Truck Refrigeration Market to Grow at a CAGR of 5.0% to reach US$ 13,336.1 million from 2020 to 2027

Truck Refrigeration Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Split Systems and Roof Mounted Systems); Application (Frozen and Chilled); Industry Vertical (Food & Beverage, Pharmaceutical & Chemical, and Others); Vehicle Type (Trailers and Medium & Heavy Commercial Vehicles

Publication Month: Aug 2020 | Report Code: TIPRE00005314 | No. of Pages: 171 | Category: Electronics and Semiconductor | Status: Published
Covid

The truck refrigeration market was valued at US$ 9,100.1 million in 2019 and 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 systems are is gaining high momentum in different industries to deliver products in their original quality, without any damage. With the changing lifestyle and busy routines of individuals, especially in urban areas, the demand for frozen, perishable, and chilled foods is increasing across the world. The suppliers provide refrigerated trucks of with a temperature range from −25°C to +5°C. Thus, reefer trucks are being used to transport products such as icecream, meat, frozen snacks, and dairy products. Cross-culture diversification is another factor creating demand for frozen packed eatables. Thus, the increasing demand for reefer trucks is generating substantial demand for reefer systems, which is supporting the growth of truck refrigeration market.

 

In terms of geography, the truck refrigeration market is broadly segmented into five major regions—North America, Europe, APAC, the MEA, and SAM.Continuously expanding food industry, and the growing use of multi-temperature trucking, solar powered refrigeration units, and freight optimization software are among the prominent factors fueling the growth of truck refrigeration market. APAC dominated the truck refrigeration market in 2019, and it is expected to register the fastest CAGR in the market during the forecast period; the growth of the market in this region is attributed to the continuous adoption of advanced technologies among various industries. Additionally, rising disposable income among individuals is creating the demand for frozen food, which is surging the demand for reefer trucks across Asian countries.

 

Impact of COVID-19 Pandemic on Truck Refrigeration Market

The tremendous spread of COVID-19 has urged governments of various countries across the world to impose strict restrictions on transportation. They have also enforced lockdownswhich led to reduction in production of goods and commodities. The truck refrigeration market players also experienced a slowdown in the production volumes due to the limited availability of workforce in production units. On the contrary, due to the continuity of operational activities of essential goods such as food & beverage, pharmaceuticals, and chemicals for biological or pharmaceutical laboratories, the demand for reefer trucks has spurred.

 

Lucrative Regional Truck Refrigeration Market

Lucrative Regional Truck Refrigeration Market

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Market Insights

Rise in the Supply of Pharma Products

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. The demand for better health and safety has fueled the requirement for seasonal vaccination. Refrigerated trucks play a vital role in the transportation of these vaccines. European regulatory authorities have introduced new rules concerning pharma distribution and recommending refrigerated transport vehicles for up to 80% of medicines and other products. The growing concerns over transporting pharmaceuticals in temperature controlled vehicles and the increase in demand for medicines and other pharmaceutical products is generating substantial demand for reefer trucks, which is thereby catalysing the demand for reefer units. This factor is boosting the truck refrigeration market.

 

Type-Based Insights

The truck refrigeration market, by type, has been segmented into roof mount system and split system. The split segment led the market with a larger share in 2019, and it is expected to continue its dominance during the forecast period. The split systems are easy to install and overhaul, which has increased the demand for the same among the fleet owners and truck manufacturers. This factor has led majority of the suppliers to offer split system.

 

Industry Vertical-Based Insights

Based on industry vertical, the truck refrigeration market is segmented into food & beverages, pharmaceuticals and chemicals, and ambulance. The food & beveragessegment led the market in 2019 with the largest share and is expected to continue its dominance during the forecast period. Also, the market for the food & beveragessegment is expected to grow at the highest CAGR during 2020–2027. The demand for perishable and raw food as well as packaged foods among the global population continue to surge year-on-year. This factor is likely to support the growth of the market for the food & beverages segment during the forecast period.

 

Global Truck Refrigeration Market, by Industry Vertical– 2019 and 2027

Global Truck Refrigeration Market, by Industry Vertical– 2019 and 2027

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Vehicle Type-Based Insights

Based on vehicle type, the truck refrigeration market is segmented into trailers, and medium and heavy commercial vehicles. The trailers segment led the market in 2019 with a larger share and is expected to continue its dominance during the forecast period. Also, the trailer segment is expected to register a higher CAGR during the forecast period. The trailers are capable of carrying high volumes of loads over longer distances. Themanufacturers in the food & beverages, pharmaceuticals, and chemicals industriesneed to transport their finished products to various locations, trailers become the most preferred vehicles for them. Owing to this, majority of the truck refrigeration market players offer their systems to trailer manufacturers.

 

Strategic Insights

Market initiative is a strategy adopted by the companies to expand their footprint across the world and meet the growing demand for their customers. The truck refrigeration unit market players are mainly focusedon the development of advanced and efficient products. Partnerships, contracts, joint ventures, funding, and new office inaugurations across the world permit the companiesto maintain their brand namesin the global marketplace.

 

2020: Daikin announced plans to set-up a third manufacturing unit in India. Along with the Indian market, the new plant is also expected to ply for African markets.

 

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

 

2019: Thermo King introduced hybrid refrigeration systems for trucks and high-loaders,for its Europeancustomers. The new T-Series Hybrid and UT Hybrid refrigeration systems can switch between diesel and electric mode, allowing transporters to operate in inner cities with lesser emissions.

 

Market Segmentation


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 & Chemicals
  • Ambulance


Truck Refrigeration Market – By Vehicle Type

  • Trailers
  • Medium & Heavy Commercial Vehicles


Truck Refrigeration Market by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

 

Companies Profiled in Truck Refrigeration Market are as Follows:

  • Carrier Corporation
  • Daikin
  • Denso
  • Klinge Corporation
  • Mitsubishi Heavy Industries
  • Songz Automobile Air Conditioning Co., Ltd
  • Schmitz Cargobull
  • Subros Limited
  • Thermo King (Trane Technologies)
  • WebastoThermo& Comfort

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

  1. Mitsubishi Heavy Industries, Ltd      
  2. Carrier Global Corporation  
  3. WebastoThermo& Comfort               
  4. Denso Corporation 
  5. DAIKIN INDUSTRIES, Ltd      
  6. Thermo King (Trane Technologies)  
  7. Songz Automobile Air Conditioning Co.,Ltd 
  8. Subros Limited         
  9. Schmitz Cargobull AG            
  10. Klinge Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the globaltruck refrigeration market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the globaltruck refrigerationmarket, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

 

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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.

Pricing