Refrigerated Vans Market: Introduction
The refrigerated vans are equipped with refrigeration unit and cooling bay with temperature controlled features. The refrigerated vans are designed to transport the perishable goods, healthcare products, and other medical products.
The public health departments have outlined the stringent requirements for various transportation of medicines and vaccines which further increases the need for refrigerated vans.
These vans provide adequate temperature controlled features which is used in various businesses such as food, cosmetics, and pharmaceuticals that requires specific temperature to avoid from spoilage or contamination.
The refrigerated vans are mostly preferred than refer trucks due to its smaller size, enhanced floor size with smooth easy in and out, better fuel efficiency. The main advantage of refrigerated vans are it protects the product from worsening and down their value during the transportation process.
Refrigerated Vans Market: Dynamics
The growing demand for long distance transportation systems and increase in demand for perishable food items such as sea food, fresh meat, and dairy products further rise the demand for refrigerated vans.
The food directory agencies across various countries are mandating the temperature control and safety features inside the vehicle for transporters of food products.
For instance, in 2015, Food and Drug Administration (FDA’s) Food Safety Modernization Act (FSMA) mandates the refrigerator vans transporters to implement the procedures for complying with provisions for temperature control. .
Growing usage of refrigerated vans in dairy product suppliers, pizza, cake, and fast food delivery suppliers is estimated to drive the demand for the refrigerated vans market globally.
The growing consumer focus towards fresh and hygienic foods, increase in number of customized refrigerated vans manufacturers, growing cold-supply chain infrastructure, and increase in demand for chilled and frozen products is expected to rise the demand for refrigerated vans market.
Refrigerated van manufacturers are emphasizing on development of technology advanced solutions which reduces the environmental impact and growing advancement in multi-temperature systems in vans.
The focus of manufacturers on these factors is projected to create lucrative opportunities for further growth of refrigerated vans market during the forecast years. Changing climate affects the vans transport, high cost of the customized vans, and increase in global warming, which is expected to obstruct the refrigerated vans market growth.
COVDI-19 crisis impact
COVID-19 pandemic continues to hamper transport activities across the globe, as some of the most affected countries are having stopped the transport activities.
The COVID-19 outbreak is likely to decrease consumer demand in the short term, probably primarily to reducing consumption of food items, which is expected to hamper the growth of the refrigerated vans market.
Although, the impact of COVID-19 is expected to last past the current year, the market demand for refrigerated vans is expected to recover by the end of the year and witness a rather slow growth as the transport activities resume.
Refrigerated Vans Market: Regional Outlook
The Asia Pacific is estimated to have a substantial share in the refrigerated vans market, as growing e-commerce industry and increase in disposable income among the India and china.
Moreover increase in demand for chilled and frozen food products, growing number of customized refrigerated vans manufacturers further expected to rise the demand for refrigerated vans.
North America is expected to have a prominent market share in the refrigerated vans market due to increase in demand for fresh fruits and vegetables, increase in usage of refrigerated vans from fast food delivery providers such as Pizza Hut, KFC, Burger King, and Subway.
Europe is expected to have a prominent market share in the refrigerated vans market due to increase in preference for on-the-go food products and growing demand for frozen food products in the region.
Middle East & Africa region is expected to grow at a robust pace in the refrigerated vans market, driven by food and pharmaceutical industries in the Middle East and growing investments in agriculture sector in various parts of Africa. Latin America refrigerated vans market is expected to be mainly driven by Mexico and Brazil, while other countries are expected to grow at a moderate rate.
Refrigerated Vans Market: Key Players
List of some of the key player in the refrigerated vans market are:
- KRESS Fahrzeugbau GmbH
- Bush Specialty Vehicles Inc.
- Tata Motors
- Great Dane LLC
- Fraikin Limited
- JCBL Limited
- LAMBERET SAS
- Malley Industries
The research report on refrigerated vans market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The refrigerated vans market report also contains projections using a suitable set of assumptions and methodologies. The research report on refrigerated vans market provides analysis and information according to market segments such as vehicle type and application.
The refrigerated vans market report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
- South Asia (India, ASEAN, Rest of South Asia)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
- Oceania ( Australia, New Zealand)
The refrigerated vans market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The refrigerated vans market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The refrigerated vans market report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing refrigerated vans market dynamics in the industry
- In-depth refrigerated vans market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on refrigerated vans market performance
- Must-have information for refrigerated vans market players to sustain and enhance their market footprint
Refrigerated Vans Market: Segmentation
The refrigerated vans market can be segmented on the basis of, vehicle type and application.
- Light Duty Vans
- Medium Duty Vans
- Heavy Duty Vans
- up to 5000 Kg
- 5000 Kg – 8000 Kg
- 8000 Kg – 11000 Kg
- Above 11000 Kg
Based on HP
- Up to 70 HP
- 70 HP – 100 HP
- Above 100 HP
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