Market Overview:
The global trailer refrigeration equipment 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 perishable goods, rising disposable income, and technological advancements in refrigeration equipment. The global trailer refrigeration equipment market is segmented on the basis of type into single temperature type and multi-temperature type. The single temperature type segment is expected to dominate the market during the forecast period owing to its low installation and maintenance costs as compared to multi-temperature types. However, with technological advancements, multi-temperature types are gaining popularity as they offer flexibility in terms of storing different types of food items at different temperatures simultaneously. On the basis of application, the global trailer refrigeration equipment market is segmented into meat & sea food, fruits & vegetables, dairy products, and others (including bakery items and confectionery). The meat & sea food application segment dominates the overall market due to high demand for chilled or frozen seafoods and meats from retailers across developed countries such as North America and Europe.
Product Definition:
A trailer refrigeration unit is a self-contained system that chills or freezes the contents of a truck trailer. The equipment is important for keeping food products, pharmaceuticals and other perishable items cold during transport.
Single Temperature Type:
Single temperature type is a Refrigeration system that has one set of controls to regulate the temperature of the entire trailer. It is used in applications where there are no critical temperatures to be maintained in the cargo or passenger compartment.
The single temperature control systems are available with either manual or automatic control options, which can be operated by an operator located inside or outside of the vehicle depending on design and installation.
Multi-Temperature Type:
Multi-temperature type is a Refrigeration System that has more than two temperature settings. It can be used in applications such as food and beverage trailers, chemical carriers, mobile processing equipment, and construction materials. The multi-temperature trailer refrigeration systems are designed to provide safe transportation of perishable products at optimal costs with the best energy efficiency possible.
Application Insights:
Meat & sea food was the largest application segment in 2015 and is expected to continue its dominance over the forecast period. The growth of this industry is directly related to product demand as a result of high requirements for frozen products containing fish, meat or shellfish.
Fruits & vegetables are expected to be one of the fastest growing segments due to increasing consumption of fresh produce across various regions including Asia Pacific and North America. In addition, government initiatives encouraging farmers in these regions are likely to boost segment growth further over the forecast period. Increasing use of trailers for transportation purposes coupled with ease in loading/unloading fruits & vegetables from trucks onto refrigerated warehouses has boosted industry growth significantly over recent years. This trend is projected to continue well into future as well owingto increased consumer demand for fresh produce throughout various countries globally including China, India and U.S.
Regional Analysis:
Europe dominated the global market in 2017. The presence of a large number of distribution companies and OEMs has fueled the growth of the regional market. Furthermore, increasing demand for food delivery services is expected to drive industry expansion over the forecast period. Asia Pacific is projected to be one of fastest-growing regions owing to rising disposable income levels and changing consumer preferences towards convenience food products along with increased penetration in retail markets due to growing e-commerce sales.
Growth Factors:
- Increasing demand for perishable goods and food items: The global population is growing at a rapid pace and with it the demand for fresh and perishable food items is also increasing. This is driving the growth of the trailer refrigeration equipment market as these equipments are essential for transportation of perishables.
- Rising disposable income in developing countries: A large section of the population in developing countries is rising to middle-class status, thanks to increased disposable income. This is resulting in an increase in demand for high-quality food products, which in turn is boosting the trailer refrigeration equipment market.
- Proliferation of supermarkets and retail stores: Supermarkets and retail stores are proliferating at a fast pace all over the world, especially in developing countries. This has led to an increase in demand for cold storage facilities such as trailers refrigerated with cooling units, thereby propelling the growth of this market segment..
