Roadways Refrigerated Transport Market Report 2025 (Global Edition)

Global Roadways Refrigerated Transport Market Report 2025 Market Size Split by By Vehicle (Small converted vans, Rigid vehicles, Articulated vehicles), by Power Source (Diesel-powered Units, Electric-...

Roadways Refrigerated Transport Market Report Description

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Roadways Refrigerated Transport Market Insights Video

Competitive Landscape of the Roadways Refrigerated Transport Market

Several major players in the Roadways Refrigerated Transport Market are competing to offer efficient and dependable refrigerated transportation services, creating a competitive landscape. These groups often distinguish themselves based on factors like fleet size, coverage area, technology incorporation, service quality, and customer interactions. The market is constantly changing, as companies continually innovate to enhance their services and gain a competitive edge in the industry

September 2022, Trane Technologies bought Farrar Scientific, a pioneer in ultra-low temperature management for biopharmaceuticals and other life science applications. Farrar Scientific's proprietary technique addresses an unmet need for ultra-low temperature storage and a modular, efficient, and versatile process that includes heating, thawing, and cooling. (Source: https://www.nasdaq.com/press-release/trane-technologies-to-acquire-farrar-scientific-a-leader-in-ultra-low-temperature) September 202, Robert Bosch GmbH inked an agreement with Carrier Corporation to build trailer and truck bodywork for the FresH2 fuel cell project, which was carried out in France. The innovative technology is used to increase the efficiency of refrigerated trucks and trailers when transferring from one site to another. (Source: https://www.carrier.com/carrier/en/worldwide/news/news-article/fresh2-hydrogen-fuel-cell-refrigerated-transport-project--enters-road-testing-phase.html)

September 2023 - Mitsubishi Heavy Industries Thermal Systems, Ltd. introduced the `TEJ35GAM' electric transport refrigeration machine specifically for small and medium-sized trucks, which is added to the plug-in hybrid transport refrigeration machine `TE20/30 series' and the `TEJ35AM.
(Source: - https://www.mhi.com/news/230913.html )
 

Top Companies Market Share in Roadways Refrigerated Transport Industry: (In no particular order of Rank)

• Carrier (Carrier Transicold)
• Mitsubishi Heavy Industries
• G.A.H. Refrigeration
• Trane Technologies p|c
• Daikin Industries Ltd.
• Songz Automobile Air Conditioning Co.
• Ltd.
• Safkar Ege Cooling Air Conditioning Cold Air Tes.Ihr.Ith.A.$
• Kingtec Group Company Limited
• Zhengzhou Corun Tech Co. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Roadways Refrigerated Transport Market

Which Region Dominates the Roadways Refrigerated Transport Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. Because of the strong demand for perishable commodities in this region, the roadways refrigerated transport market in North America is expected to dominate during the forecast period. The region's market is expected to grow as a result of increased demand for frozen foods, pharmaceuticals, and other perishable commodities, as well as the region's strict food safety regulation.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Roadways Refrigerated Transport market due to several compelling reasons. ? Rising disposable income and changing consumer lifestyles in emerging nations such as China and India are driving demand for frozen and chilled food products. The region's developing pharmaceutical industry, as well as increased food safety and quality awareness, are expected to drive the refrigerated transport market forward. It is also expected that the growth of e-commerce and online grocery shopping in the region will benefit industry participants.

 

The current report Scope analyzes Roadways Refrigerated Transport Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Roadways Refrigerated Transport Market Analysis

According to Cognitive Market Research, the global Roadways Refrigerated Transport market size was estimated at USD 4158.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1663.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Roadways Refrigerated Transport market with a market size of USD 1312.45q million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the US, Customers pick processed and frozen fruits and vegetables because they are short on time.
• The Canada Roadways Refrigerated Transport market had a market share of USD 199.61 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Canada is predicted to experience significant growth over the projection period. It is due to the country's increased demand for frozen goods.
• The Mexico Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 151.37 million in 2024.

Europe Roadways Refrigerated Transport Market Analysis

According to Cognitive Market Research, the global Roadways Refrigerated Transport market size was estimated at USD 4158.6 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1247.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.

• The United Kingdom Roadways Refrigerated Transport market had a market share of USD 209.59 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. In the UK, Roadways Refrigerated Transport sales witness an upswing due to the nation's rising labor costs and labor shortages driving automation in warehouses.
• The France Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 114.78 million in 2024.
• According to Cognitive Market Research, the Germany Roadways Refrigerated Transport market size was valued at USD 247.02 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. In Germany, Roadways Refrigerated Transport sales surged due to the expansion of e-commerce sector increasing demand for ASRs.
• The Italy Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 107.29 million in 2024.
• The Russia Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 193.37 million in 2024.
• The Spain Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 102.30 million in 2024
• The Luxembourg Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 38.67 million in 2024.
• The Portugal Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 26.20 million in 2024.
• The Greece Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 14.97 million in 2024.
• Rest of Europe's Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 193.37 million in 2024.

