The Global Refrigerated Road Transportation market is expected to post a CAGR of 17.95 percent during the forecast period of 2014-2019, according to a new report by market research company Reportstack.
The growing demand for chilled and frozen food has driven the growth of the market and many service providers offer end-to-end cold chain management services to customers such as inventory management, order scheduling, order forecasting, warehousing, and delivery management and are participating in the decision making, according to the report, called Global Refrigerated Road Transportation Market 2015-2019.
“Shippers now tend to choose a vendor that has a smaller carbon footprint and generates fewer pollutants. Refrigerated transport providers are using eco-friendly electric vehicles using renewable sources of energy and a few companies have already moved toward the Go Green concept,” researchers said.
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.