Refrigerated Transport Market Report by Mode of Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport), Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices, Cryogenic Systems), Temperature (Single-Temperature, Multi-Temperature), Application (Chilled Food Products, Frozen Food Products, and Others), and Region 2025-2033

Refrigerated Transport Market Report by Mode of Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport), Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices, Cryogenic Systems), Temperature (Single-Temperature, Multi-Temperature), Application (Chilled Food Products, Frozen Food Products, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112024A1861
Year End sale Buy Now

Market Overview:

The global refrigerated transport market size reached USD 19.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.54% during 2025-2033. The increasing need for more advanced, reliable, and eco-friendly refrigeration technologies, the rising demand for organic produce, hormone-free meat, and other specialty foods, and the liberalization of trade policies are some of the major factors propelling the market.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 19.6 Billion
Market Forecast in 2033
USD 29.3 Billion
Market Growth Rate 2025-2033 4.54%

Refrigerated Transport Market Analysis

  • Market Growth and Size: The global refrigerated transport market is witnessing significant growth, driven by the expanding food and beverage industry, rising demand for fresh and processed foods, and the increasing requirement for transporting temperature-sensitive pharmaceuticals. This growth is supported by technological advancements in refrigeration, the expanding e-commerce sector, and heightened consumer expectations for fresh, high-quality products.
  • Major Market Drivers: Key drivers include the need for stringent regulatory compliance and high-quality standards, the rise in pharmaceutical and healthcare requirements, and technological innovations in refrigerated systems. These factors are crucial for ensuring the safe transport of perishable goods, adhering to food safety regulations, and accommodating the growing demand for temperature-sensitive healthcare products.
  • Key Market Trends: There's a noticeable trend towards adopting advanced technologies for real-time temperature monitoring, GPS tracking, and the integration of smart, eco-friendly refrigeration units. The industry is also seeing a shift towards more sustainable practices, with electric and solar-powered refrigeration units gaining popularity to reduce environmental impact.
  • Geographical Trends: The Asia Pacific region dominates the refrigerated transport market, with significant growth due to rapid urbanization, increasing disposable incomes, and the rising demand for perishable goods. North America and Europe also represent key markets, focusing on advanced technological integration and stringent regulatory standards.
  • Competitive Landscape: The market is competitive, with key players focusing on integrating advanced refrigeration technologies, enhancing efficiency, and adopting sustainable practices. Companies are increasingly investing in smart technologies for real-time monitoring and are forming strategic partnerships to enhance service reliability and expand their market presence.
  • Challenges and Opportunities: The sector faces challenges such as maintaining compliance with stringent regulatory standards and managing the complexities of global supply chains. However, opportunities arise from the growing demand for specialized refrigerated transport solutions, the expansion of the global food and pharmaceutical sectors, and the potential for technological innovations to enhance efficiency and sustainability in the cold chain.

Refrigerated transport is a specialized form of shipping that involves the use of temperature-controlled vehicles to safely move perishable goods. It is equipped with advanced cooling systems that allow for the precise regulation of internal temperatures, ensuring that the products being shipped remain fresh and safe for consumption. Commonly transported items include food such as fruits, vegetables, meat, and dairy, as well as pharmaceutical products like vaccines that require specific temperature ranges for preservation. The use of refrigerated transport has revolutionized the supply chain, enabling suppliers to deliver high-quality, perishable goods across long distances without the risk of spoilage. This mode of transportation plays a crucial role in today’s global economy, supporting industries from grocery retail to healthcare. Effective refrigerated transport is essential for meeting consumer demands for fresh, high-quality products while adhering to safety regulations and reducing waste.

The significant growth in the food and beverage industry majorly drives the global market. This can be supported by the rising population numbers, increased per capita income, and a greater demand for fresh and processed foods. Refrigerated transport has become vital in facilitating this global exchange, adhering to stringent safety regulations and quality standards. Therefore, the expansion of the global food and beverage industry serves as a significant driver for the refrigerated transport sector, pressing the need for more advanced, reliable, and eco-friendly refrigeration technologies. In addition, the growing trend in e-commerce requires a parallel increase in specialized logistics and refrigerated transport services to ensure these goods arrive at customers' doorsteps in excellent condition. As online retail continues to flourish, the demand for reliable and efficient refrigerated transport solutions is accelerating. Apart from this, the escalating demand for organic produce, hormone-free meat, and other specialty foods that require stringent quality controls is contributing to the market. Moreover, the liberalization of trade policies and the formation of economic unions have facilitated smoother cross-border movement of goods, including perishables, creating a positive market outlook.

Refrigerated Transport Market Trends/Drivers:

Increasing Regulatory Compliance and Quality Standards

The rise in consumer consciousness of the food safety and quality issues more intensifies the need for a compliance system in transporting perishable items. Authorities at various levels are required to create tight legislation on temperature sensitive goods such as pharmaceuticals and food products as they are transported, stored, and handled. This condition has resulted in an increase in demand for refrigerated services that upon high requirements. As a result, the industry implements a number of technologies including real-time temperature monitoring, GPS tracking, and data analytics to ensure compliance and minimize risks caused by spoilage and contamination. Adherence to these regulatory requirements safeguards against loss due to spoilage and is an indication of credibility and brand equity with consumers and stakeholders.

Rise in Pharmaceutical and Healthcare Needs

The pharmaceutical and healthcare sectors are also the factor behind the electricity growth of the industry of refrigerated transport. The global aging population and the rise of chronic diseases are some of the main contributors to the raising demand for temperature- controlled products, including vaccines, biologics, and insulins. The coronavirus pandemic explains need for dependable temperature-control transport to allow the quick delivery of vaccines and other medical goods. The allocation of these essential medicines includes hospitals, pharmacies, and the healthcare centers, thus it is mandatory for the transportation services to keep exact temperature controls on time and safety. Another force behind the prevailing bullish development in the healthcare and pharmaceutical industry is this consequently, the necessity to provide such solutions becomes even more evident.

Technological Advancements in Refrigeration Systems

Due to advanced technologies which are rapidly emerging, the refrigerated transport business is now reaching greater heights. Development of electric-powered and solar-powered refrigerators not only cause less waste of energy but also less pollutant into the environment compared to the contraptions which use diesel as the source of fuel. Moreover, the application of smart technologies allows you to monitor temperature, humidity, as well as the location of the vehicle in real time, which means that the prime conditions will be observed when transporting the goods. These achievements greatly help diminish the possibility of perishing, contaminating, or failing to achieve an acceptable standard. Automation and predictive analytics play a critical role in reducing input costs due to efficient operations such as predictive maintenance, route optimization.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global refrigerated transport market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on mode of transportation, technology, temperature and application.

Breakup by Mode of Transportation:

  • Refrigerated Road Transport
  • Refrigerated Sea Transport
  • Refrigerated Rail Transport
  • Refrigerated Air Transport
     

Refrigerated road transport dominates the market

The report has provided a detailed breakup and analysis of the market based on the mode of transportation. This includes refrigerated road transport, refrigerated sea transport, refrigerated rail transport, and refrigerated air transport. According to the report, refrigerated road transport represented the largest segment.

The refrigerated mobile market is growing exponentially, driven by the rise of e-commerce channel. As more consumers order perishables online, reliable road transport makes it easier to get them to the last miles. Rapid urbanization and lifestyle changes contribute to the demand for convenience foods such as frozen products and prepared foods, which often require refrigerated transportation to urban and suburban markets on in order to reach urban and suburban markets. Compliance is another important factor as high food safety standards require advanced temperature-controlled vehicles to meet quality and safety standards. Additionally, consumer awareness has increased the demand for high-quality, specialized foods that must be transported at specific temperatures to maintain quality. Moreover, advancements in cooling technologies such as system delivery real-time monitoring has made road transport more efficient and reliable.

Breakup by Technology:

  • Vapor Compression Systems
  • Air-Blown Evaporators
  • Eutectic Devices
  • Cryogenic Systems
     

Air-blown evaporators hold the largest share in the market

A detailed breakup and analysis of the market based on the technology has also been provided in the report. These include vapor compression systems, air-blown evaporators, eutectic devices, and cryogenic systems. According to the report, air-blown evaporators accounted for the largest market share.

The adoption of air-blown evaporators technology in the refrigerated transport industry is being propelled by the growing need for rapid and efficient cooling systems capable of maintaining precise temperature control, especially for perishable goods, including pharmaceuticals and specialty foods.

