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Refrigerated Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Refrigerated Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • June 2021
  • 184 pages
  • ID: 5878775
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global refrigerated transport market reached a value of US$ 16.11 Billion in 2020. Looking forward, the analyst expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Refrigerated transport refers to the temperature-controlled freight shipping vehicles, such as refrigerated trucks and shipping containers. These vehicles are equipped with a built-in cooling system that maintains the desired temperature throughout the transportation process. They are commonly used for transporting products such as fruits, meat, seafood, and dairy, along with non-food products such as pharmaceuticals and flowers. These vehicles aid in maximizing the shelf life of the product, while ensuring year-round availability of seasonal products.

The growing food and beverage industry represent as one of the key factors driving the growth of the market. This, along with the growth of the cold chain industry across the globe, is further contributing to the market growth. Furthermore, owing to the growing health-consciousness among consumers, the demand for frozen variants of various fresh products has increased, along with the growing demand for the service from residential as well as foodservice operators, such as quick-service restaurants (QSRs), hotels and other eateries. Since the food products and raw materials require controlled temperatures during transportation for storage and prevention of spoilage, refrigerated transport has become integral to the distribution process. Additionally, the manufacturing of temperature-sensitive pharmaceutical drugs and expanding trade opportunities across the globe, are also providing a thrust to the market growth. Other factors, such as the implementation of favorable government policies and regulations regarding the production, processing, transportation and quality of products, along with the increasing adoption of marine transport vehicles, owing to their cost-effectiveness, are projected to drive the market further.

Breakup by Mode of Transportation:
Refrigerated Road Transport
Refrigerated Sea Transport
Refrigerated Rail Transport
Refrigerated Air Transport

Breakup by Technology:
Vapor Compression Systems
Air-Blown Evaporators
Eutectic Devices
Cryogenic Systems

Breakup by Temperature:
Single-Temperature
Multi-Temperature

Breakup by Application:
Chilled Food Products
Dairy Products
Bakery and Confectionery Products
Fresh Fruits and Vegetables
Others
Frozen Food Products
Frozen Dairy Products
Processed Meat Products
Fish and Seafood Products
Others
Others

Breakup by Region:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Columbia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being C. H. Robinson, Daikin Industries, FedEx, DB Schenker, General Mills, Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies, Utility Trailer Manufacturing Company, Schmitz Cargobull, Singamas Container, Wabash National, etc.

Along with this, the analyst has also done a study on refrigerated transport market divided by region Europe and GCC which has enabled our clients to set up and expand their businesses successfully.

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