Refrigerated trailers are thermally-insulated temperature-controlled food-grade vehicles deployed with a sophisticated refrigeration unit. The trailer is dragged by a traction unit and can be used both for road and rail transportation.
New York, NY -- (SBWIRE) -- 03/04/2016 -- The global refrigerated trailer market is projected to expand at a CAGR of 4.4% during the forecast period (2015–2021).The market is segmented on the basis of geographical region, product type and end use. By product type, chilled was the largest segment in the refrigerated trailer market, accounting for 61.3% share in 2014.
On the basis of end use, the market has been segmented into dairy, fruits & vegetables, meat & sea food and others (confectionary, bakery and medicinal products). Globally, meat & seafood is the predominant end use segment, accounting for 32.6% share in the global refrigerated trailer market in 2014 and is expected to account for 31.7% share by 2021 due to increasing demand for packaged meat and seafood across the globe.
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The global refrigerated trailer market has been segmented into five major regions, which include North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. North America was the largest market for a refrigerated trailer, accounting for over 30% share in 2014. Western Europe ranked second with over 27% market share in 2014, followed by APAC. Asia Pacific is anticipated to be the fastest growing region in the refrigerated trailer market over the forecast period.
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Key market participants covered in the report includeWabash National Commercial Trailer Products, Great Dane Trailers, Inc., Utility Trailer Manufacturing Company, Schmitz Cargobull AG, Fahrzeugwerk Bernard KRONE GmbH, Kögel Trailer GmbH & Co. KG, Lamberet Refrigerated SAS, Montracon Ltd., Gray & Adams Ltd. and Randon Implementos.
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