Refrigerated Transport Market Report, by Transport Type (Refrigerated Road, Refrigerated Sea, Refrigerated Rail, and Refrigerated Air), by Technology (Vapor Compression Systems, Air Blown Evaporators, and Eutectic Devices), by Temperature (Single Temperature and Multi-temperature), by Application (Chilled Food Products and Frozen Food Products) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Jan 2019 |
  • Pages : 196 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Refrigerated Transport Market - Insights

Proliferating business of frozen food and chilled products, owing to increasing population in conjunction with improvement in the standard of living among the populace, has led to significant increase in demand for frozen food and related products across the globe. According to Population Reference Bureau, the worldwide population was 7536 million in 2017, and is expected to reach 9846 million by 2050. China, India, and the U.S. are top three populated countries in the world. Furthermore, fast paced lifestyle is shifting customer’s behavior towards adoption of the frozen food. For instance, according to the Coherent Market Insights analysis, in 2015, Europe consumed 5.8 million tons of frozen fruit and vegetables, 3.3 tons of ice cream and frozen desserts, 1.1 million tons of processed meats, 1 million tons of ready meals, and many more frozen products.

Figure 1. Global Refrigerated Transport Market, Market Dynamics

Source: Coherent Market Insights, 2018-19

Global refrigerated transport market size is expected to witness significant growth in the market during the forecast period (2018–2026). The market growth is majorly attributed to increasing demand for high quality and safety of food products transported internationally as well as in the domestic markets. The high prevalence of various foodborne diseases and disorders such as abdominal pain, vomiting, and diarrhea are expected to propel adoption of refrigerated transport for food distribution, globally, in order to maintain safety and integrity of food products. According to the World Health Organization (WHO), Consumption of contaminated food items can cause over 200 diseases ranging from diarrhea to cancer. Demise due to foodborne diseases is one of the leading cause of deaths globally.

Figure 2. Global Refrigerated Transport Market, (2017 & 2026)

Source: Coherent Market Insights, 2018-19

Europe refrigerated transport market is expected to witness considerable growth during the forecast period

High demand for frozen foods in Europe is a key factor driving growth of the market. Germany, the U.K., and France have the highest demand for frozen foods. According to Coherent Market Insights’ analysis, Germany, the U.K., and France combined accounted for a share of 54% of the Europe frozen food market in 2015.

Therefore, increasing adoption of frozen foods is propelling demand for cold supply chain, which in turn is expected to boost growth of the refrigerated transport market in Europe

Increasing research & development investment on refrigeration technology for transport is expected to boost the market growth

As per Coherent Market Insights, since 2003 to 2008, more than billion US dollars have been invested in hydrogen and fuel cell development, of which US$ 1 billion was invested by private sector and US$ 170 million were invested by public sector, globally. Moreover, in 2018, Department of Energy announced US$ 39 million funding for novel hydrogen and fuel cell technologies research & development. Anticipated topics of the research include ElectroCat, [email protected], Innovative Fuel Cell Membrane R&D, and Innovative Reversible, and Liquid Fuel Cell Component R&D

Growing need for technological transition from conventional energy sources to efficient renewable ones is the major factor propelling adoption of fuel cells in refrigerated transport.

Urban infrastructure includes water supply, traffic control, electricity grid, and others that relies on refrigerated transport systems where it controls function and flows of air. Increasing infrastructural development such as smart cities, smart transportation in emerging economies such as China, India, and Brazil is expected to create a conducive environment for growth of refrigerated transport systems market. For instance, in 2016, government of India initiated 100 Smart Cities Mission, through which it is expected to invest over US$ 15 billion in order to build efficient and effective city management solution and infrastructure by 2020. Hence, increasing infrastructural development is majorly fueling growth of refrigerated transport market.

Increasing use of Big Data Analytics across various industry verticals is expected to drive the market growth

Conventional energy sources for vehicles such as petroleum, diesel, and natural gas have certain pros and cons. Advantages include easy availability in natural habitat, established infrastructure to run such vehicles, and available designs with improved features. However, the emission of harmful gases and scarcity of resources has put a strain on development of renewable and eco-friendly substitutes and relevant infrastructure development. As per Coherent Market Insights, annually around  90- 95% of transportation sector utilizes liquid hydrocarbons made from fossils as a major source of fuel; however this has caused around 21% of CO2 generation in European Union. Governing bodies of various countries and global giant companies from various sectors such as oil & gas, energy & utilities, and automotive among others have been investing in technological developments in alternative solutions for current resource crisis for conventional energy. One such development which has been proven to be a viable solution is hydrogen cells. Introducing it as a major source of energy involves major changes in any country’s infrastructure for energy and fleet management.

Some of the key players operating in the Refrigerated Transport market include United Technologies Corporation, Daikin Industries, Ltd., Ingersoll-Rand plc., China International Marine Containers (Group) Co., Ltd., Schmitz Cargobull Aktiengesellschaft, Utility Trailer Manufacturing Company, Singamas Container Holdings Limited, Hyundai Motor Company, Lamberet SAS, and Wabash National Corporation, Mitsubishi Heavy Industries, Ltd., and Great Dane Trailers, Inc.

