Market Overview:
The global refrigeration units for trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for refrigerated transportation and storage across various industries such as food and beverages, pharmaceuticals, chemicals, plants/flowers, and others. In addition, the growing awareness about food safety and hygiene is also propelling the demand for refrigerated transportation and storage solutions globally. The small-size segment is expected to account for a major share of the global refrigeration units for trucks market during the forecast period owing to its low installation cost as compared to medium-size or large-size segments. However, with technological advancements in terms of energy efficiency and capacity utilization rates, medium-size segments are projected to witness higher growth rates than small-size segments over the next few years.
Product Definition:
Refrigeration Units for Trucks are devices that keep the temperature of a truck’s cargo down to a certain level, in order to preserve the items being transported. They are important because they help maintain food safety and prevent spoilage.
Small-size:
Small-size is the new trend in refrigeration units for trucks market. It's usage is increasing day by day and it will continue to increase in upcoming years. Small-size equipment are used for transportation of goods from one place to another with less or no intermediate storage.
Medium-size:
The global medium-size and it's usage in refrigeration units for trucks market size was valued at USD 1.5 billion in 2016. The increasing demand for light-weight, energy-efficient solutions is expected to drive the industry growth over the forecast period.
Increasing fuel prices across various regions have raised concerns among consumers regarding cost of operation and efficiency of vehicles, which has resulted into shifting preference towards lightweight commercial vehicles with improved fuel economy.
Application Insights:
The food and beverages application segment led the global refrigeration units for trucks market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in demand for fruits, vegetables, dairy products and other cold-chain logistics services across the globe.
The pharmaceuticals/chemicals application segment is also expected to witness significant growth over the next eight years due to an increase in demand from various industries including biotechnology, chemical synthesis and testing laboratories as well as from pharmaceutical companies that require temperature-controlled shipments of chemicals worldwide. Furthermore, stringent government regulations on transportation of hazardous materials are anticipated to further boost product demand during this period.
Regional Analysis:
North America was the largest regional market in 2017 owing to well-established distribution channels of key vendors and their strong presence in the region. The U.S., being one of the most important markets for trucks, is expected to remain a favorable destination for industry participants over the forecast period. Europe also held a significant share in 2017 owing to well-established distribution channels and high purchasing power of consumers there. Trucks are an integral part of business operations across various industries, especially those related to food delivery services and logistics sector; hence, demand from these segments is anticipated to drive growth across this region during the forecast period.
Growth Factors:
- Increasing demand for refrigerated trucks in the global market
- Growing popularity of reefer trailers among transportation companies
- Proliferation of cold chains and food processing industries across the globe
- Rising concerns over food safety and hygiene
- Technological advancements in refrigeration units for trucks
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigeration Units for Trucks Market Research Report
By Type
Small-size, Medium-size
By Application
Food/Beverages, Pharmaceuticals/Chemicals, Plants/Flowers
By Companies
Thermo King, Carrier Transicold, DENSO, Wabash National, Lamberet, MHI, Chereau, Great Dane, Zanotti, Kingtec, FRIGOBLOCK, GAH Refrigeration, Morgan, Sainte Marie, Hubbard
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Refrigeration Units for Trucks Market Report Segments:
The global Refrigeration Units for Trucks market is segmented on the basis of:
Types
Small-size, Medium-size
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food/Beverages, Pharmaceuticals/Chemicals, Plants/Flowers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo King
- Carrier Transicold
- DENSO
- Wabash National
- Lamberet
- MHI
- Chereau
- Great Dane
- Zanotti
- Kingtec
- FRIGOBLOCK
- GAH Refrigeration
- Morgan
- Sainte Marie
- Hubbard
Highlights of The Refrigeration Units for Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small-size
- Medium-size
- By Application:
- Food/Beverages
- Pharmaceuticals/Chemicals
- Plants/Flowers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refrigeration Units for Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refrigeration units for trucks are used to keep food and beverages cold.
Some of the major players in the refrigeration units for trucks market are Thermo King, Carrier Transicold, DENSO, Wabash National, Lamberet, MHI, Chereau, Great Dane, Zanotti, Kingtec, FRIGOBLOCK, GAH Refrigeration, Morgan, Sainte Marie, Hubbard.
The refrigeration units for trucks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refrigeration Units for Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refrigeration Units for Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refrigeration Units for Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refrigeration Units for Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refrigeration Units for Trucks Market Size & Forecast, 2018-2028
4.5.1 Refrigeration Units for Trucks Market Size and Y-o-Y Growth
4.5.2 Refrigeration Units for Trucks Market Absolute $ Opportunity
Chapter 5 Global Refrigeration Units for Trucks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Refrigeration Units for Trucks Market Size Forecast by Type
5.2.1 Small-size
5.2.2 Medium-size
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refrigeration Units for Trucks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Refrigeration Units for Trucks Market Size Forecast by Applications
6.2.1 Food/Beverages
6.2.2 Pharmaceuticals/Chemicals
6.2.3 Plants/Flowers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigeration Units for Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refrigeration Units for Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Refrigeration Units for Trucks Analysis and Forecast
9.1 Introduction
9.2 North America Refrigeration Units for Trucks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Refrigeration Units for Trucks Market Size Forecast by Type
9.6.1 Small-size
9.6.2 Medium-size
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Refrigeration Units for Trucks Market Size Forecast by Applications
9.10.1 Food/Beverages
9.10.2 Pharmaceuticals/Chemicals
9.10.3 Plants/Flowers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Refrigeration Units for Trucks Analysis and Forecast
10.1 Introduction
10.2 Europe Refrigeration Units for Trucks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Refrigeration Units for Trucks Market Size Forecast by Type
10.6.1 Small-size
10.6.2 Medium-size
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Refrigeration Units for Trucks Market Size Forecast by Applications
10.10.1 Food/Beverages
10.10.2 Pharmaceuticals/Chemicals
10.10.3 Plants/Flowers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Refrigeration Units for Trucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refrigeration Units for Trucks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Refrigeration Units for Trucks Market Size Forecast by Type
11.6.1 Small-size
11.6.2 Medium-size
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Refrigeration Units for Trucks Market Size Forecast by Applications
11.10.1 Food/Beverages
11.10.2 Pharmaceuticals/Chemicals
11.10.3 Plants/Flowers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Refrigeration Units for Trucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Refrigeration Units for Trucks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Refrigeration Units for Trucks Market Size Forecast by Type
12.6.1 Small-size
12.6.2 Medium-size
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Refrigeration Units for Trucks Market Size Forecast by Applications
12.10.1 Food/Beverages
12.10.2 Pharmaceuticals/Chemicals
12.10.3 Plants/Flowers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Refrigeration Units for Trucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refrigeration Units for Trucks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Refrigeration Units for Trucks Market Size Forecast by Type
13.6.1 Small-size
13.6.2 Medium-size
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Refrigeration Units for Trucks Market Size Forecast by Applications
13.10.1 Food/Beverages
13.10.2 Pharmaceuticals/Chemicals
13.10.3 Plants/Flowers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refrigeration Units for Trucks Market: Competitive Dashboard
14.2 Global Refrigeration Units for Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo King
14.3.2 Carrier Transicold
14.3.3 DENSO
14.3.4 Wabash National
14.3.5 Lamberet
14.3.6 MHI
14.3.7 Chereau
14.3.8 Great Dane
14.3.9 Zanotti
14.3.10 Kingtec
14.3.11 FRIGOBLOCK
14.3.12 GAH Refrigeration
14.3.13 Morgan
14.3.14 Sainte Marie
14.3.15 Hubbard
