Refrigerated Transport Market, by Transport Type (Refrigerated Road Transport (Refrigerated Light Commercial Vehicles (LCV), Refrigerated Medium & Heavy Commercial Vehicles (MHCV), and Refrigerated Heavy Commercial Vehicles (HCV)), Refrigerated Sea Transp

Refrigerated Transport Market, by Transport Type (Refrigerated Road Transport (Refrigerated Light Commercial Vehicles (LCV), Refrigerated Medium & Heavy Commercial Vehicles (MHCV), and Refrigerated Heavy Commercial Vehicles (HCV)), Refrigerated Sea Transport, Refrigerated Rail Transport, and Refrigerated Air Transport), by Technology (Vapor Compression Systems, Air Blown Evaporators, and Eutectic Devices), by Temperature (Single Temperature and Multi-temperature), by Application (Chilled Food Products (Milk, Bakery & Confectionery Products, Dairy Products, Beverages, and Fresh Fruits & Vegetables) and Frozen Food Products (Ice Cream, Frozen Dairy Products, Processed Meat, Fish & Sea Food, and Bakery Products)), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The global refrigerated transport market was valued at 15.8 billion in 2021 and is expected to exhibit a CAGR of 6.32% over the forecast period, reaching US$ 27.21 billion by 2027. Refrigerated transport refers to the automotive systems designed for transportation of perishable shipment at specific temperatures to retain its quality. These automotive are integrated with cooling apparatus, powered by small displacement diesel engines and utilize dry ice as cooling agent to maintain specific temperatures. Requirement to maintain the edible quality of the products and compliance to the regional food quality regulations are expected to drive refrigerated transport market growth over the forecast period.
Market Dynamics
Increasing demand for multi temperature refrigerated units in vehicles is one the key factors propelling demand for mid and heavy commercial refrigerated vehicles, as multi temperature refrigerator have large space, which transports variety of goods such as fresh and frozen products such as beverages, fish, meat, fruits and vegetables, dairy products, and ice creams. Furthermore, increasing development of multi temperature based heavy vehicles is expected to drive growth of the segment. For instance, in 2021, Carrier Transicold at the Distribution Solutions Conference of the International Foodservice Distributors Association, introduced Vector 8611MT a multi-temperature trailer refrigeration unit, which holds two refrigerated compartments.
However, high installation cost of refrigeration is expected to restrain growth of the refrigerated transport market over the forecast period.
Key features of the study:
This report provides in-depth analysis of global refrigerated transport, market size (US$ Billion), and cumulative annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or product approvals, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global refrigerated transport market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, refrigerated transport market capital, key developments, strategies, and future plans
Key companies covered as a part of this study include China International Marine Containers (Group) Ltd., Daikin Industries, Ltd., Great Dane Trailers, Inc., HYUNDAI Translead, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Mitsubishi Heavy Industries, Ltd., Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Company, Wabash National Corporation, and Vehicle Works Bernard Krone Gmbh & Co. KG
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgradation, market expansion, and marketing tactics
The global refrigerated transport market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global refrigerated transport market
Detailed Segmentation:
Market Viewpoint:
The Deployment Strategy of Fuel Cells
Roadmap for Hydrogen and Fuel Cells
Technological Trends
Technology Transition Analysis
R&D Spending Analysis
Key Collaborations & Funding
Assessment on the Developments of fuel cells in LCV & HCV Vehicles
Global Refrigerated Transport Market, By Transport Type –Qualitative Insights
Refrigerated Road Transport
Refrigerated Light Commercial Vehicles (LCV)
Refrigerated Medium & Heavy Commercial Vehicles (MHCV)
Refrigerated Heavy Commercial Vehicles (HCV)
Refrigerated Sea Transport
Refrigerated Rail Transport
Refrigerated Air Transport
Global Refrigerated Transport Market, By Technology:
Vapor Compression Systems
Air Blown Evaporators
Eutectic Devices
Global Refrigerated Transport Market, By Temperature:
Single Temperature
Multi-temperature
Global Refrigerated Transport Market, By Application:
Chilled Food Products
Milk
Bakery & Confectionery Products
Dairy Products
Beverages
Fresh Fruits & Vegetables
Frozen Food Products
Ice Cream
Frozen Dairy Products
Processed Meat
Fish & Sea Food
Bakery Products
Global Refrigerated Transport Market, By Region:
North America
By Technology:
Vapor Compression Systems
Air Blown Evaporators
Eutectic Devices
By Temperature:
Single Temperature
Multi-temperature
By Application:
Chilled Food products
Milk
Bakery & Confectionery Products
Dairy Products
Beverages
Fresh Fruits & Vegetables
Frozen Food Products
Ice Cream
Frozen Dairy Products
Processed Meat
Fish & Sea Food
Bakery Products
By Country:
U.S.
Canada
Europe
By Technology:
Vapor Compression Systems
Air Blown Evaporators
Eutectic Devices
By Temperature:
Single Temperature
Multi-temperature
By Application:
Chilled Food products
Milk
Bakery & Confectionery Products
Dairy Products
Beverages
Fresh Fruits & Vegetables
Frozen Food Products
Ice Cream
Frozen Dairy Products
Processed Meat
Fish & Sea Food
Bakery Products
By Country:
UK
Germany
France
Italy
Rest of Europe
Asia Pacific
By Technology:
Vapor Compression Systems
Air Blown Evaporators
Eutectic Devices
By Temperature:
Single Temperature
Multi-temperature
By Application:
Chilled Food products
Milk
Bakery & Confectionery Products
Dairy Products
Beverages
Fresh Fruits & Vegetables
Frozen Food Products
Ice Cream
Frozen Dairy Products
Processed Meat
Fish & Sea Food
Bakery Products
By Country:
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
By Technology:
Vapor Compression Systems
Air Blown Evaporators
Eutectic Devices
By Temperature:
Single Temperature
Multi-temperature
By Application:
Chilled Food products
Milk
Bakery & Confectionery Products
Dairy Products
Beverages
Fresh Fruits & Vegetables
Frozen Food Products
Ice Cream
Frozen Dairy Products
Processed Meat
Fish & Sea Food
Bakery Products
By Country:
Brazil
Argentina
Rest of Latin America
Middle East & Africa
By Technology:
Vapor Compression Systems
Air Blown Evaporators
Eutectic Devices
By Temperature:
Single Temperature
Multi-temperature
By Application:
Chilled Food products
Milk
Bakery & Confectionery Products
Dairy Products
Beverages
Fresh Fruits & Vegetables
Frozen Food Products
Ice Cream
Frozen Dairy Products
Processed Meat
Fish & Sea Food
Bakery Products
By Country:
GCC Countries
South Africa
Rest of Middle East & Africa
Company Profiles
China International Marine Containers (Group) Ltd.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Daikin Industries, Ltd.
Great Dane Trailers, Inc.
HYUNDAI Translead
Ingersoll-Rand PLC (Thermo King)
Lamberet SAS
Mitsubishi Heavy Industries, Ltd.
Schmitz Cargobull AG
Singamas Container Holdings Limited
United Technologies Corporation (Carrier Corporation)
Utility Trailer Manufacturing Company
Wabash National Corporation
Vehicle Works Bernard Krone Gmbh & Co. KG
“*” marked represents similar segmentation in other categories in the respective section.