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Report Overview
The global refrigerated transport market attained a value of USD 18.03 Billion in 2024. The market is expected to register a CAGR of 5.50% during the forecast period of 2025-2034 is anticipated to reach USD 30.80 Billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Refrigerated Transport Market Size
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.
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 Market Report Snapshots
Refrigerated Transport Market Size
Refrigerated Transport Market Analysis
Refrigerated Transport Companies
*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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Key Questions Answered in the Report
In 2024, the global refrigerated transport market reached a value of USD 18.03 Billion.
In the forecast period of 2025-2034, the market is projected to grow at a CAGR of 5.50%.
By 2034, the market is estimated to attain USD 30.80 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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