Refrigerated road transport refers to the automotive systems designed for transportation of perishable freights at specific temperatures to retain its quality over its course. These automotive are integrated with cooling apparatus, powered by small displacement diesel engines or utilize dry ice as cooling agent to maintain specific temperatures. Requirement to maintain the edible quality of the products and compliance to the regional food quality regulations, is projected to be among the prominent growth driver of the refrigerated road transport market over the forecast period (2017–2025).
 
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Market Dynamics
Significant growth of multi-chain food and beverage retail industry is anticipated to be among the prominent growth driver of the industry. Food and beverages industry retailing and servicing has witnessed considerable evolution over the last few years. Business models providing online services to cater the consumer appetite requirements, high growth in consumer motivation towards packaged foods are among the prominent trends witnessed across all the major economies of the globe. In conjunction with these factors, development of stringent food quality standards, to safeguard consumer health will present strong growth prospects over the next few years. For instance, Food Guidance & Regulation – FDA in U.S., General Food Law Regulation and European Food Safety Authority (EFSA) in Europe regulate the standards for manufacturing, processing, industry systems, and import/export activities. However, high initial investment and maintenance cost of these systems is expected to be among the major factors that will continue to hamper the overall industry growth over the next few years.
 
Key features of the study:

This report provides in-depth analysis of refrigerated road transport, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global refrigerated road transport market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, refrigerated road transport market capital, key developments, strategies, and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
The global refrigerated road transport market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts

 
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global refrigerated road transport market
 
Detailed Segmentation:
Global Refrigerated Road Transport Market, By Transportation Mode:
LCV
MHCV
HCV
Global Refrigerated Road Transport Market, By Cooling Type:
Chilled
Frozen
Global Refrigerated Road Transport Market, By Technology:
Cryogenic systems
Vapor Compression Systems
 
Asia Pacific refrigerated road transport market size accounted for 31.16% of the global industry share, is expected to continue its dominance over the forecast period. Moreover, the market in the region is also expected to witness highest growth over the near future, primarily owing to the world’s largest population base that in turn led to high consumption requirements, and presence of large number of emerging economies that include China, India, Thailand, Indonesia and other ASEAN economies.
 
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Some of the major players in the refrigerated road transport market are China International Marine Containers Ltd., Daikin Industries, Ltd., Ingersoll-Rand PLC, Hyundai Motor Company, Lamberet SAS, Singamas Container Holdings Limited, Schmitz Cargobull AG, United Technologies Corporation (Carrier Corporation), Utility Trailer Manufacturing Company, and Wabash National Corporation.
Reducing the engine power consumption, providing efficient and better cooling capacities at competitive costs are among the prominent strategies adopted by the players to strengthen their industry foothold. For instance, in December 2017, ABC Transport purchased 6 Maxi-CUBE refrigerated trailers that were integrated with the Carrier Vector 8600 Multi-Temp (MT) units. On average, these installations featured 26% less fuel consumption, 20% less engine power consumption and 4% better cooling capacity than the competition.
 
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