Refrigerated transport is a method of transporting shipments (Meats, fish, fruits, vegetables, pharmaceutical products, etc.) with specially designed temperature-controlled trucks or vehicles. The transporting trucks have a built-in refrigeration system that maintains the regulated temperature through the shipment process. Based on the type of cargo carried, refrigerated transport vehicles can be categorized into the following segments:
- Isothermal trucks: It has insulating walls, as well as the floor and ceiling inside the merchandise section to control the temperature.
- Refrigerated trucks: This isothermal vehicle manages to reduce the temperature inside the cargo area and preserve it for a long duration.
- Fully integrated refrigerated truck: The truck has a device that cools the cargo box. It reduces the temperature inside the merchandise and keeps it stable between 12 degrees and -20 degrees, depending on the product inside the vehicle.
- Calorific truck: It generates heat and manages to increase the interior temperature (above 12 degrees) and keep it stable for around 12 hours.
Read report summary or request a free sample copy of the report “Refrigerated Transport Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”
Demand Outlook
The global refrigerated transport market was valued at USD 16 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 due to the increasing trade of perishable commodities across the globe. The fish & seafood industry is the largest contributor in the end-user segment of the global refrigerated transport market with more than 50% revenue share. APAC is the largest geographic segment in the global industry due to the strong presence of the seafood and meat industry across the region. APAC accounted for more than 40% of revenue share.
Cost Drivers
The cost of refrigerated transport services can be categorized into two parts. Cost of vehicle (Fixed cost) and service costs (Variable cost). The fixed cost has a small share in the overall cost of refrigerated transport services. Whereas, variable costs play a crucial role in determining the total cost of refrigerated transport services. Fuel costs, driver wages, insurance, toll charges are the major variable cost component. Fuel costs and driver wages accounted for 55-60% of the overall cost of service. The share of fuel costs and driver wages changes based on region. For instance, driver wages in APAC countries are 25-35% lower than in North America and Europe.
Find more research reports by Grand View Research:
- Car Rental Services Industry Procurement Intelligence : The global car rental services market was valued at USD 98 billion in 2020 and it is expected to grow at a CAGR of 4-5% from 2020 to 2027.
- Vegetable Fats and the Oil Industry Procurement Intelligence : The global vegetable fats and the oil market was valued at ~USD 235 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2027.
- Wastewater Treatment Industry Procurement Intelligence : The global wastewater treatment market was valued at ~USD 260 billion in 2020 and it is expected to grow at a CAGR of 6.5% from 2020 to 2027.
Some of the leading refrigerated transport service providers:
- C. H. Robinson
- DB Schenker
- United Technologies
- Daikin Industries
- Ingersoll-Rand
- China International Marine Containers
- Utility Trailer
- Singamas Container
- Schmitz Cargobull
- Fahrzeugwerk Bernard Krone
- Lamberet
Check out the featured Add-on Services offered with Refrigerated Transport Industry Procurement Intelligence Report.
