Refrigerated Trailers Market - Global Size, Share, Trend and Analysis to 2021

Refrigerated Trailers Market - Expansion of Cold Chain Capacities

in Asia Pacific to Drive Demand through 2021

Persistence Market Research

Global Refrigerated Trailers Market

Expected to Reach US$ 7.1 billion by 2021 Persistence Market Research

Persistence Market Research

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Refrigerated Trailers Market - Expansion of Cold Chain Capacities

in Asia Pacific to Drive Demand through 2021

Persistence Market Research Released New Market Report “Global Market Study on

Refrigerated Trailer: Expansion of Cold Chain Capacities in Asia Pacific to Drive

Demand through 2021”. According to the report, Global refrigerated trailer market was

valued at US$ 5434.9 Mn in 2014 and projected to expand at a CAGR of 4.4% during forecast

period to account for US$ 7171.4 Mn by the end of 2021.

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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 technological advancements in the country.

From a regional perspective, North America was the largest market for refrigerated trailers,

accounting for approximately 38.5% market volume share in 2014. Western Europe is

projected to contribute second largest volume share to the global refrigerated trailer market

and is projected to expand at a CAGR of 4.8% over the forecast period due to various

technological advancements and imposition of government regulation regarding safe

refrigerated transportation of food.

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