Increased Consumption for Ready-to-eat and Meat Products Ensures Impressive Growth for Refrigerated Trailers Market
The global refrigerated trailers market is forecasted to expand at a healthy growth rate during the forecast period (2017 to 2021), according to a new market study by XploreMR. The growth of the market is primarily attributed to macro factors such as changing lifestyles, increasing disposable incomes, and rising urbanization. On the other hand, micro factors such as increasing adoption of ready-to-eat food among the working-class population due to hectic lifestyles.
Furthermore, the increasing practice of nuclear families and the growing proportion of women in workforce is asserting consumers to seek ready-to-eat food products owing to inadequacy of time to cook fresh food. On this premise, the need for temperature-controlled transportation channels has significantly increased to transport these ready-to-eat food products in the recent past.
In addition to ready-to-eat food products, rising demand for perishable food such as dairy products, fruits, vegetables, meat, and seafood, cold chain capacity is contributing to the growth of the market. Backed by these facets, the global refrigerated trailers market is forecasted to flourish at a healthy CAGR of 5% during the forecast period.
Global Refrigerated Trailer Market: Overview
A new report on refrigerated trailer market provides in-depth understanding of the growth path along with future scenarios based on past performance and current scenario. The report offers an exclusive analysis of the global market and also presents insights on key regions and other key segments that have been covered in the executive summary section.
The report offers a summary of the global market including an official abstract that highlights the core instances progressing in the market. It also discusses vital indicators such as drivers, challenges, and trends prevalent in the global market. The report aspires to serve as a useful guide providing figures related to volume, value, and the development rate of the market from a growth point of view. The report thoroughly looks into each segment and provides estimates based on historic and current values. The assessment of the refrigerated trailer market presented in the report is in the light of market conditions, including value chain analysis of key products and end use under study.
Refrigerated Trailer Market: Research Methodology
Global Market Study on Refrigerated Trailers: Europe to Lead in Terms of Market Value Share by 2021Buy Now
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