[Research Report] The truck refrigeration market was valued at US$ 9,100.1 million in 2019 and it is projected to reach US$ 13,336.1 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027.
Truck refrigeration is mainly utilized in delivering frozen and perishable foods and vegetables within and outside the city. These trucks assist in maintaining the safety and freshness of food items during transportation so the increase in the consumption of chilled, frozen, and perishable food products will drive the truck refrigeration market. Moreover, with rising disposable income, the consumption of convenience food increases along with a rise in number of restaurants and supermarkets, are positively creating a demand for refrigerated trucks. A need to transport different types of food items with varying temperature requirement at a single time is another factor propelling the growth of the refrigerated truck. Additionally there is a significant demand for refrigerated trucks in pharmaceutical industry for supplying pharma products to their destination. These trucks undergo through routine inspections to ensure that these are in suitable condition to keep drugs and other pharma products at suitable temperature. Therefore, surging demand for transportation of temperature specific medicine, vaccines, frozen food items, and other products in pharmaceutical and food & beverages industries is propelling the growth in demand for refrigerated trucks which in turn is generating demands for truck refrigeration units among the truck manufacturers.
Impact of COVID-19 Pandemic on Truck Refrigeration Market
The sudden outbreak of the COVID-19 pandemic negatively affects the truck refrigeration market. The manufacturing of truck refrigerators generates higher volumes of orders from the trailer and medium & heavy commercial vehicle manufacturers due to the rise in demand for refrigerated trucks and trailers to deliver the finished products from the production centers to the warehouses and distribution centers. The imposition of lockdown and movement of vehicles, especially pickup vans and LCVs by various governments in order to reduce vehicle congestion on the road, has resulted in a rise in demand for MCVs, HCVs, and trailers. However, the lockdown has led the manufacturers to operate with a limited workforce, owing to which the truck refrigeration market players across the globe have witnessed severity in delivering the desired quantity on time. This factor has been analyzed while estimating the market size of truck refrigeration market in 2020.
Lucrative Regions in Truck Refrigeration Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Market Insights–Truck Refrigeration Market
Growing Demand for Frozen and Perishable Food Items
Increase in the consumption of chilled, frozen, and perishable food products drives the demand for refrigerated trucks across the world. A change in lifestyle and eating habits, as well as busy schedule of masses are resulting in more need for packed, chilled, and frozen food items. A need to transport different types of food items with varying temperature requirement at a single time is another factor propelling the growth of the refrigerated truck. These trucks assist in maintaining the safety and freshness of food items during transportation. The trucks are equipped with refrigeration systems that maintain the temperature to keep the food fresh and safe. These trucks play a vital role in delivering fresh food & beverages from the production units to the warehouses and distribution centers. Moreover, with rising disposable income, the consumption of convenience food increases along with a rise in number of restaurants and supermarkets, are positively creating a demand for refrigerated trucks.
Industry Vertical Based Insights
Based on type, the truck refrigeration market is segmented into food & beverages, pharmaceuticals and chemicals, and others. The food and beverages segment held a larger market share in 2019.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Truck Refrigeration Market: Strategic Insights
Market Size Value in US$ 9,100.1 Million in 2019 Market Size Value by US$ 13,336.1 Million by 2027 Growth rate CAGR of 5.0% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Truck Refrigeration Market: Strategic Insights
| Market Size Value in | US$ 9,100.1 Million in 2019 |
| Market Size Value by | US$ 13,336.1 Million by 2027 |
| Growth rate | CAGR of 5.0% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Players operating in the truck refrigeration market are mainly focused on the development of advanced and efficient products.
- In 2020, Carrier Transicold launched three new refrigeration units in the UK and Ireland. The new units include PIEK-compliant Vector HE 19, Xarios 8 refrigeration system, and Neos HE 100 S for light commercial vehicles.
- In 2020, Daikin announced plans to set-up a third manufacturing unit in India. With the Indian markets, the new plant is expected to ply for African markets also.
