The global refrigerated transport market is currently witnessing strong growth. 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. Looking forward, IMARC Group expects the market to expand at a CAGR of around 6% during 2020-2025.
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
- Columbia
- 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.
Key Questions Answered in This Report:
The global refrigerated transport market was worth around US$ 15.1 Billion in 2019.
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 will exhibit moderate growth during the next five years.
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, vapor compression systems 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.
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 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 Major Types
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 Columbia
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
10.5.6 Others
10.5.6.1 Market Trends
10.5.6.2 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$), 2014-2019
Figure 3: Global: Refrigerated Transport Market: Breakup by Mode of Transportation (in %), 2019
Figure 4: Global: Refrigerated Transport Market: Breakup by Technology (in %), 2019
Figure 5: Global: Refrigerated Transport Market: Breakup by Temperature (in %), 2019
Figure 6: Global: Refrigerated Transport Market: Breakup by Application (in %), 2019
Figure 7: Global: Refrigerated Transport Market: Breakup by Region (in %), 2019
Figure 8: Global: Refrigerated Transport Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Refrigerated Transport (Refrigerated Road Transport) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Refrigerated Transport (Refrigerated Road Transport) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Refrigerated Transport (Refrigerated Sea Transport) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Refrigerated Transport (Refrigerated Sea Transport) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Refrigerated Transport (Refrigerated Rail Transport) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Refrigerated Transport (Refrigerated Rail Transport) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Refrigerated Transport (Refrigerated Air Transport) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Refrigerated Transport (Refrigerated Air Transport) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Refrigerated Transport (Vapor Compression Systems) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Refrigerated Transport (Vapor Compression Systems) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Refrigerated Transport (Air-Blown Evaporators) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Refrigerated Transport (Air-Blown Evaporators) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Refrigerated Transport (Eutectic Devices) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Refrigerated Transport (Eutectic Devices) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Refrigerated Transport (Cryogenic Systems) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Refrigerated Transport (Cryogenic Systems) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Refrigerated Transport (Single-Temperature) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Refrigerated Transport (Single-Temperature) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Refrigerated Transport (Multi-Temperature) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Refrigerated Transport (Multi-Temperature) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Refrigerated Transport (Chilled Food Products) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Refrigerated Transport (Chilled Food Products) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Refrigerated Transport (Frozen Food Products) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Refrigerated Transport (Frozen Food Products) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Refrigerated Transport (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Refrigerated Transport (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: North America: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: North America: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: United States: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: United States: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Canada: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Canada: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Europe: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Europe: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Germany: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Germany: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: France: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: France: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: United Kingdom: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: United Kingdom: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Italy: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Italy: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Spain: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Spain: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Russia: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Russia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Asia Pacific: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Asia Pacific: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: China: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: China: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Japan: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Japan: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: India: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: India: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: South Korea: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: South Korea: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Australia: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Australia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Indonesia: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Indonesia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Latin America: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Latin America: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Brazil: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Brazil: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Mexico: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Mexico: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Argentina: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Argentina: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Columbia: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Columbia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Chile: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Chile: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Peru: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Peru: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Middle East and Africa: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Middle East and Africa: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Turkey: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Turkey: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Saudi Arabia: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 94: Saudi Arabia: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 95: Iran: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 96: Iran: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 97: United Arab Emirates: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 98: United Arab Emirates: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 99: Others: Refrigerated Transport Market: Sales Value (in Million US$), 2014 & 2019
Figure 100: Others: Refrigerated Transport Market Forecast: Sales Value (in Million US$), 2020-2025
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, 2019 and 2025
Table 2: Global: Refrigerated Transport Market Forecast: Breakup by Mode of Transportation (in Million US$), 2020-2025
Table 3: Global: Refrigerated Transport Market Forecast: Breakup by Technology (in Million US$), 2020-2025
Table 4: Global: Refrigerated Transport Market Forecast: Breakup by Temperature (in Million US$), 2020-2025
Table 5: Global: Refrigerated Transport Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Refrigerated Transport Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Refrigerated Transport Market: Competitive Structure
Table 8: Global: Refrigerated Transport Market: Key Players