Refrigerated Transport Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Refrigerated Transport Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Refrigerated Transport Market Size (2025E): US$ 138.1 Bn
Projected Market Value (2032F): US$ 228.4 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 7.5%

Refrigerated Transport Market - Report Scope:

The refrigerated transport market encompasses the transportation of temperature-sensitive goods through specially designed vehicles equipped with refrigeration units. These include products like food, pharmaceuticals, and chemicals that require a controlled environment to maintain quality and safety. Increasing global trade in perishable goods, heightened demand for fresh produce, and stringent food safety regulations are significantly driving the adoption of refrigerated transport solutions. The market is also benefiting from technological advancements in refrigeration systems, telematics, and fleet monitoring, ensuring efficient and reliable cold chain logistics.

Market Growth Drivers:

The global refrigerated transport market is experiencing robust growth driven by several critical factors. The rising demand for temperature-controlled logistics, especially in the food and pharmaceutical sectors, is a primary growth catalyst. Increasing consumption of perishable foods such as dairy, fruits, vegetables, meat, and seafood, coupled with expanding international trade, necessitates advanced cold chain infrastructure. Furthermore, the rapid growth of the pharmaceutical industry, particularly in the distribution of temperature-sensitive vaccines and biologics, has created additional demand for reliable refrigerated transport. The expansion of e-commerce and online grocery delivery services is also contributing significantly to market growth, as consumers expect timely delivery of fresh and frozen products.

Market Restraints:

Despite its growth potential, the refrigerated transport market faces several challenges that could impede its expansion. High initial investments required for refrigerated vehicle fleets and cold storage infrastructure can act as a barrier, particularly for small and medium logistics providers. Additionally, the maintenance and operational costs associated with temperature-controlled systems are relatively high. Regulatory compliance concerning emissions and refrigerants also presents hurdles for fleet operators, requiring ongoing upgrades and system modifications. Limited cold chain infrastructure in developing regions further restricts market penetration and efficiency.

Market Opportunities:

Ample opportunities exist within the refrigerated transport market, particularly driven by innovation and regional expansion. Technological advancements in energy-efficient refrigeration systems, including fully electrified and hybrid models, are expected to open new growth avenues. Emerging economies in Asia-Pacific, Latin America, and Africa present untapped potential, given their increasing urbanization, rising middle-class income, and growing demand for quality food and healthcare products. Additionally, the growing emphasis on sustainability and the adoption of eco-friendly refrigerants offer opportunities for companies to differentiate themselves in the market. Strategic collaborations with food producers, pharmaceutical companies, and retail chains can also help refrigerated transport providers enhance service delivery and gain competitive advantage.

Key Questions Answered in the Report:

What are the primary factors driving the global refrigerated transport market's growth?
Which regions and segments are expected to offer the highest growth potential?
How is technology influencing innovations in refrigerated transport?
Who are the leading players in the market, and what strategies are they employing?
What trends will shape the future of refrigerated transport?

Competitive Intelligence and Business Strategy:

Leading companies in the global refrigerated transport market, such as C. R. England Inc., J. B. Hunt Transport Services, Inc., Swift Transportation Co., Schneider National, Inc., and Kuehne + Nagel, are investing heavily in fleet modernization, advanced refrigeration technology, and digital monitoring systems. Companies are focusing on reducing fuel consumption and adopting greener refrigerants to meet regulatory standards and sustainability goals. Strategic partnerships with producers and retailers, as well as investment in regional cold chain networks, are key tactics being employed to expand market reach. Innovation in fully electrified and hybrid refrigeration vehicles is also becoming a core component of long-term growth strategies.

Companies Covered in This Report:

C. R. England Inc.
J. B. Hunt Transport Services, Inc.
Swift Transportation Co.
Schneider National, Inc.
Great Dane LLC
C.H. Robinson Worldwide, Inc.
Fenagy
Kuehne + Nagel
SolarFreeze
Wabash National Corporation
Daikin Industries, Ltd.

