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The refrigerated transport market growth can be attributed to a surge in innovation, with advancements in refrigeration systems leading the charge. Electric and solar-powered units are replacing traditional diesel-powered systems, offering improved efficiency and a significant reduction in environmental impact.
Smart technologies empower real-time monitoring of temperature, humidity, and vehicle location, guaranteeing optimal conditions during the transportation of goods. This significantly mitigates risks, including spoilage, contamination, and regulatory non-compliance. The drive toward automation and advanced data analytics facilitates predictive maintenance, optimised routing, and other operational efficiencies, reducing overall costs. Consequently, technology serves as a key growth catalyst within the market, incentivising service providers to adopt cutting-edge solutions to maintain a competitive advantage.
Further, the market is being driven by the expansion of the e-commerce sector, rising urbanisation, and evolving consumer preferences. The increasing popularity of online shopping for perishable goods necessitates dependable road transportation solutions to ensure timely last-mile delivery. Furthermore, rapid urbanisation and shifting lifestyles have fuelled a surge in demand for convenience foods, such as frozen and ready-to-eat meals, further amplifying the need for refrigerated road transport networks to reach diverse urban and suburban markets.
Regulatory compliance is a critical driver of the market. Stricter food safety regulations require the use of sophisticated vehicles to ensure compliance with quality and safety standards. Growing consumer awareness has increased demand for high-quality and speciality foods, which often necessitate transport under precise temperature conditions. Furthermore, technological advancements in refrigeration, including real-time monitoring, have enhanced the efficiency and reliability of temperature-controlled road transport.
C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) provides industry-leading temperature-controlled shipping solutions. With North America's largest network of reliable temperature-controlled capacity, it offers a wide range of cold chain transport services. Its 21,000+ contract carriers are Sanitary Transportation of Food (STF) compliant, ensuring expertise and safe handling of temperature-sensitive products.
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The major players in the global refrigerated transport market are C.H. Robinson Worldwide, Inc., Carrier, Daikin Europe N.V, DB Schenker, and Trane Technologies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Mode of Transportation |
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Breakup by Technology |
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Breakup by Temperature |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124