Temperature-controlled and conditioned freight shipment of perishable food items, such as confectionery, fruits and vegetables, dairy products, seafood, fish, and meat, is known as "refrigerated transport.”. The food is kept in the temperature-controlled system for a longer period of time thanks to clever design. The demand for frozen food (raw materials) is anticipated to grow, which is further anticipated to fuel the growth of the global refrigerated transport market over the next few years due to the rising number of small and large food chains around the world, along with growing HoReCa sectors, particularly in developing economies.

Market Dynamics:

The market for refrigerated transportation has a variety of market dynamics, with increased demand for frozen and perishable goods and significant growth in the food and beverage sector as its main drivers. One market opportunity is the use of intermodal transportation to reduce fuel costs. Additionally, there are upcoming market trends like the rise in demand for pharmaceutical drug delivery as well as some market restraints like the impact of climate change on transportation infrastructure and high capital investment and energy costs.

Key features of the study:

• This report provides in-depth analysis of the Global Refrigerated Transport Market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global Refrigerated Transport Market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• 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 decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The Global Refrigerated Transport Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Refrigerated Transport Market

Detailed Segmentation:

• Global Refrigerated Transport Market, By Transport Type
  • 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 Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East
  • Africa
  • Rest of the World
• Company Profiles:
  • 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
  • Vehicle Works Bernard Krone Gmbh & Co. KG.