Christy Publications Refrigerated Transport Market

efficient transport infrastructure to deal with various environmental changes and lack of low skilled resources in emerging economies pose as major restraints for growth of the global refrigerated transport market. Among technology, the vapor compression systems segment is growing at a rapid pace, owing to the wide usage of these systems globally. Vehicle alternator unit is a type of vapor compression system, which is used in small refrigerated delivery vans. The refrigerated transport used via road, consists of LCV ranging up to 7 tons, MHCV ranging up to 16 tons, and HCV above 16 tons. Refrigerated Transport Market Outlook: Asia Pacific is expected to be the fastest growing market over the forecast period. Growing confectionary and bakery industry has surged demand for refrigerated transport in the region. Rapid economic growth in emerging economies of the region, characterized by growing number of women in the workforce has in turn resulted in increasing demand for convenience food and also chilled and frozen products. Furthermore, increasing spending power and growing inclination of the populace towards exotic food has resulted in growing imports in these economies. This in turn fuels growth of the refrigerated transport market. In 2016, China imported 544,943 metric tons and Japan imported 387,712 metric tons of pork from the U.S. North America and Europe hold the dominant market share for refrigerated transport and this trend is expected to be maintained throughout the forecast period. Increasing demand for convenience foods in the region, along with stringent government regulation imposed on food quality are factors driving growth of the refrigerated transport market in these regions. Moreover, increasing food wastage has further augmented the demand for refrigerated transport in the region. Browse more about the research report @ https://www.coherentmarketinsights.com/ongoing-insight/refrigerated-transport-market-920 Nestlé, Tyson Foods, Inc., the Kraft Heinz Company, General Mills Inc., Smithfield Foods., Kellogg Corporation., ConAgra Foods Inc, Inc., Kerry Group, Del Monte Pacific Ltd (DMPL), United Technologies Corporation, Daikin Industries, Ingersoll Rand Inc., and ARYZTA AG are some of the major players in the refrigerated transport market.

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