International. The global refrigerated trailer market is projected to grow at a compound annual growth rate (CAGR) of 4.4% during the period from 2015 to 2021.
The market is segmented on the basis of geographical region, product type, and end-use. By product type, chiller was the largest segment of the refrigerated trailer market, accounting for a share of 61.3% in 2014.
On the basis of end-use, the market has been segmented into dairy, fruits and vegetables, meat and seafood and others (confectionery, bakery, and medicinal products). Globally, meat and seafood is the predominant end-use segment, accounting for a 32.6% share of the global refrigerated trailer market in 2014, and is expected to account for a 31.7% share in 2021 due to the increasing demand for packaged meat and seafood across the globe.
The global refrigerated trailer market has been segmented into five major regions, which include North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa. North America was the largest market for refrigerated trailers, accounting for more than 30% in 2014. Western Europe ranked second with more than 27% in 2014, followed by APAC. Asia Pacific is anticipated to be the fastest growing region in the refrigerated trailer market during the projected period.
