Product Code: GVR-4-68040-241-8
Refrigerated Transport Market Growth & Trends:
The global refrigerated transport market size is anticipated to reach USD 216.07 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 8.6% from 2024 to 2030. Stringent regulations and standards regulating the transportation of perishable goods influence the refrigerated transport market. Regulatory bodies mandate strict adherence to temperature control and monitoring measures to ensure the safety and quality of transported goods. Companies operating in this market must invest in advanced refrigerated transport technologies that can maintain precise temperature conditions and provide real-time monitoring capabilities. Adherence to these regulations not only ensure compliance but also contribute to the overall reliability and efficiency of the distribution chain.
Additionally, the rise of the pharmaceutical and healthcare industries positively influences the specialized refrigerated transport industry. With a growing need of transportation for temperature-sensitive medications, vaccines, and biotechnological products, the pharmaceutical sector heavily relies on refrigerated transport industry to maintain the efficacy and safety of these products. As advancements in healthcare sector continue, the demand for specialized refrigerated logistics is expected to grow further while fueling the growth of the refrigerated transport market.
Moreover, overwhelming response to e-commerce is driving the refrigerated transport market. The increasing prevalence of online grocery shopping and the demand for quick and reliable delivery of perishable goods has accelerated the need for efficient refrigerated transport services. With consumers ordering fresh produce, frozen foods, and temperature-sensitive items online, businesses are inclined to invest in refrigerated logistics to fulfill these e-commerce orders, contributing to the expansion of the refrigerated transport market.
Furthermore, the growing trend towards globalization and international trade is promoting the growth of the market. With the expansion of the global economy, businesses are looking to expand their reach to new markets, which often involves the transportation of temperature-sensitive products across borders. The growth of international trade has increased the demand for refrigerated transport services, which is expected to continue in the coming years.
Refrigerated Transport Market Report Highlights:
- Based on technology, the air-blown segment accounted for the highest revenue share of 40.22% in 2023 and is expected to retain its position over the forecast period. This can be attributed to the rising need for precise temperature control. The fully electrified segment is expected to witness the fastest growth, led by the emerging demand for sustainable refrigeration solutions.
- Based on mode of transport, the road segment dominated the market with in 2023 and is expected to grow at a significant CAGR over the forecast period. This can be attributed to the emergence of small and medium-sized enterprises.
- Based on temperature range, the frozen segment is expected dominate the market and witness the fastest CAGR owing to the increasing demand for ready-to-cook frozen food products.
- Key companies of the market include B. Hunt Transport Services, Inc., Schneider National, Inc., Knight-Swift Transportation Holdings Inc., C.H. Robinson Worldwide, Inc. and Kuehne + Nagel.
- In September 2022, Celcius Logistics, India's fastest-growing cold chain, launched a smart last-mile delivery platform to address challenges in the country's fragile cold supply chains. The platform integrates with a network of reefer vehicles through a unique Inventory Management System (IMS) in collaboration with vehicle owners and automotive manufacturers. The company has secured contracts from major clients like Zepto, Maersk, Jubilant FoodWorks, and others, and also manages distribution for Zomato, Rebel Foods, and various Cloud kitchens and local businesses, providing instant access to inventory through Celcius's delivery platform.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.1.1. Technology Outlook
- 2.1.2. Mode of Transport Outlook
- 2.1.3. Temperature Range Outlook
- 2.1.4. Application Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Refrigerated Transport Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market drivers analysis
- 3.2.1.1. Increasing demand for perishable goods
- 3.2.1.2. Development of advanced refrigeration technologies
- 3.2.1.3. Growth of the e-commerce sector
- 3.2.2. Market restraints analysis
- 3.2.2.1. High cost of installation and maintenance of refrigeration systems
- 3.2.3. Industry opportunities
- 3.2.3.1. Big data fueling AI and machine learning profoundly
- 3.2.4. Industry challenges
- 3.3. Refrigerated Transport Market Analysis Tools
- 3.3.1. Porter's Analysis
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.3.2.4. Environmental landscape
- 3.3.2.5. Legal landscape
Chapter 4. Refrigerated Transport Market: Technology Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Refrigerated Transport Market: Technology Movement Analysis, USD Million, 2023 & 2030
- 4.3. Air-blown Evaporators
- 4.3.1. Air-blown evaporators market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4. Eutectic
- 4.4.1. Eutectic market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 4.5. Hybrid
- 4.5.1. Hybrid market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 4.6. Fully Electrified
- 4.6.1. Fully Electrified market revenue estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. Refrigerated Transport Market: Mode of Transport Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Refrigerated Transport Market: Mode of Transport Movement Analysis, USD Million, 2023 & 2030
- 5.3. Road
- 5.3.1. Road market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4. Air
- 5.4.1. Air market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5. Sea
- 5.5.1. Sea market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 5.6. Railway
- 5.6.1. Railway market revenue estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. Refrigerated Transport Market: Temperature Range Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Refrigerated Transport Market: Temperature Range Movement Analysis, USD Million, 2023 & 2030
