Refrigerated goods trucking refers to a type of shipping that uses temperature-controlled trucks with special equipment in which the cargoes are kept at a controlled temperature throughout the shipping process by an integrated refrigeration system in the transport trucks to provide over-the-road transportation of refrigerated goods. The main vehicle types in the refrigerated goods trucking market are light commercial vehicles, medium-heavy commercial vehicles, and heavy commercial vehicles. A light commercial vehicle is any vehicle with a gross vehicle weight exceeding 7,500 kilogrammes that is used to courier and parcel fruits, vegetables, white goods, beverages, and many more. It is also segmented by temperature into single temperature and multi-temperature and by application into food products, poultry, meat, and seafood, dairy and beverages, bakery and confectionery, pharmaceuticals, and others. The refrigerated goods trucking market research report is one of a series of new reports from The Business Research Company that provides refrigerated goods trucking market statistics, including refrigerated goods trucking industry global market size, regional shares, competitors with a refrigerated goods trucking market share, detailed refrigerated goods trucking market segments, market trends and opportunities, and any further data you may need to thrive in the refrigerated goods trucking industry. This refrigerated goods trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global refrigerated goods trucking market size will grow from $62.41 billion in 2022 to $68.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global refrigerated goods trucking market size is expected to grow to $95.15 billion in 2027 at a CAGR of 8.6%. Increasing demand for perishable foods such as ready-to-eat food items, milk and dairy products, and fruits and vegetables is predicted to contribute to the growth of the refrigerated goods trucking market. The surging demand for frozen food items is propelling suppliers to equip their refrigerated units with multi-temperature systems, computer controls, and thermal liners to keep the food at the required temperature. According to the National Dairy Development Board (NDDB), the demand for milk in the Indian market is expected to reach 180 million tonnes by 2022. Therefore, increasing demand for refrigerated food products is expected to drive the market for refrigerated goods trucking during the forecast period. Lack of infrastructure for cold storage in developing countries is anticipated to limit the growth of the refrigerated goods trucking market over the forecast period. Cold chain management (CCM) is a recently adopted concept in supply chain management. A CCM is a network of cold stores, refrigerators, freezers, refrigerated trucks, and cold boxes that are organised to maintain the temperature of the food items during storage, transportation, and distribution from the factory. Lack of proper cold chain management leads to losses in food and money. According to the Food and Agriculture Organization of the United Nations (FAO)’s report on 16 countries from sub-Saharan Africa showed that cold chains are very poorly developed or inexistent in most subsectors in the region. Moreover, the International Institute of Refrigeration (IIR) estimated that in developed countries, cold storage capacity in urban areas is about 200 litres per capita (where 70% of the population is urban), whereas in developing countries it is about 19 litres per capita (where 50% of the population is urban). Thus, the lack of cold chain infrastructure, especially in developing economies, will result in low demand for refrigerated goods trucking services, which is likely to act as a major restraint for the growth of the market. Major companies operating in this market are continuously investing in introducing new technologies such as cloud computing, IoT solutions, solar-powered systems, and communication technologies such as machine learning, GPS, and 5G for greater accountability, visibility, and performance in refrigerated storage and transport. It is estimated that investments in this field are likely to reach $40 billion by the end of 2020. Moreover, in April 2020, Carrier Transicold launched a solar charging system for transport refrigeration unit batteries that has an innovative design that conveniently fits on top of the unit. The innovative solar charging system is capable of delivering 2.0-amp power delivery by combining ultrapure silicon cells with a high-performance charge controller. In January 2020, Nolan Transportation Group (NTG), a truckload brokerage and third-party logistics services provider, acquired Eagle Transportation LLC., a cold chain logistics specialist, for an undisclosed amount. With the acquisition of Eagle Transportation LLC., Nolan Transportation Group (NTG) plans to expand its nationwide supply chain solutions offerings with enhanced temperature-controlled capabilities and expertise. Eagle Transportation LLC is a Mississippi-based brokerage and transportation company engaged in providing on-time temperature-controlled shipping services. Major players in the refrigerated goods trucking market are Schmitz Cargobull AG, Great Dane LLC., China International Marine Containers, Kogel Trailer GmbH & Co., Hyundai Translead Inc., Wabash National Corporation, KRONE, GRW Tankers, and Trailers. North America was the largest region in the refrigerated goods trucking market in 2022. Western Europe was the second largest region in the global refrigerated goods trucking market. The regions covered in the global refrigerated goods trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the refrigerated goods trucking market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The refrigerated goods trucking market includes revenue generated by entities that provide transportation services for products that must be kept at a specific temperature in order to maintain product shelf life and reduce the possibility of degradation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global refrigerated goods trucking market is segmented - 1) By Vehicle Type: Light Commercial Vehicle, Medium Heavy Commercial Vehicles, Heavy Commercial Vehicles 2) By Temperature: Single Temperature, Multi-Temperature 3) By Application: Food Products, Poultry, Meat, and Seafood, Dairy and Beverages, Bakery And Confectionery, Pharmaceutical, Other Applications

