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Global Refrigerated Transport Market Growing with Escalating Preferences towards Convenient Food

Published By: IndustryARC Published On : 26-Apr-2019

Increasing population in conjunction with uplifted standard of living has led to considerate growth in demands for frozen food, dairy products, and related edibles. Regional or country-wide temperature differences is influencing the trade and are adding impetus to the refrigerated transport market. According to freshly compiled market research report by IndustryARC, the global refrigerated transport market size offered opportunities worth $14,800 million as of 2018. Following the prevalence of packaged and frozen foods, the refrigerated transport market is projected to grow at a compound annual growth rate (CAGR) of 5.50% during the forecast period of 2019 to 2025.

The report is titled “

Refrigerated Transport Market: By Mode (Road, Air, Rail, and Marine); By Product (Frozen, chilled); By Technology (Eutectic devices, Air blown evaporators) & Geography – Forecast (2019 - 2025)

.” This report incorporates trends, growth drivers, financial overview, business strategies, and recent developments in the global refrigerated transport market.

Global Refrigerated Transport Market: Leading Segments

By application, the chilled product segment in the food and beverages industry is the fastest growing vertical in the refrigerated transport market. As per the analysis, the demand for chilled products is growing at a CAGR of 5.80% through the aforementioned forecast period. The opportunities in the particular segment are profitable owing to the changing lifestyle of populous catalysed with increasing disposable income.

The APAC region has seen the highest demands for refrigerated transports. APAC generated 32% of the global refrigerated transport market demand share in 2018. Government initiatives in developing countries to cultivate sophisticated logistics and infrastructure in the food and beverage sector is responsible for the hiked demands for refrigerated transport.

 

Global Refrigerated Transport Market Analysis

Food and beverage:

Protecting food from adverse climate and outside environment is essential for the safety and commercial viability of the product. Essentials such as frozen carbon dioxide ice, liquid nitrogen, refrigerated boxcar, and cryogen refrigeration are contoured in the transportation trucks. Robustly growing demands for frozen food in the food and beverage industry is projected to penetrate substantial profits in the global refrigerated transport market.

Healthcare:

Healthcare is another end-user industry that extensively demands application from the refrigerated transportation market. Temperature controlled trucks are employed for transporting organs and pharmaceutical medication for longer distances. The urgency and inevitability to accomplish a safe and secure transport of the organ are paramount for the optimal treatment. Incrementing instances of organ donation and emergency organ transfers are estimated to encourage profits in the global refrigerated transport market. 

 

Global Refrigerated Transport Market Trends

Marine containers are gaining popularity owing to the comparatively economical cost associated with it which further is responsible for the rising demands in the global refrigerated market. Additionally, the incrementing demands for meat, seafood, confectionary, and bakery items are augmented to induce proliferating revenues in the global refrigerated transport market.

Temperature controlled transportation is being introduced to cater to the varying demands for convenience food. Moreover, refrigerated transports have paved their way to a new emerging trend of providing food directly from farm to consumer’s home. Once feasible, this trend will contour huge profits for the refrigerated transport market from both the emerging and developed nations.    

Global Refrigerated Transport Market: Competitive Landscape

Some of the key players mentioned in the report that are currently leading the refrigerated transport market are United Technologies Corporation, Ingersoll Rand Inc., Tyson Foods, Smithfield Foods Inc. Daikin Industries, China International Marine Containers, Utility Trailer Singamas Container, Hyundai, Schmitz Cargobull, Fahrzeugwerk Bernard Krone, Lamberet, K?gel Trailer, and Great Dane.

 

Talk to one of our sales representative about the full report by providing your details in the link below:

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Related Reports:

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Cold Chain Market

https://industryarc.com/Report/15477/cold-chain-market.html


What can you expect from the report?

The global refrigerated transport market is prepared with the main agenda to cover the following 20 points:

 

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

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Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

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2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

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About IndustryARC

: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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