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Refrigerated Transport System Market Share 2021 Overview, Top Key Players, Demand, Industry Size, Growth Factor, Trends and Forecast to 2027

12-07-2021 06:54 AM CET | Industry, Real Estate & Construction

Press release from: Market Insights Reports

The Refrigerated Transport System Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Refrigerated Transport System Market Size is Projected to Reach at a CAGR of 6% during 2021-2027.

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Top Leading Companies:

J.B. Hunt Transport, FedEx, C.H. Robinson Worldwide, Maersk, Americold, Toll Group, Samskip, Saddle Creek Logistics Services, SRT, Bay & Bay, TRC, SWIFT, Pride Transport, Witte Bros, Greene Transport, GRT, TW Transport, PK Refrigerated Logistics and Services, Midwest Refrigerated Services MRS, HFR Transport, CTG, O'Toole Refrigerated Transport, IANNACE REFRIGERATED TRANSPORT, Dutchland Refrigerated Transport, Minutemman Transport

Market Overview:

JB Hunt has acquired 4 companies, including 4 in the last 5 years. It has also divested 1 asset. JB Hunt’s largest acquisition to date was in 2017 when it acquired Special Logistics Dedicated for $136M. JB Hunt has acquired in 3 different US states. The Company’s most targeted sectors include transportation (100%). JB Hunt is a provider of transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico. JB Hunt was formed in 1961 and is based in Lowell, Arkansas.

FedEx has acquired 23 companies, including 5 in the last 5 years. A total of 3 acquisitions came from private equity firms. FedEx’s largest acquisition to date was in 2016 when it acquired TNT Express NV for $4.8B. FedEx has acquired in 8 different US states, and 11 countries. The Company’s most targeted sectors include transportation (87%) and business services (10%). FedEx is a global transportation and logistics company. FedEx provides a broad portfolio of transportation, e-commerce and business services through four segments. FedEx Express is the world’s largest express transportation company, offering time-certain delivery within one to three business days and serving markets that comprise more than 90% of the world’s gross domestic product. FedEx Ground is a North American provider of small-package ground delivery services. 

Refrigerated Transport System Market Segmentation by Type:

Chilled
Frozen

Refrigerated Transport System Market Segmentation by Application:

Lively Fresh Product
Pharmaceuticals
Processed Food

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The Asia Pacific is projected to account for the largest market share during the forecast period

The Asia Pacific accounted for the largest share in the refrigerated transport market. The growth of the market is attributed to the increasing investments by governments in this region for transportation infrastructure development projects related to highways, railways, and airport constructions. For instance, the Chinese government significantly invested in its transport infrastructure in 2018. In the first 11 months of 2018, the country spent USD 328 billion, according to government data. The Chinese transport ministry is also focusing on speeding up the construction of logistics hubs for transport and storage in the country. These factors are projected to drive the refrigerated transport market in the region.

Regional Refrigerated Transport System Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Refrigerated Transport System Market Report:

Detailed overview of Refrigerated Transport System Market
Changing the Refrigerated Transport System market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Refrigerated Transport System market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Refrigerated Transport System Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Refrigerated Transport System Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Refrigerated Transport System industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

ABOUT US:

Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

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