United States Refrigerated Transport Market to Reach US$ 5.9 Billion by 2028 | CAGR of 4.4%
According to the recent report by IMARC Group, titled “United States Refrigerated Transport Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The United States refrigerated transport market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
United States Refrigerated Transport Market Overview:
Refrigerated transport includes the utilization of temperature-controlled vehicles adopted for shipping freight across multiple places. It is equipped with a built-in cooling system that maintains the desired temperature throughout the transportation process. It is designed to transport perishable products that require to be kept at a specific temperature without allowing the quality of the item to deteriorate. Some of the modes used are refrigerated trucks, cargo, railcars, and air cargo, that aid in reducing transport bottlenecks during peak periods while maintaining the quality of goods and avoiding overcapacity. As a result, it is widely adopted to store and carry fruits, meat, beef, vegetables, medicines, and drugs.
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United States Refrigerated Transport Market Demand Analysis:
The emerging food and beverage industry is driving the United States market. Coupled with this, continuous developments in the cold chain infrastructure are further contributing to the market. Moreover, the increasing demand for frozen food products from households and food service operators such as quick-service and fast-food restaurants is providing thrust to the demand for refrigerated transport. Furthermore, the escalating preference for maintaining improved product production, processing, transportation, and quality is favorably impacting the market. Other factors, including rapid growth in the logistics industry, the advent of marine refrigerated transport, and the growing manufacturing and supply of pharmaceutical drugs, are also influencing the market across the United States.
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Key Market Segmentation:
Breakup by Mode of Transportation:
- Refrigerated Road Transport
- Refrigerated Sea Transport
- Refrigerated Rail Transport
- Refrigerated Air Transport
Breakup by Technology:
- Vapor Compression Systems
- Air-Blown Evaporators
- Eutectic Devices
- Cryogenic Systems
Breakup by Temperature:
- Single-Temperature
- Multi-Temperature
Breakup by Application:
- Chilled Food Products
- Dairy Products
- Bakery and Confectionery Products
- Fresh Fruits and Vegetables
- Others
- Frozen Food Products
- Frozen Dairy Products
- Processed Meat Products
- Fish and Seafood Products
- Others
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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