Refrigerated Vehicle Market by Product Type (Frozen, Chilled), by Application (Insulated container, Refrigerated truck, Refrigerated transport by air, Multimodal temperature container, Atmosphere controlled container) - Overall In-depth Analysis, Global Market Share, Top Trends, Professional & Technical Industry Insights 2024 - 2030

Consumer Goods & Retailing Syndicate Market Research Pages: 130 Report ID: 1390

The global refrigerated vehicle market size was valued at USD XX million in 2023 and is predicted to register a CAGR of XX% from 2024 to 2030.

The report covers the current estimate and forecast for refrigerated vehicle market on a global and regional level. The report provides an in-depth analysis of the refrigerated vehicle market for the period 2018 – 2030, wherein 2023 is the base year and the period from 2024 to 2030 is the forecast period. Data for 2018- 2022 has been included as historical information. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ MN), across different geographies, which includes North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA) and Latin America (LATAM).

The report provides cross-sectional analysis of the refrigerated vehicle market in terms of market estimates and forecasts for all the segments across different geographic regions. The report covers all the prevalent trends and technologies playing a major role in the growth of the refrigerated vehicle market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.

The study offers market attractiveness analysis and the Porter’s Five Forces model analysis to help the client gauge the competitive landscape of major vendors of the global refrigerated vehicle market. This comprehensive study also provides a detailed analysis and overview of each segments included in the study.

In order to give the users of this report, a comprehensive view of the refrigerated vehicle market, we have included a detailed competitive scenario and product portfolio of the key vendors spread across various geographies. The report study also includes PESTEL analysis and SWOT analysis of the industry. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness in terms of investment opportunity and incremental value growth.

Regional Insights

The report segments the market by major types, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2030.

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further divided into countries such as U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Japan, India, China, Brazil, GCC countries, South Africa among others.

Refrigerated Vehicle Market Share Insights

Key industry participants analyzed and profiled in this study includes Carrier Transicold, CMA CGM, GAH Refrigeration, Maersk Line, MSC, Swift Transportation, Continental Air Cargo, Air Canada Cargo, Bay & Bay, Cold Chain Technologies, Culina Group, Agility, FedEx, DB Schenker, Frost Trucking, Biocair, FST Logistics, NYK Line, UPS, Avinex Ukr, Biotec Services among others.

Scope of the Report

Attribute Details
Base year for estimation 2023
Actual estimates/Historical data 2018 - 2022
Forecast period 2024 - 2030
Market representation Revenue in USD Million & CAGR from 2024 to 2030
Regional scope North America, Europe, Asia Pacific, Central & South America & MEA
Country scope U.S., Germany, U.K., Italy, China, Japan, Brazil
Report coverage       Revenue forecast, company share, competitive landscape, growth factors and trends
Free customization scope (equivalent to 5 analyst working days) If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Syndicate Market Research has segmented the global refrigerated vehicle market report on the basis of product type, application, and region:

Global Refrigerated Vehicle Market: Product Type Segment Analysis

  • Frozen
  • Chilled

Global Refrigerated Vehicle Market: Application Segment Analysis

  • Insulated container
  • Refrigerated truck
  • Refrigerated transport by air
  • Multimodal temperature container
  • Atmosphere controlled container

Global Refrigerated Vehicle Market: Regional Segment Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

These players adopted different strategies so as to hold major market share in this market. Some of the major players in Refrigerated Vehicle industry includes.

  • Carrier Transicold
  • CMA CGM
  • GAH Refrigeration
  • Maersk Line
  • MSC
  • Swift Transportation
  • Continental Air Cargo
  • Air Canada Cargo
  • Bay & Bay
  • Cold Chain Technologies
  • Culina Group
  • Agility
  • FedEx
  • DB Schenker
  • Frost Trucking
  • Biocair
  • FST Logistics
  • NYK Line
  • UPS
  • Avinex Ukr
  • Biotec Services

Based on the Refrigerated Vehicle market analysis, North America is predicted to held the highest share in the Refrigerated Vehicle market during the forecast period.

The statistical data of the top market players of Refrigerated Vehicle industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Refrigerated Vehicle industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.

The study offers a decisive view on the Refrigerated Vehicle by segmenting the market based on Product Type, Application, and region.

The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.

The sample for Refrigerated Vehicle market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.