The industrial refrigeration equipment refers to the cold storage equipment that is designed to contain and use refrigerant gas to establish or maintain colder than ambient temperatures in a confined space, used in commercial settings. The main equipment types of industrial refrigeration equipment are condenser, compressor, evaporator, and controls. A condenser refers to a piece of industrial equipment that will act as a heat exchanger to convert a vapor to a liquid. The refrigerant types are ammonia, carbon dioxide, and hydrofluorocarbon. The various end-user industries included are food and beverage, refrigerated warehouse, chemical, petrochemical, pharmaceutical, refrigerated transportation, and other end-user industries. The industrial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides industrial refrigeration equipment market statistics, including industrial refrigeration equipment industry global market size, regional shares, competitors with an industrial refrigeration equipment market share, detailed industrial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the industrial refrigeration equipment industry. This industrial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global industrial refrigeration equipment market size will grow from $35.58 billion in 2022 to $37.02 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial refrigeration equipment market size is expected to grow to $42.5 billion in 2027 at a CAGR of 3.5%. The growth of the food and beverage processing industry especially in developing countries is expected to drive the industrial refrigeration equipment market. Globally, food and beverage processing is considered to be one of the largest industries. On average, 90% of the produced food is processed in developed countries such as the USA. High demand for processed and convenience meat products was witnessed in the last decade due to the changing and busy lifestyles of consumers. For the last five years, ranked fifth in the world in terms of production, consumption, and exports, India’s food-processing sector is growing by 8% annually. For instance, by 2024, according to a joint study by ASSOCHAM India and Grant Thornton UK, India's food processing sector is estimated to have the potential to attract $33 billion in investments and the total food production in India is estimated to double by 2024. To keep processed food products fresh and healthy, industrial refrigeration systems are required and the increasing consumption of processed foods is propelling the demand for industrial refrigeration systems and further supporting the market growth. Strict regulations imposed on the use of global warming potential (GWP) refrigerants due to global concerns are expected to restrain the growth of the refrigeration equipment market. Major greenhouse gases that are responsible for environmental concerns such as global warming are chlorofluorocarbon and hydrochlorofluorocarbons. Stringent regulations are being imposed by developing countries to overcome global environmental concerns. For instance, by 2030, according to the Montreal Protocol, full consumption phase-out of refrigerants with higher GWP to promote environmental health, is aimed at non-Article 5 countries. The Montreal Protocol has set limits for the HCFC consumption (or cap) at 0.5% cap in 2020 and a full consumption phase-out in 2030. According to the EU F-Gases Regulation, from January 2020, the use of fluorinated greenhouse gases for servicing and maintaining refrigeration equipment with a charge size of 40 tons of CO2 equivalent [CO2e] or more, which are with a global warming potential of 2,500 or more shall be prohibited. Under this, the permission for use of virgin HFCs with a GWP >2,500 for topping up and/or maintaining existing systems onboard EU-flagged ships is prohibited. Thus, strict regulations imposed on the use of GWP refrigerants due to global concerns are acting as a restraint on market growth. The trend of adoption of environment-friendly refrigerants is increasing within the industrial refrigeration equipment market, which is expected to fuel the growth of the market. A major contribution towards environmental concerns such as ozone layer depletion and global warming are contributed by refrigerants as they absorb infrared radiation and retain it in the atmosphere. The environment-friendly refrigerants do not deplete the ozone layer in the atmosphere, do not contribute to global warming, and have a low Global Warming Potential (GWP). Halogen-based refrigerants face stringent regulations by governments of several countries and this is strengthening the use of environment-friendly refrigerants. For instance, in May 2021, MIRAI INTEX, an Czechia-based engineering company that manufacture ultra-low temperature refrigerators for the pharmaceutical industry launched MIRAI Cold 80 T, which is an eco-friendly ultra-low temperature refrigeration system. MIRAI Cold 80 T uses only air as a refrigerant and does not use oil for lubrication, making it the most environmentally friendly Ultra-Low Temperature (ULT) refrigeration solution. Therefore, the adoption of natural refrigerant-based equipment owing to stringent regulatory policies is another factor driving the industrial refrigeration system market growth. In 2020, Gardner Denver Holdings, Inc., a US-based global provider of