Global Refrigerated Transport Market Overview:
According to the latest report by IMARC Group, titled “Refrigerated Transport Market Outlook: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global refrigerated transport market size reached a value of US$ 16.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2027, exhibiting at a CAGR of 5.51% during 2022-2027.
Refrigerated transport refers to the transportation of perishable food products, such as fresh fruits and vegetables, meat, fish, dairy products, confectionery, and pharmaceuticals, by preserving them at low temperatures. These systems are active and passive temperature-controlled insulated container systems that are used for transport. It helps to preserve the quality of the products even in harsh environments.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Refrigerated Transport Market Trends:
The global market is primarily driven by the increasing trade of perishable commodities at on a global level. Furthermore, numerous technological solutions introduced by refrigerated transport service providers for reducing the environmental impact are creating a positive outlook for the market. Apart from this, the widespread integration advent of multi-temperature systems is offering lucrative opportunities for the key manufacturers. Moreover, the growing considerable growth in the food and beverage industry is acting as another major growth-inducing factor. Besides this, the increasing demand for frozen food products among the masses and is positively influencing the market growth. Additionally, the rising demand for temperature-sensitive pharmaceutical drugs across the globe is are providing a thrust to the market growth.
Refrigerated Transport Market 2022-2027 Analysis and Segmentation:
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.
Breakup by Mode of Transportation:
- Road Transport
- Sea Transport
- Rail Transport
- Air Transport
Based on the mode of transportation, the market has been segmented into refrigerated road, sea, rail, and air transport.
Breakup by Technology:
- Vapor Compression Systems
- Air-Blown Evaporators
- Eutectic Devices
- Cryogenic Systems
On the basis of technology, the market has been classified into vapor compression systems, air-blown evaporators, eutectic devices, and cryogenic systems.
Breakup by Temperature:
The market has been categorized based on the temperature into single- and multi-temperature refrigerated transports.
Breakup by Application:
- Chilled Food Products
- Dairy Products
- Bakery and Confectionery Products
- Fresh Fruits and Vegetables
- Frozen Food Products
- Frozen Dairy Products
- Processed Meat Products
- Fish and Seafood Products
On the basis of the application, the market has been segregated into chilled food products (dairy products, bakery and confectionery products, fresh fruits and vegetables, and others), and frozen food products (frozen dairy, processed meat, fish and seafood, and other products), and others.
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance 2016-2021
- Market Outlook 2022-2027
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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