London, 04 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Refrigerated Transportation Market in the US 2015-2019, which is expected to post a CAGR of 12.44 percent during the forecast period of 2014-2019.
Several end-users choose refrigerated trailers over refrigerated vans as vans consume more energy than trailers. High economic growth in the region and developed industries has boosted the growth of the market. Moreover, the vendors in the US have efficient private-public partnerships, which enable them to receive significant logistics support for refrigerated transport services.
“End-users need product-specific refrigerated vehicles that can prevent food contamination by avoiding cross-product transportation,” says Faisal Ghaus, Vice President of TechNavio.
“Refrigerated transportation service providers need to develop product-specific transportation services without reducing the number of pallets per shipment, to reduce the number of miles covered.”
Key Market Drivers
- Upsurge in Demand for Refrigerated Trailers
- Increased Outsourcing of Transportation Services
- Growth in Organized Retail Sector
- Need to Reduce Food Wastage
Key Market Trends
- Need for Product-specific Refrigerated Vehicles
- Increase in Demand for Hybrid Refrigerated Vehicles
- Increase in Demand for End-to-end Integrated Services
- Adoption of Eco-friendly Vehicles
Key Market Vendors
- C.R. England Inc.
- Greatwide Logistics Services LLC
- Prime Inc.
- Stevens Transport Inc.
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
