Refrigerated Transport Market By Type, Region, Companies, Forecast by 2027

Refrigerated Transport Market is expected to reach US$ 25.43 Billion by 2027. Global Forecast by Type, Mode of Transport (Road, Sea, Air), Region, End Users, Company Analysis.
By: Renub Research
 
ROSWELL, Ga. - May 7, 2021 - PRLog -- Refrigerated transportation is also known as reefer transportation. It is a means of transportation for perishable food products such as fresh fruits and vegetables, meat, fish, dairy products, confectionery, and pharmaceuticals by preserving them at low temperatures. Reefer transport systems are active and passive temperature-controlled insulated container systems used for global transport. Appropriate temperature setting help maintain the quality of the products even in harsh environments. According to Renub Research latest report, the Global Refrigerated Transport Market is expected to reach US$ 25.43 Billion by 2027.

Globally, Refrigerated transport is driven by increased demand for home delivery services and developments in the foodservice business and food processing companies. The climatic change affecting transporting infrastructure may create hindrances in the market's growth in the forecast period. However, the need for reefer transport is reinforced by the speedup in distributing dairy products and pharmaceuticals by vans for short-distance transportation. Our study suggests that the Global Reefer Transport Industry is expected to grow with a moderate CAGR of 6% from 2020 to 2027.

The massive demand for home delivery services and developments in the foodservice and food processing sectors is expected to drive the market for Refrigerated road transport in the upcoming period. Furthermore, the sea is estimated to be the fastest growing segment among various modes of transportation for global refrigerated transportation due to the low cost fused with marine freight. Being a reasonable and proficient overseas mode of delivery, this mode of transport has huge scopes for future development. As per our research report, the Worldwide Refrigerated Transportation Market Size was worth US$ 16.91 Billion in 2020.

North America was amongst the largest markets in the global reefer transport sector in 2020. The rise in technological innovations in refrigerated systems and equipment and the changing food consumption pattern is forecasted to positively impact the demand for reefer transport over the forecast period. Also, the Asia-Pacific is deemed to be the fastest-growing market.

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Tags:Refrigerated Transport Market
Industry:Business
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