Market Overview:
The global van refrigeration equipment 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 vans for commercial purposes, such as food and beverage delivery, pharmaceuticals and chemicals delivery, and plant and flower delivery. In addition, the growing trend of online grocery shopping is also contributing to the growth of this market. The global van refrigeration equipment market can be segmented on the basis of type into small-size vans and medium-size vans. The small-size van segment is expected to grow at a higher CAGR than the medium-size van segment during the forecast period from 2018 to 2030. This can be attributed to their low cost as compared with medium-sized vans, which makes them more affordable for small businesses operating in regional markets or local areas. On the basis of application,the global van refrigeration equipmentmarket can be divided into food/beverages applications, pharmaceuticals/chemicals applications,, plants/flowers applications,,and other applications (such as ice cream).
Product Definition:
A van refrigeration unit is a piece of equipment that is mounted to the inside of a van and uses an air conditioning unit to cool the space. This type of equipment can be used to store food or other items that need to be kept cold.
Small-size:
Small-size is the size of equipment which can fit in a refrigeration truck. Refrigeration equipment includes walk-in coolers, chest freezers, ice making machinery and beverage machines among others. The small-size category has been growing at a significant rate owing to the demand for specialized products from food service industries such as quick serve restaurants and fast food joints among others.
Medium-size:
The size of the medium-size is determined by the volume of food that can be stored at a temperature between 0°F and 25°F. The range within which this temperature can be maintained is from 35 to 40 degrees Fahrenheit for ice, up to 70 degrees for refrigerated foods such as dairy products, fresh meat and vegetables.
Van refrigeration equipment are used in various applications across different industries including food & beverages, pharmaceuticals and chemicals among others.
Application Insights:
Food and beverages was the largest application segment in 2017. The global van refrigeration equipment market is witnessing significant growth owing to rising demand for fruits and vegetables, meat, poultry and seafood products across the globe. Furthermore, increasing consumption of dairy products such as cheese along with a rise in per capita income levels has boosted the sales of these machines globally.
The pharmaceutical/chemical application segment is anticipated to witness considerable growth over the forecast period owing to an increase in R&D activities pertaining to new drug development coupled with an increase in product launches by various companies for cold chain maintenance. In addition, stringent government regulations regarding food safety are expected to boost industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for improved food quality, rising concerns over food wastage and safety, and growing need for energy-efficient products. Moreover, presence of major players such as compressors & refrigeration (USA) Inc.; Emerson Electric Co.; and Honeywell International Inc., coupled with high disposable income of consumers is also contributing toward growth in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to factors such as improving economic conditions in emerging countries like India and China; expansion of retail sector; rise in consumer disposable income levels; rapid urbanization; increase in population spending power across all segments including small shops/restaurants/food outlets along with large supermarkets & hypermarkets are some prominent factors driving regional product demand.
Growth Factors:
- Increasing demand for cold storage and refrigeration in food and beverage industry
- Growing popularity of Van Refrigeration Equipment for commercial applications
- Proliferation of supermarkets and hypermarkets, which need efficient refrigeration systems
- Technological advancements that have led to the development of more energy-efficient Van Refrigeration Equipment
- Rising concerns over food safety and hygiene
Scope Of The Report
Report Attributes
Report Details
Report Title
Van Refrigeration Equipment 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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Van Refrigeration Equipment Market Report Segments:
The global Van Refrigeration Equipment 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 Van 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:
- 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 Van 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?
Van refrigeration equipment is a type of refrigeration equipment that uses vans as the primary means of transporting food and beverages.
Some of the major players in the van 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 van 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 Van 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 Van Refrigeration Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Van 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 Van 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 Van Refrigeration Equipment Market Size & Forecast, 2018-2028
4.5.1 Van Refrigeration Equipment Market Size and Y-o-Y Growth
4.5.2 Van Refrigeration Equipment Market Absolute $ Opportunity
Chapter 5 Global Van 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 Van Refrigeration Equipment 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 Van 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 Van Refrigeration Equipment 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 Van 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 Van 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 Van Refrigeration Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Van 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 Van Refrigeration Equipment 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 Van Refrigeration Equipment 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 Van Refrigeration Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Van 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 Van Refrigeration Equipment 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 Van Refrigeration Equipment 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 Van Refrigeration Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Van 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 Van Refrigeration Equipment 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 Van Refrigeration Equipment 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 Van Refrigeration Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Van 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 Van Refrigeration Equipment 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 Van Refrigeration Equipment 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) Van Refrigeration Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Van 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) Van Refrigeration Equipment 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) Van Refrigeration Equipment 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 Van Refrigeration Equipment Market: Competitive Dashboard
14.2 Global Van 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
