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Global Refrigerated Road Transportation Market 2017-2021

Global Refrigerated Road Transportation Market 2017-2021

About Refrigerated Road Transportation

Refrigerated transportation is used to supply customers with fresh and high-quality perishable goods such as fruits, vegetables, meat, and other perishables. Each of these food items requires to be kept at different temperatures. Refrigerated devices are used to maintain the temperature at the required limit during transportation.

Technavio’s analysts forecast the global refrigerated road transportation market to grow at a CAGR of 26.49% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global refrigerated road transportation market for 2017-2021. To calculate the market size, the report considers the revenue generated by the refrigerated road transportation vendors.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Refrigerated Road Transpiration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier Transicold
  • GAH Refrigeration
  • Culina
  • Swift Transportation
Other prominent vendors
  • Bay & Bay Transportation
  • DB Schenker
  • CRST International
  • Frost Trucking
  • Great Dane
  • Hanson Logistics
Market driver
  • Increasing demand for frozen food products, growing at a CAGR of 4%
  • For a full, detailed list, view our report
Market challenge
  • Risk of equipment failure during transportation
  • For a full, detailed list, view our report
Market trend
  • Integration of GPS tracking and temperature monitoring systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Refrigerated Road Transportation Market 2017-2021

Technavio recognizes the following companies as the key players in the global refrigerated road transportation market: Carrier Transicold, GAH Refrigeration, Culina, and Swift Transportation

Other Prominent Vendors in the market are: Bay & Bay Transportation, DB Schenker, CRST International, Frost Trucking, Great Dane, Hanson Logistics, MCT Transportation, Randon Implementos, Schmitz Cargobull, WEL Companies, West Coast Carriers, and Witte Bros. Exchange

Commenting on the report, an analyst from Technavio’s team said: “When perishable goods, such as vegetables, meat, and fruits are transported, especially over long distances, the temperature needs to be maintained throughout the transit. During equipment failure, the temperature in the trucks and trailers stops working resulting in spoilage of goods. When equipment failures go undetected for a considerable period of time, the products in the trucks and trailers get spoilt. To avoid the huge loss of goods, manufacturers have started installing temperature monitoring systems in the refrigerated units. Through the temperature monitoring system, a temperature alarm is set in each truck or trailer that is monitored either through fleet management software or intelligent alarm units and sends messages to the drivers in case of any equipment failure. Through these systems, the time taken to respond to refrigeration equipment failures is reduced by almost 70%, as the problem is immediately fixed or the goods are transferred to another truck, thereby saving the goods from spoilage.”

According to the report, the primary reason for the growth in frozen food segments is due to the lifestyle change and dietary patterns of consumers across the world. Frozen food, when compared with fresh foods, is perceived to be more nutritious, as the ingredients in the food are frozen. For instance, frozen broccoli has high levels of lutein and vitamin C compared with fresh broccoli. Similarly, frozen carrots and blueberries have more vitamin C and lutein content compared with its fresh form. The global frozen food market was valued at $255 billion in 2015 and will post a CAGR of 4% during the forecast period.

Further, the report states that use of diesel fuel is harmful to the environment as it releases black soot that contaminates the air particles and the surroundings. The cost of diesel fuel is also a major concern for refrigerated truck manufacturers. On an average, diesel power refrigeration unit consumes about 3.5 to 5 liters of diesel, per hour, costing around $1.00 -$1.50 per liter. An average input of 3,000 hours in a year, the cost of fuel for a conventional refrigeration unit will cost $12,000. The maintenance cost of refrigeration units is also expensive due to the complexity of the unit. On an average, the maintenance cost of refrigerated trucks will be $6,500 in a year. Though many vendors in the market have shifted to alternative and cost-effective methods, such as nitrogen systems, the majority of the vendors are still highly dependent on diesel fuel. Nitrogen systems used by many refrigeration transport units cost upwards of $8,000 per year, and almost 55%-60% of the maintenance costs gets reduced.

Companies Mentioned

Carrier Transicold, GAH Refrigeration, Culina, Swift Transportation, Bay & Bay Transportation, DB Schenker, CRST International, Frost Trucking, Great Dane, Hanson Logistics, MCT Transportation, Randon Implementos, Schmitz Cargobull, WEL Companies, West Coast Carriers, Witte Bros. Exchange.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Service offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Transport temperature required for chilled products
      • Table Transport temperature for frozen products
  • Market landscape
    • Global refrigerated road transportation market
      • Table Global refrigerated road transportation market 2016-2021 ($ billions)
      • Table Cold chain logistics value chain for food and beverage industry
      • Table Size specification range of refrigerated trucks and trailers
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation
    • Global refrigerated road transportation market by vehicle type
      • Table Global refrigerated road transportation market by vehicle type 2016-2021
      • Table Global refrigerated transportation market by vehicle type 2016-2021 ($ billions)
    • Global refrigerated road transportation market by refrigerated trailers
      • Table Global refrigerated road transportation market by refrigerated trailers 2016-2021 ($ billions)
    • Global refrigerated road transportation market by refrigerated vans
      • Table Global refrigerated road transportation market by refrigerated vans 2016-2021 ($ billions)
  • Geographical segmentation
    • Global refrigerated road transportation market by geography
      • Table Global refrigerated road transportation market by geography 2016-2021 (revenue share)
      • Table Global refrigerated transportation market: YoY growth 2016-2021
    • Refrigerated road transportation market in APAC
      • Table Refrigerated road transportation market in APAC: Overview
      • Table Refrigerated road transportation market in APAC 2016-2021 ($ billions)
    • Refrigerated road transportation in Americas
      • Table Refrigerated road transportation market in Americas: Overview
      • Table Refrigerated road transportation market in Americas 2016-2021 ($ billions)
    • Refrigerated road transportation market in EMEA
      • Table Refrigerated road transportation market in EMEA: Overview
      • Table Refrigerated road transportation market in EMEA 2016-2021 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive Scenario
      • Table Key performance indicators of vendors
    • Carrier Transicold
      • Table Carrier Transicold: Business segmentation
      • Table Carrier Transicold: Solution offerings
      • Table Carrier Transicold: Service offerings
    • GAH Refrigeration
      • Table GAH Refrigeration: Product segmentation
    • Culina Group
      • Table Culina Group: Key solutions
    • Swift Transportation
      • Table Business segmentation by revenue 2015
      • Table Swift Transportation: Service offerings
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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