Global Refrigerated Transport Market will be US$ 25.43 Billion by 2027

Refrigerated transport is a method for shipping temperature-sensitive products in a temperature-controlled environment. The vehicle conveying the products has a built-in refrigeration system, a Transport Refrigeration Unit (TRU), and an insulated body that keeps the food at a set temperature. The set temperatures range from fresh vegetables to +8°C to ice cream at -25°C and range in size from panel vans to 44-tonne trailers. Globally, there are millions of refrigerated vehicles operating. As per Renub Research latest report, the Global Refrigerated Transport Market will be US$ 25.43 Billion by the end of 2027.

global refrigerated transport market by renub research

In addition, today, refrigerated vehicles are prevalent, mainly powered by diesel. The more petite vehicles (vans and smaller rigid trucks) employ power from the vehicle engine to run the refrigeration system. However, the larger vehicles (larger rigid lorries and articulated trucks pulling a trailer) use an auxiliary motor, typically diesel, with much less strict emissions standards than diesel engines used for vehicle propulsion.


Moreover, refrigeration transportation being one of the most challenging refrigeration applications, require components capable of addressing a range of critical parameters, such as

  • wide-ranging and wavering temperatures necessitating excellent response and control.
  • harsh environments demanding corrosion resistance,
  • constant shocks and vibrations requiring high stability and reliability.
  • space constraints required compact components, and fuel efficiency required lightweight component materials.


Most Widely Used Method Is the Vapor Compression System:

The most common refrigeration system in practice for refrigerated food transport applications now is the vapour compression system. Mechanical cooling with the vapour compression cycle grants a wide range of options for compressor drive methods. The preference may be based on duty demanded, weight, noise specifications, maintenance provisions, installation expense, environmental tolerances and fuel assessment—the performance and power necessities of these arrangements typically imposed at full load. In existence, however, transport refrigeration arrangements operate over a wide range of freight. The refrigeration system may rearranged on and off or capacity modulated to match the load to maintain the set temperature and reduce inefficiency.


Multi-Temperature Refrigerated Trailers:

The industry best practices include a detailed and clearly defined written procedure created by the shipper, outlining the parameters and proper temperature management of multi-temperature trailers. Additionally, while it is generally acceptable to transport chilled and frozen products in the same multi-temperature trailer to meet the environmental conditions, it is not advisable to transport the same multi-temperature trailer’s ambient (dry) and refrigerated (chilled or frozen) products. Furthermore, it is recommended that hazardous cargo (i.e. chemicals and cleaning supplies) never ship with edible animal and human food in the same trailer.


Road Transport best mode of transport existing in Global Refrigerated Transport Market:

Road transport refrigeration tools are expected to operate probably in more rigid environments than stationary refrigeration equipment. Due to the voluminous range of operating conditions and constraints imposed by available space and weight, transport refrigeration equipment has lower efficiencies than static systems. This, united with the quickly increasing use of refrigerated transport arising from the much more comprehensive range of transported goods, home delivery and greater quality expectations, is placing considerable pressures on the food industry to reduce the energy consumption of refrigerated transport.


Wide Applications of Refrigerated Transportation:

The fish, meat, and seafood segment have wide applications of refrigerated transportation. The advancing technological developments in the processing, packaging and storage of seafood and the rise in fish production boost the refrigerated carrier’s market. However, processed food is expected to be the fastest-growing application segment due to continued packaging materials innovations. Improvements in packaging supplies increase the shelf life of foods has further increased the trading of processed foods for years.


In addition, high product demand in pharmaceuticals is associated with its influence in sustaining the efficiency and fastener of pharmaceuticals. The cold chain in the pharmaceutical market is constrained by strict regulatory measures, such as Goods Distribution Practices (GDP) in the European Union (EU). Further, these regulations are shifting governments worldwide toward standardizing rules globally for better transportation systems for healthcare-related products.


Furthermore, transforming food habits and escalating disposable income levels are triggering the product demand from the bakery and confectionary segments. Shippers collaborate with third-party logistics to cater to the rising demand and assure that goods are conveyed in optimal provisions on a proper schedule.