The truck refrigeration market has been segmented as follows:
Truck Refrigeration Market – by Type
- Split Systems
- Roof Mounted Systems
Truck Refrigeration Market – by Application
- Frozen
- Chilled
Truck Refrigeration Market – by Industry Vertical
- Food & Beverage
- Pharmaceutical & Chemical
- Others
Truck Refrigeration Market – by Vehicle Type
- Trailers
- Medium & Heavy Commercial Vehicles
Truck Refrigeration Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of SAM
Truck Refrigeration Market – Company Profiles
- Carrier Global Corporation
- Daikin Industries, Ltd.
- Denso Corporation
- Klinge Corporation
- Mitsubishi Heavy Industries, Ltd.
- SCHMITZ CARGOBULL
- Subros Limited
- Songz Automobile Air Conditioning Co., Ltd.
- Thermo King (Trane Technologies)
- Webasto Thermo & Comfort
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application ; Industry Vertical ; Vehicle Type (Trailers and Medium & Heavy Commercial Vehicles
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The APAC region led the truck refrigeration market in 2019 due to many truck refrigeration unit manufacturers present in the region and growing demand for temperature-controlled transport from the F&B and pharmaceuticals industry. Daikin, Denso Corporation, Mitsubishi Heavy Industries, Subros Limited, Songz Automobile Air Conditioning Co., Ltd, PT. HwasungThermoindo, Topre Corporation, and DONGIN THERMO CO., LTD are some other players in the truck refrigeration market catering to Asian economies.
An increase in the consumption of chilled, frozen, and perishable food products drives refrigerated trucks' demand across the world. A change in lifestyle and eating habits and busy schedule of masses are resulting in more need for packed, chilled, and frozen food items. Moreover, with rising disposable income, the consumption of convenience food increases along with a rise in the number of restaurants and supermarkets and positively creates a demand for refrigerated trucks. A need to transport different types of food items with varying temperature requirement at a single time is another factor propelling the growth of the refrigerated truck.
The food & beverage segment led the truck refrigeration market. The rising demand for temperature-sensitive and fresh food products such as vegetables and fruits propels the refrigerated trucks market. Additionally, the rise in the online delivery of chilled and frozen products generates growth opportunities for the truck refrigeration market. The increasing importance of organic foods in countries such as Germany, the U.S., and the U.K. owing to the strict restrictions on the incorporation of synthetic ingredients in the food products is anticipated to encourage the refrigerated scope trucks in the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Truck Refrigeration Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
5. Truck Refrigeration Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Frozen and Perishable Food Items
5.1.2 Rise in the Supply of Pharma Products
5.2 Market Restraints
5.2.1 Rising Number of Technical Faults
5.3 Market Opportunities
5.3.1 Continuously Improving Logistics Sector
5.4 Future Trends
5.4.1 Electrifying Refrigeration Units
5.5 Impact Analysis of Drivers and Restraints
6. Truck Refrigeration – Global Market Analysis
6.1 Truck Refrigeration Market Global Overview
6.2 Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Truck Refrigeration Market Analysis – By Type
7.1 Overview
7.2 Truck Refrigeration Market, By Type (2019 and 2027)
7.3 Split Systems
7.3.1 Overview
7.3.2 Split Systems: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Roof Mounted Systems
7.4.1 Overview
7.4.2 Roof Mounted Systems: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
8. Truck Refrigeration Market Analysis– By Application
8.1 Overview
8.2 Truck Refrigeration Market, by Application (2019 and 2027)
8.3 Frozen
8.3.1 Overview
8.3.2 Frozen: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Chilled
8.4.1 Overview
8.4.2 Chilled: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
9. Truck Refrigeration Market Analysis – By Industry Vertical
9.1 Overview
9.2 Truck Refrigeration Market, By Industry Vertical (2019 and 2027)
9.3 Food & Beverage
9.3.1 Overview
9.3.2 Food & Beverage: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Pharmaceutical & Chemical
9.4.1 Overview
9.4.2 Pharmaceutical & Chemical: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Ambulance
9.5.1 Overview
9.5.2 Ambulance: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
10. Truck Refrigeration Market Analysis – By Vehicle Type
10.1 Overview
10.2 Truck Refrigeration Market, By Vehicle Type (2019 and 2027)
10.3 Trailers
10.3.1 Overview
10.3.2 Trailers: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Medium & Heavy Commercial Vehicle
10.4.1 Overview
