The growth of the flower transport market is related to the increase in perishable goods at a global level, as the low rates allow for the migration of goods through the transport of perishable goods. In addition, technological advances in refrigeration systems, particularly technological solutions implemented by water service providers in reducing environmental impacts, are anticipated to facilitate their operation. The introduction of multiple systems is expected to create growth opportunities for refrigerated transport service providers and cold & mixed product manufacturers. However, growth targets are expected to remain unsuccessful due to challenges such as product maintenance during transport, lack of infrastructure in emerging countries and rising prices.
Based on cold food products, the fish & seafood segment is a major segment of the refrigerator transport market in 2018
Based on cold food products, the refrigerator transport market is segmented into bread, ice cream, processed meat, milk products, and fish & seafood. The fish & seafood segment is expected to be one of the largest segments in 2018. The forecast is expected to see high growth in the fish & seafood segment over the forecast period. Manufacturers offer cold and coconut food options that promote longer life. Living fast has led to an increase in access to home-based services, as it significantly reduces cooking time. These factors are expected to create significant benefits for fish and seafood manufacturers and other water transport service providers in the coming years.
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Key Market Segments:
Key Market Players:
Key players (food & beverage) in this market include General Mills (US), Conagra Foods (US), Kraft Heinz Company (US), Nestle (Switzerland), Associated British Foods (UK), Kerry Group (Ireland), Unilever (UK), Mccain Foods Limited (Canada), Samworth Brothers Limited (UK), and Iceland Foods Ltd. (UK).
- Chilled food products
- Frozen food products
Mode of transportation (Road):
Vapor compression systems
- North America
- Asia Pacific
- Rest of the World (RoW)
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By type of car, the LCV segment carries the largest market size for the fleet market during the period
The refrigerator transport market distributes, based on the basis of the vehicle, to LCV, MHCV, and HCV. The LCV segment is expected to dominate the market by 2019 and expects to grow at the highest CAGR during the forecast period. The increase in LCV distribution is driven by factors such as the demand for home delivery services and the growth of the food and food industry. Demand for LCV refrigerators is encouraged by the increased supply of milk products and pharmaceutical products through the public for long-distance transportation. In addition, factors such as the availability of affordable financing options for the whole car will contribute to the increase in sales of LCV refrigerators.
The Pacific Ocean is dominated by a significant portion of the market during the forecast period
In 2019, Asia Pacific will play a major role in the refrigeration transport market. The growth in the market is a result of increased investment by governments in this area for road development projects related to highways, railways, and airport construction. For example, the Chinese government invests heavily in transport infrastructure in 2018. In the first 11 months of 2018, the country spent $ 328 billion, according to data from the government. The Chinese Ministry of Transport, however, is focusing on accelerating the construction of logistics centers for transport and storage in the country. These factors are expected to drive the refrigerated refrigeration market in the region.
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Table of Content:
Chapter 1 Global Refrigerated Transport Market Overview
Chapter 2 Global Economic Impact on Refrigerated Transport Industry
Chapter 3 Global Refrigerated Transport Market Competition by Manufacturers
Chapter 4 Global Refrigerated Transport Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Refrigerated Transport Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Refrigerated Transport Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Refrigerated Transport Market Analysis by Application
Chapter 8 Refrigerated Transport Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Refrigerated Transport Market Forecast (2018-2023)
Chapter 13 Appendix
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