Increase in demand for frozen perishables helps refrigerated transport market
Trying to reach $14.1B by 2020
The refrigerated transport market is projected to reach $14.1 billion by 2020, according to "Refrigerated Transport Market by Commodity Type (Chilled & Frozen), Mode of Transportation (Road Sea, Rail, Air), Vehicle Type (LCV, MHCV, HCV), Technology (Vapour Compression Systems & Cryogenic systems), & by Region - Global Forecast to 2020," a report published by MarketsandMarkets, New York.
According to the study, the refrigerated transport market will witness a CAGR of 6.27% during the forecast period. The market size is projected to a CAGR of 2.53% to 3.01 billion tons during the forecast period. The market report classifies and defines the refrigerated transport market in terms of value and volume.