10.4.2 Medium & Heavy Commercial Vehicle: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11. Truck Refrigeration Market – Geographic Analysis
11.1 Overview
11.2 North America: Truck Refrigeration Market
11.2.1 North America: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.2.2 North America: Truck Refrigeration Market, by Type
11.2.3 North America: Truck Refrigeration Market, by Application
11.2.4 North America: Truck Refrigeration Market, by Industry Vertical
11.2.5 North America: Truck Refrigeration Market, by Vehicle Type
11.2.6 North America: Truck Refrigeration Market, by Key Country
11.2.6.1 US: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.1.1 US: Truck Refrigeration Market, by Type
11.2.6.1.2 US: Truck Refrigeration Market, by Application
11.2.6.1.3 US: Truck Refrigeration Market, by Industry Vertical
11.2.6.1.4 US: Truck Refrigeration Market, by Vehicle Type
11.2.6.2 Canada: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.2.1 Canada: Truck Refrigeration Market, by Type
11.2.6.2.2 Canada: Truck Refrigeration Market, by Application
11.2.6.2.3 Canada: Truck Refrigeration Market, by Industry Vertical
11.2.6.2.4 Canada: Truck Refrigeration Market, by Vehicle Type
11.2.6.3 Mexico: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.2.6.3.1 Mexico: Truck Refrigeration Market, by Type
11.2.6.3.2 Mexico: Truck Refrigeration Market, by Application
11.2.6.3.3 Mexico: Truck Refrigeration Market, by Industry Vertical
11.2.6.3.4 Mexico: Truck Refrigeration Market, by Vehicle Type
11.3 Europe: Truck Refrigeration Market
11.3.1 Europe: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.3.2 Europe: Truck Refrigeration Market, By Type
11.3.3 Europe: Truck Refrigeration Market, By Application
11.3.4 Europe: Truck Refrigeration Market, By Industry Vertical
11.3.5 Europe: Truck Refrigeration Market, By Vehicle Type
11.3.6 Europe: Truck Refrigeration Market, By Country
11.3.6.1 Germany: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.1.1 Germany: Truck Refrigeration Market, by Type
11.3.6.1.2 Germany: Truck Refrigeration Market, by Application
11.3.6.1.3 Germany: Truck Refrigeration Market, by Industry Vertical
11.3.6.1.4 Germany: Truck Refrigeration Market, by Vehicle Type
11.3.6.2 France: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.2.1 France: Truck Refrigeration Market, by Type
11.3.6.2.2 France: Truck Refrigeration Market, by Application
11.3.6.2.3 France: Truck Refrigeration Market, by Industry Vertical
11.3.6.2.4 France: Truck Refrigeration Market, by Vehicle Type
11.3.6.3 Russia: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.3.1 Russia: Truck Refrigeration Market, by Type
11.3.6.3.2 Russia: Truck Refrigeration Market, by Application
11.3.6.3.3 Russia: Truck Refrigeration Market, by Industry Vertical
11.3.6.3.4 Russia: Truck Refrigeration Market, by Vehicle Type
11.3.6.4 UK: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.4.1 UK: Truck Refrigeration Market, by Type
11.3.6.4.2 UK: Truck Refrigeration Market, by Application
11.3.6.4.3 UK: Truck Refrigeration Market, by Industry Vertical
11.3.6.4.4 UK: Truck Refrigeration Market, by Vehicle Type
11.3.6.5 Spain: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.5.1 Spain: Truck Refrigeration Market, by Type
11.3.6.5.2 Spain: Truck Refrigeration Market, by Application
11.3.6.5.3 Spain: Truck Refrigeration Market, by Industry Vertical
11.3.6.5.4 Spain: Truck Refrigeration Market, by Vehicle Type
11.3.6.6 Rest of Europe: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.6.1 Rest of Europe: Truck Refrigeration Market, by Type
11.3.6.6.2 Rest of Europe: Truck Refrigeration Market, by Application
11.3.6.6.3 Rest of Europe: Truck Refrigeration Market, by Industry Vertical
11.3.6.6.4 Rest of Europe: Truck Refrigeration Market, by Vehicle Type
11.4 APAC: Truck Refrigeration Market
11.4.1 APAC: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.4.2 APAC: Truck Refrigeration Market, By Type
11.4.3 APAC: Truck Refrigeration Market, By Application
11.4.4 APAC: Truck Refrigeration Market, By Industry
11.4.5 APAC: Truck Refrigeration Market, By Vehicle Type
11.4.6 APAC: Truck Refrigeration Market, By Country
11.4.6.1 Australia: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.1.1 Australia: Truck Refrigeration Market, by Type
11.4.6.1.2 Australia: Truck Refrigeration Market, by Application
11.4.6.1.3 Australia: Truck Refrigeration Market, by Industry Vertical
11.4.6.1.4 Australia: Truck Refrigeration Market, by Vehicle Type
11.4.6.2 China: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.2.1 China: Truck Refrigeration Market, by Type
11.4.6.2.2 China: Truck Refrigeration Market, by Application
11.4.6.2.3 China: Truck Refrigeration Market, by Industry Vertical
11.4.6.2.4 China: Truck Refrigeration Market, by Vehicle Type
11.4.6.3 India: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.3.1 India: Truck Refrigeration Market, by Type
