Refrigerated Transport Market, By Transport Type, By Technology,, By Temperature,, By Application, and Frozen Food Products, By Region

Description

Refrigerated Transport Market is estimated to be valued at USD 139.86 Bn in 2025 and is expected to reach USD 230.53 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.4% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 139.86 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	7.40%	2032 Value Projection:	USD 230.53 Bn

Temperature-controlled and conditioned freight shipment of perishable food items, such as confectionery, fruits and vegetables, dairy products, seafood, fish, and meat, is known as refrigerated transport.". The food is kept in the temperature-controlled system for a longer period of time thanks to clever design. The demand for frozen food (raw materials) is anticipated to grow, which is further anticipated to fuel the growth of the global refrigerated transport market over the next few years due to the rising number of small and large food chains around the world, along with growing HoReCa sectors, particularly in developing economies.

Market Dynamics

The market for refrigerated transportation has a variety of market dynamics, with increased demand for frozen and perishable goods and significant growth in the food and beverage sector as its main drivers. One market opportunity is the use of intermodal transportation to reduce fuel costs. Additionally, there are upcoming market trends like the rise in demand for pharmaceutical drug delivery as well as some market restraints like the impact of climate change on transportation infrastructure and high capital investment and energy costs.

Key features of the study

This report provides in-depth analysis of the Global Refrigerated Transport Market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global Refrigerated Transport Market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include China International Marine Containers (Group) Ltd., Daikin Industries, Ltd., Great Dane Trailers, Inc., HYUNDAI Translead, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Mitsubishi Heavy Industries, Ltd., Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Company, Wabash National Corporation, and Vehicle Works Bernard Krone Gmbh & Co. KG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The Global Refrigerated Transport Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Refrigerated Transport Market.

Market Segmentation

Global Refrigerated Transport Market, By Transport Type
- Refrigerated Road Transport
- Refrigerated Light Commercial Vehicles (LCV)
- Refrigerated Medium & Heavy Commercial Vehicles (MHCV)
- Refrigerated Heavy Commercial Vehicles (HCV)
- Refrigerated Sea Transport
- Refrigerated Rail Transport
- Refrigerated Air Transport
Global Refrigerated Transport Market, By Technology
- Vapor Compression Systems
- Air Blown Evaporators
- Eutectic Devices
Global Refrigerated Transport Market, By Temperature
- Single Temperature
- Multi-temperature
Global Refrigerated Transport Market, By Application
- Chilled Food Products
- Milk, Bakery & Confectionery Products
- Dairy Products
- Beverages
- Fresh Fruits & Vegetables
- Frozen Food Products
- Ice Cream
- Frozen Dairy Products
- Processed Meat
- Fish & Sea Food
- Bakery Products
Global Refrigerated Transport Market, By Geography
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Companies Insights
- China International Marine Containers (Group) Ltd.
- Daikin Industries, Ltd.
- Great Dane Trailers, Inc.
- HYUNDAI Translead
- Ingersoll-Rand PLC (Thermo King)
- Lamberet SAS
- Mitsubishi Heavy Industries, Ltd.
- Schmitz Cargobull AG
- Singamas Container Holdings Limited
- United Technologies Corporation (Carrier Corporation)
- Utility Trailer Manufacturing Company
- Wabash National Corporation
- Vehicle Works Bernard Krone Gmbh & Co. KG.

Product Code: CMI920

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Snapshot Market, By Transport Type
- Snapshot Market, By Technology
- Snapshot Market, By Temperature
- Snapshot Market, By Application
- Snapshot Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
  - Greater Demand for Frozen & Perishable Goods.
  - Significant growth in the food and beverage industry
- Restraints
  - Transportation Infrastructure Is Being Impacted By Climate Change.
  - High Capital Investment & Energy Costs.
- Opportunities
  - Utilization of Intermodal Transport to Save Fuel Cost.
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario

4. Global Refrigerated Transport Market, By Transport Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Refrigerated Road Transport
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
  - Refrigerated Light Commercial Vehicles (LCV)
  - Refrigerated Medium & Heavy Commercial Vehicles (MHCV)
  - Refrigerated Heavy Commercial Vehicles (HCV)
Refrigerated Sea Transport
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Refrigerated Rail Transport
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Refrigerated Air Transport
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Refrigerated Transport Market, By Technology, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Vapor Compression Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Air Blown Evaporators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Eutectic Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Refrigerated Transport Market, By Temperature, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Single Temperature
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Multi-temperature
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

7. Global Refrigerated Transport Market, By Application, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Chilled Food Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
  - Milk, Bakery & Confectionery Products
  - Dairy Products
  - Beverages
  - Fresh Fruits & Vegetables
Frozen Food Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
  - Ice Cream
  - Frozen Dairy Products
  - Processed Meat
  - Fish & Sea Food
  - Bakery Products

8. Global Refrigerated Transport Market, By Region, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021-2032
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Transport Type, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Temperature, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Transport Type, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Temperature, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Transport Type, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Temperature, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Transport Type, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Temperature, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Transport Type, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Temperature, 2020-2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)

9. Competitive Landscape

China International Marine Containers (Group) Ltd.
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Daikin Industries, Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Great Dane Trailers, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
HYUNDAI Translead,
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ingersoll-Rand PLC (Thermo King)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Lamberet SAS
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitsubishi Heavy Industries, Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Schmitz Cargobull AG,
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Singamas Container Holdings Limited,
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
United Technologies Corporation (Carrier Corporation)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Utility Trailer Manufacturing Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Wabash National Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Vehicle Works Bernard Krone Gmbh & Co. KG.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Analyst Views

10. Section

Research Methodology
About us