Refrigerated Transport Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Refrigerated Transport Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • June 2033
  • ICT
  • 0 pages

Report Description

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Refrigerated transport are means of transportation of perishable food products such as fresh fruits and vegetables, meat, fish, dairy products, confectionery, and pharmaceuticals by preserving them at low temperatures. Refrigerated transport systems are active and passive temperature-controlled insulated container systems used for transport. Appropriate temperature setting help preserve the quality of the products even in harsh environments. It also enables buyers across the globe to consume fruits and vegetables throughout the year, even though they are seasonal.

The major factor driving the refrigerated transport market is the rise in demand for frozen food products in households as well as for food service operators such as quick service restaurants, fast food restaurants, and other eateries that require frozen foods. This is attributed to increasing globalization and technological developments in refrigerated transport systems for fresh and temperature-controlled food products. Moreover, stringent government regulations regarding production, processing, transport, and quality of frozen foods are expected to fuel the market additionally. This has increased customer loyalty toward refrigerated food products, further driving the refrigerated transport market.

Restraints of the refrigerated transport market include the high capital investment, especially in the developing economies. Additionally, environmental variations reduce efficiency of transport infrastructure, further adding to the overall cost. However, with increasing demand for convenience foods, the impact of this restraint is expected to decrease in the future.

Increasing demand for marine mode of transportation owing to the comparatively low cost associated with it is expected to boost the refrigerated transport market. Rise in demand for meat and seafood across the world is expected to further propel the market. Apart from this, bakery and confectionary is also anticipated to be an attractive segment in the future, as bread is one of the most commonly consumed item globally and refrigeration is necessary to manufacture, maintain uniformity, prevent spoilage and preserve the product.

The refrigerated transport market can be segmented based on product type, mode of transportation, type of vehicle, technology, application, and geography. On the basis of product type, the refrigerated transport market can be segmented into chilled and frozen. On the basis of mode of transportation, the refrigerated transport market can be segmented into road, sea, rail, and air. On the basis of type of vehicle, the refrigerated transport market can be classified into light commercial vehicle (LCV), medium commercial vehicle (MCV), and heavy commercial vehicle (HCV). On the basis of technology, the refrigerated transport market can be bifurcated into vapor compression systems and cryogenic systems. On the basis of application, the refrigerated transport market can be segmented into fruits and vegetables, bakery and confectionary, dairy and frozen products, meat and sea food, and others. The others segment comprises condiments, salad dressing, dips, and sauces. Based on geography, the refrigerated transport market can be divided into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. Asia Pacific is expected to be the most attractive region and is expected to contribute significantly to the expansion of the global refrigerated transport market owing to increase in demand for bakery and confectionary products in the region.

Key players operating in the refrigerated transport market include Carrier Transicold, Inc., CMA CGM S.A., GAH Refrigeration Ltd, Maersk Line A/S, Limited, MSC Mediterranean Shipping Company S.A., and Swift Transportation Company. Other key players in the refrigerated transport market are Aryzta Ag, China International Marine Containers (Group) Ltd., Conagra Brands, Inc., Daikin Industries, Ltd., Del Monte Pacific Ltd, General Mills, Inc., Hyundai Motor Company, Ingersoll-Rand Plc, Kellogg Company, Kerry Group Plc., Lamberet Sas, Singamas Container Holdings Limited, The Kraft Heinz Company, Utility Trailer Manufacturing Company, Tyson Foods, Inc., and Wabash National Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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