Refrigerated Transport Market by Product Type (Chilled and Frozen), Mode (Road, Sea, Rail, and Air), Vehicle Type (LCV, MHCV, and HCV), Technology (Vapor Compression Systems and Cryogenic Systems), and Region - Global forecast to 2022

The refrigerated transport market is estimated at 2.87 Billion Tons in 2016 and projected to reach 3.25 Billion Tons by 2022, growing at a CAGR of 2.49% from 2017 to 2022. The market is driven owing to factors such as high fuel costs, climatic changes influencing transport infrastructure, lack of transport infrastructure support in developing economies, and skilled resources in developed economies. The refrigerated road transport market is projected to grow at a CAGR of 5.67%, in terms of value, from 2017 to reach a projected value of USD 17.82 Billion by 2022.

The objectives of the study are as follows:

• To define, segment, and measure the refrigerated transport market with respect to its product type, mode of transportation, technology, and region
• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the complete value chain and supply chain of frozen & chilled food products, that are transported under temperature-controlled conditions
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To profile the key players and comprehensively analyze their core competencies
• To analyze the competitive developments new product developments, mergers & acquisitions, investments, expansions, agreements, joint ventures, and technologies—in the refrigerated transport market
• To profile the key refrigerated road transport companies with respect to the business overview, recent financials, segmental revenue mix, geographic presence, and information about the products & services
• The market has been covered by mapping just the refrigerated road transportation (LCV, MHCV, and HCV). The volume and value figures have not been covered in the rail, marine, and air transport markets.

The years considered for the study are as follows:

• Base year – 2016
• Estimated year – 2017
• Projected year – 2022
• Forecast period – 2017 to 2022

The research methodology used to estimate and forecast the refrigerator transport market begins with capturing data on key players, their revenues through secondary sources such as International Frozen Food Association, American Frozen Food Institute, British Frozen Food Federation, USDA, and Global Cold Chain Alliance. The overall market size was arrived after validating with primary interviews and secondary research which includes, publications and statistics. Both “top-down” and “bottom-up” approaches were used to estimate and validate the total size of the market. These approaches were also used extensively to estimate the market size of various dependent submarkets in the overall refrigerated transport market, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

To know about the assumptions considered for the study, download the pdf brochure

The report studies about the interlinked supply chain operations between the upstream and downstream players. Nestlé (Switzerland), Tyson Foods, Inc. (US), The Kraft Heinz Company (US), General Mills Inc. (US), Smithfield Foods. (US), Kellogg Co. (US), Conagra Brands, Inc. (US), Kerry Group (Ireland), Del Monte Pacific Ltd (DMPL) (US) and ARYZTA AG (Switzerland) are the key players in the health ingredients market. The report also covers the DIVE Vendor Comparison analysis which is based on the product offerings and business strategy adopted by the key players in the refrigerated transport market.

Target Audience

The report is targeted toward the existing players in the industry, which include:

• Infrastructure providers
  • Refrigerated transport service providers
  • Refrigerated transport equipment providers
  • Refrigerated transport manufacturers
  • Refrigerated transport solution providers
  • Refrigerated road vehicle manufacturers
• Logistics service providers
  • Regulatory authorities and associations
  • Government agencies
• IRTA (International Refrigeration Transport Association)
  • Intermediary providers:
  • Logistics service providers
  • Cold logistics players (shipping lines, transporters, container companies)
  • Warehousing agents
  • Supply chain solution providers
• End-use industries:
  • Food processing businesses
  • Seafood companies
  • Livestock producers
• Agricultural sector
• Convenience foods, snacks manufacturers

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

On the basis of Product Type, the refrigerated transport market has been segmented into:

• Chilled
• Frozen

On the basis of Mode of Transportation, the refrigerated transport market has been segmented into:

• Road
  • LCV
  • MHCV
  • HCV
• Sea
• Rail
• Air

On the basis of Technology, the refrigerated transport market has been segmented into:

• Vapor compression systems
• Cryogenic systems

On the basis of Region, the health market has been segmented into:

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

• Further breakdown of the rest of European refrigerated transport market into Greece, Russia, Spain, and other Eastern European countries. 
• Further breakdown of the rest of Asia-Pacific refrigerated transport market into South Korea, Taiwan, Singapore, Malaysia, and Indonesia
• Further breakdown of the RoW refrigerated transport market into Argentina, Middle East countries, Chile, and other Latin American countries

Company Information

• Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered for the Study
    1.5 Currency Considered
    1.6 Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions of the Study
           2.4.2 Limitations of the Study

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in the Refrigerated Transport Market
    4.2 Refrigerated Transport Market, By Key Country
    4.3 Asia-Pacific Refrigerated Transport Market, By Product Type and Country

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Macro Indicators
           5.2.1 Growth of Organized Retail Industry
                    5.2.1.1 Increasing Need for Refrigerated Transport
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 International Trade of Perishable Commodities Increasing Due to Globalization
                    5.3.1.4 Increase in Demand for Frozen Perishable Commodities
                    5.3.1.5 Increase in the Use of Advanced Cold Rooms
                    5.3.1.6 Integration of Multi-Temperature Systems in Trucks and Trailers
           5.3.2 Restraints
                    5.3.2.1 Climate Change Affecting Transportation Infrastructure
           5.3.3 Opportunities
                    5.3.3.1 Intermodal Transport to Save Fuel Costs
           5.3.4 Challenges
                    5.3.4.1 Lack of Transport Infrastructure Support in Emerging Markets and Skilled Resources in Developed Markets
                    5.3.4.2 Maintaining Product Integrity During Transportation of Perishable Commodities
                    5.3.4.3 Rising Fuel Costs and Low Investment in Technology
    5.4 Legislations for the Use of Refrigerants in Cold Chain Logistics

6 Industry Trends (Page No. - 57)
    6.1 Introduction
           6.1.1 Demand for Refrigerated Transport in Food & Beverages Industry
           6.1.2 Focus on Efficiency of Temperature Control & Energy Use
           6.1.3 Investments in Modern Technologies to Reduce Power Consumption
    6.2 Supply Chain
    6.3 Key Influencers
    6.4 Industry Trends
    6.5 Porter’s Five Forces Analysis for the Refrigerated Transport Market
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers (Refrigerated Vehicle and Equipment Providers)
           6.5.4 Bargaining Power of Buyers (Food Manufacturers & Retailers)
           6.5.5 Intensity of Competitive Rivalry

7 Refrigerated Transport Market, By Product Type (Page No. - 67)
    7.1 Introduction
    7.2 Chilled
           7.2.1 Milk
           7.2.2 Bakery & Confectionery Products
           7.2.3 Dairy Products
           7.2.4 Beverages
           7.2.5 Fresh Fruits & Vegetables
    7.3 Frozen Products
           7.3.1 Ice Cream
           7.3.2 Frozen Dairy Products
           7.3.3 Processed Meat
           7.3.4 Fish & Seafood
           7.3.5 Bakery Products

8 Refrigerated Transport Market, By Mode of Transportation (Page No. - 80)
    8.1 Introduction
    8.2 Refrigerated Road Transport
           8.2.1 Refrigerated LCV - Van
           8.2.2 Refrigerated MHCV - Truck
           8.2.3 Refrigerated HCV - Trailers & Semi-Trailers
    8.3 Refrigerated Sea Transport (Qualitative)
    8.4 Refrigerated Rail Transport (Qualitative)
    8.5 Refrigerated Air Transport (Qualitative)

9 Refrigerated Transport Market, By Technology (Page No. - 88)
    9.1 Introduction
    9.2 Vapor Compression Systems
           9.2.1 Air-Blown Evaporators
           9.2.2 Eutectic Devices
    9.3 Cryogenic Systems: Technology Outlook

10 Refrigerated Transport Market Size, By Temperature (Page No. - 93)
     10.1 Introduction
     10.2 Single Temperature
     10.3 Multi Temperature

11 Refrigerated Transport Market, By Region (Page No. - 99)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Asia Pacific
             11.3.1 China
             11.3.2 Japan
             11.3.3 India
             11.3.4 Australia
             11.3.5 New Zealand
             11.3.6 South Korea
             11.3.7 Rest of Asia Pacific
     11.4 Europe
             11.4.1 U.K.
             11.4.2 Germany
             11.4.3 France
             11.4.4 Italy
             11.4.5 Spain
             11.4.6 Rest of Europe
     11.5 Rest of the World (RoW)
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 South Africa
             11.5.4 Others in RoW

12 Competitive Landscape (Page No. - 154)
     12.1 Competitive Leadership Mapping
             12.1.1 Introduction
                        12.1.1.1 Visionary Leaders
                        12.1.1.2 Innovators
                        12.1.1.3 Dynamic Differentiators
                        12.1.1.4 Emerging Companies
     12.2 Competitive Benchmarking
             12.2.1 Strength of Product Portfolio (For 15 Players)
             12.2.2 Business Strategy Excellence (For 15 Players)
     12.3 Market Ranking Analysis: Refrigerated Road Transport Market

13 Company Profiles (Page No. - 159)
(Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments)*
     13.1 Container & Hvac System Manufacturers
             13.1.1 United Technologies Corporation (Carrier Corporation)
             13.1.2 Daikin Industries, Ltd.
             13.1.3 Ingersoll-Rand PLC (Thermo King)
             13.1.4 Singamas Container Holdings Limited
             13.1.5 Hyundai Motor Company
             13.1.6 Schmitz Cargobull AG
             13.1.7 China International Marine Containers (Group) Ltd.
             13.1.8 Wabash National Corporation
             13.1.9 Lamberet SAS
             13.1.10 Utility Trailer Manufacturing Company
     13.2 Frozen and Chilled Food Manufacturers
             13.2.1 Nestlé S.A.
             13.2.2 Tyson Foods, Inc.
             13.2.3 The Kraft Heinz Company.
             13.2.4 General Mills, Inc.
             13.2.5 Smithfield Foods, Inc.
             13.2.6 Kellogg Company
             13.2.7 Conagra Brands, Inc.
             13.2.8 Kerry Group PLC
             13.2.9 Del Monte Pacific Ltd
             13.2.10 Aryzta AG

*Details on Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 217)
     14.1 Key Industry Insights
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Author Details

List of Tables (133 Tables)

Table 1 Refrigerated Transport Market Size, By Product Type, 2015–2022 (Million Tons)
Table 2 Refrigerated Transport Market Size for Chilled Products, By Type, 2015–2022 (Million Tons)
Table 3 Refrigerated Transport Market Size for Chilled Products, By Region, 2015–2022 (Million Tons)
Table 4 Milk in Refrigerated Transport Market Size for Chilled Products, By Region, 2015–2022 (Million Tons)
Table 5 Bakery & Confectionery in Refrigerated Transport Market Size for Chilled Products, By Region, 2015–2022 (Million Tons)
Table 6 Dairy in Refrigerated Transport Market Size for Chilled Products, By Region, 2015–2022 (Million Tons)
Table 7 Beverages in Refrigerated Transport Market Size for Chilled Products, By Region, 2015–2022 (Million Tons)
Table 8 Fresh Fruits & Vegetables in Refrigerated Transport Market Size for Chilled Products, By Region, 2015–2022 (Million Tons)
Table 9 Refrigerated Transport Market Size for Frozen Products, By Type, 2015–2022 (Million Tons)
Table 10 Refrigerated Transport Market Size for Frozen Products, By Region, 2015–2022 (Million Tons)
Table 11 Ice Cream in Refrigerated Transport Market Size for Frozen Products, By Region, 2015–2022 (Million Tons)
Table 12 Dairy Products in Refrigerated Transport Market Size for Frozen Products, By Region, 2015–2022 (Million Tons)
Table 13 Processed Meat in Refrigerated Transport Market Size for Frozen Products, By Region, 2015–2022 (Million Tons)
Table 14 Fish & Seafood in Refrigerated Transport Market Size for Frozen Products, By Region, 2015–2022 (Million Tons)
Table 15 Bakery Products in Refrigerated Transport Market Size for Frozen Products, By Region, 2015–2022 (Million Tons)
Table 16 Refrigerated Road Transport Market, By Vehicle Type, 2015–2022 (Units)
Table 17 Refrigerated Road Transport Market, By Type, 2015–2022 (USD Million)
Table 18 Refrigerated LCV Market, By Region, 2015–2022 (Units)
Table 19 Refrigerated LCV Market, By Region, 2015–2022 (USD Million)
Table 20 Refrigerated MHCV Market, By Region, 2015–2022 (Units)
Table 21 Refrigerated MHCV Market, By Region, 2015–2022 (USD Million)
Table 22 Refrigerated HCV Market, By Region, 2015–2022 (Units)
Table 23 Refrigerated HCV Market, By Region, 2015–2022 (USD Million)
Table 24 Vapor Compression Systems Market Size, By Type, 2015–2022 (Units)
Table 25 Vapor Compression Systems Market Size, By Type, 2015–2022 (USD Million)
Table 26 Air-Blown Evaporators Market Size, By Region, 2015–2022 (Units)
Table 27 Air-Blown Evaporators Market Size, By Region, 2015–2022 (USD Million)
Table 28 Eutectic Devices Market Size, By Region, 2015–2022 (Units)
Table 29 Eutectic Devices Market Size, By Region, 2015–2022 (USD Million)
Table 30 Refrigerated Road Transport Market Size, By Temperature, 2015–2022 (Units)
Table 31 Asia-Pacific: Single-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 32 North America: Single-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 33 Europe: Single-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 34 RoW: Single-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 35 Asia-Pacific: Multi-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 36 North America: Multi-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 37 Europe: Multi-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 38 RoW: Multi-Temperature Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 39 Refrigerated Road Vehicle Market, By Region, 2015-2022 (Units)
Table 40 Refrigerated Road Vehicle Market Size, By Region, 2015-2022 (USD Million)
Table 41 North America: Refrigerated Transport Market Size, By Product Type, 2015-2022 (Million Tons)
Table 42 North America: Chilled Products Market Size, By Country, 2015-2022 (Million Tons)
Table 43 North America: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 44 North America: Frozen Products Market Size, By Country, 2015-2022 (Million Tons)
Table 45 North America: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 46 North America: Refrigerated Road Vehicle Market Size, By Country, 2015-2022 (Units)
Table 47 North America: Refrigerated Road Vehicle Market Size, By Country, 2015-2022 (USD Million)
Table 48 U.S.: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 49 U.S.: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 50 U.S.: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (Units)
Table 51 U.S.: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 52 Canada: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 53 Canada: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 54 Canada: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (Units)
Table 55 Canada: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 56 Mexico: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 57 Mexico: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 58 Mexico: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (Units)
Table 59 Mexico: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 60 Asia Pacific: Refrigerated Transport Market Size, By Product Type, 2015-2022 (Million Tons)
Table 61 Asia Pacific: Chilled Products Market Size, By Country, 2015-2022 (Million Tons)
Table 62 Asia Pacific: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 63 Asia Pacific: Frozen Products Market Size, By Country, 2015-2022 (Million Tons)
Table 64 Asia Pacific: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 65 Asia Pacific: Refrigerated Road Vehicle Market Size, By Country, 2015-2022 (Units)
Table 66 Asia-Pacific: Refrigerated Road Vehicle Market Size, By Country, 2015-2022 (USD Million)
Table 67 China: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 68 China: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 69 China: Refrigerated Road Transport Market, By Vehicle Type, 2015-2022 (Units)
Table 70 China: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 71 Japan: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 72 Japan: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 73 Japan: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (Units)
Table 74 Japan: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 75 India: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 76 India: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 77 India: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (Units)
Table 78 India: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 79 Australia: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 80 Australia: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 81 New Zealand: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 82 New Zealand: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 83 South Korea: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (Units)
Table 84 South Korea: Refrigerated Road Transport Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 85 Rest of Asia Pacific: Chilled Products Market Size, By Type, 2015-2022 (Million Tons)
Table 86 Rest of Asia Pacific: Frozen Products Market Size, By Type, 2015-2022 (Million Tons)
Table 87 Europe: Refrigerated Transport Market Size, By Product Type, 2015–2022 (Million Tons)
Table 88 Europe: Chilled Products Market Size, By Country, 2015–2022 (Million Tons)
Table 89 Europe: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 90 Europe: Frozen Products Market Size, By Country, 2015–2022 (Million Tons)
Table 91 Europe: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 92 Europe: Refrigerated Road Transport Market Size, By Country, 2015–2022 (Units)
Table 93 Europe: Refrigerated Road Transport Market Size, By Country, 2015–2022 (USD Million)
Table 94 U.K.: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 95 U.K.: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 96 U.K.: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 97 U.K.: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 98 Germany: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 99 Germany: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 100 Germany: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 101 Germany: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 102 France: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 103 France: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 104 France: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 105 France: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 106 Italy: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 107 Italy: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 108 Spain: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 109 Spain: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 110 Rest of Europe: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 111 Rest of Europe: Frozen Product Market Size, By Type, 2015–2022 (Million Tons)
Table 112 RoW: Refrigerated Transport Market Size, By Product Type, 2015–2022 (Million Tons)
Table 113 RoW: Chilled Products Market Size, By Country, 2015–2022 (Million Tons)
Table 114 RoW: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 115 RoW: Frozen Products Market Size, By Country, 2015–2022 (Million Tons)
Table 116 RoW: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 117 RoW: Refrigerated Road Transport Market Size, By Country, 2015–2022 (Units)
Table 118 RoW: Refrigerated Road Transport Market Size, By Country, 2015–2022 (USD Million)
Table 119 Brazil: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 120 Brazil: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 121 Brazil: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 122 Brazil: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 123 Argentina: Chilled Product Market Size, By Type, 2015–2022 (Million Tons)
Table 124 Argentina: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 125 Argentina: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 126 Argentina: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 127 South Africa: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 128 South Africa: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 129 South Africa: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (Units)
Table 130 South Africa: Refrigerated Road Transport Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 131 Others in RoW: Chilled Products Market Size, By Type, 2015–2022 (Million Tons)
Table 132 Others in RoW: Frozen Products Market Size, By Type, 2015–2022 (Million Tons)
Table 133 Refrigerated Road Transport Market Ranking: 2016

List of Figures (52 Figures)

Figure 1 Refrigerated Transport Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Research Design for the Refrigerated Transport Market
Figure 4 Research Design Model
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Asia Pacific: Largest Market for Chilled Products, 2016 (Million Tons)
Figure 8 Chilled Products Market Share (Volume), By Type, 2016
Figure 9 Frozen Products Market Share (Volume), By Product Type, 2016
Figure 10 Refrigerated Road Transport Market Size, 2017 vs 2022
Figure 11 Refrigerated Road Transport Market Size, By Temperature, 2017 vs 2022
Figure 12 Refrigerated Road Transport Market Size, By Technology, 2017 vs 2022
Figure 13 Refrigerated Transport: an Emerging Market With Promising Growth Potential
Figure 14 Attractive Market Opportunities in the Refrigerated Vehicles Market
Figure 15 Refrigerated LCV Market Size, By Region, 2017 vs 2022
Figure 16 Refrigerated MHCV Market Size, By Region, 2017 vs 2022
Figure 17 Refrigerated HCV Market Size, By Region, 2017 vs 2022
Figure 18 Refrigerated Road Vehicle Transport Market Size, By Temperature, 2017 vs 2022
Figure 19 China Accounted for the Largest Market Share in the Refrigerated Transport Market in 2016
Figure 20 Innovations in Technology Have Strengthened the Demand for Refrigerated Transport in the Asia-Pacific Region
Figure 21 Growing Organized Retail Industry is Fueling the Demand for Refrigerated Transport
Figure 22 Market Dynamics: Refrigerated Transport
Figure 23 Supply Chain for the Refrigerated Transport Market
Figure 24 Refrigerated Transport Providers are the Vital Link in the Cold Chain of Perishable Commodities
Figure 25 New Trends in the Market for Refrigerated Transport
Figure 26 Porter’s Five Forces Analysis
Figure 27 Chilled Food Products to Dominate the Refrigerated Transport Market for Processed Food From 2017 to 2022 (Million Tons)
Figure 28 Fresh Fruits & Vegetables Segment is Projected to Dominate the Chilled Food Segment From 2017 to 2022
Figure 29 Fish & Seafood is Projected to Dominate the Frozen Food Segment From 2017 to 2022
Figure 30 Geographical Snapshot (2017–2022): Asia Pacific is Emerging as A New Hot Spot for the Refrigerated Transport Market
Figure 31 North America: Market Snapshot
Figure 32 Asia Pacific: Market Snapshot
Figure 33 Europe: Market Snapshot
Figure 34 Refrigerated Road Transport Market (Global) Competitive Leadership Mapping Chart, 2017
Figure 35 United Technologies Corporation: Company Snapshot
Figure 36 Daikin Industries, Ltd.: Company Snapshot
Figure 37 Ingersoll-Rand PLC: Company Snapshot
Figure 38 Singamas Container Holdings Limited: Company Snapshot
Figure 39 Hyundai Motor Company : Company Snapshot
Figure 40 Schmitz Cargobull AG: Company Snapshot
Figure 41 China International Marine Containers (Group) Ltd.: Company Snapshot
Figure 42 Wabash National Corporation: Company Snapshot
Figure 43 Nestlé S.A.: Company Snapshot
Figure 44 Tyson Foods, Inc.: Company Snapshot
Figure 45 Kraft Heinz: Company Snapshot
Figure 46 General Mills, Inc.: Company Snapshot
Figure 47 Smithfield Foods, Inc.: Company Snapshot
Figure 48 Kellogg’s : Company Snapshot
Figure 49 Conagra Brands, Inc.: Company Snapshot
Figure 50 Kerry Group PLC: Company Snapshot
Figure 51 Del Monte Pacific Ltd.: Company Snapshot
Figure 52 Aryzta AG : Company Snapshot

