Press release
Refrigerated Transport Market Outlook: Rising Demand for Cold Chain Drives Growth to USD 228.4 Billion by 2032 | Persistence Market Research
Refrigerated Transport Market
The global refrigerated transport market is witnessing remarkable growth as the demand for temperature-controlled logistics surges worldwide. The market size is projected to increase from US$ 138.1 billion in 2025 to US$ 228.4 billion by 2032, reflecting a robust CAGR of 7.5% over the forecast period. Historically, the market recorded a CAGR of 5.9% between 2019 and 2024, highlighting consistent growth driven by globalization of the food trade and pharmaceutical logistics.
Several factors contribute to the expanding scope of refrigerated transport. These include growing consumer expectations for fresh and perishable goods, strict compliance requirements in the pharma sector, and rising urbanization. Among all segments, air-blown evaporators are forecasted to lead the product category with a 41.6% market share in 2025, owing to their uniform cooling capabilities. Geographically, North America dominates the market, holding a projected 35.7% share in 2025, supported by its robust infrastructure and high demand for fresh produce.
Elevate your business strategy with comprehensive market data. Request a sample report now: https://www.persistencemarketresearch.com/samples/35404
Key Highlights from the Report
• Road transport will capture 28.4% market share in 2025 due to its direct, flexible logistics capabilities.
• Air-blown evaporators to lead with 41.6% share for superior cooling and spoilage control.
• The market will grow at a CAGR of 7.5% between 2025 and 2032.
• North America to dominate with 35.7% market share by 2025.
• Blockchain integration is increasing for cold chain transparency and traceability.
• Government subsidies are accelerating the adoption of electric refrigerated vehicles.
Market Segmentation Analysis
The refrigerated transport market can be segmented based on transport mode, technology, and end-use industry. By transport mode, road transportation stands as the most dominant segment, owing to its accessibility, flexibility, and widespread infrastructure in both developed and developing regions. Rail, sea, and air transport follow closely as essential modes for long-distance and cross-border refrigerated logistics.
By end-use industry, food and beverages lead the market, driven by soaring global demand for perishable items like dairy, seafood, and meat. Pharmaceuticals also represent a high-growth segment, with strict regulatory guidelines on temperature-sensitive drug logistics pushing demand for reliable and tech-enabled refrigerated transport solutions.
Regional Insights
North America holds the lion's share of the refrigerated transport market, attributed to its established cold chain infrastructure and strong consumer demand for fresh and processed food. Increasing investments in green logistics and innovation in cold storage technologies are further fueling regional market growth.
Meanwhile, Asia Pacific is expected to be the fastest-growing region, spurred by urbanization, rising disposable income, and booming food exports from countries like India and China. Local government support for modernizing logistics infrastructure also bodes well for future growth.
Market Drivers
A major driver for refrigerated transport is the rise in international trade of perishable goods, particularly in the food and pharmaceutical sectors. Consumers are demanding fresh products year-round, necessitating highly efficient cold chain logistics. In addition, stricter regulations on product safety and temperature compliance-especially in vaccines and biologics-are prompting investments in reliable refrigerated fleets.
Read More for Refrigerated Transport Market: https://www.persistencemarketresearch.com/market-research/refrigerated-transport-market.asp
Market Restraints
Despite the momentum, the market faces significant restraints, particularly in terms of operational costs and infrastructure disparities. High fuel consumption, expensive maintenance of reefer units, and inadequate cold storage facilities in remote areas can hinder seamless cold chain operations. Furthermore, emerging economies still lack standardized regulatory frameworks, affecting cross-border transport efficiency.
Market Opportunities
Amid challenges, new opportunities are emerging with technological advancements. Electrification of refrigerated fleets, integration of IoT and blockchain for temperature tracking, and AI-driven logistics optimization are transforming how companies manage cold supply chains. These innovations not only enhance operational efficiency but also contribute to sustainability goals-an increasingly vital factor for modern logistics providers.
Reasons to Buy the Report
✔ Gain a comprehensive understanding of market dynamics, drivers, and challenges.
✔ Identify key growth opportunities across regions and product segments.
✔ Access reliable market forecasts to support strategic planning through 2032.
✔ Learn about leading players and emerging trends shaping the industry.
✔ Stay ahead with insights on sustainability, electrification, and digital transformation in cold logistics.
Frequently Asked Questions (FAQs)
#1. How big is the refrigerated transport market expected to be in 2032?
#2. What is the projected growth rate of the refrigerated transport market?
#3. Who are the key players in the global refrigerated transport market?
#4. What are the technological trends influencing the refrigerated transport market?
#5. Which region is estimated to dominate the refrigerated transport industry through 2032?
Do You Have Any Query Or Specific Requirement? Request Customization of Report: https://www.persistencemarketresearch.com/request-customization/35404
Company Insights
Key Players in the Market:
1. Thermo King Corporation
2. Carrier Global Corporation
3. Daikin Industries, Ltd.
4. Utility Trailer Manufacturing Company
5. Wabash National Corporation
6. Schmitz Cargobull AG
7. Lamberet SAS
8. Great Dane LLC
9. Kögel Trailer GmbH & Co. KG
10. Singamas Container Holdings Limited
Recent Developments:
• Thermo King launched a new fully electric trailer refrigeration unit in 2024 to cater to growing demand for zero-emission cold transport.
