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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

Summary
Table Of Content

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:

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.
The market will see further advancements in refrigeration technology, including more energy-efficient and environmentally friendly systems.
Emerging markets, particularly in Asia-Pacific and Latin America, will experience significant growth in refrigerated truck demand due to rising urbanization.
The integration of telematics and IoT technologies in refrigerated trucks will become more widespread.
The market will witness a shift towards electric and hybrid refrigerated trucks as part of a broader effort to reduce carbon emissions.
Companies will prioritize sustainability, developing new refrigeration units that minimize environmental impact while maintaining efficiency and reliability.
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.
Smart refrigeration solutions that use AI and machine learning to optimize energy use and maintain optimal temperatures will become more prevalent in the market.
Investments in expanding cold chain infrastructure globally will support the growth of the refrigerated trucks market, particularly in regions with developing logistics capabilities.
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.

Table of Content

1.1.1. Report Description 28

Purpose of the Report 28

USP & Key Offerings 28

1.1.2. Key Benefits for Stakeholders 28

1.1.3. Target Audience 29

1.1.4. Report Scope 29

1.1.5. Regional Scope 30

2.1. Refrigerated Trucks Market Snapshot 31

2.1.1. Global Refrigerated Trucks Market, 2018 – 2032 (K Units) (USD Million) 32

2.2. Insights from Primary Respondents 33

3.1. Russia-Ukraine and Israel-Palestine War Impacts 34

4.1. Introduction 35

4.2. Market Drivers 36

4.2.1. Driving Factor 1 Analysis 36

4.2.2. Driving Factor 2 Analysis 37

4.3. Market Restraints 38

4.3.1. Restraining Factor Analysis 38

4.4. Market Opportunities 39

4.4.1. Market Opportunity Analysis 39

4.5. Porter’s Five Forces Analysis 40

4.6. Value Chain Analysis 41

4.7. Buying Criteria42

5.1. Import Analysis by Region 43

5.1.1. Global Refrigerated Trucks Market Import Volume/Revenue, By Region, 2018 – 2023 . 43

5.2. Export Analysis by Region 44

5.2.1. Global Refrigerated Trucks Market Export Volume/Revenue, By Region, 2018 – 2023 44

6.1. Demand Analysis by Region 45

6.1.1. Global Refrigerated Trucks Market Demand Volume/Revenue, By Region, 2018 – 202345 6.2. Supply Analysis by Region 46

6.2.1. Global Refrigerated Trucks Market Supply Volume/Revenue, By Region, 2018 – 2023 46

7.1. Production Analysis by Region 47

7.1.1. Global Refrigerated Trucks Market Production Volume/Revenue, By Region, 2018 – 2023 47

7.1.2. Global Refrigerated Trucks Market Production Volume, By Region, 2018 – 2023 (K Units) 48

8.1. Price Analysis by Region 49

8.1.1. Global Refrigerated Trucks Market Price, By Region, 2018 – 2023 49

8.1.2. Global Type Market Price, By Region, 2018 – 2023 49

8.2. Price Analysis by Type 50

8.2.1. Global Refrigerated Trucks Market Price, By Type, 2018 – 2023 50

8.2.2. Global Type Market Price, By Type, 2018 – 2023 50

9.1. Key Raw Materials and Suppliers 51

9.2. Key Raw Materials Price Trend 51

10.1. Manufacturing Cost Analysis 52

10.2. Manufacturing Process 52

11.1. Company Market Share Analysis – 2023 53

11.1.1. Global Refrigerated Trucks Market: Company Market Share, by Volume, 2023 53

11.1.2. Global Refrigerated Trucks Market: Company Market Share, by Revenue, 2023 54

11.1 3.Global Refrigerated Trucks Market: Top 6 Company Market Share, by Revenue, 2023. 54

11.1.4.Global Refrigerated Trucks Market: Top 3 Company Market Share, by Revenue, 2023. 55

11.2. Global Refrigerated Trucks Market Company Volume Market Share, 2023 56

11.3. Global Refrigerated Trucks Market Company Revenue Market Share, 2023 57

11.4. Company Assessment Metrics, 2023 58

11.4.1. Stars 58

11.4.2. Emerging Leaders 58

11.4.3. Pervasive Players 58

11.4.4. Participants 58

11.5. Start-ups /SMEs Assessment Metrics, 2023 58

11.5.1. Progressive Companies 58

11.5.2. Responsive Companies 58

11.5.3. Dynamic Companies 58

11.5.4. Starting Blocks 58

11.6. Strategic Developments 59

11.6.1. Acquisitions & Mergers 59

New Product Launch 59

Regional Expansion 59

11.7. Key Players Product Matrix 60

12.1. PESTEL 61

12.1.1. Political Factors 61

12.1.2. Economic Factors 61

12.1.3. Social Factors 61

12.1.4. Technological Factors 61

12.1.5. Environmental Factors 61

12.1.6. Legal Factors 61

12.2. Adjacent Market Analysis 61

13.1. Refrigerated Trucks Market Overview, by Type Segment 62

13.1.1. Refrigerated Trucks Market Volume Share, By Type, 2023 & 2032 63

13.1.2. Refrigerated Trucks Market Revenue Share, By Type, 2023 & 2032 63

13.1.3. Refrigerated Trucks Market Attractiveness Analysis, By Type 64

13.1.4. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 64

13.1.5. Refrigerated Trucks Market Revenue, By Type, 2018, 2023, 2027 & 2032 65

13.2. Light Commercial Vehicles 66

13.2.1. Global Light Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 67

13.2.2. Global Light Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 67

13.3. Medium Commercial Vehicles 68

13.3.1. Global Medium Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 69

13.3.2. Global Medium Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 69

13.4. Heavy Commercial Vehicles 70

13.5. Global Heavy Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 71

13.6. Global Heavy Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 71

14.1. Refrigerated Trucks Market Overview, by Application Segment 72

14.1.1. Refrigerated Trucks Market Volume Share, By Application, 2023 & 2032 73

14.1.2. Refrigerated Trucks Market Revenue Share, By Application, 2023 & 2032 73

14.1.3. Refrigerated Trucks Market Attractiveness Analysis, By Application 74

14.1.4. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 74

14.1.5. Refrigerated Trucks Market Revenue, By Application, 2018, 2023, 2027 & 2032 75

14.2. Food & Beverages 76

14.2.1. Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 77

14.2.2. Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 77

14.3. Pharmaceuticals 78

14.3 1.Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2018

– 2023 (K Units) (USD Million) 79

14.3 2.Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2024

– 2032 (K Units) (USD Million) 79

14.4. Floral & Nursery Products 80

14.5. Global Floral & Nursery Products Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 81

14.6. Global Floral & Nursery Products Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 81

14.7. Others 82

14.7.1. Global Application 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 83

14.7 2.Global Application 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2024 –

2032 (K Units) (USD Million) 83

15.1. Refrigerated Trucks Market Overview, by Temperature Type Segment 84

15.1.1. Refrigerated Trucks Market Volume Share, By Temperature Type, 2023 & 2032 85

15.1.2. Refrigerated Trucks Market Revenue Share, By Temperature Type, 2023 & 2032 85

15.1.3. Refrigerated Trucks Market Attractiveness Analysis, By Temperature Type 86

15.1.4. Incremental Revenue Growth Opportunity, by Temperature Type, 2024 – 2032 86

15.1 5.Refrigerated Trucks Market Revenue, By Temperature Type, 2018, 2023, 2027 & 2032 87

