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Refrigerated Transport Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021-2027
Published Date: October 2021
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Report Code: QYRE-Auto-4V1935
Home | Market Reports | Business & Industrial | Transportation & Logistics | Freight & Trucking
Global Refrigerated Transport Market Size Status and Forecast 2020 2026

Refrigerated Transport Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021-2027

Code: QYRE-Auto-4V1935
Report
October 2021
130 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Refrigerated Transport Market Statistics 2027

The global Refrigerated Transport market size is projected to reach US$ 16840 million by 2027, from US$ 13030 million in 2020, at a Compound Annual Growth Rate (CAGR) of 3.3% during 2021-2027. Increased worldwide trade in perishable commodities, since decreased tariffs, make cross-border transit of perishable items easier. Further, the refrigerated transport market is expected to grow due to technology developments in refrigerated systems, notably technical solutions developed by refrigerated transport service providers to reduce the environmental effect.

Refrigerated Transport Market

Refrigerated transportation refers to the movement of temperature-sensitive cargo in specialized containers called reefers that have an in-built refrigeration system.

The European region is projected to have the largest and the fastest market share in terms of value in the refrigerated road transportation market in 2023. This region experiences the latest technological advancements and the government norms favor the cold chain industry with different subsidies. Particularly the multi-temperature segment has the fastest growth when compared to single-temperature.

Furthermore, the refrigerated transport market is predicted to grow as demand for marine transportation grows due to the relatively cheap costs associated with it. The market is projected to be boosted further by an increase in global demand for meat and seafood. Aside from that, bakery and confectionery are expected to be a lucrative industry that will propel the growth of the refrigerated transport market, as bread is one of the most widely consumed foods, and refrigeration is required to manufacture, maintain uniformity, avoid rotting, and preserve the product.

Increased usage of modern cold rooms, strict government restrictions governing frozen food production, processing, transportation, and quality, and increased international trade of perishable commodities have all contributed to the worldwide refrigerated transport market's rise.

Refrigerated Transport Market Report 2027

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Refrigerated Transport market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Refrigerated Transport market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Refrigerated Transport market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Refrigerated Transport market.

Refrigerated Transport Market Segmentation

Refrigerated Transport Market Data by Type

  • Airways
  • Roadways
  • Seaways

Refrigerated Transport Market Data by Application

  • Food and Beverages
  • Healthcare
  • Others

Refrigerated Transport Market Data by Regional and Country-Level

  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia-Pacific
  • Latin America
  • Mexico
  • Brazil
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Top Major Players in the Refrigerated Transport Market

  • Americold Logistics
  • SSI SCHAEFER
  • Preferred Freezer Services
  • Burris Logistics
  • Kloosterboer
  • Lineage Logistics Holding LLC
  • AGRO Merchants Group, LLC
  • NewCold Cooperatief U.A.
  • DHL
  • Gruppo Marconi Logistica Integrata
  • BioStorage Technologies, Inc
  • Nichirei Logistics Group
  • OOCL Logistics
  • JWD Group
  • CWT Limited
  • SCG Logistics
  • X2 Group
  • Best Cold Chain
  • AIT
  • Crystal Logistic Cool Chain Ltd
  • ColdEX

Scope of the Refrigerated Transport Market Report

Report Metric

Details

Report Name

Refrigerated Transport Market

The market size in 2020

USD 13030 Million

The revenue forecast in 2027

USD 16840 Million

Growth Rate

Compound Annual Growth Rate (CAGR) of 3.3% from 2021 to 2027

Market size available for years

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report

1. How big is the refrigerated transport market?

Ans. The global Refrigerated Transport market size is projected to reach US$ 16840 million by 2027, from US$ 13030 million in 2020, at a Compound Annual Growth Rate (CAGR) of 3.3% during 2021-2027.

2. Which market holds the maximum market share of the global refrigerated transport market?

Ans. The European region is projected to have the largest and the fastest market share in terms of value in the refrigerated road transportation market in 2023

3. Who are the leading players in the refrigerated transport market?

Ans. Some key players operating in the refrigerated transport market are Americold Logistics SSI SCHAEFER Preferred Freezer Services Burris Logistics Kloosterboer Lineage Logistics Holding LLC AGRO Merchants Group, LLC NewCold Cooperatief U.A. DHL Gruppo Marconi Logistica Integrata BioStorage Technologies, Inc Nichirei Logistics Group OOCL Logistics JWD Group CWT Limited SCG Logistics X2 Group Best Col

4. What factors will drive the growth of the refrigerated transport market?

Ans. Increased usage of modern cold rooms, strict government restrictions governing frozen food production, processing, transportation, and quality, and increased international trade of perishable commodities have all contributed to the worldwide refrigerated transport market's rise.

5. What would be the forecast period in the market report?

Ans. The forecast period considered for the global refrigerated transport market is 2021 to 2027

Table of Content

List of Tables & Figures

 

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