Global and United States Truck Refrigeration Unit Market Report & Forecast 2023-2029
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The research time span covered by the report is from 2018 to 2029; it provides an overview of the Global Truck Refrigeration Unit Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.
The global Truck Refrigeration Unit market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 5.20% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Truck Refrigeration Unit market include Daikin Industries, Ltd. , DENSO Corporation , Thermo King Corporation , VBG Group AB , and Carrier Global Corporation . The share of the top 3 players in the Truck Refrigeration Unit market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Truck Refrigeration Unit market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Roof Mount System accounted for XX% of Truck Refrigeration Unit market in 2022. Split System share of XX%.
Frozen Food accounted for XX% of the Truck Refrigeration Unit market in 2022. Pharma Drugs and Chemical accounts for XX%.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
In recent years, a series of factors are affecting the development of the automotive industry.
Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.
Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.
Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.
On The Basis of Regions, The Report Has Segmented the Market into The Following Key Regions:
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Argentina
Mexico
MEA
Saudi Arabia
UAE
Turkey
Key Players Driving the Market:
Daikin Industries, Ltd.
DENSO Corporation
Thermo King Corporation
VBG Group AB
Carrier Global Corporation
Mitsubishi Heavy Industries Thermal Systems, Ltd.
By Product Type, the market is primarily segmented into:
Roof Mount System
Split System
By Applications, the market is segmented into:
