According to IMARC Group’s latest research report, titled “Refrigerated Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the refrigerated trucks market. The global refrigerated trucks market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Refrigerated Trucks Market Overview:
Refrigerated trucks, also called reefer trucks, are vehicles specifically designed to transport perishable goods and maintain their temperature-controlled environment. They are equipped with insulated bodies and a built-in refrigeration system to transport perishable goods at specific temperature ranges. Refrigerated trucks function by removing heat from the cargo area by compressing and transforming the refrigerant, while maintaining the desired temperature. They are commonly used in industries that require the preservation of temperature-sensitive product, ensuring that the cargo remains fresh and safe during transportation.
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Refrigerated Trucks Market Trends:
The global market is primarily driven by the rapid expansion of the cold chain logistics industry. With the increasing demand for temperature-sensitive products, there is a rising need for refrigerated transportation systems in various end-use industries. In line with this, the implementation of stringent food safety regulations by governments and regulatory bodies of several countries to ensure perishable food quality and safety is providing an impetus to the market. Moreover, the significant increase in cross-border transactions along with the flourishing e-commerce retail and online grocery delivery services are creating lucrative opportunities in the market. Some of the other factors contributing to the market include augmenting demand for fresh and organic food options, an enhanced focus on sustainable development and the higher uptake of eco-friendly refrigerated vehicles.
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Key Market Segmentation:
Competitive Landscape with Key Players:
- Eicher Motors Limited
- Hyundai Hong Kong Co. Limited
- Mahindra & Mahindra Limited
- Tata Motors Limited
- Light Commercial Vehicle
- Medium Commercial Vehicle
- Heavy Commercial Vehicle
Tonnage Capacity Insights:
- Less Than 10 Tons
- 10-20 Tons
- More Than 20 Tons
- Food and Beverage
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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