トラック用冷凍ユニット市場 – 2030年までの世界予測

Truck Refrigeration Unit Market - Global Forecast To 2030

トラック用冷凍ユニット市場 - 車両タイプ (軽、中型、大型商用車およびトレーラー)、タイプ、最終用途産業、アプリケーション、トレーラーサイズ、動力源、動作モード、ユニット推進力、および地域別 - 2030年までの世界予測
Truck Refrigeration Unit Market by Vehicle Type (Light, Medium & Heavy Commercial Vehicles and Trailers), Type, End Use Industry, Application, Trailer Size, Power Source, Mode of Operation, Unit Propulsion, and Region - Global Forecast to 2030

商品番号 : SMB-70430

出版社MarketsandMarkets
出版年月2024年12月
ページ数234
図表数329
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The truck refrigeration unit market is projected to grow to USD 8.83 Billion in 2030 from USD 6.83 Billion in 2024 at a CAGR of 4.4 %. Cold chain logistics plays a crucial role in the pharmaceutical industry.

トラック用冷凍ユニット市場は、4.4%のCAGRで2024年の68億3,000万米ドルから2030年には88億3,000万米ドルに成長すると予測されています。コールドチェーン物流は製薬業界において重要な役割を果たしています。

Growing demand for drugs, vaccines, blood, and biologics, among others, has shown notable growth in recent years, leading to the growth of truck refrigeration units. For instance, the Pfizer-BioNTech vaccine had to be stored at -70°C (-94°F), Insulin must be stored at temperatures between 2°C to 8°C and blood cells, and plasma is stored at -18°C to maintain their efficacy. Due to changing lifestyles, polluted air, and water, people are exposed to more health issues, ultimately leading to higher demand for drugs. This will drive the growth of refrigeration units in this industry.

トラック用冷凍ユニット市場 - 2030年までの世界予測
truck-refrigeration-unit-market

“The Nose mounted units are estimated to have the largest share in the Truck Refrigeration Unit market by Type.”

Nose-mounted units, as the name suggests, are mounted on the outer side of the front wall of the truck/trailer. According to MarketsandMarkets analysis, nose-mounted units are estimated to have the largest share in the truck refrigeration unit market by type owing to their economical pricing structure. Nose-mounted units can provide better airflow distribution for the cargo area. The positioning of these units helps with airflow as the air can easily circulate from the front to the back of the cargo area. Positioning these units helps with easier maintenance as these units are easily accessible compared to rooftop units.

Moreover, nose-mounted units do not affect the aerodynamics of the vehicle. It is easy to utilize engine-driven technology in nose-mounted units, making it a preferred option for light commercial vehicles. For trailers and heavy commercial vehicles, the nose-mounted units are independently powered by a separate engine or battery, in the case of hybrid/electric units. The primary driver for nose-mounted truck refrigeration units is easier maintenance, lower costs, and adaptability to all vehicle types.

“Independent units are estimated to be the fastest growing truck refrigeration units during the forecast period.”

Independent truck refrigeration units run on their own power source, such as a diesel engine or electric motor powered by a separate battery, to maintain the right temperature for transporting perishable goods. These units are self-propelled and don’t rely on the vehicle’s engine, allowing them to keep working even when the vehicle is stationary. This makes them useful during loading and unloading, ensuring temperature control is maintained. The main advantages of independent units over engine-powered ones are greater flexibility. Additionally, independent units can be easily adapted to different types of vehicles and transportation needs, offering greater range of application. The costs of independent units are very high compared to engine powered units. As per primary insights the estimated prices of independent units are around 2.5x to 3x to that of engine powered units, depending upon the storage capacity. The additional costs for independent units include the separate engine, fuel tank, and additional components.

Independent truck refrigeration units are mostly preferred for multi-purpose logistics. These units can carry frozen, chilled and low temperature items in a same truck/trailer by making separate compartments for individual items. The market for independent units is expected to propel during the forecast period

“Asia Pacific is estimated to be the second largest market for Truck Refrigeration Units.”

The Asia-Pacific region is expected to be the second-largest market for truck refrigeration units, driven by several key factors. The demand for refrigerated transport is increasing due to the rising consumer preference for frozen and chilled food products and the increasing need for transporting temperature-sensitive pharmaceuticals and medical supplies. The rapid growth of e-commerce in the region has boosted the market for last-mile logistics to ensure that perishable items are reached in the suitable form consumers desire. Developing countries like India and China are leading the growth of this market. Additionally, stringent regulations for food quality drive businesses to invest in advanced refrigeration technologies, like electric and hybrid units, solidifying the region’s position as a significant contributor to the truck refrigeration unit market. The region also has a few manufacturers and technology developers for the Truck Refrigeration Units. These include Denso Corporation (Japan), Daikin Industries, Ltd. (Japan), Mitsubishi Heavy Industries, Ltd. (Japan) and Subros Limited (India).

トラック用冷凍ユニット市場 - 2030年までの世界予測 region
truck-refrigeration-unit-market-region

The breakup of primary respondents

  • By Company:   Refrigeration Unit Manufacturers – 70%, Dealers/Distributors -30%
  • By Designation: Managers – 40%, Directors – 30%, Others – 30%
  • By Region: Europe – 30%, Asia Pacific – 50%, Americas – 20%

The Truck Refrigeration Unit market will be dominated by global players, including Carrier Transicold (US), Thermo King (US), Denso Corporation (Japan), Daikin Industries, Ltd. (Japan), Webasto Group (Germany), Mitsubishi Heavy Industries, Ltd. (Japan), Utility Trailer Manufacturing Company, LLC. (US), Kidron (US), Subros Limited (India), Advanced Temperature Control (US). The study includes an in-depth competitive analysis of these key players in the Truck Refrigeration Unit market with their company profiles, recent developments, and key market strategies.

トラック用冷凍ユニット市場 - 2030年までの世界予測 ecosystem
truck-refrigeration-unit-market-ecosystem

Research Coverage

The study’s primary objective is to define, describe, and forecast the Truck Refrigeration Unit market by volume and value. The study segments the Truck Refrigeration Unit Market by Vehicle Type (Light Commercial Vehicles, Medium and Heavy Commercial Vehicles and Trailers), by Type (Nose mounted system and Roof Mounted system), by End Use Industry (Food, Pharma and Drugs and Others), by Application (Frozen and Chilled), by Trailer size (Below 40 feet, above 40 feet), by Power Source (Engine powered and Independent), by Mode of Operation (Single temperature and Multi temperature), by Unit Propulsion (Diesel and Electric/Hybrid) & Region (Americas, Europe, and Asia Pacific). It analyzes the opportunities offered by various market segments to the stakeholders. It tracks and analyzes competitive developments such as market share analysis, pricing analysis, technology comparison, and other activities by key industry participants.

The report provides insights on the following pointers:

  • Analysis of key drivers (Rising demand for cold chain solutions in chemical and pharmaceuticals industries and Growth in the food and beverages industry), Restraints (higher initial investment), opportunities (Surge in investment to increase cold chain logistics and Technological innovations in Refrigerated systems and equipment), and challenges (Management of regulatory compliance) are fueling the demand of the Truck Refrigeration Unit market.
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and new product & service launches in the Truck Refrigeration Unit market.
  • Market Development: Comprehensive information on the lucrative emerging markets by units, applications (frozen and chilled), propulsions (diesel and electric/hybrid) and regions (Asia Pacific, Americas and Europe)
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Truck Refrigeration Unit market
  • Competitive Assessment: In-depth assessment of market ranking, growth strategies, and product offerings of leading players in the Truck Refrigeration Unit market, such as Carrier Transicold (US), Thermo King (US), Denso Corporation (Japan), Daikin Industries, Ltd. (Japan), Webasto Group (Germany) Mitsubishi Heavy Industries, Ltd. (Japan), Utility Trailer Manufacturing Company, LLC. (US), Kidron (US), Subros Limited (India), Advanced Temperature Control (US).

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   25

1.3.1        INCLUSIONS AND EXCLUSIONS 26

1.3.2        YEARS CONSIDERED      26

1.4           CURRENCY CONSIDERED            26

1.5           UNIT CONSIDERED        28

1.6           STAKEHOLDERS               28

1.7           SUMMARY OF CHANGES               28

2               RESEARCH METHODOLOGY       30

2.1           RESEARCH DATA              30

2.1.1        SECONDARY DATA          31

2.1.1.1    Secondary sources referred to for determining vehicle sales                 32

2.1.1.2    Secondary sources referred to for estimating market size of

truck refrigeration units      33

2.1.1.3    Key data from secondary sources       33

2.1.2        PRIMARY DATA 34

2.1.2.1    Primary participants             34

2.1.2.2    Breakdown of primary interviews      35

2.1.3        SAMPLING TECHNIQUES AND DATA COLLECTION METHODS           35

2.2           MARKET SIZE ESTIMATION         36

2.2.1        BOTTOM-UP APPROACH              37

2.2.2        TOP-DOWN APPROACH                38

2.3           DATA TRIANGULATION                39

2.4           RESEARCH ASSUMPTIONS AND ASSOCIATED RISKS                 40

2.5           RESEARCH LIMITATIONS             42

3               EXECUTIVE SUMMARY  43

4               PREMIUM INSIGHTS       47

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRUCK REFRIGERATION UNIT MARKET                47

4.2           TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION   47

4.3           TRUCK REFRIGERATION UNIT MARKET, BY MODE OF OPERATION       48

4.4           TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE     48

4.5           TRUCK REFRIGERATION UNIT MARKET, BY END-USE INDUSTRY           49

4.6           TRAILER REFRIGERATION UNIT MARKET, BY SIZE                 49

4.7           TRUCK REFRIGERATION UNIT MARKET, BY TYPE                 50

4.8           TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE                50

4.9           TRUCK REFRIGERATION UNIT MARKET, BY UNIT PROPULSION     51

4.10         TRUCK REFRIGERATION UNIT MARKET, BY REGION                 51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               53

5.2.1.1    Rising demand for cold chain solutions from chemical and pharmaceutical industries   53

5.2.1.2    Growing food & beverage industry    55

5.2.1.3    Expanding quick commerce and online delivery services                 56

5.2.2        RESTRAINTS      57

5.2.2.1    High initial investment        57

5.2.3        OPPORTUNITIES              57

5.2.3.1    Increasing investments in cold chain logistics 57

5.2.3.2    Technological innovations in refrigerated systems         57

5.2.4        CHALLENGES    58

5.2.4.1    Compliance with stringent regulations              58

5.3           IMPACT OF AI/GENERATIVE AI 58

5.4           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            59

