Technavio, a tech-focused market research firm, has published a new report on the global refrigerated road transportation market, which is expected to grow at an impressive CAGR of more than 26% during the forecast period of 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global refrigerated road transportation market into the following key regions: The Americas, APAC, and EMA.
Source: Technavio
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Top three contributors for the global refrigerated road transportation market are elaborated below
Refrigerated road transportation in Americas: In North America, the US cold chain systems are highly developed and are integrated with advanced technologies that provide high-quality products to the consumers. Increased private-public partnership in the transportation and logistics sector, will result in more number of cross-border trades and is expected to lead to the growth of the market in this region.
The transportation and logistics sector in North America has efficient private-public partnerships, which enables them to receive significant logistics support for refrigerated transport services and help ameliorate cross-border trades with Mexico and Latin and Central American countries.
According to Sharan Raj, a lead analyst at Technavio, specializing in research on transportation and distribution, “The transportation and logistics sector in North America has efficient private-public partnerships, which enables them to receive significant logistics support for refrigerated transport services and help improve cross-border trades with Mexico and Latin and Central American countries.”
Refrigerated road transportation market in APAC: The growth of the refrigerated road transportation market in APAC during the forecast period is likely to be driven by the rising consumption of meat and pre-cooked meals in the region. Changes in lifestyle and dietary patterns among Asian consumers has led to increased consumption of fresh and frozen foods, thereby, augmenting the demand for road freight transportation.
Refrigerated road transportation market in EMEA: The growing online grocery market, especially from the Europe region is the fundamental driving force behind the growth of the market in this region. Leading countries for online grocery market include the UK, France, Germany, and the Netherlands.
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Leading vendors operating in the global refrigerated road transportation market are:
- Carrier Transicold
- GAH Refrigeration
- Culina
- Swift Transportation
Other prominent vendors in the market include Bay & Bay Transportation, DB Schenker, CRST International, Frost Trucking, Great Dane, Hanson Logistics, MCT Transportation, Randon Implementos, Schmitz Cargobull, WEL Companies, West Coast Carriers, and Witte Bros. Exchange.
A more detailed analysis is available in the Technavio report titled, ‘Global Refrigerated Road Transportation Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Refrigerated Transportation Market 2016-2020
- Global Perishable Goods Transportation Market 2016-2020
- 3PL Market in Brazil 2016-2020
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