Refrigerated Transport Market Size, Share, Growth Analysis, By Product(Chilled Food and Frozen Food), By Temperature(Multiple Temperature and Single Temperature), By Mode of Transport(Road, Sea, Rail, Air), By Technology(Vapour Compression Systems, Eutectic Systems, Cryogenic Systems, Others), By Region - Industry Forecast 2024-2031

On the basis of region, global refrigerated transport market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia-Pacific accounts for around 38% of the global market and is expected to continue its dominance during the forecast period. A primary factor driving refrigerated transport consumption in the Asia-Pacific region is the region's strong economic growth. Also, increasing government investment in transport infrastructure development projects in key countries such as Japan, India, and China, as well as expansion of the construction, automotive, and transport industries, are driving the growth of refrigerated transport in the region.

Europe is expected to witness significant growth in the global refrigerated transport market during the forecast period due to increasing demand for chilled and frozen foods, increasing population, and increasing need for refrigerated transport in the region. The market is expanding due to the growing demand for chilled and frozen meals. Germany is one of the world's top consumer countries in this market.

North America is expected to witness significant growth in the global refrigerated transport market due to increasing technological innovations in refrigerated systems, increasing disposable income, and the growing retail and e-commerce industry in the region. For example, on July 23, 2020, Lineage Logistics announced the opening of a Canadian platform through the acquisition of Ontario refrigerated service Inc.