Press release
Refrigerated Transport Market Forecast Report by Mode of Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport) Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutect
The global refrigerated transport market is on a trajectory of significant growth, with projections indicating an increase from $17.77 billion in 2023 to $27.07 billion by 2032. This expansion represents a compound annual growth rate (CAGR) of 4.79% from 2024 to 2032. The market's growth is primarily driven by the increasing demand for temperature-controlled logistics in supply chains to maintain the efficacy and shelf life of sensitive items such as pharmaceuticals, perishable foods, and chemicals.
Refrigerated Transport Market Table of Content and Sample Download: https://www.renub.com/refrigerated-transport-market-p.php
Understanding Refrigerated Transport
Refrigerated transport, also known as cool transport, involves the movement of temperature-sensitive products using vehicles equipped with climate control capabilities. These systems maintain specific temperatures during transit to preserve the quality and safety of goods. This mode of transportation is crucial for various industries:
• Food Industry: Ensures freshness and extends shelf life of fruits, vegetables, dairy, meat, and seafood.
• Pharmaceutical Industry: Maintains the efficacy and safety of temperature-sensitive drugs, vaccines, and biologics.
• Floral Industry: Prevents wilting and maintains the appeal of cut flowers during transport.
• Chemical Industry: Safeguards temperature-sensitive products from spoilage or becoming hazardous due to temperature fluctuations.
Refrigerated transport has become an integral component of modern supply chains, significantly expanding the distribution possibilities for products requiring specific climate conditions to remain viable, safe for consumption, and compliant with food safety regulations.
Key Drivers of Market Growth
Increasing Demand for Perishable Goods
The growing global need for transporting temperature-sensitive products is a primary driver of the refrigerated transport industry. Factors contributing to this trend include:
• Shifting consumer eating habits
• Urban population growth
• Increased exportation of perishable goods
• Year-round demand for fresh and diverse food products
As more countries seek access to fresh and varied foods throughout the year, the demand for refrigerated transport continues to rise.
Stringent Regulations and Quality Standards
Government and international organizations have implemented strict regulations regarding temperature standardization and monitoring during the transportation of perishable products. These standards are crucial for:
• Maintaining product quality
• Preventing contamination
• Ensuring consumer safety
Compliance with these regulations has become essential for businesses to maintain market opportunities and consumer confidence. This has led to increased investments in improving refrigeration systems and logistics frameworks, including enhanced cooling systems and advanced monitoring and reporting procedures.
Technological Advancements in Refrigeration Systems
Recent innovations in the refrigeration sector are boosting the refrigerated transportation market. These advancements include:
• High-efficiency equipment
• Improved insulation materials
• Integrated electronics for system monitoring and control
These technologies enhance the reliability, efficiency, and sustainability of cold chain fleets and containers, ultimately reducing operational costs and environmental impact. Smart integration allows for real-time temperature tracking, predictive maintenance scheduling, and route optimization, improving overall productivity and service availability.
The Asia Pacific Market: A Region of Rapid Growth
The Asia Pacific refrigerated transport market is experiencing exponential growth due to several factors:
• High population density in urban areas
• Growing middle-income consumer base
• Changing food preferences driving demand for fresh produce
Developed countries in the region, such as China, India, Japan, and South Korea, are actively investing in cold chain networks to efficiently transport perishable goods. As more Asia Pacific economies connect their supply chains to the global network, the need for cold logistics is expected to increase, creating opportunities for investment in new and improved refrigerated transportation equipment.
Additional factors contributing to market growth in the region include:
• Enhanced government policies on food safety regulation and standardization
• Technological improvements in refrigeration systems and supply chain management
Leading Companies and Recent Developments
Key players in the global refrigerated transport market include Hyundai Motor Company, Singamas Container Holdings Limited, General Mills Inc., LAMBERT SAS, United Technologies Corporation, C. H. Robinson Worldwide, Inc., Daikin Industries Limited, FedEx Corporate Services, Inc., DB Schenker AG, Ingersoll Rand Inc., and Krone Commercial Vehicle Group.