5.5           PRICING ANALYSIS          59

5.5.1        AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE                 59

5.5.2        AVERAGE SELLING PRICE TREND, BY REGION   60

5.6           ECOSYSTEM ANALYSIS  61

5.7           SUPPLY CHAIN ANALYSIS             63

5.8           CASE STUDY ANALYSIS 65

5.8.1        BITZER ELECTRONICS ETRU PROJECT  65

5.8.2        DEARMAN TRANSPORT REFRIGERATION UNIT PROJECT              65

5.8.3        KINGCLIMA VAN REFRIGERATION UNIT PROJECT                 66

5.9           INVESTMENT AND FUNDING SCENARIO               66

5.10         PATENT ANALYSIS          67

5.11         TECHNOLOGY ANALYSIS             70

5.11.1      KEY TECHNOLOGIES     70

5.11.1.1  All-electric refrigeration units            70

5.11.2      COMPLEMENTARY TECHNOLOGIES       70

5.11.2.1  Smart sensors and IoT         70

5.11.3      ADJACENT TECHNOLOGIES       70

5.11.3.1  Energy storage systems       70

5.12         REGULATORY LANDSCAPE         71

5.13         TRADE ANALYSIS             73

5.13.1      IMPORT DATA (HS CODE 841869)              73

5.13.2      EXPORT DATA (HS CODE 841869)              75

5.14         KEY CONFERENCES AND EVENTS, 2025  77

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     77

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           77

5.15.2      BUYING CRITERIA           79

5.16         TRUCK REFRIGERATION UNIT MANUFACTURER ANALYSIS            79

6               TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION   81

6.1           INTRODUCTION              82

6.2           FROZEN                83

6.2.1        PREVALENCE OF FROZEN FOODS IN NORTH AMERICA TO DRIVE MARKET         83

6.3           CHILLED              85

6.3.1        EXPANSION OF PERISHABLE OFFERINGS BY E-COMMERCE

COMPANIES TO DRIVE MARKET                85

6.4           INDUSTRY INSIGHTS     86

7               TRUCK REFRIGERATION UNIT MARKET, BY TYPE                 87

7.1           INTRODUCTION              88

7.2           NOSE-MOUNTED             89

7.2.1        ECONOMICAL PRICING AND OTHER ADVANTAGES TO DRIVE MARKET 89

7.3           ROOF-MOUNTED            91

7.3.1        LIMITED ADOPTION DUE TO HIGH COST AND COMPLEX MAINTENANCE           91

7.4           INDUSTRY INSIGHTS     92

8               TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE     93

8.1           INTRODUCTION              94

8.2           LIGHT COMMERCIAL VEHICLE 95

8.2.1        CONSUMER PREFERENCE FOR FRESH AND FROZEN FOODS

TO DRIVE MARKET         95

8.3           MEDIUM & HEAVY COMMERCIAL VEHICLE          97

8.3.1        EXTENSIVE USE IN LONG-DISTANCE REFRIGERATED TRANSPORT

TO DRIVE MARKET         97

8.4           TRAILER               98

8.4.1        NEED FOR MULTI-TEMPERATURE TRANSIT TO DRIVE MARKET               98

8.5           INDUSTRY INSIGHTS     100

9               TRAILER REFRIGERATION UNIT MARKET, BY SIZE                 101

9.1           INTRODUCTION              102

9.2           BELOW 40 FEET                103

9.2.1        INNOVATIONS IN REFRIGERATION TECHNOLOGY TO DRIVE MARKET 103

9.3           ABOVE 40 FEET 105

9.3.1        CONVENIENCE OF TRANSPORTING MULTIPLE PRODUCTS

SIMULTANEOUSLY TO DRIVE MARKET 105

9.4           INDUSTRY INSIGHTS     106

10            TRUCK REFRIGERATION UNIT MARKET, BY MODE OF OPERATION       107

10.1         INTRODUCTION              108

10.2         SINGLE TEMPERATURE 109

10.2.1      EASE OF INSTALLATION AND MAINTENANCE TO DRIVE MARKET               109

10.3         MULTI TEMPERATURE 111

10.3.1      STRICT TEMPERATURE CONTROL IN PHARMACEUTICAL

INDUSTRY TO DRIVE MARKET  111

10.4         INDUSTRY INSIGHTS     112

11            TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE                113

11.1         INTRODUCTION              114

11.2         ENGINE-POWERED         115

11.2.1      LOWER COSTS AND HIGHER EFFICIENCY THAN INDEPENDENT

REFRIGERATED UNITS TO DRIVE MARKET          115

11.3         INDEPENDENT 117

11.3.1      DEPLOYMENT IN MULTIPURPOSE LOGISTICS TO DRIVE MARKET               117

11.4         INDUSTRY INSIGHTS     118

12            INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY PROPULSION               119

12.1         INTRODUCTION              120

12.2         DIESEL 121

12.2.1      TECHNOLOGY KNOW-HOW TO DRIVE MARKET                 121

12.3         ELECTRIC/HYBRID          123

12.3.1      STRINGENT EMISSION REGULATIONS TO DRIVE MARKET               123

12.4         INDUSTRY INSIGHTS     124

13            TRUCK REFRIGERATION UNIT MARKET, BY END-USE INDUSTRY           125

13.1         INTRODUCTION              126

13.2         FOOD & BEVERAGE        127

13.2.1      SURGE IN CONSUMER DEMAND FOR FROZEN FOODS TO DRIVE MARKET         127

13.3         PHARMACEUTICAL         129

13.3.1      NEED FOR TEMPERATURE-SENSITIVE MEDICINES AND VACCINES

TO DRIVE MARKET         129

13.4         OTHER END-USE INDUSTRIES   130

13.5         INDUSTRY INSIGHTS     131

14            TRUCK REFRIGERATION UNIT MARKET, BY REGION                 132

14.1         INTRODUCTION              133

14.2         ASIA PACIFIC     134

14.2.1      MACROECONOMIC OUTLOOK  135

14.2.2      CHINA  140

14.2.2.1  Surge in demand for temperature-controlled logistics to drive market    140

14.2.3      INDIA    141

14.2.3.1  Rise of e-commerce platforms to drive market                 141

14.2.4      JAPAN   143

14.2.4.1  High frozen fish demand to drive market         143

14.2.5      SOUTH KOREA  144

14.2.5.1  Focus on sustainability and innovation to drive market 144

14.2.6      THAILAND          145

14.2.6.1  Expansion of domestic tourism industry to drive market                 145

14.3         EUROPE               147

14.3.1      MACROECONOMIC OUTLOOK  147

14.3.2      GERMANY           152

14.3.2.1  Need for reliable cold chain solutions in food & beverage and e-commerce industries to drive market                 152

