Market Size of Indonesia Refrigerated Trailer Industry
| Study Period | 2018-2028 |
| Base Year For Estimation | 2022 |
| Market Size (2024) | USD 124.06 Million |
| Market Size (2028) | USD 170.78 Million |
| CAGR (2024 - 2028) | 6.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Indonesia Refrigerated Trailer Market Analysis
The Indonesia Refrigerated Trailer Market size is estimated at USD 124.06 million in 2024, and is expected to reach USD 170.78 million by 2028, growing at a CAGR of 6.60% during the forecast period (2024-2028).
Over the medium term, growing expansion of the distribution of stored food products from traditional markets toward supermarkets and convenience stores. Perishable goods such as refrigerated and frozen products are easier to procure, as major distributors offer shipping via insulated trucks, which in turn is likely to enhance the demand for refrigerated trailers in the coming years.
Demand for cold storage facilities could be estimated from the consumption of meat, fruits, vegetables, frozen potatoes, fish, shrimp, etc. The main export items in the Indonesian cold chain logistics market are perishable products like frozen food, seafood, and meat. Pharma is another industry that has been instrumental in growing cold chain logistics in Indonesia, which in turn is likely to enhance the demand for refrigerated trailers in the coming years.
The rising demand for refrigerated trailers is owing to an increase in demand for cold chain logistics in Indonesia as a result of the country's expanding e-commerce sector and growing adoption of digital technology. The country's rising number of refrigerated warehouses will fuel market expansion.
With the increase in transportation of the processed food industry due to rising food and beverage and meat product consumption across the country, it is anticipated to witness major growth for the market in the coming years.
Indonesia Refrigerated Trailer Industry Segmentation
Refrigerated trailers are considered to be any motor vehicle attached to vehicles; these trailers are insulated with an inbuilt refrigeration unit. They are primarily used for transporting perishable goods, pharmaceutical products, etc.
Indonesia's refrigerated trailer market is segmented by product type, axle type, end-user, and country. By product type, the market is segmented into frozen food and chilled food. By axle type, the market is segmented into single axles, tandem axles, and three or more than three axles. By end-user, the market is segmented into dairy products, fruits and vegetables, meat and seafood, and other end-users.
For each segment, the market sizing and forecast have been done based on the value (USD).
| By Product Type | |
| Frozen Food | |
| Chilled Food |
| By Axle Type | |
| Single Axle | |
| Tandem Axle | |
| Three or More than Three Axle |
| By End-User | |
| Dairy Products | |
| Fruits and Vegetables | |
| Meat and Sea Food | |
| Other End-Users |
Indonesia Refrigerated Trailer Market Size Summary
The Indonesia refrigerated trailer market is poised for significant growth, driven by the expanding cold chain logistics sector. This growth is largely attributed to the increasing distribution of perishable goods from traditional markets to supermarkets and convenience stores, facilitated by insulated trucks. The demand for refrigerated trailers is further bolstered by the rising consumption of meat, fruits, vegetables, and seafood, which are key components of the country's export market. The pharmaceutical industry also plays a crucial role in this expansion, as the need for temperature-sensitive transportation of medical supplies and equipment continues to rise. The burgeoning e-commerce sector and the adoption of digital technologies are enhancing the demand for cold storage facilities, thereby fueling the market for refrigerated trailers.
The processed food industry in Indonesia is experiencing rapid growth, driven by increased consumer purchasing power and a rising demand for frozen fast food items. This trend is supported by the expansion of hypermarkets and supermarkets equipped with advanced storage and freezing facilities. The government's ambitious goals in the seafood sector, particularly in shrimp production and export, further underscore the potential for market growth. Additionally, the healthcare sector's expansion, supported by government investments, is creating lucrative opportunities for refrigerated trailer logistics. Key players in the market, such as Wabash National Corporation and Trane Technologies, are actively participating in the sector's development, as evidenced by recent investments and product introductions. These developments collectively indicate a robust growth trajectory for the refrigerated trailer market in Indonesia over the forecast period.
Indonesia Refrigerated Trailer Market Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Rapid Expansion of Cold Chain Logistics Across the Region
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1.2 Market Restraints
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1.2.1 High Maintenance Cost May Affect the Growth
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value (USD))
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2.1 By Product Type
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2.1.1 Frozen Food
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2.1.2 Chilled Food
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2.2 By Axle Type
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2.2.1 Single Axle
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2.2.2 Tandem Axle
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2.2.3 Three or More than Three Axle
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2.3 By End-User
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2.3.1 Dairy Products
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2.3.2 Fruits and Vegetables
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2.3.3 Meat and Sea Food
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2.3.4 Other End-Users
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Indonesia Refrigerated Trailer Market Market Size FAQs
How big is the Indonesia Refrigerated Trailer Market?
The Indonesia Refrigerated Trailer Market size is expected to reach USD 124.06 million in 2024 and grow at a CAGR of 6.60% to reach USD 170.78 million by 2028.
What is the current Indonesia Refrigerated Trailer Market size?
In 2024, the Indonesia Refrigerated Trailer Market size is expected to reach USD 124.06 million.
