NEW
YORK, July 4, 2024 /PRNewswire/ -- The
global refrigerated transportation market size is
estimated to grow by USD
39.15 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 7.81%
during the forecast period. Rising consumption of frozen
food is driving market growth, with a trend
towards electrified trailer technologies. However, rising
fuel costs and energy consumption associated with refrigeration
systems poses a challenge. Key market players include Allen
Lund Co., Bernard KRONE Holding SE and Co. KG, Birkett Freight
Solutions, Carrier Global Corp., COSCO SHIPPING Holdings Co. Ltd.,
Daikin Industries Ltd., Envirotainer AB, Great Dane LLC, Hapag
Lloyd AG, Hyundai Motor Co., Knight Swift Transportation Holdings
Inc., LAMBERET SAS, Rinac India Ltd., Sartorius AG, Schmitz
Cargobull AG, Sdiptech AB, Singamas Container Holdings Ltd., Tata
Motors Ltd., Utility Trailer Manufacturing Co., and Wabash National
Corp..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Mode Of Transportation
(Land, Waterways, and Airways), Application (Chilled food and
Frozen food), and Geography (APAC, North America, Europe, South
America, and Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Allen Lund Co., Bernard
KRONE Holding SE and Co. KG, Birkett Freight Solutions, Carrier
Global Corp., COSCO SHIPPING Holdings Co. Ltd., Daikin Industries
Ltd., Envirotainer AB, Great Dane LLC, Hapag Lloyd AG, Hyundai
Motor Co., Knight Swift Transportation Holdings Inc., LAMBERET SAS,
Rinac India Ltd., Sartorius AG, Schmitz Cargobull AG, Sdiptech AB,
Singamas Container Holdings Ltd., Tata Motors Ltd., Utility Trailer
Manufacturing Co., and Wabash National Corp.
|
Key Market Trends Fueling Growth
The refrigerated transportation market is witnessing a shift
towards electrification as temperature-controlled trailer
manufacturers explore more efficient and sustainable solutions.
Carrier Transicold's eCool, an all-electric, engineless trailer
system, uses E-Drive technology to capture and store kinetic energy
and power the refrigeration unit. Schmitz's S.CUe trailer features
an electric cooling unit and an electronically controlled generator
axle with energy recovery. These electrified trailer technologies
not only decrease emissions but also reduce noise pollution, making
them suitable for various applications, from small refrigerated
vans to large trailers. In 2020, Tesco PLC added 30 new
zero-emission electric vans with Thermo King E-200 refrigeration
units to its fleet. The growing adoption of electrification in
refrigerated transportation is expected to drive market growth
during the forecast period.
The Refrigerated Transportation Market encompasses various
sectors including refrigerated freight, frozen food transport,
dairy transportation, meat transportation, seafood transportation,
pharmaceutical cold chain, healthcare logistics, and
temperature-sensitive cargo. Reefer trucks, containers, rail
transport, air transport, cargo ships, and logistics technology are
essential components of this market. Cold chain monitoring and
temperature monitoring systems ensure the quality of refrigerated
cargo. Regulations and standards govern refrigerated transport,
presenting challenges that require innovative solutions. Perishable
goods handling, controlled atmosphere transport, and
temperature-controlled logistics are key trends. Refrigerated
logistics providers offer cold chain management and distribution
services. Overall, the Refrigerated Transportation Market focuses
on efficiently moving temperature-controlled cargo, ensuring its
quality and freshness from origin to destination.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The
refrigerated transportation market confronts substantial challenges
due to escalating fuel prices and energy consumption. Refrigeration
systems, which are energy-intensive, are essential for maintaining
the appropriate temperature for perishable goods during transport.
The increasing cost of electricity and fuel significantly impacts
operational expenses, thereby decreasing profit margins for
businesses involved in cold chain logistics. Moreover, the
environmental implications of heightened energy usage add to the
concerns, making sustainability a crucial consideration. In
response, industry participants are focusing on energy-efficient
technologies, alternative fuels, and advanced insulation materials
to mitigate these challenges. Consequently, the rising fuel costs
and energy consumption related to refrigeration systems pose a
substantial barrier to the expansion of the global refrigerated
transportation market in the forecast period.
• Refrigerated
transportation plays a crucial role in moving temperature-sensitive
cargo such as frozen food, dairy, meat, seafood, pharmaceuticals,
and healthcare logistics. Challenges in this market include
ensuring proper temperature control in reefer trucks, containers,
rail transport, air transport, cargo ships, and warehouses.
Regulations and standards for refrigerated transport are essential
to maintain the quality and safety of perishable goods. Innovations
in refrigeration equipment, logistics technology, and cold chain
monitoring systems help address these challenges. Solutions like
controlled atmosphere transport, temperature-controlled
distribution, and cold storage logistics are gaining popularity.
Refrigerated logistics providers offer integrated services, from
production to delivery, to ensure efficient and effective cold
chain management. Despite these advancements, managing the complex
refrigerated supply chain remains a significant challenge.
Continuous improvements in refrigerated logistics trends and
technologies will be key to overcoming these challenges and
ensuring the timely and safe delivery of temperature-sensitive
cargo.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This refrigerated transportation market report extensively
covers market segmentation by
- Mode Of Transportation
- 1.1 Land
- 1.2 Waterways
- 1.3 Airways
- Application
- 2.1 Chilled food
- 2.2 Frozen food
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Land-
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
Refrigerated transportation, also known as
temperature-controlled logistics, is a critical segment of the
global supply chain that ensures the safe and efficient movement of
perishable goods, including fresh food, seafood, pharmaceuticals,
and other temperature-sensitive cargo. This market encompasses
various modes of transportation, such as refrigerated trucks,
reefer containers, and refrigerated rail transport, which maintain
specific temperature ranges to preserve the quality and integrity
of the goods. The challenges in refrigerated transportation include
maintaining consistent temperatures, ensuring regulatory
compliance, and addressing the increasing demand for sustainable
and cost-effective solutions. Innovations in transport
refrigeration, such as advanced insulation materials, renewable
energy sources, and real-time temperature monitoring systems, are
helping to address these challenges and drive growth in the market.
Other key areas of focus include the development of refrigerated
shipping and the expansion of the pharmaceutical cold chain and
healthcare logistics sectors. Overall, the refrigerated
transportation market is expected to continue growing due to the
increasing demand for fresh and high-quality products, as well as
the need for reliable and efficient temperature-controlled
logistics solutions.
Market Research Overview
Refrigerated transportation, also known as
temperature-controlled logistics, is a critical sector that ensures
the safe and efficient movement of perishable goods, including
fresh food, pharmaceuticals, and other temperature-sensitive cargo.
This market encompasses various services such as cold chain
transportation, chilled and frozen transportation, refrigerated
shipping, and warehousing. Refrigerated trucks, containers, rail
transport, air transport, and cargo ships are common modes of
transport used in this industry. Cold storage logistics and
refrigerated warehousing provide essential support to the supply
chain, ensuring the maintenance of optimal temperatures.
Refrigerated logistics providers offer comprehensive solutions for
cold chain management, including temperature monitoring systems,
refrigeration equipment, and transport refrigeration. Regulations
and standards play a significant role in ensuring the safe and
efficient movement of refrigerated cargo, while challenges and
solutions continue to evolve with innovations in technology and
logistics trends. Perishable goods handling, including controlled
atmosphere transport, is a crucial aspect of this market, serving
various industries such as dairy, meat, seafood, and healthcare
logistics.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Mode Of Transportation
-
- Application
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
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/
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SOURCE Technavio