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Refrigerated Road Transportation Market by Type, Application and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 165
  • SKU: IRTNTR45015
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The refrigerated road transportation market is estimated to grow at a CAGR of 6.46% between 2022 and 2027. The size of the market is forecast to increase by USD 3,582.64 million. The growth of the market depends on serval factors, including the rising initiatives to promote the cold chain, the growth in demand for reefer containers from the pharmaceutical industry, and the increasing number of trade corridors.

This report extensively covers market segmentation by type (refrigerated trailers and refrigerated vans), application (chilled food and frozen food), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Refrigerated Road Transportation Market During the Forecast Period?

Refrigerated Road Transportation Market Size

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Parent Market Analysis

Technavio categorizes the global refrigerated road transportation market as a part of the global trucking market within the global transportation market. The parent global trucking market covers companies engaged in goods and passenger land transportation, including vehicle rental and taxi companies. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Refrigerated Road Transportation Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising initiatives to promote cold chain are notably driving the market growth, although factors such as losses due to temperature excursion may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Refrigerated Road Transportation Market Driver

The rising initiatives to promote the cold chain are the key factor driving global refrigerated road transportation market growth. The cold chain market in countries such as Brazil, China, India, and South Africa was in the nascent stage during 2005-2015. International regulatory bodies and governments across the world have introduced various regulations that focus on food and drug safety, which promotes the growth of the cold chain.

Many laws and regulations were formulated for strictly controlling and supervising cold-chain pharmaceutical production and management. The above factors are prompting many pharmaceutical manufacturers to shift their focus to the use of cold chain solutions such as refrigerated road transportation for maintaining the purity of their products. Thus the global market in focus is expected to witness high growth during the forecast period.

Key Refrigerated Road Transportation Market Trend

The advances in refrigerator monitoring systems is the primary trend in the global refrigerated road transportation market. A smart refrigerator monitoring system is an intelligent technology that enables users to control their refrigerated cabinets remotely using a smartphone, tablet, or desktop. Traditional refrigerator monitoring systems only allow users to change the temperature or check the status of the refrigerator using the built-in control panel or switch.

However, a smart refrigerator monitoring system gives consumers user-friendly, efficient, and accessible control over traditional refrigerator monitoring systems. This helps in reducing the total turnaround time and prevents companies from incurring huge losses due to unplanned maintenance. Moreover, the benefits of refrigerator monitoring systems are encouraging users to adopt these systems for maximizing control for high efficiency, reducing operating costs, and extending equipment life. Hence, the advent of refrigerator monitoring systems will encourage several vendors to provide in-built refrigerator monitoring systems during the forecast period.

Key Refrigerated Road Transportation Market Challenge

The loss due to temperature excursion is a major challenge to the global refrigerated road transportation market growth. Refrigerated and temperature-controlled transport services are often supplied by a third-party logistics service provider that specializes in cold storage transportation. Temperature excursion is one of the major concerns for refrigerated road transportation service providers as it requires high investments. For example, the biopharma industry loses approximately $35 billion annually as a result of failures in temperature-controlled logistics, according to IQVIA Institute for Human Data Science.

Apart from this, the cost of replacing the faulty equipment, which is the primary cause of temperature tripping, is also high. Temperature excursion can also lead to damage to logistics costs because most refrigerated cargoes (especially pharmaceutical products) are highly temperature-sensitive in nature. A slight variation in temperature can cause product adulteration. The adulterated products cannot be sold in the market, which, in turn, affects the profitability of both manufacturers and refrigerated road transportation service providers. Other expenses, such as labor costs, will also reduce the profit margins of these service providers, which impacts the growth of the market.

Key Refrigerated Road Transportation Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Refrigerated Road Transportation Market Share by Geography

Global Refrigerated Road Transportation Market Customer Landscape

Who are the Major Refrigerated Road Transportation Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

bayandbay.com - The company offers refrigerated transportation services which are designed to carry out frozen and pharmaceutical products. Also, this segment offers refrigerated trucking, dry tank, flatbed/open deck, LTL services. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • C H Robinson Worldwide Inc.
  • Carrier Global Corp.
  • CMA CGM Group
  • CRST The Transportation Solution Inc.
  • Daikin Industries Ltd.
  • DB Schenker
  • Deutsche Post AG
  • FedEx Corp.
  • GAH (Refrigeration) Ltd.
  • Great Dane LLC
  • Knight Swift Transportation Holdings Inc.
  • Mike Frost Trucking Inc.
  • Unternehmensgruppe Theo Muller
  • WEL Companies Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Refrigerated Road Transportation Market?

The market share growth by the refrigerated trailers segment will be significant during the forecast period. Refrigerated trailers are usually used to transfer food and beverages at controlled temperatures for a long distance, primarily from one city to another. The temperatures may vary depending on the food product that is being transported. The food items that are usually transported in refrigerated trailers are frozen food, confectioneries, and dairy products.

