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Pulished Date February, 2021
ID: 11221
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Truck Refrigeration Unit Market Segmentation By Type (Split, Roof Mount), By Application (Frozen, Chilled), By Industry (Frozen Food, Pharma Drugs and Chemicals, Ambulance and Passenger Transport), By Bus Length (8 Meter, 8-12 Meter, 12 Meter), By Vehicle Type (Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Trailer, Bus) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: February, 2021
ID: 11221
Pages: 175

Truck Refrigeration Unit Market Size, Trends & Growth (2021 - 2026)

Truck refrigeration units are control devices that allow trailers to cool down or warm up when turned on or off. These are special trucks equipped with various systems of refrigeration units, designed to transport perishable products while maintaining the temperature. As a cooling agent, carbon dioxide in the form of ice or liquid is used to preserve products such as frozen fruits, seafood, meats, dairy products, and vegetables, as they require an ideal temperature to maintain.

An important application of refrigeration is food preservation. Cold chains play a crucial role in the refrigerated and frozen food industry. They help preserve produce during transport from farm to consumer by providing transport refrigeration. Refrigerated trucks and trailers are used to handle food under proper conditions. These types of vehicles are refrigerated at temperatures of 1.5 to 4 ° C for cold food and -18 ° C for frozen food. In lightweight of the growing demand for cold chain provision, the reefer business is proliferating and apace influencing the globalization of food safety and life sciences. The surge in the worldwide cold logistics has increased the demand and adoption of truck refrigeration units in the last few years years.

Recent Developments:

  • After more than two years of research and development, Daikin Reefer introduced a new reefer container machine design to meet the demands of carriers and shippers for low energy consumption and greenhouse gas emissions. greenhouse while providing precise cooling performance for both refrigerated and frozen cargo.
  • Three new models have been added to Carrier Transicold's next-generation Supra® series of diesel engine truck refrigeration units, providing more powerful cooling options for small and large trucks.
  • Thermo King utilized its zone at Mid-America transportation to present four new truck items, a specialized instrument for all Thermo King Reasonable Reefers.
  • Thermo King and Frigoblock Electrify Transport Refrigeration with the most recent technologies launched.

The impact of COVID-19 in the global truck refrigeration market:

The temporary shutdown of manufacturing units as part of controlling coronavirus transmission through lockdown in several nations has resulted in declined sales in the truck refrigeration market. With the lifting lockdown conditions, the market is supposed to reach its normal levels in the coming years.

Drivers and Restraints of Truck Refrigeration Unit Market:

Drivers:

An increase in consumer demand for high quality and safe fresh produce is likely to be a major driver for the global Truck Refrigeration Unit market during the forecast period. In addition, increased opportunities for food producers and increased distances between warehouses and consumers are likely to drive the demand for refrigerated trucks, which is expected to drive the market for truck refrigeration units. Also, an increased demand for refrigerated vehicles from the healthcare industry to provide adequate controlled temperature, hygiene and safety is expected to drive the business. Furthermore, the governments of different countries are implementing strict regulations for pharmaceutical products in order to improve their quality. This is expected to drive the global truck refrigeration unit market for years to come.

Restraints:

Additionally, factors restraining the growth of the global truck refrigeration unit market include growing health concerns regarding the consumption of frozen fruits and vegetables. In addition, in the event of a major vehicle breakdown, perishable goods in the vehicle are damaged.

Truck Refrigeration Unit Market Segmentation:

By Application:

• Frozen

• Chilled

 By Type:

• Split

• Roof Mount

Rooftop cooling units provide superior performance at lower noise levels in all types of operating conditions. Additionally, the roof mount cooling units consume less fuel and optimize system performance.

By Industry:

• Frozen Food

• Pharma Drugs & Chemicals

• Ambulance & Passenger Transport

The food and refreshment fragment is probably going to rule the truck refrigeration unit market during the conjecture period. An expansion sought after for frozen and refrigerated food and drinks for home conveyance is probably going to drive the food and refreshment section in the coming years. Additionally, augmented demand for on-line food delivery services from restaurants and supermarkets is probably going to drive demand for truck refrigeration units within the coming years.

By Bus Length:

• <8-Meter

• 8–12-Meter

• >12-Meter

By Vehicle Type:

• Light Commercial Vehicle (LCV)

• Medium & Heavy Commercial Vehicle (M&HCV)

• Trailer (Container)

• Bus

An increase in grocery deliveries, augmented awareness among farmers, and increased demand for cold chains are probably to drive demand for vans and lightweight trucks. This is estimated to increase the use of light commercial vehicles during the foreseen period. The demand for lightweight business vehicles is principally because of the enlargement of the e-commerce sector and also the adoption of cold trucks by farmers on a bigger scale. This is estimated to increase the light commercial vehicle segment over the forecast period.

