As refrigerators are used to extend food's shelf life and preserve its ideal quality in order to limit the likelihood of bacterial growth, rising rates of foodborne illnesses are predicted to spur market expansion. In order to ensure the safety of food products, a high prevalence of several foodborne illnesses and disorders such nausea, vomiting, and diarrhoea is anticipated to drive demand for refrigerated transport for food distribution worldwide. For example, the World Health Organization (WHO) reports that eating contaminated food can result in the development of over 200 illnesses, ranging from cancer to diarrhoea. In addition, one of the main causes of fatalities worldwide is food-borne illness.
Global Refrigerated Transport Market was valued at US$ 15.8 billion in 2018 and is expected to exhibit a CAGR of 6.32% over the forecast period (2019-2027), and expected to reach US$ 27.21 billion by 2027.
Leading Companies in the Refrigerated Transport Industry:
China International Marine Containers (Group) Ltd.
China International Marine Containers (Group) Co., Ltd., together with its subsidiaries, manufactures and sells logistics and energy equipment worldwide. China International Marine Containers (Group) Co., Ltd. was incorporated in 1980 and is headquartered in Shenzhen, the People's Republic of China.
Daikin Industries, Ltd.
Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. Daikin Industries, Ltd. was founded in 1924 and is headquartered in Osaka, Japan.
Great Dane Trailers, Inc.
Great Dane was founded in 1900 and is headquartered in Chicago
HYUNDAI Translead
Hyundai Translead is the leading van trailer manufacturer in North America. Founded in 1989, Hyundai Translead manufactures dry and refrigerated van trailers as well as flatbeds, chassis, and dollies. The company is headquartered in San Diego, CA.