Global Refrigerated Trucks Market Research Report and Analysis Data by Forecast 2024-2032
Refrigerated Trucks Market Size, Industry Analysis By Type (Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), and Heavy Commercial Vehicle (HCV)), By Tonnage Capacity (Less than 10 tons, 10-20 tons, and More than 20 tons), By Application (Food and Beverages, Pharmaceuticals, Chemicals, and Others) – Global, Trends, Share And Forecast 2023-2030

Refrigerated Trucks Market Size, Industry Analysis By Type (Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), and Heavy Commercial Vehicle (HCV)), By Tonnage Capacity (Less than 10 tons, 10-20 tons, and More than 20 tons), By Application (Food and Beverages, Pharmaceuticals, Chemicals, and Others) – Global, Trends, Share And Forecast 2023-2030

All updated as on - In 2022, the market for refrigerated trucks was estimated to be worth USD 3.10 billion. During the projection period (2023 - 2030), the Refrigerated Truck industry is anticipated to expand from USD 3.14 billion in 2023 to USD 6.10 billion. This represents a compound yearly growth rate (CAGR) of 7.90%. To prevent food loss, potential health hazards, and the trade of perishable goods—which are the main market drivers boosting market growth—temperature regulation is becoming more and more essential.

 Refrigerated Trucks Market Research

The refrigeration system in these specially constructed trucks, commonly referred to as reefer trucks or refrigerated trucks, allows them to deliver perishables at controlled temperatures. Refrigerated trucks are likely to dominate the market as they are used mostly in the cold chain logistics sector to deliver commodities and other materials that are temperature-sensitive, such as fresh produce, frozen foods, pharmaceuticals, and other goods.

A refrigerant that regulates the internal temperature and air conditioning cargo systems are common features of chilled trucks. To maintain acceptable temperatures, the cooling system can make use of a range of technologies, such as vapor-compression or absorption systems. In order to assure quality control and propel the market for refrigerated trucks, some modern refrigerated trucks also include features like high-temperature zones, telematics real-time temperature monitoring system, and temperature recording devices. The market for refrigerated trucks has expanded significantly in recent years due to the increased need for temperature-controlled transportation across a variety of industries. Across regions including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, it serves the demands of both domestic and international transportation.

India's food processing business has experienced quick expansion as a result of shifting customer preferences, urbanization, and rising disposable incomes. Effective cold chain logistics, particularly refrigerated trucks, are essential to maintaining the quality and freshness of these products during transportation as the demand for processed and frozen food rises. Fruits, vegetables, seafood, and dairy products are among the perishable goods that are produced and exported in great numbers in the nation. To meet international requirements and guarantee the sustainability of these shipments, refrigerated vehicles are necessary. Additionally, as the domestic demand for perishable items increases, so does the need for refrigerated transportation across the nation.

The price of buying and maintaining refrigerated trucks is much higher than that of conventional vehicles since they need specialized cooling systems and insulation. Small and medium-sized firms might be deterred from entering the market or expanding their current fleets as a result of the hefty initial expenditure, which would constrain market expansion.

The food industry would experience huge losses without the availability of refrigerated transportation since the food goods would decay even before they reached the end consumers. Many products that are ready for consumption but were produced in areas that are very far from the site of consumption have a high need for refrigerated transportation. The availability of refrigeration vans and trucks helps distribute gods in a state suited for consumption. Refrigerated shipping is particularly useful for the environment because it reduces waste. These vehicles help to keep the goods fresh. The need for refrigerated shipping is growing as more firms search for this type of delivery for their products. Since the dietary components of pharmaceutical products are retained as best as possible, the nutrients in these foods are unaffected.