Recent industry developments highlight ongoing innovation and market dynamics:
February 2024: Sumitomo Corporation and Orient Overseas Container Line Limited (OOCL) formed a commercial alliance to offer chilled ocean transport using electric field technology. This partnership aims to enable long-distance transportation of non-freezing chilled products while maintaining freshness.
February 2024: OOCL introduced a new refrigerated ocean service utilizing electric field technology to preserve perishable goods' freshness during long-distance maritime transportation. This service aims to expand food production areas, maintain a steady supply of goods, and reduce food loss and greenhouse gas emissions.
Relate Reports
Electric Scooter Market: https://www.renub.com/electric-scooter-market-p.php
Nano Robotics Market: https://www.renub.com/nano-robotics-market-p.php
Plug-in Hybrid Electric Vehicle Market: https://www.renub.com/plug-in-hybrid-electric-vehicles-market-p.php
Dump Trucks & Mining Trucks Market: https://www.renub.com/dump-trucks-and-mining-trucks-market-p.php
Mode of Transportation -Market breakup in 4 viewpoints:
1. Refrigerated Road Transport
2. Refrigerated Sea Transport
3. Refrigerated Rail Transport
4. Refrigerated Air Transport
Technology - Market breakup in 4 viewpoints:
1. Vapor Compression Systems
2. Air-Blown Evaporators
3. Eutectic Devices
4. Cryogenic Systems
Temperature - Transport Market breakup in 2 viewpoints:
1. Single Temperature
2. Multi-Temperature
Application -Market breakup in 3 viewpoints:
1. Chilled Food Products
2. Frozen Food Products
3. Others
Country - Market breakup in 25 viewpoints:
North America
• United States
• Canada
Europe
• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• Netherlands
• Turkey
Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Thailand
Malaysia
• Indonesia
• New Zealand
Latin America
• Brazil
• Mexico
• Argentina
Middle East & Africa
• South Africa
• Saudi Arabia
• United Arab Emirates
All the Key players have been covered from 4 Viewpoints:
• Overview
• Recent Development & Strategies
• Product Portfolio
• Financial Insights
Company Analysis:
1. Hyundai Motor Company
2. Singamas Container Holdings Limited
3. General Mills Inc.
4. LAMBERET SAS
5. United Technologies Corporation
6. C. H. Robinson Worldwide, Inc.
7. Daikin Industries Limited
8. FedEx Corporate Services, Inc.
9. DB Schenker AG
10. Ingersoll Rand Inc
11. Krone Commercial Vehicle Group
About the Company:
Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: info@renub.com
LinkedIn: https://linkedin.com/company/renub-research
Website: www.renub.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Refrigerated Transport Market Forecast Report by Mode of Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport) Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutect here
News-ID: 3600109 • Views: …
More Releases from Renub Resaecrh
Global Sports Medicine Market to Hit $12.32 Billion by 2033, Driven by Rising At …
Sports Medicine Market Overview
The growing awareness of injury prevention, increased involvement in sports and physical activities, and advancements in medical technology are all contributing to the notable rise of the global sports medicine industry. The prevention, diagnosis, treatment, and rehabilitation of sports-related injuries are the primary goals of this specialized discipline, which serves athletes, fitness enthusiasts, and individuals who lead active lifestyles. The adoption of less invasive surgical procedures, the…
U.S. Cosmetics Industry Set to Surge Past $149 Billion by 2033 Amid Rising Deman …
United States Cosmetics Market Overview
According to Renub Research, with an absolute compound annual growth rate (CAGR) of 4.82% from 2025 to 2033, the United States cosmetics industry is expected to reach around US$ 149.53 billion in 2033, up from US$ 97.89 billion in 2024.
