Refrigerated Transport Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

Refrigerated Transport Market is projected to record over 6% CAGR from 2024 to 2032, spurred by the surge in partnerships and product launches.

Companies are collaborating to boost the efficiency and outreach of temperature-sensitive logistics, integrating cutting-edge refrigeration technologies and broadening their service networks. Moreover, these new partnerships are rolling out innovative solutions, refining cold chain management to enhance energy efficiency and guarantee the secure delivery of perishable items. For example, in February 2024, Sumitomo Corporation teamed up with Orient Overseas Container Line Limited, unveiling a business alliance focused on refrigerated ocean transport, leveraging electric field technology. This partnership is pivotal for ensuring the prolonged freshness of a range of commercial products.

The overall market is segregated into mode of transportation, technology, application, temperature, and region.

By application, the refrigerated transport industry size from the frozen food products segment is poised to witness a notable CAGR from 2024 to 2032. This growth is attributed to the escalating demands of the frozen food sector. By integrating cutting-edge temperature control technologies, stakeholders are ensuring the quality and safety of frozen items throughout the supply chain. These advancements not only bolster the reliability and efficiency of frozen food transport but also cater to heightened demands for quality assurance and an extended shelf life across various distribution channels.

Based on technology, the vapor compression systems segment is anticipated to account significant share of the refrigerated transport market by 2032. This uptick is largely due to the heightened demand for precise temperature control, especially for sensitive cargo. Utilizing cryogenic fluids like liquid nitrogen, these transport systems ensure robust and consistent cooling during transit. Furthermore, cryogenic technology significantly boosts temperature management efficiency, particularly for items necessitating ultra-low temperatures.

Geographically, the Asia Pacific refrigerated transport market will showcase a strong CAGR from 2024 to 2032. This growth is largely driven by escalating urbanization. As urban areas expand, there is a pronounced push for advancements in refrigerated transport technologies. Innovations like smarter temperature management and eco-friendly solutions are also prioritized to cater to urban demands, ensuring the optimal preservation of perishable goods across the region.

Product Code: 10138

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for perishable goods globally
  - 3.8.1.2 Stringent food safety regulations and compliance
  - 3.8.1.3 Technological advancements in refrigeration systems
  - 3.8.1.4 Expansion of cold chain logistics networks
  - 3.8.1.5 Growth in international trade of frozen foods
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High operational costs and energy consumption
  - 3.8.2.2 Maintenance complexities and equipment reliability issues
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Mode Of Transportation, 2021 - 2032 (USD Billion and Units)

5.1 Refrigerated road transport
5.2 Refrigerated sea transport
5.3 Refrigerated rail transport
5.4 Refrigerated air transport

Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Billion)

6.1 Vapor compression systems
6.2 Air-blown evaporators
6.3 Eutectic devices
6.4 Cryogenic systems
6.5 Others

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Billion and Units)

7.1 Chilled food products
- 7.1.1 Dairy products
- 7.1.2 Bakery and confectionery products
- 7.1.3 Fresh fruits and vegetables
- 7.1.4 Others
7.2 Frozen food products
- 7.2.1 Frozen dairy products
- 7.2.2 Processed meat products
- 7.2.3 Fish and seafood products
- 7.2.4 Others
7.3 Pharmaceuticals
7.4 Others

Chapter 8 Market Estimates and Forecast, By Temperature, 2021 - 2032 (USD Billion and Units)

8.1 Multiple temperature
8.2 Single temperature

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Billion and Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 C. R. England Inc.
10.2 C.H. Robinson Worldwide, Inc.
10.3 Daikin Industries Ltd.
10.4 Fenagy
10.5 Great Dane LLC
10.6 J. B. Hunt Transport Services, Inc.
10.7 Kuehne + Nagel International AG
10.8 Schneider National, Inc.
10.9 SolarFreeze
10.10 Swift Transportation Co.
10.11 Wabash National CorporationTwitter, Inc.
10.12 Xiaomi Corporation