A refrigeration system or reefer unit is an important part of the cold chain logistics infrastructure. It serves to maintain a particular temperature within the cargo space, preserving products' integrity and freshness during transport. Truck refrigeration units are commonly used to keep goods such as foods, drugs, and other perishables from both spoilage or decay and at the proper temperature. They usually include a compressor, condenser, evaporator, and control system for refrigeration. Inside the system, a compressor circulates refrigerant to absorb heat from the cargo space and expel it outside in order that normal temperature is kept.
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.
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.
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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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: TRUCK REFRIGERATION UNIT MARKET, BY TYPE
CHAPTER 5: TRUCK REFRIGERATION UNIT MARKET, BY TRAILER SIZE
CHAPTER 6: TRUCK REFRIGERATION UNIT MARKET, BY END-USER
CHAPTER 7: TRUCK REFRIGERATION UNIT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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