Regional Players of Global Refrigerated Transport Market:

The North American region has significant growth opportunities as the companies plan to invest in refrigerated transportation for the long yards. Increasing perception of connected devices and a large consumer base are also expected to fuel market growth in the region. In addition, Asia Pacific is anticipated to be the fastest-growing regional market over the forecasted span owing to progressing government investments for logistics support improvement and diffusion of Warehouse Management Systems (WMS).


China is the principal contributor to the APAC regional market. The market extension in China is accredited to factors such as technological advancements in packaging, processing, and storage of seafood products. Expanding demand and growing cold chain infrastructure development has made China a top market for cold chains. Currently, China is experiencing a rapid shift from development & manufacturing-led conservation to a consumer-led economy. Rising discoveries in the pharmaceutical sector in China are also necessitated to boost the market for cold chain solutions. Another significant factor encouraging the market comprises the rapid augmentation of biopharma in the region. Moreover, the global refrigerated transport market was US$ 16.91 Billion in 2020 and will grow at a CAGR of 6.00% during 2020-2027.


The Key Performers in the Global Refrigerated Transport Market:

As per our study, the prominent market players have been examined. Some key players are General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc and Knight-Swift Transportation. These players functioning in the market have initiated several approaches related to the market.


COVID-19 influence on the Global Refrigerated Transport Market:

The COVID-19 pandemic has a meaningful consequence on the refrigerated transport industry. The demand for Refrigerated Transport is experiencing austere wrecks across diverse end-use markets. Global supply strings are disturbed, and the competing rank of operators or producers has testified to a development. The scarcity of demand has fast-tracked the international chilled and frozen food division into an oversupply state. Transportation restraints appear to be a direct and immediate influence, and once the significant social distancing ends, everything would get back to normal status.

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Market Summary:

Type – We have covered the Global Refrigerated Transport Market through Chilled and Frozen.

Mode of Transport – This report covers the Road Transport, Sea Transport and Air Transport as modes of transporting the market.

Region – This report studies Global Refrigerated Transport Market of North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

End Users – We have covered Fruits & Vegetable, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionary and Others as end users market analysis.

Company – We have studied the company by Company Overview, Recent Development and Revenue of following companies General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc, Knight-Swift Transportation.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Global Refrigerated Transport Market will be US$ 25.43 Billion by 2027

Refrigerated transport is a method for shipping temperature-sensitive products in a temperature-controlled environment. The vehicle conveying the products has a built-in refrigeration system, a Transport Refrigeration Unit (TRU), and an insulated body that keeps the food at a set temperature. The set temperatures range from fresh vegetables to +8°C to ice cream at -25°C and range in size from panel vans to 44-tonne trailers. Globally, there are millions of refrigerated vehicles operating. As per Renub Research latest report, the Global Refrigerated Transport Market will be US$ 25.43 Billion by the end of 2027.


In addition, today, refrigerated vehicles are prevalent, mainly powered by diesel. The more petite vehicles (vans and smaller rigid trucks) employ power from the vehicle engine to run the refrigeration system. However, the larger vehicles (larger rigid lorries and articulated trucks pulling a trailer) use an auxiliary motor, typically diesel, with much less strict emissions standards than diesel engines used for vehicle propulsion.


Moreover, refrigeration transportation being one of the most challenging refrigeration applications, require components capable of addressing a range of critical parameters, such as

  • wide-ranging and wavering temperatures necessitating excellent response and control.
  • harsh environments demanding corrosion resistance,
  • constant shocks and vibrations requiring high stability and reliability.
  • space constraints required compact components, and fuel efficiency required lightweight component materials.


Most Widely Used Method Is the Vapor Compression System:

The most common refrigeration system in practice for refrigerated food transport applications now is the vapour compression system. Mechanical cooling with the vapour compression cycle grants a wide range of options for compressor drive methods. The preference may be based on duty demanded, weight, noise specifications, maintenance provisions, installation expense, environmental tolerances and fuel assessment—the performance and power necessities of these arrangements typically imposed at full load. In existence, however, transport refrigeration arrangements operate over a wide range of freight. The refrigeration system may rearranged on and off or capacity modulated to match the load to maintain the set temperature and reduce inefficiency.


