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Global Refrigerated Transport Market: By Mode of Transportation; By Technology; By Temperature; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Refrigerated Transport Market Outlook

The global refrigerated transport market attained a value of USD 15.3 billion in 2020. The market is expected to register a CAGR of 5.7% during the forecast period of 2022-2027 is anticipated to reach USD 21.1 billion by 2026.

 

Global Refrigerated Transport Market

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On the basis of the mode of transportation, the refrigerated road transport segment dominated the refrigerated transport market in 2020. Based on the technology, the vapour compression systems accounted for the largest market in 2020, as it represents the most standard technology used in refrigerated transport. Based on temperature, the single temperature segment held the majority of the total industry share across the globe. On the basis of the application segment, the chilled food product segment was estimated to hold the largest segment in 2020. Moreover, the frozen food product segment is expected to be the fastest-growing segment over the forecast period of 2022-2027. Geographically, the Asia Pacific accounted for the largest market in 2020.

 

Properties and Applications

Refrigerated transport is a temperature-controlled means of transportation, such as refrigerated trucks and shipping containers. These vehicles are equipped with an in-built cooling system that maintains the required temperature throughout the transportation process. It is used for shipping perishable products, including vegetables and fruits, dairy, freshly cut flowers, meat, seafood, and pharmaceutical products.

 

Global Refrigerated Transport Market By Technology

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On the basis of the mode of transportation, the global refrigerated transport market is segmented into:

  • Refrigerated Road Transport
  • Refrigerated Sea Transport
  • Refrigerated Rail Transport
  • Refrigerated Air Transport

The industry can be broadly categorised on the basis of the technology segment into:

  • Vapour Compression Systems
  • Air-Blown Evaporators
  • Eutectic Devices
  • Cryogenic Systems

Based on the temperature, the industry is segmented into:

  • Single-Temperature
  • Multi-Temperature

On the basis of application, the global refrigerated transport market is segregated into:

  • 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

The EMR report looks into the regional markets in the global refrigerated transport market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Global Refrigerated Transport Market By Region

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Market Analysis

The growing food and beverage industry represents one of the key factors driving the growth of the industry. Furthermore, owing to the increasing health-consciousness among consumers, the demand for frozen variants of various fresh products has increased, which in turn expected to foster the industry growth. Also, the increasing demand for perishable goods is anticipated to boost the refrigerated transport market, since it aids in extending the shelf-life of these products and ensure year-round availability of seasonal goods. Since the food products require controlled temperatures while transportation for the storage and prevention of spoilage, refrigerated transport is becoming integral to the distribution process.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global refrigerated transport market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • C.H. Robinson Worldwide, Inc
  • Carrier
  • Daikin Europe N.V
  • DB Schenker
  • Trane Technologies
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Mode of Transportation, Technology, Temperature, Application, Region
Breakup by Mode of Transportation Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport
Breakup by Technology Vapour compression Systems, Air-Blown Evaporators, Eutectic Devices, Cryogenic Systems
Breakup by Temperature Single-Temperature, Multi-Temperature
Breakup by Application Chilled Food Products, Frozen Food Products, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered C.H. Robinson Worldwide, Inc, Carrier, Daikin Europe N.V, DB Schenker, Trane Technologies, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

 
1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Refrigerated Transport Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Refrigerated Transport Historical Market (2017-2021) 
    8.3    Global Refrigerated Transport Market Forecast (2022-2027)
    8.4    Global Refrigerated Transport Market by Mode of Transportation
        8.4.1    Refrigerated Road Transport
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Refrigerated Sea Transport
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Refrigerated Rail Transport
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Refrigerated Air Transport
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
    8.5    Global Refrigerated Transport Market by Technology
        8.5.1    Vapour compression Systems
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Air-Blown Evaporators
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Eutectic Devices
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Cryogenic Systems
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Refrigerated Transport Market by Temperature
        8.6.1    Single-Temperature
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Multi-Temperature
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Refrigerated Transport Market by Application
        8.7.1    Chilled Food Products
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
            8.7.1.4    Major Types
                8.7.1.4.1    Dairy Products
                8.7.1.4.2    Bakery and Confectionery Products
                8.7.1.4.3    Fresh Fruits and Vegetables
                8.7.1.4.4    Others
        8.7.2    Frozen Food Products
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
            8.7.2.4    Major Types
                8.7.2.4.1    Frozen Dairy Products
                8.7.2.4.2    Processed Meat Products
                8.7.2.4.3    Fish and Seafood Products
                8.7.2.4.4    Others
        8.7.3    Others
    8.8    Global Refrigerated Transport Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Market (2017-2021)
        9.3.2    Market Forecast (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    C.H. Robinson Worldwide, Inc
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    Carrier
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    Daikin Europe N.V
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    DB Schenker
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications
        12.3.5    Trane Technologies
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Financial Summary
            12.3.5.5    Certifications
        12.3.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Refrigerated Transport Market: Key Industry Highlights, 2016 and 2026
2.    Global Refrigerated Transport Historical Market: Breakup by Mode of Transportation (USD Billion), 2017-2021
3.    Global Refrigerated Transport Market Forecast: Breakup by Mode of Transportation (USD Billion), 2022-2027
4.    Global Refrigerated Transport Historical Market: Breakup by Technology (USD Billion), 2017-2021
5.    Global Refrigerated Transport Market Forecast: Breakup by Technology (USD Billion), 2022-2027
6.    Global Refrigerated Transport Historical Market: Breakup by Temperature (USD Billion), 2017-2021
7.    Global Refrigerated Transport Market Forecast: Breakup by Temperature (USD Billion), 2022-2027
8.    Global Refrigerated Transport Historical Market: Breakup by Application (USD Billion), 2017-2021
9.    Global Refrigerated Transport Market Forecast: Breakup by Application (USD Billion), 2022-2027
10.    Global Refrigerated Transport Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Refrigerated Transport Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Refrigerated Transport Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Refrigerated Transport Market Structure

Key Questions Answered in the Report

In 2020, the global refrigerated transport market reached a value of USD 15.3 billion. 

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 5.7%.

By 2026, the market is estimated to attain USD 21.1 billion.

The major drivers of the industry such as rising disposable incomes, increasing population, thriving food and beverage industry, rising demand for perishable goods and seasonal fruits, and increasing importance of refrigerated transport in the food distribution process are expected to aid the market growth.

The growing consumption of frozen variants of fresh products due to rising demand for healthy food products is a key trend driving the growth of the industry.

The major regions in the industry are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market share.

The leading mode of transportation in the industry is refrigerated road transport.

Vapour compression systems account for the largest market share among other technology types in the industry.

The single-temperature segment dominates the industry.

The chilled food products segment accounts for the largest market share among other application segments.

The leading players in the industry are C.H. Robinson Worldwide, Inc, Carrier, Daikin Europe N.V., DB Schenker, and Trane Technologies, among others.

Analyst Review

The global refrigerated transport market attained a value of USD 15.3 billion in 2020 driven by rising demand for perishable goods. Aided by the growing integration of refrigerated transport in the food distribution process, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.7%. The market is projected to reach USD 21.1 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on the mode of transportation, the market is segmented into refrigerated road, sea, rail, and air transport, with the refrigerated road transport accounting for the largest market share. On the basis of technology, vapour compression systems account for the leading market share. Single-temperature and multi-temperature are the major temperature segments in the industry, with single-temperature segment dominating the market. On the basis of application, the chilled food products led the industry. The major regional markets for refrigerated transport are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above industry include C.H. Robinson Worldwide, Inc, Carrier, Daikin Europe N.V., DB Schenker, Trane Technologies, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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