Global Refrigerated Transportation Market 2018-2022

Global Refrigerated Transportation Market 2018-2022

About Refrigerated Transportation

Refrigerated transportation refers to temperature-controlled freight shipping of perishable products, throughout the supply chain.
Technavio’s analysts forecast the global refrigerated transportation market to grow at a CAGR of 6.72% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global refrigerated transportation market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of refrigerated transportation across several end-user industries.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Refrigerated Transportation Market 2018-2022, 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

C.H. Robinson Worldwide
DB Schenker
Deutsche Post DHL Group
FedEx
KUEHNE + NAGEL

Market driver

Rising initiatives and programs to promote cold chain
For a full, detailed list, view our report

Market challenge

Rising operational difficulties with increased governmental regulations and policies
For a full, detailed list, view our report

Market trend

Increased adoption of sustainable initiatives
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2022 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?

PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Refrigerated Transportation Market 2018-2022

Technavio recognizes the following companies as the key players in the global refrigerated transportation market: C.H. Robinson Worldwide, DB Schenker, Deutsche Post DHL Group, FedEx, KUEHNE + NAGEL.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the introduction of blockchain technology in transportation services. Various cold chain logistics and retail companies are now implementing the blockchain technology in their cold supply chain to improve efficiency and data security in the supply chain.”

According to the report, one of the major drivers for this market is the growing demand for frozen and perishable food. Many factors such as increasing disposable incomes, changing consumption patterns, and rapid urbanization are driving the demand for frozen food and perishable food products in countries such as the US, the UK, Germany, China, India, Australia, Japan, Brazil, and Canada.

Further, the report states that one of the major factors hindering the growth of this market is the shortage of truck drivers resulting in higher lead time. Furthermore, the shortage of skilled drivers is also posing an operational challenge to vendors operating in the global refrigerated transportation market, which would limit the market growth during the predicted period.

Companies Mentioned

C.H. Robinson Worldwide
DB Schenker
Deutsche Post DHL Group
FedEx
KUEHNE + NAGEL