Refrigerated Transport Market Definition
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.
The market study is broken down by Type (Chilled and Frozen), by Application (Food and Beverages, Healthcare and Others) and major geographies with country level splits. According to AMA, the Global Refrigerated Transport market is expected to see growth rate of 6.19%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Refrigerated Transport market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are CMA CGM S.A. (United States), GAH Refrigeration Ltd (United Kingdom), Maersk Line A/S Limited (Denmark), MSC Mediterranean Shipping Company S.A. (Switzerland) and Swift Transportation Company (United States).
AdvanceMarketAnalytics has segmented the market of Global Refrigerated Transport market by Type, Application and Region.
On the basis of geography, the market of Refrigerated Transport has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Switzerland, Netherlands, Ireland, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Temperature, the sub-segment i.e. Single Temperature will boost the Refrigerated Transport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle , the sub-segment i.e. LCV will boost the Refrigerated Transport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Transportation, the sub-segment i.e. Road will boost the Refrigerated Transport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
- Technological Advancement in Refrigerated Systems as well as Equipment
- Rising International Trade Perishable Supplies
- Growing Demand of Frozen Perishable Supplies
- High Adoption of Advanced Cold Rooms
- Adoption of Intermodal Transport to Save Fuel Costs
- Technological Advancement in Multi-Temperature Systems
- High Capital Investments
- Lack of transportation Support in Emerging Countries
- Fluctuating Fuel Cost
- Maintaining Product Integrity During Carrying of Perishable Supplies
Key Target AudienceRefrigerated Transport Manufacturers, Refrigerated Transport Distributors/Traders/Wholesalers, Refrigerated Transport Subcomponent Manufacturers, Infrastructure Providers, Industry Associations and Experts, Research Organizations and Consulting Companies., Research Institutes, Government Regulatory Bodies, Government and Private Research Organization and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase