REFRIGERATED TRAILER MARKET ANALYSIS

Refrigerated Trailer MarketSize and Trends

The refrigerated trailer market has experienced significant growth with the growing demand for fresh and frozen products in the global market. Additionally, advances in refrigeration technology have created more energy efficient and environmentally friendly solutions, further driving the adoption of refrigerated trailers in the transportation industry.

Within the region, China and India are the major countries with significant demand for refrigerated trailers. Together, he accounts for more than 40% of the world's storage capacity, and that number is expected to grow in the coming years. This growth is due to the need to meet high demand for COVID-19 vaccines and other medicines that require refrigerated storage. In addition, increasing demand for groceries is also driving the expansion of refrigerated warehouses in the region. The refrigerated trailer market is also showing significant growth in North America and Europe. Each region has an established cold chain infrastructure backed by strict food safety and quality regulations.

Global Refrigerated Trailer market was valued at US$ 4,200 Million in 2022 and is expected to reach US$ 6.4 Bn by 2030, exhibiting a CAGR of 5.5% between 2023 and 2030.