Asia Pacific Roadways Refrigerated Transport Market Analysis

According to Cognitive Market Research, the global Roadways Refrigerated Transport market size was estimated at USD 4158.6 Million, out of which Asia Pacific held the market around 23% of the global revenue with a market size of USD 956.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Roadways Refrigerated Transport market size was valued at USD 430.42 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Roadways Refrigerated Transport sales surged in China due to rising demand for temperature-controlled transportation services, the expansion of the food industry
• The Japan Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 131.99 million in 2024.
• The India Roadways Refrigerated Transport market had a market share of USD 114.78 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Roadways Refrigerated Transport sales flourish in India due to increasing focus on maintaining the quality and freshness of perishable goods during transit.
• The South Korea Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 95.65 million in 2024.
• The Australia Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 49.74 million in 2024.
• The South East Asia Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 66.00 million in 2024.
• The Rest of Asia Pacific Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 67.91 million in 2024.

South America Roadways Refrigerated Transport Market Analysis

According to Cognitive Market Research, the global Roadways Refrigerated Transport market size was estimated at USD 4158.6 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 207.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Roadways Refrigerated Transport market size was valued at USD 88.99 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Roadways Refrigerated Transport sales flourish in Brazil due to the rising labor costs incentivize adoption of ASRS for labor-saving.
• Argentina Roadways Refrigerated Transport market had a market share of USD 34.93 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. The Argentina Roadways Refrigerated Transport market is expanding due to factors such as rising demand for temperature-controlled transportation services.
• Colombia Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 18.51 million in 2024.
• Peru Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 17.05 million in 2024.
• Chile Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 14.97 million in 2024.
• The Rest of Latin America Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 33.48 million in 2024.

Middle East Roadways Refrigerated Transport Market Analysis

According to Cognitive Market Research, the global Roadways Refrigerated Transport market size was estimated at USD 4158.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 83.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031

• The GCC Countries Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 35.60 million in 2024. sales at supermarkets and hypermarkets in the Gulf Cooperation Council (GCC) have increased significantly.
• The Egypt Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 8.73 million in 2024.
• The South Africa Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 13.14 million in 2024. Roadways Refrigerated Transport sales flourish in South Africa due to the growing demand for temperature-controlled transportation services
• The Turkey Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 7.15 million in 2024.
• The Nigeria Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 8.73 million in 2024.
• The Rest of MEA Roadways Refrigerated Transport market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 9.81 million in 2024.

Roadways Refrigerated Transport Market Analysis

Roadways Refrigerated Transport Market Install Vehicle Segment Analysis

According to Cognitive Market Research, The trailer sector is predicted to have the biggest market share due to its low cost and ability to hold the majority of things. It also has multi-temperature modules, which allow several types of things to be transported in a single trip, reducing the need for multiple excursions.

The vans and light trucks segment is expected to increase at the fastest CAGR throughout the projection period. This is due to their ability to transport things easily in congested areas and limited urban streets, as well as the rising usage of e-commerce in developed and emerging cities.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Roadways Refrigerated Transport Industry. Request a Free Sample PDF!

Power Source Segment Analysis

According to Cognitive Market Research, Vehicle-powered refrigeration Units are expected to Hold the Largest Market Share Due to the Growing Trend Toward Fuel-Efficient Cars.

The fastest-growing category in the Roadways Refrigerated Transport market is self-powered. Self-powered road refrigeration system units are losing market share year after year as alternative technologies, such as battery-powered and all-electric refrigeration systems, become more commonly available. In addition, most businesses intend to grow their metropolitan delivery fleet with more fuel-efficient vehicles..

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Roadways Refrigerated Transport Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the food and beverage products section is predicted to expand substantially as the market for frozen and processed foods, as well as medicinal items, grows dramatically in all areas. Furthermore, since worldwide trade in perishable items has grown significantly in recent years, so has a need for speedy cold-chain transportation.

The segment experiencing the fastest growth in the Roadways Refrigerated Transport Market is the Pharmaceutical and Other Healthcare Products section. This typically occurs due to the growing demand for temperature-controlled transportation of pharmaceuticals, biologics, vaccines, and other healthcare products that need strict temperature monitoring and adherence to regulations to maintain product effectiveness and safety during shipment.

• Food & Beverages
• Pharmaceuticals & Healthcare
• Floral Products
• Chemical & Industrial Goods
• Others

Roadways Refrigerated Transport By Operation Segment Analysis

• Single temperature System
• Multi-temperature system

Author's Detail

Sumedha Gosavi

Research Associate at Cognitive Market Research

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