Refrigerated Vehicle Market to Observe Strong Development by 2024

The Infinium Global Research analyzes the report of Refrigerated Vehicle Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Refrigerated Vehicle Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global markets of Refrigerated Vehicle.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Refrigerated Vehicle Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Refrigerated Vehicle Market are Maersk Line, MSC, Swift Transportation, Air Cargo, Air Canada Cargo, Bay & Bay and Cold Chain Technologies. According to report the global refrigerated vehicle market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.

A refrigerator vehicle is a specially designed vehicle to transport perishable merchandise at specific temperatures. There are many type of refrigerated vehicles as refrigerator cars, refrigerated trucks, who  differ from simple insulated and ventilated vans (commonly used for transporting fruit), neither of which are fitted with cooling system. Refrigerator vehicle has different varieties, it may be either ice-cooled, equipped with any one of a variety of mechanical refrigeration systems powered by small displacement diesel engines, or utilize carbon dioxide (either as dry ice or in liquid form) as a cooling agent.

Global refrigerated vehicle market is showing a positive trend of development around the globe. There are many factors which are indicating a positive outlook of market for medium and long term, as increase in the import and export of perishable commodities as dairy, flowers, medicine, meat products, changing consumption pattern of people globally, preservation of many temperature sensitive products during transportation, rapid growth of organized retail and online store globally are the main factors for the growth of refrigerated vehicle market.  Since refrigerated vehicle are very premium category vehicle, delicate in nature required good infrastructure as standard quality road, high capital investment, internet, trained personnel to operate, maintain and track the movement of these vehicles during transportation. But, these pre-requisite infrastructures are not available in required amount in developing countries. These are major restraints for the global refrigerated vehicle market in short and medium term. 

On the basis of region, the Global refrigerated vehicle market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America has dominated the global refrigerated vehicle market.  Asia region is expected to grow at the highest CAGR during the forecast period of 2018-2024 due to growing movement of perishable products, rapid development of organized retail and online trade, special focus of federal government for export of perishable products etc. 

Segment Covered

The report on global refrigerated vehicle market covers segments such as, vehicle type and product segment. On the basis of vehicle type the global refrigerated vehicle market is categorized into insulated container, refrigerated truck, refrigerated transport by air, multimodal temperature container and atmosphere controlled container. On the basis of product segment the global refrigerated vehicle market is categorized into frozen and chilled.

Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.  The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.

Major Key Players Mentioned in this Premium Report

The report provides profiles of the companies in the global refrigerated vehicle market such as, Carrier Transicold, CMA CGM, GHA Refrigeration, Maersk Line, MSC, Swift Transportation, Air Cargo, Air Canada Cargo, Bay & Bay and Cold Chain Technologies.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global refrigerated vehicle market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of refrigerated vehicle market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the refrigerated vehicle market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the refrigerated vehicle market to understand the present and future trends in this market and formulate their strategies accordingly.

Browse Detailed TOC, Description, and Companies Mentioned in Report @

Reset Password