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Press Release:

Global Refrigerated Transport Market to Reach US$ 23,317 Million by 2027, Bolstered by Increasing Demand for Perishable Products

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Refrigerated Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global refrigerated transport market reached a value of US$ 16.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2027, exhibiting at a CAGR of 5.51% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Refrigerated transport refers to the temperature-controlled freight shipping vehicles, such as refrigerated trucks and shipping containers. These vehicles are equipped with a built-in cooling system that maintains the desired temperature throughout the transportation process. They are commonly used for transporting products such as fruits, meat, seafood, and dairy, along with non-food products such as pharmaceuticals and flowers. These vehicles aid in maximizing the shelf life of the product, while ensuring year-round availability of seasonal products.

The growing food and beverage industry represent as one of the key factors driving the growth of the market. This, along with the growth of the cold chain industry across the globe, is further contributing to the market growth. Furthermore, owing to the growing health-consciousness among consumers, the demand for frozen variants of various fresh products has increased, along with the growing demand for the service from residential as well as foodservice operators, such as quick-service restaurants (QSRs), hotels and other eateries. Since the food products and raw materials require controlled temperatures during transportation for storage and prevention of spoilage, refrigerated transport has become integral to the distribution process. Additionally, the manufacturing of temperature-sensitive pharmaceutical drugs and expanding trade opportunities across the globe, are also providing a thrust to the market growth. Other factors, such as the implementation of favorable government policies and regulations regarding the production, processing, transportation and quality of products, along with the increasing adoption of marine transport vehicles, owing to their cost-effectiveness, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global refrigerated transport market, along with forecasts at the global, regional and country level from 2022-2027. 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
     

Breakup by Technology:

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

Breakup by Temperature:

  • Single-Temperature
  • Multi-Temperature
     

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
     

Breakup by Region:

  • 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
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being C. H. Robinson, Daikin Industries, FedEx, DB Schenker, General Mills, Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies, Utility Trailer Manufacturing Company, Schmitz Cargobull, Singamas Container, Wabash National, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Mode of Transportation, Technology, Temperature, Application, Region
Region 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, Daikin Industries, FedEx, DB Schenker, General Mills, Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies, Utility Trailer Manufacturing Company, Schmitz Cargobull, Singamas Container and Wabash National
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Refrigerated Transport Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Mode of Transportation
    6.1    Refrigerated Road Transport
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Refrigerated Sea Transport
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Refrigerated Rail Transport
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Refrigerated Air Transport
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Technology
    7.1    Vapor Compression Systems
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Air-Blown Evaporators
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Eutectic Devices
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Cryogenic Systems
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Temperature
    8.1    Single-Temperature
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Multi-Temperature
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Application
    9.1    Chilled Food Products
        9.1.1 Market Trends
        9.1.2 Major Types
              9.1.2.1 Dairy Products
              9.1.2.2 Bakery and Confectionery Products
              9.1.2.3 Fresh Fruits and Vegetables
              9.1.2.4 Others
        9.1.3 Market Forecast
    9.2    Frozen Food Products
        9.2.1 Market Trends
        9.2.2 Major Types
              9.2.2.1 Frozen Dairy Products
              9.2.2.2 Processed Meat Products
              9.2.3.3 Fish and Seafood Products
              9.2.4.4 Others
        9.2.3 Market Forecast
    9.3    Others
        9.3.1 Market Trends
        9.3.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Europe
        10.2.1 Germany
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 France
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 United Kingdom
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 Italy
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Spain
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Russia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Asia Pacific
        10.3.1 China
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 Japan
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 India
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 South Korea
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Australia
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Indonesia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Argentina
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
        10.4.4 Colombia
           10.4.4.1 Market Trends
           10.4.4.2 Market Forecast
        10.4.5 Chile
           10.4.5.1 Market Trends
           10.4.5.2 Market Forecast
        10.4.6 Peru
           10.4.6.1 Market Trends
           10.4.6.2 Market Forecast
        10.4.7 Others
           10.4.7.1 Market Trends
           10.4.7.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Turkey
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Saudi Arabia
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Iran
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
        10.5.4 United Arab Emirates
           10.5.4.1 Market Trends
           10.5.4.2 Market Forecast
        10.5.5 Others
           10.5.5.1 Market Trends
           10.5.5.2 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    C. H. Robinson
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Daikin Industries
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    FedEx
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    DB Schenker
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    General Mills
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis 
        14.3.6    Hyundai Motor Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis 
        14.3.7    Ingersoll Rand Inc
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Krone Commercial Vehicle Group
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    lamberet sas
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials
        14.3.10    United Technologies
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials
        14.3.11    Utility Trailer Manufacturing Company
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Schmitz Cargobull 
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
        14.3.13    Singamas Container 
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
           14.3.13.3 Financials
        14.3.14    Wabash National
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio 