14.3.3      FRANCE                154

14.3.3.1  Consumer demand for e-commerce services to drive market                 154

14.3.4      UK          155

14.3.4.1  Rising demand for fresh and frozen foods to drive market                 155

14.3.5      SPAIN    156

14.3.5.1  Need for advanced cold chain solutions in pharma

industry to drive market      156

14.3.6      ITALY    158

14.3.6.1  Shift toward online grocery shopping to drive market    158

14.3.7      REST OF EUROPE             159

14.4         AMERICAS           161

14.4.1      MACROECONOMIC OUTLOOK  161

14.4.2      US           166

14.4.2.1  Emphasis on food safety and adherence to stringent regulatory standards to drive market    166

14.4.3      MEXICO                167

14.4.3.1  Active participation in export of fresh produce and processed

foods to drive market           167

14.4.4      CANADA               168

14.4.4.1  Rapid growth of food service industry to drive market   168

14.4.5      BRAZIL 170

14.4.5.1  Need for stringent temperature control for pharma products

to drive market      170

15            COMPETITIVE LANDSCAPE         172

15.1         INTRODUCTION              172

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024                 172

15.3         REVENUE ANALYSIS, 2019–2023  174

15.4         MARKET SHARE ANALYSIS, 2023                 175

15.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 177

15.5.1      STARS   177

15.5.2      EMERGING LEADERS     177

15.5.3      PERVASIVE PLAYERS      178

15.5.4      PARTICIPANTS 178

15.5.5      COMPANY FOOTPRINT 179

15.5.5.1  Company footprint               179

15.5.5.2  Application footprint            180

15.5.5.3  Power source footprint        181

15.5.5.4  Mode of operation footprint                182

15.5.5.5  Region footprint   183

15.6         COMPANY VALUATION AND FINANCIAL METRICS                 184

15.7         BRAND/PRODUCT COMPARISON             185

15.8         COMPETITIVE SCENARIO             186

15.8.1      PRODUCT LAUNCHES   186

15.8.2      DEALS  187

15.8.3      EXPANSIONS     188

15.8.4      OTHERS                189

16            COMPANY PROFILES      190

16.1         KEY PLAYERS     190

16.1.1      CARRIER TRANSICOLD 190

16.1.1.1  Business overview 190

16.1.1.2  Products offered   191

16.1.1.3  Recent developments           193

16.1.1.3.1                Product launches  193

16.1.1.3.2                Expansions             193

16.1.1.3.3                Others    194

16.1.1.4  MnM view              194

16.1.1.4.1                Key strengths        194

16.1.1.4.2                Strategic choices   194

16.1.1.4.3                Weaknesses and competitive threats 194

16.1.2      THERMO KING 195

16.1.2.1  Business overview 195

16.1.2.2  Products offered   195

16.1.2.3  Recent developments           197

16.1.2.3.1                Deals      197

16.1.2.3.2                Others    197

16.1.2.4  MnM view              198

16.1.2.4.1                Key strengths        198

16.1.2.4.2                Strategic choices   198

16.1.2.4.3                Weaknesses and competitive threats 198

16.1.3      MITSUBISHI HEAVY INDUSTRIES, LTD.  199

16.1.3.1  Business overview 199

16.1.3.2  Products offered   200

16.1.3.3  Recent developments           201

16.1.3.3.1                Product launches  201

16.1.3.3.2                Others    201

16.1.3.4  MnM view              202

16.1.3.4.1                Key strengths        202

16.1.3.4.2                Strategic choices   202

16.1.3.4.3                Weaknesses and competitive threats 202

16.1.4      DAIKIN INDUSTRIES, LTD.           203

16.1.4.1  Business overview 203

16.1.4.2  Products offered   204

16.1.4.3  Recent developments           205

16.1.4.3.1                Product launches  205

16.1.4.3.2                Deals      206

16.1.4.3.3                Expansions             206

16.1.4.4  MnM view              206

16.1.4.4.1                Key strengths        206

16.1.4.4.2                Strategic choices   206

16.1.4.4.3                Weaknesses and competitive threats 206

16.1.5      WEBASTO GROUP            207

16.1.5.1  Business overview 207

16.1.5.2  Products offered   207

16.1.5.3  MnM view              208

16.1.5.3.1                Key strengths        208

16.1.5.3.2                Strategic choices   208

16.1.5.3.3                Weaknesses and competitive threats 208

16.1.6      DENSO CORPORATION 209

16.1.6.1  Business overview 209

16.1.6.2  Products offered   210

16.1.7      UTILITY TRAILER MANUFACTURING COMPANY, LLC.                 211

16.1.7.1  Business overview 211

16.1.7.2  Products offered   211

16.1.7.3  Recent developments           212

16.1.7.3.1                Deals      212

16.1.7.3.2                Expansions             212

16.1.8      KIDRON                213

16.1.8.1  Business overview 213

16.1.8.2  Products offered   213

16.1.9      SUBROS LIMITED             214

16.1.9.1  Business overview 214

16.1.9.2  Products offered   215

16.1.10   ADVANCED TEMPERATURE CONTROL  216

16.1.10.1                 Business overview 216

16.1.10.2                 Products offered   216

16.2         OTHER PLAYERS              218

16.2.1      ZHENGZHOU GUCHEN THERMO CO., LTD.         218

16.2.2      HWASUNG THERMO       219

16.2.3      KRONE TRAILER               220

16.2.4      RINAC   220

16.2.5      SUB ZERO INSULATION TECH PVT. LTD.              221

16.2.6      HENAN KINGCLIMA INDUSTRY CO, LTD.              221

16.2.7      TKT HVAC CO., LTD.      222

16.2.8      TRANS ACNR      223

16.2.9      ZHENGZHOU CORUNCLINA CO., LTD.   224

16.2.10   HULTSTEINS      224

17            RECOMMENDATIONS BY MARKETSANDMARKETS                 225

17.1         AMERICAS TO DOMINATE TRUCK REFRIGERATION UNIT MARKET   225

17.2         EMPHASIS ON INDEPENDENT AND MULTI-TEMPERATURE REFRIGERATION UNITS                225

17.3         CONCLUSION    226

18            APPENDIX           227

18.1         INSIGHTS FROM INDUSTRY EXPERTS     227

18.2         DISCUSSION GUIDE        228

18.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                230

18.4         CUSTOMIZATION OPTIONS        232

18.4.1      TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION, AT COUNTRY LEVEL       232

18.4.2      TRUCK REFRIGERATION UNIT MARKET, BY MODE OF

OPERATION, AT COUNTRY LEVEL           232

18.4.3      INDEPENDENT TRUCK REFRIGERATION UNIT MARKET,

BY VEHICLE TYPE, AT REGIONAL LEVEL               232

18.5         RELATED REPORTS         232

18.6         AUTHOR DETAILS           233

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 26

TABLE 2                CURRENCY EXCHANGE RATES  27

TABLE 3                AVERAGE SELLING PRICE OF TRUCK REFRIGERATION UNITS,

BY VEHICLE TYPE, 2021–2023 (USD)         59

TABLE 4                AVERAGE SELLING PRICE OF TRUCK REFRIGERATION UNITS,

BY REGION, 2021–2023 (USD)      60

TABLE 5                ROLE OF COMPANIES IN ECOSYSTEM    61

TABLE 6                PATENT ANALYSIS          68

TABLE 7                AMERICAS: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  71

