PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1301801
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1301801
India Refrigerated Trucks Market, By Type ; By Tonnage Capacity ; By Application ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Refrigerated Trucks Market Size Set to Grow at Steady CAGR of 9.16% to Reach USD 4.23 by 2029
India refrigerated trucks market is rapidly growing due to growing consumer preferences for perishable goods, improved infrastructure, and government initiatives promoting food safety and preservation.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India refrigerated trucks market size at USD 5.90 billion in 2022. During the forecast period between 2023 and 2029, India refrigerated trucks market size is to grow at a robust CAGR of 14.23% reaching a value of USD 14.00 billion by 2029. There have been notable trends in the market for refrigerated vehicles in India. Due to India's expanding cold chain industry, demand for refrigerated vehicles, also known as reefer trucks, has been rising steadily. The growth of online grocery delivery services, expanding organized retail, and rising consumer awareness of food safety and quality have all boosted demand for refrigerated transportation. The government's emphasis on lowering post-harvest losses and enhancing infrastructure for food preservation has also helped to strengthen the market. Manufacturers are putting cutting-edge technologies like temperature-controlled systems, telematics, and GPS tracking in refrigerated trucks to address the growing need for dependable and efficient transportation of perishable goods.
India Refrigerated Trucks Market - Overview:
Reefer trucks, commonly referred to as refrigerated trucks, are specialized vehicles made for the transportation of perishable commodities, medications, and other items that require a controlled atmosphere due to their temperature sensitivity. These vehicles have integrated cooling systems that keep the temperature in the cargo area constant and low, usually between -18°C and 4°C (0°F and 40°F). To avoid spoiling and retain product freshness during transit, the refrigeration system circulates cold air, frequently propelled by a separate diesel engine or electric motor. Food, beverages, pharmaceuticals, and other temperature-sensitive goods are transported and distributed using refrigerated trucks, assuring their quality and safety from the point of origin to point of use.
Impact of COVID-19 on India Refrigerated Trucks Market
The COVID-19 pandemic significantly impacted the India refrigerated trucks market, causing disruptions and changes in the industry. The strict lockdown measures and restrictions imposed to control the spread of the virus resulted in a decline in demand for refrigerated transportation services. The food and pharmaceutical sectors, major consumers of refrigerated trucks, experienced disruptions in their supply chains, affecting the market. Also, the temporary closure of hotels, restaurants, and catering services further dampened the demand for refrigerated transportation. However, with the gradual easing of restrictions and the resumption of economic activities, the market is expected to recover, driven by increasing demand for safe and efficient cold chain logistics in the post-pandemic era.
India Refrigerated Trucks Market - By Application:
On the basis of application, India refrigerated trucks market is divided into Food and Beverages, Pharmaceuticals, and Chemicals. The food and beverages segment is the largest contributor to the India refrigerated trucks market. India's thriving food and beverage sector, including the fast-growing processed food market, drives the demand for refrigerated trucks to transport perishable goods across the country. With a vast population and changing consumer preferences, the need for efficient cold chain logistics in the food industry is increasing rapidly. The pharmaceutical and chemical segments also contribute to the market, but the food and beverages industry holds the largest share due to the extensive scope and demand for refrigerated transportation in India's dynamic food market.
Competitive Landscape:
India refrigerated trucks market is fiercely competitive. Major companies in the market include Carrier Airconditioning & Refrigeration Limited, Ice Make Refrigeration Limited, JCBL Limited, KOLD SEAL, Motherson Sumi System Ltd, Subros Limited, Surin International Private Limited, Tata Motors Limited, Trane Technologies India Pvt Ltd, and TransACNR. Companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in India refrigerated trucks market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Refrigerated Trucks Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Refrigerated Trucks Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Refrigerated Trucks Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Demand for Perishable Goods
- 3.2.1.2. Growing E-commerce and Home Delivery
- 3.2.2. Restraints
- 3.2.2.1. High Cost of Refrigerated Trucks
- 3.2.3. Opportunity
- 3.2.3.1. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Safety Concern
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Refrigerated Trucks Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Light Commercial Vehicle
- 4.2.1.2. Medium Commercial Vehicle
- 4.2.1.3. Heavy Commercial Vehicle
- 4.2.2. By Tonnage Capacity
- 4.2.2.1. Less than 10 tons
- 4.2.2.2. 10-20 tons
- 4.2.2.3. More than 20 tons
- 4.2.3. By Application
- 4.2.3.1. Food and Beverages
- 4.2.3.2. Pharmaceuticals
- 4.2.3.3. Chemicals
- 4.2.3.4. Others
- 4.2.4. By Region
- 4.2.4.1. North India
- 4.2.4.2. South India
- 4.2.4.3. East India
- 4.2.4.4. West India
- 4.2.1. By Type
5. North India Refrigerated Trucks Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Tonnage Capacity
- 5.2.3. By Application
6. South India Refrigerated Trucks Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Tonnage Capacity
- 6.2.3. By Application
7. East India Refrigerated Trucks Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Tonnage Capacity
- 7.2.3. By Application
8. West India Refrigerated Trucks Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Tonnage Capacity
- 8.2.3. By Application
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Refrigerated Trucks Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Refrigerated Trucks Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Carrier Airconditioning & Refrigeration Limited
- 11.2. Ice Make Refrigeration Limited
- 11.3. JCBL Limited
- 11.4. KOLD SEAL
- 11.5. Motherson Sumi System Ltd
- 11.6. Subros Limited
- 11.7. Surin International Private Limited
- 11.8. Tata Motors Limited
- 11.9. Trane Technologies India Pvt Ltd
- 11.10. TransACNR
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Refrigerated Trucks Segmentation
- Figure 2 India Refrigerated Trucks Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Refrigerated Trucks Market Share, By Type , By Value, 2019-2029
- Figure 6 India Refrigerated Trucks Market Share, By Tonnage Capacity, By Value, 2019-2029
- Figure 7 India Refrigerated Trucks Market Share, By Application, By Value, 2019-2029
- Figure 8 North India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Figure 9 North India Refrigerated Trucks Market Share, By Type , By Value, 2019-2029
- Figure 10 North India Refrigerated Trucks Market Share, By Tonnage Capacity, By Value, 2019-2029
- Figure 11 North India Refrigerated Trucks Market Share, By Application, By Value, 2019-2029
- Figure 12 South India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Figure 13 South India Refrigerated Trucks Market Share, By Type , By Value, 2019-2029
- Figure 14 South India Refrigerated Trucks Market Share, By Tonnage Capacity, By Value, 2019-2029
- Figure 15 South India Refrigerated Trucks Market Share, By Application, By Value, 2019-2029
- Figure 16 East India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Figure 17 East India Refrigerated Trucks Market Share, By Type , By Value, 2019-2029
- Figure 18 East India Refrigerated Trucks Market Share, By Tonnage Capacity, By Value, 2019-2029
- Figure 19 East India Refrigerated Trucks Market Share, By Application, By Value, 2019-2029
- Figure 20 West India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Figure 21 West India Refrigerated Trucks Market Share, By Type , By Value, 2019-2029
- Figure 22 West India Refrigerated Trucks Market Share, By Tonnage Capacity, By Value, 2019-2029
- Figure 23 West India Refrigerated Trucks Market Share, By Application, By Value, 2019-2029
List of Tables
- Table 1 India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Table 2 India Refrigerated Trucks Market Size, By Type , By Value, 2019-2029
- Table 3 India Refrigerated Trucks Market Size, By Tonnage Capacity, By Value, 2019-2029
- Table 4 India Refrigerated Trucks Market Size, By Application, By Value, 2019-2029
- Table 5 North India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Table 6 North India Refrigerated Trucks Market Size, By Type , By Value, 2019-2029
- Table 7 North India Refrigerated Trucks Market Size, By Tonnage Capacity, By Value, 2019-2029
- Table 8 North India Refrigerated Trucks Market Size, By Application, By Value, 2019-2029
- Table 9 South India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Table 10 South India Refrigerated Trucks Market Size, By Type , By Value, 2019-2029
- Table 11 South India Refrigerated Trucks Market Size, By Tonnage Capacity, By Value, 2019-2029
- Table 12 South India Refrigerated Trucks Market Size, By Application, By Value, 2019-2029
- Table 13 East India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Table 14 East India Refrigerated Trucks Market Size, By Type , By Value, 2019-2029
- Table 15 East India Refrigerated Trucks Market Size, By Tonnage Capacity, By Value, 2019-2029
- Table 16 East India Refrigerated Trucks Market Size, By Application, By Value, 2019-2029
- Table 17 West India Refrigerated Trucks Market Size, By Value (USD Million), 2019-2029
- Table 18 West India Refrigerated Trucks Market Size, By Type , By Value, 2019-2029
- Table 19 West India Refrigerated Trucks Market Size, By Tonnage Capacity, By Value, 2019-2029
- Table 20 West India Refrigerated Trucks Market Size, By Application, By Value, 2019-2029
- Table 21 Carrier Airconditioning & Refrigeration Limited Company Overview
- Table 22 Carrier Airconditioning & Refrigeration Limited Financial Overview
- Table 23 Ice Make Refrigeration Limited Company Overview
- Table 24 Ice Make Refrigeration Limited Financial Overview
- Table 25 JCBL Limited Company Overview
- Table 26 JCBL Limited Financial Overview
- Table 27 KOLD SEAL Company Overview
- Table 28 KOLD SEAL Financial Overview
- Table 29 Motherson Sumi System Ltd Company Overview
- Table 30 Motherson Sumi System Ltd Financial Overview
- Table 31 Subros Limited Company Overview
- Table 32 Subros Limited Financial Overview
- Table 33 Surin International Private Limited Company Overview
- Table 34 Surin International Private Limited Financial Overview
- Table 35 Tata Motors Limited Company Overview
- Table 36 Tata Motors Limited Financial Overview
- Table 37 Trane Technologies India Pvt Ltd Company Overview
- Table 38 Trane Technologies India Pvt Ltd Financial Overview
- Table 39 TransACNR Company Overview
- Table 40 TransACNR Financial Overview
