Transportation Condensing Units– Perishable Food Security & Related Concerns Take Back Seat
Burgeoning concerns pertaining to the perishable food safety and related concerns have led to an increased penetration of transportation condensing units in the cold chain. With an extensive portfolio of products and services, demand for transportation condensing units is witnessing substantial growth as they help manage and monitor the cold chain of highly temperature-sensitive, and perishable products. Food brands are increasingly leveraging trucks and trailers that are equipped with transportation condensing units to capitalize on the growing demand for chilled and frozen food products.
Transportation Condensing Units Market - Key Research Findings
Global transportation condensing units market size in 2018 – Nearly US$ 2.3 Bn
The transportation condensing units market is likely to thrive at an estimated 5.6% CAGR over 2018-2028.
Government Food and Logistics Regulatory Scenario -
Latin America - In October 2014, the Brazilian government published dietary guidelines for the use of fresh food over processed food, recommending improved cold chain development to meet the demand for fresh food.
In Sub-Saharan Africa, nearly 94% of all wasted food is a direct result of inadequate and inefficient supply chains. Food franchisees are focusing on significant long-term expansion goals in the Middle East.
Lack of stringent industry standards in transportation and cold chain logistics, and dearth of health and safety regulations regarding handling of temperature-sensitive products propagate improper trade practices.
Increasing awareness regarding significant food wastage due to inefficient transportation and storage systems in India is creating a promising market. But regulatory burdens, complexities of subsidization, and high taxation dissuade service providers from entering the Indian market.
North America and Europe are expected to remain prominent regional markets for transportation condensing units.
Notably, CARB (California Air Resource Board) regulations prevailing in the US do not allow seven or more years old transportation condensing units to operate in the region – consequently encouraging new sales of transportation condensing units, ranging from 10-15 kW.
East Asia and South Asia hold substantial growth potential in the transportation condensing units market.
Globally, cold storage capacity reached 616 million cubic meters in 2018, an increase of 2.7% since 2016. The three prominent markets—India, China, and the US — accounted for 60% of the world’s total refrigerated space.
Scroll compressors are the most preferred type of compressors in new transportation condensing units.
Excellent individual full-load and part-load efficiency, significantly low vibration and lesser movable parts, and continuous compression process with almost no pulsation or vibration make this a lucrative segment in the transportation condensing units market.
Top 4 Factors Shaping the Transportation Condensing Units Market
Government Regulations and Price Competitiveness Set to Play a Pivotal Role
Local content depends upon governmental regulations and market specifics, and is very important for the transportation condensing units market with specific requirements. Importantly, commercial vehicle (CV) manufacturers and suppliers need to offer competitive prices in order to augment the aftermarket sales of transportation condensing units.
Noise Control is One of the Critical Factors Seen by Buyers Before Purchasing Transportation Condensing Units
In addition, noise acts as a critical factor while choosing a transportation condensing unit. Sound-reducing baffles, intake silencers, acoustic barriers, and special door seals are offered by manufacturers in transportation condensing units, such as Thermo King and Carrier, to curb extensive noise levels.
Expansion of Cold Chain Facilities Across the World Proliferate the Need for Efficient Transportation Condensing Units
The transportation of perishable food products in a temperature-controlled environment is an important part of the cold chain, and thus, the growth of the global cold chain is foreseen to boost the demand for transportation condensing units, including refrigerated trailers.
Moreover, increased consumer bargaining power has peaked the demand for fresh and superior quality food products. Thus, postharvest products are required to be transported to processing units with minimal loss in freshness, using transportation condensing units. Consequently, these factors are propelling the demand for transportation condensing units.
Transportation Condensing Units Market Structure Analysis
The global transportation condensing units market is a consolidated competition landscape, wherein, tier 1 companies hold more than 82% revenue share.
While most prominent players maintain strategic focus on the North American and European markets, FMI’s report states that new technology assessment and environment-friendly products will be an important developmental strategy for companies.
Leading players in the transportation condensing units market are also concentrating on the ASEAN, Indian, and Chinese markets where cost competitiveness will remain a strong differentiation strategy.
Transportation Condensing Units – Lifesaver for Frozen & Chilled Product Distribution
Rapid growth of the food & beverages industry coupled with the growing number of warehouse and cold supply chain facilities are providing an impetus to the growth in the transportation condensing units. Foodservice providers, including foodservice chains and caterers are increasingly investing in the deployment of refrigerated display cases to cater to the growing demand for frozen and chilled food and beverages.
North America & Europe to Hold Combined Value Share of Over 65%
Sales of transportation condensing units will grow at a steady pace in North America and Europe, owing to the burgeoning health consciousness among consumers coupled with rising demand for enhanced products and high-end components. Shifting consumer inclination towards ready to eat food, baked, and frozen food products in the developed regions is another key factor driving the adoption of transportation condensing units in the region.
The Broader Perspective
Though transportation condensing units with 10-15 KW cooling capacity will witness significant sales, demand for above 15KW variants is also growing significantly. Growing demand for frozen food and chilled beverages is propelling distributors and suppliers to leverage transportation condensing units-carrying vehicles, such as trucks and trailers, with a cooling capacity of over 15KW. Reciprocating compressors-based transportation condensing units have been witnessing significant demand, while the sales of scroll compressors-based variants are growing at a rapid pace.