Scope Of The Report
Report Attributes
Report Details
Report Title
Trailer Refrigeration Equipment Market Research Report
By Type
Single Temperature Type, Multi-Temperature Type
By Application
Meat & Sea Food, Fruits & Vegetables, Dairy, Others
By Companies
Thermo King, Carrier Transicold, MHI, Zanotti, Kingtec, Hubbard, Lamberet, DENSO, Mitsubishi Heavy Industries
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Trailer Refrigeration Equipment Market Report Segments:
The global Trailer Refrigeration Equipment market is segmented on the basis of:
Types
Single Temperature Type, Multi-Temperature Type
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
Meat & Sea Food, Fruits & Vegetables, Dairy, 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:
- Thermo King
- Carrier Transicold
- MHI
- Zanotti
- Kingtec
- Hubbard
- Lamberet
- DENSO
- Mitsubishi Heavy Industries
Highlights of The Trailer Refrigeration Equipment 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:
- Single Temperature Type
- Multi-Temperature Type
- By Application:
- Meat & Sea Food
- Fruits & Vegetables
- Dairy
- 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 Trailer Refrigeration Equipment 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?
Trailer refrigeration equipment is a specialized type of air conditioning system that is installed in trailers to keep them cool. It uses a compressor to send cold air into the trailer, and a fan to circulate the air.
Some of the major companies in the trailer refrigeration equipment market are Thermo King, Carrier Transicold, MHI, Zanotti, Kingtec, Hubbard, Lamberet, DENSO, Mitsubishi Heavy Industries.
The trailer refrigeration equipment 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 Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Size & Forecast, 2018-2028
4.5.1 Trailer Refrigeration Equipment Market Size and Y-o-Y Growth
4.5.2 Trailer Refrigeration Equipment Market Absolute $ Opportunity
Chapter 5 Global Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Size Forecast by Type
5.2.1 Single Temperature Type
5.2.2 Multi-Temperature Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Size Forecast by Applications
6.2.1 Meat & Sea Food
6.2.2 Fruits & Vegetables
6.2.3 Dairy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Size Forecast by Type
9.6.1 Single Temperature Type
9.6.2 Multi-Temperature Type
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 Trailer Refrigeration Equipment Market Size Forecast by Applications
9.10.1 Meat & Sea Food
9.10.2 Fruits & Vegetables
9.10.3 Dairy
9.10.4 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 Trailer Refrigeration Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Size Forecast by Type
10.6.1 Single Temperature Type
10.6.2 Multi-Temperature Type
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 Trailer Refrigeration Equipment Market Size Forecast by Applications
10.10.1 Meat & Sea Food
10.10.2 Fruits & Vegetables
10.10.3 Dairy
10.10.4 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 Trailer Refrigeration Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Size Forecast by Type
11.6.1 Single Temperature Type
11.6.2 Multi-Temperature Type
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 Trailer Refrigeration Equipment Market Size Forecast by Applications
11.10.1 Meat & Sea Food
11.10.2 Fruits & Vegetables
11.10.3 Dairy
11.10.4 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 Trailer Refrigeration Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Trailer Refrigeration Equipment 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 Trailer Refrigeration Equipment Market Size Forecast by Type
12.6.1 Single Temperature Type
12.6.2 Multi-Temperature Type
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 Trailer Refrigeration Equipment Market Size Forecast by Applications
12.10.1 Meat & Sea Food
12.10.2 Fruits & Vegetables
12.10.3 Dairy
12.10.4 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) Trailer Refrigeration Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Trailer Refrigeration Equipment 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) Trailer Refrigeration Equipment Market Size Forecast by Type
13.6.1 Single Temperature Type
13.6.2 Multi-Temperature Type
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) Trailer Refrigeration Equipment Market Size Forecast by Applications
13.10.1 Meat & Sea Food
13.10.2 Fruits & Vegetables
13.10.3 Dairy
13.10.4 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 Trailer Refrigeration Equipment Market: Competitive Dashboard
14.2 Global Trailer Refrigeration Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo King
14.3.2 Carrier Transicold
14.3.3 MHI
14.3.4 Zanotti
14.3.5 Kingtec
14.3.6 Hubbard
14.3.7 Lamberet
14.3.8 DENSO
14.3.9 Mitsubishi Heavy Industries
