Trends and Opportunities in the Global Refrigerated Transport Market (2021-2026)
According to the latest report by IMARC Group, titled “Refrigerated Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global refrigerated transport market reached a value of US$ 16.11 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Refrigerated transport is a means of transportation intended for the conveyance of perishable products. Some of these products include fruits and vegetables, freshly cut flowers, dairy, meat, and seafood, as well as chemical, hazardous, and pharmaceutical products. Nowadays, refrigerated transport is increasingly being used to deliver goods, as it increases safety and prevents economic losses due to spoilage.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Refrigerated Transport Market Trends:
A rise in the demand for perishable goods has boosted the refrigerated transport market, as it helps in extending the shelf-life of the products while ensuring year-round availability of seasonal goods. Along with this, the increasing adoption of marine transport vehicles owing to their cost-effectiveness, coupled with the rapid manufacturing of temperature-sensitive pharmaceutical drugs, is further projected to drive the market. Besides this, governments of various countries have implemented favorable policies and regulations regarding the production, processing, transportation and quality of products, providing a positive impact on market growth. Moreover, the development of more efficient modes of cold chain logistics and improvement in technology have consequently resulted in an escalating demand for refrigerated vehicles for transporting food products and raw materials in controlled temperatures to facilitate efficient storage.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being C. H. Robinson, Daikin Industries, FedEx, DB Schenker, General Mills, Hyundai Motor Company, Ingersoll Rand Inc., Krone Commercial Vehicle Group, LAMBERET SAS, United Technologies, Utility Trailer Manufacturing Company, Schmitz Cargobull, Singamas Container, Wabash National, etc.
Breakup by Mode of Transportation:
- Refrigerated Road Transport
- Refrigerated Sea Transport
- Refrigerated Rail Transport
- Refrigerated Air Transport
Breakup by Technology:
- Vapor Compression Systems
- Air-Blown Evaporators
- Eutectic Devices
- Cryogenic Systems
Breakup by Temperature:
- Single-Temperature
- Multi-Temperature
Breakup by Application:
- Chilled Food Products
- Dairy Products
- Bakery and Confectionery Products
- Fresh Fruits and Vegetables
- Others
- Frozen Food Products
- Frozen Dairy Products
- Processed Meat Products
- Fish and Seafood Products
- Others
- Others
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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