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The "Global Refrigerated Transport Market– Qualitative Insights, by Transport Type  (Refrigerated Road Transport (Refrigerated Light Commercial Vehicles (LCV), Refrigerated Medium & Heavy Commercial Vehicles (MHCV), and Refrigerated Heavy Commercial Vehicles (HCV)), Refrigerated Sea Transport, Refrigerated Rail Transport, and Refrigerated Air Transport), by Technology (Vapor Compression Systems, Air Blown Evaporators, and Eutectic Devices), by Temperature (Single Temperature and Multi-temperature), by Application (Chilled Food Products (Milk, Bakery & Confectionery Products, Dairy Products, Beverages, and Fresh Fruits & Vegetables) and Frozen Food Products (Ice Cream, Frozen Dairy Products, Processed Meat, Fish & Sea Food, and Bakery Products)), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2027”, is expected reach US$ 27.21 billion by 2027, exhibiting a CAGR of 6.32% during the forecast period (2019-2027).

Growing e-commerce industry or door to door services is one of the major factors propelling the demand for light commercial refrigerated vehicle, as light commercial refrigerated vehicles efficiently deliver the products. The refrigerated vans or LCV have increasing demand, owing to rising demand for ready to eat/cook food, dairy products, and pharma products. Furthermore, increasing production of electric vans or electric LCVs has accelerated the need for LCVs in the market. For Instance, in 2017, Nissan launched an e-NV200 electric small delivery van with refrigerator concept.

Browse over 40 Market Data Tables and 60 Figures spread through over 180+ Pages and in-depth TOC on "Global Refrigerated Transport Market, by Transport Type (Refrigerated Road Transport (Refrigerated Light Commercial Vehicles (LCV), Refrigerated Medium & Heavy Commercial Vehicles (MHCV), and Refrigerated Heavy Commercial Vehicles (HCV)), Refrigerated Sea Transport, Refrigerated Rail Transport, and Refrigerated Air Transport), by Technology (Vapor Compression Systems, Air Blown Evaporators, and Eutectic Devices), by Temperature (Single Temperature and Multi-temperature), by Application (Chilled Food Products (Milk, Bakery & Confectionery Products, Dairy Products, Beverages, and Fresh Fruits & Vegetables) and Frozen Food Products (Ice Cream, Frozen Dairy Products, Processed Meat, Fish & Sea Food, and Bakery Products)), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2027".

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/refrigerated-transport-market-920

Key Takeaways of the Global Refrigerated Transport Market:

  • The global refrigerated transport market is projected to reach US$ 27.21 billion by 2027, exhibiting a CAGR of 6.32% over the forecast period
  • Among application, frozen food products segment held the dominant position in 2018 in the global refrigerated transport market. Consumers are shifting their preference to frozen food owing to inability of cooking and lack of time, which results in shifting preference of consumers towards frozen ready-to-cook food. Moreover, manufacturers are focusing on strategies such as acquisitions and product development to increase the quality of processed and frozen food items. For instance, in June 2018, Tyson Foods Inc., one of the leading brands of supplying branded organic chicken acquired Tecumseh Poultry LLC. The primary objective of the acquisition was to produce air chilled and fresh chicken in a variety of options, which significantly increased the consumption rate.
  • Among temperature, the multi-temperature segment is expected to be the fastest growing segment in the market over the forecast period
  • According to ’ study, Europe held dominant position in the global refrigerated transport market in 2018 and is projected to retain its dominance throughout the forecast period. Germany and France are major growth engines of this region, owing to Germany’s growing pharmaceutical exports and France’s personal & beauty care products exports across the world. According to ’ analysis, in 2018, Germany accounted for 29.7% of the total refrigerated transport market share, globally. Moreover, France accounted for 26.2% of the global refrigerated transport market share in 2017, according to
  • Moreover, Middle East & Africa are expected to offer lucrative opportunities to market players in the refrigerated transport market, owing to existing harsh weather conditions, specifically in the Middle East and requirement to enhance the storage capabilities of these edible products.
  • Some of the market players operating in the global refrigerated transport market include China International Marine Containers (Group) Ltd., Daikin Industries, Ltd., Great Dane Trailers, Inc., HYUNDAI Translead, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Mitsubishi Heavy Industries, Ltd., Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Company, Wabash National Corporation, and Vehicle Works Bernard Krone Gmbh & Co. KG
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