Market Overview:
The global truck refrigeration units 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 food and beverages, pharmaceuticals, chemical industry products, plants/flowers, and other products that need to be transported under controlled temperature conditions. In terms of type, the small truck refrigeration unit segment is expected to grow at a higher CAGR than the medium truck refrigeration unit and larger truck refrigeration unit segments during the forecast period. This can be attributed to their low cost and easy installation as compared with medium and large-sized trucks.
Product Definition:
A truck refrigeration unit is a device used to keep perishable goods cold while being transported. They are important because they help to preserve the quality of food and other items that need to be kept cold.
Small Truck Refrigeration Unit:
Small truck refrigeration unit is a part of refrigeration equipment used in small trucks and minivans. Refrigeration systems are used to store food, beverages, medical supplies and other items at optimum temperature. The demand for this equipment is expected to grow over the forecast period owing to increasing number of organized retail stores such as hypermarkets, supermarkets which require cold storage facility for their products.
Medium Truck Refrigeration Unit:
The medium truck refrigeration unit is used to transport frozen food products such as fish, meat, vegetables and fruits at a suitable temperature. The product is equipped with advanced features that enable its use in various types of transportation including local and long-distance. It has an efficient compressor that helps in maintaining the temperature of the cargo throughout the journey.
The medium truck refrigeration unit offers benefits such as cost-effectiveness, enhanced productivity.
Application Insights:
The food & beverages application segment led the global truck refrigeration units market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for fruits and vegetables, processed foods, dairy products, frozen foods and other such commodities across various regions including North America and Europe.
Food & beverage manufacturers are increasingly deploying small trucks with medium or large capacity refrigerators as per their requirements owing to rising demand for on-the-go products along with growing sales of packaged food items in retail stores across various regions globally. Furthermore, increasing penetration of e-commerce platforms coupled with an increase in consumer preference for home delivery services is expected to drive the product demand over the forecast period.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for plant-based food products, such as fresh vegetables and fruits, along with rising demand for packaged food products from consumers. Furthermore, the presence of prominent players in this region will boost market growth. For instance, Airgas Inc., one of the leading providers of gases and aerosols used in industrial refrigeration applications is headquartered in U.S.
In Europe, truck refrigeration units are widely used across various industries including plants/flowers; pharmaceuticals; chemicals; others such as logistics.
Growth Factors:
- Increasing demand for perishable goods and food items: The global truck refrigeration units market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for perishable goods and food items across the globe. This is mainly due to the changing lifestyle and growing population, which has resulted in an increase in the demand for processed foods.
- Technological advancements: The truck refrigeration units market is witnessing technological advancements with respect to design, efficiency, and performance of products offered by various players in this market. This is helping players cater to the needs of customers across different regions effectively.
- Stringent environmental regulations: Stringent environmental regulations related to emissions are prompting Original Equipment Manufacturers (OEMs) or suppliers of truck refrigeration systems towards developing more fuel-efficient systems that comply with these norms without hampering performance levels or storage capacity requirements of trucks/trailers fitted with such systems.. 4 Emerging markets offer potential growth opportunities: A large number of untapped opportunities exist in emerging markets such as India, China, Brazil etc., which are expected to offer potential growth opportunities for players operating in this market during the forecast period . 5 Growing popularity of reefer trailers among shippers: The growing popularity of reefer trailers among shippers has led OEMs towards offering a wider rangeof products cateringto this segment specifically
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Refrigeration Units Market Research Report
By Type
Small Truck Refrigeration Unit, Medium Truck Refrigeration Unit, Larger Truck Refrigeration Unit
By Application
Food & Beverages, Pharmaceuticals, Chemical Industry, Plants/Flowers, Others
By Companies
Lamberet, Thermo King, Carrier Transicold, DENSO, Mitsubishi Heavy Industries, Guchen, Wabash National, MHI, Chereau, Great Dane, Zanotti, Kingtec, FRIGOBLOCK, GAH Refrigeration, Morgan, Sainte Marie
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Truck Refrigeration Units Market Report Segments:
The global Truck Refrigeration Units market is segmented on the basis of:
Types
Small Truck Refrigeration Unit, Medium Truck Refrigeration Unit, Larger Truck Refrigeration Unit
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:
- Lamberet
- Thermo King
- Carrier Transicold
- DENSO
- Mitsubishi Heavy Industries
- Guchen
- Wabash National
- MHI
- Chereau
- Great Dane
- Zanotti
- Kingtec
- FRIGOBLOCK
- GAH Refrigeration
- Morgan
- Sainte Marie
Highlights of The Truck Refrigeration Units 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 Truck Refrigeration Unit
- Medium Truck Refrigeration Unit
- Larger Truck Refrigeration Unit
- 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 Truck Refrigeration Units 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 truck refrigeration unit is a specialized piece of equipment that is used to cool the cargo inside of a truck. This unit uses a variety of methods to keep the cargo cold, including using ice and water, air conditioning, and fans.