Refrigerated Road Transportation Market Size

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The refrigerated trailers segment was valued at USD 3,446.07 million in 2017 and continue to grow by 2021Dairy products, such as cheese, butter, spreadable fats, cream, drinkable yogurt, dairy-based and soy-based desserts, quark, soymilk and soy drinks, milk, and yogurt, are highly perishable, and the nutritional composition of these products make them an ideal medium for microbial growth. Hence, these products require a low-temperature environment during transportation. This will drive the demand for refrigerated trailers.

Which are the Key Regions for the Refrigerated Road Transportation Market?

Refrigerated Road Transportation Market Share by Geography

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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The consumer healthcare industry in APAC increased significantly primarily due to increasing investments from both government and private sectors for the improvement of healthcare infrastructure. In addition, the growing foreign investments and ease of access to healthcare insurance in most Asian countries are expected to boost the growth of the consumer healthcare market in APAC. The high growth is expected because of the enhanced healthcare facilities, coupled with the increased investments by governments and non-governmental organizations (NGOs) for improving public health standards. These factors will increase the demand for refrigerated road transportation during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for APAC. Moreover, in Q1 of 2021, vaccines were introduced in the region, which led to the reopening of the supply chain. The removal of lockdown restrictions led to the reopening of the food manufacturing units. Hence, these factors are likely to boost the potential growth of the transportation sector in the region, thereby negatively impacting the market in focus. Therefore, the global refrigerated road transportation market is expected to witness high growth during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Refrigerated trailers and Refrigerated vans), Application (Chilled food and Frozen food), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • Type Outlook (USD Million, 2017 - 2027)
    • Refrigerated trailers
    • Refrigerated vans
  • Application Outlook (USD Million, 2017 - 2027)
    • Chilled food
    • Frozen food
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Argentina
      • Brazil
      • Chile
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Refrigerated Road Transportation Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.46%

