NEW YORK, Dec. 13, 2022 /PRNewswire/ — The refrigerated road transportation market size is forecast to increase by USD 3,582.64 million from 2022 to 2027, at a CAGR of 6.46%, according to the recent market study by Technavio. The growth of the market will be driven by rising initiatives to promote the cold chain, growth in demand for reefer containers from the pharmaceutical industry, and an increasing number of trade corridors.
Technavio has announced its latest market research report titled Global Refrigerated Road Transportation Market 2023-2027
Technavio categorizes the global refrigerated road transportation market as a part of the trucking market, which covers companies engaged in goods and passenger land transportation, including vehicle rental and taxi companies.
Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report
Technavio has extensively analyzed 15 major vendors, including Bay and Bay Transportation, C H Robinson Worldwide Inc., Carrier Global Corp., CMA CGM Group, CRST The Transportation Solution Inc., Daikin Industries Ltd., DB Schenker, Deutsche Post AG, FedEx Corp., GAH (Refrigeration) Ltd., Great Dane LLC, Knight Swift Transportation Holdings Inc., Mike Frost Trucking Inc., and Unternehmensgruppe Theo Muller.
Key Benefits for Industry Players and Stakeholders –
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Expand operations in the future – To get requisite details, ask for a custom report.
Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the refrigerated road transportation market by industry experts to evaluate and develop growth strategies.
The market is segmented by type (refrigerated trailers and refrigerated vans), application (chilled food and frozen food), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
Segmentation by type (Inclusion/Exclusion)
Inclusion:
Refrigerated trailers:
The refrigerated trailers segment grew gradually by USD 3,446.07 million in 2017 and continued to grow till 2021. The segment is driven by the need to transfer food and beverages at controlled temperatures for long distances. The growing dairy industry and the increased demand for soy-based desserts, quark, soymilk and soy drinks, milk, and yogurt is also contributing to the growth of the segment.
To get detailed insights about inclusions and exclusions, buy now.
Related Reports –
The refrigerated road transportation market is estimated to grow at a CAGR of 6.46% between 2022 and 2027. The size of the market is forecast to increase by USD 3,582.64 million. The rising initiatives to promote cold chain are notably driving the market growth, although factors such as losses due to temperature excursion may impede the market growth.
The last mile delivery market is estimated to grow at a CAGR of 15.62% between 2022 and 2027. The size of the market is forecast to increase by USD 165.6. The innovative features and user interfaces are notably driving the market growth, although factors such as operational challenges may impede the market growth.
What are the key data covered in refrigerated road transportation market?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the refrigerated road transportation market between 2023 and 2027
Precise estimation of the size of the refrigerated road transportation market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the cloud data warehouse market industry across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of refrigerated road transportation market vendors
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Refrigerated Road Transportation Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.46% |
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Market growth 2023-2027 |
USD 3582.64 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.01 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key countries |
US, Canada, China, Japan, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Bay and Bay Transportation, C H Robinson Worldwide Inc., Carrier Global Corp., CMA CGM Group, CRST The Transportation Solution Inc., Daikin Industries Ltd., DB Schenker, Deutsche Post AG, FedEx Corp., GAH (Refrigeration) Ltd., Great Dane LLC, Knight Swift Transportation Holdings Inc., Mike Frost Trucking Inc., Unternehmensgruppe Theo Muller, WEL Companies Inc., West Coast Carriers, Witte Bros Exchange Inc., XPO Logistics Inc., and AP Moller Maersk AS |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global refrigerated road transportation market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global refrigerated road transportation market 2017 – 2021 ($ million)
4.2 Type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.3 By application Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – By application Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 30: Chart on Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Refrigerated trailers – Market size and forecast 2022-2027
Exhibit 34: Chart on Refrigerated trailers – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Refrigerated trailers – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Refrigerated trailers – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Refrigerated trailers – Year-over-year growth 2022-2027 (%)
6.4 Refrigerated vans – Market size and forecast 2022-2027
Exhibit 38: Chart on Refrigerated vans – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Refrigerated vans – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Refrigerated vans – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Refrigerated vans – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
7 Market Segmentation by Application
7.1 Market segments
Exhibit 43: Chart on Application – Market share 2022-2027 (%)
Exhibit 44: Data Table on Application – Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 45: Chart on Comparison by Application
Exhibit 46: Data Table on Comparison by Application
7.3 Chilled food – Market size and forecast 2022-2027
Exhibit 47: Chart on Chilled food – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Chilled food – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Chilled food – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Chilled food – Year-over-year growth 2022-2027 (%)
7.4 Frozen food – Market size and forecast 2022-2027
Exhibit 51: Chart on Frozen food – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Frozen food – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Frozen food – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Frozen food – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Application
Exhibit 55: Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 73: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 81: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 US – Market size and forecast 2022-2027
Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
9.10 Japan – Market size and forecast 2022-2027
Exhibit 89: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.11 Canada – Market size and forecast 2022-2027
Exhibit 93: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.12 UK – Market size and forecast 2022-2027
Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 AP Moller Maersk AS
Exhibit 108: AP Moller Maersk AS – Overview
Exhibit 109: AP Moller Maersk AS – Business segments
Exhibit 110: AP Moller Maersk AS – Key offerings
Exhibit 111: AP Moller Maersk AS – Segment focus
12.4 Bay and Bay Transportation
Exhibit 112: Bay and Bay Transportation – Overview
Exhibit 113: Bay and Bay Transportation – Product / Service
Exhibit 114: Bay and Bay Transportation – Key news
Exhibit 115: Bay and Bay Transportation – Key offerings
12.5 C H Robinson Worldwide Inc.
Exhibit 116: C H Robinson Worldwide Inc. – Overview
Exhibit 117: C H Robinson Worldwide Inc. – Business segments
Exhibit 118: C H Robinson Worldwide Inc. – Key news
Exhibit 119: C H Robinson Worldwide Inc. – Key offerings
Exhibit 120: C H Robinson Worldwide Inc. – Segment focus
12.6 Carrier Global Corp.
Exhibit 121: Carrier Global Corp. – Overview
Exhibit 122: Carrier Global Corp. – Business segments
Exhibit 123: Carrier Global Corp. – Key news
Exhibit 124: Carrier Global Corp. – Key offerings
Exhibit 125: Carrier Global Corp. – Segment focus
12.7 CMA CGM Group
Exhibit 126: CMA CGM Group – Overview
Exhibit 127: CMA CGM Group – Business segments
Exhibit 128: CMA CGM Group – Key offerings
Exhibit 129: CMA CGM Group – Segment focus
12.8 CRST The Transportation Solution Inc.
Exhibit 130: CRST The Transportation Solution Inc. – Overview
Exhibit 131: CRST The Transportation Solution Inc. – Product / Service
Exhibit 132: CRST The Transportation Solution Inc. – Key offerings
12.9 DB Schenker
Exhibit 133: DB Schenker – Overview
Exhibit 134: DB Schenker – Business segments
Exhibit 135: DB Schenker – Key offerings
Exhibit 136: DB Schenker – Segment focus
12.10 Deutsche Post AG
Exhibit 137: Deutsche Post AG – Overview
Exhibit 138: Deutsche Post AG – Business segments
Exhibit 139: Deutsche Post AG – Key news
Exhibit 140: Deutsche Post AG – Key offerings
Exhibit 141: Deutsche Post AG – Segment focus
12.11 FedEx Corp.
Exhibit 142: FedEx Corp. – Overview
Exhibit 143: FedEx Corp. – Business segments
Exhibit 144: FedEx Corp. – Key offerings
Exhibit 145: FedEx Corp. – Segment focus
12.12 GAH (Refrigeration) Ltd.
Exhibit 146: GAH (Refrigeration) Ltd. – Overview
Exhibit 147: GAH (Refrigeration) Ltd. – Product / Service
Exhibit 148: GAH (Refrigeration) Ltd. – Key offerings
12.13 Great Dane LLC
Exhibit 149: Great Dane LLC – Overview
Exhibit 150: Great Dane LLC – Product / Service
Exhibit 151: Great Dane LLC – Key offerings
12.14 Knight Swift Transportation Holdings Inc.
Exhibit 152: Knight Swift Transportation Holdings Inc. – Overview
Exhibit 153: Knight Swift Transportation Holdings Inc. – Business segments
Exhibit 154: Knight Swift Transportation Holdings Inc. – Key news
Exhibit 155: Knight Swift Transportation Holdings Inc. – Key offerings
Exhibit 156: Knight Swift Transportation Holdings Inc. – Segment focus
12.15 Unternehmensgruppe Theo Muller
Exhibit 157: Unternehmensgruppe Theo Muller – Overview
Exhibit 158: Unternehmensgruppe Theo Muller – Product / Service
Exhibit 159: Unternehmensgruppe Theo Muller – Key offerings
12.16 Witte Bros Exchange Inc.
Exhibit 160: Witte Bros Exchange Inc. – Overview
Exhibit 161: Witte Bros Exchange Inc. – Product / Service
Exhibit 162: Witte Bros Exchange Inc. – Key offerings
12.17 XPO Logistics Inc.
Exhibit 163: XPO Logistics Inc. – Overview
Exhibit 164: XPO Logistics Inc. – Business segments
Exhibit 165: XPO Logistics Inc. – Key offerings
Exhibit 166: XPO Logistics Inc. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 167: Inclusions checklist
Exhibit 168: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 169: Currency conversion rates for US$
13.4 Research methodology
Exhibit 170: Research methodology
Exhibit 171: Validation techniques employed for market sizing
Exhibit 172: Information sources
13.5 List of abbreviations
Exhibit 173: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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