Global Refrigerated Road Transport Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Transportation Mode;

LCV, MHCV and HCV.

By Cooling Type;

Chilled and Frozen.

By Technology;

Cryogenic Systems and Vapor Compression Systems.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn886896382 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Refrigerated Road Transport Market (USD Million), 2020 - 2030

In the year 2023, the Global Refrigerated Road Transport Market was valued at USD 19,297.85 million. The size of this market is expected to increase to USD 29,209.00 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.

The global refrigerated road transport market plays a critical role in ensuring the safe and efficient transportation of temperature-sensitive goods, ranging from perishable food products to pharmaceuticals and chemicals. Refrigerated trucks, also known as reefers, are equipped with specialized cooling systems that maintain precise temperature control throughout the transportation process, preserving the quality and integrity of perishable cargo. As the demand for fresh and frozen goods continues to grow worldwide, driven by changing consumer preferences, globalization of supply chains, and advancements in food technology, the refrigerated road transport market has become increasingly indispensable in facilitating the seamless flow of perishable goods across local, regional, and international markets.

One of the key drivers propelling the growth of the global refrigerated road transport market is the expanding global trade in perishable commodities. With the rise of international food trade and the increasing demand for fresh and frozen products year-round, manufacturers, retailers, and distributors rely heavily on refrigerated trucks to transport goods safely and efficiently across vast distances. Refrigerated road transport plays a vital role in connecting producers with consumers, allowing perishable goods to reach distant markets in a timely and cost-effective manner, while maintaining optimal quality and safety standards.

The growing emphasis on food safety, quality, and traceability has heightened the importance of refrigerated road transport in ensuring the integrity of perishable goods throughout the supply chain. Stringent regulations and standards governing the handling and transportation of temperature-sensitive products have placed greater scrutiny on the logistics practices of food producers, distributors, and retailers. Refrigerated trucks equipped with advanced temperature monitoring and tracking systems provide stakeholders with real-time visibility and control over the conditions of their cargo, allowing them to comply with regulatory requirements, mitigate risks, and safeguard the health and well-being of consumers.

Technological advancements and innovations in refrigeration systems, vehicle design, and telematics solutions are driving the evolution of the global refrigerated road transport market. Manufacturers are developing more energy-efficient and environmentally sustainable refrigeration units, as well as incorporating smart sensors, IoT connectivity, and predictive analytics capabilities into refrigerated trucks to optimize temperature management, reduce fuel consumption, and enhance operational efficiency. These technological advancements are revolutionizing the cold chain logistics industry, enabling logistics providers to meet the evolving needs of customers, minimize product loss, and maximize the shelf life of perishable goods during transit.

In summary, the global refrigerated road transport market is a critical enabler of the modern cold chain logistics industry, facilitating the safe, reliable, and efficient transportation of perishable goods across local, regional, and international markets. As the demand for fresh and frozen products continues to rise, driven by changing consumer preferences and globalization of supply chains, the refrigerated road transport market is poised for continued growth and innovation, playing an essential role in ensuring food safety, quality, and availability for consumers worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Transportation Mode
    2. Market Snapshot, By Cooling Type
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Region
  4. Global Refrigerated Road Transport Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Perishable Goods

        2. Food Safety Regulations

        3. Globalization of Supply Chains

        4. Increasing Demand for Fresh Produce

      2. Restraints
        1. High Initial Investment

        2. Operating Costs

        3. Maintenance and Repair Expenses

        4. Fuel Consumption

      3. Opportunities
        1. Cold Chain Logistics

        2. Temperature-controlled Warehousing

        3. Pharmaceutical Distribution

        4. Fresh Food Delivery

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Refrigerated Road Transport Market, By Transportation Mode, 2020 - 2030 (USD Million)
      1. LCV
      2. MHCV
      3. HCV
    2. Global Refrigerated Road Transport Market, By Cooling Type, 2020 - 2030 (USD Million)
      1. Chilled
      2. Frozen
    3. Global Refrigerated Road Transport Market, By Technology, 2020 - 2030 (USD Million)
      1. Cryogenic Systems
      2. Vapor Compression Systems
    4. Global Refrigerated Road Transport Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. China International Marine Containers (Group) Ltd.
      2. Daikin Industries, Ltd.
      3. Hyundai Motor Company
      4. Ingersoll-Rand PLC (Thermo King)
      5. Lamberet SAS
      6. Schmitz Cargobull AG
      7. Singamas Container Holdings Limited
      8. United Technologies Corporation (Carrier Corporation)
      9. Utility Trailer Manufacturing Compan
      10. Wabash National Corporation
  7. Analyst Views
  8. Future Outlook of the Market

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