The use of air-blown evaporators technology in the refrigerated transport industry stems from the growing need for fast and efficient refrigeration systems that are capable of accurate temperature control, especially for chemical perishables and specialty foods. Furthermore, air-blown evaporators offer improved cooling speed and heating uniformity compared to traditional systems, meeting stringent regulatory requirements for quality and safety. Furthermore, technological advances in this area are providing energy-efficient and environmentally friendly solutions, in line with corporate efforts to reduce carbon footprints. Additionally, the increasing international trade in perishables, requires advanced cooling systems that can maintain optimal conditions over long distances, to accommodate air-conditioning equipment atom again. The technology, along with real-time monitoring systems, also enables better compliance and traceability, ensuring that products are delivered under optimal conditions. As a result, air conditioners are becoming the preferred technology in the refrigerated transport industry.

Breakup by Temperature:

  • Single-Temperature
  • Multi-Temperature
     

Single-temperature dominates the market

The report has provided a detailed breakup and analysis of the market based on the temperature. This includes single-temperature and multi-temperature. According to the report, single-temperature represented the largest segment.

In the refrigerated transportation industry, single temperature technology continues to evolve due to the demand for uniform delivery of various products, such as frozen foods or pharmaceuticals that need to be at a single temperature. This has led to increased adoption of single temperature technology systems. Additionally, they offer ease of use and efficiency, resulting in lower costs for specific corrosive industries. Besides, strict regulatory guidelines encourage the use of specialized delivery systems that can maintain a constant temperature throughout the journey, providing compliance with uniform temperature. While developments in specific industries, such as the frozen food market and specialty chemicals that require constant temperatures to homogenize the products, have increased the importance of this technology, developments in insulation and energy-efficient cooling systems have greatly improved the single-temperature transport of refrigerators and are more environmentally friendly.

Breakup by Application:

  • 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
     

Chilled food products holds the largest share in the market

A detailed breakup and analysis of the market based on the application has also been provided in the report. These include chilled food products (dairy products, bakery and confectionery products, fresh fruits and vegetables, and others), frozen food products (frozen dairy products, processed meat products, fish and seafood products, and others), and others. According to the report, chilled food products accounted for the largest market share.

The market for refrigerated transport in the chilled food products segment is expanding, fueled by the rising consumer demand for fresh and quality foods, such as fruits, vegetables, dairy, and ready-to-eat meals. As consumers become increasingly health-conscious and aware of food safety, the requirement for reliable, temperature-controlled transport solutions for chilled items gains prominence. Along with this, the growth of organized retail and e-commerce platforms has also elevated the demand for efficient refrigerated transport services, particularly for last-mile deliveries. Additionally, urbanization and changing lifestyle patterns contribute to the consumption of convenience foods that require chilled transportation to maintain their quality and freshness. Regulatory standards, enforcing strict guidelines on food safety and quality, further compel the industry to adopt specialized refrigerated transport solutions. Advances in technology, including real-time temperature monitoring, also add to the sector's robustness.

Breakup by Region:

Refrigerated Transport Market 

  • North America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others
       

Asia Pacific exhibits a clear dominance, accounting for the largest refrigerated transport market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and Others); and Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and Others). According to the report, Asia Pacific exhibits the largest segment.

The refrigerated transport industry in the Asia Pacific region is experiencing substantial growth, propelled by rapid urbanization and rising disposable incomes. This has led to increased consumer demand for perishable goods, such as fresh produce, dairy, and meat products, requiring efficient and reliable refrigerated transport. Along with this, the expansion of organized retail and the booming e-commerce sector further drive the need for specialized cold chain logistics, particularly for last-mile deliveries.

Additionally, Asia Pacific nations are becoming significant players in the global trade of perishable goods, necessitating robust refrigerated transport solutions for both domestic and international markets. Stringent food safety regulations are also coming into effect across various countries in the region, boosting the demand for compliant, temperature-controlled transportation services. Advances in refrigeration technology, coupled with increasing investment in infrastructure development, further fuel this market growth.

Competitive Landscape:

The global market is experiencing significant growth due to the introduction of various strategies and initiatives to meet the growing demands of transporting temperature-sensitive goods. These companies are focusing on improving efficiency, reducing environmental impact, and enhancing the overall reliability of their services. One prominent trend is the integration of advanced refrigeration technologies to ensure precise temperature control throughout the transportation process. In addition, companies are adopting innovative solutions such as smart sensors and data analytics to monitor and regulate temperature conditions in real-time. This enhances the quality and safety of transported goods, particularly perishable items like food and pharmaceuticals. Additionally, sustainability is a key concern for companies in this sector. Key players are investing in eco-friendly refrigerants and energy-efficient transportation methods to reduce their carbon footprint. Furthermore, collaborations and partnerships within the industry are on the rise. Companies are forming alliances with cold chain logistics providers, suppliers of refrigeration equipment, and technology companies to leverage each other's expertise and resources. These collaborations contribute to an improved and seamless refrigerated transportation experience for clients.

