NEW YORK, Aug. 2, 2023 /PRNewswire/ — The refrigerated transportation market size is set to grow by USD 34,683.44 million between 2022 and 2027 and register a CAGR of 7.46%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The report is segmented by Application and Geography. The market share growth by the land segment will be significant during the forecast period. This segment is widely used to carry perishable commodities such as food and medications under temperature control. For example, Knight-Swift Transportation offers refrigerated transportation through the land are investing significantly. Hence, such factors are expected to make the land a preferred mode of transportation for refrigerated transportation, which, in turn, is expected to drive the growth of the market in focus during the forecast period. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View Sample Report
Technavio has announced its latest market research report titled Global Refrigerated Transportation Market 2023-2027
The report also covers the following areas:
Refrigerated Transportation Market 2023-2027: Segmentation
Mode of transportation
Land
Waterways
Airways
Application
Chilled Food
Frozen Food
Geography
APAC
North America
Europe
South America
Middle East And Africa
Learn more about the factors assisting the growth of the market, download a sample report!
Refrigerated Transportation Market 2023-2027: Vendor Analysis and Scope
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major vendors of the refrigerated transportation market include Allen Lund Co., Bernard KRONE Holding SE and Co. KG, Birkett Freight Solutions, Carrier Global Corp., COSCO SHIPPING Holdings Co. Ltd., Daikin Industries Ltd., Envirotainer AB, Great Dane LLC, Hapag Lloyd AG, Hyundai Motor Co., Knight Swift Transportation Holdings Inc., LAMBERET SAS, Rinac India Ltd., Sartorius AG, Schmitz Cargobull AG, Sdiptech AB, Singamas Container Holdings Ltd., Tata Motors Ltd., Utility Trailer Manufacturing Co., and Wabash National Corp. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market.
Vendor Offerings
Allen Lund Co. – The company offers refrigerated transportation through its subsidiary United World Transportation.
Bernard KRONE Holding SE and Co. KG – The company offers refrigerated transportation products through its subsidiary KRONE Trailer.
Birkett Freight Solutions – The company offers refrigerated transportation services for meat, produce, processed foods, beverage, and ingredients.
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!
Refrigerated Transportation Market 2023-2027: Market Dynamics
Key Drivers
The rising consumption of frozen food drives the growth of the refrigerated transportation market.
The global market’s growth can be attributed to factors such as the rising consumption of refrigerated foods such as dairy products and frozen foods.
Furthermore, consumers perceive frozen food as an alternative option to fresh, home-cooked, canned food, and the convenience offered by ready-to-eat meals increases the consumption of frozen food.
Hence, such factors boost the growth of the refrigerated transportation market during the forecast period.
Significant Trends
Electrified trailer technologies are an emerging refrigerated transportation market trend.
Generally, temperature-controlled trailers mostly depend on dedicated diesel engines. However, attraction toward increased efficiency and sustainability has resulted in the prevalence of solutions such as electrification, including hybridization, solar power, and optimizing the incumbent technology.
Also, electrified trailer technologies not only reduce emissions but also reduce noise pollution. For instance, in 2020, Tesco PLC added 30 new zero-emission electric vans with the new Thermo King E-200 refrigeration units to its fleet.
Hence, such trends boost the growth of the refrigerated transportation market during the forecast period.
Major Challenges
Rising fuel costs and energy consumption associated with refrigeration systems challenge market growth.
The global refrigerated transportation market faces significant challenges due to rising fuel prices and energy consumption. Increased energy use raises additional issues that affect the environment.
Market vendors concentrate on energy-efficient technology, alternative fuels, and enhanced insulation materials to reduce energy usage and lower the carbon footprint of refrigerated transportation operations.
Hence, such challenges impede the market growth of refrigerated transportation during the forecast period.
Refrigerated Transportation Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist refrigerated transportation market growth during the next five years
Estimation of the refrigerated transportation market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the refrigerated transportation market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of refrigerated transportation market vendors
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Related Reports:
The rail freight transportation market size in Europe is expected to increase by USD 5.29 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 1.36%. Furthermore, this report extensively covers rail freight transportation market in Europe segmentations by area (international and domestic) and geography (Germany, Poland, France, Italy, and Rest of Europe). The increasing investments in the market is notably driving the rail freight transportation market growth in Europe.
