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Global Truck Refrigeration Unit Market Analysis, Forecast: By Type: Roof Mount System, Split System; By Application: Frozen, Chilled; By Industry Vertical: Frozen Food, Pharma Drugs and Chemical, Ambulance and Passenger Transport; By Bus Length: Less than 8 Metres, Others; By Vehicle Type; Regional Analysis; Competitive Landscape; 2024-2032

Leading Manufacturers in the Truck Refrigeration Unit Market

 

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.

 

Truck Refrigeration Unit Market Report Snapshots

Truck Refrigeration Unit Market Size

Truck Refrigeration Unit Market Growth

Truck Refrigeration Unit Market Trends

Truck Refrigeration Unit Market Share

Truck Refrigeration Unit Manufacturers

Truck Refrigeration Unit Market Regional Analysis

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Truck Refrigeration Unit Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Truck Refrigeration Unit Historical Market (2018-2023) 
    8.3    Global Truck Refrigeration Unit Market Forecast (2024-2032)
    8.4    Global Truck Refrigeration Unit Market by Type
        8.4.1    Roof Mount System
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Split System
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Truck Refrigeration Unit Market by Application
        8.5.1    Frozen
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Chilled
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Truck Refrigeration Unit Market by Industry Vertical
        8.6.1    Frozen Food
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Pharma Drugs and Chemical
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Ambulance and Passenger Transport
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Truck Refrigeration Unit Market by Bus Length
        8.7.1    Less than 8 Metres
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    8 to 12 Metres
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    More than 12 Metres
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
    8.8    Global Truck Refrigeration Unit Market by Vehicle Type
        8.8.1    Light Commercial Vehicle (LCV)
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Medium and Heavy Commercial Vehicle (MHCV)
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Trailer (Container)
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
                8.8.3.2.1    20 Feet Trailer
                8.8.3.2.2    40 Feet Trailer
                8.8.3.2.3    Others    
    8.9    Global Truck Refrigeration Unit Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Truck Refrigeration Unit Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Truck Refrigeration Unit Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Truck Refrigeration Unit Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Truck Refrigeration Unit Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Truck Refrigeration Unit Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code: 841869)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Daikin Industries, Ltd.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    DENSO Corporation
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Thermo King Corporation
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    VBG Group AB
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Carrier Global Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Mitsubishi Heavy Industries Thermal Systems, Ltd.
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Truck Refrigeration Unit Market: Key Industry Highlights, 2018 and 2032
2.    Global Truck Refrigeration Unit Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Truck Refrigeration Unit Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Truck Refrigeration Unit Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Truck Refrigeration Unit Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Truck Refrigeration Unit Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
7.    Global Truck Refrigeration Unit Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
8.    Global Truck Refrigeration Unit Historical Market: Breakup by Bus Length (USD Billion), 2018-2023
9.    Global Truck Refrigeration Unit Market Forecast: Breakup by Bus Length (USD Billion), 2024-2032
10.    Global Truck Refrigeration Unit Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
11.    Global Truck Refrigeration Unit Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
12.    Global Truck Refrigeration Unit Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Truck Refrigeration Unit Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Truck Refrigeration Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Truck Refrigeration Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Truck Refrigeration Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Truck Refrigeration Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Truck Refrigeration Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Truck Refrigeration Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Truck Refrigeration Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Truck Refrigeration Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Truck Refrigeration Unit Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Truck Refrigeration Unit Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Major Importing Countries by Volume
25.    Major Exporting Countries by Volume
26.    Major Importing Countries by Value
27.    Major Exporting Countries by Value
28.    Global Truck Refrigeration Unit Market Structure

Key Questions Answered in the Report

The market is estimated to be valued at USD 13.55 billion in 2023.

The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.

The revenue generated from the truck refrigeration unit market is expected to reach USD 21.43 billion in 2032.

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.

Analyst Review

The global truck refrigeration unit market attained a value of about USD 13.55 billion in 2023, driven by the rising consumer demand for frozen food and fresh vegetables. Aided by the shift in customer preference and exports of perishable goods, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.2% to record a value of nearly USD 21.43 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is categorised into roof mount system and split system. On the basis of application, the market can be divided  frozen and chilled. The market, based on industry verticals, can be classified  into frozen food, pharma drugs and chemical, ambulance and passenger transport. Based on bus length, the market is divided into less than 8 metres, 8 to 12 metres, and more than 12 metres. The different vehicle types in the market are light commercial vehicle (LCV), medium and heavy commercial vehicle (MHCV), and trailer (container).  The major regional markets for truck refrigeration unit are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Daikin Industries, Ltd., DENSO Corporation, Thermo King Corporation, VBG Group AB, Carrier Global Corporation, and Mitsubishi Heavy Industries Thermal Systems, Ltd., among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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