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Refrigerated Trucks Market By Type (Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle); By Tonnage Capacity (20 Tons); By Application (Food & Beverages, Pharmaceuticals, Chemicals, Others); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 50225 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Refrigerated Trucks Market Size 2024 USD 3,949.3 million
Refrigerated Trucks Market, CAGR 6.05%
Refrigerated Trucks Market Size 2032 USD 6,318.37 million

Market Overview:

The global refrigerated trucks market is set for robust growth, with the market size expected to expand from USD 3,949.3 million in 2024 to USD 6,318.37 million by 2032, reflecting a compound annual growth rate (CAGR) of 6.05% over the forecast period. This growth is driven by the increasing demand for temperature-controlled transportation solutions across various industries, including food and beverages, pharmaceuticals, and chemicals. As global supply chains become more complex, the need for efficient and reliable refrigerated transport has surged, particularly for perishable goods that require precise temperature management to maintain quality and safety during transit.

Several key factors are propelling the growth of the refrigerated trucks market. The expanding global trade in perishable goods, particularly in the food and beverage industry, is a major driver. As consumers demand fresh produce, dairy products, and frozen foods year-round, the need for advanced refrigerated transportation solutions is rising. Additionally, the pharmaceutical industry’s growth, especially in the distribution of temperature-sensitive drugs and vaccines, has significantly increased the demand for refrigerated trucks. The rise of e-commerce and the trend towards online grocery shopping are also contributing to market growth, as retailers seek reliable logistics solutions to ensure timely delivery of perishable items to consumers.

North America is expected to dominate the refrigerated trucks market, holding the largest market share during the forecast period. This is due to the region’s well-established cold chain infrastructure and the high demand for perishable goods transportation, particularly in the United States and Canada. The Asia-Pacific region is projected to be the fastest-growing market, driven by rapid urbanization, increasing disposable incomes, and the expanding middle class in countries like China and India. These factors are boosting demand for fresh and frozen foods, thereby increasing the need for refrigerated transportation. Europe also represents a significant market, supported by stringent regulations regarding food safety and the transportation of pharmaceuticals, particularly in countries like Germany, France, and the United Kingdom.

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Market Drivers:

Growing Demand for Perishable Goods:

The increasing global demand for perishable goods is a major driver of the refrigerated trucks market. As consumers become more health-conscious, there is a rising preference for fresh produce, dairy products, and frozen foods that require temperature-controlled transportation. For instance, the U.S. Department of Agriculture has reported a steady increase in the consumption of fresh fruits and vegetables, driven by consumer awareness of healthy eating habits. This trend necessitates reliable refrigerated logistics to ensure that these perishable items reach retail outlets and consumers in optimal condition, thereby driving the need for refrigerated trucks.

Expansion of the Pharmaceutical Industry:

The pharmaceutical industry’s growth, particularly in the distribution of temperature-sensitive medications, is significantly contributing to the demand for refrigerated trucks. The need to transport vaccines, biologics, and other temperature-sensitive pharmaceuticals safely has led to stricter regulations and the adoption of advanced cold chain logistics solutions. For example, during the COVID-19 pandemic, the global distribution of vaccines required highly specialized refrigerated transportation to maintain the efficacy of the vaccines, underscoring the critical role of refrigerated trucks in the pharmaceutical supply chain.

Rise of E-commerce and Online Grocery Shopping:

The rapid growth of e-commerce, particularly in the grocery segment, is another key driver of the refrigerated trucks market. With consumers increasingly opting to purchase groceries online, retailers are under pressure to deliver perishable items quickly and in perfect condition. Companies like Amazon and Walmart have expanded their online grocery services, offering same-day or next-day delivery of fresh and frozen foods. This trend is driving the demand for a fleet of refrigerated trucks that can support the logistics of delivering temperature-sensitive goods to consumers’ doorsteps efficiently.

Stringent Food Safety Regulations:

Stringent regulations regarding food safety and transportation standards are also driving the refrigerated trucks market. Governments worldwide are enforcing regulations that mandate the proper handling and transportation of perishable goods to prevent contamination and ensure food safety. For instance, the European Union’s food safety regulations require that all perishable foods be transported at specific temperatures to prevent spoilage. These regulations compel companies to invest in reliable refrigerated transport solutions, thereby fueling the demand for refrigerated trucks equipped with advanced temperature control technologies.

Market Trends:

Adoption of Advanced Refrigeration Technologies:

One of the notable trends in the refrigerated trucks market is the adoption of advanced refrigeration technologies aimed at improving efficiency and reducing environmental impact. Companies are increasingly investing in technologies that offer better temperature control, lower energy consumption, and reduced emissions. For instance, electric-powered refrigeration units are becoming more popular as they provide consistent cooling without relying on the vehicle’s engine, thus reducing fuel consumption and carbon emissions. This shift towards greener refrigeration solutions is driven by both regulatory pressures and the growing demand for sustainable practices within the logistics industry.

Integration of Telematics and IoT:

The integration of telematics and Internet of Things (IoT) technologies in refrigerated trucks is transforming the logistics industry by enhancing real-time monitoring and management capabilities. These technologies allow fleet managers to track the location, temperature, and operational status of their vehicles remotely, ensuring that perishable goods are transported under optimal conditions. For example, IoT-enabled sensors can alert drivers and fleet operators if there is a temperature deviation within the cargo area, allowing for immediate corrective actions. This trend is leading to improved efficiency, reduced spoilage rates, and enhanced customer satisfaction in the refrigerated transport sector.

Growth of Cold Chain Logistics in Emerging Markets:

The growth of cold chain logistics in emerging markets is another significant trend impacting the refrigerated trucks market. As economies in regions like Asia-Pacific and Latin America continue to expand, there is a rising demand for reliable cold chain solutions to support the transportation of perishable goods. For instance, countries like India and Brazil are witnessing increased investments in cold storage infrastructure and refrigerated transportation, driven by the growing middle class and rising consumer demand for fresh and processed foods. This trend is creating new opportunities for refrigerated truck manufacturers and logistics providers in these rapidly developing regions.

Emphasis on Regulatory Compliance and Food Safety:

The emphasis on regulatory compliance and food safety is shaping the refrigerated trucks market, with companies striving to meet increasingly stringent standards. Governments around the world are implementing regulations that require the proper handling and transportation of perishable goods to prevent spoilage and contamination. For instance, the U.S. Food and Drug Administration (FDA) enforces the Food Safety Modernization Act (FSMA), which mandates strict controls over the transportation of food products. This focus on compliance is driving the demand for advanced refrigerated trucks equipped with reliable temperature control systems and real-time monitoring capabilities, ensuring that food safety standards are consistently met throughout the supply chain.

Market Challenges Analysis:

High Operational Costs:

One of the primary restraints in the refrigerated trucks market is the high operational costs associated with maintaining and operating these specialized vehicles. Refrigerated trucks require sophisticated refrigeration units, which are expensive to purchase, install, and maintain. Additionally, these units consume significant amounts of energy, often relying on diesel-powered engines, which contribute to high fuel costs. The rising cost of fuel further exacerbates these expenses, making it challenging for logistics companies to manage operational costs effectively. For smaller operators, these high costs can be prohibitive, limiting their ability to compete with larger, more established players in the market.

Environmental and Regulatory Challenges:

The refrigerated trucks market also faces significant environmental and regulatory challenges. Governments around the world are increasingly imposing stringent emissions standards and environmental regulations, aimed at reducing the carbon footprint of the transportation sector. For instance, the European Union’s Euro 6 standards and similar regulations in other regions mandate lower emissions from commercial vehicles, including refrigerated trucks. Complying with these regulations often requires costly upgrades to vehicles or the adoption of alternative, lower-emission refrigeration technologies, which can be financially burdensome for companies. Additionally, the need to ensure compliance with food safety regulations, such as maintaining precise temperature control during transportation, adds another layer of complexity and cost to operations.

Supply Chain Disruptions:

Supply chain disruptions pose another significant challenge for the refrigerated trucks market. The global supply chain has been under considerable strain due to events such as the COVID-19 pandemic, geopolitical tensions, and natural disasters. These disruptions can lead to delays in the delivery of refrigerated trucks, spare parts, and refrigeration units, causing operational challenges for logistics companies. Furthermore, supply chain volatility can lead to fluctuating prices for key components, further impacting the cost structure and profitability of companies operating in the refrigerated trucks market. As supply chains become more complex and global, these challenges are likely to persist, requiring companies to develop more resilient and adaptable strategies.

Market Segmentation Analysis:

By Type:

The market is divided into light commercial vehicles (LCVs), medium commercial vehicles (MCVs), and heavy commercial vehicles (HCVs). LCVs are widely used for short-distance transportation of perishable goods, offering flexibility and cost-effectiveness. MCVs and HCVs are preferred for long-distance and bulk transportation, providing higher payload capacities and advanced refrigeration systems.

By Technology:

Technological segmentation includes vapor compression systems, eutectic systems, and cryogenic systems. Vapor compression systems dominate the market due to their efficiency and reliability in maintaining precise temperature control. Eutectic systems are gaining popularity for their energy efficiency and ability to maintain low temperatures for extended periods. Cryogenic systems, utilizing liquid nitrogen or carbon dioxide, offer rapid cooling and are used in specialized applications requiring ultra-low temperatures.

By End User:

The end-user segmentation comprises food and beverages, pharmaceuticals, chemicals, and others. The food and beverages segment is the largest, driven by the increasing demand for fresh and frozen products. Pharmaceuticals also contribute significantly, requiring precise temperature control for the safe transportation of vaccines, biologics, and other temperature-sensitive products. The chemicals segment includes the transportation of temperature-sensitive chemicals and industrial products.

Segmentation:

By Type

  • Light Commercial Vehicle
  • Medium Commercial Vehicle
  • Heavy Commercial Vehicle

By Tonnage Capacity

  • <10 Tons
  • 10-20 Tons
  • >20 Tons

By Application

  • Food & Beverages
  • Pharmaceuticals
  • Chemicals
  • Others

By Region

  • North America
    • The U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Regional Analysis:

North America

North America holds the largest market share, accounting for approximately 35% of the global refrigerated trucks market. This dominance is driven by the region’s well-established cold chain infrastructure and the high demand for perishable goods transportation, particularly in the United States and Canada. The U.S., with its vast food and pharmaceutical industries, relies heavily on refrigerated transport to ensure the timely and safe delivery of temperature-sensitive products. The presence of key players in the logistics and transportation sectors further bolsters the market in North America.

Europe

Europe follows closely, holding around 30% of the global market share. The region is characterized by stringent food safety regulations and environmental standards, which drive the demand for advanced refrigerated trucks equipped with efficient and eco-friendly refrigeration systems. Countries such as Germany, France, and the United Kingdom are leading markets within Europe, supported by strong demand for fresh and frozen foods, as well as the transportation of pharmaceuticals. The European Union’s strict regulatory framework, including the Euro 6 emission standards, has prompted significant investments in upgrading fleets to meet these requirements, further stimulating market growth.

Asia-Pacific

Asia-Pacific is the fastest-growing region in the refrigerated trucks market, projected to account for about 25% of the global market share by 2032. This rapid growth is fuelled by increasing urbanization, rising disposable incomes, and the expanding middle class in countries like China and India. The demand for fresh and processed foods, as well as the growing pharmaceutical industry, are key drivers in this region. Additionally, the region is witnessing substantial investments in cold chain logistics infrastructure, particularly in China, where the government is prioritizing the development of efficient logistics systems to support its burgeoning e-commerce sector.

Latin America and the Middle East & Africa

Latin America and the Middle East & Africa together account for the remaining 10% of the market share, with Latin America leading at approximately 7%. In Latin America, Brazil and Mexico are the primary contributors to market growth, driven by the expanding agricultural sector and increasing exports of perishable goods. In the Middle East & Africa, the market is gradually expanding, supported by rising investments in infrastructure and the growing demand for temperature-controlled transportation of food and pharmaceuticals, particularly in the United Arab Emirates and Saudi Arabia.

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Key Player Analysis:

  • Thermo King (Ingersoll Rand)
  • Carrier Transicold (United Technologies Corporation)
  • DAF Trucks N.V.
  •  Hyundai Translead
  • DAIKIN INDUSTRIES Ltd.
  • Ingersoll Rand
  • China International Marine Containers (Group) Co., Ltd.
  • Utility Trailer Manufacturing Company
  • Hyundai Translead Inc.
  • Schmitz Cargobull AG
  • KRONE
  • LAMBERET SAS
  • Wabash National Corporation

Competitive Analysis:

The refrigerated trucks market is highly competitive, characterized by the presence of several key players who dominate the industry through innovation, extensive distribution networks, and advanced technology integration. Major companies such as Thermo King (Ingersoll Rand), Carrier Transicold (United Technologies Corporation), DAF Trucks N.V., and Hyundai Translead lead the market, leveraging their expertise in refrigeration technologies and global reach to maintain a strong market position. These companies focus on developing energy-efficient, environmentally friendly refrigeration systems to meet the increasing regulatory demands and consumer preferences for sustainable solutions. Additionally, they invest significantly in research and development to introduce advanced refrigeration units that offer better temperature control and lower operating costs. The market also sees competition from regional players, particularly in emerging markets, where companies are expanding their fleets to meet the growing demand for cold chain logistics. This competitive landscape is driving continuous innovation and technological advancements in the refrigerated trucks sector.

Recent Developments:

  • Thermo King (Ingersoll Rand) launched a new electric-powered refrigeration unit in 2023, designed to reduce emissions and improve energy efficiency. This unit is part of Thermo King’s broader initiative to develop sustainable cold chain solutions that meet stricter environmental regulations while offering lower operating costs for fleet operators. The new unit has been well-received in markets with stringent emissions standards, such as Europe and North America.
  • Carrier Transicold (United Technologies Corporation) introduced an upgraded version of its flagship refrigeration system in 2022, featuring advanced telematics capabilities. The new system allows fleet operators to monitor and control temperature settings remotely, ensuring optimal conditions for perishable goods during transit. This innovation aligns with Carrier Transicold’s focus on enhancing the reliability and efficiency of cold chain logistics through digital technologies.
  • DAF Trucks N.V. announced in 2024 the expansion of its refrigerated truck portfolio to include models with enhanced fuel efficiency and lower emissions. These new models are equipped with state-of-the-art refrigeration units that comply with the latest European emissions standards, offering customers a more environmentally friendly option for transporting temperature-sensitive goods. DAF’s commitment to sustainability is reflected in its continuous investment in eco-friendly technologies.
  • Hyundai Translead introduced a new line of refrigerated trailers in 2023, featuring lightweight materials and improved insulation technology. These trailers are designed to enhance thermal efficiency, reducing the energy required to maintain stable temperatures inside the trailer. This development is part of Hyundai Translead’s strategy to provide innovative, cost-effective solutions that meet the evolving needs of the cold chain logistics industry.

Market Concentration & Characteristics:

The refrigerated trucks market is moderately concentrated, with a few key players dominating the industry through their advanced technological capabilities, extensive distribution networks, and strong market presence. Companies such as Thermo King (Ingersoll Rand), Carrier Transicold (United Technologies Corporation), DAF Trucks N.V., and Hyundai Translead lead the market by offering innovative and sustainable refrigeration solutions that meet stringent environmental regulations. These market leaders focus on continuous innovation, integrating advanced telematics and energy-efficient refrigeration technologies into their products to maintain a competitive edge. The market is also characterized by a growing emphasis on sustainability, as companies respond to increasing regulatory pressures and consumer demand for eco-friendly solutions. Despite the dominance of these major players, the market remains competitive, with regional companies expanding their operations to meet the rising demand for cold chain logistics in emerging markets. This combination of global dominance and regional competition drives ongoing innovation and technological advancements in the refrigerated trucks market.

Report Coverage:

The research report offers an in-depth analysis based on Type, Tonnage Capacity, Application, and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

  1. The demand for refrigerated trucks is expected to continue growing, driven by increasing global trade in perishable goods and the expanding food and beverage industry.
  2. The market will see further advancements in refrigeration technology, including more energy-efficient and environmentally friendly systems.
  3. Emerging markets, particularly in Asia-Pacific and Latin America, will experience significant growth in refrigerated truck demand due to rising urbanization.
  4. The integration of telematics and IoT technologies in refrigerated trucks will become more widespread.
  5. The market will witness a shift towards electric and hybrid refrigerated trucks as part of a broader effort to reduce carbon emissions.
  6. Companies will prioritize sustainability, developing new refrigeration units that minimize environmental impact while maintaining efficiency and reliability.
  7. The rise of e-commerce, particularly in the grocery sector, will drive demand for refrigerated trucks as retailers seek reliable logistics solutions for the timely delivery of perishable goods.
  8. Smart refrigeration solutions that use AI and machine learning to optimize energy use and maintain optimal temperatures will become more prevalent in the market.
  9. Investments in expanding cold chain infrastructure globally will support the growth of the refrigerated trucks market, particularly in regions with developing logistics capabilities.
  10. The market will remain competitive, with key players continuing to innovate and expand their product offerings to maintain market leadership and meet evolving customer needs.

