According to the latest report by IMARC Group, titled “Refrigerated Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The refrigerated transport industry research report also includes competitor and regional analysis, and contemporary advancements in the market. The global refrigerated transport market size reached US$ 17.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.31% during 2023-2028.
Refrigerated Transport Market Overview:
Refrigerated transport refers to the transportation of perishable goods at controlled temperatures to ensure their quality and freshness throughout the supply chain. It involves the use of specialized vehicles equipped with refrigeration units to maintain the desired temperature conditions. The primary objective of refrigerated transport is to prevent spoilage, maintain product integrity, and extend the shelf life of temperature-sensitive items. Some of the most common products that require refrigerated transport include fresh produce, dairy products, pharmaceuticals, and frozen goods.
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Global Refrigerated Transport Market Trends:
The global market is majorly driven by the increasing demand for perishable food products due to the rising consumer preference for fresh and high-quality food items. In line with this, the rapid expansion of the pharmaceutical industry with an enhanced focus on temperature-sensitive products such as vaccines and biologics is resulting in the rising need for reliable refrigerated transport.
Moreover, continual advancements in refrigeration technology, such as the development of energy-efficient systems and intelligent temperature monitoring solutions, are driving the adoption of refrigerated transport services. Also, stringent regulations and food safety standards taken by governments of several countries are creating a positive market outlook. Furthermore, the considerable rise in global trade and the import-export of perishable goods across countries requiring long-distance shipments is impacting the market positively.
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Key Market Segmentation:
Competitive Landscape:
- 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
Breakup by Mode of Transportation:
- Refrigerated Road Transport
- Refrigerated Sea Transport
- Refrigerated Rail Transport
- Refrigerated Air Transport
Breakup by Technology:
- Vapor Compression Systems
- Air-Blown Evaporators
- Eutectic Devices
- Cryogenic Systems
Breakup by Temperature:
- Single-Temperature
- Multi-Temperature
Breakup by Application:
- Chilled Food Products
- Dairy Products
- Bakery and Confectionery Products
- Fresh Fruits and Vegetables
- Others
- Frozen Food Products
- Frozen Dairy Products
- Processed Meat Products
- Fish and Seafood Products
- 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)
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