Refrigerated Transport Market Report - Global Forecasts to 2020 for the $14 Billion Industry

Feb 22, 2016, 11:10 ET from Research and Markets

DUBLIN, Feb. 22, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Refrigerated Transport Market by Commodity Type (Chilled & Frozen), Mode of Transportation (Road Sea, Rail, Air), Vehicle Type (LCV, MHCV, HCV), Technology (Vapour Compression Systems & Cryogenic systems), & by Region - Global Forecast to 2020" report to their offering.

The market size for the refrigerated vehicle market is projected to reach USD 14.1 Billion by 2020 witnessing a CAGR of 6.27% during the forecast period.

The market size, in terms of volume, for the refrigerated transport, by perishable commodities is projected to a CAGR of 2.53% to 3.01 Billion tons during the forecast period.

This report aims to estimate the refrigerated transport market for 2015 and to project the demand for the same by 2020. It provides detailed qualitative and quantitative analyses of the market for fleet operators, refrigerated transport manufacturers and component suppliers also including end-use industries: food processing businesses, seafood companies, livestock producers, and the agricultural sector.

Consumers are getting accustomed to almost any fruit or vegetable, or processed foods being available year round, at their local supermarket, which is made possible by international sourcing. Globalization has increased due to trade liberalization, advances in transport infrastructure and communication technologies, and growth of multinational companies in the food retail sector.

Advances in refrigerated transport technology have resulted in improved food safety, reduced food waste, reduction in energy consumption, and reduction in environmental impact. The right combination of telecommunication, science, and information technology has enabled technological innovations in refrigerated systems and equipment. Climate change is a major influencing factors in the trade of perishables; it directly affects transportation infrastructure and indirectly impacts energy infrastructure and prices.

The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the refrigerated transport market. The key players in the refrigerated transport market have also been identified and profiled. Apart from a quantitative analysis, the report also covers qualitative aspects such as value chain analysis, PEST analysis, and Porter's five force analysis for the refrigerated transport market.

Competitive developments of top players in the refrigerated transport market have been discussed in detail. Leading players in the market, such as United Technologies Corporation (U.S.), Ingersoll Rand Inc., (Ireland), Tyson Foods (U.S.), and Smithfield Foods Inc. (U.S.) have been profiled, along with their recent developments and other strategic industry activities.

Companies Mentioned

- China International Marine Containers (Group) Co., Ltd

- Daikin Industries, Ltd.

- Fahrzeugwerk Bernard Krone Gmbh

- Hyundai Commercial Inc.

- Ingersoll Rand Inc. (Thermo King)

- Lamberet Sas

- Schmitz Cargobull Ag

- Singamas Container Holdings Ltd.

- United Technologies Corporation (Carrier Corporation)

- Utility Trailer Manufacturing Company

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SOURCE Research and Markets