industrial products such as compressors, blowers, and vacuum pumps, merged with Ingersoll Rand Industrial segment for an undisclosed amount. The newly combined company, named Ingersoll Rand Inc. is expected to be placed as one of the major global players in mission-critical flow creation and industrial technologies. Ingersoll Rand will produce mission-critical flow creation systems that include air compressors, pumps, blowers, Club Car brand of electric vehicles, and systems for fluid management, loading, and material handling. Ingersoll Rand is a US-based innovative company that provides mission-critical industrial, energy, specialty vehicle, and medical products and services. Major players in the industrial refrigeration equipment market are Johnson Controls Inc., Emerson Electric Co., United Technologies Corporation, Ingersoll-Rand PLC., Lennox International Inc., Danfoss A/S, GEA Group AG, EVAPCO Inc., BITZER Kühlmaschinenbau GmbH, and Mayekawa Mfg. Co. Ltd. The Asia-Pacific was the largest region in the industrial refrigeration equipment market in 2022. North America was the second largest region in the global industrial refrigeration equipment market. The regions covered in the global industrial refrigeration equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the industrial refrigeration equipment are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The industrial refrigeration equipment market consists of sales of chillers, refrigeration compressors, condensers, cooling towers, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global industrial refrigeration equipment market is segmented - 1) By Equipment Type: Condenser, Compressor, Evaporator, Controls 2) By Refrigerant Type: Ammonia, Carbon Dioxide, Hydrofluorocarbon 3) By End-User Industry: Food and Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, Other End-User Industries

Refrigerated warehousing and storage refer to a type of cold storage facility that provides services such as blast freezing, tempering, and modified atmosphere storage that are used to store products that must be kept at specific temperatures to stay fresh, such as foods, medicines, and biological samples in research laboratories to improve the integrity of the product, maintain the shelf life of drugs, and reduce contamination among the products. The main types in the refrigerated warehousing and storage market are cold storage and frozen storage. Cold storage refers to the storage (as of food) in a cold place for preservation. The market is also segmented by ownership into private warehouses, public warehouses, and bonded warehouses and by application into fruits and vegetables, bakery and confectionery, milk and dairy products, meat, seafood, beverages, and others. The refrigerated warehousing and storage market research report is one of a series of new reports from The Business Research Company that provides refrigerated warehousing and storage market statistics, including refrigerated warehousing and storage industry global market size, regional shares, competitors with a refrigerated warehousing and storage market share, detailed refrigerated warehousing and storage market segments, market trends and opportunities, and any further data you may need to thrive in the refrigerated warehousing and storage industry. This refrigerated warehousing and storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global refrigerated warehousing and storage market grew from $156.19 billion in 2022 to $170.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The refrigerated warehousing and storage market is expected to grow to $235.99 billion in 2027 at a CAGR of 8.4%. Warehouses are increasingly using mobile technologies to efficiently monitor warehouse operations. Mobile technology includes the use of tablets, smartphones, mobile printers, and other handheld devices for communication and information. These devices make use of GPS, RFID, VoIP, digital imaging, and voice technology. Technicians operating forklifts and automated material handling equipment in a warehouse are using mobile technologies to obtain information on troubleshooting, repairs, and work orders. This gives warehouse managers access to equipment status and performance reports and enables them to track warehouse operations around the clock. Wearable technology such as smart glasses is being integrated with warehouse management systems to improve hands-free mobility for workers. According to a report by MHI, a material handling, logistics, and supply chain association, 22% of the respondents use mobile technologies in warehouses, and the adoption rate is expected to reach 45% in the next two years. Major companies in the refrigerated warehousing and storage market include AmeriCold Logistics/Americold Realty Trust and Subsidiaries, Nichirei Corporation, Lineage Logistics Holdings LLC, Henningsen Cold Storage Co, Burris Logistics, Toyo Suisan Kaisha Ltd., Agro Merchants North America Holdings LLC, Nippon Suisan Kaisha Ltd., and Snowman Logistics Ltd. Asia-Pacific was the largest region in the refrigerated warehousing and storage market in 2022. North America was the second largest region in the refrigerated warehousing and storage market. The regions covered in the refrigerated warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the refrigerated warehousing and storage market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The refrigerated warehouse and storage market includes revenue earned by entities by providing refrigeration services to keep produce (often food) at an ideal temperature, prevent rotting, extend its life span, and minimize microbial contamination growth. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global refrigerated warehousing and storage market is segmented - 1) By Type: Cold Storage, Frozen Storage 2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses 3) By Application: Fruits & Vegetables, Bakery & Confectionery, Milk & Dairy Products, Meat, Seafood, Beverages, Other Applications

