Market Research Report
Truck Refrigeration Unit - Global Market Outlook (2017-2026)
|Truck Refrigeration Unit - Global Market Outlook (2017-2026)|
Published: March 1, 2019
Stratistics Market Research Consulting
Content info: 138 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Truck Refrigeration Unit Market is accounted for $9.75 billion in 2017 and is expected to reach $17.56 billion by 2026 growing at a CAGR of 6.8% from 2017 to 2026. Some of the key factors influencing the market growth increasing demand for pharmaceutical industry, rising demand for safe, high-quality fresh goods and growing demand for refrigerated vehicles from the health care industry. However, high cost of installation is restraining the market growth.
A truck refrigeration unit is a cooling unit is used for trucks transportation and distribution of food materials, vegetables, ice-creams, chemicals, and pharmaceutical products. It is helpful in food transportation, along with several other industries for the safeguarding of the products. Also it is mounted externally on the trucks or installed on the inner side of vehicles and containers.
By Trailer & M&HCV, the Medium & Heavy Commercial Vehicles segment is anticipated to grow at the significant growth during the forecast period due to rising heavy trucks and increasing refrigerated for transportation of perishable goods. By Geography, Asia Pacific region is has the largest market share during the forecast period owing to increasing consumer demand for cold snacks in this region.
Some of the key players in this market include Daikin, Denso, Carrier (United Technologies), Mitsubishi Heavy Industries, Carrier (United Technologies), Subros, American Cooling Technology, Webasto, Klinge, Mobile Climate Control (VBG Group), Grayson Thermal System, Utility Trailer, Sanden, Schmitz and Sinclair Corporation.
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