Global Truck Refrigeration Unit Market Size study & Forecast, by Type, by Length, by Application, by Power Source, by Power Capacity, by Vehicle Type and Regional Analysis, 2023-2030

Description

List of Tables

Global Truck Refrigeration Unit Market is valued approximately at USD 12671.75 million in 2022 and is anticipated to grow with a growth rate of more than 5.4% over the forecast period 2023-2030. Truck refrigeration systems are refrigerated/reefer vehicles equipped with mechanical refrigeration systems perform that perishable commodity at appropriate temperatures all the way to the point of sale. For LTL (less-than-truckload) shipment, general choices for sustaining goods in a "cool" or "fresh" temperature range or in a frozen temperature range are available. Factors such as increased demand for frozen food and fresh produce, customer desire for convenience, the expansion of supermarkets and quick-service restaurants, investments in smart city projects, and developments in refrigeration technology are driving the truck refrigeration unit market.

The pharmaceutical industry's demand for accurate temperature control during transportation is propelling the truck refrigeration unit market. These units ensure that pharmaceutical items, such as vaccines and pharmaceuticals, are stored and delivered at the appropriate temperatures to retain their efficacy and safety. According to Statista, the overall worldwide pharmaceutical market was predicted to be USD 1.48 trillion in 2022. This is a marginal gain from 2021, when the market was valued at USD 1.42 trillion. Additionally, huge demand for hygienic food products and food packaging and increasing investment in the food service sectors provides lucrative opportunities to the market. However, high cost associated with the energy-efficient AC system stifling market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Truck Refrigeration Unit Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to growing number of supply chain businesses also, the presence and availability of global brands and challenges faced by them due to intense or limited competition from local and domestic brands. Also, growing pharmaceutical industry in the region is anticipated to support the market growth. North America is expected to fastest growing significantly during the forecast period, owing to the worldwide deployment of vaccinations and pent-up demand for required and non-essential medical services, supportive government initiatives, and presence of key market players in the region.

Major market player included in this report are:

Utility Trailer Manufacturing Company
Denso Corporation
Thermo King
Carrier Global Corporation
Subros Ltd Co.
Webasto SE
Mobile Climate Control
Daikin Industries, Ltd.
Sanden Corporation
Klinge Corporation

Recent Developments in the Market:

In August 2021, Thermo King has introduced the T-80E Series, the latest addition to their refrigerated truck lineup. This next-generation product offers improved control software and long-life electronic evaporator fans. The T-80E Series showcases Thermo King's commitment to innovation, sustainability, and customer satisfaction by delivering enhanced refrigeration capacity and precise temperature control.
In December 2022, Thermo King, a leading transport refrigeration brand under Trane Technologies, has unveiled the TH-350, an ultra-thin electric refrigeration unit. This next-generation product from the THOR series offers exceptional cold chain logistics performance with its lightweight design, reliable performance, and user-friendly features.

Global Truck Refrigeration Unit Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Length, Application, Power Source, Power Capacity, Vehicle Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Split System
Roof Mount System

By Length:

< 8-Meter
8-12-Meter
>12-Meter

By Application:

Chilled
Frozen

By Power Source:

Engine Powered
Independent

By Power Capacity:

Below 5 Kw
5 Kw - 19 Kw
Above 19 Kw

By Vehicle Type:

Light Commercial Vehicles
Medium & Heavy Commercial Vehicles
Trailer
Bus
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Truck Refrigeration Unit Market, by region, 2020-2030 (USD Million)
- 1.2.2. Truck Refrigeration Unit Market, by Type, 2020-2030 (USD Million)
- 1.2.3. Truck Refrigeration Unit Market, by Length, 2020-2030 (USD Million)
- 1.2.4. Truck Refrigeration Unit Market, by Application, 2020-2030 (USD Million)
- 1.2.5. Truck Refrigeration Unit Market, by Power Source, 2020-2030 (USD Million)
- 1.2.6. Truck Refrigeration Unit Market, by Power Capacity, 2020-2030 (USD Million)
- 1.2.7. Truck Refrigeration Unit Market, by Vehicle Type, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Truck Refrigeration Unit Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Truck Refrigeration Unit Market Dynamics

3.1. Truck Refrigeration Unit Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for frozen foods by consumers
  - 3.1.1.2. Increasing growth of supermarkets and restaurants
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost associated with the energy-efficient AC system
  - 3.1.2.2. Growth in health concerns about the consumption of frozen fruit and vegetables
- 3.1.3. Market Opportunities
  - 3.1.3.1. Huge demand for hygienic food products and food packaging
  - 3.1.3.2. Increasing investment in the food service sectors

