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Refrigerated Transport Market Size, Share, and Analysis, By Transport (Road, Sea, Air, and Rail), By Application (Chilled Food, Frozen Food, Pharmaceuticals, Chemicals, and Others), By Vehicles (Light Commercial Vehicles (LCVs), Medium-Heavy Commercial Vehicles (MHCVs), and Heavy Commercial Vehicles (HCVs)), By Temperature (Single-temperature and Multi-temperature), By Region (North America, Europe, Asia-Pacific, And Rest of the World), And Regional Forecast 2024-2034

September 2024 | 456 pages | ID: R0AD1874DD13EN
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Refrigerated Transport Market Size, Share, and Analysis, By Transport (Road, Sea, Air, and Rail), By Application (Chilled Food, Frozen Food, Pharmaceuticals, Chemicals, and Others), By Vehicles (Light Commercial Vehicles (LCVs), Medium-Heavy Commercial Vehicles (MHCVs), and Heavy Commercial Vehicles (HCVs)), By Temperature (Single-temperature and Multi-temperature), By Region (North America, Europe, Asia-Pacific, And Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Refrigerated Transport Market is anticipated t%li%grow at a CAGR of 6.3% in the forecast period (2024-2034), with the market size valued at USD 21.5 billion in 2023 and projected t%li%reach USD 42 billion by 2034.

Refrigerated transport is the method of transporting perishable goods, such as food items, pharmaceuticals, and chemicals, in temperature-controlled vehicles or containers. Its objective is t%li%maintain specific temperature conditions throughout the journey t%li%sustain the quality and integrity of the cargo. This mode of transport is essential for ensuring that temperature-sensitive products remain fresh and safe for consumption or use during long-distance or cross-border shipments. In addition, refrigerated transport depends on refrigeration systems t%li%regulate temperature and humidity levels within the transport vehicle or container, thereby preventing spoilage or degradation of the goods. Furthermore, by preserving the freshness and quality of perishable items, refrigerated transport simplifies global trade and distribution networks. It allows businesses t%li%efficiently deliver goods t%li%distant markets while adhering t%li%regulatory standards and meeting consumer expectations for product quality and safety.

MARKET HIGHLIGHTS

Refrigerated Transport Market is anticipated t%li%reach USD 42 billion, growing at a CAGR of 6.3% during the forecast period, which is attributed t%li%the increasing demand for perishable goods such as fresh produce, pharmaceuticals, and temperature-sensitive chemicals. The growth of the refrigerated transport market is driven by globalization and the expansion of international trade, which require efficient refrigerated transport solutions t%li%maintain product quality during transit. Moreover, technological improvements in refrigeration systems and vehicles have improved the efficiency and reliability of cold chain logistics. The strict regulations and quality standards instructed by governments and regulatory bodies have encouraged businesses t%li%invest in refrigerated transport services. Thus, the refrigerated transport market will witness sustained expansion due t%li%globalization, fresh innovations, and the demand for regulatory compliance in the market.

Refrigerated Transport Market Segments:
  • By Transport
  • Road
  • Sea
  • Air
  • Rail
  • By Application
  • Chilled Food
  • Frozen Food
  • Pharmaceuticals
  • Chemicals
  • Others
  • By Vehicles
  • Light commercial vehicles (LCVs)
  • Medium-heavy commercial vehicles (MHCVs)
  • Heavy commercial vehicles (HCVs)
  • By Temperature
  • Single-temperature
  • Multi-temperature
MARKET DYNAMICS

Growth Drivers

Expansion of the Food and Beverage Industry Will Support Development in the Market

Refrigerated Transportation Business is Benefiting from the Globalization of Supply Chains

Restraint

Higher Operational and Energy Expenses are Limiting the Expansion of the Refrigerated Transport Industry

Key Players
  • Google
  • Microsoft
  • Amazon Web Services (AWS)
  • Carrier Transicold
  • Daikin Industries Ltd.
  • Maersk Line
  • Singamas Container Holdings
  • Mitsubishi Heavy Industries
  • China International Marine Containers (CIMC)
  • Ingersoll Rand
  • MSC Mediterranean Shipping Company
  • Hyundai Motor Co.
    • Therm%li%King
  • GAH Refrigeration Ltd.
  • Schmitz Cargobull AG
  • Klinge Corporation
  • Hyundai Translead
  • Johnson Truck Bodies
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Refrigerated Transport Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Refrigerated Transport Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.REFRIGERATED TRANSPORT MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry ecosystem Channel Analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porter's Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.REFRIGERATED TRANSPORT MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. REFRIGERATED TRANSPORT MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1.By Transport
    11.3.1.1. Road
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Sea
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034
    11.3.1.3.Air
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Rail
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Application
    11.3.2.1.Chilled Food
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Pharmaceuticals
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Chemicals
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Others
      11.3.2.4.1.By Value (USD Million) 2024-2034F
      11.3.2.4.2. Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Vehicles
    11.3.3.1.Light commercial vehicles (LCVs)
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Medium-heavy commercial vehicles (MHCVs)
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Heavy commercial vehicles (MHCVs)
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By Temperature
    11.3.4.1.Single Temperature
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Multi-temperature
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA REFRIGERATED TRANSPORT MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Transport
  12.3.2. By Application
  12.3.3. By Vehicles
  12.3.4. By Temperature
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE REFRIGERATED TRANSPORT MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Transport
  13.3.2. By Application
  13.3.3. By Vehicles
  13.3.4. By Temperature
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC REFRIGERATED TRANSPORT MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Transport
  14.3.2. By Application
  14.3.3. By Vehicles
  14.3.4. By Temperature
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA REFRIGERATED TRANSPORT MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Transport
  15.3.2. By Application
  15.3.3. By Vehicles
  15.3.4. By Temperature
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA REFRIGERATED TRANSPORT MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Transport
  16.3.2. By Application
  16.3.3. By Vehicles
  16.3.4. By Temperature
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.Carrier Transicold
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2.Daikin Industries Ltd.
18.3.Maersk Line
18.4.Singamas Container Holdings
18.5.Mitsubishi Heavy Industries
18.6.China International Marine Containers (CIMC)
18.7.Ingersoll Rand
18.8.MSC Mediterranean Shipping Company
18.9.Hyundai Motor Co.
18.10.Thermo King
18.11. GAH Refrigeration Ltd.
18.12.Schmitz Cargobull AG
18.13.Klinge Corporation
18.14.Hyundai Translead
18.15.Johnson Truck Bodies
18.16.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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