Truck Refrigeration Unit Market By Type (Roof Mount, Split ), By Trailer size (Below 20ft, 20-40ft, Above 40ft), By End-user (Food, Pharmaceutical, Chemical Industry, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

With the expansion of global trade and with consumers increasingly demanding fresh or temperature-sensitive products, it is especially important that perishable goods can be shipped reliably. To meet this demand, market for the truck refrigeration unit is vital in creating temperature-controlled shipping environments for food and pharmaceuticals as well as other goods which spoil easily. Now, the shipping of pharmaceuticals entails truck refrigeration units which require highly qualified professionals. According to Pharmaceutical Research and Manufacturers of America (PRMA), at least seven out of the top ten largest pharmaceutical firms in the U.S. use temperature-controlled transport. Also, the supply chain of the pharmaceutical industry involves several logistics operations extending from sourcing and delivery to end users.

Moreover, the precious drugs operated by pharmaceutical enterprises such as AbbVie Inc., McKesson Canada, and Eli Lilly & Company require expensive cold chain logistics to ensure stable transportation. For this reason, cold chain logistics service providers stressed maintaining constant temperature along the entire line of transport; even a 2-degree fluctuation can cause pharmaceuticals to go bad. In addition, with middle-class living standards on the rise, demand for truck refrigeration units looks set to expand further as an increasing variety and amount of frozen food becomes available. Moreover, the rise of fast-paced life and work every day as well as rapid lifestyle changes all have increased appetites for ready-to-eat or frozen foods. This is certainly driving up demand not only for the products themselves but also vegetables used to produce these food items. Therefore, these improvements in logistics and increased demand for frozen foods are propelling the growth of truck refrigeration technology.

Furthermore, the widespread adoption of industrial freezing has emerged as a crucial solution to address the challenges of insufficient food supply and the rampant wastage of perishable goods out of season. Governments around the world are increasingly concerned about the environmental impact of food waste and the strain on natural resources caused by the disposal of edible items. In response to this global issue, various organizations, including the U.S. Department of Agriculture (USDA), Cornell University, and the Food Marketing Institute, have collaborated to release guidelines and initiatives aimed at minimizing food waste and promoting efficient food storage practices.

Industrial freezing plays a pivotal role in this effort by allowing for the preservation of food for extended periods. This method not only helps in preventing spoilage and extending the shelf life of perishable items but also enables the availability of diverse food options throughout the year. The utilization of advanced technologies in industrial freezing ensures that the nutritional value and quality of the preserved food are maintained, contributing to sustainable food practices.

However, the excessive generation of food waste remains a significant challenge, prompting the need for innovative solutions. By adopting best practices outlined by institutions like the USDA and Cornell University, consumers are empowered with a wide range of options to minimize food waste and make informed decisions about storing food for later use. These practices include proper handling, storage, and utilization of frozen foods, allowing individuals to contribute to the reduction of food waste, environmental degradation, and the judicious use of natural resources. In essence, the integration of industrial freezing and informed consumer practices offers a comprehensive approach to mitigate the impact of food waste on both the environment and the global food supply chain.

The global truck refrigeration unit market is segmented into type, trailer size, end-user, and region. Depending on the type, the market is segregated into roof mount and split. By trailer size, it is categorized into below 20ft, 20-40ft, and above 40ft. As an end-user, it is fragmented into food pharmaceutical, chemical industry, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players covered in the report include Advanced Temperature Control, Carrier, Daikin, Denso, Mitsubishi Heavy Industries, Klinge Corporation, Subros, Thermo King, Utility Trailer Manufacturing Company, and Webasto Group.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the truck refrigeration unit market analysis from 2022 to 2032 to identify the prevailing truck refrigeration unit market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the truck refrigeration unit market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global truck refrigeration unit market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
SWOT Analysis

Key Market Segments

By Trailer size

Below 20ft
20-40ft
Above 40ft

By Type

Roof Mount
Split

By End-user

Others
Food
Pharmaceutical
Chemical Industry

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

DENSO CORPORATION
Webasto Group
Carrier
Thermo King
Subros Limited
MITSUBISHI HEAVY INDUSTRIES, LTD.
Utility Trailer Manufacturing Company, LLC.
DAIKIN INDUSTRIES, Ltd.,
Advanced Temperature Control
Klinge Corporation

