Refrigerated Trailers Market Projected to Expand at a CAGR of 4.4% During Forecast Period to Account for US$ 7171.4 Mn by the End of 2021.
Assessing the various factors driving market growth, the global refrigerated vehicle market is growing significantly at annual growth rate of 3%–5%. The refrigerated trailer is one of the prominent segments in this market, which is gaining traction due to the implementation of various advanced technologies and growing application across various industries worldwide". The China market is projected to exhibit the fastest growth over the forecast period due to the favorable economic environment, low cost of labor and operations and rapid...
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