REFRIGERATED TRANSPORT MARKET ANALYSIS

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), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023
Code : CMI920
Pages :180
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenges And Opportunities

Refrigerated Transport Market Restraints:

Transportation Infrastructure Is Being Impacted By Climate Change.

Floods and droughts, which have a significant effect on transportation, are becoming more frequent and stronger, as are storms and winds. Lack of transportation infrastructure support in developing markets and the presence of finished goods in an established market. Meanwhile, because food products require constant temperatures during transportation, refrigeration has replaced traditional delivery methods that could be harmed by weather.

High Capital Investment & Energy Costs.

Ensuring food quality and safety by avoiding premature expiration, decay, and spoilage is a top priority for producers, retailers, and consumers in the food industry. It has become essential for service providers to make investments in cutting-edge vehicles, system technologies, and cold storage facilities. Energy costs are particularly high in North America and Europe, which is why they are a growing concern for cold chain providers. Traditional fluorescent lighting is used in refrigerated storage facilities, and it must be on all year round per legal requirements. Since the need for refrigerated vehicles in cold chains, particularly in North America and Europe, has grown over the past few years, rising fuel prices and effective fuel consumption management are some of the other major concerns for cold chain providers.