Global Refrigerated Transport Market, By Application (Chilled, Frozen), Mode of Transportation (Road, Sea, Air, Rail), Technology (Evaporators, Eutetic Devices), Temperature (Single Temperature, Multi Temperature) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Refrigerated Transport Market
The Global Refrigerated Transport Market is expected to reach USD 20.80 billion by 2025, from USD 13.87 billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Refrigerated Transport Market
Refrigerated transport is one key links for the cold chain distribution system for edible items and food commodities. The growth for this market is supported by innovative technologies in food processing and increasing trade globally. Perishable food products can be transported without getting soiled by keeping them at low temperatures. The refrigerated transportation industry is booming rapidly in the US with regulations from FDA’s Food Safety Modernization Act (FSMA) favouring cold and refrigerated transport.
In 2017 food industry saw sale of about USD 500 million from cold meat and vegetables alone. Recent developments have seen much growth for refrigerated foods with stringent regulations regarding production, processing and quality of packaged foods. Bakery and confectionary along with refrigerated meat sections have seen increase in the demands due to change in the life style of people. The growing Asia Pacific economy attracts the future of this market with its growing economy and drivers.
- Integration of transport systems and multi temperature systems.
- Increase in demand of cold stored and frozen edible items.
- Increasing pace of international trade.
- Recent rise in crude prices and hence increased fuel costs.
- Lack of adequate infrastructure supporting cold storage.
Segmentation: Global Refrigerated Transport Market
By Mode of transportation
- Eutetic Devices
- Single Temperature
- Multi Temperature
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Competitive Landscape: Global Refrigerated Transport Market
The global refrigerated transport market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of refrigerated transport market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In August 2018, CSC Brand LP shifted their focus to packaged based soup products, enabling new horizons in refrigerated foods and its subsequent transportation. The firm has also acquired Snyder’s- Lance to expand its territories in the market.
Key Market Competitors: Global Refrigerated Transport Market
The key players operating in the global refrigerated transport market are –
- DAIKIN INDUSTRIES, Ltd.
- UNITED TECHNOLOGIES
- Ingersoll- Rand plc
- Singamas Container Holdings Ltd.
- Lamberet SAS
The other players in the market are China International Marine Containers (Group) Ltd., Utility Trailer Manufacturing Company, HYUNDAI Merchant Marine CO. LTD., Schmitz Cargobull AG, Krone, Nestle SA, Tyson Foods Inc., The Kraft Heinz Company, Smithfield Foods Inc., Kellogg Co., Conagra Brands Inc., Aryzta AG, Wabash National Corporation, General Mills Inc., Del Monte Food Inc., C.H. Robinson Worldwide Inc., The Maersk Group, Bay and Bay Transfer Co. Inc., Hunt Transportation , and Opus9 among others.
Research Methodology: Global Refrigerated Transport Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global refrigerated transport market.
- Analyse and forecast refrigerated transport market on the basis of application, mode of transport, technology and temperature.
- Trends of key regional and country-level markets for application, mode of transport, technology and temperature.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.