15.2. Chilled (0°C to 10°C) 88

15.2.1. Global Chilled (0°C to 10°C) Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 89

15.2.2. Global Chilled (0°C to 10°C) Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 89

15.3. Frozen (Below 0°C) 90

15.3.1. Global Frozen (Below 0°C) Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 91

15.3.2. Global Frozen (Below 0°C) Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 91

16.1. Refrigerated Trucks Market Overview, by Regional Segments 92

16.2. Region 93

16.2.1. Global Refrigerated Trucks Market Volume Share, By Region, 2023 & 2032 93

16.2.2. Global Refrigerated Trucks Market Revenue Share, By Region, 2023 & 2032 93

16.2.3. Refrigerated Trucks Market Attractiveness Analysis, By Region 94

16.2.4. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 94

16.2.5. Refrigerated Trucks Market Revenue, By Region, 2018, 2023, 2027 & 2032 95

16.2.6. Global Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 96

16.2.7. Global Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 96

16.3. Type 97

16.3.1. Global Refrigerated Trucks Market Volume & Revenue, By Type, 2018 – 2023 (K Units) (USD Million) 97

16.4. Global Refrigerated Trucks Market Volume & Revenue, By Type, 2024 – 2032 (K Units) (USD Million) 97

16.5. Application 98

16.5.1. Global Refrigerated Trucks Market Volume & Revenue, By Application, 2018 – 2023 (K Units) (USD Million) 98

16.5.2. Global Refrigerated Trucks Market Volume & Revenue, By Application, 2024 – 2032 (K Units) (USD Million) 99

16.6. Temperature Type 100

16.6 1.Global Refrigerated Trucks Market Volume & Revenue, By Temperature Type, 2018 –

2023 (K Units) (USD Million) 100

16.6 2.Global Refrigerated Trucks Market Volume & Revenue, By Temperature Type, 2024 –

2032 (K Units) (USD Million) 101

17.1. North America102 17.1.1.Key Highlights 102

17.1.2. North America Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units) 103

17.1.3. North America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 104

17.1.4. North America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 105

17.1.5. North America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 106

17.1.6. North America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 107

17.1.7. North America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 108

17.1 8.North America Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023

(K Units) 109

17.1 9.North America Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023

(USD Million)

110

17.2.

U.S.

111

17.3.

Canada

111

17.4.

Mexico

111

18.1. Europe 112

18.1 1.Key Highlights 112

18.1.2. Europe Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units) 113

18.1.3. Europe Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 114

18.1.4. Europe Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 115

18.1.5. Europe Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 116

18.1.6. Europe Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 117

18.1.7. Europe Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 118

18.1.8. Europe Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 119

18.1.9. Europe Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023 (USD

Million)

120

18.2.

121

18.3.

France

121

18.4.

Germany

121

18.5.

Italy

121

18.6.

Spain

121

18.7.

Russia

121

18.8.

Belgium

121

18.9.

Netherland

121

18.10.

Austria

121

18.11.

Sweden

121

18.12.

Poland

121

18.13.

Denmark

121

18.14.

Switzerland

121

18.15. Rest of Europe121

19.1. Asia Pacific 122 19.1.1.Key Highlights 122

19.1.2. Asia Pacific Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units) … 123

19.1.3. Asia Pacific Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 124

19.1.4. Asia Pacific Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 125

19.1.5. Asia Pacific Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 126 19.1.6.Asia Pacific Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units)

127

19.1.7. Asia Pacific Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 128

19.1.8. Asia Pacific Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 129

19.1.9. Asia Pacific Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023

(USD Million)

130

19.2.

China

131

19.3.

Japan

131

19.4.

South Korea

131

19.5.

India

131

19.6.

Australia

131

19.7.

Thailand

131

19.8.

Indonesia

131

19.9.

Vietnam

131

19.10.

Malaysia

131

19.11.

Philippines

131

19.12.

Taiwan

131

19.13. Rest of Asia Pacific 131

20.1. Latin America 132 20.1.1.Key Highlights 132

20.1.2. Latin America Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units)133

20.1.3. Latin America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 134

20.1.4. Latin America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 135

20.1.5. Latin America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 136

20.1.6. Latin America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 137

20.1.7. Latin America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 138

20.1.8. Latin America Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 139

20.1 9.Latin America Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023

(USD Million)

140

20.2.