Truck Refrigeration Unit Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America keeps on being the hotbed of chance for companies in activity inside the truck refrigeration unit market. Expanded focal point of North American deals offices, affiliations and associations on virus chain network advancement through an improved administrative structure, empowering spending on the improvement of supporting foundation for chain organizations. Cold and profoundly gifted labor force, which help in the advancement of market development. Europe, closely followed by North America, has dominated the global truck refrigeration unit market, due to the region's strong focus on reducing greenhouse gas emissions by an attractive percentage., while strengthening food security. Many products are shipped cold because they are temperature sensitive, which in turn has created traction for a reliable cold chain to maintain quality and safety in storage, handling, and transportation. Since electric refrigeration causes the loss of 360 million tons of food per year worldwide, it is very likely that the development and demand for truck refrigeration units with technology will grow significantly in the coming years. 

Key Players of Market:

The major players profiled in the global truck refrigeration unit market are Daikin (Japan), Carrier (U.S.), Thermo King (U.S.), Denso (Japan), Webasto (Germany), Mobile Climate Control (Sweden), Subros (India), Sanden (Japan), Klinge (U.S.), and Utility Trailer (U.S.), and others.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Truck Refrigeration Unit Market, By Type             

                    6.1.1 Split    

                    6.1.2 Roof Mount   

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Truck Refrigeration Unit Market, By Application              

                    6.2.1 Frozen 

                    6.2.2 Chilled 

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Truck Refrigeration Unit Market, By Industry                  

                    6.3.1 Frozen Food  

                    6.3.2 Pharma Drugs and Chemicals       

                    6.3.3 Ambulance    

                    6.3.4 Passenger Transport

                    6.3.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.6 Y-o-Y Growth Rate Analysis         

                    6.3.7 Market Attractiveness Index         

          6.4 Truck Refrigeration Unit Market, By Bus Length              

                    6.4.1 8 Meter         

                    6.4.2 8-12 Meter    

                    6.4.3 12 Meter       

                    6.4.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.5 Y-o-Y Growth Rate Analysis         

                    6.4.6 Market Attractiveness Index         

          6.5 Truck Refrigeration Unit Market, By Vehicle Type            

                    6.5.1 Light Commercial Vehicle   

                    6.5.2 Medium and Heavy Commercial Vehicle  

                    6.5.3 Trailer 

                    6.5.4 Bus     

                    6.5.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.5.6 Y-o-Y Growth Rate Analysis         

                    6.5.7 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By Industry    

                    7.2.5 By Bus Length

                    7.2.6 By Vehicle Type        

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By Industry    

                    7.3.5 By Bus Length

                    7.3.6 By Vehicle Type        

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By Industry    

                    7.4.5 By Bus Length

                    7.4.6 By Vehicle Type        

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By Industry    

                    7.5.5 By Bus Length

                    7.5.6 By Vehicle Type        

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By Industry    

                    7.6.5 By Bus Length

                    7.6.6 By Vehicle Type        

8. Key Player Analysis                           

          8.1 Daikin              

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Carrier              

          8.3 Thermo King              

          8.4 Denso              

          8.5 Webasto           

          8.6 Mobile Climate Control                   

          8.7 Subros             

          8.8 Sanden             

          8.9 Klinge              

          8.10 Utility Trailer             

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Truck Refrigeration Unit Market By Region, From 2021-2026 ( USD Billion )
  2. Global Truck Refrigeration Unit Market By Type, From 2021-2026 ( USD Billion )
  3. Global Split Market By Region, From 2021-2026 ( USD Billion )
  4. Global Roof Mount Market By Region, From 2021-2026 ( USD Billion )
  5. Global Truck Refrigeration Unit Market By Application, From 2021-2026 ( USD Billion )
  6. Global Frozen Market By Region, From 2021-2026 ( USD Billion )
  7. Global Chilled Market By Region, From 2021-2026 ( USD Billion )
  8. Global Truck Refrigeration Unit Market By Industry, From 2021-2026 ( USD Billion )
  9. Global Frozen Food Market By Region, From 2021-2026 ( USD Billion )
  10. Global Pharma Drugs and Chemicals Market By Region, From 2021-2026 ( USD Billion )
  11. Global Ambulance Market By Region, From 2021-2026 ( USD Billion )
  12. Global Passenger Transport Market By Region, From 2021-2026 ( USD Billion )
  13. Global Truck Refrigeration Unit Market By Bus Length, From 2021-2026 ( USD Billion )
  14. Global 8 Meter Market By Region, From 2021-2026 ( USD Billion )
  15. Global 8-12 Meter Market By Region, From 2021-2026 ( USD Billion )
  16. Global 12 Meter Market By Region, From 2021-2026 ( USD Billion )
  17. Global Truck Refrigeration Unit Market By Vehicle Type, From 2021-2026 ( USD Billion )
  18. Global Light Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  19. Global Medium and Heavy Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  20. Global Trailer Market By Region, From 2021-2026 ( USD Billion )
  21. Global Bus Market By Region, From 2021-2026 ( USD Billion )

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