Refrigerated transportation market in the US to grow by USD 9 billion from 2021 to 2026; Growth driven by growing end-user segments - Technavio

NEW YORK, March 28, 2023 /PRNewswire/ -- The refrigerated transportation market size in the US is estimated to grow by USD 9 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 12.88% during the forecast period. The market is driven by growing end-user segments. The food and beverage and healthcare industries are the major end-users for refrigerated transportation in the US. These end-user industries have grown significantly over the years, which has increased the demand for refrigerated transportation. For instance, in 2020, the production of beef and pork in the US accounted for 1.6 billion additional pounds. In the same year, poultry added another 1.6 billion pounds for a total of 3.2 billion pounds of total meat use. Similarly, drug sales in the US have been rising at an annual growth rate of about 5%-6%. All these factors are driving the growth of the refrigerated transportation market in the US. For more insights on the market size (2022 to 2026) - Request a sample report

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Refrigerated Transportation Market in US - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on end-user (food and beverage, healthcare, and others) and mode of transportation (land, waterways, and airways).

• The market growth in the food and beverage segment will be significant during the forecast period. The growth of the segment is driven by the increasing demand for food and beverage products in the US. Also, the increase in the consumption of meat is contributing to the growth of the segment.

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Refrigerated Transportation Market in US ? Vendor Analysis

The refrigerated transportation market in the US is fragmented. The market comprises many regional and national players, which makes it highly competitive. Vendors in the market provide a range of services such as full truckload, as well as dedicated and leased services for the refrigerated transportation of goods. Vendors are also providing services such as just-in-time, same-day delivery, and overnight freight services for temperature-sensitive goods to remain competitive. Some of the key vendors covered in the market include:

• AGRO Merchants Group - The company is involved in offering store and logistics services which include conventional, mobile racking, automated storage, retrieval systems, and other types of infrastructure depending on the product and supply chain requirements for fulfilling customer orders.
• Americold Realty Operating Partnership LP - The company is involved in offering supply chain services that connect producers to retailers, food service providers, and end consumers along with the dedicated team who review the order data and optimize the temperature-controlled logistics operations ensuring reliability and quality.
• Burris Logistics - The company is involved in offering temperature-controlled warehousing services which have been designing with the facilities to provide different temperatures and humidity depending on the unique needs of various clients as per the product.
• KLLM Transportation Services - The company is involved in offering refrigeration services which include multi modes of transport including dry van and refrigerated truckload under various modes of intermodal, expedited, and specialized services with a highly qualified network of 10,000 large and small fleets.

Refrigerated Transportation Market in US ? Market Dynamics

Leading trends influencing growth 

• EPA regulations and the introduction of autonomous vehicles will emerge as key trends in the market.
• The Environmental Protection Agency (EPA) in the US has introduced several regulations to reduce greenhouse gas (GHG) emissions by vehicles.
• This has compelled vehicle manufacturers to produce more fuel-efficient vehicles.
• The introduction of advanced vehicles will increase the cost of purchase.
• However, autonomous trucks, which are under development, are expected to lower the costs of operating by up to 10%. In addition, trucks with electric powertrains are expected to drive these costs even lower.
• These are expected to help truck owners or fleet operators to save more on fuel costs. All these factors are expected to have a positive impact on the growth of the market.

Major challenges hindering growth

• Fluctuations in fuel prices will hinder the growth of the market.
• Containers having refrigerated systems consume additional fuel to maintain optimal temperature.
• Hence, any fluctuations in the price of fuel will have a direct effect on the profit margins of vendors offering transportation services.
• The range of fluctuations in global crude oil prices has been quite high. This is negatively impacting transportation players.
• This can be a restraining factor for the growth of the market during the forecast period.

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What are the key data covered in this refrigerated transportation market in US report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the refrigerated transportation market in US between 2022 and 2026
• Precise estimation of the size of the refrigerated transportation market in US and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the refrigerated transportation market across US
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of refrigerated transportation market vendors in US

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Related Reports:

• The perishable goods transportation market in US is estimated to grow at a CAGR of 8% between 2022 and 2027. The size of the market is forecast to increase by USD 1,873.75 million. The market is segmented by end-user (MPS, dairy, fruits and vegetables, and bakery and confectionery) and mode of transportation (air transportation, road transportation, and others).
• The road freight transportation market in North America is expected to grow by USD 103.29 billion at a CAGR of 2.31%, during 2020-2025. The market is segmented by type (full truckload and less-than truckload) and geography (US, Canada, and Mexico).

