The global perishable goods transportation market was valued at almost USD 12 billion in 2016 and is expected to surpass USD 15 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global perishable goods transportation market, under its logistics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like C.H. Robinson, Ingersoll-Rand, Maersk Line, and Swift Transportation.
According to Sharan Raj, a lead analyst for logistics research at Technavio, “The primary reason for the growth of the frozen food segment is due to the lifestyle change and dietary patterns of consumers across the world. Storage of frozen foods such as vegetables, fruits, meat, and pre-cooked meals needs to be done at required temperatures.”
Transportation of frozen food plays a vital role in the entire cold chain logistics and it is an integral part of the entire supply chain. Vendors in the market are integrating their refrigerated units with thermal liners, computer controls, and multi-temperature systems to keep the food at the required temperature during transportation.
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Integration of GPS tracking and temperature monitoring systems
To avoid the huge loss of goods, manufacturers are installing temperature monitoring systems in the refrigerated units. Through the temperature monitoring system, a temperature alarm is set in each truck or trailer that is monitored either through fleet management software or intelligent alarm units. This monitoring systems send messages to the drivers in case of any equipment failure.
Sustainable initiatives by manufacturers
Perishable goods operators and shippers are looking for innovative ways to balance energy requirements of perishable products, also keeping in mind the need to reduce resource consumption. Service providers are switching to electric vehicles, especially when perishable goods need to be transported to a short distance. Vendors are also innovating efficient insulators to be applied on reefers to improve efficiency, retain the quality of goods, and reduce wastage of fuels.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Perishable Goods Transportation Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Railcar Leasing Market in North America 2017-2021
- 3PL Market in Japan 2017-2021
- Global Third-Party Logistics Market 2017-2021
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