CHAPTER NO. 1 : INTRODUCTION……………………………………………………………….. 33
1.1.1. Report Description ………………………………………………………………………………………. 33
Purpose of the Report……………………………………………………………………………………………33
USP & Key Offerings………………………………………………………………………………………………33
1.1.2. Key Benefits for Stakeholders………………………………………………………………………… 33
1.1.3. Target Audience ………………………………………………………………………………………….. 34
1.1.4. Report Scope 34
1.1.5. Regional Scope……………………………………………………………………………………………. 35
CHAPTER NO. 2 : EXECUTIVE SUMMARY………………………………………………………. 36
2.1. Refrigerated Trucks Market Snapshot ……………………………………………………………… 36
2.1.1. 37
2.1.2. Global Refrigerated Trucks Market, 2018 – 2032 (K Units) (USD Million)…………………. 38
2.2. Insights from Primary Respondents…………………………………………………………………. 38
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS………………………………. 39
3.1. Russia-Ukraine and Israel-Palestine War Impacts ………………………………………………. 39
CHAPTER NO. 4 : REFRIGERATED TRUCKS MARKET – INDUSTRY ANALYSIS …………. 40
4.1. Introduction 40
4.2. Market Drivers……………………………………………………………………………………………. 41
4.2.1. Driving Factor 1 Analysis……………………………………………………………………………….. 41
4.2.2. Driving Factor 2 Analysis……………………………………………………………………………….. 42
4.3. Market Restraints………………………………………………………………………………………… 43
4.3.1. Restraining Factor Analysis……………………………………………………………………………. 43
4.4. Market Opportunities…………………………………………………………………………………… 44
4.4.1. Market Opportunity Analysis…………………………………………………………………………. 44
4.5. Porter’s Five Forces Analysis………………………………………………………………………….. 45
4.6. Value Chain Analysis…………………………………………………………………………………….. 46
4.7. Buying Criteria47
CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS………………………………………………… 48
5.1. Import Analysis by Region …………………………………………………………………………….. 48
5.1.1. Global Refrigerated Trucks Market Import Volume/Revenue, By Region, 2018 – 2023 . 48
5.2. Export Analysis by Region……………………………………………………………………………… 49
5.2.1. Global Refrigerated Trucks Market Export Volume/Revenue, By Region, 2018 – 2023.. 49
CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS……………………………………………….. 50
6.1. Demand Analysis by Region…………………………………………………………………………… 50
6.1.1. Global Refrigerated Trucks Market Demand Volume/Revenue, By Region, 2018 – 202350
6.2. Supply Analysis by Region……………………………………………………………………………… 51
6.2.1. Global Refrigerated Trucks Market Supply Volume/Revenue, By Region, 2018 – 2023.. 51
CHAPTER NO. 7 : PRODUCTION ANALYSIS ……………………………………………………. 52
7.1. Production Analysis by Region ……………………………………………………………………….. 52
7.1.1. Global Refrigerated Trucks Market Production Volume/Revenue, By Region, 2018 – 2023 …………52
7.1.2. Global Refrigerated Trucks Market Production Volume, By Region, 2018 – 2023 (K Units)………….. 53
CHAPTER NO. 8 : PRICE ANALYSIS……………………………………………………………….. 54
8.1. Price Analysis by Region ……………………………………………………………………………….. 54
8.1.1. Global Refrigerated Trucks Market Price, By Region, 2018 – 2023………………………….. 54
8.1.2. Global Type Market Price, By Region, 2018 – 2023 ……………………………………………… 54
8.2. Price Analysis by Type ………………………………………………………………………………….. 55
8.2.1. Global Refrigerated Trucks Market Price, By Type, 2018 – 2023…………………………….. 55
8.2.2. Global Type Market Price, By Type, 2018 – 2023 ………………………………………………… 55
CHAPTER NO. 9 : RAW MATERIALS ANALYSIS ……………………………………………….. 56
9.1. Key Raw Materials and Suppliers……………………………………………………………………. 56
9.2. Key Raw Materials Price Trend……………………………………………………………………….. 56
CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS ……………………………………… 57
10.1. Manufacturing Cost Analysis………………………………………………………………………….. 57
10.2. Manufacturing Process…………………………………………………………………………………. 57
CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE …………………………………… 58
11.1. Company Market Share Analysis – 2023…………………………………………………………… 58
11.1.1.Global Refrigerated Trucks Market: Company Market Share, by Volume, 2023 ……….. 58
11.1.2.Global Refrigerated Trucks Market: Company Market Share, by Revenue, 2023 ………. 59
11.1.3.Global Refrigerated Trucks Market: Top 6 Company Market Share, by Revenue, 2023. 59
11.1.4.Global Refrigerated Trucks Market: Top 3 Company Market Share, by Revenue, 2023. 60
11.2. Global Refrigerated Trucks Market Company Volume Market Share, 2023 ……………… 61
11.3. Global Refrigerated Trucks Market Company Revenue Market Share, 2023…………….. 62
11.4. Company Assessment Metrics, 2023 ……………………………………………………………….. 63
11.4.1.Stars 63
11.4.2.Emerging Leaders………………………………………………………………………………………… 63
11.4.3.Pervasive Players…………………………………………………………………………………………. 63
11.4.4.Participants 63
11.5. Start-ups /SMEs Assessment Metrics, 2023 ………………………………………………………. 63
11.5.1.Progressive Companies…………………………………………………………………………………. 63
11.5.2.Responsive Companies…………………………………………………………………………………. 63
11.5.3.Dynamic Companies…………………………………………………………………………………….. 63
11.5.4.Starting Blocks ……………………………………………………………………………………………. 63
11.6. Strategic Developments………………………………………………………………………………… 64
11.6.1.Acquisitions & Mergers…………………………………………………………………………………. 64
New Product Launch……………………………………………………………………………………………..64
Regional Expansion ……………………………………………………………………………………………….64
11.7. Key Players Product Matrix……………………………………………………………………………. 65
CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS ………………………………. 66
12.1. PESTEL 66
12.1.1.Political Factors…………………………………………………………………………………………… 66
12.1.2.Economic Factors ………………………………………………………………………………………… 66
12.1.3.Social Factors 66
12.1.4.Technological Factors …………………………………………………………………………………… 66
12.1.5.Environmental Factors………………………………………………………………………………….. 66
12.1.6.Legal Factors 66
12.2. Adjacent Market Analysis……………………………………………………………………………… 66
CHAPTER NO. 13 : REFRIGERATED TRUCKS MARKET – BY TYPE SEGMENT ANALYSIS 67
13.1. Refrigerated Trucks Market Overview, by Type Segment…………………………………….. 67
13.1.1.Refrigerated Trucks Market Volume Share, By Type, 2023 & 2032 ………………………… 68
13.1.2.Refrigerated Trucks Market Revenue Share, By Type, 2023 & 2032 ……………………….. 68
13.1.3.Refrigerated Trucks Market Attractiveness Analysis, By Type ………………………………. 69
13.1.4.Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 …………………………. 69
13.1.5.Refrigerated Trucks Market Revenue, By Type, 2018, 2023, 2027 & 2032 ……………….. 70
13.2. Refrigerated Trailers (Class 8) ………………………………………………………………………… 71
13.2.1.Global Refrigerated Trailers (Class 8) Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million)………………………………………………………. 72
13.2.2.Global Refrigerated Trailers (Class 8) Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ……………………………………………………… 72
13.3. Refrigerated Trucks (Class 5-7)……………………………………………………………………….. 73
13.3.1.Global Refrigerated Trucks (Class 5-7) Refrigerated Trucks Market Volume & Revenue,
By Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………….. 74
13.3.2.Global Refrigerated Trucks (Class 5-7) Refrigerated Trucks Market Volume & Revenue,
By Region, 2024 – 2032 (K Units) (USD Million)………………………………………………….. 74
13.4. Refrigerated Containers………………………………………………………………………………… 75
13.5. Global Refrigerated Containers Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million)………………………………………………………. 76
13.6. Global Refrigerated Containers Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ……………………………………………………… 76
CHAPTER NO. 14 : REFRIGERATED TRUCKS MARKET – BY APPLICATION SEGMENT
ANALYSIS ……………………………………………………………………….. 77
14.1. Refrigerated Trucks Market Overview, by Application Segment……………………………. 77
14.1.1.Refrigerated Trucks Market Volume Share, By Application, 2023 & 2032 ……………….. 78
14.1.2.Refrigerated Trucks Market Revenue Share, By Application, 2023 & 2032 ………………. 78
14.1.3.Refrigerated Trucks Market Attractiveness Analysis, By Application ……………………… 79
14.1.4.Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 ………………… 79
14.1.5.Refrigerated Trucks Market Revenue, By Application, 2018, 2023, 2027 & 2032 ………. 80
14.2. Food & Beverages………………………………………………………………………………………… 81
14.2.1.Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) …………………………………………………………………. 82
14.2.2.Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million)…………………………………………………………………. 82
14.3. Pharmaceuticals………………………………………………………………………………………….. 83
14.3.1.Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2018
– 2023 (K Units) (USD Million)…………………………………………………………………………. 84
14.3.2.Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2024
– 2032 (K Units) (USD Million)………………………………………………………………………… 84
14.4. Chemicals 85
14.5. Global Chemicals Refrigerated Trucks Market Volume & Revenue, By Region, 2018 –
2023 (K Units) (USD Million) ………………………………………………………………………….. 86
14.6. Global Chemicals Refrigerated Trucks Market Volume & Revenue, By Region, 2024 –
2032 (K Units) (USD Million) ………………………………………………………………………….. 86
CHAPTER NO. 15 : REFRIGERATED TRUCKS MARKET – BY REEFER TYPES SEGMENT
ANALYSIS ……………………………………………………………………….. 87
15.1. Refrigerated Trucks Market Overview, by Reefer Types Segment………………………….. 87
15.1.1.Refrigerated Trucks Market Volume Share, By Reefer Types, 2023 & 2032 ……………… 88
15.1.2.Refrigerated Trucks Market Revenue Share, By Reefer Types, 2023 & 2032…………….. 88
15.1.3.Refrigerated Trucks Market Attractiveness Analysis, By Reefer Types……………………. 89
15.1.4.Incremental Revenue Growth Opportunity, by Reefer Types, 2024 – 2032………………. 89
15.1.5.Refrigerated Trucks Market Revenue, By Reefer Types, 2018, 2023, 2027 & 2032…….. 90
15.2. Frozen (-18°C to -30°C)………………………………………………………………………………….. 91
15.2.1.Global Frozen (-18°C to -30°C) Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million)………………………………………………………. 92
15.2.2.Global Frozen (-18°C to -30°C) Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ……………………………………………………… 92
15.3. Chilled (0°C to +8°C)……………………………………………………………………………………… 93
15.3.1.Global Chilled (0°C to +8°C) Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) …………………………………………………………………. 94
15.3.2.Global Chilled (0°C to +8°C) Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million)…………………………………………………………………. 94
15.4. Multi-temperature Zones ……………………………………………………………………………… 95
15.5. Global Multi-temperature Zones Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million)………………………………………………………. 96
15.6. Global Multi-temperature Zones Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ……………………………………………………… 96
15.7. Cryogenic Cooling………………………………………………………………………………………… 97
15.7.1.Global Cryogenic Cooling Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) …………………………………………………………………. 98
15.7.2.Global Cryogenic Cooling Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million)…………………………………………………………………. 98
CHAPTER NO. 16 : REFRIGERATED TRUCKS MARKET – BY DISTANCE COVERAGE
SEGMENT ANALYSIS …………………………………………………………. 99
16.1. Refrigerated Trucks Market Overview, by Distance Coverage Segment ………………….. 99
16.1.1.Refrigerated Trucks Market Volume Share, By Distance Coverage, 2023 & 2032…….. 100
16.1.2.Refrigerated Trucks Market Revenue Share, By Distance Coverage, 2023 & 2032 …… 100
16.1.3.Refrigerated Trucks Market Attractiveness Analysis, By Distance Coverage…………… 101
16.1.4.Incremental Revenue Growth Opportunity, by Distance Coverage, 2024 – 2032……… 101
16.1.5.Refrigerated Trucks Market Revenue, By Distance Coverage, 2018, 2023, 2027 & 2032……102
16.2. Short urban routes (30–50 km) …………………………………………………………………….. 103
16.2.1.Global Short urban routes (30–50 km) Refrigerated Trucks Market Volume & Revenue,
By Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………… 104
16.2.2.Global Short urban routes (30–50 km) Refrigerated Trucks Market Volume & Revenue,
By Region, 2024 – 2032 (K Units) (USD Million)………………………………………………… 104
16.3. Medium (50-250 km)………………………………………………………………………………….. 105
16.3.1.Global Medium (50-250 km) Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) ……………………………………………………………….. 106
16.3.2.Global Medium (50-250 km) Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million)……………………………………………………………….. 106
16.4. Long-haul transport (250+ km)……………………………………………………………………… 107
16.5. Global Long-haul transport (250+ km) Refrigerated Trucks Market Volume & Revenue,
By Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………… 108
16.6. Global Long-haul transport (250+ km) Refrigerated Trucks Market Volume & Revenue,
By Region, 2024 – 2032 (K Units) (USD Million)………………………………………………… 108
CHAPTER NO. 17 : REFRIGERATED TRUCKS MARKET – BY ELECTRIFICATION SEGMENT
ANALYSIS ……………………………………………………………………… 109
17.1. Refrigerated Trucks Market Overview, by Electrification Segment ………………………. 109
17.1.1.Refrigerated Trucks Market Volume Share, By Electrification, 2023 & 2032…………… 110
17.1.2.Refrigerated Trucks Market Revenue Share, By Electrification, 2023 & 2032 …………. 110
17.1.3.Refrigerated Trucks Market Attractiveness Analysis, By Electrification…………………. 111
17.1.4.Incremental Revenue Growth Opportunity, by Electrification, 2024 – 2032……………. 111
17.1.5.Refrigerated Trucks Market Revenue, By Electrification, 2018, 2023, 2027 & 2032 …. 112
17.2. Electric Refrigerated Trucks & Trailers……………………………………………………………. 113
17.2.1.Global Electric Refrigerated Trucks & Trailers Refrigerated Trucks Market Volume &
Revenue, By Region, 2018 – 2023 (K Units) (USD Million) …………………………………… 114
17.2.2.Global Electric Refrigerated Trucks & Trailers Refrigerated Trucks Market Volume &
Revenue, By Region, 2024 – 2032 (K Units) (USD Million)…………………………………… 115
17.3. Battery-Powered Reefers…………………………………………………………………………….. 116
17.3.1.Global Battery-Powered Reefers Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million)…………………………………………………….. 117
17.3.2.Global Battery-Powered Reefers Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ……………………………………………………. 118
17.4. Solar-Powered Refrigeration Units………………………………………………………………… 119
17.5. Global Solar-Powered Refrigeration Units Refrigerated Trucks Market Volume &
Revenue, By Region, 2018 – 2023 (K Units) (USD Million) …………………………………… 120
17.6. Global Solar-Powered Refrigeration Units Refrigerated Trucks Market Volume &
Revenue, By Region, 2024 – 2032 (K Units) (USD Million)…………………………………… 121
17.7. Electrification 4 …………………………………………………………………………………………. 122
17.7.1.Global Electrification 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2018
– 2023 (K Units) (USD Million)……………………………………………………………………….. 123
17.7.2.Global Electrification 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2024
– 2032 (K Units) (USD Million)………………………………………………………………………. 124
CHAPTER NO. 18 : REFRIGERATED TRUCKS MARKET – REGIONAL ANALYSIS……….. 125
18.1. Refrigerated Trucks Market Overview, by Regional Segments…………………………….. 125
18.2. Region 126
18.2.1.Global Refrigerated Trucks Market Volume Share, By Region, 2023 & 2032…………… 126
18.2.2.Global Refrigerated Trucks Market Revenue Share, By Region, 2023 & 2032 …………. 126
18.2.3.Refrigerated Trucks Market Attractiveness Analysis, By Region ………………………….. 127
18.2.4.Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 …………………….. 127
18.2.5.Refrigerated Trucks Market Revenue, By Region, 2018, 2023, 2027 & 2032 …………… 128
CHAPTER NO. 19 : REFRIGERATED TRUCKS MARKET – NORTH AMERICA……………. 129
19.1. North America129
19.1.1.Key Highlights 129
19.1.2.North America Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units) 130
19.1.3.North America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 131
19.1.4.North America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) .. 132
19.1.5.North America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 133
19.1.6.North America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 134
19.1.7.North America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 135
19.1.8.North America Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units) 136
19.1.9.North America Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million) 137
19.1.10. North America Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K Units) ……………………………………………………………………. 138
19.1.11. North America Refrigerated Trucks Market Revenue, By Distance
Coverage, 2018 – 2023 (USD Million) ……………………………………………………………… 139
19.1.12. North America Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units) ………………………………………………………………………………….. 140
19.1.13. North America Refrigerated Trucks Market Revenue, By Electrification,
2018 – 2023 (USD Million) ……………………………………………………………………………. 141
19.2. U.S. 142
19.3. Canada 142
19.4. Mexico 142
CHAPTER NO. 20 : REFRIGERATED TRUCKS MARKET – EUROPE………………………… 143
20.1. Europe 143
20.1.1.Key Highlights 143
20.1.2.Europe Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units)……… 144
20.1.3.Europe Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 145
20.1.4.Europe Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)………….. 146
20.1.5.Europe Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) ….. 147
20.1.6.Europe Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units)…. 148
20.1.7.Europe Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 149
20.1.8.Europe Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units) . 150
20.1.9.Europe Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million) 151
20.1.10. Europe Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K Units) 152
20.1.11. Europe Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023 (USD Million) ………….. 153
20.1.12. Europe Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units) 154
20.1.13. Europe Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD Million) ……….. 155
20.2. UK 156
20.3. France 156
20.4. Germany 156
20.5. Italy 156
20.6. Spain 156
20.7. Russia 156
20.8. Belgium 156
20.9. Netherland 156
20.10. Austria 156
20.11. Sweden 156
20.12. Poland 156
20.13. Denmark 156
20.14. Switzerland 156
20.15. Rest of Europe156
CHAPTER NO. 21 : REFRIGERATED TRUCKS MARKET – ASIA PACIFIC………………….. 157
21.1. Asia Pacific 157
21.1.1.Key Highlights 157
21.1.2.Asia Pacific Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units)… 158
21.1.3.Asia Pacific Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 159
21.1.4.Asia Pacific Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)…….. 160
21.1.5.Asia Pacific Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)161
21.1.6.Asia Pacific Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 162
21.1.7.Asia Pacific Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 163
21.1.8.Asia Pacific Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units) 164
21.1.9.Asia Pacific Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million) 165
21.1.10. Asia Pacific Refrigerated Trucks Market Volume, By Distance Coverage,
2018 – 2023 (K Units) ………………………………………………………………………………….. 166
21.1.11. Asia Pacific Refrigerated Trucks Market Revenue, By Distance Coverage,
2018 – 2023 (USD Million) ……………………………………………………………………………. 167
21.1.12. Asia Pacific Refrigerated Trucks Market Volume, By Electrification, 2018 –
2023 (K Units) 168
21.1.13. Asia Pacific Refrigerated Trucks Market Revenue, By Electrification, 2018 –
2023 (USD Million) …………………………………………………………………………………….. 169
21.2. China 170
21.3. Japan 170
21.4. South Korea 170
21.5. India 170
21.6. Australia 170
21.7. Thailand 170
21.8. Indonesia 170
21.9. Vietnam 170
21.10. Malaysia 170
21.11. Philippines 170
21.12. Taiwan 170
21.13. Rest of Asia Pacific……………………………………………………………………………………… 170
CHAPTER NO. 22 : REFRIGERATED TRUCKS MARKET – LATIN AMERICA……………… 171
22.1. Latin America 171
22.1.1.Key Highlights 171
22.1.2.Latin America Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units)172
22.1.3.Latin America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 173
22.1.4.Latin America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)…. 174
22.1.5.Latin America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 175
22.1.6.Latin America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 176
22.1.7.Latin America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 177
22.1.8.Latin America Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units) 178
22.1.9.Latin America Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million) 179
22.1.10. Latin America Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K Units) ………………….. 180
22.1.11. Latin America Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023 (USD Million) …………….. 181
22.1.12. Latin America Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units) …………… 182
22.1.13. Latin America Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD Million) ………………….. 183
22.2. Brazil 184
22.3. Argentina 184
22.4. Peru 184
22.5. Chile 184
22.6. Colombia 184
22.7. Rest of Latin America………………………………………………………………………………….. 184
CHAPTER NO. 23 : REFRIGERATED TRUCKS MARKET – MIDDLE EAST…………………. 185
23.1. Middle East 185
23.1.1.Key Highlights 185
23.1.2.Middle East Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units).. 186
23.1.3.Middle East Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 187
23.1.4.Middle East Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)……. 188
23.1.5.Middle East Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)189
23.1.6.Middle East Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 190
23.1.7.Middle East Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 191
23.1.8.Middle East Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units) 192
23.1.9.Middle East Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million) 193
23.1.10. Middle East Refrigerated Trucks Market Volume, By Distance Coverage,
2018 – 2023 (K Units) ………………………………………………………………………………….. 194
23.1.11. Middle East Refrigerated Trucks Market Revenue, By Distance Coverage,
2018 – 2023 (USD Million) ……………………………………………………………………………. 195
23.1.12. Middle East Refrigerated Trucks Market Volume, By Electrification, 2018 –
2023 (K Units) 196
23.1.13. Middle East Refrigerated Trucks Market Revenue, By Electrification, 2018
– 2023 (USD Million) …………………………………………………………………………………… 197
23.2. UAE 198
23.3. KSA 198
23.4. Israel 198
23.5. Turkey 198
23.6. Iran 198
23.7. Rest of Middle East…………………………………………………………………………………….. 198
CHAPTER NO. 24 : REFRIGERATED TRUCKS MARKET – AFRICA …………………………. 199
24.1. Africa 199
24.1.1.Key Highlights 199
24.1.2.Africa Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units)……….. 200
24.1.3.Africa Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) .. 201
24.1.4.Africa Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)……………. 202
24.1.5.Africa Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)……. 203
24.1.6.Africa Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units)…… 204
24.1.7.Africa Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 205
24.1.8.Africa Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units) … 206
24.1.9.Africa Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million) 207
24.1.10. Africa Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K Units) 208
24.1.11. Africa Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 –
2023 (USD Million) …………………………………………………………………………………….. 209
24.1.12. Africa Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units) 210
24.1.13. Africa Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD Million) 211
24.2. Egypt 212
24.3. Nigeria 212
24.4. Algeria 212
24.5. Morocco 212
24.6. Rest of Africa 212
CHAPTER NO. 25 : COMPANY PROFILES……………………………………………………….. 213
25.1. Thermo King (a subsidiary of Trane Technologies) ……………………………………………. 213
25.1.1.Company Overview ……………………………………………………………………………………. 213
25.1.2.Product Portfolio……………………………………………………………………………………….. 213
25.1.3.Swot Analysis 213
25.1.4.Business Strategy ………………………………………………………………………………………. 213
25.1.5.Financial Overview …………………………………………………………………………………….. 214
25.2. Carrier Transicold (a part of United Technologies Corporation)…………………………… 215
25.3. Schmitz Cargobull AG …………………………………………………………………………………. 215
25.4. Hyundai Motor Company…………………………………………………………………………….. 215
25.5. Tata Motors Limited…………………………………………………………………………………… 215
25.6. Company 6 215
25.7. Company 7 215
25.8. Company 8 215
25.9. Company 9 215
25.10. Company 10 215
25.11. Company 11 215
25.12. Company 12 215
25.13. Company 13 215
25.14. Company 14 215

