PUBLISHER: The Business Research Company | PRODUCT CODE: 1703258
PUBLISHER: The Business Research Company | PRODUCT CODE: 1703258
Cryogenic transportation services involve the specialized logistics and handling of materials at extremely low temperatures, usually below -150°C (-238°F). These services use advanced insulated containers and temperature-controlled systems to ensure the safe transport of materials, maintaining their integrity and effectiveness throughout the journey.
The primary types of cryogenic transportation services include trailer transportation and truck transportation. Trailer transportation involves using trailers to transport cargo or goods by road, offering a versatile and efficient method for moving freight. Cryogenic transportation typically deals with gases such as nitrogen, oxygen, natural gas, and argon, among others. It serves various industries, including chemicals, pharmaceuticals, biological specimens, and industrial gases.
The cryogenic transportation services market research report is one of a series of new reports from The Business Research Company that provides cryogenic transportation services market statistics, including the cryogenic transportation services industry's global market size, regional shares, competitors with a cryogenic transportation services market share, detailed cryogenic transportation services market segments, market trends and opportunities, and any further data you may need to thrive in the cryogenic transportation services industry. This cryogenic transportation services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cryogenic transportation services market size has grown strongly in recent years. It will grow from $9.35 billion in 2024 to $10.01 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing demand for biopharmaceuticals, increasing international trade, increasing government regulations, increasing use of medical gases, and increasing industrial applications.
The cryogenic transportation services market size is expected to see strong growth in the next few years. It will grow to $13 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the growth of life sciences and healthcare, expanding the food and beverage industry, expansion of LNG export capacity, expansion of the healthcare sector, and growing awareness of environmental issues. Major trends in the forecast period include enhanced safety protocols, green energy integration, enhanced logistics solutions, advancements in cold storage tanks, and enhanced transportation solutions.
The increasing use of industrial gases is anticipated to drive the growth of the cryogenic transportation services market in the future. Industrial gases are essential for various industrial applications, improving manufacturing processes, efficiency, and innovation across sectors. Cryogenic transportation services are crucial for the safe and efficient transport of these gases at extremely low temperatures, preserving their liquid state for bulk distribution. For example, in June 2024, a report by the Department of Industry, Science, and Resources, an Australia-based governmental organization, noted that Australia's manufacturing sector used 380 petajoules (PJ) of gas, accounting for 26% of the country's total domestic gas supply, marking an increase from the previous year. This rise in industrial gas use is fueling the growth of the cryogenic transportation services market.
Leading companies in the cryogenic transportation services market are innovating with solutions such as cryogenic multi-use dewars to improve efficiency and safety. Cryogenic multi-use dewars are specialized containers designed to safely store and transport cryogenic materials such as liquid nitrogen at extremely low temperatures. For instance, in April 2024, CSafe, a US-based provider of cold chain shipping solutions, introduced the CGT Cryo Series for cryogenic temperature control. This advanced product features superior cryogenic technology, high cooling efficiency, and customizable settings. Its user-friendly design, durability, and energy efficiency enhance practicality, while its safety features and versatility make it suitable for transporting critical CGTs, including pre-frozen biologic materials, regenerative medicine, immunotherapies, stem cells, and CAR-T cells.
In May 2022, Chart Industries Inc., a US-based company specializing in cryogenic liquefaction equipment, acquired CSC Cryogenic Service Center for $4 million. This acquisition enhances Chart Industries' capabilities in the repair, service, and leasing segments of the cryogenic sector, expanding its geographic reach and service offerings for mobile equipment, ISO containers, tanks, pumps, flowmeters, and LNG fueling stations. CSC Cryogenic Service Center, based in Sweden, provides maintenance and service for cryogenic transport trailers.
Major companies operating in the cryogenic transportation services market are United Parcel Service Inc., Linde plc, Kenan Advantage Group Inc., Marken Ltd., McCollister Transportation Group Inc, FIBA Technologies Inc., New England Cryogenic Center Inc., Autosped G Inc., GenOx Transportation Inc., Wessington Cryogenics Ltd., COREX Logistics Inc., Applied Cryo Technologies Inc., LGT Transport Inc., Hingham Moving & Storage Inc., US Cryo Carriers Inc., Pacific CA Systems Inc., Chart Ferox a.s., Krison Engineering Works Pvt. Ltd., Super Cryogenic Systems Private Limited, Herose Limited
North America was the largest region in the cryogenic transportation services market in 2024. The regions covered in the cryogenic transportation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cryogenic transportation services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cryogenic transportation services market includes revenues earned by entities by providing services such as temperature control, insulation, monitoring and alerts, custom packaging, logistics, and coordination. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cryogenic Transportation Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cryogenic transportation services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cryogenic transportation services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cryogenic transportation services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.