Refrigerated Trucking Market in the US and Canada - Industry Outlook and Forecast 2020-2025 | Arizton

Arizton's research report on the refrigerated trucking market in the US and Canada covers sizing and forecast, share, industry trends, growth drivers, and vendor analysis. The study includes insights by Service (FTL and LTL), Temperature Compartment (Single and Multi), End-users (food, pharmaceuticals, and others), Vehicles (Trailers and Vans), and Geography (the US and Canada)

Key highlights of the market:

The agricultural sector generates over $38 billion annually, which is being supplied directly to food processing companies in Canada and other countries as exports. Hence, the increase in food exports is increasing the demand for refrigerated trucking and transportation.

The presence of large beverage companies in the US is likely to fuel the demand for refrigerated vehicles as these companies rely on cold storage transportation facilities to deliver goods.

The food and beverage industry plays an essential role in the US economy, which contributes 5% to the country's GDP. The US food sector has a total sale of approximately $1.4 trillion, which includes food consumed at home, eateries, and restaurants. Hence, the rise in the F&B industry is projected to drive steady demand for refrigerated transportation.

About 95% of new drugs that are coming in the market are developed and manufactured in the US. Therefore, the growth in pharmaceutical products requires proper temperature-controlled logistics, which, in turn, is expected to drive the market.

The refrigerated trucking market in US and Canada is expected to grow at a CAGR of over 4% during the period 2019-2025.

The following factors are likely to contribute to the growth of the refrigerated trucking market in the US and Canada during the forecast period:

Growing Organic Food Market
Increasing Multi-Temperature Trucking
Usage of Freight Optimization Software
Increasing Multi-Temperature Trucking

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The study considers the present scenario of the refrigerated trucking market in the US and Canada and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Key Vendors

H. Robinson Worldwide
Business Overview
Major Product Offerings
Key Strengths
Key Strategies
Key Opportunities
Americold Logistics
B Hunt
Knight-Swift Transportation
FedEx
DB Schenker
U.S Xpress
DHL
Lineage Logistics
ABF Freight
Marten
KLLM Logistics
Prime Inc
Covenant Transportation Services
Stevens Transport
Burris Logistics
Total Quality Logistics
Henningsen Cold Storage
Expeditors
XPO Logistics
Trenton Cold Storage
RLS Logistics
Matson Logistics
Conestoga Cold Storage
Agro Merchants Group
Congebec Logistics
Hanson Logistics
Confederation Freezers
Ruan Transport
Penske
Atlanta Bonded Warehouse Corporation
Alliance Shippers
Midwest Refrigerated Services
Estes

Market Segmentation by Service

FTL
LTL

Market Segmentation by Temperature Compartment

Single
Multiple

Market Segmentation by End-users

Food
Poultry, Meat, and Seafood
Dairy and Beverages
Bakery, Confectionery, and Others
Pharmaceutical
Others

Market Segmentation by Geography

North America
US
Canada

Read More: https://www.arizton.com/market-reports/refrigerated-trucking-market-united-states-canada

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