India Refrigerated Transport Market, By Application (Chilled Food Products, Frozen Food Products); By Mode of Transport (Road Transport, Sea Transport, Rail Transport, Air Transport); By Technology (Air-blown Evaporators, Eutectic Devices); By Temperature

India Refrigerated Transport Market Size Set to Expand at Significant CAGR of 7.37% Reaching USD 26.74 Billion by 2030

India Refrigerated Transport Market is flourishing because of the growing food and beverages industry and an increasing demand for frozen products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Refrigerated Transport Market size at USD 17.45 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Refrigerated Transport Market size to expand at a significant CAGR of 7.37% reaching a value of USD 26.74 billion by 2030. Major growth drivers for the India Refrigerated Transport Market include the thriving cold chain logistics sector and the rising food retail services. Increased consumer preference for frozen, chilled, and processed foods, driven by busy lifestyles, contributes to market growth. The availability of frozen food products through various distribution channels enhances the use of refrigerated trucks for supply applications. The healthcare sector's growth and the need for safe transportation of temperature-sensitive biopharma products further drive market expansion. Investments in advanced medical facilities and research labs boost the requirement for refrigerated trucks. The growth of hybrid refrigerated trucks with phase change material (PCM) technology is expected to offer improved energy efficiency and operational features in India. However, high initial investment and energy consumption are anticipated to restrain the overall market growth during the period in analysis.

Opportunity - Advancements in temperature-controlled transportation

To ensure the effectiveness and safety of biopharmaceutical products, it is imperative to store and transport them in controlled environments due to their temperature sensitivity. The adoption of proper temperature-controlled transportation methods, including refrigerated transports, has become essential to mitigate shipment losses and incidents. The biopharmaceutical industry is witnessing growth, driven by advancements in refrigerated transport technology and reduced shipping costs. In response, many biopharmaceutical companies are exploring international trade opportunities to enhance their revenue. The rising demand for temperature-controlled storage and transportation containers is particularly notable in the handling of biologics, cellular therapies, vaccines, and blood products.

Impact of COVID-19 on India Refrigerated Transport Market

COVID-19 pandemic adversely affected the India Refrigerated Transport Market. The stringent lockdown measures implemented to curb the virus's spread resulted in a decreased need for refrigerated transportation services. Key sectors like food and pharmaceuticals, which heavily rely on refrigerated trucks, experienced supply chain interruptions, adversely affecting the market. Furthermore, the temporary closure of hospitality establishments, including hotels, restaurants, and catering services, contributed to a decline in the demand for refrigerated transportation. Despite these challenges, as restrictions gradually lift and economic activities resume, the market is poised for recovery, driven by an upswing in demand for secure and efficient cold chain logistics in the post-pandemic period.

India Refrigerated Transport Market – By Temperature

Based on temperature, the India Refrigerated Transport Market is split into Single-temperature and Multi-temperature segments. The single-temperature segment is expected to hold a higher share in the India Refrigerated Transport Market by temperature during the forecast period. A refrigerator truck or van employed for transportation maintains a uniform temperature setting for all perishable goods on board. This type of refrigerated transport, known for its single temperature setting, proves advantageous for a wide range of products. Anticipated growth in the single-temperature segment is attributed to its application in transporting various items, including dairy products, pharmaceuticals, fruits, vegetables, meat, and fish.