TABLE 8                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  71

TABLE 9                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  72

TABLE 10              US: IMPORT DATA FOR TRUCK REFRIGERATION UNITS, BY EXPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 73

TABLE 11              GERMANY: IMPORT DATA FOR TRUCK REFRIGERATION UNITS, BY EXPORTING COUNTRY, 2019–2023 (USD THOUSAND)           73

TABLE 12              CHINA: IMPORT DATA FOR TRUCK REFRIGERATION UNITS,

BY EXPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 74

TABLE 13              CANADA: IMPORT DATA FOR TRUCK REFRIGERATION UNITS,

BY EXPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 74

TABLE 14              UK: IMPORT DATA FOR TRUCK REFRIGERATION UNITS, BY EXPORTING COUNTRY, 2019–2023 (USD THOUSAND)           74

TABLE 15              CHINA: EXPORT DATA FOR TRUCK REFRIGERATION UNITS,

BY IMPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 75

TABLE 16              US: EXPORT DATA FOR TRUCK REFRIGERATION UNITS, BY IMPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 75

TABLE 17              ITALY: EXPORT DATA FOR TRUCK REFRIGERATION UNITS,

BY IMPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 76

TABLE 18              MEXICO: EXPORT DATA FOR TRUCK REFRIGERATION UNITS,

BY IMPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 76

TABLE 19              FRANCE: EXPORT DATA FOR TRUCK REFRIGERATION UNITS,

BY IMPORTING COUNTRY, 2019–2023 (USD THOUSAND)                 76

TABLE 20              KEY CONFERENCES AND EVENTS, 2025  77

TABLE 21              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%)   78

TABLE 22              KEY BUYING CRITERIA, BY APPLICATION                 79

TABLE 23              TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION,

2020–2023 (THOUSAND UNITS)  82

TABLE 24              TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION,

2024–2030 (THOUSAND UNITS)  82

TABLE 25              TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION,

2020–2023 (USD MILLION)            83

TABLE 26              TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            83

TABLE 27              FROZEN: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  84

TABLE 28              FROZEN: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  84

TABLE 29              FROZEN: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            84

TABLE 30              FROZEN: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            84

TABLE 31              CHILLED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  85

TABLE 32              CHILLED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  85

TABLE 33              CHILLED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            86

TABLE 34              CHILLED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            86

TABLE 35              TRUCK REFRIGERATION UNIT MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)     88

TABLE 36              TRUCK REFRIGERATION UNIT MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS)     88

TABLE 37              TRUCK REFRIGERATION UNIT MARKET, BY TYPE, 2020–2023 (USD MILLION)                89

TABLE 38              TRUCK REFRIGERATION UNIT MARKET, BY TYPE, 2024–2030 (USD MILLION)                89

TABLE 39              NOSE-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  89

TABLE 40              NOSE-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  90

TABLE 41              NOSE-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            90

TABLE 42              NOSE-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            90

TABLE 43              ROOF-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  91

TABLE 44              ROOF-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  91

TABLE 45              ROOF-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            91

TABLE 46              ROOF-MOUNTED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            92

TABLE 47              TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  94

TABLE 48              TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  94

TABLE 49              TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            95

TABLE 50              TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            95

TABLE 51              LIGHT COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)      96

TABLE 52              LIGHT COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)      96

TABLE 53              LIGHT COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (USD MILLION)            96

TABLE 54              LIGHT COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (USD MILLION)            96

TABLE 55              MEDIUM & HEAVY COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)      97

TABLE 56              MEDIUM & HEAVY COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)      97

TABLE 57              MEDIUM & HEAVY COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (USD MILLION) 98

TABLE 58              MEDIUM & HEAVY COMMERCIAL VEHICLE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (USD MILLION) 98

TABLE 59              TRAILER: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  99

TABLE 60              TRAILER: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  99

TABLE 61              TRAILER: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            99

TABLE 62              TRAILER: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            99

TABLE 63              TRAILER REFRIGERATION UNIT MARKET, BY SIZE, 2020–2023 (THOUSAND UNITS)       102

TABLE 64              TRAILER REFRIGERATION UNIT MARKET, BY SIZE, 2024–2030 (THOUSAND UNITS)       102

TABLE 65              TRAILER REFRIGERATION UNIT MARKET, BY SIZE, 2020–2023 (USD MILLION) 103

TABLE 66              TRAILER REFRIGERATION UNIT MARKET, BY SIZE, 2024–2030 (USD MILLION) 103

TABLE 67              BELOW 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  103

TABLE 68              BELOW 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  104

TABLE 69              BELOW 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            104

TABLE 70              BELOW 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            104

TABLE 71              ABOVE 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  105

TABLE 72              ABOVE 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  105

TABLE 73              ABOVE 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            105

TABLE 74              ABOVE 40 FEET: TRAILER REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            106

TABLE 75              TRUCK REFRIGERATION UNIT MARKET, BY MODE OF OPERATION,

2020–2023 (THOUSAND UNITS)  108

TABLE 76              TRUCK REFRIGERATION UNIT MARKET, BY MODE OF OPERATION,

2024–2030 (THOUSAND UNITS)  108

TABLE 77              TRUCK REFRIGERATION UNIT MARKET, BY MODE OF OPERATION,

2020–2023 (USD MILLION)            109

TABLE 78              TRUCK REFRIGERATION UNIT MARKET, BY MODE OF OPERATION,

2024–2030 (USD MILLION)            109

TABLE 79              SINGLE TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)      109

TABLE 80              SINGLE TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)      110

TABLE 81              SINGLE TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (USD MILLION)            110

TABLE 82              SINGLE TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (USD MILLION)            110

TABLE 83              MULTI TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  111

TABLE 84              MULTI TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  111

TABLE 85              MULTI TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            111

TABLE 86              MULTI TEMPERATURE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            112

