Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Road Transport Refrigeration Equipment: A Global Strategic Business Report

Global road transport refrigeration equipment market: $9 billion industry by 2018


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-03-14 12:47:02 - Road Transport Refrigeration Equipment: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

The Global Road Transport Refrigeration Equipment market is projected to reach US$8.8 billion by 2018, driven by technology innovations in energy efficient refrigeration and growing consumption of frozen and chilled foods.

Road Transport Refrigeration Equipment is a growing market driven by the indispensable need to transport temperature sensitive products like food/beverages, pharmaceuticals, chemicals, plants, flowers, among others. Demand for these systems is dependent on the health of key industries like food and beverage, pharmaceuticals and chemicals. A vital link in the "cold chain", demand for refrigeration equipment is also influenced by trade patterns and transportation costs. Trade patterns determine the supply of transport services, which in turn influences growth in the road transport refrigeration equipment market. Other factors that influence

 

 

growth in the market include environmental regulations, economic, political, energy-related policies and technological developments, as these factors have the ability to significantly impact the cost of transportation. General economic conditions, consumer spending, and domestic food consumption levels also influence growth in the market.

The market is expected to witness robust demand for energy efficient refrigeration systems encouraged by the growing focus on lowering transportation costs and the need to conform to stringent environmental emission norms. The cost of acquiring, maintaining and operating refrigerated transport equipment accounts for over 50% of the lifetime cost of a refrigerated transport vehicle and therefore has the potential to influence the level of transportation efficiency and costs. New innovations in refrigeration equipment/systems that reduce refrigerant losses are poised to benefit, given its ability to reduce fuel consumption and also environmental pollution. As the world haulage industry comes under increased pressure to offer competitive transport tariffs against a backdrop of rising fuel prices and growing cost of environmental pollution, demand for high quality and effective refrigeration equipment is forecast to grow rapidly.

The US represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 7.8% over the analysis period. Growth in the region is led by growing population, rapid urbanization, expanding base of middle class consumers, Westernization of food habits, increasing domestic consumption of chilled and frozen food and non-food products and developments in road infrastructure. Global Industry Analysts ©

Click for report details: www.companiesandmarkets.com/Market/Industrial/Market-Research/Ro ..

Browse all Industrial Market Research Reports www.companiesandmarkets.com/Market/Industrial/Market-Research?aC ..

Browse all Industrial Company Profile Reports www.companiesandmarkets.com/Market/Industrial/Company-Profile?aC ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com