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Country Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market Segmentation by End-user
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Mode of Transportation
• Exhibit 06: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 15: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 16: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 17: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 18: Threat of new entrants ? Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 19: Threat of substitutes ? Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 20: Threat of rivalry ? Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 22: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 23: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 24: Chart on Comparison by End-user
• Exhibit 25: Data Table on Comparison by End-user

• 5.3 Food and beverage - Market size and forecast 2021-2026
• Exhibit 26: Chart on Food and beverage - Market size and forecast 2021-2026 ($ million)
• Exhibit 27: Data Table on Food and beverage - Market size and forecast 2021-2026 ($ million)
• Exhibit 28: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
• Exhibit 29: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)

• 5.4 Healthcare - Market size and forecast 2021-2026
• Exhibit 30: Chart on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Data Table on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Chart on Healthcare - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Healthcare - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 34: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 36: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 37: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 38: Market opportunity by End-user ($ million)

6 Market Segmentation by Mode of Transportation

• 6.1 Market segments 
• Exhibit 39: Chart on Mode of Transportation - Market share 2021-2026 (%)
• Exhibit 40: Data Table on Mode of Transportation - Market share 2021-2026 (%)

• 6.2 Comparison by Mode of Transportation 
• Exhibit 41: Chart on Comparison by Mode of Transportation
• Exhibit 42: Data Table on Comparison by Mode of Transportation

• 6.3 Land - Market size and forecast 2021-2026 
• Exhibit 43: Chart on Land - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Data Table on Land - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Chart on Land - Year-over-year growth 2021-2026 (%)
• Exhibit 46: Data Table on Land - Year-over-year growth 2021-2026 (%)

• 6.4 Waterways - Market size and forecast 2021-2026
• Exhibit 47: Chart on Waterways - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Data Table on Waterways - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Chart on Waterways - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Data Table on Waterways - Year-over-year growth 2021-2026 (%)

• 6.5 Airways - Market size and forecast 2021-2026
• Exhibit 51: Chart on Airways - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Data Table on Airways - Market size and forecast 2021-2026 ($ million)
• Exhibit 53: Chart on Airways - Year-over-year growth 2021-2026 (%)
• Exhibit 54: Data Table on Airways - Year-over-year growth 2021-2026 (%)

• 6.6 Market opportunity by Mode of Transportation
• Exhibit 55: Market opportunity by Mode of Transportation ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 57: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 58: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 59: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 60: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 61: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 62: Matrix on vendor position and classification

• 10.3 AGRO Merchants Group 
• Exhibit 63: AGRO Merchants Group - Overview
• Exhibit 64: AGRO Merchants Group - Product / Service
• Exhibit 65: AGRO Merchants Group - Key offerings

• 10.4 Americold Realty Operating Partnership LP
• Exhibit 66: Americold Realty Operating Partnership LP - Overview
• Exhibit 67: Americold Realty Operating Partnership LP - Business segments
• Exhibit 68: Americold Realty Operating Partnership LP - Key offerings
• Exhibit 69: Americold Realty Operating Partnership LP - Segment focus

• 10.5 Burris Logistics 
• Exhibit 70: Burris Logistics - Overview
• Exhibit 71: Burris Logistics - Product / Service
• Exhibit 72: Burris Logistics - Key offerings

• 10.6 KLLM Transportation Services 
• Exhibit 73: KLLM Transportation Services - Overview
• Exhibit 74: KLLM Transportation Services - Product / Service
• Exhibit 75: KLLM Transportation Services - Key offerings

• 10.7 Knight-Swift Transportation Holdings Inc.
• Exhibit 76: Knight-Swift Transportation Holdings Inc. - Overview
• Exhibit 77: Knight-Swift Transportation Holdings Inc. - Business segments
• Exhibit 78: Knight-Swift Transportation Holdings Inc. - Key news
• Exhibit 79: Knight-Swift Transportation Holdings Inc. - Key offerings
• Exhibit 80: Knight-Swift Transportation Holdings Inc. - Segment focus

• 10.8 Lineage Logistics Holdings LLC 
• Exhibit 81: Lineage Logistics Holdings LLC - Overview
• Exhibit 82: Lineage Logistics Holdings LLC - Product / Service
• Exhibit 83: Lineage Logistics Holdings LLC - Key news
• Exhibit 84: Lineage Logistics Holdings LLC - Key offerings

• 10.9 MARTEN TRANSPORT LTD. 
• Exhibit 85: MARTEN TRANSPORT LTD. - Overview
• Exhibit 86: MARTEN TRANSPORT LTD. - Business segments
• Exhibit 87: MARTEN TRANSPORT LTD. - Key offerings
• Exhibit 88: MARTEN TRANSPORT LTD. - Segment focus

• 10.10 Penske Truck Leasing Co. LP 
• Exhibit 89: Penske Truck Leasing Co. LP - Overview
• Exhibit 90: Penske Truck Leasing Co. LP - Product / Service
• Exhibit 91: Penske Truck Leasing Co. LP - Key offerings

• 10.11 Prime Inc. 
• Exhibit 92: Prime Inc. - Overview
• Exhibit 93: Prime Inc. - Product / Service
• Exhibit 94: Prime Inc. - Key offerings

• 10.12 RLS Logistics 
• Exhibit 95: RLS Logistics - Overview
• Exhibit 96: RLS Logistics - Product / Service
• Exhibit 97: RLS Logistics - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 98: Inclusions checklist
• Exhibit 99: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 100: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 101: Research methodology
• Exhibit 102: Validation techniques employed for market sizing
• Exhibit 103: Information sources

• 11.5 List of abbreviations 
• Exhibit 104: List of abbreviations

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