Truck Refrigeration Unit Market Quantitative Market Analysis, Current and Future Trends 2019-2028 | Daikin, Carrier, Thermo King, Denso Corporation

Truck Refrigeration Unit Market is estimated to reach USD XX billion by 2028

The truck refrigeration unit market is projected to record high demand during the forecast period with increasing demand during the forecast period from major end-use industries such as food, pharmaceuticals, chemicals, and others.

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Increasing demand for frozen food items will fuel market growth. The demand for frozen food and vegetables is growing rapidly, as the products are available throughout all seasons. Therefore, technological advances in cooling systems are also expected to drive market growth.

Truck refrigeration is used during transport to protect products sensitive to temperature. The main objective is to avoid the heat from reaching the refrigerated trailer to maintain an acceptable temperature. Goods such as vegetables, fish, fruits, medicines are transported in refrigerated trucks because they require a certain temperature in order to maintain and stay fresh.

Segmentation for better understanding of this market and its growth prospects:

There are two types of refrigeration, roof-mounted, and split, in trucks. Some types of trucks refrigerate for cold food at temperatures from 1.5 to 4 Celsius, and for frozen food up to -18o Celsius.
In the forecast period, the 20-feet trailer segment is expected to be the largest and fastest growing market for trailer refrigeration units. The 20-feet trailers offer low-cost advantages, improved fuel efficiency, improved power and maneuverability among others.

In addition, the healthcare industry is seeing increasing demand for refrigerated trucks. Stricter government rules are expected to drive market growth for improving the quality of health care products.

Key Factors Impacting Market Growth:

o Increasing demand for refrigerated trucks in the healthcare industry
o High consumption of frozen foods in the Asia Pacific region
o Demand for fresh food

Regional segmentation and analysis to understand growth patterns:

North America, Western Europe, and Asia Pacific are prominent regions that are estimated to dominate the truck refrigeration unit market in terms of market demand.

Due to the highest consumption of frozen and chilled items the Asia Pacific region is expected to lead the truck refrigeration market during the forecast period. Changing lifestyles, growing spending power and demand for convenience, among others, drive the frozen food, snacks, fresh vegetables market which, in effect, drives the refrigeration unit market in this region. China, Japan, India, and South Korea have been some of the major countries for the truck refrigeration unit market in the Asia Pacific region.

With many multinational manufacturers based in that country, North America and Western Europe were traditional markets for the automotive sector. In these regions, the automotive sector has been competitive in terms of technological advances and products. The demands for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the truck refrigeration unit market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the truck refrigeration unit market in the region.
With the development of the region's automotive sector the Middle East offers a strong market opportunity. Countries including the UAE, Saudi Arabia, Qatar and Iran have, over the past few decades, diversified the industrial sector to boost the economy. During the forecast period, other regions like Eastern Europe, South America, and Africa are projected at emerging markets with increasing demand.

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The report provides insights about activities of top companies like:

Daikin, Carrier, Thermo King, Denso Corporation, Mobile Climate Control, Sanden, Webasto, and others

Market Segmentation:

By Type:
o Roof-Mounted
o Split

By Trailer Size:
o 20 ft
o 40 ft

By End-use Industry:
o Food Industry
o Pharmaceuticals
o Chemical Industry
o Others

By Length:
12

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Type
o By Trailer Size
o By End-Use industry
o By Length

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Trailer Size
o By End-Use industry
o By Length

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Trailer Size
o By End-Use industry
o By Length

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Trailer Size
o By End-Use industry
o By Length

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Trailer Size
o By End-Use industry
o By Length

o Rest of the World
o By Region ( South America, Africa)
o By Type
o By Trailer Size
o By End-Use industry
o By Length

Reasons To Buy This Report:

o Market size estimation of the truck refrigeration unit market on a regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.