The Refrigerated Goods Trucking Global Market Report 2023 by The Business Research Company, provides refrigerated goods trucking market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Refrigerated Goods Trucking Global Market Report 2023, the global refrigerated goods trucking market size will grow from $62.41 billion in 2022 to $68.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global refrigerated goods trucking is expected to grow to $95.15 billion in 2027 at a CAGR of 8.6%.
Increasing demand for perishable foods such as ready-to-eat food items, milk and dairy products, and fruits and vegetables is predicted to contribute to the growth of the refrigerated goods trucking market. The surging demand for frozen food items is propelling suppliers to equip their refrigerated units with multi-temperature systems, computer controls, and thermal liners to keep the food at the required temperature.
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The refrigerated goods trucking market is segmented:
1) By Vehicle Type: Light Commercial Vehicle, Medium Heavy Commercial Vehicles, Heavy Commercial Vehicles
2) By Temperature: Single Temperature, Multi-Temperature
3) By Application: Food Products, Poultry, Meat, and Seafood, Dairy and Beverages, Bakery And Confectionery, Pharmaceutical, Other Applications
Major companies operating in this market are continuously investing in introducing new technologies such as cloud computing, IoT solutions, solar-powered systems, and communication technologies such as machine learning, GPS, and 5G for greater accountability, visibility, and performance in refrigerated storage and transport. It is estimated that investments in this field are likely to reach $40 billion by the end of 2020. Moreover, in April 2020, Carrier Transicold launched a solar charging system for transport refrigeration unit batteries that has an innovative design that conveniently fits on top of the unit. The innovative solar charging system is capable of delivering 2.0-amp power delivery by combining ultrapure silicon cells with a high-performance charge controller.
The refrigerated goods trucking market report table of contents includes:
1. Refrigerated Goods Trucking Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
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26. Global Refrigerated Goods Trucking Market Competitive Landscape
27. Key Mergers And Acquisitions In The Refrigerated Goods Trucking Market
28. Refrigerated Goods Trucking Market Opportunities And Strategies
29. Refrigerated Goods Trucking Market, Conclusions And Recommendations
30. Appendix
Top Major Players:
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