Growing consumer awareness of personal grooming and beauty improvement, particularly among millennial and Gen Z, is the primary factor driving the US industry. For example, according to…
Global Non-Invasive Prenatal Testing Market to Triple by 2033, Surging to US$ 11 …
Non-Invasive Prenatal Testing Market Overview
A type of prenatal screening called non-invasive prenatal testing (NIPT) uses a pregnant woman's blood sample to check for fetal abnormalities. By examining DNA fragments in the mother's blood, the test is primarily used to identify genetic abnormalities, such as Turner syndrome, Patau syndrome, Edwards syndrome, and Down syndrome. The treatment, which may be carried out after nine weeks of pregnancy, removes the need…
Renub Research: Global Tractor Market Set to Plough Ahead, Reaching $111.22 Bill …
Agricultural Tractors Market Overview
The growing need for automated solutions in contemporary farming is driving the rapid evolution of the agricultural tractor market. Precision agriculture, less manual work, and increased output are all made possible by tractors. To maximize field operations, farmers are implementing tractors equipped with cutting-edge technology, such as automation, telematics, and GPS, as the global demand for food increases. Trends such as climate change adaptation and sustainable…
More Releases for Refrigerated
HYSUN newly launched customized refrigerated containers
HYSUN is proud to introduce our new range of New Customized Refrigerated Container, [https://www.hysuncontainer.com/] designed to meet the most stringent temperature control requirements. These custom reefer containers are equipped with state-of-the-art refrigeration and freezing units to ensure that your products remain in optimal condition throughout the entire transportation or storage process.
Product Features:
Our reefer containers [https://www.hysuncontainer.com/] are constructed with galvanized steel, and the interior walls, floor, ceiling, and doors are made…
Refrigerated Warehousing And Storage Market Report 2024 - Refrigerated Warehousi …
"The Business Research Company recently released a comprehensive report on the Global Refrigerated Warehousing And Storage Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free…
Refrigerated Transport Market: Impact Of Russia-Ukraine War On Refrigerated Tran …
Global Refrigerated Transport Market 2022-2028: As the world economy continues to grow, so does the need for efficient, reliable data. This is why we are releasing our Global Refrigerated Transport Market 2022-2028 report, which will give you a comprehensive overview of this industry. In this report, you'll find historical and future cost, revenue, demand, supply and import/export data for your distributor's value chain. You'll also get an in-depth analysis of…
Global Refrigerated Vehicles Market: India’s Import of refrigerated vehicles w …
Refrigerated trucks include different types of vehicles used for different transportation needs depending on loading requirements. Some of these types include refrigerated vans, refrigerated trucks, refrigerated trailers, refrigerated wagons, refrigerated vessels, refrigerated air transport, refrigerated containers, temperature controlled containers, intermodal refrigerated containers, insulated containers, integrated refrigerated containers, and multi-modal. Includes temperature container. Increasing consumer awareness of fresh food is one of the key factors in increasing demand for refrigerated vehicles…
Refrigerated Transport Market Forecast to 2028 - COVID-19 Impact and Global Anal …
MARKET OVERVIEW
Refrigerated transportation is also known as reefer freight. Refrigerated transport is a means of conveyance of food products pharmaceuticals that require special, temperature controlled vehicles. The vehicle is used for refrigerated transportation has a built-in refrigeration system that keeps the products at a preferred temperature throughout the transportation process. The benefit of refrigerated transportation is that it keeps products from deteriorating and losing its value during the transportation process.…
Refrigerated Display Cases Market to Exhibit 9.6% CAGR due to Growing Demand for …
Refrigerated display cases/cabinets (RDCs) are refrigeration equipments used for storing and displaying products (food and beverage items) which require chilled or frozen conditions. The global market for RDCs was valued at USD 8,780.3 million in 2012. It is further expected to grow at 9.6% CAGR during forecast period 2013 to 2019 and reach market size worth USD 16,283.4 million by 2019. Factors such as expanding retail (food retail) store network,…
