Emerging Growth Patterns Driving Rapid Expansion in the Refrigerated Transport Market

The refrigerated transport sector is gearing up for significant expansion as global demand for temperature-controlled logistics continues to rise. With innovations in technology and growing infrastructure investments, this market is poised to experience considerable growth through 2030. Let's explore the current market size, key players, emerging trends, and the main segments shaping this dynamic industry.

Expected Growth and Market Size of the Refrigerated Transport Sector
The refrigerated transport market is projected to reach a value of $187.93 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.7%. This upward trajectory is driven by several factors including increased investments in cold chain infrastructure, the wider adoption of smart monitoring systems, and the growth of cross-border refrigerated transport operations. Additionally, the rising demand for frozen food distribution and a stronger emphasis on sustainable logistics practices contribute significantly to this growth. Key trends shaping the market include the development of integrated cold chain networks, the use of real-time temperature tracking technologies, a surge in multi-modal refrigerated transport solutions, energy-efficient cooling systems, and an enhanced focus on maintaining product integrity during transportation.

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Prominent Players Leading the Refrigerated Transport Market
The refrigerated transport landscape comprises several leading companies such as 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., China International Marine Containers (Group) Ltd., Hyundai Translead, Singamas Container Holdings Ltd., Utility Trailer Manufacturing Company, Klinge Corporation, Kingtec Group Company Ltd., Morgan Corporation, DENSO Corporation, Daikin Reefer, Frigoblock GmbH, Carrier Corporation, Polar Leasing Inc., Sanden Holdings Corporation, Zanotti S.p.A, Hubbard Products Ltd., and MHI Thermal Systems. These companies drive innovation and service expansion across the sector.

Strategic Acquisition Boosting Cold-Chain Logistics Capabilities
In January 2025, United Parcel Service, Inc. (UPS), a major US logistics and package delivery firm specializing in integrated supply-chain solutions, finalized the acquisition of Frigo-Trans GmbH along with its sister firm Biotech and Pharma Logistics (BPL). Although financial details were not disclosed, this move aims to enhance UPS's healthcare cold-chain logistics throughout Europe. By incorporating Frigo-Trans's temperature-controlled warehousing and refrigerated transport network alongside BPL's expertise in time-sensitive, temperature-regulated freight forwarding, UPS is strengthening its capacity to support critical healthcare supply chains. Frigo-Trans GmbH is recognized as a Germany-based specialist in temperature-controlled logistics for healthcare, while Biotech and Pharma Logistics focuses on the compliant distribution of temperature-sensitive healthcare products within Germany.

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Innovations and Market Opportunities in Refrigerated Transport
To stay competitive, key players in the refrigerated transport market are focusing on developing advanced products such as electric-driven transport refrigeration units. These vehicles operate with refrigeration systems powered by electricity, offering greater energy efficiency and environmental benefits. For example, Mitsubishi Heavy Industries Thermal Systems, Ltd., a Japan-based thermal solutions provider, introduced the TEJ35GAM unit in September 2023. This electric-driven refrigeration system is designed for small and mid-size trucks and features a plug-in hybrid mechanism that seamlessly switches between battery operation and plug-in charging during different vehicle conditions. This ensures continuous temperature control even when the vehicle is idling or parked. Moreover, the TEJ35GAM incorporates a heat pump system that can cool one cargo compartment while simultaneously heating another, catering to diverse temperature requirements and maintaining stable conditions throughout the year. This launch aligns with Mitsubishi Heavy Industries' commitment to advancing energy-efficient refrigeration technology, reducing CO2 emissions, and improving sustainability in the logistics sector.

Overview of Market Segments by Transport Type and Application
The refrigerated transport market is categorized based on several criteria to better understand its structure and demand patterns. These segments include:
1) Transport Type: Refrigerated Road Transport (comprising Refrigerated Medium & Heavy Commercial Vehicles, Refrigerated Light Commercial Vehicles, and Refrigerated Heavy Commercial Vehicles), Refrigerated Sea Transport, Refrigerated Rail Transport, and Refrigerated Air Transport.
2) By Temperature: Single Temperature and Multi-Temperature systems.
3) Application Areas: Chilled Food and Frozen Food distribution.

Further subcategories detail specific vehicle and container types such as refrigerated trucks, vans, trailers, containers for road transport, reefer ships and containers for sea transport, refrigerated rail cars and containers, and air freight services supported by cargo aircraft.

In summary, the refrigerated transport market is on a solid growth path fueled by innovations in technology, expanding infrastructure, and the increasing demand for temperature-controlled logistics across various modes of transport and product categories.

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This release was published on openPR.