One of the biggest issues faced by most of the industries happens to be logistics. While logistics doesn’t seem a worry for those deal in non-perishable products, it has been haunting those manufacture or sell perishable goods. While cold storage facilities are a great help for such industries, it stills doesn’t resolve the issue when it comes to maintain the quality and efficacy of certain goods and products at the time of actual transit. To take of this issue, the refrigerated vehicles and cold chain transport services are being sought. This market has been proving great help in terms of maintaining quality of goods and products along with transporting them within needed time. This is major reason that been helping the global refrigerated vehicles and cold chain transport market grow.
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The demand for refrigerated vehicles and cold chain transport services in the times of coronavirus pandemic as several drugs, medicines and vaccines were needed. These products were exported and imported in various countries and required maintaining a specific temperature to maintain their safety and efficacy. This helped the global refrigerated vehicles and cold chain transport market grow massively.
The growth of the global refrigerated vehicles and cold chain transport market is majorly driven by growing usage of cold chains in the food and beverage sector in an attempt to prevent food quality from worsening. Also the fact that increasing number of government initiatives to export of food and beverages across the globe also contributes to the growth of this market.
Meanwhile, the high maintenance and installation costs associated with the transportation plays a restraining factor in the growth of the global refrigerated vehicles and cold chain transport market. Though efforts are being taken to bring those costs down. On the other hand, several opportunities like multi-temperature system integration in trucks and trailers is the reason why the global refrigerated vehicles and cold chain transport market is forecasted to witness tremendous growth.
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By Application, Pharmaceuticals and Healthcare segment will witness growth at fastest rate for The Global Refrigerated Vehicles and Cold Chain Transport Market in 2022
This segment which has been further divided into vaccines, biobanks, medicines and drugs, and others, and looking at the current global situation which is still impacted by various diseases will continue to dominate over the next few years. Vaccines, drugs and medicines are needed to be stored at a specific temperature to maintain their efficacy, and refrigerated vehicles and cold chain proves extremely helpful for this industry.
Asia Pacific Region to witness fastest growth for this market Over the Forecast Period (2022 – 2030) in the Global Refrigerated Vehicles and Cold Chain Transport Market
Densely populated countries like India and China which happen to be the biggest market are helping this market take giant strides.
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Some of the major players operating in the global refrigerated vehicles and cold chain transport market are listed below:
- AGRO Merchants Group
- All India Frozen Food Carrier
- Americold
- Coldman
- CONESTOGA COLD STORAGE
- Confederation Freezers
- Endeavour Business Media, LLC
- Gati-Kinetsu Express Private Limited
- Hanson Logistics
- Kloosterboer
- LINEAGE LOGISTICS HOLDING, LLC
- Pulleyn Transport Ltd
- SEAFRIGO
- Stockhabo
- Tippmann Group
- Trenton Cold Storage
- United States Cold Storage
- VersaCold Logistics Services
- Other Market Participants
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Global Refrigerated Vehicles and Cold Chain Transport Market Segmentation
Global refrigerated vehicles and cold chain transport market has been segmented by transportation type, temperature type, application, technology and region which are further classified into respective countries:
Global Refrigerated Vehicles and Cold Chain Transport Market Transportation Type Outlook (Revenue, USD Million, 2015 - 2030)
- Domestic
- International
Global Refrigerated Vehicles and Cold Chain Transport Market Temperature Type Outlook (Revenue, USD Million, 2015 - 2030)
- Chilled
- Frozen
- Deep Frozen
Global Refrigerated Vehicles and Cold Chain Transport Market Application Outlook (Revenue, USD Million, 2015 - 2030)
- Pharmaceuticals and Healthcare
- Vaccines
- Biobanks
- Medicines and Drugs
- Others
- Food and Beverages
- Meat and Seafood
- Dairy and Desserts
- Ready to Eat Meals
- Fruits and Vegetables
- Beverages
- Bakery and Confectionery
- Others (Frozen Snacks, Etc)
- Chemicals
- Others
Global Refrigerated Vehicles and Cold Chain Transport Market Technology Outlook (Revenue, USD Million, 2015 - 2030)
- Vapor Compression
- Blast Freezing
- Cryogenic Systems
- Others
Global Refrigerated Vehicles and Cold Chain Transport Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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