Perishable Goods Transportation Market research is provided on all the vital factors such as consumer needs and trends those will create significant impact on the present and future market situations. Perishable Goods Transportation Market report will help buyer to minimize the decision associated risks and to create results driven business strategies.
The report starts with terms and definitions associated with Perishable Goods Transportation market. It slowly advances towards the past situations and their analysis. This analysis along with current situations provides necessary base to understand how market have evolved and achieved growth.
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Next part of the Perishable Goods Transportation market report focuses on the key vendors operating in this industry categorized based on their focus on regions, product segments, product portfolio, organizational development etc. The report provides such analysis of
- C.H. Robinson
- Maersk Line
- Swift Transportation
- Africa Express Line and many more.
The year-over-year growth pattern is also discussed in depth. Similarly, the report also presents analysis of Perishable Goods Transportation Market Ecosystem, Characteristics, Segmentations by geography as well as by product and applications. Regional comparison between the major regions viz. APAC, Europe, North America, ROW are also explained which point outs the leading countries or regions.
Further report provides attention to the present Perishable Goods Transportation market drivers, challenges, trends, and opportunities along with their impact on the market which are decisive parameters for product and business strategies.
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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.
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.
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 report also includes five forces analysis and SWOT analysis which are effective to analyse the market situations and to know your competitive advantage over other players. It is also well-known tool used to analyze and improve the weakness in your business to achieve both stronger and profitable market position in the Perishable Goods Transportation market.
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Long story short, Perishable Goods Transportation Market report fulfill need of detailed and actionable Perishable Goods Transportation market data on each vital parameter to make informed decisions.