Refrigerated Transport Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2028

Refrigerated transportation is also known as reefer freight. Refrigerated transport is a means of conveyance of food products pharmaceuticals that require special, temperature controlled vehicles. The vehicle is used for refrigerated transportation has a built-in refrigeration system that keeps the products at a preferred temperature throughout the transportation process. The benefit of refrigerated transportation is that it keeps products from deteriorating and losing its value during the transportation process. It is not only used for food but also other sensitive items such as medical products and pharmaceuticals.

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Companies Profiled in this report includes:  China International Marine Containers Co., Ltd, Daikin Industries, Ltd., Ingersoll-Rand Inc., LAMBERET SAS, Schmitz Cargobull AG, Singamas Container Holdings Ltd, The Hyundai Motor Company, United Technologies Corporation, Utility Trailer Manufacturing Company, VEHICLE WORKS BERNARD KRONE GMBH & CO. KG

MARKET SEGMENTATION

Based on application, the global Refrigerated transport market market is segmented into chilled food products, frozen food products.

On the basis of road transport, the market is segmented into Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport.

On the basis of technology, the market is segmented into vapor compression systems, air-blown, evaporators, eutetic device.

On the basis of temperature, the market is segmented into single temperature, and multi-temperature.

MARKET DYNAMICS

Drivers

Increasing demand for frozen perishable commodities

Increase in the use of advanced cold rooms is also projected to influence the refrigerated transport market significantly.

Restraints

Climatic changes affecting transporting infrastructure may create hindrances in the growth of the market in the forecast period

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IMPACT OF COVID-19 ON REFRIGERATED TRANSPORT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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