Refrigerated Transport Market By Application (Chilled Food Products, Frozen Food Products); Road Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, , Refrigerated Rail Transport, Refrigerated Air Transport); Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices); Temperature (Single-Temperature, Multi-Temperature) and Geography: Global Market Size Estimates and Forecast (2022-2030)

Refrigerated Transport Market By Application (Chilled Food Products, Frozen Food Products); Road Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, , Refrigerated Rail Transport, Refrigerated Air Transport); Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices); Temperature (Single-Temperature, Multi-Temperature) and Geography: Global Market Size Estimates and Forecast (2022–2030)

The Refrigerated Transport Market crossed US$ 16.9 billion mark in 2022 and is expected to hit US$ 24.1 billion by 2030, recording a CAGR of 5.5% during the forecast period.

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Refrigerated Transport market with Surging demand for Growing Dmeand for  Frozen Perishable Commodities

The consumption pattern and consumer perception of frozen meals are changing as a result of a number of variables, including increased employment of women globally, the rapid impact of pandemics, an increase in hectic lifestyles, and the culture of working from home. With potential for expansion from rising markets including those in the Asia Pacific, South America, and Eastern Europe, the predicted rise of frozen foods is encouraging. When climatic circumstances have an impact on crop yield, frozen foods are preferable since they have a longer shelf life. Food producers work hard to offer consumers frozen, processed, and packaged meals at reasonable prices. The best way to transfer food from the farmer's market to the shop is to use freezing techniques since they make it more affordable, more accessible, and less likely that food would go bad. The demand for frozen foods is accelerating due to the expansion of service industries such fast food chains, quick service restaurants, and hypermarkets which is propelling the refrigerated transport market.

The Refrigerated Transport market is experiencing a rise in Chilled Food Aplication Segment

Due to the rising demand for convenience meals in these emerging economies of Asia Pacific, South America, and the Middle East, chilled food products are rapidly expanding and are predicted to experience significant growth rates. In addition, the growth of supermarkets and fast-food chains is anticipated to open up profitable opportunities for producers of chilled food products and companies that offer refrigerated transport services in the upcoming years.

Intermodal Transport To Save Fuel Cost  is one of the major factors accelerating Refrigerated Transport market growth.

Due to their improved performance levels and great productivity, battery-operated Refrigerated To reduce costs and improve supply chain efficiency, service providers are seeking for new methods for choosing between different modes of transportation. The usage of multimodal transportation is currently expanding in the food and beverage sector. Intermodal transportation uses several different modes of transportation to move perishable goods, primarily employing train shipments (trucks, ships, and air). Reefer containers are used in intermodal transportation as well. Due to the rising expense of fuel, chilled rail transportation is frequently employed. Companies have made significant investments in rail infrastructure and related technology, according to the Association of American Railroads (AAR), a Washington-based organisation. For instance, since 2000, Union Pacific Corporation, one of North America's top transportation firms, has invested more than USD 30 billion in its rail network, allowing for the construction or modernization of intermodal facilities and the development of a route structure that provides delivery services that are competitive with those provided by trucks. Such factors are influencing the growth of the refrigerated transport market.

Recent strategic developments in the Refrigerated Transport  market

The Refrigerated Transport market has undergone several significant developments, and a few of these have been mentioned below:

• In March 2022, With the introduction of Utility Connect, United Technologies Corporation collaborated with Phillips Connect. Utility's proprietary wire harness, which has been redesigned to function with the Phillips Connect Smart7 nosebox, is the foundation of the Utility Connect system. Utility saw the benefits of offering the best, corrosion-free harnesses that would smoothly and dependably connect to a variety of sensors for the lifetime of the trailer early on.

• In January 2022, Through a new partnership with ConMet, Carrier Corporation increased its electrification capabilities by adding wheel-based power generation, which harvests energy that would otherwise be lost during braking events. With the introduction of electric choices for trailer, truck, and light commercial vehicle clients by the end of 2022, the agreement also advances Carrier's broader zero-emission transport refrigeration solutions, which will aid in meeting forthcoming emissions rules.

Several players drive the refrigerated transport market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. China International Marine Containers Co., Ltd; Daikin Industries, Ltd.; Ingersoll-Rand Inc.; LAMBERET SAS; Schmitz Cargobull AG; Singamas Container Holdings Ltd; The Hyundai Motor Company; United Technologies Corporation; Utility Trailer Manufacturing Company; VEHICLE WORKS BERNARD KRONE GMBH & CO. KGare among the prominent players operating in the Refrigerated Transport market.

The target audience for the report:

• Food & beverage manufacturers
• Importer, exporter, and trader of agricultural commodities
• Government and research organizations
• Retail market players
• Cold chian players
• Marketing directors
• Key executives from various key companies and organizations in refrigerated transport market

Scope of the report:

In this report, the market has been segmented based on:

• By Application:

• Chilled Food Products
• Frozen Food Products

• By Road Transportation :

• Refrigerated Road Transport
• Refrigerated Sea Transport
• Refrigerated Rail Transport
• Refrigerated Air Transport

• Technology:
  • Vapor Compression Systems
  • Air-Blown Evaporators
  • Eutectic Devices
• Temperature:
  • Single-temperature
  • Multi-Temeparture
• Region
  • North America
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  •   China International Marine Containers Co., Ltd
  •   Daikin Industries, Ltd.
  •   Ingersoll-Rand Inc.
  •   LAMBERET SAS
  •   Schmitz Cargobull AG
  •   Singamas Container Holdings Ltd
  •   The Hyundai Motor Company
  •   United Technologies Corporation
  •   Utility Trailer Manufacturing Company
  •   VEHICLE WORKS BERNARD KRONE GMBH & CO. KG.