Transport refrigeration units are used to control the environment of temperature-sensitive products transported in trucks, vans or any carrier vehicle as well as in marine/intermodal containers. Refrigerated transportation is a method of climate controlled transportation, which is specifically designed to ship products that require a cool or frozen temperature to stay fresh for delivery to the market. Products like frozen fruits and vegetables, frozen seafood or meat, plants, chemicals, pharmaceuticals, and agricultural products require a temperature controlled environment to sustain the transit.
The shift in consumers' preferences, from the basic brick and mortar shops to online sites, has significantly contributed to the growth of transport refrigeration units. Owing to technological advancements and the rising competition among grocers, there is a significant shift in the consumers’ needs and expectations in the grocery retail sector. In India, Bigbasket and Grofers have become popular for their wide range of groceries available for online shopping. The Bigbasket online store has a wide range of products from staples, vegetables, meat, fish, gourmet items, and household goods to personal care items. Owing to the convenience in online shopping, the e-grocery market is witessign significant growth. This rise in the e-commerce sector for groceries simultaneously increases the demand for refrigerated transportation to deliver perishable goods, subsequently driving the demand for transport refrigeration units market.
North America is estimated to be the major revenue contributor to the transport refrigeration units market throughout the forecast period. The increasing demand for processed foods and pharmaceuticals coupled with investments towards the expansion of cold supply chain, will drive the growth of the transport refrigeration units market in North America.
The Transport Refrigeration Units market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Transport Refrigeration Units.
This report presents the worldwide Transport Refrigeration Units market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Daikin Industries
Ingersoll Rand
Mitsubishi Heavy Industries
Lamberet
Utility Trailer Manufacturing
Morgan Corporation
Schmitz Cargobull
Wabash National Corporation
Transport Refrigeration Units Breakdown Data by Type
Land Ways
Seaways
Airways
Transport Refrigeration Units Breakdown Data by Application
Food Industry
Pharmaceutical Industry
Others
Transport Refrigeration Units Production by Region
United States
Europe
China
Japan
Other Regions
Transport Refrigeration Units Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Transport Refrigeration Units status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Transport Refrigeration Units manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Transport Refrigeration Units :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Transport Refrigeration Units market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Transport Refrigeration Units . Industry analysis & Market Report on Transport Refrigeration Units is a syndicated market report, published as Global Transport Refrigeration Units Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Transport Refrigeration Units market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.