Automobile Industry Analysis Logistics & Transport

Global Refrigerated Truck Market to witness decent growth

The global Refrigerated Truck market size is anticipated to register a CAGR of ~5.1% between 2020 and 2026 and reach an approximate value of USD 10.5 billion in 2026.

Industry News

    • In March 2021, Carrier Transicold entered into a new strategic partnership with Portuguese technology company AddVolt to accelerate and advance its electrification capabilities. The agreement enables Carrier to broadly utilize AddVolt’s proven, engine-agnostic technology to develop innovative sustainable transport refrigeration solutions for customers in Europe.
    • In January 2021, Daimler India Commercial Vehicles (DICV), in collaboration with

Motherson Group, unveiled the BharatBenz ‘BSafeExpress’, a specialized refrigerated truck,

designed for the safe transportation of COVID-19 vaccines.

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In 2019, the Medium Commercial Vehicle segment held a significant market share

The global Refrigerated Truck market has been segmented based on Type, Tonnage Capacity, application, and region. Based on type, the global market is divided into light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles. The medium commercial vehicle type segment is anticipated to hold a significant market share.

Based on Tonnage Capacity, the global Refrigerated Truck market is segmented into Less than 10 Tons, 10–20 Tons, more than 20 Tons. The10–20tons segment accounted for a significantly large share in the global market owing to the growing food industry in developing countries.

Based on application, the global Refrigerated Truck market is segmented into Food and Beverages, Pharmaceuticals, Chemicals, and Others. The food and beverages segment accounted for a significantly large share in the global market owing to the rise in demand for refrigerated products.

Based on region, the refrigerated truck market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the refrigerated truck market in 2019. The consistently developing meat and seafood industry has supported product growth in the region.

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Key industry participants in the Refrigerated Truck industry include Kögel Trailer GmbH & Co.KG (Germany), HYUNDAI Translead, Inc. (US), Wabash National (US), Fahrzeugwerk Bernard Krone Gmbh& Co. Kg (Germany), GRW Tankers and Trailers (US), Schmitz Cargobull AG (Germany), Great Dane LLC (US), Chereau (France), Lamberet SAS (France), and China International Marine Containers (Group) Ltd. (China).

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global Refrigerated Truck market, including high-growth regions and/or countries and political and economic environments. The project report further provides both historical market values and pricing and cost analysis.

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