During the forecast period, the global market for refrigerated transport is expected to grow steadily at a CAGR. The increasing demand for temperature-controlled food worldwide is driving the global refrigerated transport market. The growth of the market is expected to be bolstered over the next few years by continuous improvements in refrigerated systems technology. Moreover, the market is further driven by the benefits it offers, including the transport of fresh products and protection from spoilage and weather conditions, through 2028.
The global refrigerated transport market is segmented based on mode, product type, technology, temperature, and region. The market can be categorized into road, sea, rail, and air based on mode. The road segment is anticipated to dominate the global refrigerated transport market during the forecast period. The road segment is further divided into refrigerated LCV, refrigerated MHCV, and refrigerated HCV. Among these, the refrigerated LCV segment is projected to lead the market in the years to come. This can be attributed to the high demand for home delivery services and developments in the foodservice industry and food processing sector. Moreover, the increase in delivery of dairy products and pharmaceuticals by vans for short-distance transportation is further aiding the segmental growth over the coming years.
The major players operating in the refrigerated transport market include Nestle, Tyson Foods Inc., Kerry Group, Del Monte Pacific Ltd, United Technologies Corporation, Daikin Industries, Ingersoll Rand Inc., The Kraft Heinz Company, General Mills Inc., Smithfield Foods, Kellogg Co., and others.
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Objective of the Study:
- To analyze and estimate the market size of global refrigerated transport market from 2018 to 2021.
- To estimate and forecast the market size of global refrigerated transport market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global refrigerated transport market based on mode, product type, technology, temperature, company and regional distribution.
- To identify dominant region or segment in the global refrigerated transport market.
- To identify drivers and challenges for global refrigerated transport market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global refrigerated transport market.
- To conduct pricing analysis for global refrigerated transport market.
- To identify and analyze the profile of leading players operating in global refrigerated transport market.
- To identify key sustainable strategies adopted by market players in global refrigerated transport market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of global refrigerated transport market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Refrigerated transport manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to refrigerated transport
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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