Global Truck Refrigeration Unit Market was valued US$ 9.8Bn in 2017 and is expected to reach US$ 16.2Bn by 2026 at a CAGR of 6.48%.




Global Truck Refrigeration Unit Market




The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global truck refrigeration unit market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global truck refrigeration unit market.




The increasing LCV sales globally and growing demand for frozen and chilled goods all over the world are anticipated to drive the truck refrigeration unit market. The opportunity of truck refrigeration unit market, growing the sales of electric buses and technological innovation in refrigerated system and equipment. Though, cabin comfort norms are acting as restraints for the refrigeration unit market as cabin comfort is no more an optional technology for trucks, mostly in developed regions.




Frozen foods industry sub-segment is dominating the market. The suppliers offer numerous temperature variations options ranging from -25-degree centigrade to +5 degree centigrade. Hence it becomes useful for a variety of items for instance meat, ice-cream, dairy products, and frozen snacks. So, owing to changing consumer preferences and cross-culture diversification, the frozen packed eatable items market is anticipated to grow globally that would consequently boost the LCVs refrigeration units market to cater to the requirement for frozen foods.




The roof mount system sub-segment is expected to grow at the fastest rate in the LCV refrigeration unit market by type. The roof mount system segment is estimated to be the fastest light commercial vehicle refrigeration unit market throughout the forecast period. The reasons attributed to the growth of this system are improved operational efficiency, simple working mechanism, lightweight, compact size, and low maintenance cost among others.




Region-wise, the Asia Pacific is projected to be the largest truck refrigeration unit market during the forecast period. The Asia Pacific region is expected to lead in the truck refrigeration market during the forecast period owing to the presence of countries such as India, China, & Japan, which have a considerable consumption of frozen and chilled products. Countries that are India and China are trying to increase their cold storage infrastructure in order to prevent wastage of items.




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Scope of Global Truck Refrigeration Unit Market




Global Truck Refrigeration Unit Market, by Type




Split
Roof Mount

Global Truck Refrigeration Unit Market, by Application




Frozen
Chilled

Global Truck Refrigeration Unit Market, by Industry




Frozen Food
Pharma Drugs & Chemicals
Ambulance & Passenger Transport

Global Truck Refrigeration Unit Market, by Bus length




12-Meter

Global Truck Refrigeration Unit Market, by Vehicle type




Light Commercial Vehicle (LCV)
Medium & Heavy Commercial Vehicle (M&HCV)
Trailer (Container)
Bus

Global Truck Refrigeration Unit Market, by Region




North America
Europe
Asia Pacific
Middle East and Africa
South America

Key players operating in Global Truck Refrigeration Unit Market




Denso
Carrier (United Technologies)
Thermo King (Ingersoll Rand)
Daikin
Webasto
Mitsubishi Heavy Industries
Mobile Climate Control (VBG Group)
Subros
Sanden
Utility Trailer
Additional Cps
Lamberet
Guchen
Wabash National
MHI
Chereau
Great Dane
Zanotti
Kingtec
FRIGOBLOCK
GAH Refrigeration
Morgan
Sainte Marie




 

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