List of Figures
FIG NO. 1. Global Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD
Million)…………………………………………………………………………………………………………………….38
FIG NO. 2. Porter’s Five Forces Analysis for Global Refrigerated Trucks Market………………………………..45
FIG NO. 3. Value Chain Analysis for Global Refrigerated Trucks Market …………………………………………..46
FIG NO. 4. Global Refrigerated Trucks Market Import Volume/Revenue, By Region, 2018 – 2023 ……….48
FIG NO. 5. Global Refrigerated Trucks Market Export Volume/Revenue, By Region, 2018 – 2023………..49
FIG NO. 6. Global Refrigerated Trucks Market Demand Volume/Revenue, By Region, 2018 – 2023……..50
FIG NO. 7. Global Refrigerated Trucks Market Supply Volume/Revenue, By Region, 2018 – 2023 ……….51
FIG NO. 8. Global Refrigerated Trucks Market Production Volume/Revenue, By Region, 2018 – 2023 …52
FIG NO. 9. Global Refrigerated Trucks Market Price, By Region, 2018 – 2023 ……………………………………54
FIG NO. 10. Global Refrigerated Trucks Market Price, By Type, 2018 – 2023 ………………………………………55
FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 …………………………………………………………..56
FIG NO. 12. Manufacturing Cost Analysis……………………………………………………………………………………….57
FIG NO. 13. Manufacturing Process ………………………………………………………………………………………………57
FIG NO. 14. Company Share Analysis, 2023 ……………………………………………………………………………………58
FIG NO. 15. Company Share Analysis, 2023 ……………………………………………………………………………………59
FIG NO. 16. Company Share Analysis, 2023 ……………………………………………………………………………………59
FIG NO. 17. Company Share Analysis, 2023 ……………………………………………………………………………………60
FIG NO. 18. Refrigerated Trucks Market – Company Volume Market Share, 2023 ……………………………..61
FIG NO. 19. Refrigerated Trucks Market – Company Revenue Market Share, 2023……………………………..62
FIG NO. 20. Refrigerated Trucks Market Volume Share, By Type, 2023 & 2032…………………………………..68
FIG NO. 21. Refrigerated Trucks Market Revenue Share, By Type, 2023 & 2032 …………………………………68
FIG NO. 22. Market Attractiveness Analysis, By Type ………………………………………………………………………69
FIG NO. 23. Incremental Revenue Growth Opportunity by Type, 2024 – 2032…………………………………….69
FIG NO. 24. Refrigerated Trucks Market Revenue, By Type, 2018, 2023, 2027 & 2032 ………………………..70
FIG NO. 25. Global Refrigerated Trucks Market for Refrigerated Trailers (Class 8), Volume & Revenue
(K Units) (USD Million) 2018 – 2032 ……………………………………………………………………………..71
FIG NO. 26. Global Refrigerated Trucks Market for Refrigerated Trucks (Class 5-7), Volume & Revenue
(K Units) (USD Million) 2018 – 2032 ……………………………………………………………………………..73
FIG NO. 27. Global Refrigerated Trucks Market for Refrigerated Containers, Volume & Revenue (K
Units) (USD Million) 2018 – 2032………………………………………………………………………………….75
FIG NO. 28. Refrigerated Trucks Market Volume Share, By Application, 2023 & 2032 …………………………78
FIG NO. 29. Refrigerated Trucks Market Revenue Share, By Application, 2023 & 2032………………………..78
FIG NO. 30. Market Attractiveness Analysis, By Application……………………………………………………………..79
FIG NO. 31. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 …………………………..79
FIG NO. 32. Refrigerated Trucks Market Revenue, By Application, 2018, 2023, 2027 & 2032 ……………….80
FIG NO. 33. Global Refrigerated Trucks Market for Food & Beverages, Volume & Revenue (K Units)
(USD Million) 2018 – 2032 …………………………………………………………………………………………..81
FIG NO. 34. Global Refrigerated Trucks Market for Pharmaceuticals, Volume & Revenue (K Units)
(USD Million) 2018 – 2032 …………………………………………………………………………………………..83
FIG NO. 35. Global Refrigerated Trucks Market for Chemicals, Volume & Revenue (K Units) (USD
Million) 2018 – 2032…………………………………………………………………………………………………..85
FIG NO. 36. Refrigerated Trucks Market Volume Share, By Reefer Types, 2023 & 2032……………………….88
FIG NO. 37. Refrigerated Trucks Market Revenue Share, By Reefer Types, 2023 & 2032 ……………………..88
FIG NO. 38. Market Attractiveness Analysis, By Reefer Types…………………………………………………………..89
FIG NO. 39. Incremental Revenue Growth Opportunity by Reefer Types, 2024 – 2032…………………………89
FIG NO. 40. Refrigerated Trucks Market Revenue, By Reefer Types, 2018, 2023, 2027 & 2032 …………….90
FIG NO. 41. Global Refrigerated Trucks Market for Frozen (-18°C to -30°C), Volume & Revenue (K
Units) (USD Million) 2018 – 2032………………………………………………………………………………….91
FIG NO. 42. Global Refrigerated Trucks Market for Chilled (0°C to +8°C), Volume & Revenue (K Units)
(USD Million) 2018 – 2032 …………………………………………………………………………………………..93
FIG NO. 43. Global Refrigerated Trucks Market for Multi-temperature Zones, Volume & Revenue (K
Units) (USD Million) 2018 – 2032………………………………………………………………………………….95
FIG NO. 44. Global Refrigerated Trucks Market for Cryogenic Cooling, Volume & Revenue (K Units)
(USD Million) 2018 – 2032 …………………………………………………………………………………………..97
FIG NO. 45. Refrigerated Trucks Market Volume Share, By Distance Coverage, 2023 & 2032……………..100
FIG NO. 46. Refrigerated Trucks Market Revenue Share, By Distance Coverage, 2023 & 2032 ……………100
FIG NO. 47. Market Attractiveness Analysis, By Distance Coverage …………………………………………………101
FIG NO. 48. Incremental Revenue Growth Opportunity by Distance Coverage, 2024 – 2032……………….101
FIG NO. 49. Refrigerated Trucks Market Revenue, By Distance Coverage, 2018, 2023, 2027 & 2032 …..102
FIG NO. 50. Global Refrigerated Trucks Market for Short urban routes (30–50 km), Volume & Revenue
(K Units) (USD Million) 2018 – 2032 ……………………………………………………………………………103
FIG NO. 51. Global Refrigerated Trucks Market for Medium (50-250 km), Volume & Revenue (K Units)
(USD Million) 2018 – 2032 …………………………………………………………………………………………105
FIG NO. 52. Global Refrigerated Trucks Market for Long-haul transport (250+ km), Volume & Revenue
(K Units) (USD Million) 2018 – 2032 ……………………………………………………………………………107
FIG NO. 53. Refrigerated Trucks Market Volume Share, By Electrification, 2023 & 2032 ……………………110
FIG NO. 54. Refrigerated Trucks Market Revenue Share, By Electrification, 2023 & 2032…………………..110
FIG NO. 55. Market Attractiveness Analysis, By Electrification………………………………………………………..111
FIG NO. 56. Incremental Revenue Growth Opportunity by Electrification, 2024 – 2032 ……………………..111
FIG NO. 57. Refrigerated Trucks Market Revenue, By Electrification, 2018, 2023, 2027 & 2032 ………….112
FIG NO. 58. Global Refrigerated Trucks Market for Electric Refrigerated Trucks & Trailers, Volume &
Revenue (K Units) (USD Million) 2018 – 2032 ………………………………………………………………113
FIG NO. 59. Global Refrigerated Trucks Market for Battery-Powered Reefers, Volume & Revenue (K
Units) (USD Million) 2018 – 2032………………………………………………………………………………..116
FIG NO. 60. Global Refrigerated Trucks Market for Solar-Powered Refrigeration Units, Volume &
Revenue (K Units) (USD Million) 2018 – 2032 ………………………………………………………………119
FIG NO. 61. Global Refrigerated Trucks Market for Electrification 4, Volume & Revenue (K Units) (USD
Million) 2018 – 2032…………………………………………………………………………………………………122
FIG NO. 62. Global Refrigerated Trucks Market Volume Share, By Region, 2023 & 2032 ……………………126
FIG NO. 63. Global Refrigerated Trucks Market Revenue Share, By Region, 2023 & 2032…………………..126
FIG NO. 64. Market Attractiveness Analysis, By Region………………………………………………………………….127
FIG NO. 65. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 ……………………………….127
FIG NO. 66. Refrigerated Trucks Market Revenue, By Region, 2018, 2023, 2027 & 2032 ……………………128
FIG NO. 67. North America Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units)
(USD Million)…………………………………………………………………………………………………………..129
FIG NO. 68. Europe Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD
Million)…………………………………………………………………………………………………………………..143
FIG NO. 69. Asia Pacific Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD
Million)…………………………………………………………………………………………………………………..157
FIG NO. 70. Latin America Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD
Million)…………………………………………………………………………………………………………………..171
FIG NO. 71. Middle East Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD
Million)…………………………………………………………………………………………………………………..185
FIG NO. 72. Africa Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD
Million)…………………………………………………………………………………………………………………..199

