Refrigerated Transport Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Refrigerated transportation is also known as reefer freight. Refrigerated transport is a means of conveyance of food products pharmaceuticals that require special, temperature controlled vehicles. The vehicle is used for refrigerated transportation has a built-in refrigeration system that keeps the products at a preferred temperature throughout the transportation process. The benefit of refrigerated transportation is that it keeps products from deteriorating and losing its value during the transportation process. It is not only used for food but also other sensitive items such as medical products and pharmaceuticals.

MARKET SCOPE

The "Global Refrigerated Transport Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the refrigerated transport market with detailed market segmentation by application, road transportation, technology, temperature, and geography. The report provides key statistics on the market status of the leading refrigerated transport market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on application, the global Refrigerated transport market market is segmented into chilled food products, frozen food products.
  
•   On the basis of road transport, the market is segmented into Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport.
  
•   On the basis of technology, the market is segmented into vapor compression systems, air-blown, evaporators, eutetic device.
  
•   On the basis of temperature, the market is segmented into single temperature, and multi-temperature.
  

MARKET DYNAMICS
Drivers

•   Increasing demand for frozen perishable commodities
  
•   Increase in the use of advanced cold rooms is also projected to influence the refrigerated transport market significantly.
  

Restraints

•   Climatic changes affecting transporting infrastructure may create hindrances in the growth of the market in the forecast period
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The refrigerated transport market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the refrigerated transport market in these regions.

IMPACT OF COVID-19 ON REFRIGERATED TRANSPORT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Refrigerated Transport Market Report Analysis

Refrigerated Transport Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• China International Marine Containers (Group) Ltd.
• DAIKIN INDUSTRIES, Ltd.
• Ingersoll Rand
• LAMBERET SAS
• VEHICLE WORKS BERNARD KRONE GMBH & CO. KG
• Schmitz Cargobull
• Singamas Container Holdings Limited
• Hyundai Motor Company
• United Technologies Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Application

• Chilled Food Products
• Frozen Food Products

By Road Transportation

• Refrigerated Road Transport
• Refrigerated Sea Transport
• Refrigerated Rail Transport
• Refrigerated Air Transport

By Technology

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

By Temperature

• Single-Temperature
• Multi-Temperature

MARKET PLAYERS

The report covers key developments in the refrigerated transport market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Refrigerated transport market market are anticipated to lucrative growth opportunities in the future with the rising demand for refrigerated transport market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the refrigerated transport market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   China International Marine Containers Co., Ltd
  
•   Daikin Industries, Ltd.
  
•   Ingersoll-Rand Inc.
  
•   LAMBERET SAS
  
•   Schmitz Cargobull AG
  
•   Singamas Container Holdings Ltd
  
•   The Hyundai Motor Company
  
•   United Technologies Corporation
  
•   Utility Trailer Manufacturing Company
  
•   VEHICLE WORKS BERNARD KRONE GMBH & CO. KG
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Refrigerated Transport Market Report Scope