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 refrigerated transport market growth . The report also includes competitor and regional analysis, and contemporary advances 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 Transportation Market Outlook:
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.
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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 providing a thrust to the market growth.
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Key Market Segmentation:
Competitive Landscape:
- CH 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
- Singapore 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-Temperatures
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 SeafoodProducts
- 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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