Refrigerated Transport Market
Global Refrigerated Transport Market Size, Share & Trends Analysis Report by Mode of Transportation (Road, Sea, Rail, and Air), and By Application (Food & Beverages, Chemical, Pharmaceutical and Others), and Forecast 2020-2026 Update Available - Forecast 2024-2030
The global refrigerated transport market is predicted to grow at a significant CAGR during the forecast period. The principle of the refrigerated preservation of the product is to reduce and maintain the temperature of the products to control, reduce, or stop the rate of deterioration and damaging of the product. The deterioration might occur due to physical and biochemical changes, due to microbiological parameters and also due to physiological such as ripening, senescence, and respiration. The effective refrigeration process reduces the effect of these changes; preserve the product with a long shelf-life, does not react with the oxygen and other air particles and maintain the quality.
Further, the rising trends of the personal care products is also enhancing the market growth, as personal care industry also relies on the refrigerated transport for the transfer of critical chemical-based products. Thus, this is likely to enhance the adoption and in turn, contribute to the market growth during the forecast period. However, some government guidelines and regulations may challenge the market growth.
Segmental Outlook
The refrigerated transport market is segmented on the basis of mode of transportation, and applications. Based on the mode of transportation, the market has been segmented into road, sea, rail, and air. Road transport refrigeration systems are essential to function consistently in much harsher surroundings than stationary refrigeration systems. Whereas, based on the applications, the market is sectioned into food & beverages, chemical, pharmaceutical and others.
Global Refrigerated Transport Market, by Product Type 2019 (%)
Food & Beverage Segment to Hold Significant Market Share
Amongst the application segment of the market, the food & beverage segment is likely to hold the most significant share in the market. The segmental growth of the market is attributed to the increased demand for preservation of food and prevent it from deteriorating. Food transport refrigeration is a vital link in the food chain in terms of preserving the temperature of perishable products as well as its influence on energy consumption and CO2 emissions. Further, food manufacturers also offering frozen and canned food options that ensure longer shelf life. Fast-paced lifestyles have led to the shift of consumer preference for home delivery services, as it significantly saves time and the need for other resources. These factors are anticipated to create scope for the food & beverage manufacturers as well as refrigerated transport industry during the forecast period.
Regional Outlook
The global refrigerated transport market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America region is estimated to hold a significant share during the forecast period owing to the well-developed pharmaceutical sector in the country. The pharma products including drugs and specific medicines exported only in the particular temperature so that it does not react with other air particles. In addition, the chemical sector is also well established in the country, and the chemical industry in the region is also affected by trade tariffs. Chemical products, particularly basic chemicals which are higher up the supply chain, rely heavily on exports. Thus, this encourages the adoption of refrigerated transport and thereby, enhances the market growth during the forecast period.
Further, the Asia-Pacific region is projected to register a significant growth rate owing to the increased trade in the chemical industry coupled with the investment by the government regarding the improvement of the transportation infrastructure along with certain projects for the development of railways, highways, and airport constructions. Thus, all these factors together contribute to the growth of the market during the forecast period.
Market Players Outlook
Some of the prominent players functioning in the global refrigerated transport market include China International Marine Containers Co. Ltd., Daikin Industries Ltd., Klinge Corp., Hyundai Motor Co., Ingersoll-Rand Plc, Schmitz Cargobull AG, and United Technologies Corp. among others. These are the key companies adopting several organic and inorganic growth to strengthen their product portfolios and maintain a competitive position in the global refrigerated transport market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global refrigerated transport market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Refrigerated Transport Market by Mode of Transportation
5.1.1. Road
5.1.2. Sea
5.1.3. Rail
5.1.4. Air
5.2. Global Refrigerated Transport Market by Application
5.2.1. Food & Beverages
5.2.2. Chemical
5.2.3. Pharmaceutical
5.2.4. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AmeriCold Logistics LLC
7.2. A.N. Deringer, Inc.
7.3. Carrier Transicold Inc.
7.4. CaseStack
7.5. C.H. Robinson Worldwide, Inc.
7.6. China International Marine Containers Co. Ltd.
7.7. CMA CGM S.A.
7.8. Daikin Industries Ltd.
7.9. Evans Distribution Systems, Inc.
7.10. Hyundai Motor Co.
7.11. Ingersoll-Rand Plc
7.12. Klinge Corp.
7.13. Lamberet SAS
7.14. Maersk
7.15. Midwest Refrigerated Services, Inc.
7.16. MSC Mediterranean Shipping Co. S.A.
7.17. Schmitz Cargobull AG
7.18. Singamas Container Holdings Ltd.
7.19. Swift Transportation Co.
7.20. The Bernard Krone Holding GmbH & Co. KG
7.21. The Kraft Heinz Co.
7.22. Utility Trailer Manufacturing Co.
7.23. Wabash National Corp.
1. GLOBAL REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY MODE OF TRANSPORTATION, 2019-2026 ($ MILLION)
2. GLOBAL REFRIGERATED TRANSPORT VIA ROAD MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL REFRIGERATED TRANSPORT VIA SEA MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL REFRIGERATED TRANSPORT VIA RAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL REFRIGERATED TRANSPORT VIA AIR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
7. GLOBAL REFRIGERATED FOOD & BEVERAGES TRANSPORT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL REFRIGERATED CHEMICAL TRANSPORT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL REFRIGERATED PHARMACEUTICAL TRANSPORT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL REFRIGERATED TRANSPORT FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
12. NORTH AMERICAN REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
13. NORTH AMERICAN REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY MODE OF TRANSPORTATION, 2019-2026 ($ MILLION)
14. NORTH AMERICAN REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY APPLICATION,2019-2026 ($ MILLION)
15. EUROPEAN REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
16. EUROPEAN REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY MODE OF TRANSPORTATION, 2019-2026 ($ MILLION)
17. EUROPEAN REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
18. ASIA-PACIFIC REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. ASIA-PACIFIC REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY MODE OF TRANSPORTATION, 2019-2026 ($ MILLION)
20. ASIA-PACIFIC REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2019-2026 ($ MILLION)
21. REST OF THE WORLD REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY MODE OF TRANSPORTATION, 2019-2026 ($ MILLION)
22. REST OF THE WORLD REFRIGERATED TRANSPORT MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2019-2026 ($ MILLION)
1. GLOBAL REFRIGERATED TRANSPORT MARKET SHARE BY MODE OF TRANSPORTATION, 2019 VS 2026 (%)
2. GLOBAL REFRIGERATED TRANSPORT MARKET SHARE BY APPLICATIONS, 2019 VS 2026 (%)
3. GLOBAL REFRIGERATED TRANSPORT MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
6. UK REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD REFRIGERATED TRANSPORT MARKET SIZE, 2019-2026 ($ MILLION)
