The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global refrigerated transport market reached a value of US$ 16.11 Billion in 2020.
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 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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at