Preservation and protection of food, drugs, and medical supplies have made refrigerated transport an essential part of the supply chain. Food items such as seafood, frozen food, fruits, meat, fish, and dairy products require specific temperature and conditions to prevent decay and maintain the high quality expected by consumers. These items thus require refrigerated transportation. Products such as meat and dairy have a low shelf life and need effective cold storage and transportation across the distribution chain. Advancements in technology and high focus on innovation has enhanced the efficiency of refrigerated transportation for safety of food, reduced food wastage and energy consumption, and minimal environmental impacts.

Market Dynamics

Rising demand for frozen food throughout the globe is a major factor driving growth of the market for refrigerated transport. Increasing technological advancements and globalization have boosted the demand for cold chain transportation and distribution techniques for perishable commodities requiring controlled temperatures. This in turn, has surged demand for refrigerated transport, to ensure sustained quality of delivered commodities. However, lack of efficient transport infrastructure to deal with various environmental changes and lack of low skilled resources in emerging economies pose as major restraints for growth of the global refrigerated transport market.

Key features of the study:

  • This report provides in-depth analysis of refrigerated transport market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global refrigerated transport market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, refrigerated transport market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include United Technologies Corporation, Daikin Industries, Ltd., Ingersoll-Rand plc. China International Marine Containers (Group) Co., Ltd., Schmitz Cargobull Aktiengesellschaft, Utility Trailer Manufacturing Company, Singamas Container Holdings Limited, Hyundai Motor Company, Lamberet SAS, Wabash National Corporation, Mitsubishi Heavy Industries, Ltd., and Great Dane Trailers, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global refrigerated transport market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global refrigerated transport market

Detailed Segmentation:

  • Global Refrigerated Transport Market, By Transport Type:
    • Refrigerated Road Transport
      • Refrigerated Light Commercial Vehicles (LCV)
      • Refrigerated Medium & Heavy Commercial Vehicles (MHCV)
      • Refrigerated Heavy Commercial Vehicles (HCV)
    • Refrigerated Sea Transport
    • Refrigerated Rail Transport
    • Refrigerated Air Transport
  • Global Refrigerated Transport Market, By Technology:
    • Vapor Compression Systems
    • Air Blown Evaporators
    • Eutectic Devices
  • Global Refrigerated Transport Market, By Temperature:
    • Single Temperature
    • Multi-temperature
  • Global Refrigerated Transport Market, By Application:
    • Chilled Food Products
      • Milk
      • Bakery & Confectionery Products
      • Dairy Products
      • Beverages
      • Fresh Fruits & Vegetables
    • Frozen Food Products
      • Ice Cream
      • Frozen Dairy Products
      • Processed Meat
      • Fish & Sea Food
      • Bakery Products
  • Global Refrigerated Transport Market, By Geography:
    • North America
      • By Technology:
        • Vapor Compression Systems
        • Air Blown Evaporators
        • Eutectic Devices
      • By Temperature:
        • Single Temperature
        • Multi-temperature
      • By Application:
        • Chilled Food Products
          • Milk
          • Bakery & Confectionery Products
          • Dairy Products
          • Beverages
          • Fresh Fruits & Vegetables
        • Frozen Food Products
          • Ice Cream
          • Frozen Dairy Products
          • Processed Meat
          • Fish & Sea Food
          • Bakery Products
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Technology:
        • Vapor Compression Systems
        • Air Blown Evaporators
        • Eutectic Devices
      • By Temperature:
        • Single Temperature
        • Multi-temperature
      • By Application:
        • Chilled Food Products
          • Milk
          • Bakery & Confectionery Products
          • Dairy Products
          • Beverages
          • Fresh Fruits & Vegetables
        • Frozen Food Products
          • Ice Cream
          • Frozen Dairy Products
          • Processed Meat
          • Fish & Sea Food
          • Bakery Products
      • By Country:
        • UK
        • France
        • Germany
        • Italy
        • Rest of Europe
    • Asia Pacific
      • By Technology:
        • Vapor Compression Systems
        • Air Blown Evaporators
        • Eutectic Devices
      • By Temperature:
        • Single Temperature
        • Multi-temperature
      • By Application:
        • Chilled Food Products
          • Milk
          • Bakery & Confectionery Products
          • Dairy Products
          • Beverages
          • Fresh Fruits & Vegetables
        • Frozen Food Products
          • Ice Cream
          • Frozen Dairy Products
          • Processed Meat
          • Fish & Sea Food
          • Bakery Products
      • By Country:
        • China
        • Japan
        • South Korea
        • India
        • Australia
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Technology:
        • Vapor Compression Systems
        • Air Blown Evaporators
        • Eutectic Devices
      • By Temperature:
        • Single Temperature
        • Multi-temperature
      • By Application:
        • Chilled Food Products
          • Milk
          • Bakery & Confectionery Products
          • Dairy Products
          • Beverages
          • Fresh Fruits & Vegetables
        • Frozen Food Products
          • Ice Cream
          • Frozen Dairy Products
          • Processed Meat
          • Fish & Sea Food
          • Bakery Products
      • By Country:
        • Brazil
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • By Technology:
        • Vapor Compression Systems
        • Air Blown Evaporators
        • Eutectic Devices
      • By Temperature:
        • Single Temperature
        • Multi-temperature
      • By Application:
        • Chilled Food Products
          • Milk
          • Bakery & Confectionery Products
          • Dairy Products
          • Beverages
          • Fresh Fruits & Vegetables
        • Frozen Food Products
          • Ice Cream
          • Frozen Dairy Products
          • Processed Meat
          • Fish & Sea Food
          • Bakery Products
      • By Country:
        • Middle East
        • Africa
  • Company Profiles
    • United Technologies Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Daikin Industries, Ltd.
    • Ingersoll-Rand plc.
    • China International Marine Containers (Group) Co., Ltd.
    • Schmitz Cargobull Aktiengesellschaft
    • Utility Trailer Manufacturing Company
    • Singamas Container Holdings Limited
    • Hyundai Motor Company
    • Lamberet SAS
    • Wabash National Corporation
    • Mitsubishi Heavy Industries, Ltd.
    • Great Dane Trailers, Inc. 