List of Tables
TABLE NO. 1. : Global Refrigerated Trucks Market: Snapshot……………………………………………………………….36
TABLE NO. 2. : Drivers for the Refrigerated Trucks Market: Impact Analysis…………………………………………..41
TABLE NO. 3. : Restraints for the Refrigerated Trucks Market: Impact Analysis ………………………………………43
TABLE NO. 4. : Global Refrigerated Trucks Market Production Volume, By Region, 2018 – 2023 (K Units) ….53
TABLE NO. 5. : Global Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 ……………….54
TABLE NO. 6. : Global Refrigerated Trucks Market Volume & Revenue, By Type, 2018 – 2023 ………………….55
TABLE NO. 7. : Key Raw Materials & Suppliers ……………………………………………………………………………………56
TABLE NO. 8. : Global Refrigerated Trailers (Class 8) Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………………………….72
TABLE NO. 9. : Global Refrigerated Trailers (Class 8) Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ………………………………………………………………….72
TABLE NO. 10. : Global Refrigerated Trucks (Class 5-7) Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………………………….74
TABLE NO. 11. : Global Refrigerated Trucks (Class 5-7) Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ………………………………………………………………….74
TABLE NO. 12. : Global Refrigerated Containers Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………………………….76
TABLE NO. 13. : Global Refrigerated Containers Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ………………………………………………………………….76
TABLE NO. 14. : Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) ……………………………………………………………………………..82
TABLE NO. 15. : Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million) ……………………………………………………………………………..82
TABLE NO. 16. : Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2018
– 2023 (K Units) (USD Million) ……………………………………………………………………………………..84
TABLE NO. 17. : Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2024
– 2032 (K Units) (USD Million) ……………………………………………………………………………………..84
TABLE NO. 18. : Global Chemicals Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023
(K Units) (USD Million) ……………………………………………………………………………………………….86
TABLE NO. 19. : Global Chemicals Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032
(K Units) (USD Million) ……………………………………………………………………………………………….86
TABLE NO. 20. : Global Frozen (-18°C to -30°C) Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) ……………………………………………………………………………..92
TABLE NO. 21. : Global Frozen (-18°C to -30°C) Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million) ……………………………………………………………………………..92
TABLE NO. 22. : Global Chilled (0°C to +8°C) Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) ……………………………………………………………………………..94
TABLE NO. 23. : Global Chilled (0°C to +8°C) Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million) ……………………………………………………………………………..94
TABLE NO. 24. : Global Multi-temperature Zones Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………………………….96
TABLE NO. 25. : Global Multi-temperature Zones Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ………………………………………………………………….96
TABLE NO. 26. : Global Cryogenic Cooling Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) ……………………………………………………………………………..98
TABLE NO. 27. : Global Cryogenic Cooling Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million) ……………………………………………………………………………..98
TABLE NO. 28. : Global Short urban routes (30–50 km) Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………………………..104
TABLE NO. 29. : Global Short urban routes (30–50 km) Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ………………………………………………………………..104
TABLE NO. 30. : Global Medium (50-250 km) Refrigerated Trucks Market Volume & Revenue, By Region,
2018 – 2023 (K Units) (USD Million) ……………………………………………………………………………106
TABLE NO. 31. : Global Medium (50-250 km) Refrigerated Trucks Market Volume & Revenue, By Region,
2024 – 2032 (K Units) (USD Million) ……………………………………………………………………………106
TABLE NO. 32. : Global Long-haul transport (250+ km) Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………………………..108
TABLE NO. 33. : Global Long-haul transport (250+ km) Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ………………………………………………………………..108
TABLE NO. 34. : Global Electric Refrigerated Trucks & Trailers Refrigerated Trucks Market Volume &
Revenue, By Region, 2018 – 2023 (K Units) (USD Million)………………………………………………114
TABLE NO. 35. : Global Electric Refrigerated Trucks & Trailers Refrigerated Trucks Market Volume &
Revenue, By Region, 2024 – 2032 (K Units) (USD Million)………………………………………………115
TABLE NO. 36. : Global Battery-Powered Reefers Refrigerated Trucks Market Volume & Revenue, By
Region, 2018 – 2023 (K Units) (USD Million) ………………………………………………………………..117
TABLE NO. 37. : Global Battery-Powered Reefers Refrigerated Trucks Market Volume & Revenue, By
Region, 2024 – 2032 (K Units) (USD Million) ………………………………………………………………..118
TABLE NO. 38. : Global Solar-Powered Refrigeration Units Refrigerated Trucks Market Volume & Revenue,
By Region, 2018 – 2023 (K Units) (USD Million)…………………………………………………………….120
TABLE NO. 39. : Global Solar-Powered Refrigeration Units Refrigerated Trucks Market Volume & Revenue,
By Region, 2024 – 2032 (K Units) (USD Million)…………………………………………………………….121
TABLE NO. 40. : Global Electrification 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2018 –
2023 (K Units) (USD Million) ……………………………………………………………………………………..123
TABLE NO. 41. : Global Electrification 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2024 –
2032 (K Units) (USD Million) ……………………………………………………………………………………..124
TABLE NO. 42. : North America Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units)……130
TABLE NO. 43. : North America Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units)……130
TABLE NO. 44. : North America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..131
TABLE NO. 45. : North America Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..131
TABLE NO. 46. : North America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)………..132
TABLE NO. 47. : North America Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units)………..132
TABLE NO. 48. : North America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)..133
TABLE NO. 49. : North America Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million)..133
TABLE NO. 50. : North America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units).134
TABLE NO. 51. : North America Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units).134
TABLE NO. 52. : North America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..135
TABLE NO. 53. : North America Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..135
TABLE NO. 54. : North America Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K
Units)……………………………………………………………………………………………………………………..136
TABLE NO. 55. : North America Refrigerated Trucks Market Volume, By Reefer Types, 2024 – 2032 (K
Units)……………………………………………………………………………………………………………………..136
TABLE NO. 56. : North America Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..137
TABLE NO. 57. : North America Refrigerated Trucks Market Revenue, By Reefer Types, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..137
TABLE NO. 58. : North America Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K
Units)……………………………………………………………………………………………………………………..138
TABLE NO. 59. : North America Refrigerated Trucks Market Volume, By Distance Coverage, 2024 – 2032 (K
Units)……………………………………………………………………………………………………………………..138
TABLE NO. 60. : North America Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………..139
TABLE NO. 61. : North America Refrigerated Trucks Market Revenue, By Distance Coverage, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………..139
TABLE NO. 62. : North America Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K
Units)……………………………………………………………………………………………………………………..140
TABLE NO. 63. : North America Refrigerated Trucks Market Volume, By Electrification, 2024 – 2032 (K
Units)……………………………………………………………………………………………………………………..140
TABLE NO. 64. : North America Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..141
TABLE NO. 65. : North America Refrigerated Trucks Market Revenue, By Electrification, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..141
TABLE NO. 66. : Europe Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units)………………144
TABLE NO. 67. : Europe Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units)………………144
TABLE NO. 68. : Europe Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million)………145
TABLE NO. 69. : Europe Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million)………145
TABLE NO. 70. : Europe Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) …………………..146
TABLE NO. 71. : Europe Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) …………………..146
TABLE NO. 72. : Europe Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)…………..147
TABLE NO. 73. : Europe Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million)…………..147
TABLE NO. 74. : Europe Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units)………….148
TABLE NO. 75. : Europe Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units)………….148
TABLE NO. 76. : Europe Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million)….149
TABLE NO. 77. : Europe Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD Million)….149
TABLE NO. 78. : Europe Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units)……….150
TABLE NO. 79. : Europe Refrigerated Trucks Market Volume, By Reefer Types, 2024 – 2032 (K Units)……….150
TABLE NO. 80. : Europe Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million).151
TABLE NO. 81. : Europe Refrigerated Trucks Market Revenue, By Reefer Types, 2024 – 2032 (USD Million).151
TABLE NO. 82. : Europe Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K Units) .152
TABLE NO. 83. : Europe Refrigerated Trucks Market Volume, By Distance Coverage, 2024 – 2032 (K Units) .152
TABLE NO. 84. : Europe Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..153
TABLE NO. 85. : Europe Refrigerated Trucks Market Revenue, By Distance Coverage, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..153
TABLE NO. 86. : Europe Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units)………154
TABLE NO. 87. : Europe Refrigerated Trucks Market Volume, By Electrification, 2024 – 2032 (K Units)………154
