Enclosed Trailers Are Widely Used By The Food And Beverage Industry
Trailers are unpowered vehicles towed by powered vehicles that are used to transport goods and materials. Trailers are towed by hitches, which are further trailed by trucks, cars, traction engines and others. The trailers industry includes establishments that manufacture trailers segmented by type- enclosed trailers, dump trailers, tank trailers, flatbed trailers, and other trailers (includes specialized trailers, boat trailers, logging trailers, automobile trailers). Among these, the global enclosed trailers market was the largest segment in 2018, accounting for more than 60% of the total share. The global enclosed trailers market is expected to grow from $34.4 billion in 2018 to $54.9 billion in 2022 at an annual growth rate of more than 12%. The largest size of this market segment can be attributed to the rapid growth and wide range of consumer goods related industries, especially food and beverages, that utilize enclosed trailers for the transportation of goods.
The demand for refrigerated trailers from the pharmaceutical and food and beverages companies is increasing rapidly. Refrigerated trailers are enclosed trailers designed to transport perishable freight such as food and beverages and biologics (biologic drugs) at specific temperatures. Refrigerator trailers can be ice-cooled, equipped with mechanical refrigeration systems powered by small displacement diesel engines, or utilize carbon dioxide as dry ice or in liquid form as a cooling agent. Increasing production of pharmaceuticals such as biologics and food and beverages such as frozen food increases the demand for refrigerated trailers to transport such perishable goods.
Enclosed trailers are open air utility trailers with walls and a roof to contain transported goods inside. An example of this type of trailer is the 40FT 3 AXLE Curtain Side Van Trailer manufactured by China International Marine Containers (Group) Ltd, which is currently the largest player in the global trailers manufacturing market. 40FT 3 AXLE Curtain Side Van Trailers are fully enclosed trailers that are used to transport goods such as electronic products, wine, and tobacco products. These trailers are available in different types such as curtain side type and wing van type. Wabco’s relay valve braking system is used to speed up the application and release of brakes in these trailers.
The global trailer manufacturing market size gain analysis shows that the enclosed trailer market is also the segment where there is significant business to be gained by competitors in the next five years, as it will put on the highest value at $20.5 billion between 2018-2022.