Refrigerated Transport Market
Dublin, June 25, 2024 (GLOBE NEWSWIRE) — The “Refrigerated Transport Market – Forecasts from 2024 to 2029” report has been added to ResearchAndMarkets.com’s providing.
The refrigerated transport market is projected to develop at a CAGR of seven.76% from US$109.098 billion in 2022 to US$184.108 billion in 2029 through the forecast interval.
The refrigerated transport market is pushed by the rising demand for packaged or frozen meals & beverage merchandise globally among the many common public. A number of improvements have been made within the expertise for the refrigerated transport trade that make the logistics of transferring the products that should be maintained at sure temperatures straightforward to move throughout long-range distances with out spoiling the product.
The demand for packaged meals merchandise is rising globally because of the comfort and ease of cooking and disposal nature of the product which saves a whole lot of time for the shopper on this hectic world the place time is of the essence.
REFRIGERATED TRANSPORT MARKET DRIVERS:
Progress in demand for packaged and frozen meals merchandise throughout the globe is predicted to propel the market.
The demand for packaged meals or frozen meals has seen important progress through the years. These packaged meals are already processed and should be maintained at sure temperatures to keep away from them getting spoiled and enhance their shelf-life whereas they’re being transported throughout totally different long-range distances. Refrigerated transport is the answer for this as it may well keep the required temperature of the processed meals utilizing the fridge expertise put in within the mode of transport after which ship the meals as recent because it was initially when began the transport of the packaged meals.
The rise in commerce for processed meals throughout totally different areas can be anticipated to considerably increase the marketplace for refrigerated transport over the forecast interval. For example, in India, the share of processed meals exports in agri-exports has elevated considerably from 13.7% in 2014-15 to 25.6% in 2022-23.
The rising technological developments are projected to drive the refrigerated transport market.
The rising technological developments in refrigerated transport expertise are a contributing issue to the rising demand for them available in the market and are to be adopted by key gamers which are transporting refrigerated items throughout long-range distances to ship them effectively. These technological developments are made to guard the products from the cruel atmosphere and guarantee their security whether or not they’re meals merchandise or some pharmaceutical medicines that should be maintained at sure temperatures.
These superior applied sciences can regulate to the necessities of various industries wants in keeping with the merchandise. Furthermore, these superior applied sciences assist in decreasing waste and environmental influence by decreasing the carbon footprint. Therefore, these developments within the applied sciences for refrigerated transport are anticipated to propel progress available in the market over the forecast interval.
REFRIGERATED TRANSPORT MARKET RESTRAINT:
Excessive-cost necessities and the chance of malfunctioning can restrain market progress
The refrigerated transport market, regardless of having an essential function in enhancing the transport providers of refrigerated items reminiscent of fruit and veggies throughout long-range distances with out them getting broken or spoiled, can result in numerous challenges that may be confronted by the producers of those refrigerated providers which will influence the refrigerated transport market negatively over the forecast interval.
For example, the high-cost requirement for refrigerated transport service suppliers for heavy-duty tools and the associated fee for the ability consumption of those tools could make these service suppliers uncertain about adopting these tools and negatively influence the market. The chance associated to malfunctioning of this fridge tools through the cargo course of can even value so much to each enterprise house owners and repair suppliers, and the common service and upkeep for this tools might result in high-cost necessities which are predicted to hinder the refrigerated transport market over the forecast interval.
REFRIGERATED TRANSPORT MARKET – GEOGRAPHICAL OUTLOOK
The expansion is projected to be distinguished within the European area.
The European area is predicted to point out main progress within the refrigerated transport market because of the speedy progress in manufacturing and demand of frozen meals merchandise among the many common public in a number of international locations throughout the European area with the federal government insurance policies that promote hygiene and strict laws concerning the freshness of the meals merchandise which is to be complied with by the frozen meals merchandise firms. Moreover, these frozen meals are straightforward and handy for patrons to prepare dinner and deal with; therefore, their demand is rising, which in flip is predicted to propel progress within the European marketplace for refrigerated transport.
Furthermore, the rising developments within the expertise of refrigerated programs and transport during which items are to be traveled coupled with main meals producers within the European area which are increasing their companies from native retailers to complete meals market throughout the European area are the contributing components which are anticipated to spice up the refrigerated market within the European area over the forecast interval.
Key Attributes:
Report Attribute |
Particulars |
No. of Pages |
140 |
Forecast Interval |
2022 – 2029 |
Estimated Market Worth (USD) in 2022 |
$109.1 Billion |
Forecasted Market Worth (USD) by 2029 |
$184.11 Billion |
Compound Annual Progress Price |
7.7% |
Areas Lined |
International |
Firm Profiles
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Coldman Logistics
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Coldrush Logistics
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AGI International Logistics
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DFDS
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NT Logistics
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Reema Transport
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Girteka
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Hitech Refrigeration Providers
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American Transport Group, LLC
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OFE Refrigerated Transport
Market Segmentation
By Expertise
By Product
By Mode of Transportation
By Geography
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North America
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United States
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Canada
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Mexico
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South America
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Brazil
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Argentina
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Others
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Europe
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United Kingdom
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Germany
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France
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Italy
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Spain
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Others
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Center East and Africa
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Saudi Arabia
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UAE
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Others
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Asia Pacific
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Japan
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China
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India
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South Korea
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Taiwan
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Thailand
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Indonesia
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Others
For extra details about this report go to https://www.researchandmarkets.com/r/yefhis
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