11.4.6.3.2 India: Truck Refrigeration Market, by Application
11.4.6.3.3 India: Truck Refrigeration Market, by Industry Vertical
11.4.6.3.4 India: Truck Refrigeration Market, by Vehicle Type
11.4.6.4 Japan: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.4.1 Japan: Truck Refrigeration Market, by Type
11.4.6.4.2 Japan: Truck Refrigeration Market, by Application
11.4.6.4.3 Japan: Truck Refrigeration Market, by Industry Vertical
11.4.6.4.4 Japan: Truck Refrigeration Market, by Vehicle Type
11.4.6.5 South Korea: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.5.1 South Korea: Truck Refrigeration Market, by Type
11.4.6.5.2 South Korea: Truck Refrigeration Market, by Application
11.4.6.5.3 South Korea: Truck Refrigeration Market, by Industry Vertical
11.4.6.5.4 South Korea: Truck Refrigeration Market, by Vehicle Type
11.4.6.6 Rest of APAC: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.4.6.6.1 Rest of APAC: Truck Refrigeration Market, by Type
11.4.6.6.2 Rest of APAC: Truck Refrigeration Market, by Application
11.4.6.6.3 Rest of APAC: Truck Refrigeration Market, by Industry Vertical
11.4.6.6.4 Rest of APAC: Truck Refrigeration Market, by Vehicle Type
11.5 MEA: Truck Refrigeration Market
11.5.1 MEA: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.5.2 MEA: Truck Refrigeration Market, by Type
11.5.3 MEA: Truck Refrigeration Market, by Application
11.5.4 MEA: Truck Refrigeration Market, by Industry Vertical
11.5.5 MEA: Truck Refrigeration Market, by Vehicle Type
11.5.6 MEA: Truck Refrigeration Market, by Key Country
11.5.6.1 South Africa: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.1.1 South Africa: Truck Refrigeration Market, by Type
11.5.6.1.2 South Africa: Truck Refrigeration Market, by Application
11.5.6.1.3 South Africa: Truck Refrigeration Market, by Industry Vertical
11.5.6.1.4 South Africa: Truck Refrigeration Market, by Vehicle Type
11.5.6.2 Saudi Arabia: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.2.1 Saudi Arabia: Truck Refrigeration Market, by Type
11.5.6.2.2 Saudi Arabia: Truck Refrigeration Market, by Application
11.5.6.2.3 Saudi Arabia: Truck Refrigeration Market, by Industry Vertical
11.5.6.2.4 Saudi Arabia: Truck Refrigeration Market, by Vehicle Type
11.5.6.3 UAE: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.3.1 UAE: Truck Refrigeration Market, by Type
11.5.6.3.2 UAE: Truck Refrigeration Market, by Application
11.5.6.3.3 UAE: Truck Refrigeration Market, by Industry Vertical
11.5.6.3.4 UAE: Truck Refrigeration Market, by Vehicle Type
11.5.6.4 Rest of MEA: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.4.1 Rest of MEA: Truck Refrigeration Market, by Type
11.5.6.4.2 Rest of MEA: Truck Refrigeration Market, by Application
11.5.6.4.3 Rest of MEA: Truck Refrigeration Market, by Industry Vertical
11.5.6.4.4 UAE: Truck Refrigeration Market, by Vehicle Type
11.6 SAM: Truck Refrigeration Market
11.6.1 SAM: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.6.2 SAM: Truck Refrigeration Market, by Type
11.6.3 SAM: Truck Refrigeration Market, by Application
11.6.4 SAM: Truck Refrigeration Market, by Industry Vertical
11.6.5 SAM: Truck Refrigeration Market, by Vehicle Type
11.6.6 SAM: Truck Refrigeration Market, by Key Country
11.6.6.1 Brazil: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.1.1 Brazil: Truck Refrigeration Market, by Type
11.6.6.1.2 Brazil: Truck Refrigeration Market, by Application
11.6.6.1.3 Brazil: Truck Refrigeration Market, by Industry Vertical
11.6.6.1.4 Brazil: Truck Refrigeration Market, by Vehicle Type
11.6.6.2 Argentina: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.2.1 Argentina: Truck Refrigeration Market, by Type
11.6.6.2.2 Argentina: Truck Refrigeration Market, by Application
11.6.6.2.3 Argentina: Truck Refrigeration Market, by Industry Vertical
11.6.6.2.4 Argentina: Truck Refrigeration Market, by Vehicle Type
11.6.6.3 Rest of SAM: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
11.6.6.3.1 Rest of SAM: Truck Refrigeration Market, by Type
11.6.6.3.2 Rest of SAM: Truck Refrigeration Market, by Application
11.6.6.3.3 Rest of SAM: Truck Refrigeration Market, by Industry Vertical
11.6.6.3.4 Rest of SAM: Truck Refrigeration Market, by Vehicle Type
12. Impact of COVID-19 Outbreak
12.1 Impact of COVID-19 Pandemic on Global Truck Refrigeration Market
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
12.1.2 Europe: Impact Assessment of COVID-19 Pandemic
12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.1.5 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.2 New Development
14. Company Profiles
14.1 MITSUBISHI HEAVY INDUSTRIES, LTD
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Carrier Global Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Webasto Thermo & Comfort
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Denso Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 DAIKIN INDUSTRIES, Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Thermo King (Trane Technologies)
