The increasing demand for meat products is a key factor predicted to aid growth of the global refrigerated transport market, says Fortune Business Insights in a report titled “Refrigerated Transport Market Size, Share & Industry Analysis, By Mode of Transportation (Sea, Air, Road, Railways), By Product (Chilled, Frozen), By Technology (Vapour Compression Systems, Eutectic Systems, Cryogenic Systems, Others) and Regional Forecast, 2019-2026.” The surge in the food industry is expected to contribute significantly to the global refrigerated transport market.
As per the report, the surge in the exportation of goods & services around the world is expected to contribute significantly to the global refrigerated transport market. According to the research findings, approximately one-fourth of the total global production of goods & services are exported. In addition, the introduction of freezing technology and automated freezing technology will boost the global refrigerated transport market revenue during the forecast period.
Presence of Key Players Will Stimulate Growth in Asia Pacific
The refrigerated transport market in Asia Pacific is expected to register at a considerable rate during the forecast period owing to the presence of key players and rising economies such as India and China. China, being the leading trader in the global food products market, is expected to aid the growth of the refrigerated transport market in Asia pacific.
Furthermore, rising governmental investment in Asian countries on improving the logistic & transportation industry, coupled with the enlargement of the frozen food consuming population of the region, and rising disposable income are expected to contribute greatly to the growth of the market in Asia Pacific. The rising adoption of e-commerce by the food industry in the region is also predicted to contribute to the refrigerated transport market growth during the forecast period.
Some Of The Major Companies That Are Present In The Global Refrigerated Transport Market Are:
· GAH Refrigeration Ltd.
· Carrier Transicold Inc.
· Daikin Industries
· Swift Transportation Company
· DB Schenker
· Conagra Brands Inc.
· MSC Mediterranean Shipping Company S.A.
· Del Monte Pacific Ltd.
· Wabash National Corporation
· China International Marine Containers (Group) Ltd.
· and C.H. Robinson worldwide.
Browse Complete Report:
https://www.fortunebusinessinsights.com/industry-reports/refrigerated-transport-market-101476
