United States Refrigerated Transport Market to Reach US$ 5.9 Billion by 2028

According to the latest report by IMARC Group, titled "United States Refrigerated Transport Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The United States refrigerated transport market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

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United States Refrigerated Transport Industry Overview:

Refrigerated transport, also known as temperature-controlled transport, refers to transporting goods that require a specific temperature range to be maintained throughout the journey. This includes perishable products such as food, pharmaceuticals, and certain chemicals that must be kept at a specific temperature to preserve their quality and integrity. It is achieved through the use of specialized vehicles and containers that are equipped with refrigeration units. These units can maintain temperatures ranging from below freezing to room temperature, depending on the specific needs of the goods transported. Refrigerated transport is essential for the supply chain in the United States, as it enables the safe and efficient transportation of perishable goods across long distances. It also plays a critical role in ensuring food safety and quality and supporting the pharmaceutical industry in delivering life-saving medications and vaccines to different parts of the world.

United States Refrigerated Transport Market Demand:

The market in the United States is primarily driven by the increasing demand for fresh and high-quality products. In line with this, the rising product demand to ensure the safe and efficient transportation of perishable commodities is significantly contributing to the market growth. Furthermore, the expansion of the e-commerce sector is resulting in high demand for refrigerated transport for last-mile delivery. Apart from this, the growth of international trade has led to a growing need for refrigerated transport to transport perishable products across borders.

Moreover, the escalating demand for high-quality and safe food products, which require strict temperature control during transportation, is favoring the market. Besides, the rapid product adoption in the pharmaceutical industry to safely transport vaccines and other medicines that must be kept at specific temperatures is strengthening the market. As the world focuses on reducing carbon emissions, refrigerated transport helps reduce food waste by extending the shelf life of perishable products and reducing the need for frequent shipments. This, in turn, is creating a positive outlook for the market. Additionally, the rapid advancements in refrigeration technology and transportation management systems have made refrigerated transport more efficient and cost-effective, driving demand for these services.

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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

Others:

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

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

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