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Report Overview

The global refrigerated transport market attained a value of USD 18.03 Billion in 2024. The market is expected to register a CAGR of 5.50% during the forecast period of 2025-2034 is anticipated to reach USD 30.80 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Compound Annual Growth Rate

Value in USD Billion

5.5%

2025-2034


Refrigerated Transport Market Outlook

*this image is indicative*

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 2025-2034. Geographically, the Asia Pacific accounted for the largest market in 2020.

Market Segmentation

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.

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

Based on the region, the industry is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Refrigerated Transport Market By Technology

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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.

Refrigerated Transport Market Report Snapshots

Refrigerated Transport Market Size

Refrigerated Transport Market Analysis

Refrigerated Transport Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global refrigerated transport market reached a value of USD 18.03 Billion.

In the forecast period of 2025-2034, the market is projected to grow at a CAGR of 5.50%.

By 2034, the market is estimated to attain USD 30.80 Billion.

The thriving food and beverage sector, the increasing importance of refrigerated transport in the food distribution process, and the rising demand for perishable goods and seasonal fruits are propelling the market.

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 market.

The major regions in the market are Latin America, North America, the Middle East and Africa, Europe, and the Asia Pacific.

The various modes of transportation considered in the market report are refrigerated road transport, refrigerated sea transport, refrigerated air transport, and refrigerated rail transport.

Vapour compression systems, air-blown evaporators, eutectic devices, and cryogenic systems are the major technologies of refrigerated transport considered in the market report.

The significant temperatures considered in the market report include single-temperature and multi-temperature.

Chilled food products and frozen food products, among others, are the several applications of refrigerated transport.

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

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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