The refrigerated transportation market share in the US will post an incremental growth of USD 9.00 billion, progressing at a CAGR of 12.88% during the forecast period. The growing end-user segments will offer immense growth opportunities to market vendors. The refrigerated transportation market in the US is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Refrigerated Transportation Market in the US by End-user and Mode of Transportation - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The refrigerated transportation market in the US is segmented by end-user (food and beverage, healthcare, and others) and mode of transportation (land, waterways, and airways).
The growth of the refrigerated transportation market size in the US by the food and beverage segment will be significant during the forecast period. The growth of the segment is attributed to the rapid growth of the food and beverage industry.
The growing end-user segments will directly influence the sales of the refrigerated transportation market in the US. In addition, the EPA regulations and the introduction of autonomous vehicles are the major refrigerated transportation market trends in the US that will positively impact the market growth. However, factors such as fluctuations in fuel prices will hamper the refrigerated transportation market growth in the US.
The market is fragmented due to the presence of several players. Some of the major refrigerated transportation market vendors in the US are AGRO Merchants Group, AIT Worldwide Logistics Inc., Alliance Shippers Inc., Americold Realty Operating Partnership LP, Burris Logistics, Confederation Freezers, Deutsche Post DHL Group, KLLM Transportation Services, Kloosterboer, Knight-Swift Transportation Holdings Inc., Lineage Logistics Holdings LLC, MARTEN TRANSPORT LTD., Matson Inc., Midwest Refrigerated Services Inc., NewCold Cooperatief UA, Orient Overseas Container Line Ltd., Penske Truck Leasing Co. LP, Prime Inc., and RLS Logistics
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the refrigerated transportation market in the US forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the refrigerated transportation market share in the US.
Prediction of the upcoming trends, drivers, and factors that challenge the US refrigerated transportation market growth.
Refrigerated transportation industry growth across the US