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Songz Automobile Air Conditioning Co., Ltd
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Subros Limited
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Schmitz Cargobull AG
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Klinge Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Truck Refrigeration Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Truck Refrigeration Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Truck Refrigeration Market, by Industry Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Truck Refrigeration Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. Mexico: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Mexico: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Mexico: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Europe Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Europe Truck Refrigeration Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 20. Europe Truck Refrigeration Market, By Industry Vertical Vertical– Revenue and Forecast to 2027 (US$ Million)
Table 21. Europe Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 22. Germany Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 23. Germany Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 24. Germany Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 25. Germany Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 26. France Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 27. France Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 28. France Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 29. France Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 30. Russia Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 32. Russia Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 33. Russia Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 34. UK Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 35. UK Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 36. UK Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 37. UK Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 38. Spain Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. Spain Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 40. Spain Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 41. Spain Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 42. Rest of Europe Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 43. Rest of Europe Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 44. Rest of Europe Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 45. Rest of Europe Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 46. APAC: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 47. APAC: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 48. APAC: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 49. APAC: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 50. Australia: Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 51. Australia: Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 52. Australia: Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 53. Australia: Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 54. China: Truck Refrigeration Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 55. China: Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 56. China: Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 57. China: Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 58. India: Truck Refrigeration Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 59. India: Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 60. India: Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 61. India: Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 62. Japan: Truck Refrigeration Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 63. Japan: Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 64. Japan: Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 65. Japan: Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 66. South Korea: Truck Refrigeration Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 67. South Korea: Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 68. South Korea: Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 69. South Korea: Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 70. Rest of APAC: Truck Refrigeration Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 71. Rest of APAC: Truck Refrigeration Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 72. Rest of APAC: Truck Refrigeration Market, By Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 73. Rest of APAC: Truck Refrigeration Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 74. MEA: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 75. MEA: Truck Refrigeration Market Revenue Share, by Application (2019 and 2027)
