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Refrigerated Transport Market 2025 Edition: Industry to Reach USD 29.3 Billion by 2033

04-01-2025 09:27 AM CET | Logistics & Transport

Press release from: IMARC Group

Refrigerated Transport Market

Refrigerated Transport Market

According to the latest report by IMARC Group, titled "Refrigerated Transport Market Report by Mode of Transportation (Refrigerated Road Transport, Refrigerated Sea Transport, Refrigerated Rail Transport, Refrigerated Air Transport), Technology (Vapor Compression Systems, Air-Blown Evaporators, Eutectic Devices, Cryogenic Systems), Temperature (Single-Temperature, Multi-Temperature), Application (Chilled Food Products, Frozen Food Products, and Others), and Region 2025-2033", offers a comprehensive analysis of the refrigerated transport market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global refrigerated transport market size was valued at USD 19.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 29.3 Billion by 2033, exhibiting a CAGR of 4.54% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 35.2% in 2024. The refrigerated transport market share in the Asia Pacific region is increasing accredited to the strong demand for processed and frozen food, rapid growth in retail and e-commerce logistics, rising pharmaceutical exports, and ongoing improvements in cold chain infrastructure across key regional economies.

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Growing Demand for Cold Chain Logistics in Food and Beverage Industry:

The rising global demand for perishable food products, including fresh produce, dairy, seafood, and frozen meals, is significantly driving the growth of the refrigerated transport market. As consumers prioritize fresh and high-quality food options, food manufacturers and retailers are increasingly investing in advanced cold chain logistics to maintain product integrity throughout the supply chain. The expansion of supermarkets, hypermarkets, and online grocery platforms has intensified the need for temperature-controlled transportation solutions that ensure compliance with stringent food safety regulations. Additionally, globalization and international trade have further accelerated the demand for refrigerated transport, as exporters and importers rely on efficient cold storage and transportation to preserve product freshness during transit. Innovations in refrigeration technologies, such as real-time temperature monitoring, energy-efficient cooling systems, and multi-compartment vehicles, are enhancing the efficiency of cold chain logistics. With growing consumer expectations for safe and fresh food products, the reliance on refrigerated transport is expected to increase, driving market expansion and technological advancements.

Rising Pharmaceutical and Healthcare Industry Demand for Temperature-Controlled Logistics:

The pharmaceutical and healthcare industry is becoming a major driver of refrigerated transport market growth, primarily due to the increasing need for temperature-sensitive drugs, vaccines, biologics, and blood products. Stringent regulatory requirements mandate that pharmaceuticals be transported within precise temperature ranges to ensure efficacy and safety. The growing prevalence of personalized medicine, biologic therapies, and temperature-sensitive diagnostics has heightened the need for advanced cold chain logistics solutions. The COVID-19 pandemic underscored the critical role of refrigerated transport in vaccine distribution, further accelerating investments in temperature-controlled logistics infrastructure. Pharmaceutical companies are increasingly adopting data-driven solutions, such as IoT-enabled sensors, GPS tracking, and cloud-based monitoring systems, to maintain real-time visibility and compliance with Good Distribution Practices (GDP). Moreover, the expansion of the healthcare industry in emerging markets is fueling demand for refrigerated transport solutions, ensuring the safe and efficient distribution of critical medical supplies across diverse geographic regions. As precision medicine and biologics continue to grow, the need for reliable refrigerated transport solutions will remain a fundamental aspect of pharmaceutical supply chains.

Technological Advancements and Sustainability Initiatives in Refrigerated Transport:

The refrigerated transport industry is undergoing a technological transformation, driven by the need for greater efficiency, cost-effectiveness, and sustainability. Innovations in refrigeration units, such as solar-powered cooling, electric reefer trucks, and phase-change material (PCM) technology, are reducing fuel consumption and carbon emissions while maintaining optimal temperature control. The integration of AI, IoT, and blockchain technology is revolutionizing the industry by enabling real-time tracking, predictive maintenance, and automated temperature adjustments. AI-driven route optimization software is enhancing fuel efficiency by minimizing travel distances and reducing delivery times. Sustainability is also emerging as a key focus, with companies adopting eco-friendly refrigerants, hybrid electric refrigeration systems, and lightweight insulated materials to reduce environmental impact. Regulatory bodies are imposing stricter emission standards, encouraging fleet operators to transition towards low-emission refrigerated transport solutions. Additionally, the adoption of multimodal refrigerated transport, including rail and sea freight, is gaining traction as companies seek cost-effective and environmentally sustainable shipping options. As the industry continues to embrace technological advancements and green initiatives, refrigerated transport solutions are set to become more efficient, resilient, and environmentally responsible.

Leading Key Players Operating in the Refrigerated Transport Industry:

• C. H. Robinson
• Daikin Industries
• FedEx
• DB Schenker
• General Mills
• Hyundai Motor Company
• Ingersoll Rand Inc.
• Krone Commercial Vehicle Group
• LAMBERET SAS
• United Technologies
• Utility Trailer Manufacturing Company
• Schmitz Cargobull
• Singamas Container
• Wabash National

Refrigerated Transport Market Trends:

The refrigerated transport industry is evolving rapidly, driven by advancements in cold chain technology, increasing regulatory requirements, and rising consumer expectations for fresh and temperature-sensitive products. One of the key trends shaping the market is the growing adoption of IoT and AI-driven solutions that provide real-time temperature monitoring, automated alerts, and predictive maintenance capabilities. These technologies enhance supply chain visibility, reduce spoilage rates, and improve overall efficiency. Sustainability is also a major driver, with companies investing in electric and hybrid refrigerated vehicles, eco-friendly refrigerants, and energy-efficient cooling systems to minimize their environmental impact.

Another significant trend is the expansion of e-commerce and online grocery delivery services, which require advanced refrigerated logistics to ensure perishable products reach consumers in optimal condition. Additionally, the increasing reliance on multimodal transport solutions, including refrigerated rail and sea freight, is optimizing cost efficiency and reducing carbon emissions. The pharmaceutical sector's growing need for temperature-controlled logistics, particularly for biologics and specialty drugs, is further driving market expansion. With continuous technological innovations and a focus on sustainability, the refrigerated transport market is poised for long-term growth and transformation.

Visit Report and Buy Now: https://www.imarcgroup.com/checkout?id=1861&method=1670

Refrigerated Transport Market Report Segmentation:

Breakup by Mode of Transportation:

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

Refrigerated road transport dominates the market due to the rise in e-commerce.

Breakup by Technology:

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

Air-blown evaporators hold the largest share of the market due to the growing need for rapid and efficient cooling systems capable of maintaining precise temperature control.

Breakup by Temperature:

• Single-Temperature
• Multi-Temperature

Single temperature dominates the market due to the demand for transporting a uniform category of goods, such as frozen foods or pharmaceuticals requiring a single temperature range.

Breakup by Application:

• Chilled Food Products
o Dairy Products
o Bakery and Confectionery Products
o Fresh Fruits and Vegetables
o Others
• Frozen Food Products
o Frozen Dairy Products
o Processed Meat Products
o Fish and Seafood Products
o Others
• Others

Chilled food products hold the largest share of the market due to the rising consumer demand for fresh and quality foods.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Asia Pacific exhibits the largest segment due to the rising disposable incomes.

Key Highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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