Overview of the global refrigerated transport market to 2027 – With Daikin Industries, FedEx and General Mills among others – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The report “Refrigerated Transport – Global Market Trajectory and Analysis” has been added to ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global refrigerated transport market, estimated at US $ 15.8 billion in 2020, is expected to reach a revised size of US $ 23 billion by 2027, growing at a CAGR 5.5% over the period 2020-2027.

Single temperature, one of the segments analyzed in the report, is expected to register a CAGR of 6% and reach $ 16.5 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Multi-Temperature segment is readjusted to a revised CAGR of 4.4% for the next 7-year period.

The US market is estimated at $ 4.2 billion, while China is expected to grow at 9% CAGR

The refrigerated transport market in the United States is estimated at US $ 4.2 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 5 billion by 2027, with a CAGR by 9.1%. over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, each forecasting growth of 3% and 4.4% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 3.9% CAGR.

Selected Competitors (Total 37 featured):