Due to customers' growing awareness of the value of eating nutritious foods and the abundance of available goods, the usage of these delivery vehicles is necessary. The growth of the economy depends on these trucks. The transportation trucks' essential function is to deliver various items to all regions of the country. The employment of these refrigerated vans is seen by the local government and businesses as being particularly advantageous because it helps to boost profits while retaining the freshness of the supplied commodities. Utilizing a transportation technique is essential for enterprises. The caliber of an organization's product line determines how successful it will be. It is possible to monitor the contents of refrigerator trucks or vans and make any necessary temperature adjustments. Furthermore, it simplifies delivery to the end user's locations. Over the course of the forecast period, the market for refrigerated transport is projected to grow as a result of all of these factors.

Report Coverage

Global Refrigerated Trucks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Refrigerated Trucks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Refrigerated Trucks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Refrigerated Trucks market players and analyses their core competencies in each global market sub-segments.

REPORT ATTRIBUTESDETAILS
Study Period

2017-2030

Base Year

2022

Forecast Period

2022-2030

Historical Period

2017-2021

Unit

Value (USD Billion)

Key Companies Profiled

Kögel Trailer GmbH & Co.KG, Hyundai Translead. Inc., Wabash National, Fahrzeugwert Bernard Krone Gmbh & Co.KG, China International Marine Containers (Group) Ltd., GRW Tankers and Trailers, Lamberet SAS, Great Dane LLC, Chereau, and Schmitz Cargobull AG, Ice Make Refrigeration Limited, JCBL Limited, KOLD SEAL, Motherson Sumi System Ltd, Subros Limited, Surin International Private Limited, Tata Motors Limited, Trane Technologies India Pvt Ltd, Others

Segments Covered

• By Product
• By Application
• By Geography

Customization Scope

Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope



Key Points Covered in the Report

  • Market Revenue of Refrigerated Trucks Market from 2021 to 2030.

  • Market Forecast for Refrigerated Trucks Market from 2021 to 2030.

  • Regional Market Share and Revenue from 2021 to 2030.

  • Country Market share within region from 2021 to 2030.

  • Key Type and Application Revenue and forecast.

  • Company Market Share Analysis, Refrigerated Trucks competitive scenario, ranking, and detailed company
    profiles.

  • Market driver, restraints, and detailed COVID-19 impact on Refrigerated Trucks
    Market


Competitive Environment:

The research provides an accurate study of the major organisations and companies operating in the global Refrigerated Trucks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Refrigerated Trucks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.

List of Major Market Participants

Kögel Trailer GmbH & Co.KG, Hyundai Translead. Inc., Wabash National, Fahrzeugwert Bernard Krone Gmbh & Co.KG, China International Marine Containers (Group) Ltd., GRW Tankers and Trailers, Lamberet SAS, Great Dane LLC, Chereau, and Schmitz Cargobull AG, Ice Make Refrigeration Limited, JCBL Limited, KOLD SEAL, Motherson Sumi System Ltd, Subros Limited, Surin International Private Limited, Tata Motors Limited, Trane Technologies India Pvt Ltd, Others

Primary Target Market

  • Market Players of Refrigerated Trucks

  • Investors

  • End-users

  • Government Authorities

  • Consulting And Research Firm

  • Venture capitalists

  • Third-party knowledge providers

  • Value-Added Resellers (VARs)


Market Segment:

This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Refrigerated Trucks market based on the below-mentioned segments:

Global Refrigerated Trucks Market, By Type

Light Commercial Vehicle (LCV)

Medium Commercial Vehicle (MCV)

Heavy Commercial Vehicle (HCV)

Global Refrigerated Trucks market, By Application

Food and Beverages

Pharmaceuticals

Chemicals

Others

Global Refrigerated Trucks Market, By Tonnage Capacity

Less than 10 tons

10-20 tons

More than 20 tons

Global Refrigerated Trucks market, Regional Analysis


  • Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe

  • The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific

  • South America: Brazil, Argentina, Rest of South America

  • Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa

CBR-3321
About This Research

You will get in-depth and extensive refrigerated trucks market market research and competitor analysis for your business to help you develop more profound insights into the refrigerated trucks market Market.

Through INFINITIVE Data Expert is a professional Market Research services, I will identify the refrigerated trucks market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.

refrigerated trucks market

CBR-3321

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