Global Refrigerated Road Transportation Market 2018-2022| Penetration of Blockchain Technology Drives Growth | Technavio

LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Energy?src=hash” target=”_blank”gt;#Energylt;/agt;–The global refrigerated road transportation market research report by Technavio
predicts the market to post a CAGR of close to 7% during the
period 2018-2022.


A key driver for the global refrigerated road transportation market is
the global rise in the consumption of fresh meat. In 2017, the global
volume of fresh meat consumption reached around 320 million tons. The
growth is anticipated to continue at a rate of 1.25%-1.5% annually owing
to the increase in the production of bovine and poultry meats. The rise
in fresh meat consumption is likely to increase the market opportunities
of global refrigerated road transportation service providers.

This global
refrigerated road transportation market
research report
also provides an analysis of the most important trends expected to
impact the market outlook during the period 2018-2022. Technavio
classifies an emerging trend as a major factor that has the potential to
significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the penetration of blockchain
technology in logistic services as one of the key trends in the global
refrigerated road transportation market:

Global refrigerated road transportation market:
Penetration of blockchain technology in logistic services

The blockchain technology assists in increasing transparency and
reducing the possibilities of data corruption or data alteration. The
technology is attaining the growth stage in developed countries. But,
the blockchain technology is still in its introduction stage in
developing regions such as APAC and the Middle East. The countries such
as China and Japan have adopted this technique in different industries
such as the pharmaceutical industry and service industries such as
information technology and transportation.

“To improve efficiency and data security in the supply chain, various
cold chain logistics and retail companies are implementing the
blockchain technology in their cold supply chain, which will streamline
operations and expedite the sharing of information and data. This will
create secure documentation of storage temperatures at every point in
the product supply chain,”
says a senior analyst at Technavio for
research on transportation and distribution.

Global refrigerated road transportation market:
Segmentation analysis

This refrigerated road transportation market analysis report segments
the market by vehicle type (refrigerated trailers and refrigerated vans)
and geography (the Americas, APAC, and EMEA).

The refrigerated trailers segment held the largest refrigerated road
transportation market share in 2017, accounting for nearly 52% of the
market. This vehicle type segment is expected to dominate the global
market throughout the forecast period.

The APAC region led the market in 2017 with approximately 40% of the
market share, followed by the Americas and EMEA respectively. The APAC
region is expected to dominate the market throughout the period
2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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