van Analysis and Forecast
10.1 Introduction
10.2 Europe Light Duty Refrigerated Van Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Duty Refrigerated Van Market Size Forecast by Type
10.6.1 Frozen Transport
10.6.2 Chilled Transport
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Duty Refrigerated Van Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Healthcare
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Duty Refrigerated Van Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Duty Refrigerated Van Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Duty Refrigerated Van Market Size Forecast by Type
11.6.1 Frozen Transport
11.6.2 Chilled Transport
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Duty Refrigerated Van Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Healthcare
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Duty Refrigerated Van Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Duty Refrigerated Van Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Duty Refrigerated Van Market Size Forecast by Type
12.6.1 Frozen Transport
12.6.2 Chilled Transport
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Duty Refrigerated Van Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Healthcare
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Duty Refrigerated Van Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Duty Refrigerated Van Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Duty Refrigerated Van Market Size Forecast by Type
13.6.1 Frozen Transport
13.6.2 Chilled Transport
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Duty Refrigerated Van Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Healthcare
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Duty Refrigerated Van Market: Competitive Dashboard
14.2 Global Light Duty Refrigerated Van Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Great Dane Trailers
14.3.2 Utility Trailer Manufacturing Company
14.3.3 CIMC
14.3.4 Wabash National Commercial Trailer Products
14.3.5 STI Holdings
14.3.6 ST Engineering
14.3.7 Manac
14.3.8 Hyundai Translead
