Reports

Refrigerated Transport Market

Global Refrigerated Transport Market: By Mode of Transportation; By Technology; By Temperature; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); 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 17.09 billion in 2022. The market is expected to register a CAGR of 5.5% during the forecast period of 2023-2028 is anticipated to reach USD 23.57 billion by 2028. 

 

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 2023-2028. 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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Refrigerated Transport Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Refrigerated Transport Historical Market (2018-2022) 
    8.3    Global Refrigerated Transport Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Refrigerated Sea Transport
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Refrigerated Rail Transport
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Refrigerated Air Transport
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Air-Blown Evaporators
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Eutectic Devices
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Cryogenic Systems
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Multi-Temperature
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
            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 (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
            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    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022)
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022)
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022)
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Refrigerated Transport Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe Refrigerated Transport Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Refrigerated Transport Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Refrigerated Transport Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Refrigerated Transport Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    C.H. Robinson Worldwide, Inc
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Carrier
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Daikin Europe N.V
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    DB Schenker
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Trane Technologies
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Refrigerated Transport Market: Key Industry Highlights, 2018 and 2028
2.    Global Refrigerated Transport Historical Market: Breakup by Mode of Transportation (USD Billion), 2018-2022
3.    Global Refrigerated Transport Market Forecast: Breakup by Mode of Transportation (USD Billion), 2023-2028
4.    Global Refrigerated Transport Historical Market: Breakup by Technology (USD Billion), 2018-2022
5.    Global Refrigerated Transport Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6.    Global Refrigerated Transport Historical Market: Breakup by Temperature (USD Billion), 2018-2022
7.    Global Refrigerated Transport Market Forecast: Breakup by Temperature (USD Billion), 2023-2028
8.    Global Refrigerated Transport Historical Market: Breakup by Application (USD Billion), 2018-2022
9.    Global Refrigerated Transport Market Forecast: Breakup by Application (USD Billion), 2023-2028
10.    Global Refrigerated Transport Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Refrigerated Transport Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Refrigerated Transport Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Refrigerated Transport Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Refrigerated Transport Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Refrigerated Transport Market Structure

Key Questions Answered in the Report

What was the global refrigerated transport market size in 2022?

In 2022, the global refrigerated transport market reached a value of USD 17.09 billion.

What is the growth rate of the global refrigerated transport market?

In the forecast period of 2023-2028, the market is projected to grow at a CAGR of 5.5%.

What is the forecast outlook of the global refrigerated transport market for 2023-2028?

By 2028, the market is estimated to attain USD 23.57 billion.

What are the major market drivers?

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.

What are the key trends of the global refrigerated transport 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.

What are the major regional markets of refrigerated transport, according to the market report?

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

What are the various modes of transportation considered in the market report?

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

What are the major technologies of refrigerated transport considered in the market report?

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

What are the significant temperatures considered in the market report?

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

What are the several applications of refrigerated transport?

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

Who are the key market players, according to the report?

The leading players in the market 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 17.09 billion in 2022 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 2023-2028, growing at a CAGR of 5.5%. The market is projected to reach USD 23.57 billion by 2028. 

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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