Global Refrigerated Transport Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global Refrigerated transport market in its upcoming report titled, “Global Refrigerated Transport Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global refrigerated transport market is estimated to register a CAGR of approximately 6% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global refrigerated transport market report has been segmented on the basis of mode of transportation, temperature, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Refrigerated transport is used for conveyance of perishable products such as fruits, vegetables, meat, fish, etc. It controls the temperature in order to preserve food products. Refrigerated transport is divided into shipping or river transport, air transport, motor transport, and rail road transport. For maintenance of temperature, refrigerator systems are used which contains liquefied gases, water ice, dry ice, or ready-made freezing mixtures. Transports also contains heater in winter season in order to maintain certain temperature for conservation of products. According to the size of the product that needs to be transported, vehicles are chosen such as reefer trailer, reefer van, refrigerated van, refrigerated truck, etc.
Growing trade of perishable good across borders is a major factor driving growth of the global refrigerated transport market. Increasing demand for perishable goods from various countries among consumers is another factor fueling growth of the global market. Availability of technologically advanced refrigerated transport coupled, with well-developed supply chain are factors expected to propel growth of the target market. Furthermore, improving storage facilities, especially in emerging economies is also a factor expected to boost growth of the global refrigerated transport market in the near future.
However, constantly changing fuel prices and requirement of high capital investment may hamper growth of the global refrigerated transport market. Nevertheless, increasing adoption of multi-temperature transport trucks and growing e-commerce sector can create high revenue opportunities for players in the target market.
Market in Asia Pacific accounts for major share in terms of revenue and is expected to witness high growth over the forecast period. Increasing consumer base and rising disposable income are factors fueling growth of the global market in this region. In addition, growing retail and e-commerce sector in developing countries such as China and India are also anticipated to fuel growth of the refrigerated transport market in Asia Pacific region.
Global Refrigerated Transport Market Segmentation:
Segmentation by mode of transportation:
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Medium and Heavy Commercial Vehicle (MHCV)
Segmentation by temperature:
- Multi Temperature
- Single Temperature
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- United Technologies Corporation (Carrier Corporation)
- Daikin Industries, Ltd.
- Ingersoll-Rand plc (Thermo King Corporation)
- China International Marine Containers (Group) Co., Ltd.
- Utility Trailer Manufacturing Company
- Singamas Container Holdings Limited
- Hyundai Motor Company
- Schmitz Cargobull AG
- Krone Fahrzeugwerk Bernard Krone GmbH
- Lamberet SAS
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