The refrigerated transport market is a vital component of the global supply chain, responsible for the safe and efficient transport of perishable goods such as food and pharmaceuticals. This market is expected to grow significantly in the coming years due to increasing demand for temperature-controlled transportation services in emerging economies, the rise in e-commerce and direct-to-consumer delivery, and the growing focus on sustainability and reducing food waste.
As demand for perishable goods continues to grow, so does the refrigerated transport market, which is set to expand at a rapid pace with a projected CAGR of 7.2% from 2022 to 2027, reaching a valuation of $160.7 billion.
The refrigerated transport industry includes a variety of modes of transportation, such as refrigerated trucks, trailers, and containers, as well as air and sea freight. These vehicles are equipped with advanced refrigeration technology to maintain a consistent temperature throughout the journey, ensuring the quality and safety of the products being transported.
One of the primary drivers of growth in the refrigerated transport market is the increasing demand for fresh and frozen food products, which requires temperature-controlled transportation to ensure their safety and quality. The pharmaceutical industry also relies heavily on refrigerated transport to transport vaccines and other temperature-sensitive products.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=779494
There are several key trends shaping the refrigerated transport market. Here are some of the most important ones:
Growing demand for temperature-controlled e-commerce delivery: The rise of e-commerce and direct-to-consumer delivery has led to a surge in demand for temperature-controlled transport services for perishable goods such as food and pharmaceuticals.
Increasing focus on sustainability: With growing awareness of the impact of transportation on the environment, there is a growing focus on reducing carbon emissions and improving energy efficiency in refrigerated transport.
Advancements in refrigeration technology: The development of advanced refrigeration technology, such as electric and hybrid-powered refrigeration units, is making refrigerated transport more energy-efficient and sustainable.
Shift towards digitalization: The use of digital technologies such as Internet of Things (IoT) sensors and data analytics is enabling better monitoring and management of temperature-controlled transport, improving efficiency and reducing waste.
Expansion into emerging markets: The refrigerated transport market is expanding rapidly in emerging markets such as Asia-Pacific and Latin America, driven by increasing demand for perishable goods and the growth of the middle class.
Increasing regulation: Governments around the world are introducing stricter regulations for the transportation of perishable goods, including requirements for temperature monitoring and control, to ensure the safety and quality of the products being transported.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=779494
The refrigerated transport market in Europe is undergoing a transformation as food product manufacturers and retailers shift from local service providers to larger pan-European service providers. This trend is being driven by several factors, including the development of network-focused technological solutions that enable more efficient and cost-effective transportation of perishable goods across borders. Additionally, the refrigerated transport industry in Europe has undergone significant technological upgradation in recent years, with companies investing in advanced refrigeration systems and transport to ensure the safety and quality of the products being transported.
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.
