Global Refrigerated Transport Market Size, Share, Growth, Trend & Forecast 2027

Global refrigerated transport market is expected to grow at a steady CAGR during the forecast period. The global refrigerated transport market is driven by growing demand for temperature-controlled food, worldwide. Continuous improvements in terms of refrigerated systems technology is expected to bolster the growth of market over the next few years. Additionally, on account of certain benefit it offers including transport of fresh products, protection from spoilage, and weather conditions, is further driving the market growth through 2027.

The global refrigerated transport market is segmented based on mode, product type, technology, temperature, and region. Based on mode, the market can be categorized into road, sea, rail and air. The road segment is anticipated to dominate the global refrigerated transport market during the forecast period. The road segment is further categorized into refrigerated LCV, refrigerated MHCV and refrigerated HCV. Out of which, the refrigerated LCV segment is projected to lead the market in the years to come which can be attributed to high demand for home delivery services and developments in the foodservice industry and food processing sector. Additionally, increase in delivery of dairy products and pharmaceuticals by vans for short-distance transportation, is further aiding the segmental growth over the coming years.

The major players operating in the refrigerated transport market are Nestle Tyson Foods, Inc., Kerry Group, Del Monte Pacific Ltd, United Technologies Corporation, Daikin Industries, Ingersoll Rand Inc., The Kraft Heinz Company, General Mills Inc., Smithfield Foods., Kellogg Co. and others.

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Objective of the Study:

  • To analyze and estimate the market size of global refrigerated transport market from 2017 to 2020.
  • To estimate and forecast the market size of global refrigerated transport market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast global refrigerated transport market based on mode, product type, technology, temperature, company and regional distribution.
  • To identify dominant region or segment in the global refrigerated transport market.
  • To identify drivers and challenges for global refrigerated transport market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global refrigerated transport market.
  • To conduct pricing analysis for global refrigerated transport market.
  • To identify and analyze the profile of leading players operating in global refrigerated transport market.
  • To identify key sustainable strategies adopted by market players in global refrigerated transport market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global refrigerated transport market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Refrigerated transport manufacturers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to refrigerated transport

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Mode

·         Product Type

·         Technology

·         Temperature

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia;

Key companies profiled

Nestle Tyson Foods, Inc., Kerry Group, Del Monte Pacific Ltd, United Technologies Corporation, Daikin Industries, Ingersoll Rand Inc., The Kraft Heinz Company, General Mills Inc., Smithfield Foods., Kellogg Co.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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