Increasing urbanization, growing demand for fresh food items and rising
awareness regarding food safety and standards to drive global reefer truck
market through 2023
According to TechSci Research report, “
Global Reefer Truck Market
By Vehicle Type, By Application Type, By Region, Competition, Forecast
& Opportunities, 2013 – 2023”
, the global reefer truck market is projected to grow at a CAGR of more
than 9% on account of surging demand for fresh food as people are becoming
more health conscious and growing restaurants and retail store businesses
across the globe. Moreover, consumers across the globe are getting more
concerned about food safety and standards, which is positively influencing
global reefer trucks market. Additionally, increasing research and
development on food transport, backed by various joint ventures and
investments by leading companies in fresh fruits, vegetables and meat items
is further anticipated to compliment the global reefer truck market during
the forecast period.
Browse 198 market data Figures and Tables spread through 217 Pages and
an in-depth TOC on
“Global Reefer Truck Market”
In 2017, L&MCV reefer truck dominated the global reefer truck market
with over two-third of the volume share. A large demand for reefer trucks
emanates from North America owing to massive growth of e-commerce for last
mile delivery and comparatively higher health awareness in the region.
However, Asia-Pacific is anticipated to witness the fastest growth in the
market due to rising per capita income and growing consumption. Some of the
major players operating in the global reefer truck market include Schmitz
Cargobull AG, Wabash National Corporation, CHEREAU, Kögel, and CIMC, among
others. These players are expanding their presence and working on more
technologically advanced and affordable reefer trucks to expand their
market share. Furthermore, increasing investments and continuous product
development by automotive companies in the temperature control unit is also
anticipated to compliment the global reefer truck market.
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“Demand for reefer trucks is growing owing to rising demand from
restaurants and supermarkets across the globe, coupled with rising demand
for unique food items, such as Solomon fish, Australian buffalo milk, etc.
Moreover, stringent government regulations across various countries on food
supply and distribution to ensure food safety with respect to freshness and
quality is further driving demand for reefer trucks, globally.
Additionally, many ongoing research and development projects such as use of
solar panel in refer trucks, telematics service, etc., would further steer
the global reefer truck market during forecast period.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
Reefer Truck Market
By Vehicle Type, By Application Type, By Region, Competition Forecast &
Opportunities, 2013 – 2023”
has analyzed the potential of reefer truck market across various countries,
and provides statistics and information on market sizes, shares and trends.
The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the industry.