Global Refrigerated Transportation Market to grow at a CAGR of 6.96% during the period 2016 - 2020; Finds New Report

Report forecast the global refrigerated transportation market to grow at a CAGR of 6.96% during the period 2016-2020.

Refrigerated transportation is used to supply customers with safe and high-quality perishable goods. These perishable goods can be perishable food products, pharmaceuticals, or others like flowers and chemical products. This type of transportation is carried out via roadways, seaways, and airways. Transportation by airways is used mainly by the pharmaceutical industry.

The cleaning of refrigeration systems used for transportation is done by vapor-compression refrigeration or total loss refrigerants. Since hygiene is an important concern for supply chain providers, logistics providers are focusing more on hygiene. Also, refrigerated transportation requires more technical requirements than other refrigeration applications as it is exposed to a wide range of temperature and extreme weather conditions. Logistics providers are focused on maintaining the minimum and maximum critical temperature points. A variation from the critical temperature may result in a reduced shelf life of the goods.

The report covers the present scenario and the growth prospects of the global refrigerated transportation market for 2016-2020. To calculate the market size, the report considers the total revenue generated by different vendors through the refrigerated transportation of perishable foods, pharmaceuticals, and other goods, like liquid chemicals.

The market is divided into the following segments based on geography:

• North America
• APAC
• Europe
• ROW

According to the report, the increased need for convenience food products is propelling the demand for frozen food products worldwide. Consumers are seeking out those frozen food products that have functional benefits, such as food products that are good for health and wellbeing. Frozen food products require an effective cold storage system so that the chemical composition of the food items remains intact even after a long period.

Further, the report states that lack of efficient logistics support across the market, product recalls and food waste is common, thus hindering the growth of the global refrigerated transportation market.

Global Refrigerated Transportation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Refrigerated Transportation Market: Carrier Transicold, CMA CGM, GAH Refrigeration, Maersk Line, Mediterranean Shipping Company (MSC), and Swift Transportation.

Other Prominent Vendors in the market are: Agility, Air Canada Cargo, Avinex Ukr, Bay & Bay, Biocair, Biotec Services, CEVA, Cold Chain Technologies, Continental Air Cargo, CRST International, Culina Group, DB Schenker, FedEx, Frost Trucking, FST Logistics, Green Reefers Group, Hanson Logistics, NYK Line, Seatrade Reefer Chartering, and UPS.

Market driver

• Growing demand for frozen foods
• For a full, detailed list, view our report

Market challenge

• Lack of efficient logistics support
• For a full, detailed list, view our report

Market trend

• Increased provision of end-to-end integrated services
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 32 Exhibit “Global Refrigerated Transportation Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Segmentation by product transported, Segmentation by mode of transportation, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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