Global Truck Refrigeration Unit Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vehicle;

LCV, M&HCV, Trailer (Container), and Bus.

By Type;

Split System and Roof Mount System.

By Application;

Frozen and Chilled.

By Industry Vertical;

Frozen Food, Pharma Drugs & Chemicals, and Ambulance & Passenger Transport.

By Bus Length;

Less Than 8 meters, 8-12 meters, and More Than 12 meters.

By Size;

20-Feet and 40-Feet.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn588990742 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Truck Refrigeration Unit Market (USD Million), 2021 - 2031

In the year 2024, the Global Truck Refrigeration Unit Market was valued at USD 15,685.41 million. The size of this market is expected to increase to USD 22,969.07 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

The global truck refrigeration unit market is experiencing steady growth, driven by the increasing demand for refrigerated transportation across various industries, including food, pharmaceuticals, and chemicals. The need to maintain specific temperature conditions during transportation has become critical for preserving the quality, safety, and shelf-life of perishable goods. As global trade and e-commerce continue to expand, particularly in the food and pharmaceutical sectors, there is a rising demand for temperature-controlled trucks to ensure the safe delivery of temperature-sensitive products. Additionally, the growing adoption of strict food safety regulations and standards across regions has further fueled the demand for truck refrigeration units, as these vehicles play a vital role in maintaining compliance with temperature control requirements.

The market for truck refrigeration units is also being influenced by advancements in refrigeration technology, with manufacturers focusing on developing more energy-efficient and environmentally friendly solutions. The push for reduced emissions and increased energy efficiency has led to the development of refrigeration systems that utilize alternative refrigerants with lower global warming potential (GWP). Additionally, innovations such as electric-powered refrigeration units and solar-powered refrigeration systems are gaining traction as businesses and governments look for sustainable solutions to reduce the carbon footprint of refrigerated transportation. These advancements not only contribute to environmental sustainability but also help fleet operators reduce operating costs by improving fuel efficiency and reducing maintenance requirements.

Geographically, North America and Europe are the largest markets for truck refrigeration units due to the established logistics infrastructure, stringent regulations, and high demand for refrigerated transport in industries such as food and healthcare. However, emerging markets in Asia-Pacific, particularly China and India, are expected to experience rapid growth in the coming years as their economies continue to develop, and the demand for refrigerated transport increases with the expansion of the retail and food industries. As these regions modernize their infrastructure and regulatory frameworks, the truck refrigeration unit market will continue to expand, driven by both established players and new market entrants offering innovative, cost-effective solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Industry Vertical
    5. Market Snapshot, By Bus Length
    6. Market Snapshot, By Size
    7. Market Snapshot, By Region
  4. Global Truck Refrigeration Unit Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Temperature-Controlled Transportation in Food and Pharmaceutical Sectors

        2. Expansion of E-Commerce and Online Grocery Delivery Services

        3. Increasing Focus on Food Safety Regulations and Compliance

        4. Advancements in Refrigeration Technology and Energy Efficiency

        5. Rising Demand for Sustainable and Eco-Friendly Refrigeration Solutions

      2. Restraints
        1. High Initial Investment and Maintenance Costs for Refrigerated Units

        2. Limited Availability of Charging Infrastructure for Electric Refrigeration Units

        3. Fluctuating Raw Material Prices and Supply Chain Challenges

        4. Stringent Regulatory Compliance and Safety Standards

        5. Operational Challenges in Harsh and Remote Geographical Areas

      3. Opportunities
        1. Increasing Demand for Refrigerated Transportation in Emerging Markets (Asia-Pacific, Africa)
        2. Growth of Cold Chain Logistics and Infrastructure Development in Developing Regions
        3. Technological Innovations in Solar and Electric-Powered Refrigeration Units
        4. Expansion of the Pharmaceutical and Healthcare Industries Requiring Temperature-Controlled Transport

        5. Rising Adoption of Smart Refrigeration Units with IoT and Telemetry Features

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Truck Refrigeration Unit Market, By Vehicle, 2021 - 2031 (USD Million)
      1. LCV
      2. M&HCV
      3. Trailer
        1. Container
      4. Bus
    2. Global Truck Refrigeration Unit Market, By Type, 2021 - 2031 (USD Million)
      1. Split System
      2. Roof Mount System
    3. Global Truck Refrigeration Unit Market, By Application, 2021 - 2031 (USD Million)
      1. Frozen
      2. Chilled
    4. Global Truck Refrigeration Unit Market, By Industry Vertical, 2021 - 2031 (USD Million)
      1. Frozen Food
      2. Pharma Drugs & Chemicals
      3. Ambulance & Passenger Transport
    5. Global Truck Refrigeration Unit Market, By Bus Length, 2021 - 2031 (USD Million)
      1. Less Than 8 meters
      2. 8-12 meters
      3. More Than 12 meters
    6. Global Truck Refrigeration Unit Market, By Size, 2021 - 2031 (USD Million)
      1. 20-Feet
      2. 40-Feet
    7. Global Truck Refrigeration Unit Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Denso

      2. Carrier

      3. Thermo King

      4. Daikin

      5. Webasto

      6. Mitsubishi Heavy Industries

      7. Mobile Climate Control (VBG Group)

      8. Subros

      9. Sanden

      10. Utility Trailer

  7. Analyst Views
  8. Future Outlook of the Market