Sales of transportation condensing units, ranging from10-15 KW will remain high.
Transporting condensing units with above 15 KW cooling capacity will witness impressive growth.
Reciprocating compressors will remain the most preferred type of compressors.
Demand for scroll compressors to grow significantly.
OEM to remain the leading sales channel in transportation condensing units market
Aftermarket sales will grow at a rapid pace
Trailers to remain the most preferred and dominant vehicle type using transportation condensing units
Adoption of trucks in the transportation condensing units market to grow at a steady pacesales will grow at a rapid pace
How Growth will Unfold
Sales of transportation condensing units through OEM sales channel will continue to remain high, as they are made by and for the manufacturer of a vehicle. However, aftermarket sales of transportation condensing units are also picking pace, owing to the growing manufacturer and buyer demand for customized, vehicle specific variants.
OEM | Aftermarket
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Transportation Condensing Units Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028
A recent report published by FMI “Transportation Condensing Units Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028” offers a detailed assessment of various factors and market dynamics affecting the growth of transportation condensing units market. After a comprehensive research on the historical and current growth trends of the transportation condensing units market, the growth projections of the market are achieved with highest precision.
Transportation Condensing Units Market Taxonomy
The global transportation condensing units market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Cooling Capacity
- Below 5 KW
- 5 - 10 KW
- 10 - 15 KW
- 5.3.4. Above 15 KW
By Compressor Type
By Sales Channel
By Vehicle Type
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report begins with executive summary of transportation condensing units market, which contains a summary of key research findings, demand side trends as well as supply side trends. It also includes the market size estimates, in US$ million, of key segments in transportation condensing units market.
This section includes detailed market taxonomy and definition of transportation condensing units market, which will help understand basic information and key inclusions considered in transportation condensing units market report.
This section presents key market trends that are anticipated to affect the transportation condensing units market growth during the forecast period.
It includes product adoption & usage analysis and manufactures strategies for market expansion.
Based on cooling capacity, the transportation condensing units market has been segmented into four types, Below 5 KW, 5 - 10 KW, 10 - 15 KW and Above 15 KW. In this section, readers can learn about the key developments and trends in the transportation condensing units market, as well as market attractiveness analysis based on the cooling capacity.
This chapter provides details about the Transportation Condensing Units market on the basis of compressor type, which is segmented into reciprocating, rotary and scroll. In this chapter, readers can understand the transportation condensing units market attractive analysis based on compressor type.
This chapter provides details about the Transportation Condensing Units market on the basis of sales channel, and has been classified into Original Equipment Manufacturer (OEM) and aftermarket. In this section, readers can learn about the transportation condensing units market attractive analysis based on sales channel.
This chapter provides details about the transportation condensing units market on the basis of vehicle type, which is segmented into trucks and trailers. In this chapter, readers can understand the transportation condensing units market attractive analysis based on compressor type.
A detailed analysis of transportation condensing units across various geographic regions, such as North America, Latin America, Europe, South Asia & Oceania, East Asia and Middle East & Africa (MEA) is provided in this section.
In this section, a detailed analysis of the North America transportation condensing units market is presented, along with a country-wise assessment of U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in North America Transportation Condensing Units market.
In this section, a detailed pricing analysis as well as regional trends impacting the growth of the Latin America transportation condensing units market is available. This section also includes various growth prospects for the transportation condensing units market in the leading LATAM countries such as Brazil, Mexico and the Rest of Latin America.
Important growth prospects of the transportation condensing units market based on its end users in several countries, such as Germany, U.K., Italy, France, Spain, BENELUX, Russia, Poland and Rest of Europe, are included in this chapter.
China, Japan and South Korea are the leading countries in the East Asia region that are the prime subjects of assessment to obtain the growth prospects of the East Asia transportation condensing units market in this chapter. Readers can find detailed information about the growth parameters of the East Asia transportation condensing units market during the period 2018-2028.
This chapter highlights the growth of the transportation condensing units market in the South Asia & Oceania by focusing on India, ASEAN and Oceania. This section also helps readers understand the key factors that are responsible for the growth of the transportation condensing units market in South Asia & Oceania.
This chapter provides information about how the transportation condensing units market will grow in the major countries in the MEA region, such as GCC Countries, Turkey, Northern & South Africa and Rest of MEA, during the forecast period 2018 - 2028.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the transportation condensing units market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the transportation condensing units market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Carrier Transicold, Thermo King, Guangzhou Snowfall Refrigeration Equipment Co., Kingtec, Zanotti and Electric Reefer Solutions, among others.
A detailed list of all acronyms and assumptions used in the Transportation Condensing Units report are available in this chapter
A thorough presentation of the research methodology followed to arrive at various conclusions in the transportation condensing units market report are included in this chapter.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Product Line Managers
- Procurement Heads
- Channel Managers
- Sales Executives
- Product Manufacturers
- Traders / Importers
- Raw Material / Component Providers
- Aftersales Service Providers
- Industry Experts
- End Users
- Assemblers / integrators
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
- Industry Magazines
- Industry Associations
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
- World Bank, UNIDO, IMF
Primary Interview Splits