Market Overview

Refrigerated transportation also called as reefer freight. It is a method for shipping freight that requires temperature-controlled vehicles. The vehicle is used for refrigerated transportation that stores the products at the desired temperature during the transportation process.

Global refrigerated transport market was valued at US$ 15.8 billion in 2018 and is expected to exhibit a CAGR of 6.32% over the forecast period (2019-2027), and expected to reach US$ 27.21 billion by 2027. Growing demand for efficient distribution of perishable goods such as dairy products, beverages, processed meat, poultry products, ice cream, fruits, and other edible products, which may perish in the normal environmental conditions is expected to be one of the major factors that is expected to fuel growth of the refrigerated transport market over the forecast period.

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Market Dynamics

Increasing demand for multi temperature refrigerated units in vehicles is one the key factors propelling demand for mid and heavy commercial refrigerated vehicles, as multi temperature refrigerator have large space, which transports variety of goods such as fresh and frozen products such as beverages, fish, meat, fruits and vegetables, dairy products, and ice creams. Furthermore, increasing development of multi temperature based heavy vehicles is expected to drive growth of the segment. For instance, in 2018, Carrier Transicold at the Distribution Solutions Conference of the International Foodservice Distributors Association, introduced Vector 8611MT a multi-temperature trailer refrigeration unit, which holds two refrigerated compartments.

However, high installation cost of refrigeration is expected to restrain growth of the refrigerated transport market over the forecast period.

Detailed Segmentation:

Market Viewpoint:

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Global Refrigerated Transport Market, By Transport Type –Qualitative Insights

Refrigerated Road Transport

Refrigerated Light Commercial Vehicles (LCV)

Refrigerated Medium & Heavy Commercial Vehicles (MHCV)

Refrigerated Heavy Commercial Vehicles (HCV)

Refrigerated Sea Transport

Refrigerated Rail Transport

Refrigerated Air Transport

Global Refrigerated Transport Market, By Technology:

Vapor Compression Systems

Air Blown Evaporators

Eutectic Devices

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Some of the major players operating in the refrigerated transport market include China International Marine Containers (Group) Ltd., Daikin Industries, Ltd., Great Dane Trailers, Inc., HYUNDAI Translead, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Mitsubishi Heavy Industries, Ltd., Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Company, Wabash National Corporation, and Vehicle Works Bernard Krone Gmbh & Co. KG.

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