Market growth 2023-2027

USD 3,582.64 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.01

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, Canada, China, Japan, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Bay and Bay Transportation, C H Robinson Worldwide Inc., Carrier Global Corp., CMA CGM Group, CRST The Transportation Solution Inc., Daikin Industries Ltd., DB Schenker, Deutsche Post AG, FedEx Corp., GAH (Refrigeration) Ltd., Great Dane LLC, Knight Swift Transportation Holdings Inc., Mike Frost Trucking Inc., Unternehmensgruppe Theo Muller, WEL Companies Inc., West Coast Carriers, Witte Bros Exchange Inc., XPO Logistics Inc., and AP Moller Maersk AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Refrigerated Road Transportation Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the refrigerated road transportation market between 2023 and 2027
  • Precise estimation of the size of the refrigerated road transportation market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of refrigerated road transportation market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global refrigerated road transportation market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global refrigerated road transportation market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 By application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – By application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Refrigerated trailers - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Refrigerated trailers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Refrigerated trailers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Refrigerated trailers - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Refrigerated trailers - Year-over-year growth 2022-2027 (%)
    • 6.4 Refrigerated vans - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Refrigerated vans - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Refrigerated vans - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Refrigerated vans - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Refrigerated vans - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 Chilled food - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Chilled food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Chilled food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Chilled food - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Chilled food - Year-over-year growth 2022-2027 (%)
    • 7.4 Frozen food - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Frozen food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Frozen food - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Frozen food - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Frozen food - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 55: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 AP Moller Maersk AS
              • Exhibit 108: AP Moller Maersk AS - Overview
              • Exhibit 109: AP Moller Maersk AS - Business segments
              • Exhibit 110: AP Moller Maersk AS - Key offerings
              • Exhibit 111: AP Moller Maersk AS - Segment focus
            • 12.4 Bay and Bay Transportation
              • Exhibit 112: Bay and Bay Transportation - Overview
              • Exhibit 113: Bay and Bay Transportation - Product / Service
              • Exhibit 114: Bay and Bay Transportation - Key news
              • Exhibit 115: Bay and Bay Transportation - Key offerings
            • 12.5 C H Robinson Worldwide Inc.
              • Exhibit 116: C H Robinson Worldwide Inc. - Overview
              • Exhibit 117: C H Robinson Worldwide Inc. - Business segments
              • Exhibit 118: C H Robinson Worldwide Inc. - Key news
              • Exhibit 119: C H Robinson Worldwide Inc. - Key offerings
              • Exhibit 120: C H Robinson Worldwide Inc. - Segment focus
            • 12.6 Carrier Global Corp.
              • Exhibit 121: Carrier Global Corp. - Overview
              • Exhibit 122: Carrier Global Corp. - Business segments
              • Exhibit 123: Carrier Global Corp. - Key news
              • Exhibit 124: Carrier Global Corp. - Key offerings
              • Exhibit 125: Carrier Global Corp. - Segment focus
            • 12.7 CMA CGM Group
              • Exhibit 126: CMA CGM Group - Overview
              • Exhibit 127: CMA CGM Group - Business segments
              • Exhibit 128: CMA CGM Group - Key offerings
              • Exhibit 129: CMA CGM Group - Segment focus
            • 12.8 CRST The Transportation Solution Inc.
              • Exhibit 130: CRST The Transportation Solution Inc. - Overview
              • Exhibit 131: CRST The Transportation Solution Inc. - Product / Service
              • Exhibit 132: CRST The Transportation Solution Inc. - Key offerings
            • 12.9 DB Schenker
              • Exhibit 133: DB Schenker - Overview
              • Exhibit 134: DB Schenker - Business segments
              • Exhibit 135: DB Schenker - Key offerings
              • Exhibit 136: DB Schenker - Segment focus
            • 12.10 Deutsche Post AG
              • Exhibit 137: Deutsche Post AG - Overview
              • Exhibit 138: Deutsche Post AG - Business segments
              • Exhibit 139: Deutsche Post AG - Key news
              • Exhibit 140: Deutsche Post AG - Key offerings
              • Exhibit 141: Deutsche Post AG - Segment focus
            • 12.11 FedEx Corp.
              • Exhibit 142: FedEx Corp. - Overview
              • Exhibit 143: FedEx Corp. - Business segments
              • Exhibit 144: FedEx Corp. - Key offerings
              • Exhibit 145: FedEx Corp. - Segment focus
            • 12.12 GAH (Refrigeration) Ltd.
              • Exhibit 146: GAH (Refrigeration) Ltd. - Overview
              • Exhibit 147: GAH (Refrigeration) Ltd. - Product / Service
              • Exhibit 148: GAH (Refrigeration) Ltd. - Key offerings
            • 12.13 Great Dane LLC
              • Exhibit 149: Great Dane LLC - Overview
              • Exhibit 150: Great Dane LLC - Product / Service
              • Exhibit 151: Great Dane LLC - Key offerings
            • 12.14 Knight Swift Transportation Holdings Inc.
              • Exhibit 152: Knight Swift Transportation Holdings Inc. - Overview
              • Exhibit 153: Knight Swift Transportation Holdings Inc. - Business segments
              • Exhibit 154: Knight Swift Transportation Holdings Inc. - Key news
              • Exhibit 155: Knight Swift Transportation Holdings Inc. - Key offerings
              • Exhibit 156: Knight Swift Transportation Holdings Inc. - Segment focus
            • 12.15 Unternehmensgruppe Theo Muller
              • Exhibit 157: Unternehmensgruppe Theo Muller - Overview
              • Exhibit 158: Unternehmensgruppe Theo Muller - Product / Service
              • Exhibit 159: Unternehmensgruppe Theo Muller - Key offerings
            • 12.16 Witte Bros Exchange Inc.
              • Exhibit 160: Witte Bros Exchange Inc. - Overview
              • Exhibit 161: Witte Bros Exchange Inc. - Product / Service
              • Exhibit 162: Witte Bros Exchange Inc. - Key offerings
            • 12.17 XPO Logistics Inc.
              • Exhibit 163: XPO Logistics Inc. - Overview
              • Exhibit 164: XPO Logistics Inc. - Business segments
              • Exhibit 165: XPO Logistics Inc. - Key offerings
              • Exhibit 166: XPO Logistics Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Refrigerated Road Transportation market growth will increase by $3582.64 million during 2023-2027.
              The refrigerated road transportation market is expected to grow at a CAGR of 6.46% during 2023-2027.
              Technavio has segmented the refrigerated road transportation market by type (Refrigerated trailers and Refrigerated vans) ,application (Chilled food, Frozen food, Europe, South America, and MEA) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              Bay and Bay Transportation, C H Robinson Worldwide Inc., Carrier Global Corp., CMA CGM Group, CRST The Transportation Solution Inc., Daikin Industries Ltd., DB Schenker, Deutsche Post AG, FedEx Corp., GAH (Refrigeration) Ltd., Great Dane LLC, Knight Swift Transportation Holdings Inc., Mike Frost Trucking Inc., Unternehmensgruppe Theo Muller, WEL Companies Inc., West Coast Carriers, Witte Bros Exchange Inc., XPO Logistics Inc., AP Moller Maersk AS are a few of the key vendors in the refrigerated road transportation market.
              APAC will register the highest growth rate of 45.82% among the other regions. Therefore, the refrigerated road transportation market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the refrigerated road transportation market growth are:
              • Rising initiatives to promote cold chain
              • Advances in refrigerator monitoring systems
              The refrigerated road transportation market vendors should focus on grabbing business opportunities from the refrigerated trailers segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
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