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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.
Base Year
Historical Period
Forecast Period
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.
Daikin Industries, Ltd.
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.
DENSO Corporation
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.
Thermo King Corporation
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.
VBG Group AB
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.
Other players operating in the truck refrigeration unit market are Carrier Global Corporation, and Mitsubishi Heavy Industries Thermal Systems, Ltd., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124