Refrigerated Transportation Industry to Grow at 6.96% CAGR to 2020
- Written by: Pitch Engine
The analysts forecast global refrigerated transportation market to grow at a CAGR of 6.96% during the period 2016-2020.
Refrigerated transportation is used to supply customers with safe and high-quality perishable goods. These perishable goods can be perishable food products, pharmaceuticals, or others like flowers and chemical products. This type of transportation is carried out via roadways, seaways, and airways. Transportation by airways is used mainly by the pharmaceutical industry.
The cleaning of refrigeration systems used for transportation is done by vapor-compression refrigeration or total loss refrigerants. Since hygiene is an important concern for supply chain providers, logistics providers are focusing more on hygiene. Also, refrigerated transportation requires more technical requirements than other refrigeration applications as it is exposed to a wide range of temperature and extreme weather conditions. Logistics providers are focused on maintaining the minimum and maximum critical temperature points. A variation from the critical temperature may result in a reduced shelf life of the goods.
Covered in this reportThis report covers the present scenario and the growth prospects of the global refrigerated transportation market for 2016-2020. To calculate the market size, the report considers the total revenue generated by different vendors through the refrigerated transportation of perishable foods, pharmaceuticals, and other goods, like liquid chemicals.
The market is divided into the following segments based on geography:
- North America
- APAC
- Europe
- ROW
The report, Global Refrigerated Transportation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Carrier Transicold
- CMA CGM
- GAH Refrigeration
- Maersk Line
- Mediterranean Shipping Company (MSC)
- Swift Transportation
Other prominent vendors
- Agility
- Air Canada Cargo
- Avinex Ukr
- Bay & Bay
- Biocair
- Biotec Services
- CEVA
- Cold Chain Technologies
- Continental Air Cargo
- CRST International
- Culina Group
- DB Schenker
- FedEx
- Frost Trucking
- FST Logistics
- Green Reefers Group
- Hanson Logistics
- NYK Line
- Seatrade Reefer Chartering
- UPS
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Market driver
- Growing demand for frozen foods
Market challenge
- Lack of efficient logistics support
Market trend
- Increased provision of end-to-end integrated services
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
About US:
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Authors: Pitch Engine
Read more http://www.pitchengine.com/pitches/9135fc71-bdd5-41f6-93b2-7130e705044e
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