SharePromising forecasts for the global refrigerated transport market
The global refrigerated transport market is predicted to reach USD 93,656.4 million by 2019, at a compound annual growth rate (CAGR) of 15.2%.
The global refrigerated transport market is predicted to reach USD 93,656.4 million by 2019, at a compound annual growth rate (CAGR) of 15.2%. In 2013, the North American region was the largest refrigerated transport market, wherein the U.S. dominated this market. The market for refrigerated transport in the Asia-Pacific region is estimated to be the fastest-growing market from 2014 to 2019.
The refrigerated transport market is fragmented, with leading service providers driving the market growth. The report further provides qualitative analyses of the prominent market players and their preferred development strategies. The key service providers in the market identified in this report are Toll Holdings Limited (Australia), DHL Line-Deutsche Post AG (Germany), A.P. Moller-Maersk A/S (Denmark), FedEx Corporation (U.S), Ryder System, Inc. (U.S.), Samskip Holding B.V.(The Netherlands), AmeriCold Logistics, LLC (U.S.), and Saddle Creek Logistics Services (U.S.).
The refrigerated transport market is growing in accordance with the increasing demands for perishable food products and the technological advancements in the refrigerated transport market. This market is driven by the rise in consumption of frozen food products such as bakery and confectionery products, and meat, fish and seafood in developed and developing countries. Increasing demands for food products, coupled with initiatives taken by respective governments to establish organised refrigerated transport systems in emerging economies, provide greater opportunity for the growth of the refrigerated transport industry.
Source: www.prnewswire.com
The refrigerated transport market is fragmented, with leading service providers driving the market growth. The report further provides qualitative analyses of the prominent market players and their preferred development strategies. The key service providers in the market identified in this report are Toll Holdings Limited (Australia), DHL Line-Deutsche Post AG (Germany), A.P. Moller-Maersk A/S (Denmark), FedEx Corporation (U.S), Ryder System, Inc. (U.S.), Samskip Holding B.V.(The Netherlands), AmeriCold Logistics, LLC (U.S.), and Saddle Creek Logistics Services (U.S.).
The refrigerated transport market is growing in accordance with the increasing demands for perishable food products and the technological advancements in the refrigerated transport market. This market is driven by the rise in consumption of frozen food products such as bakery and confectionery products, and meat, fish and seafood in developed and developing countries. Increasing demands for food products, coupled with initiatives taken by respective governments to establish organised refrigerated transport systems in emerging economies, provide greater opportunity for the growth of the refrigerated transport industry.
Source: www.prnewswire.com