The perishable goods transportation market in US is estimated to grow at a CAGR of 8% between 2022 and 2027. The size of the market is forecast to increase by USD 1,873.75 million. This report extensively covers market segmentation by end-user (MPS, dairy, fruits and vegetables, and bakery and confectionery) and mode of transportation (air transportation, road transportation, and others). The rising demand for processed food is notably driving the market growth.
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Refrigerated Transportation Market Scope |
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Report Coverage |
Details |
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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 7.46% |
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Market growth 2023-2027 |
USD 34,683.44 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.01 |
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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 43% |
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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 |
Allen Lund Co., Bernard KRONE Holding SE and Co. KG, Birkett Freight Solutions, Carrier Global Corp., COSCO SHIPPING Holdings Co. Ltd., Daikin Industries Ltd., Envirotainer AB, Great Dane LLC, Hapag Lloyd AG, Hyundai Motor Co., Knight Swift Transportation Holdings Inc., LAMBERET SAS, Rinac India Ltd., Sartorius AG, Schmitz Cargobull AG, Sdiptech AB, Singamas Container Holdings Ltd., Tata Motors Ltd., Utility Trailer Manufacturing Co., and Wabash National Corp. |
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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, 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 Mode of Transportation
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 transportation market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on global refrigerated transportation market 2017 – 2021 ($ million)
4.2 Mode of Transportation Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Mode of Transportation Segment 2017 – 2021 ($ million)
4.3 Application Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – 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 Mode of Transportation
6.1 Market segments
Exhibit 30: Chart on Mode of Transportation – Market share 2022-2027 (%)
Exhibit 31: Data Table on Mode of Transportation – Market share 2022-2027 (%)
6.2 Comparison by Mode of Transportation
Exhibit 32: Chart on Comparison by Mode of Transportation
Exhibit 33: Data Table on Comparison by Mode of Transportation
6.3 Land – Market size and forecast 2022-2027
Exhibit 34: Chart on Land – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Land – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Land – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Land – Year-over-year growth 2022-2027 (%)
6.4 Waterways – Market size and forecast 2022-2027
Exhibit 38: Chart on Waterways – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Waterways – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Waterways – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Waterways – Year-over-year growth 2022-2027 (%)
6.5 Airways – Market size and forecast 2022-2027
Exhibit 42: Chart on Airways – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Airways – Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Airways – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Airways – Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Mode of Transportation
Exhibit 46: Market opportunity by Mode of Transportation ($ million)
Exhibit 47: Data Table on Market opportunity by Mode of Transportation ($ million)
7 Market Segmentation by Application
7.1 Market segments
Exhibit 48: Chart on Application – Market share 2022-2027 (%)
Exhibit 49: Data Table on Application – Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 50: Chart on Comparison by Application
Exhibit 51: Data Table on Comparison by Application
7.3 Chilled food – Market size and forecast 2022-2027
Exhibit 52: Chart on Chilled food – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Chilled food – Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Chilled food – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Chilled food – Year-over-year growth 2022-2027 (%)
7.4 Frozen food – Market size and forecast 2022-2027
Exhibit 56: Chart on Frozen food – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Frozen food – Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Frozen food – Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Frozen food – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Application
Exhibit 60: Market opportunity by Application ($ million)
Exhibit 61: Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 67: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 75: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 US – Market size and forecast 2022-2027
Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)
9.10 Japan – Market size and forecast 2022-2027
Exhibit 95: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.11 Canada – Market size and forecast 2022-2027
Exhibit 99: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.12 UK – Market size and forecast 2022-2027
Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on 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 109: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Allen Lund Co.