TABLE 87              TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE,

2020–2023 (THOUSAND UNITS)  114

TABLE 88              TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE,

2024–2030 (THOUSAND UNITS)  115

TABLE 89              TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE,

2020–2023 (USD MILLION)            115

TABLE 90              TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE,

2024–2030 (USD MILLION)            115

TABLE 91              ENGINE-POWERED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  116

TABLE 92              ENGINE-POWERED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  116

TABLE 93              ENGINE-POWERED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            116

TABLE 94              ENGINE-POWERED: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            116

TABLE 95              INDEPENDENT: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  117

TABLE 96              INDEPENDENT: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  117

TABLE 97              INDEPENDENT: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            118

TABLE 98              INDEPENDENT: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            118

TABLE 99              INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY PROPULSION,

2020–2023 (THOUSAND UNITS)  120

TABLE 100            INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY PROPULSION,

2024–2030 (THOUSAND UNITS)  121

TABLE 101            INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY PROPULSION,

2020–2023 (USD MILLION)            121

TABLE 102            INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY PROPULSION,

2024–2030 (USD MILLION)            121

TABLE 103            DIESEL: INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  122

TABLE 104            DIESEL: INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  122

TABLE 105            DIESEL: INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            122

TABLE 106            DIESEL: INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            122

TABLE 107            ELECTRIC/HYBRID: INDEPENDENT TRUCK REFRIGERATION UNIT MARKET,

BY REGION, 2020–2023 (THOUSAND UNITS)         123

TABLE 108            ELECTRIC/HYBRID: INDEPENDENT TRUCK UNIT REFRIGERATION MARKET,

BY REGION, 2024–2030 (THOUSAND UNITS)         123

TABLE 109            ELECTRIC/HYBRID: INDEPENDENT TRUCK REFRIGERATION UNIT MARKET,

BY REGION, 2020–2023 (USD MILLION)   124

TABLE 110            ELECTRIC/HYBRID: INDEPENDENT TRUCK REFRIGERATION UNIT MARKET,

BY REGION, 2024–2030 (USD MILLION)   124

TABLE 111            TRUCK REFRIGERATION UNIT MARKET, BY END-USE INDUSTRY,

2020–2023 (THOUSAND UNITS)  126

TABLE 112            TRUCK REFRIGERATION UNIT MARKET, BY END-USE INDUSTRY,

2024–2030 (THOUSAND UNITS)  127

TABLE 113            TRUCK REFRIGERATION UNIT MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            127

TABLE 114            TRUCK REFRIGERATION UNIT MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            127

TABLE 115            FOOD & BEVERAGE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  128

TABLE 116            FOOD & BEVERAGE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  128

TABLE 117            FOOD & BEVERAGE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            128

TABLE 118            FOOD & BEVERAGE: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            128

TABLE 119            PHARMACEUTICAL: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  129

TABLE 120            PHARMACEUTICAL: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  129

TABLE 121            PHARMACEUTICAL: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (USD MILLION)            130

TABLE 122            PHARMACEUTICAL: TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (USD MILLION)            130

TABLE 123            OTHER END-USE INDUSTRIES: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)      130

TABLE 124            OTHER END-USE INDUSTRIES: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)      131

TABLE 125            OTHER END-USE INDUSTRIES: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (USD MILLION)            131

TABLE 126            OTHER END-USE INDUSTRIES: TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (USD MILLION)            131

TABLE 127            TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2020–2023 (THOUSAND UNITS)  133

TABLE 128            TRUCK REFRIGERATION UNIT MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  134

TABLE 129            TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2020–2023 (USD MILLION)          134

TABLE 130            TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (USD MILLION)          134

TABLE 131            ASIA PACIFIC: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2020–2023 (THOUSAND UNITS)  138

TABLE 132            ASIA PACIFIC: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2024–2030 (THOUSAND UNITS)  139

TABLE 133            ASIA PACIFIC: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            139

TABLE 134            ASIA PACIFIC: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            139

TABLE 135            CHINA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  140

TABLE 136            CHINA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  140

TABLE 137            CHINA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            140

TABLE 138            CHINA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            141

TABLE 139            INDIA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  141

TABLE 140            INDIA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  142

TABLE 141            INDIA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            142

TABLE 142            INDIA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            142

TABLE 143            JAPAN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  143

TABLE 144            JAPAN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  143

TABLE 145            JAPAN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            143

TABLE 146            JAPAN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            144

TABLE 147            SOUTH KOREA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  144

TABLE 148            SOUTH KOREA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  144

TABLE 149            SOUTH KOREA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            145

TABLE 150            SOUTH KOREA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            145

TABLE 151            THAILAND: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  145

TABLE 152            THAILAND: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  146

TABLE 153            THAILAND: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            146

TABLE 154            THAILAND: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            146

TABLE 155            EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2020–2023 (THOUSAND UNITS)  151

TABLE 156            EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2024–2030 (THOUSAND UNITS)  151

TABLE 157            EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            151

TABLE 158            EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            152

TABLE 159            GERMANY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  152

TABLE 160            GERMANY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  153

TABLE 161            GERMANY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            153

TABLE 162            GERMANY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            153

TABLE 163            FRANCE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  154

TABLE 164            FRANCE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  154

TABLE 165            FRANCE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            154

TABLE 166            FRANCE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            155

TABLE 167            UK: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  155

TABLE 168            UK: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  155

TABLE 169            UK: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            156

TABLE 170            UK: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            156

TABLE 171            SPAIN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  156

TABLE 172            SPAIN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  157

TABLE 173            SPAIN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            157

TABLE 174            SPAIN: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            157

TABLE 175            ITALY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  158

TABLE 176            ITALY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  158

TABLE 177            ITALY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            158

TABLE 178            ITALY: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            159

TABLE 179            REST OF EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE, 2020–2023 (THOUSAND UNITS) 159

TABLE 180            REST OF EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS) 160

TABLE 181            REST OF EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE, 2020–2023 (USD MILLION)                 160

TABLE 182            REST OF EUROPE: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                 160

TABLE 183            AMERICAS: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2020–2023 (THOUSAND UNITS)  164

TABLE 184            AMERICAS: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2024–2030 (THOUSAND UNITS)  165

TABLE 185            AMERICAS: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            165

TABLE 186            AMERICAS: TRUCK REFRIGERATION UNIT MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            165

TABLE 187            US: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  166

TABLE 188            US: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  166

TABLE 189            US: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            166

TABLE 190            US: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            167

TABLE 191            MEXICO: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  167

TABLE 192            MEXICO: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  167

TABLE 193            MEXICO: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            168

TABLE 194            MEXICO: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            168

TABLE 195            CANADA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  169

TABLE 196            CANADA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  169

TABLE 197            CANADA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            169

TABLE 198            CANADA: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            169

TABLE 199          BRAZIL: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (THOUSAND UNITS)  170

TABLE 200          BRAZIL: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  170

TABLE 201          BRAZIL: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2020–2023 (USD MILLION)            171

TABLE 202          BRAZIL: TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            171

TABLE 203            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024        172

TABLE 204            TRUCK REFRIGERATION UNIT MARKET: DEGREE OF COMPETITION, 2023               176

TABLE 205            APPLICATION FOOTPRINT         180

TABLE 206            POWER SOURCE FOOTPRINT     181

TABLE 207            MODE OF OPERATION FOOTPRINT        182

TABLE 208            REGION FOOTPRINT     183

TABLE 209            TRUCK REFRIGERATION UNIT MARKET: PRODUCT LAUNCHES, 2021–2024               186

TABLE 210            TRUCK REFRIGERATION UNIT MARKET: DEALS, 2021–2024              187

TABLE 211            TRUCK REFRIGERATION UNIT MARKET: EXPANSIONS, 2021–2024 188

TABLE 212            TRUCK REFRIGERATION UNIT MARKET: OTHERS, 2021–2024          189

TABLE 213            CARRIER TRANSICOLD: COMPANY OVERVIEW                 190

TABLE 214            CARRIER TRANSICOLD: PRODUCTS OFFERED                 191

TABLE 215            CARRIER TRANSICOLD: PRODUCT LAUNCHES                 193

TABLE 216            CARRIER TRANSICOLD: EXPANSIONS     193

TABLE 217            CARRIER TRANSICOLD: OTHERS               194

TABLE 218            THERMO KING: COMPANY OVERVIEW  195

TABLE 219            THERMO KING: PRODUCTS OFFERED   195

TABLE 220            THERMO KING: DEALS  197

TABLE 221            THERMO KING: OTHERS               197

TABLE 222            MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW   199

TABLE 223            MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED    200

TABLE 224            MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES   201

TABLE 225            MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS                 201

TABLE 226            DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW          203

TABLE 227            DAIKIN INDUSTRIES, LTD.: PRODUCTS OFFERED             204

TABLE 228            DAIKIN INDUSTRIES, LTD.: PRODUCT LAUNCHES          205

TABLE 229            DAIKIN INDUSTRIES, LTD.: DEALS           206

TABLE 230            DAIKIN INDUSTRIES, LTD.: EXPANSIONS                 206

TABLE 231            WEBASTO GROUP: COMPANY OVERVIEW                 207

TABLE 232            WEBASTO GROUP: PRODUCTS OFFERED                 207

TABLE 233            DENSO CORPORATION: COMPANY OVERVIEW                 209

TABLE 234            DENSO CORPORATION: PRODUCTS OFFERED                 210

TABLE 235          UTILITY TRAILER MANUFACTURING COMPANY, LLC.: COMPANY OVERVIEW        211

TABLE 236          UTILITY TRAILER MANUFACTURING COMPANY, LLC.: PRODUCTS OFFERED         211

TABLE 237          UTILITY TRAILER MANUFACTURING COMPANY, LLC.: DEALS       212

TABLE 238          UTILITY TRAILER MANUFACTURING COMPANY, LLC.: EXPANSIONS          212

TABLE 239            KIDRON: COMPANY OVERVIEW                213

TABLE 240            KIDRON: PRODUCTS OFFERED 213

TABLE 241            SUBROS LIMITED: COMPANY OVERVIEW                 214

TABLE 242            SUBROS LIMITED: PRODUCTS OFFERED                 215

TABLE 243            ADVANCED TEMPERATURE CONTROL: COMPANY OVERVIEW   216

TABLE 244            ADVANCED TEMPERATURE CONTROL: PRODUCTS OFFERED    216

TABLE 245            ZHENGZHOU GUCHEN THERMO CO., LTD.: COMPANY OVERVIEW   218

TABLE 246            HWASUNG THERMO: COMPANY OVERVIEW                 219

TABLE 247            KRONE TRAILER: COMPANY OVERVIEW                 220

TABLE 248            RINAC: COMPANY OVERVIEW    220

TABLE 249            SUB ZERO INSULATION TECH PVT. LTD.: COMPANY OVERVIEW   221

TABLE 250            HENAN KINGCLIMA INDUSTRY CO, LTD.: COMPANY OVERVIEW   221

TABLE 251            TKT HVAC CO., LTD.: COMPANY OVERVIEW                 222

TABLE 252            TRANS ACNR: COMPANY OVERVIEW      223

TABLE 253            ZHENGZHOU CORUNCLINA CO., LTD.: COMPANY OVERVIEW   224

TABLE 254            HULTSTEINS: COMPANY OVERVIEW      224

LIST OF FIGURES

FIGURE 1              TRUCK REFRIGERATION UNIT MARKET SEGMENTATION              25

FIGURE 2              RESEARCH DESIGN         30

FIGURE 3              RESEARCH DESIGN MODEL         31

FIGURE 4              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           36

FIGURE 5              BOTTOM-UP APPROACH              37

FIGURE 6              TOP-DOWN APPROACH                38

FIGURE 7              DATA TRIANGULATION                39

FIGURE 8              TRUCK REFRIGERATION UNIT MARKET OVERVIEW          43

FIGURE 9              TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024 VS. 2030 (USD BILLION)    44

