Market Overview:
The global refrigerated road transport market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for temperature-controlled transportation of food & beverage, chemical products, healthcare products and research samples across the globe. In terms of type, the light commercial vehicles segment is expected to account for a major share of the global refrigerated road transport market during the forecast period. This can be attributed to their low cost and easy maneuverability as compared to medium & heavy commercial vehicles (MHCV) and heavy commercial vehicles (HCV). In terms of application, food & beverage segment is anticipated witness highest growth rate over the forecast period owing high demand from retail sector for chilled or frozen food items transported from production centers or suppliers’ warehouses.
Product Definition:
Refrigerated road transport is the transportation of goods that need to be kept at a low temperature. The goods are placed in a refrigerated truck, which keeps them cold during transit. This type of transportation is important because it allows companies to ship perishable items such as food and flowers over long distances.
Light Commercial Vehicles (LCV):
LCV is a road vehicle used to transport goods and products in the commercial sector. They are generally designed to carry loads of less than 750 kg and have a driver, a cabin for the driver, and sometimes also an assistant driver. LCVs can be powered by diesel or petrol engines with manual or automatic transmission.
Medium & Heavy Commercial Vehicles (MHCV):
Refrigerated road transport is the transportation of temperature-sensitive products such as food, beverages, and pharmaceuticals. The industry has witnessed significant growth over the past few years owing to rising demand for perishable goods across various regions. In addition, factors such as changing lifestyles coupled with increasing purchasing power in developing countries including India and China are expected to fuel market growth over the forecast period.
Application Insights:
The food & beverage application segment led the global refrigerated road transport market in 2017. The segment is also projected to witness significant growth over the forecast period owing to rising demand for fruits and vegetables, processed foods, dairy products and beverages including milk, juice and soda.
Refrigerated trucks are used for transportation of perishable food items such as seafood, meat, poultry products (TPF) that spoil easily if not transported or stored properly. Also known as cold chain in the industry jargon, TPF is one of the major applications driving growth across all regions.
Regional Analysis:
Europe dominated the global market in 2017 owing to the presence of major companies such as Ahold Delhaize, Sainsbury's, Carrefour and Schwarz Group. The region is expected to witness significant growth over the forecast period due to increasing demand for packaged food products and rising health concerns among consumers.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to growing population, changing lifestyles along with increasing disposable income levels in emerging economies including China and India. Furthermore, government initiatives encouraging investments through tax benefits are anticipated to boost regional growth over next eight years.
Growth Factors:
- Increasing demand for perishable goods and food items due to changing lifestyle and growing population.
- Proliferation of supermarkets, hypermarkets, and retail chains that are increasing the demand for refrigerated road transport services.
- Rapid growth in e-commerce sector is leading to increase in demand for temperature-controlled transportation of goods across the country.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigerated Road Transport Market Research Report
By Type
Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicles (MHCV), Heavy Commercial Vehicles (HCV)
By Application
Food & Beverage, Chemical Transportation, Healthcare Products and Research, Others
By Companies
Wabash National Corporation, China International Marine Containers, Daikin Industries, Hyundai Motor Company, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Compan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Refrigerated Road Transport Market Report Segments:
The global Refrigerated Road Transport market is segmented on the basis of:
Types
Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicles (MHCV), Heavy Commercial Vehicles (HCV)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Chemical Transportation, Healthcare Products and Research, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wabash National Corporation
- China International Marine Containers
- Daikin Industries
- Hyundai Motor Company
- Ingersoll-Rand PLC (Thermo King)
- Lamberet SAS
- Schmitz Cargobull AG
- Singamas Container Holdings Limited
- United Technologies Corporation (Carrier Corporation)
- Utility Trailer Manufacturing Compan
Highlights of The Refrigerated Road Transport Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Commercial Vehicles (LCV)
- Medium & Heavy Commercial Vehicles (MHCV)
- Heavy Commercial Vehicles (HCV)
- By Application:
- Food & Beverage
- Chemical Transportation
- Healthcare Products and Research
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refrigerated Road Transport Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refrigerated road transport is a mode of transport that uses refrigerated vehicles to carry goods.