Transport equipment is defined as equipment that is used for the movement of people or goods from one place to another. The main types in the transport market are motor vehicle parts, motor vehicles, trains and components, trailers, motor homes, travel trailers, and campers, ship and boat building and repairing, and all other transportation equipment. Motor vehicle parts refer to the parts of vehicles such as bicycles, cycles, and other types. The various applications include general services, dockage, hull parts, engine parts, electric works, auxiliary services. These are used by transport companies, the military, and other end users. The transport market research report is one of a series of new reports from The Business Research Company that provides transport market statistics, including transport industry global market size, regional shares, competitors with a transport market share, detailed transport market segments, market trends and opportunities, and any further data you may need to thrive in the transport industry. This transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global transport market grew from $5894.62 billion in 2022 to $6464.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transport market is expected to grow to $9091.42 billion in 2027 at a CAGR of 8.9%. The Transport Manufacturing Market has been aided by the rapid economic growth of developing countries during the historical period. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the transportation manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the transportation manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Virtual reality and augmented reality technologies are being widely used by transportation manufacturing companies for the faster creation of physical prototypes and to reduce manufacturing defects. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. These technologies benefit the manufacturing process by reducing rework, increasing quality, lowering labour costs, meeting timelines, improving safety, streamlining collaboration, design analysis approach, improving accuracy, aiding in project management, and presentation of product plans. Major transportation manufacturing companies utilizing AR and VR technologies include Toyota, Volkswagen Group, General Motors, and Daimler AG. Major companies in the transport market include Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group, Fiat Chrysler Automobiles NV, Ford Motor Co, SAIC Motor Co Ltd., Honda Motor Co Ltd., General Motors Co, and Peugeot. Asia-Pacific was the largest region in the transport market in 2022. Western Europe was the second largest market in transport market. The regions covered in the transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia; Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The transport consists of sales of motor vehicle body, stamped metal & other parts, motor vehicle engine, power train & parts, motor vehicle electrical & electronic equipment, steering suspension, & interiors, motorcycle and bicycle, passenger car, commercial vehicle, locomotives, wagons, & other rolling stock, parts & accessories for railway vehicles, dry vans, refrigerated trailers, tank trailers, flatbed trailers, lowboy trailers, self-contained motor homes assembling, van and minivan conversions, travel trailer, camper, shipbuilding and repairing, boat building and repairing and other transport. The market includes only the sales of manufactured transport equipment not transport services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global transport market is segmented - 1) By Type: Motor Vehicle Parts, Motor Vehicles, Train And Components, Trailer, Motor Home, Travel Trailer And Camper, Ship And Boat Building And Repairing, All Other Transportation Equipment 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Other End Users Subsegments Covered: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors, Motorcycle And Bicycle, Passenger Car, Commercial Vehicle, Locomotives, Wagons, & Other Rolling Stock, Parts & Accessories For Railway Vehicles, Dry Vans, Refrigirated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers, Self-Contained Motor Homes Assembling, Van And Minivan Conversions, Travel Trailer, Camper, Ship Building And Repairing, Boat Building And Repairing

Transport services refer to a type of service that includes activities such as warehousing and storage services that are designed to assist people in moving from one location to another to obtain services or perform daily tasks that include the operation of warehousing and storage facilities for merchandise, refrigerated goods, and other materials. The main types in the transport services market are segmented into air transport, general transport, pipeline transport, rail transport, transit and ground passenger transport, truck transport, warehousing and storage, and water transport. Water transport involves the transportation of goods and people from one location to another through the water. The market is also segmented by purpose into commuter travel, tourism and leisure travel, business travel, cargo and freight travel, and shipping and delivery travel, and also segmented by destination into domestic and international. It is also segmented by the end-use industry into mining, construction, agriculture, construction, and others. The transport services market research report is one of a series of new reports from The Business Research Company that provides transport services market statistics, including transport services industry global market size, regional shares, competitors with a transport services market share, detailed transport services market segments, market trends and opportunities, and any further data you may need to