Frozen Food
Pharma Drugs and Chemical
Ambulance and Passenger Transport
Table of Content
1 Study Coverage
1.1 Truck Refrigeration Unit Product Introduction
1.2 Global Truck Refrigeration Unit Outlook 2018 VS 2023 VS 2029
1.3 United States Truck Refrigeration Unit Outlook 2018 VS 2023 VS 2029
1.4 Truck Refrigeration Unit Market Size, United States VS Global, 2018-2029
1.4.1 The Market Share of United States Truck Refrigeration Unit in Global, 2018-2029
1.4.2 The Growth Rate of Truck Refrigeration Unit Market Size, United States VS Global, 2018 VS 2023 VS 2029
1.5 Truck Refrigeration Unit Market Dynamics
1.5.1 Truck Refrigeration Unit Market Trends
1.5.2 Truck Refrigeration Unit Market Drivers
1.5.3 Truck Refrigeration Unit Market Challenges
1.5.4 Truck Refrigeration Unit Market Restraints
1.6 Study Objectives
1.7 Years Considered
1.8 Coronavirus Disease (COVID-19) Impact on Global
2 Global Truck Refrigeration Unit Competitor Landscape by Company
2.1 Global Truck Refrigeration Unit Market Size by Company
2.1.1 Top Global Truck Refrigeration Unit Player Ranked by Revenue (2023)
2.1.2 Global Truck Refrigeration Unit Revenue by Player (2018-2023)
2.2 Global Truck Refrigeration Unit Concentration Ratio (CR)
2.2.1 Truck Refrigeration Unit Market Concentration Ratio (CR) (2018-2023)
2.2.2 Global Top 3 and Top 6 Largest Players of Truck Refrigeration Unit in 2023
2.3 Global Truck Refrigeration Unit Business Distribution, Business Type
2.3.1 Global Truck Refrigeration Unit Players, Headquarters and Distribution
2.3.2 Players Truck Refrigeration Unit Business Type
2.3.3 Date of International Players Enter into Truck Refrigeration Unit Market
2.4 Players Mergers & Acquisitions, Expansion Plans
2.5 United States Truck Refrigeration Unit Market Size by Company
2.5.1 Top United States Truck Refrigeration Unit Player s Ranked by Revenue (2023)
2.5.2 United States Truck Refrigeration Unit Revenue by Player (2018-2023)
3 Truck Refrigeration Unit Market Segment by Type
3.1 Truck Refrigeration Unit Market Segment by Type
3.2 Global Truck Refrigeration Unit Market Size by Type
3.3 United States Truck Refrigeration Unit Market Size by Type
4 Truck Refrigeration Unit Market Segment by Application
4.1 Truck Refrigeration Unit Market Segment by Application
4.2 Global Truck Refrigeration Unit Market Size by Application
4.3 United States Truck Refrigeration Unit Market Size by Application
5 Global Truck Refrigeration Unit Market Size by Region
5.1 Global Truck Refrigeration Unit Market Size by Region: 2018 VS 2023 VS 2029
5.2 Global Truck Refrigeration Unit Market Size in Value by Region (2018-2029)
5.2.1 Global Truck Refrigeration Unit Revenue by Region: 2018-2023
5.2.2 Global Truck Refrigeration Unit Revenue by Region: 2023-2029
5.3 Global Truck Refrigeration Unit Market Size in Volume by Region (2018-2029)
5.3.1 Global Truck Refrigeration Unit Volume by Region: 2018-2023
5.3.2 Global Truck Refrigeration Unit Volume by Region: 2023-2029
6 Segment in Regional Level & Country Level
6.1 North America
6.1.1 North America Truck Refrigeration Unit Market Size YoY Growth 2018-2029
6.1.2 North America Truck Refrigeration Unit Market Facts & Figures by Country (2018-2029)
6.1.3 U.S.
6.1.4 Canada
6.2 Asia Pacific
6.2.1 Asia Pacific Truck Refrigeration Unit Market Size YoY Growth 2018-2029
6.2.2 Asia Pacific Truck Refrigeration Unit Market Facts & Figures by Country (2018-2029)
6.2.3 China
6.2.4 Japan
6.2.5 South Korea
6.2.6 India
6.2.7 Australia
6.2.8 Southeast Asia
6.3 Europe
6.3.1 Europe Truck Refrigeration Unit Market Size YoY Growth 2018-2029
6.3.2 Europe Truck Refrigeration Unit Market Facts & Figures by Country (2018-2029)
6.3.3 Germany
6.3.4 France
6.3.5 UK
6.3.6 Italy
6.3.7 Russia
6.4 Latin America
6.4.1 Latin America Truck Refrigeration Unit Market Size YoY Growth 2018-2029
6.4.2 Latin America Truck Refrigeration Unit Market Facts & Figures by Country (2018-2029)
6.4.3 Mexico
6.4.4 Brazil
6.4.5 Argentina
6.5 Middle East and Africa
6.5.1 Middle East and Africa Truck Refrigeration Unit Market Size YoY Growth 2018-2029
6.5.2 Middle East and Africa Truck Refrigeration Unit Market Facts & Figures by Country (2018-2029)
6.5.3 Turkey
6.5.4 Saudi Arabia
6.5.5 UAE
7 Company Profiles
7.1 Daikin Industries, Ltd.
7.1.1 Daikin Industries, Ltd. Company Details
7.1.2 Description and Business Overview
7.1.3 Truck Refrigeration Unit Introduction
7.1.4 Daikin Industries, Ltd. Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023)
