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atulpmrApril 25, 2021
The global refrigerated trailer market features the dominance of a few large companies that hold majority market share. Manufacturing of new vehicles equipped with advanced technology is the key focus of large companies in order to steal a march over their competitors.
Apart from this, strategic collaboration, acquisition, and geographical expansion are some other growth strategies that large players in the refrigerated trailer market have adopted to maintain their position in this competitive market.
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Key names in the global refrigerated trailer market are Great Dane Trailers Inc., Wabash National Commercial Trailer Products, Schmitz Cargobull, Utility Trailer Manufacturing Company, Kögel Trailer GmbH & Co. KG, Fahrzeugwerk Bernard KRONE GmbH, Lamberet Refrigerated, Montracon Ltd., Gray & Adams Ltd., and Random Implementos. The global refrigerated trailer market was worth US$ 5,889.7 Mn in 2017. Expanding at a CAGR of 5.05%, the