Market Overview:
The global transport refrigeration equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food and beverages, pharmaceuticals, chemical industry products, plants/flowers, and other items that need to be transported in a temperature-controlled environment. In addition, the growing e-commerce sector is also contributing significantly to the growth of this market. The van refrigeration equipment segment is expected to dominate the global transport refrigeration equipment market during the forecast period owing to its low cost and easy installation as compared with truck and trailer refrigeration equipment segments. However, truck refrigeration equipment segment is projected to grow at a higher CAGR than van refrigerator due its high capacity and ability tow large trailers over long distances without any breakage or damage.
Product Definition:
Transport refrigeration equipment is a type of refrigeration system that is used to keep perishable goods cold during transportation. The equipment uses a refrigerant to cool the cargo area and maintain a constant temperature. This is important for keeping food fresh and preventing spoilage.
Van Refrigeration Equipment:
Van refrigeration equipment is used to transport frozen food products such as fish, meat, vegetables and fruits at their optimum temperature. The growth of the global van refrigeration equipment market can be attributed to factors such as increasing demand for frozen foods across the world and rising disposable income in developing countries.
The Van Refrigeration Equipment market has been witnessing strong growth over the past few years owing to its increased application in transportation refrigeration industry which is further expected to drive its demand over the forecast period.
Truck Refrigeration Equipment:
Truck refrigeration equipment is used to transport frozen food products from manufacturer to the retail stores. It consists of a compressor, condenser, evaporator and an electric motor. The temperature of the transported food should remain below 0?C during transportation and above 5?C while storage at retail stores.
The global truck refrigeration equipment market size was valued at USD 1,22,859 in 2015.
Application Insights:
The food and beverages application segment led the global transport refrigeration equipment 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 foods across various regions including North America and Europe. Furthermore, growing awareness among consumers regarding health benefits associated with freshness coupled with rising disposable income levels is expected to drive growth over the forecast period.
Transport refrigeration equipment plays a significant role in maintaining quality standards of perishable commodities including pharmaceuticals, chemicals & related liquids, processed foods & beverages (frozen), plants/flowers (vase-quality) as well as others such as ice cream or frozen desserts which are primarily consumed during summer months. Growing demand for these products from end-use markets including hospitals has significantly contributed towards industry growth over recent years.
In addition to food.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for plant and animal-based products, such as meat, fish, and dairy products. In addition, rising number of manufacturing facilities in this region is anticipated to fuel market growth during the forecast period. Europe also held a significant share in terms of revenue in 2017 owing to high adoption of air conditioning systems coupled with favorable government regulations regarding VTE installation on commercial vehicles. However, sluggish economic conditions are expected to hamper regional growth over the next eight years.
Growth Factors:
- Increasing demand for food and beverages due to changing lifestyle and growing population
- Rapid growth of the e-commerce sector
- Proliferation of cold chain infrastructure in developing countries
- Rising awareness about food safety and hygiene among consumers
- Technological advancements in transport refrigeration equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Transport Refrigeration Equipment Market Research Report
By Type
Van Refrigeration Equipment, Truck Refrigeration Equipment, Trailer Refrigeration Equipment
By Application
Food & Beverages, Pharmaceuticals, Chemical Industry, Plants/Flowers, Others
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Transport Refrigeration Equipment Market Report Segments:
The global Transport Refrigeration Equipment market is segmented on the basis of:
Types
Van Refrigeration Equipment, Truck Refrigeration Equipment, Trailer Refrigeration Equipment
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, Chemical Industry, Plants/Flowers, 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
- DENSO
- Wabash National
- Lamberet
- MHI
- Chereau
- Great Dane
- Zanotti
- Kingtec
- FRIGOBLOCK
- GAH Refrigeration
- Morgan
- Sainte Marie
- Hubbard
Highlights of The Transport Refrigeration Equipment 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:
- Van Refrigeration Equipment
- Truck Refrigeration Equipment
- Trailer Refrigeration Equipment
- By Application:
- Food & Beverages
- Pharmaceuticals
- Chemical Industry
- Plants/Flowers
- 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 Transport Refrigeration Equipment 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?
Transport refrigeration equipment is a specialized type of refrigeration equipment used to transport perishable food products. It includes both mechanical and electronic components, and typically uses a cooling system to keep the food cold.
Some of the major players in the transport refrigeration equipment market are Thermo King, Carrier Transicold, DENSO, Wabash National, Lamberet, MHI, Chereau, Great Dane, Zanotti, Kingtec, FRIGOBLOCK, GAH Refrigeration, Morgan, Sainte Marie, Hubbard.
The transport refrigeration equipment 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 Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transport Refrigeration Equipment 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 Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Size & Forecast, 2018-2028
4.5.1 Transport Refrigeration Equipment Market Size and Y-o-Y Growth
4.5.2 Transport Refrigeration Equipment Market Absolute $ Opportunity
Chapter 5 Global Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Size Forecast by Type
5.2.1 Van Refrigeration Equipment
5.2.2 Truck Refrigeration Equipment
5.2.3 Trailer Refrigeration Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Pharmaceuticals
6.2.3 Chemical Industry
6.2.4 Plants/Flowers
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transport Refrigeration Equipment 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 Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Size Forecast by Type
9.6.1 Van Refrigeration Equipment
9.6.2 Truck Refrigeration Equipment
9.6.3 Trailer Refrigeration Equipment
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 Transport Refrigeration Equipment Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Pharmaceuticals
9.10.3 Chemical Industry
9.10.4 Plants/Flowers
9.10.5 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 Transport Refrigeration Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Size Forecast by Type
10.6.1 Van Refrigeration Equipment
10.6.2 Truck Refrigeration Equipment
10.6.3 Trailer Refrigeration Equipment
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 Transport Refrigeration Equipment Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Pharmaceuticals
10.10.3 Chemical Industry
10.10.4 Plants/Flowers
10.10.5 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 Transport Refrigeration Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Size Forecast by Type
11.6.1 Van Refrigeration Equipment
11.6.2 Truck Refrigeration Equipment
11.6.3 Trailer Refrigeration Equipment
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 Transport Refrigeration Equipment Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Pharmaceuticals
11.10.3 Chemical Industry
11.10.4 Plants/Flowers
11.10.5 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 Transport Refrigeration Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Transport Refrigeration Equipment 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 Transport Refrigeration Equipment Market Size Forecast by Type
12.6.1 Van Refrigeration Equipment
12.6.2 Truck Refrigeration Equipment
12.6.3 Trailer Refrigeration Equipment
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 Transport Refrigeration Equipment Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Pharmaceuticals
12.10.3 Chemical Industry
12.10.4 Plants/Flowers
12.10.5 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) Transport Refrigeration Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transport Refrigeration Equipment 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) Transport Refrigeration Equipment Market Size Forecast by Type
13.6.1 Van Refrigeration Equipment
13.6.2 Truck Refrigeration Equipment
13.6.3 Trailer Refrigeration Equipment
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) Transport Refrigeration Equipment Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Pharmaceuticals
13.10.3 Chemical Industry
13.10.4 Plants/Flowers
13.10.5 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 Transport Refrigeration Equipment Market: Competitive Dashboard
14.2 Global Transport Refrigeration Equipment 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
