1. Market Research
  2. > Transportation
  3. > Road Transport Market Trends
Refrigerated Transport Market by Application, Mode of Transportation, Vehicle Type, Temperature, Technology And Region - Global Forecast to 2025

Refrigerated Transport Market by Application, Mode of Transportation, Vehicle Type, Temperature, Technology And Region - Global Forecast to 2025

  • August 2019
  • 240 pages
  • ID: 5500177
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The refrigerated transport market is projected to grow at a CAGR of 5.8%.

According to MarketsandMarkets, the global refrigerated transport market is estimated to be valued at USD 15.5 billion in 2019 and is projected to reach USD 21.6 billion by 2025, recording a CAGR of 5.8% from 2019 to 2025. Factors such as the rising demand for chilled & frozen products, especially particularly in the emerging developing countries of the Asia Pacific region is expected projected to fuel drive the growth of the refrigerated transport market.
• By application, the chilled food product segment is accounted for the largest share in 2019.

The chilled food segment accounted for a major share in the global refrigerated transport market, on the basis of application, in 20198.The chilled food products segment covers a wide variety of products such as milk, dairy products, which include such as butter, yogurt, and cheese, bakery & confectionery products, beverages, and fruits & vegetables.

The Cchilled food products segment s are is expected projected to witness high -growth prospects in the emerging economies of Asia Pacific, South America, and the Middle East amidst due to the growing consumption of convenience foods in these regions. Apart from thisIn addition, the expansion of fast-food chains and supermarkets is expected projected to create lucrative opportunities for chilled food product manufacturers and refrigerated transport service providers in the coming years.

By temperature, the single-temperatures segment in the refrigerated transport market has accounted for the a larger share in 2019.
Based on temperature, the refrigerated transport market is segmented into single- temperatures and multi- temperature.Single-temperature refrigerated vehicles maintain a a single temperature while transporting perishable goods.

On the other hand, in multi-temperature refrigerated vehicles maintain , two or more temperatures that can be maintained.Although, the use of multi temperatures transport remains high in refrigerated transportsing that deliver more than one type of product on a trip, refrigerated transport in many countries.

The refrigerated transport market is underdeveloped and now gaining momentum and manufacturers due to the increasing need to to cater to the increasing demand for perishable commodities.In such various countries, single-temperature refrigerated vehicles are widely used.

Hence, the market share of the single-temperature vehicles segment is estimated to be larger in the market.

Asia Pacific is projected to be the fastest-growing refrigerated transport market during the forecast period.
Asia Pacific dominated the global refrigerated transport market for chilled food products, as well as frozen products, in 2019.AlsoIn addition, it is projected to be the fastest- growing market during the forecast period.

Infrastructure development, along with and the increased demand for chilled and frozen foods, is are expected projected to create a lucrative opportunitiesy for both the service providers of refrigerated transport, service providers as well as for frozen and chilled food manufacturers in the coming years.India and China have been are witnessing a change in the eating habits of their people.

Consumers seek fast food and convenience foods, which have fueled driven the growth of supermarkets and quick-service restaurants.This has led to an increase in the sales of consumer-ready frozen foods such as ice cream & frozen desserts;, frozen fruits & vegetables;, seafood;, and meats.

To maintain the shelf life of perishable commodities, manufacturers and retailers of perishable commodities witness a high demand for refrigerated transport facilities.
The global refrigerated transport market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, and RoW (South Africa, Brazil, Argentina, and the Middle Eastern countries).

Break-up of Primaries
• By Company Type: Tier 1 - 18%, Tier 2 - 36%, and Tier 3 - 46%
• By Designation: C-level - 20%, D-level - 30%, and Others* - 50%
• By Region: North America - 50%, Asia Pacific - 20%, Europe - 20%, and RoW** - 10%
*Others include sales managers, marketing managers, and product managers.
**RoW includes South Africa, Brazil, Argentina, and the Middle East.ern countries

Leading players profiled in this report include:
(Rrefrigerated transport service providers)
• United Technologies (US)
• Daikin Industries (Japan)
• Ingersoll-Rand (THERMO KING) (Ireland)
• China International Marine Containers (China)
• Utility Trailer (US)
• Singamas Container (China)
• Hyundai (South Korea)
• Schmitz Cargobull (Germany)
• Fahrzeugwerk Bernard Krone (Germany)
• Lamberet (France)
(Food & beverage companies)
• Nestle (Switzerland)
• Tyson Foods (US)
• The Kraft Heinz Company (US)
• General Mills (US)
• Smithfield Foods (US)
• Kellogg Company (US)
• Conagra Brands (US)
• Kerry (Ireland)
• Del Monte Pacific (Singapore)
• Aryzta (Switzerland)

Research Coverage
This report segments the refrigerated transport market, on the basis of Aapplication (chilled and frozen food products), mode of transportation, by temperature, by technology, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the refrigerated transport market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Reasons to buy this report
• To get a comprehensive overview of the refrigerated transport market
• To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
• To gain insights about the major countries/regions, in which the refrigerated transport market is flourishing

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on