Global Refrigerated Transport Market By Type (Airways, Roadways, And Seaways), By Application (Food And Beverages, Healthcare, Others, And ), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2019-2029

Market.us announces publication of its most recently generated research report titled, “Global Refrigerated Transport Market by Mode of Transport (Airways, Roadways, and Seaways), By Application (Food & Beverage, Healthcare, and Research), and by Region – Global Forecast to 2029”, which offers a holistic view of the global refrigerated transport market through systematic segmentation that covers every aspect of the target market.

The global refrigerated transport market is projected to be US$ 15,022.7 Mn in 2018 to reach US$ 28,238.8 Mn by 2029 at a CAGR of 6.0%.

Refrigerated transport is used for the conveyance of perishable products such as fruits, vegetables, meat, fish, etc. It controls the temperature to preserve food products. Refrigerated transports such as trucks, trailers, airplanes, or marine vessels are designed to carry the chilled and frozen products at a specific temperature from one place to another. Because of this, product items in high demand, such as fresh meat and seafood, rely on refrigerated transportation. The refrigerated boxcar contains liquid nitrogen or frozen carbon dioxide ice, also known as dry ice, that helps to maintain the temperature inside. Refrigerated transport systems are passive and active temperature-controlled insulated container systems used for transport. Proper temperature setting helps to preserve the quality of the products even in harsh environments. It allows buyers across the globe to consume fruits and vegetables throughout the year, with lower concerns regarding spoilage.

Request Covid - 19 Impact

Growing trade of perishable goods across borders is a significant factor driving the growth of the global refrigerated transport market. Increasing demand for perishable goods from various countries among consumers is another factor fueling the growth of the global refrigerated transport market. Also, various technological advancements in refrigerated systems and solutions such as the introduction of refrigerated transport service providers for reducing the environmental impact is a factor expected to drive the growth of the global refrigerated transport over the forecast period. Whereas, continuously changing fuel prices and the requirement of high capital investment may hamper the growth of the global refrigerated transport market.

Global Refrigerated Transport Market Revenue (US$ Mn), 2019–2029 

The global refrigerated transport market is classified based on mode of transport, application, and region. On the basis of mode of transport, the market is segmented into airways, roadways, and seaways. The roadways segment accounts for the majority share and is expected to witness a significant share in terms of revenue over the forecast period, followed by the seaways segment. Based on the application, the target market is segmented into food & beverage, healthcare, and research. The food & beverage segment accounts for a majority share in the global refrigerated transport market.

Global Refrigerated Transport Market Share by Mode of Transport, 2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and Middle East Africa. Among region, the Europe market is accounted for significant market share followed by the Asia Pacific. Higher rate of adoption for refrigerated transport by end-user industries including bakery, dairy, food, and other sectors for the longer shelf life of products, and is expected to the proper growth of the target market over the forecast period. Moreover, rising government and private organization initiatives and programs to promote the cold chain is a factor expected to drive the growth of the market globally. For instance, the integrated cold chain project is set up by Partnership / Proprietorship Firms, Companies, Corporations, Cooperatives, Self Help Groups (SHGs), Farmer Producer Organizations (FPOs), NGOs, Central / State PSUs, etc.

The research report on the global refrigerated transport market includes profiles of some of major companies such as Americold Logistics, Kloosterboer, Lineage Logistics Holding LLC, NewCold Cooperatief U.A, AGRO Merchants Group, LLC, Burris Logistics, Preferred Freezer Services, Inc., Deutsche Post AG (DHL), Marconi Freddeuropa Srl, SCG Logistics Management Company Limited, X2 Group, AIT Worldwide Logistics, Inc., and Crystal Logistic.

Key Market Segments

Type

• Airways
• Roadways
• Seaways

Application

• Food and Beverages
• Healthcare
• Others

Key Market Players included in the report:

• Americold Logistics
• Kloosterboer
• Lineage Logistics Holding LLC
• NewCold Cooperatief U.A
• AGRO Merchants Group LLC
• Burris Logistics
• Preferred Freezer Services Inc.
• Deutsche Post AG (DHL)
• Marconi Freddeuropa Srl
• SCG Logistics Management Company Limited
• X2 Group
• AIT Worldwide Logistics Inc.
• Crystal Logistic

For the Refrigerated Transport Market research study, the following years have been considered to estimate the market size: