NEW YORK, March 27, 2023 /PRNewswire/ — The perishable goods transportation market in the US is estimated to grow by USD 1,873.75 million from 2022 to 2027. The market will progress at a CAGR of 8% during the forecast period. Technavio has segmented the market based on end-user (MPS, dairy, fruits and vegetables, and bakery and confectionery) and modes of transportation (air transportation, road transportation, and others). For comprehensive details on the market size of the historic period (2017 to 2021) and forecast period (2023-2027) – Request Sample report
Company Profiles
Technavio has announced its latest market research report titled US Perishable Goods Transportation Market 2023-2027
The report includes information on the product launches, sustainability, and prospects of leading vendors including AIT Worldwide Logistics Inc., Alliance Shippers Inc., AP Moller Maersk AS, Bay and Bay Transportation, Burris Logistics Co., C H Robinson Worldwide Inc., CMA CGM SA, Columbian Logistics Network, COSCO Shipping Co. Ltd., DB Schenker, Deutsche Post AG, FST Logistics, Hapag Lloyd AG, KLLM Transportation Services, Lineage Logistics Holdings LLC, Mara Labs Inc., Orient Overseas Container Line Ltd., Prime Fresh Handling LLC, Swift Cargo Pvt. Ltd., and VersaCold Logistics Services.
Vendor Offerings –
Alliance Shippers Inc. – The company offers perishable goods transportation services such as arranging refrigerated shipments.
Moller Maersk AS – The company offers perishable goods transportation services for pharmacies, fruits and vegetables, and fish and seafood.
Bay and Bay Transportation – The company offers perishable goods transportation services such as refrigerated transportation.
For more vendors and their offerings – Request a Sample Report!
What’s New?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial - buy the report!
Vendor Landscape
The perishable goods transportation market in the US is fragmented with the vendors competing with competitors and trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products
Market Dynamics
Major Drivers & Challenges- The market is driven by factors such as the rising demand for processed food, growing end-user segments, and the growing popularity of reefer tracking. However, food safety issues are hindering market growth.
The rise in the level of disposable income has changed consumers’ spending behavior. They prefer to try different food varieties irrespective of the price. In addition, trade liberalizations have helped in the transport of varieties of processed foods, such as tinned vegetables and ready meals, which drives the demand. The increase in the number of working women in developing countries is also driving the demand for perishable goods in the US.
Food safety issues are a major challenge to the growth of the perishable goods transportation market in the US. Perishable goods are highly susceptible to damage and spoilage. Hence, they must be handled with must be and refrigerated prior to shipment in a freezer during transportation. A direct transfer without cooling will affect product quality. Failure at any operating point can result in food safety issues. Refrigerated containers must be maintained and sanitized prior to shipment to maintain the hygiene of the products. For instance, in April 2016, the Food and Drugs Administration (FDA) published a rule requiring shippers to document sanitary practices when transporting food items.
Key Trends- The introduction of cloud technologies, artificial intelligence, and the internet of things is the primary trend in the perishable goods transportation market growth in the US. The evolution of big data analytics has resulted in improved decision-making for freight handling. Most companies use the latest technologies, such as sensors for the real monitoring of temperature and humidity. This has resulted in a huge amount of data being generated, which can be used in predictive analytics and can give information about the number of instances the reefer has failed and the time of failure. Companies such as Intratab introduced applications and tags to perform the real-time monitoring of shipped perishable goods. Hence, the introduction of the latest technologies is a trend influencing the growth of the perishable goods transportation market in US during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. – View Sample Report
Market Segmentation
The market share growth by the MPS segment will be significant during the forecast period. This category of perishable goods is more susceptible to microbial contamination when compared with other food products. The products have to be pre-cooled before being moved to containers to retain the same temperature levels. To preserve quality and freshness, products such as seafood, meat, and poultry must be carried at regulated temperature levels. These food products also have to be frozen at the given temperature standards, which will further affect texture, appearance, and moisture content. Any mishandling in the entire cold chain can result in meat and seafood spoilage, making them non-consumable.
Competitive Analysis
The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.
Gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Related Reports –
The perishable goods sea transportation market size has the potential to grow by USD 2.38 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.57%. The technological advancements in freight management are the major factors that will have a positive impact on the perishable goods sea transportation market growth.
The perishable goods transportation market size is expected to increase by USD 6.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.22%. The adoption of eco-friendly vehicles is one of the key perishable goods transportation market trends that is contributing to the market growth.
|
Perishable Goods Transportation Market Scope in the US |
|
|
Report Coverage |
Details |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
|
Market growth 2023-2027 |
USD 1,873.75 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023 (%) |
7.75 |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
AIT Worldwide Logistics Inc., Alliance Shippers Inc., AP Moller Maersk AS, Bay and Bay Transportation, Burris Logistics Co., C H Robinson Worldwide Inc., CMA CGM SA, Columbian Logistics Network, COSCO Shipping Co. Ltd., DB Schenker, Deutsche Post AG, FST Logistics, Hapag Lloyd AG, KLLM Transportation Services, Lineage Logistics Holdings LLC, Mara Labs Inc., Orient Overseas Container Line Ltd., Prime Fresh Handling LLC, Swift Cargo Pvt. Ltd., and VersaCold Logistics Services |
|
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, Market condition analysis for the forecast period |
|
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. |
Browse for Technavio Industrials market reports
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 Country Market Characteristics
Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 05: Executive Summary – Chart on Market Segmentation by Mode of Transportation
Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Pererishable goods transportation market in US 2017 – 2021
Exhibit 15: Historic Market Size – Data Table on Pererishable goods transportation market in US 2017 – 2021 ($ million)
4.2 End-user Segment Analysis 2017 – 2021
Exhibit 16: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
4.3 Mode of Transport Segment Analysis 2017 – 2021
Exhibit 17: Historic Market Size – Mode of Transport Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 25: Chart on End-user – Market share 2022-2027 (%)
Exhibit 26: Data Table on End-user – Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 27: Chart on Comparison by End-user
Exhibit 28: Data Table on Comparison by End-user
6.3 MPS – Market size and forecast 2022-2027
Exhibit 29: Chart on MPS – Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on MPS – Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on MPS – Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on MPS – Year-over-year growth 2022-2027 (%)
6.4 Dairy – Market size and forecast 2022-2027
Exhibit 33: Chart on Dairy – Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Dairy – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Dairy – Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Dairy – Year-over-year growth 2022-2027 (%)
6.5 Fruits and vegetables – Market size and forecast 2022-2027
Exhibit 37: Chart on Fruits and vegetables – Market size and forecast 2022-2027 ($ million)
Exhibit 38: Data Table on Fruits and vegetables – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Chart on Fruits and vegetables – Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Fruits and vegetables – Year-over-year growth 2022-2027 (%)
6.6 Bakery and confectionery – Market size and forecast 2022-2027
Exhibit 41: Chart on Bakery and confectionery – Market size and forecast 2022-2027 ($ million)
Exhibit 42: Data Table on Bakery and confectionery – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Chart on Bakery and confectionery – Year-over-year growth 2022-2027 (%)
Exhibit 44: Data Table on Bakery and confectionery – Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by End-user
Exhibit 45: Market opportunity by End-user ($ million)
7 Market Segmentation by Mode of Transportation
7.1 Market segments
Exhibit 46: Chart on Mode of Transportation – Market share 2022-2027 (%)
Exhibit 47: Data Table on Mode of Transportation – Market share 2022-2027 (%)
7.2 Comparison by Mode of Transportation
Exhibit 48: Chart on Comparison by Mode of Transportation
Exhibit 49: Data Table on Comparison by Mode of Transportation
7.3 Air transportation – Market size and forecast 2022-2027
Exhibit 50: Chart on Air transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Air transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Air transportation – Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Air transportation – Year-over-year growth 2022-2027 (%)
7.4 Road transportation – Market size and forecast 2022-2027
Exhibit 54: Chart on Road transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 55: Data Table on Road transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 56: Chart on Road transportation – Year-over-year growth 2022-2027 (%)
Exhibit 57: Data Table on Road transportation – Year-over-year growth 2022-2027 (%)
7.5 Others – Market size and forecast 2022-2027
Exhibit 58: Chart on Others – Market size and forecast 2022-2027 ($ million)
Exhibit 59: Data Table on Others – Market size and forecast 2022-2027 ($ million)
Exhibit 60: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 61: Data Table on Others – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Mode of Transportation
Exhibit 62: Market opportunity by Mode of Transportation ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 64: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 65: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 66: Overview on factors of disruption
10.4 Industry risks
Exhibit 67: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 68: Vendors covered
11.2 Market positioning of vendors
Exhibit 69: Matrix on vendor position and classification
11.3 Alliance Shippers Inc.
Exhibit 70: Alliance Shippers Inc. – Overview
Exhibit 71: Alliance Shippers Inc. – Product / Service
Exhibit 72: Alliance Shippers Inc. – Key offerings
11.4 AP Moller Maersk AS
Exhibit 73: AP Moller Maersk AS – Overview
Exhibit 74: AP Moller Maersk AS – Business segments
Exhibit 75: AP Moller Maersk AS – Key news
Exhibit 76: AP Moller Maersk AS – Key offerings
Exhibit 77: AP Moller Maersk AS – Segment focus
11.5 Bay and Bay Transportation
Exhibit 78: Bay and Bay Transportation – Overview
Exhibit 79: Bay and Bay Transportation – Product / Service
Exhibit 80: Bay and Bay Transportation – Key news
Exhibit 81: Bay and Bay Transportation – Key offerings
11.6 Burris Logistics Co.
Exhibit 82: Burris Logistics Co. – Overview
Exhibit 83: Burris Logistics Co. – Product / Service
Exhibit 84: Burris Logistics Co. – Key offerings
11.7 Columbian Logistics Network
Exhibit 85: Columbian Logistics Network – Overview
Exhibit 86: Columbian Logistics Network – Product / Service
Exhibit 87: Columbian Logistics Network – Key offerings
11.8 DB Schenker
Exhibit 88: DB Schenker – Overview
Exhibit 89: DB Schenker – Business segments
Exhibit 90: DB Schenker – Key offerings
Exhibit 91: DB Schenker – Segment focus
11.9 Deutsche Post AG
Exhibit 92: Deutsche Post AG – Overview
Exhibit 93: Deutsche Post AG – Business segments
Exhibit 94: Deutsche Post AG – Key news
Exhibit 95: Deutsche Post AG – Key offerings
Exhibit 96: Deutsche Post AG – Segment focus
11.10 FST Logistics
Exhibit 97: FST Logistics – Overview
Exhibit 98: FST Logistics – Product / Service
Exhibit 99: FST Logistics – Key offerings
11.11 Hapag Lloyd AG
Exhibit 100: Hapag Lloyd AG – Overview
Exhibit 101: Hapag Lloyd AG – Product / Service
Exhibit 102: Hapag Lloyd AG – Key news
Exhibit 103: Hapag Lloyd AG – Key offerings
11.12 KLLM Transportation Services
Exhibit 104: KLLM Transportation Services – Overview
Exhibit 105: KLLM Transportation Services – Product / Service
Exhibit 106: KLLM Transportation Services – Key offerings
11.13 Lineage Logistics Holdings LLC
Exhibit 107: Lineage Logistics Holdings LLC – Overview
Exhibit 108: Lineage Logistics Holdings LLC – Product / Service
Exhibit 109: Lineage Logistics Holdings LLC – Key offerings
11.14 Mara Labs Inc.
Exhibit 110: Mara Labs Inc. – Overview
Exhibit 111: Mara Labs Inc. – Product / Service
Exhibit 112: Mara Labs Inc. – Key offerings
11.15 Orient Overseas Container Line Ltd.
Exhibit 113: Orient Overseas Container Line Ltd. – Overview
Exhibit 114: Orient Overseas Container Line Ltd. – Business segments
Exhibit 115: Orient Overseas Container Line Ltd. – Key offerings
Exhibit 116: Orient Overseas Container Line Ltd. – Segment focus
11.16 Prime Fresh Handling LLC
Exhibit 117: Prime Fresh Handling LLC – Overview
Exhibit 118: Prime Fresh Handling LLC – Product / Service
Exhibit 119: Prime Fresh Handling LLC – Key offerings
11.17 VersaCold Logistics Services
Exhibit 120: VersaCold Logistics Services – Overview
Exhibit 121: VersaCold Logistics Services – Product / Service
Exhibit 122: VersaCold Logistics Services – Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 123: Inclusions checklist
Exhibit 124: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 125: Currency conversion rates for US$
12.4 Research methodology
Exhibit 126: Research methodology
Exhibit 127: Validation techniques employed for market sizing
Exhibit 128: Information sources
12.5 List of abbreviations
Exhibit 129: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio