During the 2019-2025 forecast period, the refrigerated transport market is expected to record a CAGR of 5.8%. This growth is attributed to the growing trade of perishable commodities throughout the world as lower tariffs make it easier for perishable goods to move across borders.
Another factor driving this growth is technological advancements in refrigerated systems. Specifically, service providers of refrigerated transport have introduced technological solutions to reduce the environmental impact of such transport. These advancements are expected to make their operations easier, thereby resulting in more efficiency and profits.
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