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Global Transport Refrigeration Units Market 2017-2021

About Transport Refrigeration Units

Transport refrigeration units are used to control the environment of temperature-sensitive products transported in trucks, vans or any carrier vehicle as well as in marine/intermodal containers. Refrigerated transportation is a method of climate controlled transportation, which is specifically designed to ship products that require a cool or frozen temperature to stay fresh for delivery to the market. Products like frozen fruits and vegetables, frozen seafood or meat, plants, chemicals, pharmaceuticals, and agricultural products require a temperature controlled environment to sustain the transit.

Technavio’s analysts forecast the global transport refrigeration units market to grow at a CAGR of 5.71% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global transport refrigeration units market for 2017-2021. To calculate the market size, the report considers the market segmentation based on modes of transportation, end-user, and geography.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Transport Refrigeration Units Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier
  • DAIKIN INDUSTRIES
  • Ingersoll Rand
  • MITSUBISHI HEAVY INDUSTRIES
Other prominent vendors
  • CHEREAU
  • China International Marine Containers
  • Great Dane
  • Hubbard Products
  • LAMBERET
  • LAMILUX
  • Morgan Corporation
  • Schmitz Cargobull
  • Utility Trailer Manufacturing Company
  • Wabash National Corporation
Market driver
  • Growing demand for frozen food
  • For a full, detailed list, view our report
Market challenge
  • Health concerns over consumption of frozen fruits and vegetables
  • For a full, detailed list, view our report
Market trend
  • Technological advances in refrigeration units
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Transport Refrigeration Units Market 2017-2021

Technavio recognizes the following companies as the key players in the global transport refrigeration units market: Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, and MITSUBISHI HEAVY INDUSTRIES.

Other Prominent Vendors in the market are: CHEREAU, China International Marine Containers, Great Dane, Hubbard Products, LAMBERET, LAMILUX, Morgan Corporation, Schmitz Cargobull, Utility Trailer Manufacturing Company, and Wabash National Corporation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances in refrigeration units. Companies are involved in developing the latest technologies to enhance the efficiency and life of the refrigeration units. In 2014, Carrier Transicold launched an accessory product, which uses the sun's energy to charge the transport refrigeration unit (TRU) batteries.”

According to the report, one driver in the market is growing demand for frozen food. The frozen fruit and vegetable market is rapidly growing, globally, as the products are available all through the year and the market is not confined only to seasonal availability. Consumers prefer to buy frozen and processed fruits and vegetables due to the lack of time. Many countries are involved in growing fresh fruits and vegetables, which are then distributed to other countries to meet the consumer demands. The Millennials, aged between 18 and 34, are highly health conscious consumers. Frozen fruits and vegetables have a higher intake of key nutrients like potassium, calcium, and fiber; the consumption of frozen fruits and vegetables also reduces the Body mass index (BMI).

Further, the report states that one challenge in the market is health concerns over consumption of frozen fruits and vegetables. The increase in the demand for frozen foods is leading to enhancements in cold chain supply, thereby driving the transport refrigeration units market. However, health concerns about frozen fruits and vegetables is a major challenge for the food processing sector, which will hinder the transport refrigeration unit industry. In order to preserve the nutritional value of food, vegetables are processed and frozen immediately after harvesting.

Companies Mentioned

Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, MITSUBISHI HEAVY INDUSTRIES, CHEREAU, China International Marine Containers, Great Dane, Hubbard Products, LAMBERET, LAMILUX, Morgan Corporation, Schmitz Cargobull, Utility Trailer Manufacturing Company, and Wabash National Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global transport refrigeration units market by modes of transportation, 2016
      • Table Global transport refrigeration units market by geography 2016-2021 ($ millions)
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global transport refrigeration units market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global transport refrigeration units market-segmentation by end-user 2016 and 2021 (%)
    • Global transport refrigeration units market in food sector
      • Table Global transport refrigeration units market in food sector 2016-2021 ($ millions)
    • Global transport refrigeration units market in pharmaceutical sector
      • Table Exhibit 05: Global transport refrigeration units in pharmaceutical sector 2016-2021 ($ millions)
  • Market segmentation by modes of transportation
    • Market overview
      • Table Global transport refrigeration unit market segmentation by modes of transportation 2016 and
    • Global transport refrigeration units by land route
      • Table Global transport refrigeration units market by land route 2016-2021 ($ millions)
    • Global transport refrigeration units market by sea route
      • Table Global transport refrigeration units market by sea route 2016-2021 ($ million)
      • Table Gross weight of goods handled in EU ports 2010-2015 (billions of tons)
    • Global transport refrigeration units market by air route
      • Table Global transport refrigeration units market by air route 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global transport refrigeration units market segmentation by geography 2016 and 2021 (%)
    • Transport refrigeration units market in North America
      • Table Transport refrigeration units market in North America 2016-2021 ($ millions)
      • Table Agri-food imports and exports in North America, 2013-2015 ($ billions)
    • Transport refrigeration units market in Europe
      • Table Transport refrigeration units market in Europe 2016-2021 ($ millions)
    • Transport refrigeration units market in APAC
      • Table Transport refrigeration units market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Growing e-commerce market
      • Table Products approved for the cold chain projects in India 2017 (%)
    • Market challenges
  • Market trends
    • Technological advances in refrigeration units
    • New food safety regulations
      • Table Food safety regulation key requirements
    • Increased government support for processed foods
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Carrier
      • Table Carrier: Transportation refrigeration products
    • DAIKIN INDUSTRIES
      • Table DAIKIN INDUSTRIES: Products and services
    • Ingersoll Rand
      • Table Ingersoll Rand: Product offerings
      • Table Thermo King: Transportation refrigeration products
    • MITSUBISHI HEAVY INDUSTRIES
      • Table MHI THERMAL SYSTEMS: Products offered
  • Appendix
    • List of abbreviations
  • Explore Technavio

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