Perishable Goods Transportation market research delivers practical and actionable intelligence of market to support your idea with research based facts. It provides deep understanding, clarifies diversities of market to help you decide not only the succeeding strategy but also to achieve desired market position. This market research is a combine result of inputs from industry experts with awareness, experience of Perishable Goods Transportation industry and qualitative and quantitative synthesis of market. Industry experts project Perishable Goods Transportation market to grow at a CAGR of 7.29% during the period 2017-2021.

Perishable goods transportation involves the transportation of temperature-sensitive goods. It is an integrated component of cold chain logistics and helps in the management and control of the flow of the cold chain supply process. Perishable goods transportation is an integrated component of cold chain logistics and helps in the management and control of the flow of the cold chain supply process. A rise in international trade has increased the need for the transportation of perishable products from producers to end-users in distant locations. Such transportation requires extensive logistics planning to ensure the integrity of the goods transported. The introduction of new and innovative methods to manage the supply chain management improves the effectiveness of logistics.

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Perishable Goods Transportation Market Trend, Challenge and Driver: –

Perishable Goods Transportation Market trend: – One trend in market is integration of GPS tracking and temperature monitoring systems. When perishable goods such as vegetables, meat, and fruits are transported, especially over long distances, the temperature needs to be maintained throughout the transit. During equipment failure, the temperature in the trucks and trailers changes, resulting in the spoilage of goods. When equipment failures go undetected for a considerable period of time, the products in the trucks and trailers get spoilt. To avoid the huge loss of goods, manufacturers have started installing temperature monitoring systems in the refrigerated units. Through the temperature monitoring system, a temperature alarm is set in each truck or trailer that is monitored either through fleet management software or intelligent alarm units. This monitoring systems send messages to the drivers in case of any equipment failure. Through these systems, the time taken to respond to refrigeration equipment failures is reduced by almost 70%, as the problem is immediately fixed or the goods are transferred to another truck, thereby saving the goods from spoilage

Perishable Goods Transportation Market Challenge: – one challenge in market is high cost of diesel and maintenance. Use of diesel fuel is harmful to the environment as it releases black soot that contaminates air particles and the surroundings. The cost of diesel fuel is also a major concern for refrigerated truck manufacturers. On an average, diesel power refrigeration unit consumes about 3.5-4.5 liters of diesel, per hour, costing around $1.00 to $1.50 per liter. For an average input of 3,000 hours in a year, the cost of fuel for a conventional refrigeration unit will cost $12,000. The maintenance cost of refrigeration units is also high due to the complexity of the unit. On an average, the maintenance cost of refrigerated trucks comes up to $6,500 in a year. Though many vendors in the market have shifted to alternative and cost-effective methods, such as nitrogen systems, most of the vendors are still highly dependent on diesel. Nitrogen systems used by many refrigeration transport units cost upward of $8,000 per year, and almost 55%-60% of the maintenance costs get reduced.

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Perishable Goods Transportation Market Driver: – One driver in market is high demand for frozen food products. The primary reason for the growth of the frozen food segment is due to the lifestyle change and dietary patterns of consumers across the world. Frozen food, when compared with fresh foods, is perceived to be more nutritious, as the ingredients in the food are frozen. For instance, frozen broccoli has high levels of lutein and vitamin C compared with fresh broccoli. Similarly, frozen carrots and blueberries have more vitamin C and lutein content compared with its fresh form. The global frozen food market is expected to reach around $290 billion by 2021 and growth rate is expected to be in the range of 4% to 6%. Storage of frozen foods such as vegetables, fruits, meat, and pre-cooked meals needs to be done at required temperatures. Most of the products get damaged or decayed due to inefficient handling during storage and transportation.

Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies. Key vendors operating in Perishable Goods Transportation market space are  C.H. Robinson, Ingersoll-Rand, Maersk Line, Swift Transportation, Africa Express Line and many more.

Geographic Segmentation: – APAC, Europe, North America, ROW

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Intent of this research –

• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the flooring market

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