Market Overview:
The global refrigerator truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for refrigerated trucks for transportation of perishable goods across different regions. In addition, the growing trend of online grocery shopping is also contributing to the growth of this market. The global refrigerator truck market can be segmented on the basis of type and application. On the basis of type, it can be divided into single temperature type and multi-temperature type. The single temperature type segment dominates this market owing to its low cost and easy maintenance as compared to multi-temperature types. On the basis of application, it can be classified into meat & sea food, fruits & vegetables, dairy products and others (including bakery items, ice cream etc.).
Product Definition:
A refrigerator truck is a commercial vehicle used to transport perishable items, such as food and flowers. The importance of refrigerator trucks is that they maintain the temperature of the items inside, preventing them from spoiling.
Single Temperature Type:
Single temperature type is a Refrigeration system that has one set of controls to regulate the temperature of the entire unit. It's major advantage is that it can be used in any refrigeration truck and does not require additional equipment or costly expansion valves. The single temperature control also eliminates the need for installing an expensive Expansion valve, which reduces cost and increases profit margins for refrigerator manufacturers.
Multi-Temperature Type:
Multi-temperature type refrigerators are used in refrigerator trucks to provide cooling and freezing facilities at different temperatures. These refrigerators can be adjusted as per the requirement using a control board which has multiple temperature settings. The multi-temperature type is more efficient than single temperature type as it can maintain the setpoint of the Refrigerator Using Thermostat (RUT) even if one or more of its components fail.
Application Insights:
The others application segment includes beverages, dairy products, and pharmaceuticals. The demand for the refrigerated trucks for these applications is expected to witness growth owing to the increasing need for chilled and frozen goods across various industries including food & beverage, healthcare, pharmaceuticals and maritime among others.
Meat & sea food was the largest revenue-generating segment in 2017 owing to high product demand from processing plants along with retail markets such as supermarkets and hypermarkets which offer a wide range of fresh meat products every day. Moreover, rising consumer preference towards processed meats including bacon strips has increased product consumption over the past few years. This trend is projected to continue over the forecast period thereby driving market growth during this period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing demand for food delivery services and perishable food products, such as fresh fruits and vegetables, meat, seafood, and dairy products. Moreover, technological advancements in temperature-controlled transportation of perishable foods are anticipated to fuel the regional market growth over the forecast period.
Asia Pacific is projected to witness significant growth during the forecast years owing to rising disposable income among consumers coupled with rapid urbanization in developing countries such as India and China. These factors are likely contribute significantly toward increased sales volume of refrigerated trucks across this region during the estimated time frame; however; remain restrained when compared with other regions due comparison with developed economies within Asia Pacific itself which has a mature truck industry base (Japan).
Growth Factors:
- Increasing demand for perishable goods and food items: The global population is growing at a fast pace and with it the demand for fresh and perishable food items is also increasing. This is driving the refrigerated truck market as these trucks are essential for transporting perishables over long distances.
- Rising disposable income in developing countries: A large section of the population in developing countries is now able to afford refrigerated trucks due to rising disposable incomes. This is fuelling growth in the refrigerated truck market in these regions.
- Proliferation of supermarkets and cold chains: Supermarkets and cold chains are mushrooming all over the world, especially in developing countries, providing a major boost to the refrigerated truck market as these establishments require such trucks for their operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigerator Truck Market Research Report
By Type
Single Temperature Type, Multi-Temperature Type
By Application
Meat & Sea Food, Fruits & Vegetables, Dairy, Others
By Companies
Thermo King, Carrier Transicold, MHI, Zanotti, Kingtec, Hubbard, Tata Motors
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Refrigerator Truck Market Report Segments:
The global Refrigerator Truck market is segmented on the basis of:
Types
Single Temperature Type, Multi-Temperature Type
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
Meat & Sea Food, Fruits & Vegetables, Dairy, Others
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
- MHI
- Zanotti
- Kingtec
- Hubbard
- Tata Motors
Highlights of The Refrigerator Truck 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:
- Single Temperature Type
- Multi-Temperature Type
- By Application:
- Meat & Sea Food
- Fruits & Vegetables
- Dairy
- Others
- 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 Refrigerator Truck 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A refrigerator truck is a large, refrigerated vehicle used to transport perishable food items. These trucks are typically equipped with a cold room and freezer that can hold large quantities of food.
Some of the major companies in the refrigerator truck market are Thermo King, Carrier Transicold, MHI, Zanotti, Kingtec, Hubbard, Tata Motors.
The refrigerator truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refrigerator Truck 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 Refrigerator Truck Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Refrigerator Truck 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 Refrigerator Truck 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 Refrigerator Truck Market Size & Forecast, 2018-2028 4.5.1 Refrigerator Truck Market Size and Y-o-Y Growth 4.5.2 Refrigerator Truck Market Absolute $ Opportunity
Chapter 5 Global Refrigerator Truck 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 Refrigerator Truck Market Size Forecast by Type
5.2.1 Single Temperature Type
5.2.2 Multi-Temperature Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refrigerator Truck 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 Refrigerator Truck Market Size Forecast by Applications
6.2.1 Meat & Sea Food
6.2.2 Fruits & Vegetables
6.2.3 Dairy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigerator Truck 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 Refrigerator Truck 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 Refrigerator Truck Analysis and Forecast
9.1 Introduction
9.2 North America Refrigerator Truck 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 Refrigerator Truck Market Size Forecast by Type
9.6.1 Single Temperature Type
9.6.2 Multi-Temperature Type
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 Refrigerator Truck Market Size Forecast by Applications
9.10.1 Meat & Sea Food
9.10.2 Fruits & Vegetables
9.10.3 Dairy
9.10.4 Others
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 Refrigerator Truck Analysis and Forecast
10.1 Introduction
10.2 Europe Refrigerator Truck 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 Refrigerator Truck Market Size Forecast by Type
10.6.1 Single Temperature Type
10.6.2 Multi-Temperature Type
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 Refrigerator Truck Market Size Forecast by Applications
10.10.1 Meat & Sea Food
10.10.2 Fruits & Vegetables
10.10.3 Dairy
10.10.4 Others
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 Refrigerator Truck Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refrigerator Truck 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 Refrigerator Truck Market Size Forecast by Type
11.6.1 Single Temperature Type
11.6.2 Multi-Temperature Type
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 Refrigerator Truck Market Size Forecast by Applications
11.10.1 Meat & Sea Food
11.10.2 Fruits & Vegetables
11.10.3 Dairy
11.10.4 Others
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 Refrigerator Truck Analysis and Forecast
12.1 Introduction
12.2 Latin America Refrigerator Truck 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 Refrigerator Truck Market Size Forecast by Type
12.6.1 Single Temperature Type
12.6.2 Multi-Temperature Type
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 Refrigerator Truck Market Size Forecast by Applications
12.10.1 Meat & Sea Food
12.10.2 Fruits & Vegetables
12.10.3 Dairy
12.10.4 Others
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) Refrigerator Truck Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refrigerator Truck 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) Refrigerator Truck Market Size Forecast by Type
13.6.1 Single Temperature Type
13.6.2 Multi-Temperature Type
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) Refrigerator Truck Market Size Forecast by Applications
13.10.1 Meat & Sea Food
13.10.2 Fruits & Vegetables
13.10.3 Dairy
13.10.4 Others
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 Refrigerator Truck Market: Competitive Dashboard
14.2 Global Refrigerator Truck 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 MHI
14.3.4 Zanotti
14.3.5 Kingtec
14.3.6 Hubbard
14.3.7 Tata Motors