Refrigerated Transport Market 2030: Keeping Ocean Harvest Cold Worldwide

The global refrigerated transport market was valued at USD 123.59 billion in 2023 and is anticipated to experience strong growth, reaching USD 216.07 billion by 2030. This expansion represents a compound annual growth rate (CAGR) of 8.6% from 2024 to 2030. Increasing demand for perishable commodities, along with continuous advancements in refrigeration technologies, remains the primary force driving market growth.

Rising global population levels and evolving dietary habits are significantly increasing consumption of perishable products such as fresh fruits and vegetables, dairy items, meat, and seafood. As consumers place greater emphasis on food freshness, safety, and quality, the need for reliable temperature-controlled transportation continues to rise. This growing demand for perishable goods is directly contributing to the expansion of refrigerated transport services across both developed and emerging economies.

Technological progress in refrigeration systems has further strengthened the refrigerated transport market. Modern refrigeration solutions enable precise control of temperature and humidity levels, ensuring safe and efficient transportation of sensitive goods over long distances. Additionally, the development of energy-efficient refrigeration technologies has helped reduce operational expenses while lowering the environmental impact of transportation activities. For example, in February 2023, researchers at Lawrence Berkeley National Laboratory introduced ionocaloric cooling, an innovative refrigeration technique that offers an alternative to traditional vapor compression systems. This approach utilizes energy absorption and release during phase transitions, such as solid-to-liquid changes, reducing reliance on environmentally harmful gases and supporting climate-friendly cooling solutions.

Order a free sample PDF of the Refrigerated Transport Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights

  • North America led the global refrigerated transport market, accounting for a 34.1% revenue share in 2023.
  • The U.S. dominated the regional market, capturing 79.0% of total revenue in 2023.
  • By technology, the air-blown segment held the largest market share at 40.2% in 2023.
  • Road transportation emerged as the leading mode of transport in 2023.
  • By temperature range, the frozen segment dominated the market in 2023 and is expected to record the fastest growth during the forecast period.

Market Size & Forecast

  • 2023 Market Size: USD 123.59 Billion
  • 2030 Projected Market Size: USD 216.07 Billion
  • CAGR (2024–2030): 8.6%
  • North America: Largest regional market in 2023
  • Asia Pacific: Fastest-growing regional market

Key Refrigerated Transport Company Insights

The refrigerated transport market features several prominent logistics and transportation providers offering advanced temperature-controlled solutions. Key players include J.B. Hunt Transport Services, Inc., Schneider National, Inc., Swift Transportation Co., C.H. Robinson Worldwide, Inc., and Kuehne + Nagel. These companies continue to expand their refrigerated fleets and enhance digital logistics platforms to meet growing demand.

J.B. Hunt Transport Services, Inc. is a leading multimodal supply chain provider, with its Shipper 360 platform widely used for refrigerated and temperature-controlled transportation. C.H. Robinson Worldwide, Inc. operates a comprehensive logistics platform that supports refrigerated truckload, climate-controlled less-than-truckload (LTL), consolidation, groupage, and cross-border shipping services.

In addition to established players, innovative startups are entering the market with sustainable solutions. Fenagy, a Denmark-based company, provides environmentally friendly heating and cooling technologies for refrigerated transport. SolarFreeze, based in Kenya, offers solar-powered refrigeration solutions designed to enhance cold chain logistics and supply chain resilience.

Key Refrigerated Transport Companies

  • C. R. England Inc.
  • J. B. Hunt Transport Services, Inc.
  • Schneider National, Inc.
  • Swift Transportation Co.
  • C.H. Robinson Worldwide, Inc.
  • Kuehne + Nagel
  • Daikin Industries, Ltd.
  • Wabash National Corporation
  • Great Dane LLC
  • Fenagy
  • SolarFreeze

Explore Horizon Databook - The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global refrigerated transport market is poised for robust growth through 2030, supported by increasing consumption of perishable goods and ongoing innovations in refrigeration technology. Enhanced energy efficiency, sustainability-focused solutions, and expanding cold chain infrastructure are strengthening market fundamentals. As logistics providers continue to adopt advanced refrigeration systems and expand their service capabilities, refrigerated transport will remain a critical component of the global food and pharmaceutical supply chains.

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more

U.S. Advanced Therapy Medicinal Products CDMO Market 2030: Unlocking the Future of Gene and Cell Therapies

Image
The U.S. market for Advanced Therapy Medicinal Products (ATMPs) CDMOs was valued at an estimated USD 2.34 billion in 2023 and is projected to surge at a compelling compound annual growth rate (CAGR) of 18.29% from 2024 to 2030. This impressive growth is largely driven by the increasing incidence of rare and severe diseases, significant investments flowing into ATMP research and development (R&D), and the expanding trend of outsourcing within the pharmaceutical sector. The inherent complexity of manufacturing ATMPs, coupled with a growing need for specialized expertise and advanced technologies, has fueled the demand for CDMO (Contract Development and Manufacturing Organization) services. These organizations play a vital role in facilitating the development and successful commercialization of innovative therapies, thereby significantly contributing to market expansion. In 2023, the U.S. ATMP CDMO market commanded the largest share, holding over 40% of the global market. This leade...
Read more