Table 76. MEA: Truck Refrigeration Market, by Industry Vertical– Revenue and Forecast to 2027 (US$ Million)
Table 77. MEA: Truck Refrigeration Market, by Vehicle Type– Revenue and Forecast to 2027 (US$ Million)
Table 78. South Africa: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 79. South Africa: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 80. South Africa: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 81. South Africa: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 82. Saudi Arabia: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 83. Saudi Arabia: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 84. Saudi Arabia: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 85. Saudi Arabia: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 86. UAE: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 87. UAE: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 88. UAE: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 89. UAE: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 90. Rest of MEA: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 91. Rest of MEA: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 92. Rest of MEA: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 93. UAE: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 94. SAM: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 95. SAM: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 96. SAM: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 97. SAM: Truck Refrigeration Market, by Vehicle Type– Revenue and Forecast to 2027 (US$ Million)
Table 98. Brazil: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 99. Brazil: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 100. Brazil: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 101. Brazil: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 102. Argentina: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 103. Argentina: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 104. Argentina: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 105. Argentina: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 106. Rest of SAM: Truck Refrigeration Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 107. Rest of SAM: Truck Refrigeration Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 108. Rest of SAM: Truck Refrigeration Market, by Industry Vertical – Revenue and Forecast to 2027 (US$ Million)
Table 109. Rest of SAM: Truck Refrigeration Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 110. List of Abbreviation
LIST OF FIGURES
Figure 1. Truck Refrigeration Market Segmentation
Figure 2. Truck Refrigeration Market Segmentation – By Geography
Figure 3. Global Truck Refrigeration Market Overview
Figure 4. Truck Refrigeration Market, by Geography
Figure 5. Truck Refrigeration Market, By Type
Figure 6. Truck Refrigeration Market, By Application
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Ecosystem Analysis
Figure 13. Truck Refrigeration Market Impact Analysis of Drivers and Restraint
Figure 14. Geographic Overview of Truck Refrigeration Market
Figure 15. Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Truck Refrigeration Market Revenue Share, by Type (2019 and 2027)
Figure 17. Split Systems: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Roof Mounted Systems: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Truck Refrigeration Market Revenue Share, by Application (2019 and 2027)
Figure 20. Frozen: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Chilled: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Truck Refrigeration Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 23. Food & Beverage: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Pharmaceutical & Chemical: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Ambulance: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Truck Refrigeration Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 27. Trailers: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Medium & Heavy Commercial Vehicle: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Global Truck Refrigeration Market Revenue Share, by Region (2019 and 2027)
Figure 30. North America: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. North America: Truck Refrigeration Market Revenue Share, by Type (2019 and 2027)
Figure 32. North America: Truck Refrigeration Market Revenue Share, by Application (2019 and 2027)
Figure 33. North America: Truck Refrigeration Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 34. North America: Truck Refrigeration Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 35. North America: Truck Refrigeration Market Revenue Share, by Key Country (2019 and 2027)
Figure 36. US: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Canada: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Mexico: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. Europe: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Europe: Truck Refrigeration Market Revenue Share, By Type (2019 and 2027)
Figure 41. Europe: Truck Refrigeration Market Revenue Share, By Application (2019 and 2027)
Figure 42. Europe: Truck Refrigeration Market Revenue Share, By Industry Vertical (2019 and 2027)
Figure 43. Europe: Truck Refrigeration Market Revenue Share, By Vehicle Type (2019 and 2027)
Figure 44. Europe: Truck Refrigeration Market Revenue Share, By Country (2019 and 2027)
Figure 45. Germany: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. France: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. Russia: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. UK: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. Spain: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. Rest of Europe: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. APAC: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. APAC: Truck Refrigeration Market Revenue Share, By Type (2019 and 2027)
Figure 53. APAC: Truck Refrigeration Market Revenue Share, By Application (2019 and 2027)
Figure 54. APAC: Truck Refrigeration Market Revenue Share, By Industry (2019 and 2027)
Figure 55. APAC: Truck Refrigeration Market Revenue Share, By Vehicle Type (2019 and 2027)
Figure 56. APAC: Truck Refrigeration Market Revenue Share, By Country (2019 and 2027)
Figure 57. Australia: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. China: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. India: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. Japan: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. South Korea: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. Rest of APAC: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. MEA: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. MEA: Truck Refrigeration Market Revenue Share, by Type (2019 and 2027)
Figure 65. MEA: Truck Refrigeration Market Revenue Share, by Type (2019 and 2027)
Figure 66. MEA: Truck Refrigeration Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 67. MEA: Truck Refrigeration Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 68. MEA: Truck Refrigeration Market Revenue Share, by Key Country (2019 and 2027)
Figure 69. South Africa: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. Saudi Arabia: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 71. UAE: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. Rest of MEA: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. SAM: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. SAM: Truck Refrigeration Market Revenue Share, by Type (2019 and 2027)
Figure 75. SAM: Truck Refrigeration Market Revenue Share, by Application (2019 and 2027)
Figure 76. SAM: Truck Refrigeration Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 77. SAM: Truck Refrigeration Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 78. SAM: Truck Refrigeration Market Revenue Share, by Key Country (2019 and 2027)
Figure 79. Brazil: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 80. Argentina: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 81. Rest of SAM: Truck Refrigeration Market – Revenue and Forecast to 2027 (US$ Million)
Figure 82. Impact of COVID-19 Pandemic in North American Country Markets
Figure 83. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 84. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 85. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 86. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Truck Refrigeration Market
- Mitsubishi Heavy Industries, Ltd
- Carrier Global Corporation
- WebastoThermo& Comfort
- Denso Corporation
- DAIKIN INDUSTRIES, Ltd
- Thermo King (Trane Technologies)
- Songz Automobile Air Conditioning Co.,Ltd
- Subros Limited
- Schmitz Cargobull AG
- Klinge Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone 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: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Truck Refrigeration Market
Aug 2020
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Aug 2020
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Aug 2020
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Aug 2020
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Aug 2020
3D Surveillance Camera Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Dome Camera, Bullet Camera, PTZ Camera, and Others), Technology (Stereoscopic Imaging, Time of Flight, and Structured Light Imaging), and Application (People Tracking, Object or Scene Detection, Monitoring Systems, Face Recognition, Robotic Arm Collision Avoidance, and Others), and Geography
Aug 2020
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Aug 2020
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Aug 2020
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)