"Market Intelligence that Adds Flavour to Your Success"

Refrigerated Transport Market Size, Share & Industry Analysis, By Mode of Transportation (Sea, Air, Road, Railways), By Product (Chilled, Frozen), By Technology (Vapour Compression Systems, Eutectic Systems, Cryogenic Systems, Others) and Regional Forecast, 2019-2026

Region : Global | Report ID: FBI101476 | Status : Ongoing

 

KEY MARKET INSIGHTS

Refrigerated transport is referred to as temperature-controlled and conditioned freight shipment of perishable food items that include confectionary, fruits & vegetables, dairy products, seafood, fish and meat. The temperature-controlled system is designed intellectually to keep the food stored within it for longer.


Increasing number of small and large food chains across the globe, coupled with growing HoReCa sector especially across developing economies are projected to foster the demand for frozen food (raw materials) which is further expected to drive the growth of global refrigerated transport market during the foreseeable years.


Key companies operating in the global refrigerated transport market are centering on merger and collaboration strategies to strengthen their product portfolio and maintain their market significance in the global market. Daikin Industries, China International Marine Containers (Group) Ltd., and United Technologies are some of the key companies operating in the global refrigerated transport market.


To gain extensive insights into the market, Request for Customization


Refrigerated transport market is gaining momentum, owing to the escalation in globalization that has led to the growth of trade and rise in demand for frozen and packaged food across the globe. According to research findings, approximately one-fourth of the total global production of goods & services are exported. Emerging cold chain industry across the world, coupled with the introduction of latest freezing technology and automated freezing systems embedded in carrier vehicles are expected to contribute prominently in the growth of the refrigerated transport market.


Other crucial reasons that are expected to aid the growth of refrigerated transport market are rise in worldwide demand of frozen food in households, escalating demand of meat products (freezing is an effective process to keep meat products free of microbial contamination) and growing food service industry. Increased governmental concern regarding the safety of food and regulations on manufacturing, processing, and transportation of frozen food is further expected to boost the growth of the refrigerated transport market. However, the high capital investment required in refrigerated transport can restrict the growth of the market.


Key Players Covered


Some of the major companies that are present in the global refrigerated transport market are GAH Refrigeration Ltd., Carrier Transicold Inc., Daikin Industries, Swift Transportation Company, DB Schenker, Conagra Brands Inc., MSC Mediterranean Shipping Company S.A., Del Monte Pacific Ltd., Wabash National Corporation, China International Marine Containers (Group) Ltd., and C.H. Robinson worldwide.


Segmentation


























 ATTRIBUTE


 DETAILS

By Mode of Transportation




  • Sea

  • Air

  • Road

  • Railways



By Product




  • Chilled

  • Frozen



By Technology




  • Vapour Compression Systems

  • Eutectic Systems

  • Cryogenic Systems

  • Others



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa and Rest of ME&A)



Sea is expected to be the fastest-growing segment among various mode of transportation for refrigerated transport, due to the low cost associated with marine shipments. Being an affordable and efficient overseas mode of shipment this mode of transportation has huge scopes for future growth. Roadways are anticipated to be emerging as a leading segment during the forecast period, owing to rising adoption of light commercial road vehicles in the market, coupled with the presence of prominent market players such as Daikin Industries Ltd., United Technologies Corporation, and others that are focusing on the development of innovative refrigeration transport systems.


Among technology, vapour compression systems are projected to witness continuous growth during the forecast period, due to broad adoption and application of these systems across the globe. Direct belt drive, auxiliary diesel unit, vehicle alternator unit, and auxiliary alternator unit are some of the common refrigerated transport vapour compression drive systems used in refrigerated food transport.


Regional Analysis


The Asia Pacific is expected to register considerable growth in global refrigerated transport market during the forthcoming years, owing to the presence of rising economies in the region such as India and China. China, being the leading trader in global food products market, is expected to aid the growth of the refrigerated transport market of APAC. Furthermore, rising governmental investment in Asian countries on improving the logistic & transportation industry, coupled with enlargement of frozen food consuming population of the region, and rising disposable income are expected to contribute greatly in the growth of the market in APAC. Rising adoption of e-commerce by the food industry in APAC is expected to influence the refrigerated transport market positively.


Key Industry Developments



  • In May 2018, Dearman Ltd. Launched Dearman Hubbard Zero emission TRU in collaboration with Unilever. For a period of six months, a Dearman Hubbard transport refrigeration unit was taken into account by Unilever for the delivery of frozen products in Netherlands.

  • In April 2017, Swift Transportation Company and Knight Transportation Inc., two largest trucking companies, announced their merger and became Knight Swift Transportation Holdings.


Refrigerated Transport Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Clasen-Quality-Chocolate
mitsui-logo
lafabril-logo-medium

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X