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Refrigerated Transport Market by Application, Mode of Transportation, Vehicle Type, Temperature, Technology And Region - Global Forecast to 2023

Refrigerated Transport Market: Global Forecast until 2023

  • September 2018
  • 238 pages
  • ID: 5500177
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Refrigerated transport market is estimated to rise at a compound annual growth rate of 2.50 percent in terms of quantity.

The refrigerated transport market is estimated to grow 3.25 billion tons by 2022 increasing at a compound annual growth rate (CAGR) of 2.50 percent between 2017 and 2022. The increase of the refrigerated transport is assigned to the growing demand for temperature-controlled food across the world, globalization, and technological improvements in refrigerated transport systems and equipment. Lack of transport infrastructure support in emerging industries and skilled resources in developed sectors and maintaining integrity during transportation of perishables commodities are the factors limiting the increase of the market.

Bakery & confectionery among the chilled products segment is planned to be the quickest-growing segment in the refrigerated transport market.

Bakery & confectionery items are temperature-sensitive.Bread is the one of the most widely produced and consumed bakery products.

The bakery & confectionery segment is expected to grow at the highest compound annual growth rate (CAGR).Bakery & confectionery have always been attractive with developing economies contributing more and developed economies adding value to it.

Refrigeration is needed in the manufacture of other bakery products as well, in order to preserve uniformity of the product, prevent spoilage, and for storage.

Air-blown Evaporators: The biggest segment in refrigerated road transportation market, by technology.

The air blown evaporators market is forecasted to be the biggest market in the technology segment.In this system, refrigeration unit fans directs the air to circulate around the inside portion of the refrigerated space to remove the heat.

The air is returned to the cooling coil through the floor or the space under the pallets.The air-blown evaporators system in not complicated and has been used since past years.

This is one of the most used technology by any refrigerated truck manufacturer due to the low cost and easy serviceability.

Asia-Pac is intended to be the quickest-increasing area in the refrigerated transport market.

Asia Pacific (APAC) is forecasted to be the quickest developing market for refrigerated transport.The refrigeration transport revenue of the Asia-Pacific area is growing quickly due to high increase in the bakery and confectionery segment here.

Bakery & confectionery have always been attractive with developing economies contributing more and developed economies adding value to it.

Distribution of primaries:

• By Company category: Tier 1 - 25 %, Tier 2 - 40.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 28.0 percent, D-level - 22.0 percent, and Others - 50.0 percent

• By Area: North America continent - 30.0 percent, Europe (EU) - 25.0 percent, Asia Pacific (APAC) - 40.0 percent, and rest of the world - 5.0 percent

The refrigerated transport market is leaded by, is monopolized by top players including Nestlé, Tyson Foods, Incorporated, The Kraft Heinz Company, General Mills Inc., Smithfield Foods. , Kellogg Co., Conagra Brands, Inc., Kerry Group, Del Monte Pacific Ltd, United Technologies Corporation, Daikin Industries, Ingersoll Rand Inc., and ARYZTA AG.

Segment Research

The industry report examines the refrigerated transport market across various industry verticals and localities.It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including product type, mode of transportation, vehicle type, technology, and area.

Moreover, the study also comprises a detailed competitive analysis of the top players in the industry together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global refrigerated transport market and submarkets.This industry report will facilitate partners to better find out the competitive landscape and obtain additional insights to better option their businesses and make suitable go-to-market approaches.

The market research also benefits the partners to comprehend the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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