FIGURE 10            TRUCK REFRIGERATION UNIT MARKET, BY TYPE, 2024 VS. 2030 (USD BILLION)          45

FIGURE 11            KEY PLAYERS IN TRUCK REFRIGERATION UNIT MARKET               46

FIGURE 12            SURGE IN GLOBAL DEMAND OF COLD CHAIN SOLUTIONS TO DRIVE MARKET                47

FIGURE 13            CHILLED SEGMENT TO BE LARGER THAN FROZEN SEGMENT

DURING FORECAST PERIOD       47

FIGURE 14            SINGLE TEMPERATURE SEGMENT TO BE DOMINANT DURING FORECAST PERIOD              48

FIGURE 15            LIGHT COMMERCIAL VEHICLE TO SURPASS OTHER SEGMENTS

DURING FORECAST PERIOD       48

FIGURE 16            FOOD & BEVERAGE TO BE LARGEST SEGMENT DURING FORECAST PERIOD       49

FIGURE 17            ABOVE 40 FEET SEGMENT TO ACQUIRE MAXIMUM SHARE IN 2024             49

FIGURE 18            NOSE-MOUNTED SEGMENT TO SECURE LEADING POSITION

DURING FORECAST PERIOD       50

FIGURE 19            ENGINE-POWERED SEGMENT TO HOLD HIGHER SHARE THAN INDEPENDENT SEGMENT DURING FORECAST PERIOD         50

FIGURE 20            DIESEL SEGMENT TO BE PREVALENT DURING FORECAST PERIOD         51

FIGURE 21            AMERICAS TO BE LARGEST MARKET FOR TRUCK REFRIGERATION UNITS

DURING FORECAST PERIOD       51

FIGURE 22            TRUCK REFRIGERATION UNIT MARKET DYNAMICS          53

FIGURE 23            EXPORT OF PHARMACEUTICAL PRODUCTS, BY COUNTRY, 2023 (USD MILLION)                54

FIGURE 24            IMPORT OF PHARMACEUTICAL PRODUCTS, BY COUNTRY, 2023 (USD MILLION)                54

FIGURE 25            IMPORT AND EXPORT IN CHEMICAL INDUSTRY, 2018–2022 (USD MILLION)            55

FIGURE 26            FROZEN SPECIALTY FOODS SHIPMENTS IN US, 2015–2021 (USD BILLION)             56

FIGURE 27            QUICK COMMERCE MARKET, 2018–2023 (USD BILLION)             56

FIGURE 28            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   59

FIGURE 29            AVERAGE SELLING PRICE OF TRUCK REFRIGERATION UNITS, BY VEHICLE TYPE, 2021–2023 (USD)                 60

FIGURE 30            AVERAGE SELLING PRICE OF TRUCK REFRIGERATION UNITS,

BY REGION, 2021–2023 (USD)      60

FIGURE 31            ECOSYSTEM ANALYSIS  61

FIGURE 32            SUPPLY CHAIN ANALYSIS             63

FIGURE 33            INVESTMENT AND FUNDING SCENARIO, 2021–2024 (USD BILLION)        66

FIGURE 34            PATENT ANALYSIS          67

FIGURE 35            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY            78

FIGURE 36            KEY BUYING CRITERIA, BY APPLICATION                 79

FIGURE 37            TRUCK REFRIGERATION UNIT MANUFACTURER ANALYSIS,

BY MODE OF OPERATION AND POWER SOURCE               80

FIGURE 38            TRUCK REFRIGERATION UNIT MANUFACTURER ANALYSIS, BY TYPE    80

FIGURE 39            TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            82

FIGURE 40            TRUCK REFRIGERATION UNIT MARKET, BY TYPE, 2024–2030 (USD MILLION)                88

FIGURE 41            TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)            94

FIGURE 42            TRAILER REFRIGERATION UNIT MARKET, BY SIZE, 2024–2030 (USD MILLION) 102

FIGURE 43            TRUCK REFRIGERATION UNIT MARKET, BY MODE OF OPERATION,

2024–2030 (USD MILLION)            108

FIGURE 44            TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE,

2024–2030 (USD MILLION)            114

FIGURE 45            INDEPENDENT TRUCK REFRIGERATION UNIT MARKET, BY PROPULSION,

2024–2030 (USD MILLION)            120

FIGURE 46            TRUCK REFRIGERATION UNIT MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            126

FIGURE 47            TRUCK REFRIGERATION UNIT MARKET, BY REGION, 2024–2030 (USD MILLION)          133

FIGURE 48            INDUSTRY INSIGHTS     133

FIGURE 49            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2023–2025      135

FIGURE 50            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2023–2025              136

FIGURE 51            ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2023–2025                136

FIGURE 52            ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2023  136

FIGURE 53            ASIA PACIFIC: TRUCK REFRIGERATION UNIT MARKET SNAPSHOT       138

FIGURE 54            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2023–2025      148

FIGURE 55            EUROPE: GDP PER CAPITA, BY COUNTRY, 2023–2025        148

FIGURE 56            EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2023–2025                149

FIGURE 57            EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2023  149

FIGURE 58            EUROPE: TRUCK REFRIGERATION UNIT MARKET SNAPSHOT       150

FIGURE 59            AMERICAS: REAL GDP GROWTH RATE, BY COUNTRY, 2023–2025      162

FIGURE 60            AMERICAS: GDP PER CAPITA, BY COUNTRY, 2023–2025              162

FIGURE 61            AMERICAS: CPI INFLATION RATE, BY COUNTRY, 2023–2025              162

FIGURE 62            AMERICAS: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2023  163

FIGURE 63            AMERICAS: TRUCK REFRIGERATION UNIT MARKET SNAPSHOT       164

FIGURE 64            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023              174

FIGURE 65            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023        175

FIGURE 66            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  178

FIGURE 67            COMPANY FOOTPRINT 179

FIGURE 68            COMPANY VALUATION OF KEY PLAYERS                 184

FIGURE 69            FINANCIAL METRICS OF KEY PLAYERS  184

FIGURE 70            BRAND/PRODUCT COMPARISON             185

FIGURE 71            CARRIER TRANSICOLD: COMPANY SNAPSHOT                 191

FIGURE 72            MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT   200

FIGURE 73            DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT          204

FIGURE 74            DENSO CORPORATION: COMPANY SNAPSHOT                 210

FIGURE 75            SUBROS LIMITED: COMPANY SNAPSHOT                 214