The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • C. H. Robinson Worldwide, Inc.
  • Daikin Industries Limited
  • FedEx Corporate Services, Inc.
  • DB Schenker AG
  • General Mills Inc.
  • Hyundai Motor Company
  • Ingersoll Rand Inc.
  • Krone Commercial Vehicle Group
  • LAMBERET SAS
  • United Technologies Corporation
  • Utility Trailer Manufacturing Company
  • Schmitz Cargobull AG
  • Singamas Container Holdings Limited
  • Wabash National Corporation

Recent Developments:

  • In January 2023, Daikin Industries Limited’s Daikin Active CA technology was tested statically by the Taiwan Floriculture Exports Association and Taiwan Agricultural Research Institute in order to export cut Oncidium flowers from Taiwan.
  • In February 2023, DB Schenker AG negotiated a deal with MSC Mediterranean Shipping Company to employ 12,000 tonnes of biofuel components for all of its consolidated cargo, less-than-container load (LCL), full-container load (FCL), and refrigerated containers (reefer containers).
  • In July 2020, Hyundai Motor Company transported its first 10 units of XCIENT Fuel Cell, the world’s first fuel cell heavy-duty truck to Switzerland. The 190-kW hydrogen fuel cell technology in the XCIENT Fuel Cell allows it to go 400 kilometres on a single charge.


Refrigerated Transport Market Report Scope:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Mode of Transportation
  • Technology
  • Temperature
  • Application
  • Region
Mode of Transportations Covered Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport
Technologies Covered Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices, Cryogenic Systems
Temperatures Covered Single-Temperature, Multi-Temperature
Applications Covered
  • 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
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies Covered C. H. Robinson Worldwide, Inc., Daikin Industries Limited, FedEx Corporate Services, Inc., DB Schenker AG, General Mills Inc., Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies Corporation, Utility Trailer Manufacturing Company, Schmitz Cargobull AG, Singamas Container Holdings Limited, Wabash National Corporation etc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the refrigerated transport market from 2019-2033.
  • The report provides the latest information on the market drivers, challenges, and opportunities in the global refrigerated transport market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the refrigerated transport industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global refrigerated transport market was valued at USD 19.6 Billion in 2024.

We expect the global refrigerated transport market to exhibit a CAGR of 4.54% during 2025-2033.

The rising adoption of refrigerated transport, as it offers appropriate temperature settings that help in preserving the quality of the products, even in harsh conditions, is primarily driving the global refrigerated transport market.

The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of refrigerated transport vehicles to deliver vaccines and temperature-sensitive pharmaceutical drugs against the coronavirus infection with increased safety.

Based on the mode of transportation, the global refrigerated transport market has been divided into refrigerated road transport, refrigerated sea transport, refrigerated rail transport, and refrigerated air transport Among these, refrigerated road transport currently exhibits a clear dominance in the market.

Based on the technology, the global refrigerated transport market can be categorized into vapor compression systems, air-blown evaporators, eutectic devices, and cryogenic systems. Currently, air-blown evaporators account for the majority of the global market share.

Based on the temperature, the global refrigerated transport market has been segregated into single-temperature and multi-temperature, where single-temperature currently exhibits a clear dominance in the market.

Based on the application, the global refrigerated transport market can be bifurcated into chilled food products, frozen food products, and others. Currently, chilled food products hold the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global refrigerated transport market include C. H. Robinson Worldwide, Inc., Daikin Industries Limited, FedEx Corporate Services, Inc., DB Schenker AG, General Mills Inc., Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies Corporation, Utility Trailer Manufacturing Company, Schmitz Cargobull AG, Singamas Container Holdings Limited, Wabash National Corporation, etc.

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Refrigerated Transport Market Report by Mode of Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport), Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices, Cryogenic Systems), Temperature (Single-Temperature, Multi-Temperature), Application (Chilled Food Products, Frozen Food Products, and Others), and Region 2025-2033
Purchase Options Year End sale




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