Description
US Refrigerated Van Trailers Market; By Application (Pharmaceuticals, Dairy, Fruits & Vegetables, Meat & Seafood, and Others); By Type (Frozen Food and Chilled Food); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Product Overview
Refrigerated Van Trailer is a kind of truck that carries consumables at different temperatures. Refrigerated trucks are fitted with different types of electrically powered cooling systems that are assisted by small displacement engines or use carbon dioxide as a cooling agent in certain cases. The movement from producers to consumers of perishable food items needs safe transport from the initial point to the final point. Mass-produced bulk is transported through temperature-controlled transport networks to the second point of the network.
Market Highlights
This report anticipates the US Refrigerated Van Trailers market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, the main growth opportunities in cooled trucking in the United States and Canada are the challenge of transportation and the need to preserve food and non-food classes at appropriate temperatures in order to avoid wastage.
US Refrigerated Van Trailers Market: Segments
US market has been segmented on the basis of type, application, and by location. It has been further segmented by countries into Northern, Eastern, western and southern region.
The Chilled Food segment is anticipated to register XX% of the volume share.
Frozen food segment is poised to grow at a significant CAGR during the forecasted period.
US Refrigerated Van Trailers Market is segmented by type into: Frozen food and chilled food.
The chilled food segment accounted for maximum share in 2019 owing to increased demand from end user industry like food and beverages and rising demand for perishable goods. Long distance transportation of food needs them to be at optimal temperature to avoid wastage thus increasing the demand for this segment.
US Refrigerated Van Trailers Market: Market Dynamics
Drivers
• Growth in Cold Chain
The cold chain industry has seen tremendous growth and is poised to grow even further during the forecasted period. The Cold Chain serves as a means of maintaining and extending the shelf-life of items perishable like frozen film, meat and sea products, fruits and vegetables, dairy, pharmaceuticals, and chemicals
Restraints
• Lack of Awareness
Poor handling of food items leads to spoilage of food. Every year the US faces the problem of tons of spoiled food due to inadequate handling and delay in transportation of food products. High maintenance of refrigerator hampers the market growth.
US Refrigerated Van Trailers Market: Regions
The key development facilities for the refrigerated van trailers industry in the US are the issue of perishability and the need to sustain food and non-food segments at appropriate temperatures to avoid waste. The growth of refrigerated stock capacity in the US is having a significant impact on the cooled logistics market. As an economically vast country, the United States needs refrigerated trucks and trailers to avoid food spoilage and thereby influencing the market growth. The market for temperature controlled logistics keeps increasing as perishable food products are kept in the cold chain at optimum temperature until they reach end-users. The demand offers vendors more incentives to boost their investments, which can help both refrigerated van trailers and food producers.
The region segment can be further divided into four major types including Eastern US, Northern US, Western US and Southern US.
US Refrigerated Van Trailers Market: Competitive landscape
With hundreds of FTL and LTL carriers, the US refrigerated van trailers industry is big, fragmented and extremely competitive. The market is dominated by no single player. Tariff, efficiency and customer service are the three key factors on which profitability depends. When the market dynamics change, the strategic factors change. The tariff for hire refrigerated van trailers companies for example becomes considerable in a low demand market scenario while the capacity and service quality become more important in times of high customer demand. In US the price of a truck load refrigerated carrier is mainly based on supply and demand factors. For example, Krone announced plans in 2015 to concentrate on new insulation technology R&D and cooling boxes energy recovery technology
US Refrigerated Van Trailers Market: Key Players
• H. Robinson Worldwide
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Total Quality Logistics
• Stevens Transport
• Prime Inc
• Marten
• Lineage Logistics
• U.S Xpress
• FedEx
• B Hunt
• Total Quality Logistics
• Stevens Transport
• Prime Inc
• Marten
• Lineage Logistics
• U.S Xpress
• FedEx
• B Hunt
• Other prominent players
US Refrigerated Van Trailers market report also contains analysis on:
.
US Refrigerated Van Trailers Market Segments:
o By Product type:
Frozen
Cooled
o By Application:
Pharmaceuticals
Dairy
Fruits & vegetables
Meat & seafood
Others
• US Refrigerated Van Trailers Market Dynamics
• US Refrigerated Van Trailers Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
https://www.cri-report.com/product/research-report-on-cold-chain-logistics-industry-in-china-2017-2021/