TABLE NO. 88. : Europe Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD Million)155
TABLE NO. 89. : Europe Refrigerated Trucks Market Revenue, By Electrification, 2024 – 2032 (USD Million)155
TABLE NO. 90. : Asia Pacific Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units)…………158
TABLE NO. 91. : Asia Pacific Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units)…………158
TABLE NO. 92. : Asia Pacific Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million)…159
TABLE NO. 93. : Asia Pacific Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million)…159
TABLE NO. 94. : Asia Pacific Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)……………..160
TABLE NO. 95. : Asia Pacific Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units)……………..160
TABLE NO. 96. : Asia Pacific Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)……..161
TABLE NO. 97. : Asia Pacific Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million)……..161
TABLE NO. 98. : Asia Pacific Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) ……162
TABLE NO. 99. : Asia Pacific Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) ……162
TABLE NO. 100. : Asia Pacific Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..163
TABLE NO. 101. : Asia Pacific Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..163
TABLE NO. 102. : Asia Pacific Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units)….164
TABLE NO. 103. : Asia Pacific Refrigerated Trucks Market Volume, By Reefer Types, 2024 – 2032 (K Units)….164
TABLE NO. 104. : Asia Pacific Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..165
TABLE NO. 105. : Asia Pacific Refrigerated Trucks Market Revenue, By Reefer Types, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..165
TABLE NO. 106. : Asia Pacific Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K
Units)……………………………………………………………………………………………………………………..166
TABLE NO. 107. : Asia Pacific Refrigerated Trucks Market Volume, By Distance Coverage, 2024 – 2032 (K
Units)……………………………………………………………………………………………………………………..166
TABLE NO. 108. : Asia Pacific Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..167
TABLE NO. 109. : Asia Pacific Refrigerated Trucks Market Revenue, By Distance Coverage, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..167
TABLE NO. 110. : Asia Pacific Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units) ..168
TABLE NO. 111. : Asia Pacific Refrigerated Trucks Market Volume, By Electrification, 2024 – 2032 (K Units) ..168
TABLE NO. 112. : Asia Pacific Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..169
TABLE NO. 113. : Asia Pacific Refrigerated Trucks Market Revenue, By Electrification, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..169
TABLE NO. 114. : Latin America Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units)……..172
TABLE NO. 115. : Latin America Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units)……..172
TABLE NO. 116. : Latin America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..173
TABLE NO. 117. : Latin America Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..173
TABLE NO. 118. : Latin America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)………….174
TABLE NO. 119. : Latin America Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units)………….174
TABLE NO. 120. : Latin America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)….175
TABLE NO. 121. : Latin America Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million)….175
TABLE NO. 122. : Latin America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) ..176
TABLE NO. 123. : Latin America Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) ..176
TABLE NO. 124. : Latin America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..177
TABLE NO. 125. : Latin America Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..177
TABLE NO. 126. : Latin America Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units)178
TABLE NO. 127. : Latin America Refrigerated Trucks Market Volume, By Reefer Types, 2024 – 2032 (K Units)178
TABLE NO. 128. : Latin America Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..179
TABLE NO. 129. : Latin America Refrigerated Trucks Market Revenue, By Reefer Types, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..179
TABLE NO. 130. : Latin America Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K
Units)……………………………………………………………………………………………………………………..180
TABLE NO. 131. : Latin America Refrigerated Trucks Market Volume, By Distance Coverage, 2024 – 2032 (K
Units)……………………………………………………………………………………………………………………..180
TABLE NO. 132. : Latin America Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………..181
TABLE NO. 133. : Latin America Refrigerated Trucks Market Revenue, By Distance Coverage, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………..181
TABLE NO. 134. : Latin America Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K
Units)……………………………………………………………………………………………………………………..182
TABLE NO. 135. : Latin America Refrigerated Trucks Market Volume, By Electrification, 2024 – 2032 (K
Units)……………………………………………………………………………………………………………………..182
TABLE NO. 136. : Latin America Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..183
TABLE NO. 137. : Latin America Refrigerated Trucks Market Revenue, By Electrification, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..183
TABLE NO. 138. : Middle East Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units)………..186
TABLE NO. 139. : Middle East Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units)………..186
TABLE NO. 140. : Middle East Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million)..187
TABLE NO. 141. : Middle East Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million)..187
TABLE NO. 142. : Middle East Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units)…………….188
TABLE NO. 143. : Middle East Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units)…………….188
TABLE NO. 144. : Middle East Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)…….189
TABLE NO. 145. : Middle East Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million)…….189
TABLE NO. 146. : Middle East Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) …..190
TABLE NO. 147. : Middle East Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) …..190
TABLE NO. 148. : Middle East Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..191
TABLE NO. 149. : Middle East Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..191
TABLE NO. 150. : Middle East Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units)…192
TABLE NO. 151. : Middle East Refrigerated Trucks Market Volume, By Reefer Types, 2024 – 2032 (K Units)…192
TABLE NO. 152. : Middle East Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..193
TABLE NO. 153. : Middle East Refrigerated Trucks Market Revenue, By Reefer Types, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..193
TABLE NO. 154. : Middle East Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K
Units)……………………………………………………………………………………………………………………..194
TABLE NO. 155. : Middle East Refrigerated Trucks Market Volume, By Distance Coverage, 2024 – 2032 (K
Units)……………………………………………………………………………………………………………………..194
TABLE NO. 156. : Middle East Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………..195
TABLE NO. 157. : Middle East Refrigerated Trucks Market Revenue, By Distance Coverage, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………..195
TABLE NO. 158. : Middle East Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units) .196
TABLE NO. 159. : Middle East Refrigerated Trucks Market Volume, By Electrification, 2024 – 2032 (K Units) .196
TABLE NO. 160. : Middle East Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..197
TABLE NO. 161. : Middle East Refrigerated Trucks Market Revenue, By Electrification, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..197
TABLE NO. 162. : Africa Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units) ………………..200
TABLE NO. 163. : Africa Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units) ………………..200
TABLE NO. 164. : Africa Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) ………..201
TABLE NO. 165. : Africa Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million) ………..201
TABLE NO. 166. : Africa Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) …………………….202
TABLE NO. 167. : Africa Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) …………………….202
TABLE NO. 168. : Africa Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) …………….203
TABLE NO. 169. : Africa Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million) …………….203
TABLE NO. 170. : Africa Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units)……………204
TABLE NO. 171. : Africa Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units)……………204
TABLE NO. 172. : Africa Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million)……205
TABLE NO. 173. : Africa Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD Million)……205
TABLE NO. 174. : Africa Refrigerated Trucks Market Volume, By Reefer Types, 2018 – 2023 (K Units) …………206
TABLE NO. 175. : Africa Refrigerated Trucks Market Volume, By Reefer Types, 2024 – 2032 (K Units) …………206
TABLE NO. 176. : Africa Refrigerated Trucks Market Revenue, By Reefer Types, 2018 – 2023 (USD Million) …207
TABLE NO. 177. : Africa Refrigerated Trucks Market Revenue, By Reefer Types, 2024 – 2032 (USD Million) …207
TABLE NO. 178. : Africa Refrigerated Trucks Market Volume, By Distance Coverage, 2018 – 2023 (K Units) …208
TABLE NO. 179. : Africa Refrigerated Trucks Market Volume, By Distance Coverage, 2024 – 2032 (K Units) …208
TABLE NO. 180. : Africa Refrigerated Trucks Market Revenue, By Distance Coverage, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..209
TABLE NO. 181. : Africa Refrigerated Trucks Market Revenue, By Distance Coverage, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..209
TABLE NO. 182. : Africa Refrigerated Trucks Market Volume, By Electrification, 2018 – 2023 (K Units)………..210
TABLE NO. 183. : Africa Refrigerated Trucks Market Volume, By Electrification, 2024 – 2032 (K Units)………..210
TABLE NO. 184. : Africa Refrigerated Trucks Market Revenue, By Electrification, 2018 – 2023 (USD Million)..211
TABLE NO. 185. : Africa Refrigerated Trucks Market Revenue, By Electrification, 2024 – 2032 (USD Million)..211

