Global Refrigerated Transport Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Refrigerated Transport Market Overview
"The Refrigerated Transport Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective of providing 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 to make informed forecasts about the scenarios in future.
Refrigerated transport conveys perishable products such as fruits, vegetables, meat, fish, etc. It controls the temperature 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 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 a well-developed supply chain are factors expected to propel growth of the target market. Furthermore, improving storage facilities, especially in emerging economies, is also 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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