Brazil

141

20.3.

Argentina

141

20.4.

Peru

141

20.5.

Chile

141

20.6.

Colombia

141

20.7. Rest of Latin America 141

21.1. Middle East 142 21.1.1.Key Highlights 142

21.1.2. Middle East Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units) .. 143

21.1.3. Middle East Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 144

21.1.4. Middle East Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 145

21.1.5. Middle East Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million)146 21.1.6.Middle East Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units)

147

21.1.7. Middle East Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 148

21.1.8. Middle East Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 149

21.1 9.Middle East Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023

(USD Million) 150

21.2. UAE 151

21.3. KSA 151

21.4. Israel 151

21.5. Turkey 151

21.6. Iran 151

21.7. Rest of Middle East 151

22.1. Africa 152

22.1 1.Key Highlights 152

22.1.2. Africa Refrigerated Trucks Market Volume, By Country, 2018 – 2032 (K Units) 153

22.1.3. Africa Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 154

22.1.4. Africa Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 155

22.1.5. Africa Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 156

22.1.6. Africa Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 157

22.1.7. Africa Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 158

22.1.8. Africa Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 159

22.1.9. Africa Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023 (USD Million) 160

22.2. Egypt 161

22.3.

Nigeria

161

22.4.

Algeria

161

22.5.

Morocco

161

22.6.

Rest of Africa

161

23.1. Thermo King Corporation 162

23.1.1. Company Overview 162

23.1.2. Product Portfolio 162

23.1.3. Swot Analysis 162

23.1.4. Business Strategy 162

23.1.5. Financial Overview 163

23.2. Kögel Trailer GmbH & Co.KG 164

23.3. Hyundai Translead . Inc 164

23.4. Wabash National 164

23.5. Fahrzeugwert Bernard Krone Gmbh & Co.KG 164

23.6. China International Marine Containers (Group) Ltd 164

23.7. GRW Tankers and Trailers 164

23.8. Lamberet SAS 164

23.9. Great Dane LLC 164

23.10. Chereau 164

23.11. Schmitz Cargobull AG 164

23.12. Carrier Transicold 164

23.13. Daikin Industries Ltd 164

23.14. Utility Trailer Manufacturing Company 164

23.15. Mitsubishi Heavy Industries Ltd 164

23.16. United Technologies Corporation (UTC) 164

List of Figures

FIG NO. 1. Global Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD

Million) 32

FIG NO. 2. Porter’s Five Forces Analysis for Global Refrigerated Trucks Market 40

FIG NO. 3. Value Chain Analysis for Global Refrigerated Trucks Market 41

FIG NO. 4. Global Refrigerated Trucks Market Import Volume/Revenue, By Region, 2018 – 2023 43

FIG NO. 5. Global Refrigerated Trucks Market Export Volume/Revenue, By Region, 2018 – 2023 44

FIG NO. 6. Global Refrigerated Trucks Market Demand Volume/Revenue, By Region, 2018 – 2023 45

FIG NO. 7. Global Refrigerated Trucks Market Supply Volume/Revenue, By Region, 2018 – 2023 46

FIG NO. 8. Global Refrigerated Trucks Market Production Volume/Revenue, By Region, 2018 – 2023 47

FIG NO. 9. Global Refrigerated Trucks Market Price, By Region, 2018 – 2023 49

FIG NO. 10. Global Refrigerated Trucks Market Price, By Type, 2018 – 2023 50

FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 51

FIG NO. 12. Manufacturing Cost Analysis 52

FIG NO. 13. Manufacturing Process 52

FIG NO. 14. Company Share Analysis, 2023 53

FIG NO. 15. Company Share Analysis, 2023 54

FIG NO. 16. Company Share Analysis, 2023 54

FIG NO. 17. Company Share Analysis, 2023 55

FIG NO. 18. Refrigerated Trucks Market – Company Volume Market Share, 2023 56

FIG NO. 19. Refrigerated Trucks Market – Company Revenue Market Share, 2023 57

FIG NO. 20. Refrigerated Trucks Market Volume Share, By Type, 2023 & 2032 63

FIG NO. 21. Refrigerated Trucks Market Revenue Share, By Type, 2023 & 2032 63

FIG NO. 22. Market Attractiveness Analysis, By Type 64

FIG NO. 23. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 64

FIG NO. 24. Refrigerated Trucks Market Revenue, By Type, 2018, 2023, 2027 & 2032 65

FIG NO. 25. Global Refrigerated Trucks Market for Light Commercial Vehicles, Volume & Revenue (K Units) (USD Million) 2018 – 2032 66

FIG NO. 26. Global Refrigerated Trucks Market for Medium Commercial Vehicles, Volume & Revenue

(K Units) (USD Million) 2018 – 2032 68

FIG NO. 27. Global Refrigerated Trucks Market for Heavy Commercial Vehicles, Volume & Revenue (K Units) (USD Million) 2018 – 2032 70

FIG NO. 28. Refrigerated Trucks Market Volume Share, By Application, 2023 & 2032 73

FIG NO. 29. Refrigerated Trucks Market Revenue Share, By Application, 2023 & 2032 73

FIG NO. 30. Market Attractiveness Analysis, By Application 74

FIG NO. 31. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 74

FIG NO. 32. Refrigerated Trucks Market Revenue, By Application, 2018, 2023, 2027 & 2032 75

FIG NO. 33. Global Refrigerated Trucks Market for Food & Beverages, Volume & Revenue (K Units)

(USD Million) 2018 – 2032 76

FIG NO. 34. Global Refrigerated Trucks Market for Pharmaceuticals, Volume & Revenue (K Units)

(USD Million) 2018 – 2032 78

FIG NO. 35. Global Refrigerated Trucks Market for Floral & Nursery Products, Volume & Revenue (K Units) (USD Million) 2018 – 2032 80

FIG NO. 36. Global Refrigerated Trucks Market for Application 4, Volume & Revenue (K Units) (USD Million) 2018 – 2032 82

FIG NO. 37. Refrigerated Trucks Market Volume Share, By Temperature Type, 2023 & 2032 85

FIG NO. 38. Refrigerated Trucks Market Revenue Share, By Temperature Type, 2023 & 2032 85

FIG NO. 39. Market Attractiveness Analysis, By Temperature Type 86

FIG NO. 40. Incremental Revenue Growth Opportunity by Temperature Type, 2024 – 2032 86

FIG NO. 41. Refrigerated Trucks Market Revenue, By Temperature Type, 2018, 2023, 2027 & 2032 87

FIG NO. 42. Global Refrigerated Trucks Market for Chilled (0°C to 10°C), Volume & Revenue (K Units) (USD Million) 2018 – 2032 88

FIG NO. 43. Global Refrigerated Trucks Market for Frozen (Below 0°C), Volume & Revenue (K Units)

(USD Million) 2018 – 2032 90

FIG NO. 44. Global Refrigerated Trucks Market Volume Share, By Region, 2023 & 2032 93

FIG NO. 45. Global Refrigerated Trucks Market Revenue Share, By Region, 2023 & 2032 93

FIG NO. 46. Market Attractiveness Analysis, By Region 94

FIG NO. 47. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 94

FIG NO. 48. Refrigerated Trucks Market Revenue, By Region, 2018, 2023, 2027 & 2032 95

FIG NO. 49. North America Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units)

(USD Million) 102

FIG NO. 50. Europe Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD

Million) 112

FIG NO. 51. Asia Pacific Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD Million) 122

FIG NO. 52. Latin America Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD Million) 132

FIG NO. 53. Middle East Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD Million) 142

FIG NO. 54. Africa Refrigerated Trucks Market Volume & Revenue, 2018 – 2032 (K Units) (USD

Million) 152

List of Tables

TABLE NO. 1. : Global Refrigerated Trucks Market: Snapshot 31

TABLE NO. 2. : Drivers for the Refrigerated Trucks Market: Impact Analysis 36

TABLE NO. 3. : Restraints for the Refrigerated Trucks Market: Impact Analysis 38

TABLE NO. 4. : Global Refrigerated Trucks Market Production Volume, By Region, 2018 – 2023 (K Units) 48

TABLE NO. 5. : Global Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 49

TABLE NO. 6. : Global Refrigerated Trucks Market Volume & Revenue, By Type, 2018 – 2023 50

TABLE NO. 7. : Key Raw Materials & Suppliers 51

TABLE NO. 8. : Global Light Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By

Region, 2018 – 2023 (K Units) (USD Million) 67

TABLE NO. 9. : Global Light Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By

Region, 2024 – 2032 (K Units) (USD Million) 67

TABLE NO. 10. : Global Medium Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 69

TABLE NO. 11. : Global Medium Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 69

TABLE NO. 12. : Global Heavy Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units) (USD Million) 71

TABLE NO. 13. : Global Heavy Commercial Vehicles Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units) (USD Million) 71

TABLE NO. 14. : Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region,

2018 – 2023 (K Units) (USD Million) 77

TABLE NO. 15. : Global Food & Beverages Refrigerated Trucks Market Volume & Revenue, By Region,

2024 – 2032 (K Units) (USD Million) 77

TABLE NO. 16. : Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2018

– 2023 (K Units) (USD Million) 79

TABLE NO. 17. : Global Pharmaceuticals Refrigerated Trucks Market Volume & Revenue, By Region, 2024

– 2032 (K Units) (USD Million) 79

TABLE NO. 18. : Global Floral & Nursery Products Refrigerated Trucks Market Volume & Revenue, By

Region, 2018 – 2023 (K Units) (USD Million) 81

TABLE NO. 19. : Global Floral & Nursery Products Refrigerated Trucks Market Volume & Revenue, By

Region, 2024 – 2032 (K Units) (USD Million) 81

TABLE NO. 20. : Global Application 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2018 –

2023 (K Units) (USD Million) 83

TABLE NO. 21. : Global Application 4 Refrigerated Trucks Market Volume & Revenue, By Region, 2024 –

2032 (K Units) (USD Million) 83

TABLE NO. 22. : Global Chilled (0°C to 10°C) Refrigerated Trucks Market Volume & Revenue, By Region,

2018 – 2023 (K Units) (USD Million) 89

TABLE NO. 23. : Global Chilled (0°C to 10°C) Refrigerated Trucks Market Volume & Revenue, By Region,

2024 – 2032 (K Units) (USD Million) 89

TABLE NO. 24. : Global Frozen (Below 0°C) Refrigerated Trucks Market Volume & Revenue, By Region,

2018 – 2023 (K Units) (USD Million) 91

TABLE NO. 25. : Global Frozen (Below 0°C) Refrigerated Trucks Market Volume & Revenue, By Region,

2024 – 2032 (K Units) (USD Million) 91

TABLE NO. 26. : Global Refrigerated Trucks Market Volume & Revenue, By Region, 2018 – 2023 (K Units)

(USD Million) 96

TABLE NO. 27. : Global Refrigerated Trucks Market Volume & Revenue, By Region, 2024 – 2032 (K Units)

(USD Million) 96

TABLE NO. 28. : Global Refrigerated Trucks Market Volume & Revenue, By Type, 2018 – 2023 (K Units)

(USD Million) 97

TABLE NO. 29. : Global Refrigerated Trucks Market Volume & Revenue, By Type, 2024 – 2032 (K Units)

(USD Million) 97

TABLE NO. 30. : Global Refrigerated Trucks Market Volume & Revenue, By Application, 2018 – 2023 (K

Units) (USD Million) 98

TABLE NO. 31. : Global Refrigerated Trucks Market Volume & Revenue, By Application, 2024 – 2032 (K

Units) (USD Million) 99

TABLE NO. 32. : Global Refrigerated Trucks Market Volume & Revenue, By Temperature Type, 2018 –

2023 (K Units) (USD Million) 100

TABLE NO. 33. : Global Refrigerated Trucks Market Volume & Revenue, By Temperature Type, 2024 –

2032 (K Units) (USD Million) 101

TABLE NO. 34. : North America Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units) 103

TABLE NO. 35. : North America Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units) 103

TABLE NO. 36. : North America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD

Million) 104

TABLE NO. 37. : North America Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD

Million) 104

TABLE NO. 38. : North America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 105

TABLE NO. 39. : North America Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) 105

TABLE NO. 40. : North America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 106

TABLE NO. 41. : North America Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million) 106

TABLE NO. 42. : North America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units).107 TABLE NO. 43. : North America Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units).107 TABLE NO. 44. : North America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD

Million) 108

TABLE NO. 45. : North America Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD Million) 108

TABLE NO. 46. : North America Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 109

TABLE NO. 47. : North America Refrigerated Trucks Market Volume, By Temperature Type, 2024 – 2032 (K Units) 109

TABLE NO. 48. : North America Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023 (USD Million) 110

TABLE NO. 49. : North America Refrigerated Trucks Market Revenue, By Temperature Type, 2024 – 2032 (USD Million) 110

TABLE NO. 50. : Europe Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units) 113

TABLE NO. 51. : Europe Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units) 113

TABLE NO. 52. : Europe Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 114

TABLE NO. 53. : Europe Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million) 114

TABLE NO. 54. : Europe Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 115

TABLE NO. 55. : Europe Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) 115

TABLE NO. 56. : Europe Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 116

TABLE NO. 57. : Europe Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million) 116

TABLE NO. 58. : Europe Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 117

TABLE NO. 59. : Europe Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) 117

TABLE NO. 60. : Europe Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 118

TABLE NO. 61. : Europe Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD Million) 118

TABLE NO. 62. : Europe Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) .119 TABLE NO. 63. : Europe Refrigerated Trucks Market Volume, By Temperature Type, 2024 – 2032 (K Units) .119 TABLE NO. 64. : Europe Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023 (USD

Million) 120

TABLE NO. 65. : Europe Refrigerated Trucks Market Revenue, By Temperature Type, 2024 – 2032 (USD Million) 120

TABLE NO. 66. : Asia Pacific Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units) 123

TABLE NO. 67. : Asia Pacific Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units) 123

TABLE NO. 68. : Asia Pacific Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 124

TABLE NO. 69. : Asia Pacific Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million) 124

TABLE NO. 70. : Asia Pacific Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 125

TABLE NO. 71. : Asia Pacific Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) 125

TABLE NO. 72. : Asia Pacific Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 126

TABLE NO. 73. : Asia Pacific Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million) 126

TABLE NO. 74. : Asia Pacific Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 127

TABLE NO. 75. : Asia Pacific Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) 127

TABLE NO. 76. : Asia Pacific Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD

Million) 128

TABLE NO. 77. : Asia Pacific Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD

Million) 128

TABLE NO. 78. : Asia Pacific Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K

Units) 129

TABLE NO. 79. : Asia Pacific Refrigerated Trucks Market Volume, By Temperature Type, 2024 – 2032 (K

Units) 129

TABLE NO. 80. : Asia Pacific Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023 (USD Million) 130

TABLE NO. 81. : Asia Pacific Refrigerated Trucks Market Revenue, By Temperature Type, 2024 – 2032 (USD Million) 130

TABLE NO. 82. : Latin America Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units) 133

TABLE NO. 83. : Latin America Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units) 133

TABLE NO. 84. : Latin America Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD

Million) 134

TABLE NO. 85. : Latin America Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD

Million) 134

TABLE NO. 86. : Latin America Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 135

TABLE NO. 87. : Latin America Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) 135

