Market Research Report
Refrigerated Transport Market 2020-2026
|Refrigerated Transport Market 2020-2026|
Published: June 29, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global Refrigerated Transport Market Size, Share & Trends Analysis Report by Mode of Transportation (Road, Sea, Rail, and Air), and By Application (Food & Beverages, Chemical, Pharmaceutical and Others), and Forecast 2020-2026
The global refrigerated transport market is predicted to grow at a significant CAGR during the forecast period. The primary factors that drive the growth of the market include the benefit offered by it, such as safety, compliance, and basic supply and demand. Several industries rely on refrigerated transport for the transfer of the products. Shippers of perishable products primarily rely on these services, as it prevents the product from deteriorating and damaging. Medical &pharmaceutical products, food &beverages, and chemicals, among many others are transported through refrigerated trucking. Thus, an upsurge in these industries along with their trade services is the factor that drives the growth of the market during the forecast period.
The refrigerated transport market is segmented on the basis of mode of transportation, and applications. Based on the mode of transportation, the market is segmented intoroad, sea, rail, and air. The road transport segment holds a significant market share. Based on the application, the market is sectioned intofood&beverages, chemical, pharmaceutical, and others. The food &beverages segments hold a significant market share.
Geographically, the study of the global refrigerated transportmarket report covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and the Rest of the World. Asia-Pacific is estimated to exhibit a significant growth rate in the global refrigerated transportmarket during the forecast period.
Further, China International Marine Containers Co. Ltd., Daikin Industries Ltd., Klinge Corp., Hyundai Motor Co., Ingersoll-Rand Plc, Schmitz Cargobull AG, and United Technologies Corp. among othersare some of the prominent players operatingin the global refrigerated transport market.
The market study of the global refrigerated transport market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for refrigerated vehicle manufacturing companies, refrigerated transport service providers, food manufacturing companies, processes food manufacturers, research institutes, government bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
The Report Covers: