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
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 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.
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.
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A. Cold Chain Market
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
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