Chapter 4. Global Truck Refrigeration Unit Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Truck Refrigeration Unit Market, by Type

5.1. Market Snapshot
5.2. Global Truck Refrigeration Unit Market by Type, Performance - Potential Analysis
5.3. Global Truck Refrigeration Unit Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Truck Refrigeration Unit Market, Sub Segment Analysis
- 5.4.1. Split System
- 5.4.2. Roof Mount System

Chapter 6. Global Truck Refrigeration Unit Market, by Length

6.1. Market Snapshot
6.2. Global Truck Refrigeration Unit Market by Length, Performance - Potential Analysis
6.3. Global Truck Refrigeration Unit Market Estimates & Forecasts by Length 2020-2030 (USD Million)
6.4. Truck Refrigeration Unit Market, Sub Segment Analysis
- 6.4.1. < 8-Meter
- 6.4.2. 8-12-Meter
- 6.4.3. >12-Meter

Chapter 7. Global Truck Refrigeration Unit Market, by Application

7.1. Market Snapshot
7.2. Global Truck Refrigeration Unit Market by Application, Performance - Potential Analysis
7.3. Global Truck Refrigeration Unit Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Truck Refrigeration Unit Market, Sub Segment Analysis
- 7.4.1. Chilled
- 7.4.2. Frozen

Chapter 8. Global Truck Refrigeration Unit Market, by Power Source

8.1. Market Snapshot
8.2. Global Truck Refrigeration Unit Market by Power Source, Performance - Potential Analysis
8.3. Global Truck Refrigeration Unit Market Estimates & Forecasts by Power Source 2020-2030 (USD Million)
8.4. Truck Refrigeration Unit Market, Sub Segment Analysis
- 8.4.1. Engine Powered
- 8.4.2. Independent

Chapter 9. Global Truck Refrigeration Unit Market, by Power Capacity

9.1. Market Snapshot
9.2. Global Truck Refrigeration Unit Market by Power Capacity, Performance - Potential Analysis
9.3. Global Truck Refrigeration Unit Market Estimates & Forecasts by Power Capacity 2020-2030 (USD Million)
9.4. Truck Refrigeration Unit Market, Sub Segment Analysis
- 9.4.1. Below 5 Kw
- 9.4.2. 5 Kw - 19 Kw
- 9.4.3. Above 19 Kw

Chapter 10. Global Truck Refrigeration Unit Market, by Vehicle Type

10.1. Market Snapshot
10.2. Global Truck Refrigeration Unit Market by Vehicle Type, Performance - Potential Analysis
10.3. Global Truck Refrigeration Unit Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Million)
10.4. Truck Refrigeration Unit Market, Sub Segment Analysis
- 10.4.1. Light Commercial Vehicles
- 10.4.2. Medium & Heavy Commercial Vehicles
- 10.4.3. Trailer
- 10.4.4. Bus
- 10.4.5. Others

Chapter 11. Global Truck Refrigeration Unit Market, Regional Analysis

11.1. Top Leading Countries
11.2. Top Emerging Countries
11.3. Truck Refrigeration Unit Market, Regional Market Snapshot
11.4. North America Truck Refrigeration Unit Market
- 11.4.1. U.S. Truck Refrigeration Unit Market
  - 11.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 11.4.1.2. Length breakdown estimates & forecasts, 2020-2030
  - 11.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  - 11.4.1.4. Power Source breakdown estimates & forecasts, 2020-2030
  - 11.4.1.5. Power Capacity breakdown estimates & forecasts, 2020-2030
  - 11.4.1.6. Vehicle Type breakdown estimates & forecasts, 2020-2030
- 11.4.2. Canada Truck Refrigeration Unit Market
11.5. Europe Truck Refrigeration Unit Market Snapshot
- 11.5.1. U.K. Truck Refrigeration Unit Market
- 11.5.2. Germany Truck Refrigeration Unit Market
- 11.5.3. France Truck Refrigeration Unit Market
- 11.5.4. Spain Truck Refrigeration Unit Market
- 11.5.5. Italy Truck Refrigeration Unit Market
- 11.5.6. Rest of Europe Truck Refrigeration Unit Market
11.6. Asia-Pacific Truck Refrigeration Unit Market Snapshot
- 11.6.1. China Truck Refrigeration Unit Market
- 11.6.2. India Truck Refrigeration Unit Market
- 11.6.3. Japan Truck Refrigeration Unit Market
- 11.6.4. Australia Truck Refrigeration Unit Market
- 11.6.5. South Korea Truck Refrigeration Unit Market
- 11.6.6. Rest of Asia Pacific Truck Refrigeration Unit Market
11.7. Latin America Truck Refrigeration Unit Market Snapshot
- 11.7.1. Brazil Truck Refrigeration Unit Market
- 11.7.2. Mexico Truck Refrigeration Unit Market
11.8. Middle East & Africa Truck Refrigeration Unit Market
- 11.8.1. Saudi Arabia Truck Refrigeration Unit Market
- 11.8.2. South Africa Truck Refrigeration Unit Market
- 11.8.3. Rest of Middle East & Africa Truck Refrigeration Unit Market

