ICT RESEARCH REPORTS Refrigerated-Road-Transport-Market

Refrigerated Road Transport Market Projected to witness a
Single Digit CAGR during 2018 - 2026
Refrigerated Road Transport Market research provides industry
analysis by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
Global refrigerated road transport market was valued at US$ 12.81 billion in 2016, is projected to
exhibit a CAGR of 6.11% over the forecast period (2017–2025), to be valued at US$ 21.78 billion
by 2025. Growing demand for efficient distribution of perishable freights such as dairy products,
beverages, processed meat, poultry products, ice cream, fruits and other edible products, which
may perish in the normal environmental conditions are expected to be the prominent factor
fueling growth of the refrigerated road transport market over the forecast period.
According to U.S. Census Bureau, the retail and food services market was valued over US$ 5.51
trillion in 2016, witnessing Y-o-Y growth of 2.98%. Moreover, online business models to cater the
customer requirements on-demand have gained considerable traction over the last few years.
Proliferation of these businesses and high penetration in the major global economies of the U.S.,
UK, China, India, Russia, and Canada, among many others is in turn projected to fuel the global
refrigerated road transport market growth.
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