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Global road transport refrigeration equipment market

Update: 2015-02-05 13:59      View:
Global market for road-transport refrigeration equipment is projected to reach USD 8.8 billion by 2018, driven by technology innovations in energy-efficient refrigeration and growing consumption of frozen and chilled foods.

As stated by a market research report published by Global industry Analysts, the US represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest-growing market with a projected compound annual growth rate (CAGR) of 7.8% over the analysis period. Growth in the region is led by growing population, rapid urbanization, an expanding base of middle-class consumers, Westernization of food habits, increasing domestic consumption of chilled and frozen food and non-food products and developments in road infrastructure.

Major players in the market include Carrier Transicold, Chereau SAS, EUROFRIGO S.R.L., FRIGOBLOCK Grosskopf GmbH, GAH Refrigeration Limited, Hubbard Products Ltd., Thermo King Corporation, Klege Europ Sainte Marie Constructions Isothermes, Lamberet Constructions Isothermes SA., Mitsubishi Heavy Industries Ltd., Morgan Corporation, and Wabash National Corporation, among others.