thrive in the transport services industry. This transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global transport services market grew from $7197.32 billion in 2022 to $7993.46 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transport services market is expected to grow to $10568.92 billion in 2027 at a CAGR of 7.2%. Faster Economic Growth: The transportation services market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the transportation services market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of "lock down" and harming businesses throughout 2020 and into 2021. However, the transportation services market has started recovering from the shock. Companies are actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries, which, in some cases, are also charged by solar panels installed on the roof of the bus. This improves the fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low-maintenance components, allowing the companies to save costs. Major companies involved in manufacturing electric buses include Kiira Motors, BYD Company, Heilongjiang Qiqiar New Energy Automobile Co., Ltd., Bauer's Intelligent Transportation, Yutong, and Volvo buses. Major companies in the transport services market include United Parcel Service Inc., Amazon.com Inc., United States Postal Service, Deutsche Post AG, FedEx Corporation, Cargill, Incorporated, China Railway Corporation, A.P. Moller-Maersk A/S, Indian Railways, and JSC Russian Railways. Asia-Pacific was the largest region in the transport services market in 2022. Western Europe was the second largest region in the transport services market. The regions covered in The transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the transport services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The transport services market includes revenues earned by entities by transporting goods and people from one location to another for an amount or fee to improve the economy of the particular country. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global transport services market is segmented - 1) By Type: Air Transport, General Transport, Pipeline Transport, Rail Transport, Transit And Ground Passenger Transport, Truck Transport, Warehousing And Storage, Water Transport 2) By Purpose: Commuter Travel, Tourism And Leisure Travel, Business Travel, Cargo And Freight Travel, Shipping And Delivery Travel 3) By Destination: Domestic, International 4) By End-Use Industry: Mining, Construction, Agriculture, Other End Use Industries Subsegments Covered: Passenger Air Transport, Chartered Air Transport, Air Cargo Services, Sightseeing Transport & Support Activities For Transport, Couriers And Messengers, Postal Services, Crude Oil Pipeline Transport, Natural Gas Pipeline Transport, Refined Petroleum Products Pipeline Transport, Other Pipeline Transport, Passenger Rail Transport, Rail Freight, Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other Transit And Ground Passenger Transport, General Freight Trucking, Specialized Freight Trucking, General Warehousing And Storage, Refrigerated Warehousing And Storage, Specialized Warehousing And Storage, Farm Product Warehousing and Storage, Deep Sea, Coastal, And Great Lakes, Inland Water Transport

HVAC and commercial and industrial refrigeration equipment refers to the machinery that deals with the commercial and industrial refrigeration sector that transfers the heat energy from or to the products, or building environment. The main types of HVAC and commercial and industrial refrigeration equipment are HVAC equipment, and commercial and industrial refrigeration equipment. Commercial and industrial refrigeration equipment refers to the machinery that deals with the commercial and industrial refrigeration sector. The various capacities include small, medium, and large. The various applications involved are food processing, beverage production, chemicals and pharmaceuticals, petrochemicals, and energy. The HVAC and commercial and industrial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides HVAC and commercial and industrial refrigeration equipment market statistics, including HVAC and commercial and industrial refrigeration equipment industry global market size, regional shares, competitors with an HVAC and commercial and industrial refrigeration equipment market share, detailed HVAC and commercial and industrial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the HVAC and commercial and industrial refrigeration equipment industry. This HVAC and commercial and industrial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hvac and commercial and industrial refrigeration equipment market grew from $441.46 billion in 2022 to $467.36 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hvac and commercial and industrial refrigeration equipment market is expected to grow to $568.62 billion in 2027 at a CAGR of 5.0%. The HVAC and commercial and industrial refrigeration equipment market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the HVAC and commercial and industrial refrigeration equipment market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the HVAC and commercial and industrial refrigeration equipment market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Geothermal heating and cooling technology are becoming popular because of the surge in demand for energy-efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground and it uses cool water from the ground to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy. Major companies in the HVAC and commercial and industrial refrigeration equipment market include Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Hitachi Ltd., Ingersoll-Rand Plc, Danfoss GmbH, Atlas Copco AB, Carrier Corporation, Mitsubishi Heavy Industries Ltd., and Robert Bosch GmbH. The Asia-Pacific was the largest region in The HVAC and commercial and industrial