Refrigerated Transport Market Report: Trends, Forecast and Competitive Analysis to 2030

Refrigerated Transport Market Report: Trends, Forecast and Competitive Analysis to 2030

Refrigerated Transport Trends and Forecast

The future of the global refrigerated transport market looks promising with opportunities in the air-blown evaporator, eutectic device, hybrid, and fully electrified markets. The global refrigerated transport market is expected to reach an estimated $191.4 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising public awareness of the benefits of eating a healthy diet and having a wide range of products available, increasing quantity of cold storage facilities, and growth in the pharmaceutical sectors.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Refrigerated Transport by Segment

The study includes a forecast for the global refrigerated transport by mode of transportation, temperature, technology, and region.

Refrigerated Transport Market by Mode of Transportation [Shipment Analysis by Value from 2018 to 2030]:

• LCV
• MHCV
• HCV

Refrigerated Transport Market by Temperature [Shipment Analysis by Value from 2018 to 2030]:

• Single temperature
• Multi-temperature

Refrigerated Transport Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Air-blown Evaporator
• Eutectic Device
• Hybrid
• Fully Electrified

Refrigerated Transport Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Refrigerated Transport Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies refrigerated transport companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the refrigerated transport companies profiled in this report include-

• Daiken Industries
• Ingersoll Rand
• Utility Trailer Manufacturing
• Singamas Container
• Hyundai
• United Technologies Corporation
• China International Shipping Containers
• Schmitz Cargobull
• Tata Motors

Refrigerated Transport Market Insights

Lucintel forecasts that multi-temperature is expected to witness fastest growth over the forecast period due to the increasing demand for multi-temperature transportation solutions to transport a variety of perishable goods, such as fresh fruits and vegetables, frozen food, and pharmaceuticals.

APAC will remain the largest region over the forecast period due to rapid urbanization and rising disposable incomes, growth of organized retail and the rapidly expanding e-commerce industry, as well as, stringent food safety regulations in this region.

Features of the Global Refrigerated Transport Market

Market Size Estimates: Refrigerated transport market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Refrigerated transport market size by mode of transportation, temperature, technology, and region in terms of value ($B).

Regional Analysis: Refrigerated transport market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different mode of transportation, temperature, technology, and regions for the refrigerated transport market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the refrigerated transport market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the refrigerated transport market size?

Answer: The global refrigerated transport market is expected to reach an estimated $191.4 billion by 2030.

Q.2 What is the growth forecast for refrigerated transport market?

Answer: The global refrigerated transport market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the refrigerated transport market?

Answer: The major drivers for this market are rising public awareness of the benefits of eating a healthy diet and having a wide range of products available, increasing quantity of cold storage facilities, and growth in the pharmaceutical sectors.

Q4. What are the major segments for refrigerated transport market?

Answer: The future of the global refrigerated transport market looks promising with opportunities in the air-blown evaporator, eutectic device, hybrid, and fully electrified markets.

Q5. Who are the key refrigerated transport market companies?

Answer: Some of the key refrigerated transport companies are as follows:

• Daiken Industries
• Ingersoll Rand
• Utility Trailer Manufacturing
• Singamas Container
• Hyundai
• United Technologies Corporation
• China International Shipping Containers
• Schmitz Cargobull
• Tata Motors

Q6. Which refrigerated transport market segment will be the largest in future?

Answer: Lucintel forecasts that multi-temperature is expected to witness fastest growth over the forecast period due to the increasing demand for multi-temperature transportation solutions to transport a variety of perishable goods, such as fresh fruits and vegetables, frozen food, and pharmaceuticals.

Q7. In refrigerated transport market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and rising disposable incomes, growth of organized retail and the rapidly expanding e-commerce industry, as well as, stringent food safety regulations in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the refrigerated transport market by mode of transportation (LCV, MHCV, and HCV), temperature (single temperature and multi-temperature), technology (air-blown evaporator, eutectic device, hybrid, and fully electrified), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Please note: It will take 2-3 business days to deliver the report upon receipt the order.