REFRIGERATED ROAD TRANSPORT MARKET ANALYSIS

Market Challenges And Opportunities

Global Refrigerated Road Transport Market- Restraints

Continuously changing climate

The market's growth is hampered by continuously shifting climate change that affects transportation infrastructure and skilled labor in established economies. The ability to maintain product integrity when transporting perishable goods and the lack of standards and processes are significant barriers to the expansion of the refrigerated road transport market. The integration of multi-temperature systems in trucks and trailers, intermodal transportation to save fuel costs, and technological advances in refrigeration systems and equipment all present promising growth prospects.

Lack of transport infrastructure support in emerging markets and skilled resources in developed markets

Developing markets such as Asia Pacific and Latin America lack efficient transit infrastructure and are poorly connected. The transportation infrastructure in industrialized countries such as the United States and the United Kingdom is efficient; nonetheless, the main challenge for refrigerated transport is a lack of competent labor. To maintain refrigerated transport equipment, competent technicians and mechanics are required. Efficient technicians can assist limit maintenance costs in overall operating costs and reduce the time it takes to carry perishable commodities to retail. The skilled labor shortage has an impact on the productivity and profitability of the refrigerated road transport business.

• Continuously changing climate
• Lack of transport infrastructure support in emerging markets and skilled resources in developed markets