refrigeration equipment market in 2022. North America was the second largest region in the HVAC and commercial and industrial refrigeration equipment. The regions covered in the HVAC and commercial and industrial refrigeration equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries in the HVAC and commercial and industrial refrigeration equipment market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The HVAC and commercial and industrial refrigeration equipment market consists of sales of split systems, hybrid systems, duct-free systems, and packaged heating and air systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hvac and commercial and industrial refrigeration equipment market is segmented - 1) By Type: HVAC Equipment, Commercial And Industrial Refrigeration Equipment 2) By Capacity: Small, Medium, Large 3) By Application: Food Processing, Beverage Production, Chemicals and Pharmaceuticals, Petrochemicals, Energy, Logistics Subsegments Covered: Air-Conditioning Equipment, Warm Air Heating Equipment, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment

A transportation management system (TMS) is a platform for streamlining the transportation process, which is a part of the supply chain. It involves the organizing, monitoring, managing, and handling of any functions related to the transportation of products from placing the order to the final delivery. The main components of transportation management systems are solutions and services. Solutions refer to those that are used for assisting in the optimization of the overall supply chain process, resulting in increased profit margins and growth in the transportation industry. These can be deployed through on-premise and cloud. These systems are used in modes of transportation such as roadways, railways, waterways, and airways and by industry verticals that include retail, healthcare and pharmaceuticals, manufacturing, energy and utilities, the government sector, and other industry verticals. The transportation management systems market research report is one of a series of new reports from The Business Research Company that provides transportation management systems market statistics, including transportation management systems industry global market size, regional shares, competitors with a transportation management systems market share, detailed transportation management systems market segments, market trends and opportunities, and any further data you may need to thrive in the transportation management systems industry. This transportation management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global transportation management systems market size grew from $9.43 billion in 2022 to $10.85 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transportation management systems market size is expected to grow to $18.47 billion in 2027 at a CAGR of 14.2%. The demand for efficient transportation solutions is expected to propel the growth of the transportation management systems market going forward. Efficient transportation solutions refer to alternatives to single-occupancy vehicles that include improved transportation options and make streets safer for drivers, pedestrians, cyclists, and transit users. Demand for efficient transportation solutions compels the transport management systems market to come up with better solutions and services for their customers. For instance, according to the National Vehicle Licensing Statistics, in 2021, there were 2.3 million vehicles registered for the first time in 2021 in the UK, up 5% compared to 2020, indicating an improvement in the public's accessibility to transportation options and thereby increasing the demand for efficiency of the transportation solutions. With an annual global production of over 79.1 million vehicles in 2021, an increase of 1.3% compared to 2020, the auto industry is expanding quickly. Therefore, the demand for efficient transportation solutions is driving the transportation management systems market. Technological advancements in the transportation and logistics industry are the key trend gaining popularity in the transport management systems market. Major companies operating in the transport management systems market are coming up with new technologies to sustain their position in the transport management systems market. For instance, in February 2022, MercuryGate International Inc., a US-based provider of transportation management system software solutions, launched its new product map with key delivery and intelligence features. This new platform includes embedded analytics, artificial intelligence, and machine learning and has a new graphical user interface that has remediating capabilities from the TMS control tower. MercuryGate customers can meet local, national, and international supply chain requirements by utilizing smart transportation features to get information regarding all shipment data. In September 2021, E2open Parent Holdings, Inc., a US-based network-based provider of cloud-based, mission-critical, end-to-end supply chain management platforms acquired BluJay Solutions for a deal amount of $770 million. BluJay's acquisition significantly boosts E2open's supply chain execution capabilities, particularly in transportation management and logistics and acquires new clients, and strengthens their global reach. Bluejay Solutions is a software company that provides solutions for supply chain management and transportation management. Major players in the transportation management systems market are 3GTMS, Oracle Corporation, Manhattan Associates, C.H. Robinson, The Descartes Systems Group Inc., Trimble Transportation Enterprise Solutions Inc., Alpega Group, MercuryGate International Inc., SAP SE, Blue Yonder, Infor, International Business Machines Corporation, Cerasis Inc., Transplace, and Revenova TMS. North America was the largest region in the transportation management system market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in transportation management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the transportation management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The transportation management system market includes revenues earned by entities by providing services such as businesses plan, execution and optimization of the physical movement of goods, and proper documentation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global transportation management systems market is segmented - 1) By Component: Solution, Services 2) By Deployment: On-premise, Cloud 3) By Mode of Transportation: Roadways, Railways, Waterways, Airways 4) By Industry Vertical: Retail, Healthcare and Pharmaceutical, Manufacturing, Energy and Utilities, Government Sector, Other Industry Verticals

