Authored By: Sarah
11 Jul 2024

 Refrigerated Road Transportation Market Size to grow by USD 4367.5 million between 2024-2028

According to a research report “ Refrigerated Road Transportation Market” by Type (Refrigerated trailers, Refrigerated vans) Application (Chilled food, Frozen food) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4367.5 million, at a CAGR of about 7.3% during the forecast period. The refrigerated road transportation market in emerging economies, including Brazil, China, India, and South Africa, experienced modest growth during the period 2005-2015. Regulatory bodies and governments worldwide have implemented stringent regulations to ensure food and drug safety, thereby fostering the expansion of the cold chain industry. Notable regulations include the World Health Organization's (WHO) guidelines for international vaccine packaging and shipping and the China Food and Drug Administration's (CFDA) rules for good supply practices of pharmaceutical products. These policies aim to maintain the integrity and safety of perishable goods during transportation and storage.

Browse market data tables, figures, and in-depth TOC on “Refrigerated Road Transportation Market” by Type (Refrigerated trailers, Refrigerated vans) Application (Chilled food, Frozen food) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Refrigerated trailers segment is projected to dominate the market size in 2024

In today's fast-paced world, the demand for convenience food, particularly quick-cooking chilled prepared meals, has surged due to consumers' busy lifestyles. This trend is further fueled by a growing population, particularly working women, seeking convenient and healthy food options. Perishable dairy products, including cheese, butter, spreads, cream, drinkable yogurt, milk, soy-based desserts, curds, soy milk, and soy beverages, are highly susceptible to spoilage and microbial growth due to their nutritional composition. As a result, these products necessitate a low-temperature environment during transportation, thereby driving the demand for refrigerated trailers. The Asia Pacific region is anticipated to experience significant growth in the market for chilled processed foods during the forecast period, owing to population expansion and rising disposable incomes.

By Application, Chilled food  segment is expected to hold the largest market size for the year 2024

In the realm of refrigerated road transportation, refrigerated trailers play a pivotal role in maintaining the integrity and quality of temperature-sensitive perishable goods, particularly dairy products. These commodities, including cheese, butter, spreadable fats, cream, drinkable yogurt, dairy-based and soy-based desserts, quark, soymilk, soy drinks, milk, and yogurt, are highly susceptible to spoilage due to their nutritional composition, making them an optimal medium for microbial growth. Consequently, it is essential to ensure these products are transported under controlled, low temperatures to preserve their freshness and extend their shelf life.

APAC is forecasted to hold the largest market size by region in 2024

The Refrigerated Road Transportation Market is a significant sector in the logistics industry, characterized by the transport of perishable goods under controlled temperatures. This market is driven by the increasing demand for temperature-sensitive products, particularly in the food and pharmaceutical industries. Key players in this market focus on enhancing their fleet size and improving operational efficiency to meet growing customer demands. Technological advancements, such as temperature monitoring systems and GPS tracking, are also transforming the industry landscape.

The Refrigerated Road Transportation Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AP Moller Maersk AS
  • Bay and Bay Transportation
  • C H Robinson Worldwide Inc.
  • Carrier Global Corp.
  • CMA CGM Group
  • CRST The Transportation Solution Inc.
  • Daikin Industries Ltd.
  • DB Schenker
  • Deutsche Post AG
  • FedEx Corp.
  • GAH Refrigeration LTD.
  • Great Dane LLC
  • Knight Swift Transportation Holdings Inc.
  • Mike Frost Trucking Inc.
  • Unternehmensgruppe Theo Muller
  • WEL Companies Inc.
  • West Coast Carriers
  • Witte Bros Exchange Inc.
  • XPO Inc.
.

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Research Analysis Overview

The refrigerated transport market encompasses the production, sale, and use of refrigerated trucks and transport refrigeration systems for the transportation of temperature-sensitive goods, including pharmaceutical items, frozen foods, dairy products, confectionery, and perishable goods. Refrigerated trucks come in various types, such as multi-temperature and single-temperature systems, powered by diesel or electric engines. Quick service restaurants and fast food chains heavily rely on refrigerated transport to ensure the accessibility and affordability of their offerings. Food manufacturers also utilize refrigerated transport to maintain the product temperature and reduce waste through efficient cold chain logistics. Transport refrigeration systems play a crucial role in preserving the quality and safety of temperature-sensitive goods. Multi-temperature systems allow for the transportation of various temperature-sensitive goods in a single container, while single-temperature systems maintain a consistent temperature for a specific product. Eco-friendly solutions, such as electric refrigeration systems, are increasingly gaining popularity in the refrigerated transport market due to their sustainability and waste reduction benefits. Food safety and product temperature control are essential considerations in the transportation of pharmaceutical items and perishable goods, making the refrigerated transport market a critical component of the global logistics industry.

Market Research Overview

The Refrigerated Transport Market is a significant sector in the logistics industry, catering to the transportation of perishable foods, pharmaceutical items, and other temperature-sensitive goods. With the rise of online groceries and the increasing popularity of single temperature and multi-temperature systems, the market is witnessing robust growth. Refrigeration trucks, powered by diesel or electric, are the primary mode of transport for chilled and frozen foods, including milk, meat, fish, and convenience foods. These vehicles use transport refrigeration systems, which include evaporators and control equipment, to maintain the product temperature. Heavy trucks, semi-trucks, and reefer containers are common in this market, with the latter being increasingly used in intermodal transport and refrigerated rail transport. Hydrofluorocarbons (HFCs) are commonly used as refrigerants, but there is a growing push towards eco-friendly solutions due to concerns over greenhouse gas emissions. The foodservice industry, including quick service restaurants and fast food chains, is a significant consumer of refrigerated transport services. Capital investments in advanced vehicles, cold storage facilities, and fuel consumption management are essential to ensure food quality, safety, and affordability. The market also faces challenges such as loss of food due to temperature fluctuations, accessibility, and energy costs. The focus on sustainability and waste reduction is driving innovation in the refrigerated transport market, with a shift towards eco-friendly solutions and advanced technologies.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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