• Carrier Transicold introduced Lynx Fleet, an IoT-based platform that provides real-time monitoring and predictive analytics for refrigerated trucks.
Conclusion
The refrigerated transport market is entering an exciting phase of technological transformation, spurred by global demand for fresh goods, climate-conscious logistics, and smart supply chains. With a strong projected CAGR of 7.5% through 2032, industry players are increasingly focusing on electric and connected cold chain solutions to meet both regulatory and consumer expectations. As innovation continues to drive the market forward, stakeholders across food, pharma, and logistics sectors will find abundant opportunities in this vital and rapidly evolving space.
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Refrigerated Transport Market Outlook: Rising Demand for Cold Chain Drives Growth to USD 228.4 Billion by 2032 | Persistence Market Research here
News-ID: 4115369 • Views: …
More Releases from Persistence Market Research
Hydroponics Market to Reach US$ 36.7 Bn by 2032 at 13.2% CAGR, driven by tech an …
Overview of the Market
The global hydroponics market is experiencing remarkable growth, fueled by rising demand for sustainable agricultural practices and efficient food production methods. Valued at US$ 15.4 billion in 2025, the market is projected to expand at a CAGR of 13.2% and reach US$ 36.7 billion by 2032. Hydroponics, a soilless farming technique, has emerged as a practical solution to challenges such as limited arable land, water scarcity, and…
global insect feed market to reach US$ 7.4 Bn by 2032, driven by sustainable pro …
Overview of the Market
The global insect feed market is gaining momentum as the demand for sustainable and protein-rich feed solutions continues to rise across the aquaculture, poultry, and livestock industries. Insects are emerging as a valuable alternative protein source due to their high nutritional profile, cost-effectiveness, and significantly lower environmental impact compared to traditional feed ingredients like soybean meal and fishmeal. According to industry forecasts, the market is set to…
Quantum Cryptography Industry Size Estimated at USD 984.6 Million in 2025, Proje …
The global quantum cryptography market is poised for exponential growth in the coming years, fueled by the rising demand for secure communication in sectors such as finance, government, and healthcare. Valued at US$ 984.6 million in 2025, the market is projected to reach US$ 7,922.0 million by 2032, exhibiting a CAGR of 34.7% during the forecast period. Quantum cryptography leverages the principles of quantum mechanics-such as superposition and entanglement-to encrypt…
Clean Label Ingredients Market to Reach $84.6 Bn by 2032 Driven by Health & Tran …
Overview of the Market
The global clean label ingredients market has emerged as a major force shaping the food and beverage industry, as consumers increasingly demand transparency, natural products, and healthier choices. Estimated at US$ 52.3 billion in 2025, the market is forecast to grow steadily at a CAGR of 7.1%, reaching US$ 84.6 billion by 2032. The shift toward clean label products is driven by growing awareness about the harmful…
More Releases for Refrigerated
HYSUN newly launched customized refrigerated containers
HYSUN is proud to introduce our new range of New Customized Refrigerated Container, [https://www.hysuncontainer.com/] designed to meet the most stringent temperature control requirements. These custom reefer containers are equipped with state-of-the-art refrigeration and freezing units to ensure that your products remain in optimal condition throughout the entire transportation or storage process.
Product Features:
Our reefer containers [https://www.hysuncontainer.com/] are constructed with galvanized steel, and the interior walls, floor, ceiling, and doors are made…
Refrigerated Warehousing And Storage Market Report 2024 - Refrigerated Warehousi …
"The Business Research Company recently released a comprehensive report on the Global Refrigerated Warehousing And Storage Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free…
Refrigerated Transport Market Forecast Report by Mode of Transportation (Refrige …
The Refrigerated Transport Market
The global refrigerated transport market is on a trajectory of significant growth, with projections indicating an increase from $17.77 billion in 2023 to $27.07 billion by 2032. This expansion represents a compound annual growth rate (CAGR) of 4.79% from 2024 to 2032. The market's growth is primarily driven by the increasing demand for temperature-controlled logistics in supply chains to maintain the efficacy and shelf life of sensitive…
Refrigerated Transport Market: Impact Of Russia-Ukraine War On Refrigerated Tran …
Global Refrigerated Transport Market 2022-2028: As the world economy continues to grow, so does the need for efficient, reliable data. This is why we are releasing our Global Refrigerated Transport Market 2022-2028 report, which will give you a comprehensive overview of this industry. In this report, you'll find historical and future cost, revenue, demand, supply and import/export data for your distributor's value chain. You'll also get an in-depth analysis of…
Global Refrigerated Vehicles Market: India’s Import of refrigerated vehicles w …
Refrigerated trucks include different types of vehicles used for different transportation needs depending on loading requirements. Some of these types include refrigerated vans, refrigerated trucks, refrigerated trailers, refrigerated wagons, refrigerated vessels, refrigerated air transport, refrigerated containers, temperature controlled containers, intermodal refrigerated containers, insulated containers, integrated refrigerated containers, and multi-modal. Includes temperature container. Increasing consumer awareness of fresh food is one of the key factors in increasing demand for refrigerated vehicles…
Refrigerated Transport Market Forecast to 2028 - COVID-19 Impact and Global Anal …
MARKET OVERVIEW
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.…