List of Figures

Figure 1: Global: Refrigerated Transport Market: Major Drivers and Challenges
Figure 2: Global: Refrigerated Transport Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Refrigerated Transport Market: Breakup by Mode of Transportation (in %), 2021
Figure 4: Global: Refrigerated Transport Market: Breakup by Technology (in %), 2021
Figure 5: Global: Refrigerated Transport Market: Breakup by Temperature (in %), 2021
Figure 6: Global: Refrigerated Transport Market: Breakup by Application (in %), 2021
Figure 7: Global: Refrigerated Transport Market: Breakup by Region (in %), 2021
Figure 8: Global: Refrigerated Transport Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Refrigerated Transport (Refrigerated Road Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Refrigerated Transport (Refrigerated Road Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Refrigerated Transport (Refrigerated Sea Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Refrigerated Transport (Refrigerated Sea Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Refrigerated Transport (Refrigerated Rail Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Refrigerated Transport (Refrigerated Rail Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Refrigerated Transport (Refrigerated Air Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Refrigerated Transport (Refrigerated Air Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Refrigerated Transport (Vapor Compression Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Refrigerated Transport (Vapor Compression Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Refrigerated Transport (Air-Blown Evaporators) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Refrigerated Transport (Air-Blown Evaporators) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Refrigerated Transport (Eutectic Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Refrigerated Transport (Eutectic Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Refrigerated Transport (Cryogenic Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Refrigerated Transport (Cryogenic Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Refrigerated Transport (Single-Temperature) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Refrigerated Transport (Single-Temperature) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Refrigerated Transport (Multi-Temperature) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Refrigerated Transport (Multi-Temperature) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Refrigerated Transport (Chilled Food Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Refrigerated Transport (Chilled Food Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Refrigerated Transport (Frozen Food Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Refrigerated Transport (Frozen Food Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Refrigerated Transport (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Refrigerated Transport (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Germany: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Germany: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: France: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: France: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United Kingdom: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United Kingdom: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Italy: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Italy: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Spain: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Spain: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Russia: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Russia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Asia Pacific: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Asia Pacific: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: China: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: China: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Japan: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Japan: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: India: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: India: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: South Korea: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: South Korea: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Australia: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Australia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Indonesia: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Indonesia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Argentina: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Argentina: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Colombia: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Colombia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Chile: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Chile: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Peru: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Peru: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Turkey: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Turkey: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Saudi Arabia: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Saudi Arabia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Iran: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Iran: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: United Arab Emirates: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 98: United Arab Emirates: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 99: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2016 & 2021
Figure 100: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 101: Global: Refrigerated Transport Industry: SWOT Analysis
Figure 102: Global: Refrigerated Transport Industry: Value Chain Analysis
Figure 103: Global: Refrigerated Transport Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Refrigerated Transport Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Refrigerated Transport Market Forecast: Breakup by Mode of Transportation (in Million US$), 2022-2027
Table 3: Global: Refrigerated Transport Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Refrigerated Transport Market Forecast: Breakup by Temperature (in Million US$), 2022-2027
Table 5: Global: Refrigerated Transport Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Refrigerated Transport Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Refrigerated Transport Market: Competitive Structure
Table 8: Global: Refrigerated Transport Market: Key Players  

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Key Questions Answered in This Report

The global refrigerated transport market reached a value of US$ 16.8 Billion in 2021.

Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across several nations resulting in the ban of numerous cross-border trade activities and disrupted food supply chains. Although, refrigerated transport solutions are increasingly being adopted in the pharmaceutical sector for preservation and transportation of potential drugs and chemicals for treating coronavirus infection.

According to the estimates by IMARC Group, the global refrigerated transport market is expected to exhibit a CAGR of 5.51% during the forecast period (2022-2027).

The increasing consumption of frozen food products due to sedentary consumer lifestyles and their hectic work schedules, represents one of the key drivers for the global refrigerated transport market.

The introduction of efficient modes of cold chain logistics and continuous improvements in the refrigeration technology are some of the key trends in the global refrigerated transport market.

On the basis of the transportation, the market has been classified into refrigerated road, sea, rail and air transport. Amongst these, refrigerated road transport accounts for the majority of the market share.

On the basis of the technology, the market has been categorized into vapor compression systems, air-blown evaporators, eutectic devices, and cryogenic systems. At present, air-blown evaporators hold the largest market share.

On the basis of the temperature, the market has been bifurcated into single and multi-temperature. At present, single temperature-based refrigerated transport is mostly preferred by consumers across the globe.

On the basis of the application, the market has been categorized chilled food products, and frozen food products, where chilled food products currently represent the largest application segment.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

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