Product Code: A05252

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increase in demand for advance temperature control and monitoring system in trucks
  - 3.4.1.2. Growth of the processed food sector and focus on reducing food waste
- 3.4.2. Restraints
  - 3.4.2.1. Environmental effects of refrigerants used
- 3.4.3. Opportunities
  - 3.4.3.1. Development of eco-friendly refrigerants

CHAPTER 4: TRUCK REFRIGERATION UNIT MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Roof Mount
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Split
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: TRUCK REFRIGERATION UNIT MARKET, BY TRAILER SIZE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Below 20ft
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. 20-40ft
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Above 40ft
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: TRUCK REFRIGERATION UNIT MARKET, BY END-USER

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Food
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Pharmaceutical
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Chemical Industry
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country

CHAPTER 7: TRUCK REFRIGERATION UNIT MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Trailer size
- 7.2.4. Market size and forecast, by End-user
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Type
  - 7.2.5.1.2. Market size and forecast, by Trailer size
  - 7.2.5.1.3. Market size and forecast, by End-user
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Type
  - 7.2.5.2.2. Market size and forecast, by Trailer size
  - 7.2.5.2.3. Market size and forecast, by End-user
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Type
  - 7.2.5.3.2. Market size and forecast, by Trailer size
  - 7.2.5.3.3. Market size and forecast, by End-user
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Trailer size
- 7.3.4. Market size and forecast, by End-user
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Market size and forecast, by Type
  - 7.3.5.1.2. Market size and forecast, by Trailer size
  - 7.3.5.1.3. Market size and forecast, by End-user
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Market size and forecast, by Type
  - 7.3.5.2.2. Market size and forecast, by Trailer size
  - 7.3.5.2.3. Market size and forecast, by End-user
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Type
  - 7.3.5.3.2. Market size and forecast, by Trailer size
  - 7.3.5.3.3. Market size and forecast, by End-user
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Market size and forecast, by Type
  - 7.3.5.4.2. Market size and forecast, by Trailer size
  - 7.3.5.4.3. Market size and forecast, by End-user
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Market size and forecast, by Type
  - 7.3.5.5.2. Market size and forecast, by Trailer size
  - 7.3.5.5.3. Market size and forecast, by End-user
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Trailer size
- 7.4.4. Market size and forecast, by End-user
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Type
  - 7.4.5.1.2. Market size and forecast, by Trailer size
  - 7.4.5.1.3. Market size and forecast, by End-user
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Type
  - 7.4.5.2.2. Market size and forecast, by Trailer size
  - 7.4.5.2.3. Market size and forecast, by End-user
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Type
  - 7.4.5.3.2. Market size and forecast, by Trailer size
  - 7.4.5.3.3. Market size and forecast, by End-user
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Type
  - 7.4.5.4.2. Market size and forecast, by Trailer size
  - 7.4.5.4.3. Market size and forecast, by End-user
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Type
  - 7.4.5.5.2. Market size and forecast, by Trailer size
  - 7.4.5.5.3. Market size and forecast, by End-user
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Trailer size
- 7.5.4. Market size and forecast, by End-user
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Market size and forecast, by Type
  - 7.5.5.1.2. Market size and forecast, by Trailer size
  - 7.5.5.1.3. Market size and forecast, by End-user
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Market size and forecast, by Type
  - 7.5.5.2.2. Market size and forecast, by Trailer size
  - 7.5.5.2.3. Market size and forecast, by End-user
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Market size and forecast, by Type
  - 7.5.5.3.2. Market size and forecast, by Trailer size
  - 7.5.5.3.3. Market size and forecast, by End-user

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Advanced Temperature Control
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Carrier
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Thermo King
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. DENSO CORPORATION
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Webasto Group
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. MITSUBISHI HEAVY INDUSTRIES, LTD.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Subros Limited
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Utility Trailer Manufacturing Company, LLC.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. DAIKIN INDUSTRIES, Ltd.,
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Klinge Corporation
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments