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