Chapter 12. Competitive Intelligence

12.1. Key Company SWOT Analysis
- 12.1.1. Company 1
- 12.1.2. Company 2
- 12.1.3. Company 3
12.2. Top Market Strategies
12.3. Company Profiles
- 12.3.1. Utility Trailer Manufacturing Company
  - 12.3.1.1. Key Information
  - 12.3.1.2. Overview
  - 12.3.1.3. Financial (Subject to Data Availability)
  - 12.3.1.4. Product Summary
  - 12.3.1.5. Recent Developments
- 12.3.2. Denso Corporation
- 12.3.3. Thermo King
- 12.3.4. Carrier Global Corporation
- 12.3.5. Subros Ltd. Co.
- 12.3.6. Webasto SE
- 12.3.7. Mobile Climate Control
- 12.3.8. Daikin Industries, Ltd.
- 12.3.9. Sanden Corporation
- 12.3.10. Klinge Corporation

Chapter 13. Research Process

13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Truck Refrigeration Unit Market, report scope
TABLE 2. Global Truck Refrigeration Unit Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Truck Refrigeration Unit Market estimates & forecasts by Type 2020-2030 (USD Million)
TABLE 4. Global Truck Refrigeration Unit Market estimates & forecasts by Length 2020-2030 (USD Million)
TABLE 5. Global Truck Refrigeration Unit Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 6. Global Truck Refrigeration Unit Market estimates & forecasts by Power Source 2020-2030 (USD Million)
TABLE 7. Global Truck Refrigeration Unit Market estimates & forecasts by Power Capacity 2020-2030 (USD Million)
TABLE 8. Global Truck Refrigeration Unit Market estimates & forecasts by Vehicle Type 2020-2030 (USD Million)
TABLE 9. Global Truck Refrigeration Unit Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Truck Refrigeration Unit Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Truck Refrigeration Unit Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Truck Refrigeration Unit Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Truck Refrigeration Unit Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Truck Refrigeration Unit Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Truck Refrigeration Unit Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. Global Truck Refrigeration Unit Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. Global Truck Refrigeration Unit Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 18. Global Truck Refrigeration Unit Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 19. U.S. Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. U.S. Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. U.S. Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. Canada Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. Canada Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. Canada Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. UK Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. UK Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. UK Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. Germany Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. Germany Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. Germany Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. France Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. France Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. France Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Italy Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Italy Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Italy Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. Spain Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. Spain Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. Spain Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. RoE Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. RoE Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. RoE Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. China Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. China Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. China Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. India Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. India Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. India Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. Japan Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. Japan Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. Japan Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. South Korea Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. South Korea Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. South Korea Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. Australia Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. Australia Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. Australia Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. RoAPAC Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. RoAPAC Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. RoAPAC Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Brazil Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Brazil Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Brazil Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. Mexico Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. Mexico Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. Mexico Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. RoLA Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. RoLA Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoLA Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. Saudi Arabia Truck Refrigeration Unit Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 71. South Africa Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 72. RoMEA Truck Refrigeration Unit Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 73. List of secondary sources, used in the study of global Truck Refrigeration Unit Market
TABLE 74. List of primary sources, used in the study of global Truck Refrigeration Unit Market
TABLE 75. Years considered for the study
TABLE 76. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Truck Refrigeration Unit Market, research methodology
FIG 2. Global Truck Refrigeration Unit Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Truck Refrigeration Unit Market, key trends 2022
FIG 5. Global Truck Refrigeration Unit Market, growth prospects 2023-2030
FIG 6. Global Truck Refrigeration Unit Market, porters 5 force model
FIG 7. Global Truck Refrigeration Unit Market, pest analysis
FIG 8. Global Truck Refrigeration Unit Market, value chain analysis
FIG 9. Global Truck Refrigeration Unit Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Truck Refrigeration Unit Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Truck Refrigeration Unit Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Truck Refrigeration Unit Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Truck Refrigeration Unit Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Truck Refrigeration Unit Market, regional snapshot 2020 & 2030
FIG 15. North America Truck Refrigeration Unit Market 2020 & 2030 (USD Million)
FIG 16. Europe Truck Refrigeration Unit Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Truck Refrigeration Unit Market 2020 & 2030 (USD Million)
FIG 18. Latin America Truck Refrigeration Unit Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Truck Refrigeration Unit Market 2020 & 2030 (USD Million)