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Transport Type
      • Market Snippet, By Technology
      • Market Snippet, By Temperature
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Mergers and Acquisition
    • Key Trends
    • Value Chain Analysis
    • New Product Approvals
    • Porter’s Five Forces Analysis
    • PEST Analysis
  4. Global Refrigerated Transport Market Viewpoint
    • The Deployment Strategy of Fuel Cells
    • Roadmap for Hydrogen and Fuel Cells
    • Technological Trends
    • Technology Transition Analysis
    • R&D spending Analysis
    • Key Collaborations and Funding
    • Assessment on the Development of Fuel Cells in LCVs & HCVs
  5. Global Refrigerated Transport Market, By Transport Type (Qualitative Assessment)
    • Introduction
    • Segment Trends
      • Refrigerated Road Transport
        • Introduction
        • Key Trends
        • Refrigerated Light Commercial Vehicles (LCV)
        • Refrigerated Medium & Heavy Commercial Vehicles (MHCV)
        • Refrigerated Heavy Commercial Vehicles (HCV)
      • Refrigerated Sea Transport
        • Introduction
        • Key Trends
      • Refrigerated Rail Transport
        • Introduction
        • Key Trends
      • Refrigerated Air Transport
        • Introduction
        • Key Trends
  6. Global Refrigerated Transport Market, By Technology, 2018-2026  (US$ Billion)
    • Introduction
    • Segment Trends
      • Vapor Compression Systems
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Billion)
      • Air Blown Evaporators
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Billion)
      • Eutectic Devices
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Billion)
  7. Global Refrigerated Transport Market, By Temperature, 2018-2026  (US$ Billion)
    • Introduction
    • Segment Trends
      • Single Temperature
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Billion)
      • Multi-temperature
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Billion)
  8. Global Refrigerated Transport Market, By Application, 2018-2026  (US$ Billion)
    • Introduction
    • Segment Trends
      • Chilled Food Products
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Billion)
        • Milk
        • Bakery & Confectionary Products
        • Dairy Products
        • Beverages
        • Fresh Fruit & Vegetables
      • Frozen Food Products
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Billion)
        • Ice Cream
        • Frozen Dairy Products
        • Processed Meat
        • Fish & Sea Food
        • Bakery Products
  9. Global Refrigerated Transport Market, By Regions, 2018-2026 (US$ Billion)
    • Introduction
    • Market Share Analysis, By Region, 2017 and 2026 (%)
    • North America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Technology, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Temperature, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Billion)
      • Market Share Analysis, By Country, 2017–2026 (%)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Technology, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Temperature, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • UK
        • France
        • Germany
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Technology, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Temperature, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • China
        • Japan
        • South Korea
        • India
        • Australia
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Technology, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Temperature, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • Brazil
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • Regional Trends
      • Market Size and Forecast, By Technology, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Temperature, 2018–2026 (US$ Billion)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Billion)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • Middle East
        • Africa
  10. Competitive Landscape
    • Company Profiles
      • United Technologies Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Daikin Industries, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ingersoll-Rand PLC (Thermo King)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • China International Marine Containers
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Schmitz Cargobull Aktiengesellschaft
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
      • Utility Trailer Manufacturing Company
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
      • Singamas Container Holdings Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hyundai Motor Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lamberet SAS
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
      • Wabash National Corporation 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mitsubishi Heavy Industries, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Great Dane Trailers, Inc.
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Refrigerated Transport Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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