Europe Refrigerated Transport Market: Comprehensive Study Explores Huge Growth in Future By 2027

According to the latest IMARC Group's research report, titled "Europe Refrigerated Transport Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The Europe refrigerated transport market size reached US$ 4,024 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,515 Million by 2027, exhibiting a growth rate (CAGR) of 5.31% during 2022-2027.

Europe Refrigerated Transport Industry Outlook:

Refrigerated transport is the transportation of goods that must be kept at a specific temperature to maintain their integrity. It is typically deployed to transport perishable items that need to remain at a specific temperature for optimal quality. It comprises temperature-controlled freight shipping vehicles equipped with built-in specialized refrigeration systems to maintain the desired temperature to transport various food products, such as fruits, seafood, and meat, along with non-food products, including pharmaceutical drugs and flowers. It is generally powered by electricity, diesel, and natural gas. Additionally, it also includes built-in alarms that alert the driver in case of a temperature change or malfunction. It is subject to inspection and must be maintained according to the manufacturer's instructions to ensure the safety of the products being transported.

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Europe Refrigerated Transport Market Trends:

Significant growth in the food and beverage industry majorly drives the global market. This can be supported by the rising demand for fresh goods among the masses. Coupled with this, the increasing preference for online shopping and home delivery due to the adoption of smartphones is a major factor driving the demand for refrigerated transport. In addition, the emergence of mobile app-based ordering platforms on account of the growing demand for fresh food products, especially from quick service restaurants (QSRs) requiring frequent logistic services, is significantly supporting the market.

Apart from this, leading manufacturers are introducing fuel-efficient technologies in refrigerated transport systems to help reduce pollution, which is acting as another growth-inducing factor. Moreover, the integration of GPS systems, temperature-monitoring sensors, telematics, and navigation systems with refrigerated transport is creating a positive market outlook. Some of the other factors driving the market further include the rising demand for pharmaceutical drugs and rapid urbanization.

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Key Market Segmentation:

Breakup by Mode of Transportation:

• Refrigerated Road Transport
• Refrigerated Sea Transport
• Refrigerated Rail Transport
• Refrigerated Air Transport

Breakup by Technology:

• Vapor Compression Systems
• Air-Blown Evaporators
• Eutectic Devices
• Cryogenic Systems

Breakup by Temperature:

• Single-Temperature
• Multi-Temperature

Breakup by Application:

Chilled Food Products:

• Dairy Products
• Bakery and Confectionery Products
• Fresh Fruits and Vegetables
• Others

Frozen Food Products:

• Frozen Dairy Products
• Processed Meat Products
• Fish and Seafood Products
• Others

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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This release was published on openPR.