Base Year
Historical Year
Forecast Year
The global refrigerated transport market attained a value of USD 18.03 billion in 2023. The market is expected to register a CAGR of 5.5% during the forecast period of 2024-2032 is anticipated to reach USD 29.20 billion by 2032.
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On the basis of the mode of transportation, the refrigerated road transport segment dominated the refrigerated transport market in 2020. Based on the technology, the vapour compression systems accounted for the largest market in 2020, as it represents the most standard technology used in refrigerated transport. Based on temperature, the single temperature segment held the majority of the total industry share across the globe. On the basis of the application segment, the chilled food product segment was estimated to hold the largest segment in 2020. Moreover, the frozen food product segment is expected to be the fastest-growing segment over the forecast period of 2024-2032. Geographically, the Asia Pacific accounted for the largest market in 2020.
Refrigerated transport is a temperature-controlled means of transportation, such as refrigerated trucks and shipping containers. These vehicles are equipped with an in-built cooling system that maintains the required temperature throughout the transportation process. It is used for shipping perishable products, including vegetables and fruits, dairy, freshly cut flowers, meat, seafood, and pharmaceutical products.
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On the basis of the mode of transportation, the global refrigerated transport market is segmented into:
The industry can be broadly categorised on the basis of the technology segment into:
Based on the temperature, the industry is segmented into:
On the basis of application, the global refrigerated transport market is segregated into:
The EMR report looks into the regional markets in the global refrigerated transport market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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Market Analysis
The growing food and beverage industry represents one of the key factors driving the growth of the industry. Furthermore, owing to the increasing health-consciousness among consumers, the demand for frozen variants of various fresh products has increased, which in turn expected to foster the industry growth. Also, the increasing demand for perishable goods is anticipated to boost the refrigerated transport market, since it aids in extending the shelf-life of these products and ensure year-round availability of seasonal goods. Since the food products require controlled temperatures while transportation for the storage and prevention of spoilage, refrigerated transport is becoming integral to the distribution process.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global refrigerated transport market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Mode of Transportation |
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| Breakup by Technology |
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| Breakup by Temperature |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Refrigerated Transport Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global refrigerated transport market reached a value of USD 18.03 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 5.5%.
By 2032, the market is estimated to attain USD 29.20 billion.
The thriving food and beverage sector, the increasing importance of refrigerated transport in the food distribution process, and the rising demand for perishable goods and seasonal fruits are propelling the market.
The growing consumption of frozen variants of fresh products due to rising demand for healthy food products is a key trend driving the growth of the market.
The major regions in the market are Latin America, North America, the Middle East and Africa, Europe, and the Asia Pacific.
The various modes of transportation considered in the market report are refrigerated road transport, refrigerated sea transport, refrigerated air transport, and refrigerated rail transport.
Vapour compression systems, air-blown evaporators, eutectic devices, and cryogenic systems are the major technologies of refrigerated transport considered in the market report.
The significant temperatures considered in the market report include single-temperature and multi-temperature.
Chilled food products and frozen food products, among others, are the several applications of refrigerated transport.
The leading players in the market are C.H. Robinson Worldwide, Inc, Carrier, Daikin Europe N.V., DB Schenker, and Trane Technologies, among others.
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Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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