Frequently Asked Questions:

What is the current size of the Refrigerated Trucks Market?

As of 2024, the global refrigerated trucks market is estimated to be valued at approximately USD 3,949.3 million. The market is projected to grow to around USD 6,318.37 million by 2032, reflecting a compound annual growth rate (CAGR) of 6.05% during the forecast period.

What factors are driving the growth of the Refrigerated Trucks Market?

The growth of the refrigerated trucks market is driven by several key factors, including the increasing demand for temperature-controlled transportation solutions in the food and beverage industry, the expansion of the pharmaceutical sector, and the rise of e-commerce and online grocery shopping. The need for reliable cold chain logistics to ensure the safe delivery of perishable goods and temperature-sensitive pharmaceuticals is a major driver.

What are some challenges faced by the Refrigerated Trucks Market?

The refrigerated trucks market faces challenges such as high operational costs, including the expense of maintaining and operating sophisticated refrigeration units. Environmental and regulatory challenges, particularly those related to emissions standards and food safety regulations, also pose significant hurdles.

Who are the major players in the Refrigerated Trucks Market?

Major players in the refrigerated trucks market include Thermo King (Ingersoll Rand), Carrier Transicold (United Technologies Corporation), DAF Trucks N.V., and Hyundai Translead. These companies dominate the market by offering innovative, energy-efficient, and environmentally friendly refrigeration solutions, along with extensive distribution networks and a strong global presence.

About Author

Ganesh Chandwade

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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Gunakesh Parmar

Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

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Report ID: 105749

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The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing.
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To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis and multi-location access, making it an excellent choice for organizations with distributed workforce.
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The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc.’s research team. It is highly recommended for organizations seeking to execute short, customized research projects related to the scope of the purchased report.
$12699

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