The global truck refrigeration unit market reached a value of about USD 14.25 Billion in 2025. The market is further expected to grow at a CAGR of 5.20% in the forecast period of 2026-2035 to reach nearly USD 23.66 Billion by 2035.
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As per the United States Census Bureau, frozen food manufacturing generated sales, shipments, receipts, and production amounting to $32,376,184 in 2021.
According to Destatis, road transport by national lorries in Germany reached 2,954,735 in 2022.
According to ABS, the percentage of fresh, frozen, or canned fruit in 2022-23 stood at 67.7%, favouring the demand for truck refrigeration units.
Compound Annual Growth Rate
5.2%
Value in USD Billion
2026-2035
*this image is indicative*
Rising consumer demand for frozen food and fresh produce propels the global market for truck refrigeration unit. Essential for maintaining food freshness, and pharmaceuticals during transport, these units are increasingly utilized. Expansion of supermarkets and quick-service restaurants like Burger King, Subway, Taco Bell, KFC, and Pizza Hut further stimulates market growth.
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Subway® saw a 9.2% surge in same-store sales compared to the previous year and a significant 29.1% increase from 2020. Meanwhile, Chipotle Mexican Grill, a fast-casual dining chain, reported $9.9 billion in total revenue for 2023, marking a 14.3% rise compared to the prior year.
Rising demand for perishables, increasing electrification efforts, regulatory compliance, customization, and modular designs are the major trends impacting the truck refrigeration unit market growth.
Increasing consumer desire for fresh and frozen food drives demand for reliable temperature-controlled transport, fuelling growth in the cold chain logistics sector.
Electric transport refrigeration units are challenging traditional diesel-powered ones, offering greater environmental sustainability and operational cost-effectiveness.
Regulatory pressures drive refrigeration unit innovation. Manufacturers prioritise designs meeting standards for safety, emissions, and noise while ensuring performance reliability.
Customers demand customisable refrigeration units. Modular designs enjoy popularity for simpler installation, maintenance, and upgrades, aligning with evolving needs.
As the demand for perishable goods and pharmaceuticals rises, efficient cold-chain logistics become crucial. Truck refrigeration units are adapting to provide superior temperature control, enhanced insulation, and optimized airflow, ensuring cargo integrity during transit.
Moreover, truck refrigeration units are integrating telematics and IoT technologies for real-time monitoring of temperature, location, and performance. This enables fleet managers to optimize routes, uphold cold chain integrity, and enhance overall efficiency.
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“Global Truck Refrigeration Unit Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Industry Vertical
Market Breakup by Bus Length
Market Breakup by Vehicle Type
Market Breakup by Region
Frozen applications support the demand for truck refrigeration units, as they help maintain lower temperatures, making it easier to transport a variety of goods such as frozen foods, ice cream, and specialized pharmaceuticals
Frozen transportation stops microbial growth, preserving product quality and extending shelf life. It broadens market reach, offers diverse product options, provides seasonal flexibility, reduces food waste, enhances operational efficiency, and ensures regulatory compliance.
Chilled transportation maintains freshness, extends shelf life, preserves quality, and broadens market reach. It supports product diversity, enhances consumer satisfaction, reduces food waste, and ensures regulatory compliance in perishable goods supply chains.
Pharma drugs and chemical products are significant contributors to the truck refrigeration unit market revenue
Refrigerated transportation upholds drug efficacy and integrity, ensuring regulatory adherence, extending shelf life, improving supply chain efficiency, mitigating risks, ensuring product safety, and broadening market access for pharmaceuticals and chemicals.
Frozen transportation extends product shelf life, maintains quality, broadens market reach, offers product diversity, enables seasonal flexibility, minimizes waste, enhances efficiency, and ensures regulatory compliance in the food industry.
The report gives a detailed analysis of the following key players in the global truck refrigeration unit market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
Founded in 1924 and headquartered in Osaka, Japan, Daikin Industries, Ltd. is a renowned global leader in air conditioning, heating, ventilation, and refrigeration systems, recognized for its innovative technology and sustainable solutions worldwide.
Established in 1949 and based in Kariya, Japan, DENSO Corporation is a prominent supplier of automotive technology and components, specializing in advanced systems for vehicles to enhance safety, efficiency, and environmental sustainability.
Founded in 1938 and headquartered in the USA, it is a pioneer in transport temperature control. It manufactures innovative systems for trucks, trailers, and railcars, ensuring the integrity of temperature-sensitive cargo worldwide.
Established in 1951 and located in Sweden, it is a global provider of products and services for the truck and trailer industry. It offers advanced coupling systems and solutions to optimize safety and efficiency.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players operating in the truck refrigeration unit market are Carrier Global Corporation, and Mitsubishi Heavy Industries Thermal Systems, Ltd., among others.
Asia Pacific dominates the market with the heightened demand for transporting perishable goods like food, pharmaceuticals, and healthcare products.
The Asia Pacific region significantly contributes to market growth due to high consumption rates of frozen and chilled products, driven by factors like changing lifestyles, e-commerce expansion, increased spending power, and convenience needs.
Domino's annual report indicated that as of January 1, 2023, there were 1,758 Domino's stores in India, driving demand for truck refrigeration units due to the necessity of transporting frozen and chilled food materials.
Additionally, rising investments in India and China's food service sectors to upgrade cold storage facilities and in smart city development across countries like China and India further spur demand for truck refrigeration units for transporting food, chemicals, and pharmaceuticals, fuelling market expansion.
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The market is estimated to be valued at USD 14.25 Billion in 2025.
The market is projected to grow at a CAGR of 5.20% between 2026 and 2035.
The revenue generated from the truck refrigeration unit market is expected to reach USD 23.66 Billion in 2035.
The market is categorised according to the type, which includes roof mount systems and split systems.
The market key players are Daikin Industries, Ltd., DENSO Corporation, Thermo King Corporation, VBG Group AB, Carrier Global Corporation, and Mitsubishi Heavy Industries Thermal Systems, Ltd., among others.
Based on the application, the market is divided into frozen and chilled.
Based on the industry vertical, the market is divided into frozen food, pharma drugs and chemical, and ambulance and passenger transport.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Industry Vertical |
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| Breakup by Bus Length |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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