Press release
[PDF] Refrigerated Road Transport Market : New Most Well Guarded Secrets
Refrigerated Road Transport
Refrigerated road transport refers to the automotive systems designed for transportation of perishable freights at specific temperatures to retain its quality over its course. These automotive are integrated with cooling apparatus, powered by small displacement diesel engines or utilize dry ice as cooling agent to maintain specific temperatures. Requirement to maintain the edible quality of the products and compliance to the regional food quality regulations, is projected to be among the prominent growth driver of the refrigerated road transport market over the forecast period (2017–2025).
Refrigerated Road Transport Market Key Players:
China International Marine Containers (Group) Ltd., Daikin Industries, Ltd., Hyundai Motor Company, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Company, and Wabash National Corporation
The global Refrigerated Road Transport market is estimated to account for US$ 21.78 Billion by 2025
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Market Dynamics Significant growth of multi-chain food and beverage retail industry is anticipated to be among the prominent growth driver of the industry. Food and beverages industry retailing and servicing has witnessed considerable evolution over the last few years. Business models providing online services to cater the consumer appetite requirements, high growth in consumer motivation towards packaged foods are among the prominent trends witnessed across all the major economies of the globe. In conjunction with these factors, development of stringent food quality standards, to safeguard consumer health will present strong growth prospects over the next few years. For instance, Food Guidance & Regulation – FDA in U.S., General Food Law Regulation and European Food Safety Authority (EFSA) in Europe regulate the standards for manufacturing, processing, industry systems, and import/export activities. However, high initial investment and maintenance cost of these systems is expected to be among the major factors that will continue to hamper the overall industry growth over the next few years.
Refrigerated Road Transport Market Taxonomy
Global Refrigerated Road Transport Market, By Transportation Mode:
LCV
MHCV
HCV
Global Refrigerated Road Transport Market, By Cooling Type:
Chilled
Frozen
Global Refrigerated Road Transport Market, By Technology:
Cryogenic systems
Vapor Compression Systems
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Key features of the study:
This report provides in-depth analysis of Refrigerated Road Transport market, market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global Refrigerated Road Transport market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
Key companies covered as a part of this study include China International Marine Containers (Group) Ltd., Daikin Industries, Ltd., Hyundai Motor Company, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Company, and Wabash National Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, product up-gradation, market expansion, and marketing tactics
The global Refrigerated Road Transport market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global Refrigerated Road Transport market
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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