Global Refrigerated Transport Market Forecast Report by Mode of Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport) Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices, Cryogenic Systems) Temperature (Single Temperature, Multi-Temperature) Application (Chilled Food Products, Frozen Food Products, Others) Countries and Company Analysis, 2024-2032

Growth drivers of Refrigerated Transport Market

Increased Needs for Pharmaceuticals and Healthcare

The increase in the amount of electricity used in the refrigerated transport industry is also attributed to the pharmaceutical and healthcare sectors. Several significant factors, such as the aging of the world's population and the increase in chronic illnesses, are driving up demand for temperature-controlled goods like insulin, biologics, and vaccinations. The coronavirus pandemic explains the requirement for trustworthy temperature-controlled transportation to facilitate the prompt delivery of vaccinations and other medical supplies. Hospitals, pharmacies, and healthcare facilities all distribute these necessary medications. Therefore, transportation services must maintain precise temperature controls on schedule and safely. The current positive trend in the pharmaceutical and healthcare industries is also driven by this, which makes the need to offer these solutions even more pressing.

Technological Advances in Refrigeration Systems

The refrigerated transport industry is expanding faster because of newly developed innovative technologies. The development of refrigerators that run on electricity and solar power results in less energy waste and pollution released into the environment than devices that run on diesel. Additionally, innovative technology enables real-time monitoring of temperature, humidity, and vehicle position, ensuring that ideal conditions are met during the shipment of goods. These successes reduce the likelihood of perishing, polluting, or falling short of the required standard. Effective processes like predictive maintenance and route optimization, automation, and predictive analytics are essential in lowering input costs.

North America Refrigerated Transport Market

The United States, Canada, and Mexico are the regional markets for North America Refrigerated Transport. Of these, the United States accounted for a sizeable share of the refrigerated transport market in North America. Due to the development of technological web solutions, advancements in transportation and refrigeration systems, and a focus on implementing high-quality guidelines mandated by the public and private sectors, there is a general trend in the US food product market for retailers and manufacturers of food products to move from local service suppliers to larger pan-service suppliers.

The growth of the frozen food market in the United States is also expected to be significantly impacted by rising government spending in North American countries to develop the logistics and transportation sector, an increase in the region's population that consumes frozen foods, and an increase in disposable income. The increased usage of e-commerce in the U.S. food business is projected to support the demand for refrigerated transportation.

The largest and most creative supplier of temperature-controlled logistics solutions globally, Lineage Logistics Holdings, LLC, officially entered the Canadian market on July 31, 2020, when it successfully acquired Ontario Refrigerated Services, Inc. This well-known family-run cold storage business provides temperature-controlled space in Greater Toronto. To investigate the purchase of cold storage enterprises in North America, Lineage teamed up with CapCold Group Inc. on this project.

Refrigerated Transport Market Company Overview

Hyundai Motor Company, Singamas Container Holdings Limited, General Mills Inc., LAMBERET SAS, United Technologies Corporation, C. H. Robinson Worldwide, Inc., Daikin Industries Limited, FedEx Corporate Services, Inc., DB Schenker AG, Ingersoll Rand Inc., and Krone Commercial Vehicle Group are among the industry leaders in the Global Refrigerated Transport Market.

Global Refrigerated Transport Market News

In February 2024, A commercial alliance agreement was inked by Sumitomo Corporation and Orient Overseas Container Line Limited (OOCL) to offer chilled ocean transport. Electric field technology is used in shipping, preserving various commercial products' long-term freshness. The signatories hope to realize ocean transportation of non-freezing chilled products from remote regions and set a new benchmark for freshness-preserving logistics.

In February 2024, utilizing electric field technology, OOCL introduced a new refrigerated ocean service that maintains perishable goods' freshness while in transit across the ocean. To increase the areas where food is produced and maintain a steady supply of goods, the service makes long-term maritime transportation possible with little loss of quality. By satisfying the needs of areas looking to boost fresh food exports, OOCL hopes to diversify its supply locations, minimize food loss, and lower greenhouse gas emissions while promoting a steady supply of food items.

Mode of Transportation –Market breakup in 4 viewpoints:

1. Refrigerated Road Transport
2. Refrigerated Sea Transport   
3. Refrigerated Rail Transport   
4. Refrigerated Air Transport

Technology – Market breakup in 4 viewpoints:

1. Vapor Compression Systems
2. Air-Blown Evaporators
3. Eutectic Devices
4. Cryogenic Systems

Temperature – Market breakup in 2 viewpoints:

1. Single Temperature
2. Multi-Temperature

Application – Market breakup in 3 viewpoints:

1. Chilled Food Products
2. Frozen Food Products
3. Others

Country – Market breakup in 25 viewpoints:

North America

•    United States
•    Canada

Europe

•    France
•    Germany
•    Italy
•    Spain
•    United Kingdom
•    Belgium
•    Netherlands
•    Turkey

Asia Pacific

•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Thailand
•    Malaysia
•    Indonesia
•    New Zealand
•    Latin America

Brazil

•    Mexico
•    Argentina

Middle East & Africa

•    South Africa
•    Saudi Arabia
•    United Arab Emirates

All the Key players have been covered from 4 Viewpoints:

• Overview
• Recent Development & Strategies
• Product Portfolio
• Financial Insights

Company Analysis:

1. Hyundai Motor Company
2. Singamas Container Holdings Limited 
3. General Mills Inc.
4. LAMBERET SAS
5. United Technologies Corporation
6. H. Robinson Worldwide, Inc.
7. Daikin Industries Limited
8. FedEx Corporate Services, Inc.
9. DB Schenker AG
10. Ingersoll Rand Inc
11. Krone Commercial Vehicle Group

Report Details: