Technavio’s analysts forecast the Refrigerated Road Transportation market in the United States (US) to grow at a CAGR of 4.6 percent over the period 2010–2014. One of the key factors contributing to this market growth is the increase in adoption of refrigerated transportation by the Food and Beverage industry. The Refrigerated Road Transportation market in the US has also been witnessing increasing adoption of single-temperature unit carriage. However, the US Government’s regulations on greenhouse gas emissions could pose a challenge to the growth of this market.
Key vendors dominating this market include Prime Inc., C.R. England, Greatwide Logistics, and Stevens Transport.
Technavio’s US Refrigerated Road Transportation Market 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the US and covers the US Refrigerated Road Transportation market landscape and its growth prospects. The report also covers the key vendors providing refrigerated road transportation in this market.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Report HighlightsIncreased 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.
For further information and to obtain your copy of this report, please visit www.technavio.com
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