The following companies as the key players in the global transport refrigeration units market: Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, and MITSUBISHI HEAVY INDUSTRIES.
Global Transport Refrigeration Units Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
Other Prominent Vendors in the market are: CHEREAU, China International Marine Containers, Great Dane, Hubbard Products, LAMBERET, LAMILUX, Morgan Corporation, Schmitz Cargobull, Utility Trailer Manufacturing Company, and Wabash National Corporation.
The analysts forecast Global Transport Refrigeration Units Market to grow at a CAGR of 5.71% during the period 2017-2021.
Companies are involved in developing the latest technologies to enhance the efficiency and life of the refrigeration units. In 2014, Carrier Transicold launched an accessory product, which uses the sun's energy to charge the transport refrigeration unit (TRU) batteries.”
This report covers the present scenario and the growth prospects of the global transport refrigeration units’ market for 2017-2021. To calculate the market size, the report considers the market segmentation based on modes of transportation, end-user, and geography.
The market is divided into the following segments based on geography: APAC, Europe, North America and ROW
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According to the report, one driver in the market is growing demand for frozen food. The frozen fruit and vegetable market is rapidly growing, globally, as the products are available all through the year and the market is not confined only to seasonal availability.
Consumers prefer to buy frozen and processed fruits and vegetables due to the lack of time. Many countries are involved in growing fresh fruits and vegetables, which are then distributed to other countries to meet the consumer demands.
The Millennials, aged between 18 and 34, are highly health conscious consumers. Frozen fruits and vegetables have a higher intake of key nutrients like potassium, calcium, and fiber; the consumption of frozen fruits and vegetables also reduces the Body mass index (BMI).
About Transport Refrigeration Units:
Transport refrigeration units are used to control the environment of temperature-sensitive products transported in trucks, vans or any carrier vehicle as well as in marine/intermodal containers. Refrigerated transportation is a method of climate controlled transportation, which is specifically designed to ship products that require a cool or frozen temperature to stay fresh for delivery to the market.
Products like frozen fruits and vegetables, frozen seafood or meat, plants, chemicals, pharmaceuticals, and agricultural products require a temperature controlled environment to sustain the transit.
Further, the report states that one challenge in the market is health concerns over consumption of frozen fruits and vegetables. The increase in the demand for frozen foods is leading to enhancements in cold chain supply, thereby driving the transport refrigeration units’ market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Health concerns over consumption of frozen fruits and vegetables
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Technological advances in refrigeration units
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Table of Contents
Scope of the report
Market segmentation by end-user
Market segmentation by modes of transportation
Drivers and challenges
Key vendor analysis
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