Refrigerated Goods Trucking Industry Drivers, Trends, And Market Growth 2021
This report describes and evaluates the global refrigerated goods trucking market. It covers three five years’ periods, including 2015 to 2020, termed the historic period, 2020 – 2025 forecast period and 2025 – 2030 a further forecast period. LONDON, Sept.
14, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the refrigerated goods trucking market, the need for reefer trucks has arisen as a result of the operational activities of vital products such as vaccines distribution, pharmaceuticals and chemicals for biological or pharmaceutical laboratories. In the United States, the bulk distribution of COVID-19 vaccinations is handled by refrigerated trucking companies as expertise and technology is required to deliver the delicate doses intact during critical deployment stages.
In January 2021, Tata Motors, an India based automotive manufacturer introduced a new line of refrigerated trucks to help deliver the COVID-19 vaccine campaign across the nation.
The new vehicles, according to the business, are equipped with specialized transportation equipment. Demand-driven pricing – which has long existed in the aviation industry – is also being witnessed in other transportation services due to the emergence of internet booking and low-cost carriers. With an increase in usage of mobile technology and increased adoption of IoT technology, pricing mechanisms can be conceived based on time of day, road congestion, speed, occupancy and even fuel efficiency and carbon emissions.
For instance, in June 2020, Schneider National, a US-based logistics company collaborated with Blue Yonder transportation management solution to deliver new carrier marketplaces. Schneider National Inc uses Blue Yonder dynamic pricing discovery solution to provide dynamic capacity pricing solution with integrated, seamless experience for shippers and Schneider provides Carriers and shippers track and match prices for capacities in near real time. Contrary to independent truck transportation business that involves negotiation of fare with between transportation companies and shippers, the price under Schneider National is predetermined and depends on a combination of demand-driven factors such as distance, cargo type, and location.
The global refrigerated goods market is expected to grow from £47.54 billion in 2020 to £50.02 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach £59.27 billion in 2025 at a CAGR of 4.3%. The Business Research Company‘s report titled Refrigerated Goods Trucking Global Market Report 2021: COVID-19 Impact And Recovery covers major refrigerated goods trucking companies, refrigerated goods trucking market share by company, refrigerated goods trucking manufacturers, refrigerated goods trucking market size, and refrigerated goods trucking market forecasts. The report also covers the global refrigerated goods trucking market and its segments.
Request For A Sample Of The Global Refrigerated Goods Trucking Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=3659&type=smp Refrigerated goods trucking companies are increasing investments in technological innovations such as cloud computing, IoT, solar-powered systems, and communication technologies such as GPS, 5G for accountability, visibility, and performance in refrigerated transportation.
For instance, in April 2020, Carrier Transicold, a US-based land transport refrigeration solutions provider launched solar charging system for transport refrigeration unit batteries, with an innovative design that conveniently fits on top of the unit. The innovative solar charging system is capable of delivering 2.0-amp power delivery by combining ultrapure silicon cells with a high-performance charge controller. North America was the largest region in the global refrigerated goods trucking market, accounting for 30.8% of the total in 2020.
It was followed by Western Europe, Asia Pacific, Eastern Europe and then the other regions. Going forward, the fastest-growing regions in the refrigerated goods trucking market will be Eastern Europe, Africa where growth will be at CAGRs of 6.93% and 4.52% respectively. These will be followed by the Middle East, North America where the markets are expected to grow at CAGRs of 4.50% and 4.39% respectively, during 2020-2025.
Refrigerated Goods Trucking Global Market Report 2021: COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches. Here Is A List Of Similar Reports By The Business Research Company:
Cold Chain Global Market Report 2021 – By Type (Refrigerated Warehousing, Refrigerated Transport), By Temperature Type (Frozen, Chilled), By Industry Vertical (Pharmaceutical, Healthcare, Food & Beverages, Chemical), COVID-19 Growth And Change Long-Distance General Freight Trucking Global Market Report 2021 – By Services (Truckload Carriers, Less-than-Truckload Carriers, Other Transportation Services), By Activities (General Long-Distance Truckload Transit, General Long-Distance Less-than-Truck Freight Cars Global Market Report 2021 – By Type (Intermodals, Tank Wagons, Freight Cars), By Application (Coal, Petroleum And Chemicals, Metals And Minerals, Automobiles, Agricultural Products), By End-Use Industries (Agriculture, Construction, Oil & Gas
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