The refrigerated transportation market size will grow by USD 9.82 during 2018-2022. The report provides an analysis of the market’s competitive landscape and offers information on several companies including C.H. Robinson Worldwide, DB Schenker, Deutsche Post DHL Group, FedEx, KUEHNE + NAGEL. This report offers an analysis of the market by mode of transportation (land, waterways, and airways) and by end-user (food and beverages industry, healthcare industry, and other industries). The refrigerated transportation market research report further present in-depth insights on the growth prospects of the market across geographic regions including the Americas, APAC, and EMEA.
Below are some of the key findings from the refrigerated transportation market
Global Refrigerated Transportation Industry Overview
The continuously growing demand for frozen and perishable food is one of the key factors impelling the market’s growth in the forthcoming years. Various other factors including increasing disposable incomes, rapid urbanization, and changing consumption patterns are further fuelling the refrigerated transportation market growth. Furthermore, owing to the rising continuously increasing per capita disposable income, the consumption of meat and dairy products has been increasing rapidly in the emerging economies including India and China. As the shelf life of dairy products and meat is less, the need for transporting them under controlled temperature ranges. Consequently, the rising need for ferrying meat products under refrigerated conditions will foster the demand for refrigerated transportation, eventually, resulting in the market to register a CAGR of close to 7% during the predicted period. Furthermore, the demand for frozen food is also propelling the market vendors to offer functional benefits with the help of an effective refrigerated transportation and warehousing system. For instance, the global frozen food market was valued at USD 244 billion and is expected to grow at a CAGR of close to 7% during the next few years. As a result, the rising demand for frozen food will accelerate the refrigerated transportation market during the predicted period.
Companies covered
The refrigerated transportation market is moderately fragmented owing to the presence of several refrigerated transportation service providers leveraging advanced technologies to offer innovative offerings. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this refrigerated transportation industry analysis report will aid clients in identifying new growth opportunities and designing innovative strategies for improving their position in the market. The report offers a complete analysis of various companies including:
- C.H. Robinson Worldwide
- DB Schenker
- Deutsche Post DHL Group
- FedEx
- KUEHNE + NAGEL
Refrigerated transportation market growth based on geographic regions
With a complete study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, Technavio’s refrigerated transportation industry research report has estimated that countries in the Americas will contribute to the highest growth of this market throughout the predicted period.
Refrigerated transportation market growth based on end-user
- Food and beverages
- Healthcare industry
According to Technavio’s market research experts, the food and beverages segment will account for the highest growth in the market. Additionally, the refrigerated transportation industry analysis report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the refrigerated transportation market size.
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