Global Refrigerated Transport Market To Reach $28.33B By 2033 At 4.79% CAGR

(MENAFN- Market Press Release) September 4, 2025 7:48 am - The Refrigerated Transport Market is projected to grow from US$ 18.59 billion in 2024 to US$ 28.33 billion by 2033, at a CAGR of 4.79%. Rising demand for organic, hormone-free, and specialty foods is driving the need for advanced refrigerated.

Refrigerated Transport Market Analysis

The Refrigerated Transport Market is projected to reach USD 28.33 billion by 2033, up from USD 18.59 billion in 2024, growing at a CAGR of 4.79% from 2025 to 2033. Key drivers include the increasing demand for organic produce, hormone-free meat, specialty foods, and the growing need for advanced, reliable, and environmentally friendly refrigeration technology, alongside liberalized trade regulations.

Refrigerated Transport Market Overview

Refrigerated transport ensures the quality and safety of temperature-sensitive products such as food, beverages, pharmaceuticals, and chemicals. Growth is driven by global trade expansion, urbanization, and rising consumer demand for fresh and frozen goods across road, rail, sea, and air transport.

Advancements in refrigeration technology, telematics, and real-time temperature monitoring have enhanced supply chain efficiency and product traceability. However, challenges include high operational costs, strict regulatory compliance, and environmental concerns regarding emissions and refrigerants. Companies are increasingly investing in eco-friendly solutions and digital tools to improve performance and achieve sustainability goals.

The rising demand for fresh fruits and vegetables, dairy, meat, seafood, biologics, insulin, vaccines, and pharmaceuticals drives continuous refrigeration needs. Global health initiatives, clinical studies, and vaccine distribution are expanding the pharmaceutical cold chain, enforcing strict temperature control from manufacturers to healthcare facilities.

Key Information Covered in the Report
.Base Year: 2024
.Historical Period: 2021–2024
.Market Forecast: 2025–2033
.Market: US$ Billion
Market Trends

Technological Advancements in Refrigeration Systems

Technological innovations are transforming refrigerated transport:
.Electric-powered and solar-powered refrigeration units reduce energy waste and environmental pollutants.
.Smart technologies enable real-time monitoring of temperature, humidity, and vehicle location, minimizing spoilage and contamination.
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For example, OOCL and Sumitomo Corporation launched a refrigerated ocean shipping service using electric field technology in February 2024, ensuring long-term preservation of chilled foods with minimal quality loss.

Rise in Pharmaceutical and Healthcare Needs

Demand for refrigerated transport is fueled by:
.Global aging population and rising chronic diseases.
.Distribution of vaccines, biologics, and insulin, requiring precise temperature control.
By 2030, one in six people worldwide will be 60 years or older (WHO). The COVID-19 pandemic emphasized the importance of reliable temperature-controlled transport for medical goods.

Increasing Regulatory Compliance and Quality Standards

.Heightened consumer awareness of food safety and quality drives compliance requirements.
.Stringent regulations are enforced for temperature-sensitive pharmaceuticals and food products.
.Companies use real-time temperature monitoring, GPS tracking, and data analytics to ensure compliance, reduce spoilage, and maintain brand credibility.
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United States Refrigerated Transport Market

The U.S. holds a significant share in North America:
.Growing demand is driven by the expanding e-commerce sector, which reached USD 1.12 trillion in 2023, a 330% increase since 2013.
.Online grocery platforms and direct-to-consumer meal kits push for efficient cold chain logistics.
.Retailers are expanding cold supply chains, while logistics companies are adopting electric trucks with integrated electric refrigeration units.
For instance, Isuzu's all-electric NRR EV truck with Thermo King's e300 unit showcased in 2024 offers 60–235 miles range and continuous cooling for medium-duty delivery with zero emissions.

Key Insights into Refrigerated Transport Companies

Notable players include:
.J.B. Hunt Transport Services, Inc. – Offers Shipper 360 for temperature-controlled transportation.
.C.H. Robinson Worldwide, Inc. – Provides refrigerated truckloads, climate-controlled LTL services, and cross-border shipping.
.Schneider National, Inc., Swift Transportation Co., and Kuehne + Nagel – Key logistics providers in the refrigerated segment.
.Fenagy (Denmark) – Sustainable heating and cooling solutions for refrigerated transport.
.SolarFreeze (Kenya) – Solar-powered refrigeration and cooling solutions.
.SmartCAE – Innovative temperature-controlled logistics solutions.

Latest News and Developments

.December 2024: SeaCube and Greensee launched Green and Net-Zero Reefer Leases with AI-driven CO? emissions reporting. The E-COOLPAC electric genset enabled last-mile electrification with modular battery packs (35–105 kWh).
.November 2024: Carrier Transicold showcased digital and electric refrigeration solutions at Intermodal Europe 2024, highlighting OptimaLINETM for energy efficiency and sustainability.

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