Global Refrigerated Road Transportation Market Overview:
Refrigerated road transport is an essential link in cold chains that aims to supply the consumer with safe, high-quality fish and fish products. Refrigeration enables fish and fish products to be transported long distances in a temperature-controlled environment which helps to maintain quality and prevent or slow down spoilage and hence prevent food loss and waste (FLW). The refrigerated road transportation market is set for sustained growth in the coming years. Businesses that adapt to changing trends, embrace technology, and prioritize efficiency will be well-positioned to capitalize on this growth opportunity. The future of the refrigerated road transportation market is bright, with significant potential for growth driven by increasing demand, technological advancements, and a focus on sustainability.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing demand for specialized equipment
Market Growth Drivers:
Increasing demand for temperature-sensitive pharmaceuticals and Growing demand for chilled and frozen products.
Challenges:
Skilled Labor Shortage
Restraints:
Limited Capacity for Payload
Opportunities:
Adoption of advanced technologies such as telematics, data analytics & IoT and Growing organized retail & e-commerce platform
Competitive Landscape:
The refrigerated road transportation market is expected to continue its growth trajectory, driven by increasing demand for perishable goods, globalization, and rising consumer expectations for fresh and safe food. Players who can adapt to changing trends, invest in innovation, and prioritize sustainability will be well-positioned to succeed in this competitive landscape.
Some of the key players profiled in the report are Thermo King (United States), Schmitz Cargobull AG (Germany), Lamberet (France), Tirre (Italy), Edscha Trailer Systems GmbH (Germany), Van Hool NV (Belgium), Chengde LOHAN Refrigerator Vehicle Industry Co., Ltd. (China), Hyundai Motor Company (South Korea), Isuzu Motors Limited (Japan) and Hyundai Translead (United States). Additionally, following companies can also be profiled that are part of our coverage like STI HOLDINGS, INC (United States), Lecitrailer (France), Edscha Trailer Systems GmbH (Germany), Dongfeng Special Vehicle Group Co., Ltd. (China) and Mac Trailer (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Refrigerated Road Transportation market by 2030. Considering Market by Temperature, the sub-segment i.e. Medium temperature (0-8°C) will boost the Refrigerated Road Transportation market. Considering Market by Vehicle Type, the sub-segment i.e. Low Commercial Vehicles will boost the Refrigerated Road Transportation market.
Latest Market Insights:
In January 2023, ChainCargo announced it has signed a strategic partnership agreement with Haven Ventures. This investment will provide substantial resources for ChainCargo’s growth ambitions. The partnership will serve to ramp up digitalisation development, expand into other European markets and enable ChainCargo to offer customers a full package of logistics services and continue the important journey to reduce the waste in logistics.
In November 2023, Daikin launched new full-electric and plug-in hybrid transport refrigeration lineup at SOLUTRANS in Lyon. Daikin's new electric and hybrid transport refrigeration solutions represent a significant advancement in the industry, promoting sustainability, efficiency, and improved cold chain management.
What Can be Explored with the Refrigerated Road Transportation Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Refrigerated Road Transportation Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Refrigerated Road Transportation
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Refrigerated Road Transportation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Refrigerated Road Transportation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Transportation & Logistics, Manufacturing companies, Market Research & Consultancy Firm, Government Bodies, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.