Increased Adoption of Refrigerated Transportation by Food and Beverage Industry Driving US Market

A recently released report by Technavio, specialists in emerging technologies market research, reveals that the US Refrigerated Road Transportation market is expected to grow at a CAGR of 4.6 percent.

The report, which focuses specifically on the United States, indicates that the market is being driven by the increased adoption of refrigerated transport especially by the Food and Beverage industry.

According to Technavio’s industry analyst, “Refrigerated transportation plays a vital role in the value chain of the Food and Beverage industry as it improves efficiency and reduces operating expenses. Refrigerated transportation is used to preserve perishable foods at all stages, from production to distribution. Moreover, the Food and Beverage industry has been able to reduce wastage and improve the quality of food with the aid of refrigerated transportation.”

The report also highlights that the high capital investment required is hindering the growth of this market. However, cost-effective outsourced services have been providing a boost to the market. There is also a trend in this market of increasing adoption of single-temperature carriage.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, US Refrigerated Road Transportation Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including Prime Inc., C.R. England, Greatwide Logistics Services, and Stevens Transport.

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Ludmila Berkesova
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Technavio
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