Market Overview:
The global refrigerated trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for refrigerated trucks for transportation of food and drinks, pharmaceuticals, and other items. In addition, the growing e-commerce sector is also contributing to the growth of this market. The global refrigerated truck market can be segmented on the basis of type into light commercial vehicles (LCVs), medium commercial vehicles (MCVs), and heavy commercial vehicles (HCVs). The LCV segment is expected to account for a major share of the global refrigerated truck market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its low cost and easy maneuverability. The MCV segment is projected grow at a CAGR of 5%, while HCV segments are projectedgrow at 4%. On basis application, food & drinks accounted for majority share in 2017and it will continue its dominance by 2027 with more than 50% shares owingto increasein demandfor cold storage&transportationof perishablesuch as fruits&vegetablesacrossthe globe .
Product Definition:
Refrigerated trucks are used to keep perishable items cold while they're being transported. This is important because it prevents food from spoiling and becoming unsafe to eat.
Light Commercial Vehicle (LCV):
LCV is a type of commercial vehicle that is designed to carry goods and passengers. They are generally built for the purpose of carrying heavy loads over long distances at low speed. LCVs can be categorized into two types: those with more than eight seats (an LCV exceeding the seating capacity of 16 persons) and those with seven or less seats (an LCV having a seating capacity of less than seven persons).
Medium Commercial Vehicle (MCV):
The global medium commercial vehicle (MCV) and it’s usage in the refrigerated trucks market is expected to witness significant growth over the forecast period. The Refrigerated Trucks Market has been witnessing a steady rise in demand owing to an increase in trade activities across countries and an upsurge in cold chain logistics.
Application Insights:
The food and drinks application segment led the global refrigerated trucks market in 2017. The segment is also projected to hold the largest share by 2030 as a result of increasing demand for packaged and processed foods from several end-use industries, such as retail, food service and industrial. Furthermore, growth in e-commerce has further propelled the sales of refrigerated trucks for transporting perishable goods such as fruits and vegetables across various cities globally.
Refrigerated trucks are widely used to transport perishable foods across countries within Europe due to cold chain infrastructure deficiencies in some regions. In addition, they are also used for transportation of frozen goods on a domestic level owing to their ability to maintain temperature throughout its journey without any damage or spoilage caused by bacteria or other microorganisms at temperatures below 0°C (32 °F). These factors are expected drive growth over the forecast period on account of rising demand from several end-use industries globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing demand for food and drinks, pharmaceuticals, and other products from consumers and businesses. Furthermore, growing trend of on-demand delivery services by companies such as Amazon Prime Now; Uber Eats; Instacart; Postmates Inc.; among others is anticipated to propel regional growth over the next eight years.
Growth Factors:
- Increasing demand for perishable goods: The global refrigerated truck market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for perishable goods such as fruits, vegetables, and meat.
- Proliferation of supermarkets and hypermarkets: The growth of supermarkets and hypermarkets is driving the demand for refrigerated trucks as these stores require cold storage facilities to store perishables.
- Rising disposable income in developing countries: A rise in disposable income is resulting in an increase in consumer spending on food items, which is driving the growth of the refrigerated truck market.
- Technological advancements: Advancements in technology are helping manufacturers produce more efficient and reliable refrigerated trucks that are compliant with environmental regulations. This is aiding the growth of the market globally.. 5) Stringent government regulations on emissions from commercial vehicles: Stringent government regulations on emissions from commercial vehicles are encouraging fleet operators to replace their aging vehicle fleets with new models that have lower emissions levels, thus propellingthegrowthoftherefrigeratetruckmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigerated Trucks Market Research Report
By Type
Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), Heavy Commercial Vehicle (HCV)
By Application
Food & Drinks, Pharmaceutical, Others
By Companies
China International Marine Containers, Wabash National Corporation, Great Dane LLC, Schmitz Cargobull AG, Koegel Trailer GmbH & Co.KG, HYUNDAI Translead, Inc, KRONE, CHEREAU, LAMBERET SAS, GRW Tankers and Trailers, China International Marine Containers
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Refrigerated Trucks Market Report Segments:
The global Refrigerated Trucks market is segmented on the basis of:
Types
Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), Heavy Commercial Vehicle (HCV)
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 & Drinks, Pharmaceutical, 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:
- China International Marine Containers
- Wabash National Corporation
- Great Dane LLC
- Schmitz Cargobull AG
- Koegel Trailer GmbH & Co.KG
- HYUNDAI Translead, Inc
- KRONE
- CHEREAU
- LAMBERET SAS
- GRW Tankers and Trailers
- China International Marine Containers
Highlights of The Refrigerated Trucks 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:
- Light Commercial Vehicle (LCV)
- Medium Commercial Vehicle (MCV)
- Heavy Commercial Vehicle (HCV)
- By Application:
- Food & Drinks
- Pharmaceutical
- 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 Refrigerated Trucks 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
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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?