TABLE NO. 88. : Latin America Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 136

TABLE NO. 89. : Latin America Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million) 136

TABLE NO. 90. : Latin America Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 137

TABLE NO. 91. : Latin America Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) 137

TABLE NO. 92. : Latin America Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 138

TABLE NO. 93. : Latin America Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD Million) 138

TABLE NO. 94. : Latin America Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 139

TABLE NO. 95. : Latin America Refrigerated Trucks Market Volume, By Temperature Type, 2024 – 2032 (K Units) 139

TABLE NO. 96. : Latin America Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023

(USD Million) 140

TABLE NO. 97. : Latin America Refrigerated Trucks Market Revenue, By Temperature Type, 2024 – 2032

(USD Million) 140

TABLE NO. 98. : Middle East Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units) 143

TABLE NO. 99. : Middle East Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units) 143

TABLE NO. 100. : Middle East Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 144

TABLE NO. 101. : Middle East Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million) 144

TABLE NO. 102. : Middle East Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 145

TABLE NO. 103. : Middle East Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) 145

TABLE NO. 104. : Middle East Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 146

TABLE NO. 105. : Middle East Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million) 146

TABLE NO. 106. : Middle East Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 147

TABLE NO. 107. : Middle East Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) 147

TABLE NO. 108. : Middle East Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD

Million) 148

TABLE NO. 109. : Middle East Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD

Million) 148

TABLE NO. 110. : Middle East Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K

Units) 149

TABLE NO. 111. : Middle East Refrigerated Trucks Market Volume, By Temperature Type, 2024 – 2032 (K

Units) 149

TABLE NO 112. : Middle East Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023

(USD Million) 150

TABLE NO 113. : Middle East Refrigerated Trucks Market Revenue, By Temperature Type, 2024 – 2032

(USD Million) 150

TABLE NO. 114. : Africa Refrigerated Trucks Market Volume, By Country, 2018 – 2023 (K Units) 153

TABLE NO. 115. : Africa Refrigerated Trucks Market Volume, By Country, 2024 – 2032 (K Units) 153

TABLE NO. 116. : Africa Refrigerated Trucks Market Revenue, By Country, 2018 – 2023 (USD Million) 154

TABLE NO. 117. : Africa Refrigerated Trucks Market Revenue, By Country, 2024 – 2032 (USD Million) 154

TABLE NO. 118. : Africa Refrigerated Trucks Market Volume, By Type, 2018 – 2023 (K Units) 155

TABLE NO. 119. : Africa Refrigerated Trucks Market Volume, By Type, 2024 – 2032 (K Units) 155

TABLE NO. 120. : Africa Refrigerated Trucks Market Revenue, By Type, 2018 – 2023 (USD Million) 156

TABLE NO. 121. : Africa Refrigerated Trucks Market Revenue, By Type, 2024 – 2032 (USD Million) 156

TABLE NO. 122. : Africa Refrigerated Trucks Market Volume, By Application, 2018 – 2023 (K Units) 157

TABLE NO. 123. : Africa Refrigerated Trucks Market Volume, By Application, 2024 – 2032 (K Units) 157

TABLE NO. 124. : Africa Refrigerated Trucks Market Revenue, By Application, 2018 – 2023 (USD Million) 158

TABLE NO. 125. : Africa Refrigerated Trucks Market Revenue, By Application, 2024 – 2032 (USD Million) 158

TABLE NO. 126. : Africa Refrigerated Trucks Market Volume, By Temperature Type, 2018 – 2023 (K Units) 159

TABLE NO. 127. : Africa Refrigerated Trucks Market Volume, By Temperature Type, 2024 – 2032 (K Units) 159

TABLE NO. 128. : Africa Refrigerated Trucks Market Revenue, By Temperature Type, 2018 – 2023 (USD

Million) 160

TABLE NO. 129. : Africa Refrigerated Trucks Market Revenue, By Temperature Type, 2024 – 2032 (USD

Million) 160

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.

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