Global Refrigerated Transport Market is expected to reach USD 20.80 billion by 2025, from USD 13.87 billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Refrigerated Transport Market
Refrigerated transport is one key links for the cold chain distribution system for edible items and food commodities. The growth for this market is supported by innovative technologies in food processing and increasing trade globally. Perishable food products can be transported without getting soiled by keeping them at low temperatures. The refrigerated transportation industry is booming rapidly in the US with regulations from FDA’s Food Safety Modernization Act (FSMA) favouring cold and refrigerated transport.
- Integration of transport systems and multi temperature systems.
- Increase in demand of cold stored and frozen edible items.
- Increasing pace of international trade.
- Recent rise in crude prices and hence increased fuel costs.
- Lack of adequate infrastructure supporting cold storage.
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Segmentation: Global Refrigerated Transport Market
By Mode of transportation
- Eutetic Devices
- Single Temperature
- Multi Temperature
Key Market Competitors: Global Refrigerated Transport Market
The key players operating in the global refrigerated transport market are –
- DAIKIN INDUSTRIES, Ltd.
- UNITED TECHNOLOGIES
- Ingersoll- Rand plc
- Singamas Container Holdings Ltd.
- Lamberet SAS
Competitive Landscape: Global Refrigerated Transport Market
The global refrigerated transport market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of refrigerated transport market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In August 2018, CSC Brand LP shifted their focus to packaged based soup products, enabling new horizons in refrigerated foods and its subsequent transportation. The firm has also acquired Snyder’s- Lance to expand its territories in the market.
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