The refrigerated transport market is projected to reach 3.25 Billion Tons by 2022 growing at a CAGR of 2.49% from 2017 to 2022. Refrigerated transport is one of the essential links in the cold chain system for distribution of perishable commodities such as milk, bakery & confectionery, dairy products, beverages, fresh fruits & vegetables, ice cream, frozen dairy products, processed meat, fish & seafood, and frozen dairy products. The growth of the refrigerated transport market is attributed to the increasing demand for temperature-controlled food across the globe, increasing globalization, and technological advancements in refrigerated transport systems and equipment. The global refrigerated road transport market is projected to grow at a CAGR of 5.67%, in terms of value, from 2016 to reach a projected value of USD 17.82 Billion by 2022.

Food products such as fresh fruits & vegetables, beverages, bakery & confectioneries, and dairy products can be chilled to temperatures ranging from 0°C to 5°C (32° F to 41° F) to help slow down or prevent deterioration. Chilled foods can be on the shelf within 24 hours of production and producers need to ensure they are delivered in a perfect condition, which is a key for food safety. Refrigerated transportation of frozen food products such as frozen dairy products, ice-cream, processed meat, fish and seafood, requires a temperature range of -10°C to -25°C. The extremely low temperatures of frozen food products inhibit the growth of microorganisms on it, ensuring the quality and freshness of food.

The refrigerated road transport market consists of LCV (Light Commercial Vehicle) which ranges from 3 tons to 7 tons; MHCV (Medium & Heavy Commercial Vehicle) which ranges from 7 tons to 16 tons and finally the HCV (Heavy Commercial Vehicle) which is above 16 tons. Refrigerated vans are used for intra-city distribution of frozen or chilled products, whereas trucks and trailers are used for long haulage of perishable commodities which require different temperatures.

Apart from road transportation, there are three other types of transportation such as marine transport, rail transport, and transportation by air. Refrigerated transport in marine refers to dedicated refrigerated cargo ships or refrigerated containers with mechanism to maintain required temperature levels during the transit. Rail freight transportation utilizes freight wagons for transportation of goods. The majority of the freight constitute dry commodities such as chemicals, coal, steel, and construction materials among others. Rail refrigerated transport is fast gaining traction among those looking for additional capacity and one of the cost-effective transportation option. Due to time consideration, lack of infrastructure and some geographical obstacles, air transport is becoming the mode of choice for long-distance transport of perishable goods, pharma equipment, meat, and other processed food.

The European region is projected to have the largest and the fastest market share in terms of value in refrigerated road transportation market in 2022. This region experiences the latest technological advancements and the government norms favors the cold chain industry with different subsidies. Particularly the multi-temperature segment has the fastest growth when compared to single-temperature.

The leading players that dominated the refrigerated transport market include, Nestlé (Switzerland), Tyson Foods, Inc. (US), The Kraft Heinz Company (US), General Mills Inc. (US), Smithfield Foods. (US), Kellogg Co. (US), Conagra Brands, Inc. (US), Kerry Group (Ireland), Del Monte Pacific Ltd (DMPL) (US), United Technologies Corporation (US), Daikin Industries (Japan), Ingersoll Rand Inc. (Ireland), and ARYZTA AG (Switzerland).

The key players have been exploring the market in new regions by adopting acquisitions, expansions, investments, new product launches, agreements, and joint ventures as their preferred strategies. Key players have been investing into intensive R&D activities and also adopting expansions and acquisitions as a mode to enhance their product offerings and capture a larger market share, thus increasing the demand for the refrigerated transport market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst