Refrigerated transportation market report predicts 12.44% growth rate

Research and Markets has announced the addition of the Refrigerated Transportation Market in the US 2015-2019 report to its offerings.
The analysts forecast the refrigerated transportation market in the United States to grow at a compound annual growth rate (CAGR) of 12.44% over the period from 2014 to 2019.
This logistics process that involves transportation of temperature-sensitive perishable goods is an integrated component of cold chain logistics and helps in management and control of the cold chain supply process. Refrigerated transportation requires extensive logistics planning to ensure integrity of goods transported. A rise in international trade has increased the need for the transportation of perishable products from producers to end-users in distant locations. Introduction of new and innovative methods to manage the supply chain improves the effectiveness of logistics.
The new report has been prepared based on an in-depth market analysis with input from industry experts. It also summarizes challenges faced by vendors and the market at large, and key trends that are emerging in the market.
Need for product-specific refrigerated vehicles is one of the major trends emerging in this market. End-users need product-specific refrigerated vehicles that can prevent food contamination by avoiding cross-product transportation.
According to the report, growth in the organized retail sector and growing demand for frozen food are among the main drivers of the market in the United States. Food consumption patterns have changed worldwide and people prefer convenience foods that require efficient logistics services. Temperature-sensitive food products are part of this trend, as these require efficient refrigerated transport services.
Further, the report says government regulations and policies constitute one of the main challenges in this market. The US government has passed several regulations concerning environmental safety because of increasing greenhouse gas (GHG) emissions. Refrigerated vehicle users and service providers are struggling to reduce GHG emissions to comply with the US government’s regulations.
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