Global refrigerated transport market is expected to grow at a steady CAGR during the forecast period. The global refrigerated transport market is driven by growing demand for temperature-controlled food, worldwide. Continuous improvements in terms of refrigerated systems technology is expected to bolster the growth of market over the next few years. Additionally, on account of certain benefit it offers including transport of fresh products, protection from spoilage, and weather conditions, is further driving the market growth through 2027.
The global refrigerated transport market is segmented based on mode, product type, technology, temperature, and region. Based on mode, the market can be categorized into road, sea, rail and air. The road segment is anticipated to dominate the global refrigerated transport market during the forecast period. The road segment is further categorized into refrigerated LCV, refrigerated MHCV and refrigerated HCV. Out of which, the refrigerated LCV segment is projected to lead the market in the years to come which can be attributed to high demand for home delivery services and developments in the foodservice industry and food processing sector. Additionally, increase in delivery of dairy products and pharmaceuticals by vans for short-distance transportation, is further aiding the segmental growth over the coming years.
The major players operating in the refrigerated transport market are Nestle Tyson Foods, Inc., Kerry Group, Del Monte Pacific Ltd, United Technologies Corporation, Daikin Industries, Ingersoll Rand Inc., The Kraft Heinz Company, General Mills Inc., Smithfield Foods., Kellogg Co. and others.
Objective of the Study:
- To analyze and estimate the market size of global refrigerated transport market from 2017 to 2020.
- To estimate and forecast the market size of global refrigerated transport market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global refrigerated transport market based on mode, product type, technology, temperature, company and regional distribution.
- To identify dominant region or segment in the global refrigerated transport market.
- To identify drivers and challenges for global refrigerated transport market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global refrigerated transport market.
- To conduct pricing analysis for global refrigerated transport market.
- To identify and analyze the profile of leading players operating in global refrigerated transport market.
- To identify key sustainable strategies adopted by market players in global refrigerated transport market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of global refrigerated transport market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
- Refrigerated transport manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to refrigerated transport
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global refrigerated transport market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Refrigerated Transport Market, By Mode:
- Road
- Refrigerated LCV
- Refrigerated MHCV
- Refrigerated HCV
- Sea
- Rail
- Air
- Global Refrigerated Transport Market, By Product Type:
- Chilled
- Frozen
- Global Refrigerated Transport Market, By Technology:
- Vapor Compression Systems
- Cryogenic Systems
- Global Refrigerated Transport Market, By Temperature:
- Single Temperature
- Multi Temperature
- Global Refrigerated Transport Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
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According to MarketsandMarkets, the refrigerated transport market is estimated to be valued at USD 15.5 billion in 2019 and is projected to reach USD 21.6 billion by 2025, recording a CAGR of 5.8% from 2019 to 2025.
The growing demand for frozen food due to the increasing urbanization and changing lifestyle are factors projected to drive the market for refrigerated transport.Refrigerated transport services are gaining importance in the food industry due to the increasing demand for processed foods at a global level.
Developing countries such as India and Brazil are projected to create lucrative opportunities for frozen and chilled food manufacturers and service providers of refrigerated transport in the coming years.Make an Inquiry:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=779494Service providers are looking for new strategies to select transport modes with a view to cutting costs and increasing supply chain efficiency.
Currently, intermodal transport is increasingly used in the food & beverage industry.
Refrigerated railroad cars save considerable fuel and carry high volumes of perishable commodities than cargos over long distances.
Multi-temperature compartments are similar to single-temperature compartments and use control and monitoring systems that assess the temperature of the refrigerated environment at regular intervals.
The Global Refrigerated Transport Market research report offers accurate insights for the growth prospects of the Refrigerated Transport market in the forecast years 2020-2027.
The report is an all-inclusive study of the Refrigerated Transport market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the Refrigerated Transport industry as global supply chains have been disrupted, and the financial scenario is tight.
The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2925Scope of the Market Report:The report offers a holistic overview of the Refrigerated Transport industry that offers all the essential information.
The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