Some of the key players operating in the refrigerated road transport market are Wabash National Corporation, China International Marine Containers, Daikin Industries, Hyundai Motor Company, Ingersoll-Rand PLC (Thermo King), Lamberet SAS, Schmitz Cargobull AG, Singamas Container Holdings Limited, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Compan.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refrigerated Road Transport Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refrigerated Road Transport Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refrigerated Road Transport Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refrigerated Road Transport Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refrigerated Road Transport Market Size & Forecast, 2018-2028
4.5.1 Refrigerated Road Transport Market Size and Y-o-Y Growth
4.5.2 Refrigerated Road Transport Market Absolute $ Opportunity
Chapter 5 Global Refrigerated Road Transport Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Refrigerated Road Transport Market Size Forecast by Type
5.2.1 Light Commercial Vehicles (LCV)
5.2.2 Medium & Heavy Commercial Vehicles (MHCV)
5.2.3 Heavy Commercial Vehicles (HCV)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refrigerated Road Transport Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Refrigerated Road Transport Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Chemical Transportation
6.2.3 Healthcare Products and Research
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigerated Road Transport Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refrigerated Road Transport Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Refrigerated Road Transport Analysis and Forecast
9.1 Introduction
9.2 North America Refrigerated Road Transport Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Refrigerated Road Transport Market Size Forecast by Type
9.6.1 Light Commercial Vehicles (LCV)
9.6.2 Medium & Heavy Commercial Vehicles (MHCV)
9.6.3 Heavy Commercial Vehicles (HCV)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Refrigerated Road Transport Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Chemical Transportation
9.10.3 Healthcare Products and Research
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Refrigerated Road Transport Analysis and Forecast
10.1 Introduction
10.2 Europe Refrigerated Road Transport Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Refrigerated Road Transport Market Size Forecast by Type
10.6.1 Light Commercial Vehicles (LCV)
10.6.2 Medium & Heavy Commercial Vehicles (MHCV)
10.6.3 Heavy Commercial Vehicles (HCV)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Refrigerated Road Transport Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Chemical Transportation
10.10.3 Healthcare Products and Research
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Refrigerated Road Transport Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refrigerated Road Transport Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Refrigerated Road Transport Market Size Forecast by Type
11.6.1 Light Commercial Vehicles (LCV)
11.6.2 Medium & Heavy Commercial Vehicles (MHCV)
11.6.3 Heavy Commercial Vehicles (HCV)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Refrigerated Road Transport Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Chemical Transportation
11.10.3 Healthcare Products and Research
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Refrigerated Road Transport Analysis and Forecast
12.1 Introduction
12.2 Latin America Refrigerated Road Transport Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Refrigerated Road Transport Market Size Forecast by Type
12.6.1 Light Commercial Vehicles (LCV)
12.6.2 Medium & Heavy Commercial Vehicles (MHCV)
12.6.3 Heavy Commercial Vehicles (HCV)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Refrigerated Road Transport Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Chemical Transportation
12.10.3 Healthcare Products and Research
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Refrigerated Road Transport Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refrigerated Road Transport Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Refrigerated Road Transport Market Size Forecast by Type
13.6.1 Light Commercial Vehicles (LCV)
13.6.2 Medium & Heavy Commercial Vehicles (MHCV)
13.6.3 Heavy Commercial Vehicles (HCV)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Refrigerated Road Transport Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Chemical Transportation
13.10.3 Healthcare Products and Research
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refrigerated Road Transport Market: Competitive Dashboard
14.2 Global Refrigerated Road Transport Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wabash National Corporation
14.3.2 China International Marine Containers
14.3.3 Daikin Industries
14.3.4 Hyundai Motor Company
14.3.5 Ingersoll-Rand PLC (Thermo King)
14.3.6 Lamberet SAS
14.3.7 Schmitz Cargobull AG
14.3.8 Singamas Container Holdings Limited
14.3.9 United Technologies Corporation (Carrier Corporation)
14.3.10 Utility Trailer Manufacturing Compan
