The global refrigerated transport market 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Refrigerated transport refers to the temperature-controlled freight shipping vehicles, such as refrigerated trucks and shipping containers. These vehicles are equipped with a built-in cooling system that maintains the desired temperature throughout the transportation process. They are commonly used for transporting products such as fruits, meat, seafood, and dairy, along with non-food products such as pharmaceuticals and flowers. These vehicles aid in maximizing the shelf life of the product, while ensuring year-round availability of seasonal products.
The growing food and beverage industry represent as one of the key factors driving the growth of the market. This, along with the growth of the cold chain industry across the globe, is further contributing to the market growth. Furthermore, owing to the growing health-consciousness among consumers, the demand for frozen variants of various fresh products has increased, along with the growing demand for the service from residential as well as foodservice operators, such as quick-service restaurants (QSRs), hotels and other eateries. Since the food products and raw materials require controlled temperatures during transportation for storage and prevention of spoilage, refrigerated transport has become integral to the distribution process. Additionally, the manufacturing of temperature-sensitive pharmaceutical drugs and expanding trade opportunities across the globe, are also providing a thrust to the market growth. Other factors, such as the implementation of favorable government policies and regulations regarding the production, processing, transportation and quality of products, along with the increasing adoption of marine transport vehicles, owing to their cost-effectiveness, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global refrigerated transport market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on mode of transportation, technology, temperature and application.
Breakup by Mode of Transportation:
Refrigerated Road Transport
Refrigerated Sea Transport
Refrigerated Rail Transport
Refrigerated Air Transport
Breakup by Technology:
Vapor Compression Systems
Breakup by Temperature:
Breakup by Application:
Chilled Food Products
Bakery and Confectionery Products
Fresh Fruits and Vegetables
Frozen Food Products
Frozen Dairy Products
Processed Meat Products
Fish and Seafood Products
Breakup by Region:
Middle East and Africa
United Arab Emirates
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. Key Questions Answered in This Report
1. What was the global refrigerated transport market size in 2021?
2. What is the impact of COVID-19 on the global refrigerated transport market?
3. What will be the global refrigerated transport market outlook during the forecast period (2022-2027)?
4. What are the global refrigerated transport market drivers?
5. What are the major trends in the global refrigerated transport market?
6. What is the global refrigerated transport market breakup by transportation?
7. What is the global refrigerated transport market breakup by technology?
8. What is the global refrigerated transport market breakup by temperature?
9. What is the global refrigerated transport market breakup by application?
10. What are the major regions in the global refrigerated transport market?