Multi-Temperature Refrigerated Trailers:

The industry best practices include a detailed and clearly defined written procedure created by the shipper, outlining the parameters and proper temperature management of multi-temperature trailers. Additionally, while it is generally acceptable to transport chilled and frozen products in the same multi-temperature trailer to meet the environmental conditions, it is not advisable to transport the same multi-temperature trailer’s ambient (dry) and refrigerated (chilled or frozen) products. Furthermore, it is recommended that hazardous cargo (i.e. chemicals and cleaning supplies) never ship with edible animal and human food in the same trailer.


Road Transport best mode of transport existing in Global Refrigerated Transport Market:

Road transport refrigeration tools are expected to operate probably in more rigid environments than stationary refrigeration equipment. Due to the voluminous range of operating conditions and constraints imposed by available space and weight, transport refrigeration equipment has lower efficiencies than static systems. This, united with the quickly increasing use of refrigerated transport arising from the much more comprehensive range of transported goods, home delivery and greater quality expectations, is placing considerable pressures on the food industry to reduce the energy consumption of refrigerated transport.


Wide Applications of Refrigerated Transportation:

The fish, meat, and seafood segment have wide applications of refrigerated transportation. The advancing technological developments in the processing, packaging and storage of seafood and the rise in fish production boost the refrigerated carrier’s market. However, processed food is expected to be the fastest-growing application segment due to continued packaging materials innovations. Improvements in packaging supplies increase the shelf life of foods has further increased the trading of processed foods for years.


In addition, high product demand in pharmaceuticals is associated with its influence in sustaining the efficiency and fastener of pharmaceuticals. The cold chain in the pharmaceutical market is constrained by strict regulatory measures, such as Goods Distribution Practices (GDP) in the European Union (EU). Further, these regulations are shifting governments worldwide toward standardizing rules globally for better transportation systems for healthcare-related products.


Furthermore, transforming food habits and escalating disposable income levels are triggering the product demand from the bakery and confectionary segments. Shippers collaborate with third-party logistics to cater to the rising demand and assure that goods are conveyed in optimal provisions on a proper schedule.


Regional Players of Global Refrigerated Transport Market:

The North American region has significant growth opportunities as the companies plan to invest in refrigerated transportation for the long yards. Increasing perception of connected devices and a large consumer base are also expected to fuel market growth in the region. In addition, Asia Pacific is anticipated to be the fastest-growing regional market over the forecasted span owing to progressing government investments for logistics support improvement and diffusion of Warehouse Management Systems (WMS).


China is the principal contributor to the APAC regional market. The market extension in China is accredited to factors such as technological advancements in packaging, processing, and storage of seafood products. Expanding demand and growing cold chain infrastructure development has made China a top market for cold chains. Currently, China is experiencing a rapid shift from development & manufacturing-led conservation to a consumer-led economy. Rising discoveries in the pharmaceutical sector in China are also necessitated to boost the market for cold chain solutions. Another significant factor encouraging the market comprises the rapid augmentation of biopharma in the region. Moreover, the global refrigerated transport market was US$ 16.91 Billion in 2020 and will grow at a CAGR of 6.00% during 2020-2027.


The Key Performers in the Global Refrigerated Transport Market:

As per our study, the prominent market players have been examined. Some key players are General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc and Knight-Swift Transportation. These players functioning in the market have initiated several approaches related to the market.


COVID-19 influence on the Global Refrigerated Transport Market:

The COVID-19 pandemic has a meaningful consequence on the refrigerated transport industry. The demand for Refrigerated Transport is experiencing austere wrecks across diverse end-use markets. Global supply strings are disturbed, and the competing rank of operators or producers has testified to a development. The scarcity of demand has fast-tracked the international chilled and frozen food division into an oversupply state. Transportation restraints appear to be a direct and immediate influence, and once the significant social distancing ends, everything would get back to normal status.


Market Summary:

Type – We have covered the Global Refrigerated Transport Market through Chilled and Frozen.

Mode of Transport – This report covers the Road Transport, Sea Transport and Air Transport as modes of transporting the market.

Region – This report studies Global Refrigerated Transport Market of North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

End Users – We have covered Fruits & Vegetable, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionary and Others as end users market analysis.

