Global Refrigerated Transport Industry

Global Refrigerated Transport Industry

  • April 2021 •
  • 364 pages •
  • Report ID: 6032757 •
  • Format: PDF
Abstract:
- Global Refrigerated Transport Market to Reach $23 Billion by 2027
- Amid the COVID-19 crisis, the global market for Refrigerated Transport estimated at US$15.8 Billion in the year 2020, is projected to reach a revised size of US$23 Billion by 2027, growing at aCAGR of 5.5% over the period 2020-2027. Single-Temperature, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$16.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi-Temperature segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 9% CAGR
- The Refrigerated Transport market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

- Select Competitors (Total 37 Featured) -
  • C. H. Robinson
  • Daikin Industries
  • DB Schenker
  • FedEx
  • General Mills
  • Hyundai Motor Company
  • Ingersoll Rand Inc.
  • Krone Commercial Vehicle Group
  • LAMBERET SAS
  • Schmitz Cargobull
  • Singamas Container
  • United Technologies
  • Utility Trailer Manufacturing Company
  • Wabash National