Refrigerated trucks are large, refrigerated vehicles that are used to transport perishable goods. They typically have a capacity of at least 20,000 pounds and can travel at speeds of up to 50 miles per hour.
Some of the major companies in the refrigerated trucks market are China International Marine Containers, Wabash National Corporation, Great Dane LLC, Schmitz Cargobull AG, Koegel Trailer GmbH & Co.KG, HYUNDAI Translead, Inc, KRONE, CHEREAU, LAMBERET SAS, GRW Tankers and Trailers, China International Marine Containers.
The refrigerated trucks 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 Refrigerated Trucks 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 Refrigerated Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refrigerated Trucks 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 Refrigerated Trucks 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 Refrigerated Trucks Market Size & Forecast, 2018-2028
4.5.1 Refrigerated Trucks Market Size and Y-o-Y Growth
4.5.2 Refrigerated Trucks Market Absolute $ Opportunity
Chapter 5 Global Refrigerated Trucks 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 Refrigerated Trucks Market Size Forecast by Type
5.2.1 Light Commercial Vehicle (LCV)
5.2.2 Medium Commercial Vehicle (MCV)
5.2.3 Heavy Commercial Vehicle (HCV)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refrigerated Trucks 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 Refrigerated Trucks Market Size Forecast by Applications
6.2.1 Food & Drinks
6.2.2 Pharmaceutical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigerated Trucks 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 Refrigerated Trucks 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 Refrigerated Trucks Analysis and Forecast
9.1 Introduction
9.2 North America Refrigerated Trucks 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 Refrigerated Trucks Market Size Forecast by Type
9.6.1 Light Commercial Vehicle (LCV)
9.6.2 Medium Commercial Vehicle (MCV)
9.6.3 Heavy Commercial Vehicle (HCV)
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 Refrigerated Trucks Market Size Forecast by Applications
9.10.1 Food & Drinks
9.10.2 Pharmaceutical
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 Refrigerated Trucks Analysis and Forecast
10.1 Introduction
10.2 Europe Refrigerated Trucks 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 Refrigerated Trucks Market Size Forecast by Type
10.6.1 Light Commercial Vehicle (LCV)
10.6.2 Medium Commercial Vehicle (MCV)
10.6.3 Heavy Commercial Vehicle (HCV)
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 Refrigerated Trucks Market Size Forecast by Applications
10.10.1 Food & Drinks
10.10.2 Pharmaceutical
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 Refrigerated Trucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refrigerated Trucks 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 Refrigerated Trucks Market Size Forecast by Type
11.6.1 Light Commercial Vehicle (LCV)
11.6.2 Medium Commercial Vehicle (MCV)
11.6.3 Heavy Commercial Vehicle (HCV)
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 Refrigerated Trucks Market Size Forecast by Applications
11.10.1 Food & Drinks
11.10.2 Pharmaceutical
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 Refrigerated Trucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Refrigerated Trucks 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 Refrigerated Trucks Market Size Forecast by Type
12.6.1 Light Commercial Vehicle (LCV)
12.6.2 Medium Commercial Vehicle (MCV)
12.6.3 Heavy Commercial Vehicle (HCV)
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 Refrigerated Trucks Market Size Forecast by Applications
12.10.1 Food & Drinks
12.10.2 Pharmaceutical
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) Refrigerated Trucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refrigerated Trucks 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) Refrigerated Trucks Market Size Forecast by Type
13.6.1 Light Commercial Vehicle (LCV)
13.6.2 Medium Commercial Vehicle (MCV)
13.6.3 Heavy Commercial Vehicle (HCV)
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) Refrigerated Trucks Market Size Forecast by Applications
13.10.1 Food & Drinks
13.10.2 Pharmaceutical
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 Refrigerated Trucks Market: Competitive Dashboard
14.2 Global Refrigerated Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China International Marine Containers
14.3.2 Wabash National Corporation
14.3.3 Great Dane LLC
14.3.4 Schmitz Cargobull AG
14.3.5 Koegel Trailer GmbH & Co.KG
14.3.6 HYUNDAI Translead, Inc
14.3.7 KRONE
14.3.8 CHEREAU
14.3.9 LAMBERET SAS
14.3.10 GRW Tankers and Trailers
14.3.11 China International Marine Containers