Competitive Landscape

Major players operating in the India Refrigerated Transport Market include Snowman Logistics Ltd, ColdEX Logistics, Fresh & Healthy Enterprises Ltd (Fresh World), ColdStar Logistics, Coldman Logistics, Gubba Cold Storage, Coldrush Logistics, V. G. Frozen Food Carrier, and Golden Highway Goods Carrier Pvt Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Refrigerated Transport Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Refrigerated Transport Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. India Refrigerated Transport Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Growing food industry
3.2.1.2. Increasing demand for frozen products
3.2.2. Restraints
3.2.2.1. High initial investment
3.2.2.2. Energy consumption
3.2.3. Opportunities
3.2.3.1. E-commerce growth
3.2.3.2. Pharmaceutical industry growth
3.2.4. Challenges
3.2.4.1. Lack of cold storage facilities
3.2.4.2. Operational and maintenance costs
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. India Refrigerated Transport Market Overview
4.1. Market Size & Forecast, 2019–2030
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Application
4.2.1.1. Chilled Food Products
4.2.1.2. Frozen Food Products
4.2.2. By Mode of Transport
4.2.2.1. Road Transport
4.2.2.2. Sea Transport
4.2.2.3. Rail Transport
4.2.2.4. Air Transport
4.2.3. By Technology
4.2.3.1. Air-blown Evaporators
4.2.3.2. Eutectic Devices
4.2.3.3. Others
4.2.4. By Temperature
4.2.4.1. Single-temperature
4.2.4.2. Multi-temperature
4.2.5. By Region
4.2.5.1. North India
4.2.5.2. South India
4.2.5.3. East India
4.2.5.4. West India
5. Competitive Landscape
5.1. List of Key Players and Their Range
5.2. India Refrigerated Transport Company Market Share Analysis, 2023
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on India Refrigerated Transport Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
7.1. Snowman Logistics Ltd
7.2. ColdEX Logistics
7.3. Fresh & Healthy Enterprises Ltd (Fresh World)
7.4. ColdStar Logistics
7.5. Coldman Logistics
7.6. Gubba Cold Storage
7.7. Coldrush Logistics
7.8. V. G. Frozen Food Carrier
7.9. Golden Highway Goods Carrier Pvt Ltd
7.10. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents
9.5. Assumption & Limitation
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 India Refrigerated Transport Market Segmentation
Figure 2 India Refrigerated Transport Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Refrigerated Transport Market Size, By Value (USD Billion), 2019–2030
Figure 5 India Refrigerated Transport Market Share, By Application, By Value, 2019–2030
Figure 6 India Refrigerated Transport Market Share, By Mode of Transport, By Value, 2019–2030
Figure 7 India Refrigerated Transport Market Share, By Technology, By Value, 2019–2030
Figure 8 India Refrigerated Transport Market Share, By Temperature, By Value, 2019–2030
Figure 9 India Refrigerated Transport Market Share, By Region, By Value, 2019–2030
List of Tables
Table 1 India Refrigerated Transport Market Share, By Application, By Value, 2019–2030
Table 2 India Refrigerated Transport Market Share, By Mode of Transport, By Value, 2019–2030
Table 3 India Refrigerated Transport Market Share, By Technology, By Value, 2019–2030
Table 4 India Refrigerated Transport Market Share, By Temperature, By Value, 2019–2030
Table 5 India Refrigerated Transport Market Share, By Region, By Value, 2019–2030
Table 6 Snowman Logistics Ltd Company Overview
Table 7 Snowman Logistics Ltd Financial Overview
Table 8 ColdEX Logistics Company Overview
Table 9 ColdEX Logistics Financial Overview
Table 10 Fresh & Healthy Enterprises Ltd (Fresh World) Company Overview
Table 11 Fresh & Healthy Enterprises Ltd (Fresh World) Financial Overview
Table 12 ColdStar Logistics Company Overview
Table 13 ColdStar Logistics Financial Overview
Table 14 Coldman Logistics Company Overview
Table 15 Coldman Logistics Financial Overview
Table 16 Gubba Cold Storage Company Overview
Table 17 Gubba Cold Storage Financial Overview
Table 18 Coldrush Logistics Company Overview
Table 19 Coldrush Logistics Financial Overview
Table 20 V. G. Frozen Food Carrier Company Overview
Table 21 V. G. Frozen Food Carrier Financial Overview
Table 22 Golden Highway Goods Carrier Pvt Ltd Company Overview
Table 23 Golden Highway Goods Carrier Pvt Ltd Financial Overview

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings