Refrigerated transportation market to cross $6.5 billion by 2015

by S. C.

Scarcity of nutritious food is driving the deficient regions to import goods from surplus production regions. While, wastage of high value perishable goods is driving surplus regions to export goods to deficient regions. The very existence of the refrigerated transportation market is to balance the above needs. Refrigerated transportation industry is basically capital intensive with low profit margins. However, the industry is volume intensive and predominantly serves the food industry across the globe. The industry is more directly affected by environment related regulations for both the fuel and the refrigerants consumed by the industry. Refrigerated transportation industry benefits from new trade policies and simplification of processes resulting from growing relationships between countries. The recent fuel price trends and the global economic slowdown reflect in the current growth trends of refrigerated transportation. Drastic changes in the disposable income of middle class population across the globe affect demand growth for premium foods, which in turn influence refrigerated transportation market.

North America represents the largest market for refrigerated transportation, while Asia-Pacific represents the fastest growing refrigerated transportation market over the period 2006-2015. Refrigerated trailers represents the largest product segment, while refrigerated vans represents the fastest growing product segment.

Refrigerated Transportation: A Global Strategic Business Report
The global marketplace is characterized by participants such as Carrier Transicold, Chereau SAS, EUROFRIGO S.R.L, FRIGOBLOCK Grosskopf GmbH, GAH (Refrigeration) Limited, Great Dane Trailers, Hubbard Products Ltd, Hyundai Translead, Ingersoll-Rand Company Limited, Thermo King Corporation, Johnson Refrigerated Truck Bodies Inc, Klege Europ, Krone Nutzfahrzeuge, Lamberet Isotherms Ltd, Mitsubishi Heavy Industries Ltd, Morgan Corporation, Schmitz Cargobull AG, Utility Trailer Manufacturing Company, and Wabash National Corporation.