Latest News- Refrigerated Transportation Market: Land is expected to lead the Mode Of Transportation segment during 2025-2029

The Refrigerated Transportation Market is being driven by Rising consumption of frozen food

The Refrigerated Transportation Market is expected to grow at a CAGR of 8.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 45144.9 million. In the realm of refrigerated transportation, there is a growing trend towards more efficient and sustainable solutions. Traditionally, temperature-controlled trailers have relied on dedicated diesel engines. However, to enhance efficiency and reduce emissions, electrification technologies such as hybridization, solar power, and optimized incumbent technology are gaining popularity. Notably, Carrier Transicold, a leading UK provider, has introduced the first fully autonomous, all-electric engineless trailer system, named eCool. This system utilizes the company's E-Drive technology, which captures and stores kinetic energy generated at the trailer axle to power the refrigeration unit via a battery pack. Similarly, Schmitz, a German trailer manufacturer, has developed a fully-electric S.CUe (Semi-Trailer-Cooling-Unit electric) that features an electric cooling unit and an electronically controlled generator axle, which includes energy recovery. These advancements represent significant strides in the refrigerated transportation industry's pursuit of increased efficiency and sustainability. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Mode Of Transportation
  • Land
  • Waterways
  • Airways
• Application
  • Chilled food
  • Frozen food
• Technology
  • Air-blown evaporators
  • Hybrid system
  • Eutectic devices
  • Fully electrified
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising consumption of frozen food
• Growing consumer awareness and preference for fresh and high-quality products
• Expansion of international trade and globalization of supply chains

However, the market also witnesses some limitations, which are as follows:

• Rising fuel costs and energy consumption associated with refrigeration systems
• Shortage of truck drivers
• Fluctuations in fuel prices

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Market Scope in Refrigerated Transportation Market Research Report

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Research Analysis Overview

The Refrigerated Transportation Market encompasses various sectors including temperature-controlled transport, frozen food distribution, pharmaceutical logistics, dairy product shipping, vaccine distribution networks, and e-commerce cold chain. Key components include food distribution centers, warehouse management systems, and transport management systems. Cold chain compliance, traceability systems, inventory management software, and supply chain resilience are essential for risk mitigation and loss prevention. Advanced refrigeration technology, sustainable cold chain, and transport optimization software ensure cold chain efficiency. Integrated logistics solutions, data-driven decision making, predictive analytics, real-time monitoring dashboard, remote diagnostics, network optimization, route optimization algorithms, and cost efficiency strategies further enhance the market.

Market Research Overview

The Refrigerated Transportation Market is experiencing significant growth due to the increasing demand for advanced solutions in reefer container tracking, cold chain logistics, and temperature monitoring systems. Companies specializing in refrigerated trucking fleets and cargo refrigeration units are witnessing increased business opportunities. The global market for these services is driven by the outsourcing trend, where businesses are seeking specialized expertise in refrigerated transportation to ensure the integrity of their perishable goods during transit. This includes the utilization of advanced technology for real-time temperature monitoring and efficient cold chain logistics management. The market is further boosted by the growing need for reliable and secure transportation solutions in the food and pharmaceutical industries, which require stringent temperature control regulations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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