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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Truck Refrigeration Unit Market Size
The global truck refrigeration unit market reached a value of about USD 13.55 billion in 2023. The market is further expected to grow at a CAGR of 5.2% in the forecast period of 2024-2032 to reach nearly USD 21.43 billion by 2032.
Truck Refrigeration Unit Market Outlook
- As per the United States Census Bureau, frozen food manufacturing generated sales, shipments, receipts, and production amounting to $32,376,184 in 2021.
- According to Destatis, road transport by national lorries in Germany reached 2,954,735 in 2022.
- According to ABS, the percentage of fresh, frozen, or canned fruit in 2022-23 stood at 67.7%, favouring the demand for truck refrigeration units.
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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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