Global Transport Refrigeration Units Market 2017-2021: Growing Demand for Frozen Food Driving the Market

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Sep 11, 2017, 14:30 ET

DUBLIN, September 11, 2017 /PRNewswire/ --

The "Global Transport Refrigeration Units Market 2017-2021" report has been added to Research and Markets' offering.

The global transport refrigeration units market to grow at a CAGR of 5.71% during the period 2017-2021.

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. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the market segmentation based on modes of transportation, end-user, and geography.

One trend in the market is technological advances in refrigeration units. 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.

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.

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. However, health concerns about frozen fruits and vegetables is a major challenge for the food processing sector, which will hinder the transport refrigeration unit industry. In order to preserve the nutritional value of food, vegetables are processed and frozen immediately after harvesting.

Key vendors

Carrier
DAIKIN INDUSTRIES
Ingersoll Rand
MITSUBISHI HEAVY INDUSTRIES

Other prominent vendors

CHEREAU
China International Marine Containers
Great Dane
Hubbard Products
LAMBERET
LAMILUX
Morgan Corporation
Schmitz Cargobull
Utility Trailer Manufacturing Company
Wabash National Corporation

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By End-User

Part 07: Market Segmentation By Modes Of Transportation

Part 08: Geographical Segmentation

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/r7399b/global_transport

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SOURCE Research and Markets