Market Segmentation:

By Technology

Air-blown Evaporators
Eutectic
Hybrid
Fully Electrified

By Mode of Transport

Road
Air
Sea
Railway

By Temperature Range

Chilled
Frozen
Deep Frozen

By Application

Food and Beverages
Pharmaceuticals
Others

By Region

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP35404

1. Executive Summary

1.1. Global Refrigerated Transport Market Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Key Trends
2.3. Macro-economic Factors
- 2.3.1. Trade Policies and Tariffs
- 2.3.2. Economic Recovery Post-pandemic
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Mode of Transport Adoption Analysis
3.2. Regulatory Landscape
3.3. Value Chain Analysis
3.4. PESTLE Analysis
3.5. Porter's Five Force Analysis

4. Price Analysis, 2025A

4.1. Key Highlights
4.2. Key Factors Impacting Technology Costs
4.3. Pricing Analysis, By Mode of Transport

5. Global Refrigerated Transport Market Outlook

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) and Volume (Units) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2024
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2025-2032
5.3. Global Refrigerated Transport Market Outlook: Technology
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Technology, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
  - 5.3.3.1. Air-blown Evaporators
  - 5.3.3.2. Eutectic
  - 5.3.3.3. Hybrid
  - 5.3.3.4. Fully Electrified
- 5.3.4. Market Attractiveness Analysis: Technology
5.4. Global Refrigerated Transport Market Outlook: Mode of Transport
- 5.4.1. Introduction / Key Findings
- 5.4.2. Historical Market Size (US$ Bn) Analysis, By Mode of Transport, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Transport, 2025-2032
  - 5.4.3.1. Road
  - 5.4.3.2. Air
  - 5.4.3.3. Sea
  - 5.4.3.4. Railway
- 5.4.4. Market Attractiveness Analysis: Mode of Transport
5.5. Global Refrigerated Transport Market Outlook: Temperature Range
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Temperature Range, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Temperature Range, 2025-2032
  - 5.5.3.1. Chilled
  - 5.5.3.2. Frozen
  - 5.5.3.3. Deep Frozen
- 5.5.4. Market Attractiveness Analysis: Temperature Range
5.6. Global Refrigerated Transport Market Outlook: Application
- 5.6.1. Introduction / Key Findings
- 5.6.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019-2024
- 5.6.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
- 5.6.4. Food and Beverage
  - 5.6.4.1. Fruits and Vegetables
  - 5.6.4.2. Dairy Products
  - 5.6.4.3. Fruit Pulp and Concentrates
  - 5.6.4.4. Fish, Meat, and Seafood
  - 5.6.4.5. Processed Food
  - 5.6.4.6. Bakery and Confectionery
  - 5.6.4.7. Others
- 5.6.5. Pharmaceuticals
  - 5.6.5.1. Vaccines
  - 5.6.5.2. Blood Banking
  - 5.6.5.3. Others
- 5.6.6. Others
- 5.6.7. Market Attractiveness Analysis: Application

6. Global Refrigerated Transport Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Refrigerated Transport Market Outlook

7.1. Key Highlights
7.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 7.2.1. By Country
- 7.2.2. By Technology
- 7.2.3. By Mode of Transport
- 7.2.4. By Temperature Range
- 7.2.5. By Application
7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
- 7.4.1. Air-blown Evaporators
- 7.4.2. Eutectic
- 7.4.3. Hybrid
- 7.4.4. Fully Electrified
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Transport, 2025-2032
- 7.5.1. Road
- 7.5.2. Air
- 7.5.3. Sea
- 7.5.4. Railway
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Temperature Range, 2025-2032
- 7.6.1. Chilled
- 7.6.2. Frozen
- 7.6.3. Deep Frozen
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
- 7.7.1. Food and Beverage
  - 7.7.1.1. Fruits and Vegetables
  - 7.7.1.2. Dairy Products
  - 7.7.1.3. Fruit Pulp and Concentrates
  - 7.7.1.4. Fish, Meat, and Seafood
  - 7.7.1.5. Processed Food
  - 7.7.1.6. Bakery and Confectionery
  - 7.7.1.7. Others
- 7.7.2. Pharmaceuticals
  - 7.7.2.1. Vaccines
  - 7.7.2.2. Blood Banking
  - 7.7.2.3. Others
- 7.7.3. Others
7.8. Market Attractiveness Analysis

