CHICAGO, May 21, 2024 /PRNewswire/ — According to Arizton’s latest focus insight report, the US refrigerated trucking market is growing at a CAGR of 4.77% during 2023-2029.
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U.S. Refrigerated Trucking Market – Focused Insights 2024-2029
US Refrigerated Trucking Market Report Scope
|
Report Attributes |
Details |
|
Market Size (2029) |
$13.65 Billion |
|
Market Size (2023) |
$10.32 Billion |
|
CAGR (2023-2029) |
4.77 % |
|
Historic Year |
2020-2022 |
|
Base Year |
2023 |
|
Forecast Year |
2024-2029 |
The competitive landscape in the U.S. refrigerated trucking market is intensifying as both global and domestic companies offer a diverse array of services. Major players dominate the market, including Americold Logistics, C.H. Robinson Worldwide, DB Schenker, and J.B. Hunt. These leading companies focus on strategic agreements, acquisitions, and collaborations with emerging players to penetrate the U.S. refrigerated trucking market and gain access to commercially launched products.
The Revenue from Food & Beverages End Users Market to Reach $9.33 Billion by 2029
The demand for refrigerated trucking services from the food and beverage industry remains strong, driven by the need to transport perishable goods such as fresh produce, dairy products, meat, poultry, seafood, and packaged foods. This segment represents a significant portion of the U.S. refrigerated trucking market due to the high volume of shipments and the critical importance of maintaining product freshness and quality during transport.
A notable trend in the food and beverage segment is the rising demand for organic and locally sourced products, which require specialized handling and transportation to maintain quality and integrity. Additionally, there is an increasing focus on sustainability and eco-friendly packaging solutions, impacting the industry’s transportation practices and logistics strategies.
The expansion of the foodservice sector, including restaurants, cafes, and catering businesses, is a major driver of demand for refrigerated trucking services in the food and beverage industry. These businesses depend on timely and reliable delivery of fresh ingredients to meet customer demand and maintain menu quality.
Refrigerated trucking companies have opportunities to collaborate with food manufacturers and distributors to enhance supply chain efficiency and reduce food waste. By utilizing advanced temperature monitoring technologies and adopting best practices in cold chain management, carriers can improve food safety and ensure compliance with regulatory standards.
Product Innovation
In March 2024, Lineage Eye developed by Lineage’s in-house team of data scientists, revolutionized cold chain logistics. This cutting-edge solution automates product receiving and enhances overall efficiency throughout the cold chain. By combining math, science, and technology, Lineage aims to create groundbreaking solutions that optimize operations and elevate the industry. Market players can adopt computer vision technology to streamline pallet receiving, improving accuracy and efficiency in their logistics operations.
In 2023, Marten Transport, a leading player in cold chain logistics, introduced the SmartDrive Camera System and Platform Science Technology. This tablet-based platform aims to enhance efficiency for Marten’s drivers, reducing waiting times for loading units. The SmartDrive Camera System focuses on driver behaviors to ensure safety, eliminating the need for manual monitoring. Industry peers can explore tablet-based platforms to enhance driver efficiency, reduce loading wait times, and prioritize safety through behavior-focused systems.
Segmentation & Forecast
Service
FTL
Non-Dedicated FTL
Dedicated FTL
LTL
Temperature Compartment
Single Temperature
Multiple Temperature
Vehicle Type
Trailers
Vans
End-User
Food & Beverage
Meat, Poultry and Seafood
Dairy & Beverages
Bakery Confectionary, & Others
Pharmaceuticals
Others
Vendors List
Key Vendors
Americold Logistics
C.H. Robinson Worldwide
DB Schenker
J.B. Hunt
Knight-Swift Transportation Company
Other Prominent Vendors
Covenant Logistics
Stevens Transport
Burris Logistics
Total Quality Logistics (TQL)
ABF Freight
Expeditors
XPO
FEDEX
RLS Logistics
Matson
Freymiller
Lineage
Marten Transport
KLLM
Confederation Freezers
Ruan
Penske
Alliance
Midwest Refrigerated Services
Prime
TransAm
J&R Schugel Trucking
Decker Truck Line
Gwynn Logistics
DVL Express
Estes
Key Questions Answered in the Report:
How big is the U.S. refrigerated trucking market?
What is the growth rate of the U.S. refrigerated trucking market?
How many shipments are expected in the U.S. refrigerated trucking market by 2029?
What are the trends in the U.S. refrigerated trucking market?
Who are the major players in the U.S. refrigerated trucking market?
Table of Content
CHAPTER – 1: U.S. Refrigerated Trucking Market Overview
Executive Summary
Introduction
Key Findings
CHAPTER – 2: U.S. Refrigerated Trucking Market Projected Revenue
U.S.: Projected Revenue of Refrigerated trucking (2024-2029; $Billions)
CHAPTER – 3: U.S. Refrigerated Trucking Market Segmentation Data
US: Projected Revenue by Service (2024-2029); (Revenue $ B.N.)
Service Snapshot
FTL
LTL
US: Projected Revenue by FTL (2024-2029); (Revenue $ B.N.)
FTL Snapshot
Non-Dedicated FTL
Dedicated FTL
US: Projected Revenue by Temperature Compartment (2024-2029); (Revenue $ B.N.)
Temperature Compartment Snapshot
Single Temperature
Multiple Temperature
U.S.: Projected Revenue by Vehicle Type (2024-2029); (Revenue $ B.N.)
Vehicle Type Snapshot
Trailers
Vans
U.S.: Projected Revenue by End-User (2024-2029); (Revenue $ B.N.)
End-User Snapshot
Food & Beverage
Pharmaceuticals
Others
US: Projected Revenue by Food & Beverage (2024-2029); (Revenue $BN)
Food & Beverage Snapshot
Meat, Poultry and Seafood
Dairy & Beverages
Bakery Confectionary, & Others
CHAPTER – 4: U.S. Refrigerated Trucking Market Prospects and Opportunities
U.S. Refrigerated Trucking Market Trends
U.S. Refrigerated Trucking Market Drivers
U.S. Refrigerated Trucking Market Constraints
CHAPTER – 5: U.S. Refrigerated Trucking Market Industry Overview
U.S. Refrigerated Trucking Market – Competitive Landscape
U.S. Refrigerated Trucking Market – Key Players
U.S. Refrigerated Trucking Market – Other Prominent Vendors
CHAPTER – 6: Appendix
Research Methodology
Abbreviations
About Arizton
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