Truck Refrigeration Unit Market Report: Trends, Forecast and Competitive Analysis to 2030

Truck Refrigeration Unit Market Report: Trends, Forecast and Competitive Analysis to 2030

Truck Refrigeration Unit Market Trends and Forecast

The future of the global truck refrigeration unit market looks promising with opportunities in the frozen food, pharma drugs & chemicals, and ambulance & passenger transport markets. The global truck refrigeration unit market is expected to reach an estimated $16.2 billion by 2030 with a CAGR of 4.8% from 2023 to 2028. The major drivers for this market are growing demand for frozen and chilled commodities, increasing number of supermarkets and quick-service restaurants, and on-going advancements in the technology of refigeration.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global truck refrigeration unit market report, please download the report brochure.

Truck Refrigeration Unit Market by Segment

The study includes a forecast for the global truck refrigeration unit market by size, type, application, end use, and region

Truck Refrigeration Unit Market by Size [Shipment Analysis by Value from 2018 to 2030]:

• 20-feet
• 40 feet

Truck Refrigeration Unit Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Split system
• Roof mount system

Truck Refrigeration Unit Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Frozen
• Chilled

Truck Refrigeration Unit Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Frozen food
• Pharma drugs & chemicals
• Ambulance & passenger transport

Truck Refrigeration Unit Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Truck Refrigeration Unit Market Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies truck refrigeration unit market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the truck refrigeration unit market companies profiled in this report include-

• Daikin Industries
• DENSO Corporation
• Thermo King
• VBG Group
• Carrier Global
• Mitsubishi Heavy Industries Thermal Systems

Truck Refrigeration Unit Market Market Insights

Lucintel forecast that 20 Feet is expected to witness highest growth over the forecast period due to its afforadbility, improved fuel efficiency, enhanced control, and maneuverability.

Within this market, frozen food will remain the largest segment due to escalating demand for frozen food, such as frozen vegetables , meat and ice cream across the globe.

APAC is expected to witness highest growth over the forecast period due to expanding supply chain businesses and increasing consumption of frozen foods in the region.

Features of the Global Truck Refrigeration Unit Market

Market Size Estimates: Truck refrigeration unit market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Truck refrigeration unit market size by various segments, such as by size, type,application, end use, and region in terms of value ($B).

Regional Analysis: Truck refrigeration unit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different size, type, application, end use, and regions for the truck refrigeration unit market

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the truck refrigeration unit market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the truck refrigeration unit marketsize?

Answer: The global truck refrigeration unit market is expected to reach an estimated $16.2 billion by 2030.

Q.2 What is the growth forecast for truck refrigeration unit market?

Answer: The global truck refrigeration unit market is expected to grow with a CAGR of 4.8% from 2024 to 2030

Q.3 What are the major drivers influencing the growth of the truck refrigeration unit market?

Answer: The major drivers for this market are growing demand for frozen and chilled commodities, increasing number of supermarkets and quick-service restaurants, and on-going advancements in the technology of refigeration.

Q4. What are the major segments for truck refrigeration unit market?

Answer: The future of the global truck refrigeration unit market looks promising with opportunities in the frozen food, pharma drugs & chemicals, and ambulance & passenger transport markets.

Q5. Who are the key truck refrigeration unit market companies?

Answer: Some of the key truck refrigeration unit market companies are as follows:

Daikin Industries

DENSO Corporation

Thermo King

VBG Group

Carrier Global

Mitsubishi Heavy Industries Thermal Systems

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Q6. Which truck refrigeration unit market segment will be the largest in future?

Answer: Lucintel forecast that 20 Feet is expected to witness highest growth over the forecast period due to its afforadbility, improved fuel efficiency, enhanced control, and maneuverability.

Q7. In truck refrigeration unit market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to expanding supply chain businesses and increasing consumption of frozen foods in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the truck refrigeration unit market by size (20 feet and 40 feet), type (split system and roof mount system), application (frozen and chilled), end use (frozen food, pharma drugs & chemicals, and ambulance & passenger transport), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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