REFRIGERATED ROAD TRANSPORT MARKET ANALYSIS

Refrigerated Road Transport MarketSize and Trends

Global Refrigerated Road Transport Market- Trends

Rise in the demand for pharmaceutical drugs transport

The majority of pharmaceutical medications are temperature-sensitive, thus they must be transported and maintained in a regulated environment to ensure their safety and efficacy. In order to prevent shipment losses, proper temperature-controlled transportation techniques, such as refrigerated road transports, are now necessary due to an increase in accidents and occurrences. A number of pharmaceutical companies have begun trading internationally in order to increase their revenue as a result of advancements in the technology of refrigerated road transport and a decrease in shipping costs.

Rising awareness among consumers

The expanding consumer awareness of healthy eating habits, as well as the wide availability of diverse items, are driving up demand for the use of these transportation vehicles. The transport trucks have an extremely important function of transporting various items to corners and nooks of the country. The local government and businesses find it incredibly helpful to use these refrigerated transports because they help provide higher income when the things supplied are fresh. The utilization of a mode of transport is critical for businesses.

Figure 1. Global Refrigerated Road Transport Market Share (%), By Region, 2022

Global Refrigerated Road Transport Market- Segmentation

The Global Refrigerated Road Transport Market report is segmented into transportation mode, cooling type, technology, and region

Based on transportation, the market is segmented into LCV, MHCV, and HCV

Based on cooling type, the market is segmented into chilled and frozen

Based on technology, the market is segmented into cryogenic systems, vapor compression system

Figure 2. Global Refrigerated Road Transport Market Share (%), By Segment, 2022