7.1.5 Daikin Industries, Ltd. Recent Development
7.2 DENSO Corporation
7.2.1 DENSO Corporation Company Details
7.2.2 Description and Business Overview
7.2.3 Truck Refrigeration Unit Introduction
7.2.4 DENSO Corporation Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023)
7.2.5 DENSO Corporation Recent Development
7.3 Thermo King Corporation
7.3.1 Thermo King Corporation Company Details
7.3.2 Description and Business Overview
7.3.3 Truck Refrigeration Unit Introduction
7.3.4 Thermo King Corporation Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023)
7.3.5 Thermo King Corporation Recent Development
7.4 VBG Group AB
7.4.1 VBG Group AB Company Details
7.4.2 Description and Business Overview
7.4.3 Truck Refrigeration Unit Introduction
7.4.4 VBG Group AB Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023)
7.4.5 VBG Group AB Recent Development
7.5 Carrier Global Corporation
7.5.1 Carrier Global Corporation Company Details
7.5.2 Description and Business Overview
7.5.3 Truck Refrigeration Unit Introduction
7.5.4 Carrier Global Corporation Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023)
7.5.5 Carrier Global Corporation Recent Development
7.6 Mitsubishi Heavy Industries Thermal Systems, Ltd.
7.6.1 Mitsubishi Heavy Industries Thermal Systems, Ltd. Company Details
7.6.2 Description and Business Overview
7.6.3 Truck Refrigeration Unit Introduction
7.6.4 Mitsubishi Heavy Industries Thermal Systems, Ltd. Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023)
7.6.5 Mitsubishi Heavy Industries Thermal Systems, Ltd. Recent Development
8 Industry Chain and Sales Channels Analysis
8.1 Truck Refrigeration Unit Value Chain Analysis
8.2 Truck Refrigeration Unit Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Distributors List
8.3 Truck Refrigeration Unit Production Mode & Process
8.4 Truck Refrigeration Unit Sales and Marketing
8.4.1 Magnetic Coupled Mixers Sales Channels
8.4.2 Magnetic Coupled Mixers Distributors
8.5 Magnetic Coupled Mixers Customers
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 A Methodology
10.1.1 Research Process
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 B Data Source
10.2.1 Legal Disclaimer
Tables & Figures:
List of Tables and Figures
Figure Truck Refrigeration Unit Product Picture
Table Global Truck Refrigeration Unit Revenue, ($), 2018 VS 2023 VS 2029
Figure Global Truck Refrigeration Unit Market Size 2018-2029 ($)
Table United States Truck Refrigeration Unit Revenue, ($), 2018 VS 2023 VS 2029
Figure United States Truck Refrigeration Unit Market Size 2018-2029 ($)
Figure United States Truck Refrigeration Unit Market Share in Global, in Value 2018-2029
Table Truck Refrigeration Unit CAGR in Value, United States VS Global, 2018 VS 2023 VS 2029
Table Truck Refrigeration Unit Market Trends
Table Truck Refrigeration Unit Market Drivers
Table Truck Refrigeration Unit Market Challenges
Table Truck Refrigeration Unit Market Restraints
Figure Truck Refrigeration Unit Report Years Considered
Figure (COVID-19) Impact on Global Economic Growth 2019, 2020, 2021
Figure Population infected by the Covid-19 of Major Countries
Table Top Truck Refrigeration Unit Players in Global Market, Ranking by Revenue (2023)
Table Global Truck Refrigeration Unit Revenue by Player, ($), 2018-2023
Table Global Truck Refrigeration Unit Revenue Share by Player, 2018-2023
Table Global Truck Refrigeration Unit Players Market Concentration Ratio (CR5)
Figure The Top 3 and 6 Largest Players of Truck Refrigeration Unit in the World: Market Share by Truck Refrigeration Unit Revenue in 2023
Table Top Players of Truck Refrigeration Unit in Global Market, Headquarters and Distribution
Table Players Truck Refrigeration Unit Business Type
Table Date of International Players Enter into Truck Refrigeration Unit Market
Table Players Mergers & Acquisitions, Expansion Plans
Table Top Truck Refrigeration Unit Players in United States Market, Ranking by Revenue (2023)
Table United States Truck Refrigeration Unit Revenue by Player, ($), 2018-2023
Table United States Truck Refrigeration Unit Revenue Share by Player, 2018-2023
Table Global Truck Refrigeration Unit Revenue by Type: 2023 VS 2029 ($)
Figure Global Truck Refrigeration Unit Market Share by Type in 2023 & 2029
Figure Global Truck Refrigeration Unit Revenue by Type (2018-2029) & ($)
Figure Global Truck Refrigeration Unit Revenue Market Share in Value by Type (2018-2029)
Table United States Truck Refrigeration Unit Revenue by Type: 2023 VS 2029 ($)