Commercial refrigeration equipment refers to tools used for cold storage in industrial settings. The main product types of commercial refrigeration equipment are refrigerator & freezer, transportation refrigeration, refrigerated display cases, beverage refrigeration, ice cream merchandiser, and refrigerated vending machine. Beverage refrigeration refers to a refrigerated storage area intended to cool beverages using a vehicle's air conditioning system or a separate phase-cooling system. The refrigerant types are fluorocarbons, hydrocarbons, and inorganics. The various applications involved are hotels & restaurants, supermarkets & hypermarkets, convenience stores, and bakeries. The global commercial refrigeration equipment market size will grow from $59.18 billion in 2022 to $62.11 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global commercial refrigeration equipment market size is expected to grow to $73.95 billion in 2027 at a CAGR of 4.5%. The commercial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides commercial refrigeration equipment market statistics, including commercial refrigeration equipment industry global market size, regional shares, competitors with a commercial refrigeration equipment market share, detailed commercial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the commercial refrigeration equipment industry. This commercial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The increasing demand for frozen & chilled products from consumers is anticipated to drive the commercial refrigeration market. Preference for frozen & chilled products have increased due to changing lifestyle, accelerated urbanization, and benefits offered by frozen products such as longer shelf life, convenience, reduced food preparation & clean-up time. As per the study of the American Frozen Food Institute (AFFI) released in May 2020, there is a significant growth in the purchase of frozen products among consumers with 70% of consumers buying more frozen food than usual during the COVID-19 situation. Frozen food sales increased to 80% in the week of March 15 and 94% in the week of March 22 when compared to the same weeks in 2019. Frozen and chilled products are stored in commercial refrigerators in supermarkets, hypermarkets, and refrigerated trucks from where they are bought and transported. This is likely to generate a higher requirement for commercial refrigeration equipment for storing, which propels the growth of the market. High equipment and installation costs of equipment are expected to hinder the commercial refrigeration equipment market’s growth. For instance, the total cost of the walk-in cooler including installation range from $3,000 to $9,000. In addition to this, the average cost of commercial refrigeration equipment repair falls between $100 and $325. This high cost of the equipment, installation, and maintenance are extremely unaffordable to smaller retailers who rent these services or opt for non-commercial variants, which hinders the growth of the commercial refrigeration equipment market. Companies are concentrating on incorporating the latest technologies such as artificial intelligence, 5G, and machine learning into commercial refrigeration equipment for decreasing electrical consumption, improved preventive maintenance, and better customer experience. For instance, in August 2020, Axiom Cloud and Turn tide Technologies collaborated to stimulate AI technology in Commercial refrigeration. Axiom will license divisions of its IoT infrastructure to Turn tide to support Turn tide's mission to reduce the 25% of global electricity consumption that is misused by legacy motors. In September 2021, Ronin Equity Partners, a US-based private equity firm, acquired QBD for an undisclosed amount. This acquisition broadens the application of QBD's green cooling deck concept and extends our reach into new industries. QBD is a US-based manufacturer of commercial refrigeration equipment. Major players in the commercial refrigeration equipment market are Dover Corporation, Daikin Industries Ltd., Carrier Commercial Refrigeration Inc., Johnson Control Inc., Haier Group Corp., Danfoss, and Emerson Electric Company. The Asia-Pacific was the largest region in the commercial refrigeration equipment market in 2022. North America was the second largest region in the global commercial refrigeration equipment market. The regions covered in the global commercial refrigeration equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the commercial refrigeration equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. Commercial refrigeration equipment market consists of sales of plug-in enclosed vending machines, deli cases, drop in coolers and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global commercial refrigeration equipment market is segmented - 1) By Product Type: Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine 2) By Refrigerant Type: Fluorocarbons, Hydrocarbons, Inorganics 3) By Application: Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery