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Refrigerated Transport Market Trends

  • Report ID: GMI10138
  • Published Date: Aug 2024
  • Report Format: PDF

Refrigerated Transport Market Trends

One of the leading technology trends in the refrigerated transport industry is the integration of IoT (Internet of Things) and telematics systems. These innovations are transforming how refrigerated transport is managed by enabling real-time monitoring and control of temperature-sensitive cargo. IoT devices installed in refrigerated trucks and containers continuously track temperature, humidity, and other critical parameters, ensuring that perishable goods remain within required conditions throughout the transportation process. This real-time data is essential for preventing spoilage, reducing waste, and ensuring compliance with regulatory standards.
 

A practical example of this trend is Thermos King, a global leader in transport temperature control solutions. In September 2023, Thermos King launched advanced telematics solutions like the Tracking platform, providing operators with real-time visibility into their refrigerated fleets. The system enables users to monitor the location and status of their vehicles, receive alerts for any deviations from the set temperature ranges, and access historical data for analysis. This technology not only helps maintain the quality of perishable goods but also enhances operational efficiency by optimizing routes and reducing fuel consumption.
 

These advancements reflect a broader industry shift toward leveraging digital technologies to improve the reliability, efficiency, and sustainability of refrigerated transport. The ability to monitor and manage transport conditions in real-time not only minimizes the risk of spoilage but also helps companies comply with increasingly stringent regulatory requirements for transporting perishable goods.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of refrigerated transport reached USD 125.6 billion in 2023 and is set to register over 6% CAGR between 2024 and 2032, led by increasing demand for perishable goods globally and stringent food safety regulations and compliance.

The chilled food products segment is expected to reach USD 94 billion by 2032, due to rising demand for fresh, healthy foods and advanced refrigeration technologies.

North America market accounted for 37% revenue share in 2023, owing to the U.S.'s strong agricultural production, advanced logistics, and innovative refrigeration technologies enhancing food export quality.

C.R.England Inc., C.H. Robinson Worldwide, Inc., Daikin Industries Ltd., Fenagy, Great Dane LLC, J. B. Hunt Transport Services, Inc., and Kuehne + Nagel International AG.

Refrigerated Transport Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 330
  • Countries covered: 22
  • Pages: 290
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