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Europe Refrigerated Transport Market Size, Share, Industry Demand, Growth and Forecast 2023-2028

The Europe refrigerated transport market size reached US$ 4,257.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,804.4 Million by 2028, exhibiting a growth rate (CAGR) of 5.21% during 2023-2028.
Published 23 August 2023

How Big is the Europe Refrigerated Transport Market ? :

According to new report by IMARC Group, titled “ Europe Refrigerated Transport Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The Europe refrigerated transport market size reached US$ 4,257.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,804.4 Million by 2028, exhibiting a growth rate (CAGR) of 5.21% during 2023-2028.

What is Refrigerated Transport ? :

Refrigerated transport refers to a specialized transportation system designed to maintain a controlled temperature environment during the transportation of perishable goods. It includes refrigerated trucks, trailers, and containers equipped with cooling systems to ensure the integrity and freshness of temperature-sensitive products throughout the supply chain. Refrigerated transport is widely used to preserve the quality and safety of fresh produce, dairy products, meat, seafood, pharmaceuticals, and other temperature-sensitive items. It aids in extending the shelf life of products, preventing spoilage, and ensuring compliance with regulatory standards.

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Market Demand and Demand Analysis:

The rising demand for fresh and perishable products is one of the factors providing a thrust to the market growth in Europe. Refrigerated transport is widely used to ensure the freshness and safety of high-quality, locally sourced, and organic food items. Along with this, the changing dietary preferences, coupled with an emphasis on healthy eating habits, are acting as another growth-inducing factor. Furthermore, the rapid expansion of international trade due to increasing globalization, is facilitating the demand for refrigerated transport to ensure the seamless trade of goods across borders while maintaining the required temperature conditions.

Additionally, the introduction of energy-efficient refrigeration systems and alternative fuels to reduce pollution levels, promote sustainability, and minimize adverse environmental impact is positively influencing the market growth. Besides this, the adoption of the Internet of Things (IoT) solutions and blockchain technology to provide transparency, improve traceability, and increase the efficiency of cold chain operations is favoring the market growth. Other factors, including rising health consciousness, implementation of supportive policies by regional governments, and increasing research and development (R&D) activities, are anticipated to drive the market growth.

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Key Market Segmentation:

Breakup by Mode of Transportation:

  • Refrigerated Road Transport
  • Refrigerated Sea Transport
  • Refrigerated Rail Transport
  • Refrigerated Air Transport

Breakup by Technology:

  • Vapor Compression Systems
  • Air-Blown Evaporators
  • Eutectic Devices
  • Cryogenic Systems

Breakup by Temperature:

  • Single-Temperature
  • Multi-Temperature

Breakup by Application:

  • Chilled Food Products
  • Dairy Products
  • Bakery and Confectionery Products
  • Fresh Fruits and Vegetables
  • Others
  • Frozen Food Products
  • Frozen Dairy Products
  • Processed Meat Products
  • Fish and Seafood Products
  • Others
  • Others

Breakup By Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others

Competitive Landscape:

The competitive landscape of the market has also been analyzed in the report, covering the detailed profiles of the major players operative in the industry.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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