- The key vendors in the Global Refrigerated Road Transportation Market 2015-2019 are Carrier Transicold, Culina Group Ltd., GAH Refrigeration Ltd. and Swift Transportation Inc.
London, 28 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Refrigerated Road Transportation Market 2015-2019. The increased provision of end-to-end integrated services by vendors is one of the key trends upcoming in this market. Numerous service providers offer end-to-end cold chain management services to customers such as inventory management, order scheduling, order forecasting, warehousing, and delivery management and are participating in the decision making. The Global Refrigerated Road Transportation market is expected to post a CAGR of 17.95 percent during the forecast period of 2014-2019.
Various vendors in the Logistics and Transportation industry are entering the Global Refrigerated Road Transportation market to offer cold chain solutions. Refrigerated vans operate within the domestic territory of a country, and shipments are delivered within a day or two. The growing demand for chilled and frozen food has driven the growth of the market.
“Shippers now tend to choose a vendor that has a smaller carbon footprint and generates fewer pollutants,” says Faisal Ghaus, Vice President of TechNavio Research.
“Refrigerated transport providers are using eco-friendly electric vehicles using renewable sources of energy. A few companies have already moved toward the Go Green concept.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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