Refrigerated Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Refrigerated Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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 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 report, along with forecasts at the global, regional and country level from 2023-2028. 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
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
Others
Breakup by Region:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being C. H. Robinson Worldwide, Inc., Daikin Industries Limited, FedEx Corporate Services, Inc., DB Schenker AG, General Mills Inc., Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies Corporation, Utility Trailer Manufacturing Company, Schmitz Cargobull AG, Singamas Container Holdings Limited, Wabash National Corporation, etc.
Key Questions Answered in This Report
1. What was the global refrigerated transport market size in 2022?
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 (2023-2028)?
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?
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 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 report, along with forecasts at the global, regional and country level from 2023-2028. 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
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
Others
Breakup by Region:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being C. H. Robinson Worldwide, Inc., Daikin Industries Limited, FedEx Corporate Services, Inc., DB Schenker AG, General Mills Inc., Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies Corporation, Utility Trailer Manufacturing Company, Schmitz Cargobull AG, Singamas Container Holdings Limited, Wabash National Corporation, etc.
Key Questions Answered in This Report
1. What was the global refrigerated transport market size in 2022?
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 (2023-2028)?
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?
Table of Contents
143 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Refrigerated Transport Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Mode of Transportation
- 6.1 Refrigerated Road Transport
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Refrigerated Sea Transport
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Refrigerated Rail Transport
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Refrigerated Air Transport
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Technology
- 7.1 Vapor Compression Systems
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Air-Blown Evaporators
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Eutectic Devices
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Cryogenic Systems
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by Temperature
- 8.1 Single-Temperature
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Multi-Temperature
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Application
- 9.1 Chilled Food Products
- 9.1.1 Market Trends
- 9.1.2 Major Types
- 9.1.2.1 Dairy Products
- 9.1.2.2 Bakery and Confectionery Products
- 9.1.2.3 Fresh Fruits and Vegetables
- 9.1.2.4 Others
- 9.1.3 Market Forecast
- 9.2 Frozen Food Products
- 9.2.1 Market Trends
- 9.2.2 Major Types
- 9.2.2.1 Frozen Dairy Products
- 9.2.2.2 Processed Meat Products
- 9.2.3.3 Fish and Seafood Products
- 9.2.4.4 Others
- 9.2.3 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Europe
- 10.2.1 Germany
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 France
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 United Kingdom
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 Italy
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Spain
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Russia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 Japan
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 India
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 South Korea
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Australia
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Indonesia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Argentina
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.4 Colombia
- 10.4.4.1 Market Trends
- 10.4.4.2 Market Forecast
- 10.4.5 Chile
- 10.4.5.1 Market Trends
- 10.4.5.2 Market Forecast
- 10.4.6 Peru
- 10.4.6.1 Market Trends
- 10.4.6.2 Market Forecast
- 10.4.7 Others
- 10.4.7.1 Market Trends
- 10.4.7.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Turkey
- 10.5.1.1 Market Trends
- 10.5.1.2 Market Forecast
- 10.5.2 Saudi Arabia
- 10.5.2.1 Market Trends
- 10.5.2.2 Market Forecast
- 10.5.3 Iran
- 10.5.3.1 Market Trends
- 10.5.3.2 Market Forecast
- 10.5.4 United Arab Emirates
- 10.5.4.1 Market Trends
- 10.5.4.2 Market Forecast
- 10.5.5 Others
- 10.5.5.1 Market Trends
- 10.5.5.2 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 C. H. Robinson Worldwide, Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Daikin Industries Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 FedEx Corporate Services, Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 DB Schenker AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 General Mills Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Hyundai Motor Company
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Ingersoll Rand Inc
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Krone Commercial Vehicle Group
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 LAMBERET SAS
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 United Technologies Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Utility Trailer Manufacturing Company
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Schmitz Cargobull AG
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Singamas Container Holdings Limited
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.14 Wabash National Corporation
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
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