growing end-user segments is driving the Refrigerated Transportation Market in US
Technavio analyzes that the Refrigerated Transportation Market in US is expected to grow at a CAGR of 12.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8358.1 million.There are various factors that contribute to the growth of the market. The Refrigerated Transportation Market in the US is experiencing significant growth due to expanding end-user segments. Food and beverage industries, particularly those dealing with perishable goods, continue to dominate the market. Additionally, the pharmaceutical sector is witnessing increased demand for temperature-controlled logistics, contributing to market expansion. The e-commerce sector's surge in the sale of perishable items is another driving factor. These trends are expected to continue, ensuring robust growth for the refrigerated transportation industry in the US.
In the United States, the food and beverages industry is the primary consumer of refrigerated transportation services. This sector transports a vast array of temperature-sensitive goods, including meat, poultry, dairy products, fresh produce, fish, and seafood, bakery items, fruits, and fruit juices. With over 749,404 restaurants in operation as of 2023, the demand for reliable refrigerated transportation is significant. From national fast-food chains to local eateries, these establishments source their supplies daily, necessitating the transportation of perishable goods under consistent temperature conditions to maintain their quality and freshness.
Know which region is leading the market growth by requesting a sample report
Refrigerated Transportation Market in US Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The Refrigerated Transportation Market in the US plays a crucial role in maintaining the cold chain for various perishable goods, including foodservice distribution and farm-to-table produce. This global supply chain encompasses food distributors, farms, fisheries, and specialty seafood distributors. Temperature-controlled transportation ensures safety and integrity for food safety standards, refrigerated freight, grocery delivery services, and last-mile delivery of perishable items like medications and fresh food. Vehicles such as lorries and vans facilitate the consistent temperature journey for frozen goods, fresh food, and non-food items like fine art and rare paintings during overseas transportation. Businesses rely on refrigeration for human consumption of perishable goods, while ensuring defrosted and refrozen items maintain their original quality.
The Refrigerated Transportation Market in the US is a significant segment of the global cargo ground transportation industry. Key players in this market include foodservice distributors, farms, and fisheries, adhering to stringent food safety standards for perishable goods. The market's expansion is driven by the increasing demand for farm-to-table and seafood distribution, as well as the global supply chain's need for temperature-controlled transportation. Technavio projects that the market's growth will be fueled by the escalating volumes of goods transported, particularly in emerging economies. Companies providing refrigerated transportation solutions for food and other perishable items will continue to experience significant demand due to the importance of maintaining the cold chain throughout the supply chain.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