8. Europe Refrigerated Transport Market Outlook

8.1. Key Highlights
8.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 8.2.1. By Country
- 8.2.2. By Technology
- 8.2.3. By Mode of Transport
- 8.2.4. By Temperature Range
- 8.2.5. By Application
8.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Turkey
- 8.3.8. Rest of Europe
8.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
- 8.4.1. Air-blown Evaporators
- 8.4.2. Eutectic
- 8.4.3. Hybrid
- 8.4.4. Fully Electrified
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Transport, 2025-2032
- 8.5.1. Road
- 8.5.2. Air
- 8.5.3. Sea
- 8.5.4. Railway
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Temperature Range, 2025-2032
- 8.6.1. Chilled
- 8.6.2. Frozen
- 8.6.3. Deep Frozen
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
- 8.7.1. Food and Beverage
  - 8.7.1.1. Fruits and Vegetables
  - 8.7.1.2. Dairy Products
  - 8.7.1.3. Fruit Pulp and Concentrates
  - 8.7.1.4. Fish, Meat, and Seafood
  - 8.7.1.5. Processed Food
  - 8.7.1.6. Bakery and Confectionery
  - 8.7.1.7. Others
- 8.7.2. Pharmaceuticals
  - 8.7.2.1. Vaccines
  - 8.7.2.2. Blood Banking
  - 8.7.2.3. Others
- 8.7.3. Others
8.8. Market Attractiveness Analysis

9. East Asia Refrigerated Transport Market Outlook

9.1. Key Highlights
9.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 9.2.1. By Country
- 9.2.2. By Technology
- 9.2.3. By Mode of Transport
- 9.2.4. By Temperature Range
- 9.2.5. By Application
9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
- 9.4.1. Air-blown Evaporators
- 9.4.2. Eutectic
- 9.4.3. Hybrid
- 9.4.4. Fully Electrified
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Transport, 2025-2032
- 9.5.1. Road
- 9.5.2. Air
- 9.5.3. Sea
- 9.5.4. Railway
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Temperature Range, 2025-2032
- 9.6.1. Chilled
- 9.6.2. Frozen
- 9.6.3. Deep Frozen
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
- 9.7.1. Food and Beverage
  - 9.7.1.1. Fruits and Vegetables
  - 9.7.1.2. Dairy Products
  - 9.7.1.3. Fruit Pulp and Concentrates
  - 9.7.1.4. Fish, Meat, and Seafood
  - 9.7.1.5. Processed Food
  - 9.7.1.6. Bakery and Confectionery
  - 9.7.1.7. Others
- 9.7.2. Pharmaceuticals
  - 9.7.2.1. Vaccines
  - 9.7.2.2. Blood Banking
  - 9.7.2.3. Others
- 9.7.3. Others
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Refrigerated Transport Market Outlook

10.1. Key Highlights
10.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 10.2.1. By Country
- 10.2.2. By Technology
- 10.2.3. By Mode of Transport
- 10.2.4. By Temperature Range
- 10.2.5. By Application
10.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
10.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
- 10.4.1. Air-blown Evaporators
- 10.4.2. Eutectic
- 10.4.3. Hybrid
- 10.4.4. Fully Electrified
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Transport, 2025-2032
- 10.5.1. Road
- 10.5.2. Air
- 10.5.3. Sea
- 10.5.4. Railway
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Temperature Range, 2025-2032
- 10.6.1. Chilled
- 10.6.2. Frozen
- 10.6.3. Deep Frozen
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
- 10.7.1. Food and Beverage
  - 10.7.1.1. Fruits and Vegetables
  - 10.7.1.2. Dairy Products
  - 10.7.1.3. Fruit Pulp and Concentrates
  - 10.7.1.4. Fish, Meat, and Seafood
  - 10.7.1.5. Processed Food
  - 10.7.1.6. Bakery and Confectionery
  - 10.7.1.7. Others
- 10.7.2. Pharmaceuticals
  - 10.7.2.1. Vaccines
  - 10.7.2.2. Blood Banking
  - 10.7.2.3. Others
- 10.7.3. Others
10.8. Market Attractiveness Analysis

