Refrigerated transportation is the method of transportation or shipping freight. Refrigerated Transportation requires special as well as temperature controlled vehicles and refrigerated container. The vehicle carrying the products being shipped has a built-in refrigeration system that keeps goods at a chosen temperature throughout the carrying process. This type of transportation is done by road, rail, sea or air.
According to AMA, the market for Refrigerated Transport is expected to register a CAGR of 6.19% during the forecast period to 2026. This growth is primarily driven by Growing Demand of Frozen Perishable Supplies and High Adoption of Advanced Cold Rooms.
Globally, a noticeable market trend is evident Technological Advancement in Refrigerated Systems as well as Equipment
. The Transportation Infrastructure sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as United Technologies (United States), Daikin Industries (Japan), Ingersoll-Rand (Ireland), China International Marine Containers (China), Utility Trailer (United States), Singamas Container (China), Hyundai (South Korea), Schmitz Cargobull (Germany), Fahrzeugwerk Bernard Krone (Germany), Lamberet (France) and Carrier Transicold, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th November 2018, Daikin Industries Ltd. (a global leading provider of refrigerated transportation) has acquired Austrian cooling specialist AHT Group, a leading company in the commercial refrigeration market in Europe.
On 5th November 2018, Textainer has placed order for the PrimeLINE ONE™ refrigerated container by Carrier Transicold & Singamas Container Holdings Limited, creating it the initial major container leasing firm to acquire the advanced new refrigerated container.
- Growing Demand of Frozen Perishable Supplies
- High Adoption of Advanced Cold Rooms
- Technological Advancement in Refrigerated Systems as well as Equipment
- Rising International Trade Perishable Supplies
- High Capital Investments
- Lack of transportation Support in Emerging Countries
Adoption of Intermodal Transport to Save Fuel Costs and Technological Advancement in Multi-Temperature Systems
Fluctuating Fuel Cost and Maintaining Product Integrity During Carrying of Perishable Supplies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Refrigerated Transport Study Sheds Light on
The Refrigerated Transport Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Refrigerated Transport industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Refrigerated Transport industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.