- 6.3. Chilled
- 6.3.1. Chilled market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4. Frozen
- 6.4.1. Frozen market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 6.5. Deep Frozen
- 6.5.1. Deep frozen market revenue estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7. Refrigerated Transport Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Refrigerated Transport Market: Application Movement Analysis, USD Million, 2023 & 2030
- 7.3. Healthcare
- 7.3.1. Healthcare market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4. Food & Beverages
- 7.4.1. Food & beverages market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Fruits & Vegetables
- 7.4.2.1. Fruits & vegetables market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.3. Fruit pulp & concentrates
- 7.4.3.1. Fruit pulp & concentrates market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.4. Dairy Products
- 7.4.4.1. Dairy products market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.5. Milk
- 7.4.5.1. Milk market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. Butter
- 7.4.5.2.1. Butter market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.5.3. Cheese
- 7.4.5.3.1. Cheese market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.5.4. Ice cream
- 7.4.5.4.1. Ice cream market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.5.5. Others
- 7.4.5.5.1. Others market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.6. Fish, Meat, and Seafood
- 7.4.6.1. Fish, meat, and seafood market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.7. Processed Food
- 7.4.7.1. Processed food market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.8. Bakery & Confectionary
- 7.4.8.1. Bakery & confectionary market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4.9. Others
- 7.4.9.1. Others market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.5. Pharmaceuticals
- 7.5.1. Pharmaceuticals market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Vaccines
- 7.5.2.1. Vaccines market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.5.3. Blood Banking
- 7.5.3.1. Blood banking market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.5.4. Others
- 7.5.4.1. Others market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Others market revenue estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8. Refrigerated Transport Market: Regional Estimates & Trend Analysis
- 8.1. Refrigerated Transport Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3. Canada
- 8.3.1. Canada refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4. Europe
- 8.4.1. Europe refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.2. U.K.
- 8.4.3. U.K. refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.4. Germany
- 8.4.4.1. Germany refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.5. France
- 8.4.5.1. France refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.6. Italy
- 8.4.6.1. Italy refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Asia Pacific refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.2. China
- 8.5.2.1. China refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.3. Japan
- 8.5.3.1. Japan refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.4. India
- 8.5.4.1. India refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.5. South Korea
- 8.5.5.1. South Korea refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.6. Australia
- 8.5.6.1. Australia refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.6. Latin America
- 8.6.1. Latin America refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.6.2. Brazil
- 8.6.2.1. Brazil refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.6.3. Mexico
- 8.6.3.1. Mexico refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.6.4. Argentina
- 8.6.4.1. Argentina refrigerated transport market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7. Middle East and Africa
- 8.7.1. Middle East and Africa refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.7.2. Saudi Arabia
- 8.7.2.1. Saudi Arabia refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.7.3. UAE
- 8.7.3.1. UAE refrigerated transport market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.7.4. South Africa
- 8.7.4.1. South Africa refrigerated transport market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis
- 9.5. Company Heat Map Analysis
- 9.6. Strategy Mapping
- 9.6.1. Expansion
- 9.6.2. Mergers & Acquisition
- 9.6.3. Partnerships & Collaborations
- 9.6.4. New Product Launches
- 9.6.5. Research And Development
- 9.7. Company Profiles
- 9.7.1. C. R. England Inc.
- 9.7.1.1. Participant's Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Recent Developments/ Strategic Initiatives
- 9.7.2. J. B. Hunt Transport Services, Inc.
- 9.7.2.1. Participant's Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Recent Developments/ Strategic Initiatives
- 9.7.3. Schneider National, Inc.
- 9.7.3.1. Participant's Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Recent Developments/ Strategic Initiatives
- 9.7.4. Swift Transportation Co.
- 9.7.4.1. Participant's Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Recent Developments/ Strategic Initiatives
- 9.7.5. C.H. Robinson Worldwide, Inc.
- 9.7.5.1. Participant's Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Recent Developments/ Strategic Initiatives
- 9.7.6. Kuehne + Nagel
- 9.7.6.1. Participant's Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Recent Developments/ Strategic Initiatives
- 9.7.7. Daikin Industries, Ltd.
- 9.7.7.1. Participant's Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Recent Developments/ Strategic Initiatives
- 9.7.8. Wabash National Corporation
- 9.7.8.1. Participant's Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Recent Developments/ Strategic Initiatives
- 9.7.9. Great Dane LLC
- 9.7.9.1. Participant's Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Recent Developments/ Strategic Initiatives
- 9.7.10. Fenagy
- 9.7.10.1. Participant's Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Recent Developments/ Strategic Initiatives
- 9.7.11. SolarFreeze
- 9.7.11.1. Participant's Overview
- 9.7.11.2. Financial Performance
- 9.7.11.3. Product Benchmarking
- 9.7.11.4. Recent Developments/ Strategic Initiatives