11. Latin America Refrigerated Transport Market Outlook

11.1. Key Highlights
11.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 11.2.1. By Country
- 11.2.2. By Technology
- 11.2.3. By Mode of Transport
- 11.2.4. By Temperature Range
- 11.2.5. By Application
11.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
11.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
- 11.4.1. Air-blown Evaporators
- 11.4.2. Eutectic
- 11.4.3. Hybrid
- 11.4.4. Fully Electrified
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Transport, 2025-2032
- 11.5.1. Road
- 11.5.2. Air
- 11.5.3. Sea
- 11.5.4. Railway
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Temperature Range, 2025-2032
- 11.6.1. Chilled
- 11.6.2. Frozen
- 11.6.3. Deep Frozen
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
- 11.7.1. Food and Beverage
  - 11.7.1.1. Fruits and Vegetables
  - 11.7.1.2. Dairy Products
  - 11.7.1.3. Fruit Pulp and Concentrates
  - 11.7.1.4. Fish, Meat, and Seafood
  - 11.7.1.5. Processed Food
  - 11.7.1.6. Bakery and Confectionery
  - 11.7.1.7. Others
- 11.7.2. Pharmaceuticals
  - 11.7.2.1. Vaccines
  - 11.7.2.2. Blood Banking
  - 11.7.2.3. Others
- 11.7.3. Others
11.8. Market Attractiveness Analysis

12. Middle East & Africa Refrigerated Transport Market Outlook

12.1. Key Highlights
12.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 12.2.1. By Country
- 12.2.2. By Technology
- 12.2.3. By Mode of Transport
- 12.2.4. By Temperature Range
- 12.2.5. By Application
12.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. Egypt
- 12.3.3. South Africa
- 12.3.4. Northern Africa
- 12.3.5. Rest of Middle East & Africa
12.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
- 12.4.1. Air-blown Evaporators
- 12.4.2. Eutectic
- 12.4.3. Hybrid
- 12.4.4. Fully Electrified
12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Transport, 2025-2032
- 12.5.1. Road
- 12.5.2. Air
- 12.5.3. Sea
- 12.5.4. Railway
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Temperature Range, 2025-2032
- 12.6.1. Chilled
- 12.6.2. Frozen
- 12.6.3. Deep Frozen
12.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025-2032
- 12.7.1. Food and Beverage
  - 12.7.1.1. Fruits and Vegetables
  - 12.7.1.2. Dairy Products
  - 12.7.1.3. Fruit Pulp and Concentrates
  - 12.7.1.4. Fish, Meat, and Seafood
  - 12.7.1.5. Processed Food
  - 12.7.1.6. Bakery and Confectionery
  - 12.7.1.7. Others
- 12.7.2. Pharmaceuticals
  - 12.7.2.1. Vaccines
  - 12.7.2.2. Blood Banking
  - 12.7.2.3. Others
- 12.7.3. Others
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2025
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. C. R. England Inc.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Technologys
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. J. B. Hunt Transport Services, Inc.
- 13.3.3. Swift Transportation Co.
- 13.3.4. Schneider National, Inc.
- 13.3.5. Great Dane LLC
- 13.3.6. C.H. Robinson Worldwide, Inc.
- 13.3.7. Fenagy
- 13.3.8. Kuehne + Nagel
- 13.3.9. SolarFreeze
- 13.3.10. Wabash National Corporation
- 13.3.11. Daikin Industries, Ltd.
- 13.3.12. Others

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

Refrigerated Transport Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032