World Refrigerated Transportation Market to Grow 6.96% CAGR to 2020 says a New Research 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. This 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.
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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.
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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 Players are: Carrier Transicold, CMA CGM, GAH Refrigeration, Maersk Line, Mediterranean Shipping Company (MSC), Swift Transportation
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