Refrigerated Road Transportation Market

Refrigerated Road Transportation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Refrigerated Road Transportation Market: Introduction

Refrigerated transportation is a method of shipping goods that requires special, temperature-controlled vehicles. The type of goods transported include dairy products, seafood, and pharmaceuticals products and chemicals. The vehicle transporting these products has a built-in refrigeration system, which helps to keep products at a certain temperature throughout the transportation journey.
Refrigerated road transportation enables the transport of goods that require a temperature-controlled environment in a rapid and efficient manner, as compared to other modes of transportation. The rise in demand for perishable goods including seafood and chemicals are increasing, which requires refrigerated transportation would help to drive the refrigerated road transportation market across the globe.

Key Drivers of Refrigerated Road Transportation Market:

In developing and major emerging economies, transportation of products and goods by means of roadways plays an integral role in transportation sector. Moreover, refrigerated road transportation is cost-effective for door-to-door service owing to improved road infrastructure. This is anticipated to propel the refrigerated road transportation market across the globe.
Online shopping is witnessing significant expansion owing to an increase in speedy internet access, which has led to a rise in preference toward e-tailing among consumers. Consumer preference for online purchase of medication is increasing rapidly, which is likely to boost the refrigerated road transportation market across the globe. Furthermore, convenience of shopping from home is projected to boost e-commerce and consequently, drive the refrigerated road transportation market across the globe.
Rise in delivery of dairy products and pharmaceuticals by vans for minimum distance transportation is estimated to propel the refrigerated road transportation market across the globe. Increase in demand for home delivery services and developments in the food service industry is projected to fuel the refrigerated road transportation market across the globe.

Asia Pacific and Europe to hold prominent share of global refrigerated road transportation market

Asia Pacific is projected to hold a major share of the global refrigerated road transportation market due to growing investments by governments for development projects related to transportation infrastructure, railways, highways, and airports across the region. Improvement of road & transport network and cross-country trade in the region for the years is likely to further boost the refrigerated road transportation market across the region.
Followed by Asia Pacific, Europe is projected to hold a significant share of the global refrigerated road transportation market due to an increase in liquid goods transportation across the region. Moreover, transportation of pharmaceuticals and chemical is expanding rapidly across Europe, which in turn is estimated to boost the refrigerated road transportation market in the region.

Key Players Operating in Global Refrigerated Road Transportation Market:

The global refrigerated road transportation market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the refrigerated road transportation market are: