Trusted Cooling Partner - Global Reach and Financial Overview
INDUSTRY OVERVIEW: FUTURE TRENDS
Temperature Controlled Warehouses (TCW)
TCW play an important role in conserving the quality of the product
and decreasing the post-harvest losses
TCW account for 90% of the overall cold-chain industry and are
projected to grow at a compound annual growth rate (CAGR) of 14-
16% over the next five years, driven by proliferation of quick-service
restaurants (QSR), organised retail and rising demand for processed
foods
TCW segment's revenue will be led by multipurpose cold storage and
its share in the total revenue is pegged to rise from 77-79% in 2016-17
to 84-86% by 2020-21
Temperature Controlled Vehicles (TCV)
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TCV are equipped with active refrigeration for temperature controlled
carriage of perishable products
Broadly classified into primary haul vehicles and secondary haul
vehicles
About 60-65 per cent of the refrigerated transport vehicles are
deployed for secondary transportation
Number of refrigerated transport (reefer) vehicles is currently
estimated at about 15,000 units. A National Centre for Cold-chain
Development (NCCD) study, which was released in September 2015,
has indicated a requirement of 62,000 reefer vehicles
Volumes of TCV are expected to grow at a CAGR of 6-7% from 2016-17
to 2021-22 driven primarily by pharmaceuticals and frozen products
which is largely for export markets as well as QSR in domestic markets
* billion
11-13% CAGR
14-16% CAGR
481.00
130.00
231.00
264.00
2011-12E
2016-17E
2017-18P
2021-22P
E: Estimated P: Projected
Source: CRISIL Report, CRISIL Research
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