Press release
Refrigerated Transport Global Market Report 2025: Robust Growth Forecast with CAGR of 7.8% and Upcoming Trends
Refrigerated Transport Market Share
Emerging sustainable transport initiatives and increased global food demand are driving the refrigerated transport market growth, with a projected CAGR of 7.8% from 2024 to 2025, and 8.3% to 2029.
What Is The Projected Market Size Of The Refrigerated Transport Global Market Report 2025 And Its Growth Rate?
The refrigerated transport market is predicted to show continuous growth over the coming years. The market size statistics are:
• Projected growth from $121.46 billion in 2024 to $130.95 billion in 2025 at a CAGR of 7.8%.
• The growth will continue to $180.16 billion in 2029 at a CAGR of 8.3%.
What Is Driving The Growth In The Refrigerated Transport Global Market Report 2025?
The rise in frozen food products is driving the growth of the refrigerated transport market. Frozen variants of various fresh products are gaining popularity due to their ease of access and affordability. According to Frozen Food Europe, the global frozen food market was estimated at USD 392.4 billion in 2022 and is projected to reach USD 612.3 billion by 2032. Europe dominated the global frozen food market, with a market share of around 37%. Thus, the increase in frozen food products is promoting the growth of the refrigerated transport market.
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Who Are the Key Players Driving Refrigerated Transport Global Market Report 2025 Growth?
Major companies operating in the refrigerated transport market include:
•Carrier Transicold
•Thermo King Corporation
•Daikin Industries Ltd.
•Trane Technologies plc
•Mitsubishi Heavy Industries Ltd.
•GAH Refrigeration Ltd.
•Great Dane LLC
•Wabash National Corporation
•Ingersoll Rand Inc.
•Schmitz Cargobull AG
•Lamberet SAS
•Hwasung Thermo Co. Ltd.
What Are The Key Trends In The Refrigerated Transport Global Market Report 2025?
Key trends in the forecast period include:
•Remote monitoring solutions
•Collaborative partnerships
•Emergence of blockchain technology
•Customized refrigerated solutions
•Shift towards green energy sources
What Are The Segments Of The Global Refrigerated Transport Global Market Report 2025?
The refrigerated transport market report covers the following segments:
1) By Transport Type: Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport
2) By Temperature: Single Temperature, Multi-Temperature
3) By Application: Chilled Food, Frozen Food
Which Region Leads The Refrigerated Transport Global Market Report 2025?
Europe was the largest region in the refrigerated transport market in 2024. Asia-Pacific is projected to be the fastest-growing region in the forecast period, driven by increased food demand and healthcare logistics growth.
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What Is Covered In The Refrigerated Transport Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Refrigerated Transport Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Refrigerated Transport Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Refrigerated Transport Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Refrigerated Transport Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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