Global Refrigerated Transport Market
The GMI Research forecasts that the refrigerated transport market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising trend of purchasing frozen products and the emerging demand for temperature-controlled food products.
Introduction of the Refrigerated Transport Market:
Refrigerated transport involves transportation used for perishable food items, including fresh fruits & vegetables, seafood, confectionery, meat & fish, and dairy products. These transport types are designed to bring frozen food products at a particular temperature from one place to another. The refrigerated transportation helps in preserving the quality of the food products, even in severe external environment conditions. The refrigerated boxcar is specially designed to store food products for a long duration of time. It also consists of frozen carbon dioxide ice or liquid nitrogen that helps in maintaining the inside temperature.
Refrigerated Transport Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The rising trend of purchasing frozen products, the emerging demand for temperature-controlled food products, along with the growing disposable income of consumers are some of the factors surging the growth of the global refrigerated transport market. The rapid urbanization globally and the strong demand for frozen perishable commodities will further fuel the growth of the refrigerated transport market share in terms of revenue during the forecast period. The busy schedule of people has promoted them to opt for ready-to-eat or precooked meals as it saves their money and time.
The rapid technological advancements in refrigerated systems by the manufacturers to offer enhanced preservation and better temperature controlling of the product in the system will bring various growth opportunities in the market. In addition to this, global manufacturers are planning clear-cut strategies to gain a competitive benefit over the other key players and to enhance customer loyalty. On the other hand, the factors hindering the growth of the market in the upcoming years include increased maintenance cost, high initial capital investment, and limited developed infrastructure.
Based on the region, the Asia-Pacific is expected to grow at a higher CAGR during the forecast period due to the emerging demand for frozen food products, followed by rapid changes in the diet pattern of the consumer. Additionally, the growing consumption of frozen food among the population, the rising disposable income, and the large investments by the governments on infrastructural development regarding highways, railway, and airport constructions, which will propel the growth of refrigerated transport in this region.
Key Players of the Global Refrigerated Transport Market:
- Nestle
- Tyson Foods
- The Kraft Heinz Company
- General Mills
- Smithfield Foods
- Kellogg Company
- Conagra Brands
- Kerry
- Del Monte Pacific
- Aryzta
Refrigerated Transport Market Segmentation:
Segmentation by Application:
- Chilled food
- Milk
- Dairy Products
- Beverages
- Others
- Frozen food
- Frozen Dairy Products
- Fish & Seafood
- Processed Meat
- Others
Segmentation by Technology:
- Vapor Compression Systems
- Cryogenic Systems
Segmentation by Temperature:
- Single-temperature
- Multi-temperature
Segmentation by Mode of Transportation:
- Road
- Sea
- Rail
- Air
Segmentation by Vehicle Type:
- LCV
- MHCV
- HCV
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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