Exhibit 115: Allen Lund Co. – Overview
Exhibit 116: Allen Lund Co. – Product / Service
Exhibit 117: Allen Lund Co. – Key offerings
12.4 Bernard KRONE Holding SE and Co. KG
Exhibit 118: Bernard KRONE Holding SE and Co. KG – Overview
Exhibit 119: Bernard KRONE Holding SE and Co. KG – Key offerings
12.5 Birkett Freight Solutions
Exhibit 120: Birkett Freight Solutions – Overview
Exhibit 121: Birkett Freight Solutions – Product / Service
Exhibit 122: Birkett Freight Solutions – Key offerings
12.6 COSCO SHIPPING Holdings Co. Ltd.
Exhibit 123: COSCO SHIPPING Holdings Co. Ltd. – Overview
Exhibit 124: COSCO SHIPPING Holdings Co. Ltd. – Business segments
Exhibit 125: COSCO SHIPPING Holdings Co. Ltd. – Key offerings
Exhibit 126: COSCO SHIPPING Holdings Co. Ltd. – Segment focus
12.7 Daikin Industries Ltd.
Exhibit 127: Daikin Industries Ltd. – Overview
Exhibit 128: Daikin Industries Ltd. – Business segments
Exhibit 129: Daikin Industries Ltd. – Key news
Exhibit 130: Daikin Industries Ltd. – Key offerings
Exhibit 131: Daikin Industries Ltd. – Segment focus
12.8 Envirotainer AB
Exhibit 132: Envirotainer AB – Overview
Exhibit 133: Envirotainer AB – Product / Service
Exhibit 134: Envirotainer AB – Key offerings
12.9 Hapag Lloyd AG
Exhibit 135: Hapag Lloyd AG – Overview
Exhibit 136: Hapag Lloyd AG – Product / Service
Exhibit 137: Hapag Lloyd AG – Key news
Exhibit 138: Hapag Lloyd AG – Key offerings
12.10 Hyundai Motor Co.
Exhibit 139: Hyundai Motor Co. – Overview
Exhibit 140: Hyundai Motor Co. – Business segments
Exhibit 141: Hyundai Motor Co. – Key news
Exhibit 142: Hyundai Motor Co. – Key offerings
Exhibit 143: Hyundai Motor Co. – Segment focus
12.11 Knight Swift Transportation Holdings Inc.
Exhibit 144: Knight Swift Transportation Holdings Inc. – Overview
Exhibit 145: Knight Swift Transportation Holdings Inc. – Business segments
Exhibit 146: Knight Swift Transportation Holdings Inc. – Key offerings
Exhibit 147: Knight Swift Transportation Holdings Inc. – Segment focus
12.12 Rinac India Ltd.
Exhibit 148: Rinac India Ltd. – Overview
Exhibit 149: Rinac India Ltd. – Product / Service
Exhibit 150: Rinac India Ltd. – Key offerings
12.13 Sartorius AG
Exhibit 151: Sartorius AG – Overview
Exhibit 152: Sartorius AG – Business segments
Exhibit 153: Sartorius AG – Key news
Exhibit 154: Sartorius AG – Key offerings
Exhibit 155: Sartorius AG – Segment focus
12.14 Schmitz Cargobull AG
Exhibit 156: Schmitz Cargobull AG – Overview
Exhibit 157: Schmitz Cargobull AG – Product / Service
Exhibit 158: Schmitz Cargobull AG – Key offerings
12.15 Singamas Container Holdings Ltd.
Exhibit 159: Singamas Container Holdings Ltd. – Overview
Exhibit 160: Singamas Container Holdings Ltd. – Business segments
Exhibit 161: Singamas Container Holdings Ltd. – Key offerings
Exhibit 162: Singamas Container Holdings Ltd. – Segment focus
12.16 Tata Motors Ltd.
Exhibit 163: Tata Motors Ltd. – Overview
Exhibit 164: Tata Motors Ltd. – Business segments
Exhibit 165: Tata Motors Ltd. – Key news
Exhibit 166: Tata Motors Ltd. – Key offerings
Exhibit 167: Tata Motors Ltd. – Segment focus
12.17 Utility Trailer Manufacturing Co.
Exhibit 168: Utility Trailer Manufacturing Co. – Overview
Exhibit 169: Utility Trailer Manufacturing Co. – Product / Service
Exhibit 170: Utility Trailer Manufacturing Co. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 171: Inclusions checklist
Exhibit 172: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 173: Currency conversion rates for US$
13.4 Research methodology
Exhibit 174: Research methodology
Exhibit 175: Validation techniques employed for market sizing
Exhibit 176: Information sources
13.5 List of abbreviations
Exhibit 177: 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 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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