  1. Preface
    1. Report Description and Scope
    2. Research Scope
    3. Research Methodology
      1. Market Research Process
      2. Market Research Methodology
  2. Executive Summary
    1. Refrigerated Vehicle Market, 2018-2030 (USD Million)
    2. Refrigerated Vehicle Market: Snapshot
  3. Refrigerated Vehicle - Industry Analysis
    1. Refrigerated Vehicle: Market Dynamics
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Restraints
      1. Restraint 1
      2. Restraint 2
    4. Opportunity
      1. Government funding and support
    5. Porter’s Five Forces Analysis
    6. Market Attractiveness Analysis
      1. Market attractiveness analysis By Product
      2. Market attractiveness analysis By Application
      3. Market attractiveness analysis by Region
  4. Refrigerated Vehicle Market - Competitive Landscape
    1. Company market share analysis
      1. Global Refrigerated Vehicle Market: company market share, 2019
    2. Strategic development
      1. Acquisitions & mergers
      2. New Product launches
      3. Agreements, partnerships, collaborations and joint ventures
      4. Research and development and Regional expansion
    3. Price trend analysis
  5. Global Refrigerated Vehicle Market -Product Type Analysis
    1. Global Refrigerated Vehicle Market overview: By Product Type
      1. Global Refrigerated Vehicle Market share, By Product Type,2019 and 2026
    2. Frozen
      1. Global Refrigerated Vehicle Market by Frozen, 2018-2030 (USD Million)
    3. Chilled
      1. Global Refrigerated Vehicle Market by Chilled, 2018-2030 (USD Million)
  6. Global Refrigerated Vehicle Market -Application Analysis
    1. Global Refrigerated Vehicle Market overview: By Application
      1. Global Refrigerated Vehicle Market share, By Application,2019 and 2026
    2. Insulated container
      1. Global Refrigerated Vehicle Market by Insulated container, 2018-2030 (USD Million)
    3. Refrigerated truck
      1. Global Refrigerated Vehicle Market by Refrigerated truck, 2018-2030 (USD Million)
    4. Refrigerated transport by air
      1. Global Refrigerated Vehicle Market by Refrigerated transport by air, 2018-2030 (USD Million)
    5. Multimodal temperature container
      1. Global Refrigerated Vehicle Market by Multimodal temperature container, 2018-2030 (USD Million)
    6. Atmosphere controlled container
      1. Global Refrigerated Vehicle Market by Atmosphere controlled container, 2018-2030 (USD Million)
  7. Global Refrigerated Vehicle Market - Regional Analysis
    1. Global Refrigerated Vehicle Market overview: by Region
      1. Global Refrigerated Vehicle Market share, by Region, 2019 and 2026
    2. North America
      1. North America Refrigerated Vehicle Market, 2018-2030 (USD Million)
      1. North America Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      1. North America Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      1. U.S. Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      2. U.S. Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      3. Canada Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      4. Canada Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      5. Mexico Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      6. Mexico Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
    3. Europe
      1. Europe Refrigerated Vehicle Market, 2018-2030 (USD Million)
      1. Europe Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      1. Europe Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      1. UK Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      2. UK Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      3. Germany Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      4. Germany Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      5. France Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      6. France Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      7. Italy Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      8. Italy Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      9. Spain Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      10. Spain Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      11. Netherlands Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      12. Netherlands Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      13. Rest of Europe Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      14. Rest of Europe Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
    4. Asia Pacific
      1. Asia Pacific Refrigerated Vehicle Market, 2018-2030 (USD Million)
      1. Asia Pacific Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      1. Asia Pacific Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      1. China Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      2. China Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      3. Japan Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      4. Japan Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      5. India Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      6. India Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      7. Australia Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      8. Australia Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      9. South East Asia Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      10. South East Asia Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      11. South Korea Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      12. South Korea Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      13. Rest of Asia Pacific Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      14. Rest of Asia Pacific Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
    5. Latin America
      1. Latin America Refrigerated Vehicle Market, 2018-2030 (USD Million)
      1. Latin America Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      1. Latin America Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      1. Brazil Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      2. Brazil Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      3. Argentina Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      4. Argentina Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      5. Chile Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      6. Chile Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      7. Rest of Latin America Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      8. Rest of Latin America Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
    6. Middle East & Africa
      1. Middle East & Africa Refrigerated Vehicle Market, 2018-2030 (USD Million)
      1. Middle East & Africa Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      1. Middle East & Africa Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      1. GCC Countries Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      2. GCC Countries Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      3. Nigeria Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      4. Nigeria Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      5. South Africa Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      6. South Africa Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
      7. Rest of Middle East & Africa Refrigerated Vehicle Market revenue, By Product Type, 2018-2030 (USD Million)
      8. Rest of Middle East & Africa Refrigerated Vehicle Market revenue, By Application, 2018-2030 (USD Million)
  8. Company Profiles
    1. Carrier Transicold
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    2. CMA CGM
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    3. GAH Refrigeration
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    4. Maersk Line
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    5. MSC
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    6. Swift Transportation
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    7. Continental Air Cargo
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    8. Air Canada Cargo
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    9. Bay & Bay
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    10. Cold Chain Technologies
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    11. Culina Group
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    12. Agility
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    13. FedEx
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    14. DB Schenker
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    15. Frost Trucking
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    16. Biocair
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    17. FST Logistics
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    18. NYK Line
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    19. UPS
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    20. Avinex Ukr
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    21. Biotec Services
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments

 

List of Figures

  1. Market research process
  2. Market research methodology
  3. Global Refrigerated Vehicle Market, 2018-2030 (USD Million)
  4. Porter’s Five Forces Analysis
  5. Global Refrigerated Vehicle Market attractiveness, By Product Type
  6. Global Refrigerated Vehicle Market attractiveness, By Application
  7. Global Refrigerated Vehicle market share, By Product Type, 2019 and 2026
  8. Global Refrigerated Vehicle Market by Frozen, 2018-2030 (USD Million)
  9. Global Refrigerated Vehicle Market by Chilled, 2018-2030 (USD Million)
  10. Global Refrigerated Vehicle market share, By Application, 2019 and 2026
  11. Global Refrigerated Vehicle Market by Insulated container, 2018-2030 (USD Million)
  12. Global Refrigerated Vehicle Market by Refrigerated truck, 2018-2030 (USD Million)
  13. Global Refrigerated Vehicle Market by Refrigerated transport by air, 2018-2030 (USD Million)
  14. Global Refrigerated Vehicle Market by Multimodal temperature container, 2018-2030 (USD Million)
  15. Global Refrigerated Vehicle Market by Atmosphere controlled container, 2018-2030 (USD Million)
  16. Global Refrigerated Vehicle Market share, by Region, 2019 and 2026
  17. North America Refrigerated Vehicle Market, 2018-2030 (USD Million)
  18. Europe Refrigerated Vehicle Market, 2018-2030 (USD Million)
  19. Asia Pacific Refrigerated Vehicle Market, 2018-2030 (USD Million)
  20. Latin America Refrigerated Vehicle Market, 2018-2030 (USD Million)
  21. Middle East & Africa Refrigerated Vehicle Market, 2018-2030 (USD Million)

 

List of Tables

  1. Global Refrigerated Vehicle Market: snapshot
  2. Drivers of the Refrigerated Vehicle Market: impact analysis
  3. Restraints of the Refrigerated Vehicle Market: impact analysis
  4. North America Refrigerated Vehicle Market revenue, By Product Type,2018-2030 (USD Million)
  5. North America Refrigerated Vehicle Market revenue, By Application,2018-2030 (USD Million)
  6. Europe Refrigerated Vehicle Market revenue, By Product Type,2018-2030 (USD Million)
  7. Europe Refrigerated Vehicle Market revenue, By Application,2018-2030 (USD Million)
  8. Asia Pacific Refrigerated Vehicle Market revenue, By Product Type,2018-2030 (USD Million)
  9. Asia Pacific Refrigerated Vehicle Market revenue, By Application,2018-2030 (USD Million)
  10. Latin America Refrigerated Vehicle Market revenue, By Product Type,2018-2030 (USD Million)
  11. Latin America Refrigerated Vehicle Market revenue, By Application,2018-2030 (USD Million)
  12. Middle East & Africa Refrigerated Vehicle Market revenue, By Product Type,2018-2030 (USD Million)
  13. Middle East & Africa Refrigerated Vehicle Market revenue, By Application,2018-2030 (USD Million)
  • Carrier Transicold
  • CMA CGM
  • GAH Refrigeration
  • Maersk Line
  • MSC
  • Swift Transportation
  • Continental Air Cargo
  • Air Canada Cargo
  • Bay & Bay
  • Cold Chain Technologies
  • Culina Group
  • Agility
  • FedEx
  • DB Schenker
  • Frost Trucking
  • Biocair
  • FST Logistics
  • NYK Line
  • UPS
  • Avinex Ukr
  • Biotec Services

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.

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