Company – We have studied the company by Company Overview, Recent Development and Revenue of following companies General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc, Knight-Swift Transportation.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Global Refrigerated Transport Market is expected to reach US$ 25.43 Billion by 2027

Refrigerated transportation is also known as reefer transportation. It is a means of transportation for perishable food products such as fresh fruits and vegetables, meat, fish, dairy products, confectionery, and pharmaceuticals by preserving them at low temperatures. Reefer transport systems are active and passive temperature-controlled insulated container systems used for global transport. Appropriate temperature setting help maintain the quality of the products even in harsh environments. According to Renub Research latest report, the Global Refrigerated Transport Market is expected to reach US$ 25.43 Billion by 2027.

Refrigerated transport is driven by increased demand for home delivery services and developments in the foodservice business and food processing companies. The climatic change affecting transporting infrastructure may create hindrances in the market’s growth in the forecast period. However, the need for reefer transport is reinforced by the speedup in distributing dairy products and pharmaceuticals by vans for short-distance transportation. Our study suggests that the Global Reefer Transport Industry is expected to grow with a moderate CAGR of 6.0% from 2020 to 2027.

The massive demand for home delivery services and developments in the foodservice and food processing sectors is expected to drive the market for Refrigerated road transport in the upcoming period. Furthermore, the sea is estimated to be the fastest-growing segment among various modes of transportation for global refrigerated transportation due to the low cost fused with marine freight. Being a reasonable and proficient overseas mode of delivery, this mode of transport has huge scopes for future development. As per our research report, the Worldwide Refrigerated Transportation Market Size was worth US$ 16.91 Billion in 2020.

North America was amongst the largest markets in the global reefer transport sector in 2020. The rise in technological innovations in refrigerated systems and equipment and the changing food consumption pattern is forecasted to positively impact the demand for reefer transport over the forecast period. Also, the Asia-Pacific is deemed to be the fastest-growing market. Infrastructure advancement, along with the improved demand for chilled and frozen foods, is pitched to build lucrative openings for both the service providers of reefer transport, service providers, and frozen and chilled food companies in the coming years.

Globally, the rise in demand for meat and seafood is expected to propel the market for refrigerated transport further. Apart from this, Dairy Products is also anticipated to be an attractive segment in the future, as milk is one of the most commonly consumed items globally, and refrigeration is necessary to manufacture, maintain uniformity, prevent spoilage and preserve the product. In our report, the industry’s competitive landscape has also been examined, with some of the key players being General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc and Knight-Swift Transportation. These players operating in the market have undertaken several strategies related to the market.

COVID-19 impact on the Global Refrigerated Transport Market: The COVID-19 pandemic has a significant effect on the refrigerated transport business. The market for the product is undergoing rigorous shocks across various end-use markets, global supply chains are disconcerted, and the competing rank of manufacturers or producers has testified a change. The deficiency of demand has fast-tracked the global chilled and frozen food sector into an oversupply state. Transportation constraints appear to be a direct and immediate effect, and once the critical social distancing ends, things would get back to normal conditions.

Renub Research report titled “Refrigerated Transport Market Global Forecast by Type (Chilled, Frozen), Mode of Transport (Road, Sea, Air), Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End Users (Fruits & Vegetable, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionary, Others), Company Analysis (General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc, Knight-Swift Transportation)” provides a detailed analysis of Reefer Transport Market.

Request a Free Sample Copy of the Report: renub.com/request-sample-page.php?gturl=refrigerated-transport-market-p.php

Type – Market breakup from 2 Viewpoints:

  1. Chilled
  2. Frozen

Mode of Transport – Market breakup from 3 Viewpoints:

  1. Road Transport
  2. Sea Transport
  3. Air Transport

Region – Market breakup of 5 Regions

  1. North America
  2. Europe
  3. Asia Pacific
  4. Central & South America
  5. Middle East & Africa

End Users – Market breakup of 8 Sectors

  1. Fruits & Vegetable
  2. Fruit pulp & Concentrates
  3. Dairy Products
  4. Fish, Meat and Seafood
  5. Processed Food
  6. Pharmaceuticals
  7. Bakery & Confectionary
  8. Others

Company have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue

Company Analysis:

  1. General Mills
  2. CONAGRA BRANDS
  3. Kraft Heinz
  4. Associated British Foods plc
  5. Knight-Swift Transportation

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research