Refrigerated Transport Market, By Transportation (Road (Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), and Medium & Heavy Commercial Vehicle (MHCV)), Rail, Sea, and Air), By Temperature (Multi Temperature and Single Temperature), By Application (Frozen and Chilled), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2030

Report Code: PMI98119 | Publish Date: April 2024 | No. of Pages: 168

Global Refrigerated Transport Market By Overview

Introduction:

Refrigerated transport is a system used to transport fresh products such as fruits, vegetables, meat, fish, etc. It controls the temperature in order to preserve food products. Refrigerated transport protects food from spoilage, theft, damage and from weather conditions. For maintenance of temperature, refrigerator systems are used which contains liquefied gases, water ice, dry ice, or ready-made freezing mixtures. Transports also contains heater in winter season in order to maintain certain temperature for conservation of products. According to the size of the product that needs to be transported, vehicles are chosen such as reefer trailer, reefer van, refrigerated van, refrigerated truck, etc. The Refrigerated Transport market accounted for US$ 14.25 billion in 2020 and is estimated to be US$ 25.65 billion by 2030 and is anticipated to register a CAGR of 6.10%.

 

Global Refrigerated Transport Market By Dynamics

Increasing Trade of Perishable Good

The major factor driving growth of the refrigerated transport market is increasing trade of perishable good across the globe. Integration of transport systems and multi temperature systems is another factor fueling growth of the global market. Increase in demand of cold stored and frozen edible items, coupled with increasing pace of international trade are factors expected to propel growth of the target market over the forecast period. However, constantly changing fuel prices and requirement of high capital investment may hamper growth of the refrigerated transport market over the forecast period. Lack of adequate infrastructure supporting cold storage also restrains growth of the global market. Nevertheless, increasing adoption of multi-temperature transport trucks and growing E-commerce sector can create high revenue opportunities for players in the target market.

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Global Refrigerated Transport Market By Segmentation

The refrigerated transport market is segmented based on transportation, temperature, application, and region.

On the basis of transportation, the global market is segmented into road, rail, sea, and air. Road transportation segment is further bifurcated into light commercial vehicle (LCV), heavy commercial vehicle (HCV), and medium & heavy commercial vehicle (MHCV). On the basis of temperature, the target market is classified into multi temperature and single temperature. Based on application, the global market is segmented into frozen and chilled.

Regional Insights:

The Refrigerated Transport market accounted for US$ 113.27 billion in 2020 and is estimated to be US$ 196.96 billion by 2030 and is anticipated to register a CAGR of 6.2%. On the basis of region, the refrigerated transport market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounts for major share for global market in terms of revenue and is expected to witness higher growth over the forecast period. Increasing consumer base and rising disposable income are factors propelling growth of the global market in this region. In addition, growing retail and e-commerce sector in developing countries such as China and India are also anticipated to fuel growth of the refrigerated transport market in Asia Pacific region. North America and Europe accounts for the moderate growth and is expected to witness higher growth over the forecast period. The temperature should be controlled and the road transport is a rapidly growing means of transport in U.S and U.K. Sea Transport is also gaining a share in the market, in terms of transport for particular fruits and vegetables due to advancement of technology.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Transportation - Road (Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), and Medium & Heavy Commercial Vehicle (MHCV)), Rail, Sea, and Air

By Temperature – Multi Temperature and Single Temperature

By Application - Frozen and Chilled

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

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

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Refrigerated Transport market report based on transportation, temperature, application, and region.

 

Refrigerated Transport Market-Segmentation

Refrigerated Transport Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Refrigerated Transport Market By Key Players

The key players operating in the refrigerated transport market includes United Technologies Corporation, Singamas Container Holdings Limited, China International Marine Containers Ltd., Hyundai Motor Company, Utility Trailer Manufacturing Company, Daikin Industries, Ltd., Ingersoll-Rand PLC, Schmitz Cargobull AG, Wabash National Corporation, and Lamberet SAS.

Global Refrigerated Transport Market By Company Profile

  • United Technologies Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Singamas Container Holdings Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • China International Marine Containers Ltd.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hyundai Motor Company,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Utility Trailer Manufacturing Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daikin Industries, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ingersoll-Rand PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Schmitz Cargobull AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wabash National Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lamberet SAS.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Refrigerated Transport Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Transportation
      • Market Snippet, By Temperature
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Transportation, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Road (Light Commercial Vehicle (LCV)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Heavy Commercial Vehicle (HCV)  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Medium & Heavy Commercial Vehicle (MHCV)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Rail
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sea
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Air
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Temperature , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Multi Temperature
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Single Temperature
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Application , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Frozen
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Chilled
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Transportation, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Temperature , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Transportation, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Temperature , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Transportation, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Temperature , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Transportation, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Temperature , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Transportation, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Temperature , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • United Technologies Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Singamas Container Holdings Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • China International Marine Containers Ltd.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hyundai Motor Company,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Utility Trailer Manufacturing Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daikin Industries, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ingersoll-Rand PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Schmitz Cargobull AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wabash National Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lamberet SAS.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The refrigerated transport market is segmented based on transportation, temperature, application, and region.

The major factor driving growth of the refrigerated transport market is increasing trade of perishable good across the globe. Integration of transport systems and multi temperature systems is another factor fueling growth of the global market.

Asia Pacific accounts for major share for global market in terms of revenue and is expected to witness higher growth over the forecast period. Increasing consumer base and rising disposable income are factors propelling growth of the global market in this region.

The key players operating in the refrigerated transport market includes United Technologies Corporation, Singamas Container Holdings Limited, China International Marine Containers Ltd., Hyundai Motor Company, Utility Trailer Manufacturing Company, Daikin Industries, Ltd., Ingersoll-Rand PLC, Schmitz Cargobull AG, Wabash National Corporation, and Lamberet SAS.