Some of the major companies in the truck refrigeration units market are Lamberet, Thermo King, Carrier Transicold, DENSO, Mitsubishi Heavy Industries, Guchen, Wabash National, MHI, Chereau, Great Dane, Zanotti, Kingtec, FRIGOBLOCK, GAH Refrigeration, Morgan, Sainte Marie.
The truck refrigeration units 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 Truck Refrigeration Units 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 Truck Refrigeration Units Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck Refrigeration Units 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 Truck Refrigeration Units 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 Truck Refrigeration Units Market Size & Forecast, 2018-2028
4.5.1 Truck Refrigeration Units Market Size and Y-o-Y Growth
4.5.2 Truck Refrigeration Units Market Absolute $ Opportunity
Chapter 5 Global Truck Refrigeration Units 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 Truck Refrigeration Units Market Size Forecast by Type
5.2.1 Small Truck Refrigeration Unit
5.2.2 Medium Truck Refrigeration Unit
5.2.3 Larger Truck Refrigeration Unit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck Refrigeration Units 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 Truck Refrigeration Units 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 Truck Refrigeration Units 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 Truck Refrigeration Units 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 Truck Refrigeration Units Analysis and Forecast
9.1 Introduction
9.2 North America Truck Refrigeration Units 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 Truck Refrigeration Units Market Size Forecast by Type
9.6.1 Small Truck Refrigeration Unit
9.6.2 Medium Truck Refrigeration Unit
9.6.3 Larger Truck Refrigeration Unit
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 Truck Refrigeration Units 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 Truck Refrigeration Units Analysis and Forecast
10.1 Introduction
10.2 Europe Truck Refrigeration Units 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 Truck Refrigeration Units Market Size Forecast by Type
10.6.1 Small Truck Refrigeration Unit
10.6.2 Medium Truck Refrigeration Unit
10.6.3 Larger Truck Refrigeration Unit
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 Truck Refrigeration Units 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 Truck Refrigeration Units Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck Refrigeration Units 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 Truck Refrigeration Units Market Size Forecast by Type
11.6.1 Small Truck Refrigeration Unit
11.6.2 Medium Truck Refrigeration Unit
11.6.3 Larger Truck Refrigeration Unit
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 Truck Refrigeration Units 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 Truck Refrigeration Units Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck Refrigeration Units 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 Truck Refrigeration Units Market Size Forecast by Type
12.6.1 Small Truck Refrigeration Unit
12.6.2 Medium Truck Refrigeration Unit
12.6.3 Larger Truck Refrigeration Unit
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 Truck Refrigeration Units 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) Truck Refrigeration Units Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck Refrigeration Units 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) Truck Refrigeration Units Market Size Forecast by Type
13.6.1 Small Truck Refrigeration Unit
13.6.2 Medium Truck Refrigeration Unit
13.6.3 Larger Truck Refrigeration Unit
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) Truck Refrigeration Units 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 Truck Refrigeration Units Market: Competitive Dashboard
14.2 Global Truck Refrigeration Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lamberet
14.3.2 Thermo King
14.3.3 Carrier Transicold
14.3.4 DENSO
14.3.5 Mitsubishi Heavy Industries
14.3.6 Guchen
14.3.7 Wabash National
14.3.8 MHI
14.3.9 Chereau
14.3.10 Great Dane
14.3.11 Zanotti
14.3.12 Kingtec
14.3.13 FRIGOBLOCK
14.3.14 GAH Refrigeration
14.3.15 Morgan
14.3.16 Sainte Marie
