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Reefer Market Will Grow to $7.1B by 2021

Globally, the refrigerated trailer market is projected to grow from $5.4B in 2014 to $7.1B by 2021. North America is the largest market for reefers, accounting for approximately 38.5% market volume share in 2014. The market is expanding due to various technological advancements and imposition of government regulation regarding safe refrigerated transportation of food.

Likewise, the market for electric hybrid reefers is expanding. Shorepower will play a prominent role in safely electrifying warehouses and distribution centers where refrigerated trailers pre-cool, load, unload, and stage before going out on deliveries.

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