Dublin, Dec. 11, 2024 (GLOBE NEWSWIRE) — The “Refrigerated Transport – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Refrigerated Transport was estimated at US$21.1 Billion in 2023 and is projected to reach US$31.9 Billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The report analyzes the Refrigerated Transport market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.
Segments
Temperature (Single-Temperature, Multi-Temperature); Mode of Transportation (LCV, MHCV, HCV); Application (Frozen Food Products, Chilled Food Products).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Global Refrigerated Transport Market – Key Trends & Drivers Summarized
The growth in the global refrigerated transport market is driven by rising demand for perishable goods, advancements in cold chain technology, and stricter regulatory requirements. As global consumer demand for fresh, high-quality food products continues to grow, the need for reliable refrigerated transport solutions is expanding. The increasing popularity of e-commerce, particularly in the grocery and meal delivery sectors, has intensified demand for cold chain logistics that can support last-mile deliveries and provide consumers with fresh and frozen foods directly to their homes. Rising awareness of food safety and waste reduction is also encouraging food producers and distributors to invest in refrigerated logistics, ensuring longer shelf life and minimal product loss.
Advancements in cold chain technology are another key driver, as modern refrigerated transport systems now feature energy-efficient cooling, real-time temperature monitoring, and GPS tracking. These innovations improve the efficiency, transparency, and reliability of refrigerated transport, reducing energy consumption and enhancing control over cold chain operations. Regulatory standards, especially in the pharmaceutical and food sectors, are pushing companies to adopt reliable temperature-controlled logistics to meet compliance and quality standards.
With the implementation of more stringent regulations worldwide, businesses must adhere to strict cold chain requirements, further increasing demand for refrigerated transport services. Together, these trends highlight the critical role of refrigerated transport in supporting the safe, efficient, and high-quality distribution of temperature-sensitive goods, positioning the market for continued growth as global trade, e-commerce, and health-focused consumer behavior evolve.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Single-Temperature Refrigerated Transport segment, which is expected to reach US$23.0 Billion by 2030 with a CAGR of a 6.5%. The Multi-Temperature Refrigerated Transport segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $5.5 Billion in 2023, and China, forecasted to grow at an impressive 9.8% CAGR to reach $7.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Refrigerated Transport Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Refrigerated Transport Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Refrigerated Transport Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Refrigerated Transport Market such as C. H. Robinson, Daikin Industries, DB Schenker, FedEx, General Mills and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 37 companies featured in this Global Refrigerated Transport Market report include:
- C. H. Robinson
- Daikin Industries
- DB Schenker
- FedEx
- General Mills
- Hyundai Motor Company
- Ingersoll Rand Inc.
- Krone Commercial Vehicle Group
- LAMBERET SAS
- Schmitz Cargobull
- Singamas Container
- United Technologies
- Utility Trailer Manufacturing Company
- Wabash National
Key Attributes
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $21.1 Billion |
| Forecasted Market Value (USD) by 2030 | $31.9 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Refrigerated Transport – Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024
MARKET TRENDS & DRIVERS
- Rising Demand for Perishable Goods Drives Growth in Refrigerated Transport for Food and Beverage Industry
- Increasing Consumer Preference for Fresh and Frozen Food Expands Market for Refrigerated Transport Solutions
- Growth in Pharmaceutical Industry Spurs Demand for Temperature-Controlled Transport of Medicines and Vaccines
- Expansion of E-Commerce and Online Grocery Markets Propels Demand for Last-Mile Refrigerated Transport
- Technological Advancements in Refrigeration Units Improve Efficiency and Sustainability in Cold Chain Logistics
- Rising Use of Electric and Hybrid Refrigerated Vehicles Reduces Emissions and Supports Market Growth
- Increasing Focus on Reducing Food Waste Drives Adoption of Reliable Refrigerated Transport Solutions
- Growth in Dairy and Meat Industries Expands Demand for Refrigerated Transport to Maintain Product Freshness
- Emergence of IoT and Telematics in Refrigerated Transport Enhances Real-Time Monitoring and Temperature Control
- Expansion of Cold Storage Facilities Boosts Need for Comprehensive Refrigerated Transport Solutions
- Rising Demand for International Trade of Perishable Goods Supports Growth in Refrigerated Container Shipping
- Increasing Adoption of Multi-Temperature Transport Solutions Expands Market for Versatile Refrigerated Vehicles
For more information about this report visit https://www.researchandmarkets.com/r/foyvbn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Refrigerated Transport Market