Figure United States Truck Refrigeration Unit Market Share by Type in 2023 & 2029
Figure United States Truck Refrigeration Unit Revenue by Type (2018-2029) & ($)
Figure United States Truck Refrigeration Unit Revenue Market Share in Value by Type (2018-2029)
Table Global Truck Refrigeration Unit Revenue by Application: 2023 VS 2029 ($)
Figure Global Truck Refrigeration Unit Market Share by Application in 2023 & 2029
Figure Global Truck Refrigeration Unit Revenue by Application (2018-2029) & ($)
Figure Global Truck Refrigeration Unit Revenue Market Share in Value by Application (2018-2029)
Table United States Truck Refrigeration Unit Revenue by Application: 2023 VS 2029 ($)
Figure United States Truck Refrigeration Unit Market Share by Application in 2023 & 2029
Figure United States Truck Refrigeration Unit Revenue by Application (2018-2029) & ($)
Figure United States Truck Refrigeration Unit Revenue Market Share in Value by Application (2018-2029)
Table Global Truck Refrigeration Unit Market Size by Region ($): 2018 VS 2023 VS 2029
Figure Global Truck Refrigeration Unit Market Size Market Share by Region: 2018 VS 2023 VS 2029
Table Global Truck Refrigeration Unit Revenue by Region (2018-2023) & ($)
Table Global Truck Refrigeration Unit Revenue Forecast by Region (2023-2029) & ($)
Table Global Truck Refrigeration Unit Revenue Market Share by Region (2018-2029)
Table Global Truck Refrigeration Unit Volume by Region (2018-2023) & ($)
Table Global Truck Refrigeration Unit Volume Forecast by Region (2023-2029) & ($)
Table Global Truck Refrigeration Unit Volume Market Share by Region (2018-2029)
Figure North America Truck Refrigeration Unit Revenue Growth Rate 2018-2029
Table North America Truck Refrigeration Unit Revenue by Country (2018-2029) & ($)
Figure U.S. Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Canada Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Asia Pacific Truck Refrigeration Unit Revenue Growth Rate 2018-2029 ($)
Table Asia Pacific Truck Refrigeration Unit Revenue by Country (2018-2029) & ($)
Figure China Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Japan Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure South Korea Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure India Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Australia Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Southeast Asia Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Europe Truck Refrigeration Unit Revenue Growth Rate 2018-2029 ($)
Table Europe Truck Refrigeration Unit Revenue by Country (2018-2029) & ($)
Figure Germany Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure France Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure UK Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Italy Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Russia Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Latin America Truck Refrigeration Unit Revenue Growth Rate 2018-2029 ($)
Table Latin America Truck Refrigeration Unit Revenue by Country (2018-2029) & ($)
Figure Mexico Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Brazil Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Argentina Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Middle East and Africa Truck Refrigeration Unit Revenue Growth Rate 2018-2029 ($)
Table Middle East and Africa Truck Refrigeration Unit Revenue by Country (2018-2029) & ($)
Figure Turkey Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure Saudi Arabia Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Figure UAE Truck Refrigeration Unit Revenue Growth Rate (2018-2029) & ($)
Table Daikin Industries, Ltd. Company Details
Table Description and Business Overview
Table Truck Refrigeration Unit Introduction
Table Daikin Industries, Ltd. Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Daikin Industries, Ltd. Recent Development
Table DENSO Corporation Company Details
Table Description and Business Overview
Table Truck Refrigeration Unit Introduction
Table DENSO Corporation Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table DENSO Corporation Recent Development
Table Thermo King Corporation Company Details
Table Description and Business Overview
Table Truck Refrigeration Unit Introduction
Table Thermo King Corporation Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Thermo King Corporation Recent Development
Table VBG Group AB Company Details
Table Description and Business Overview
Table Truck Refrigeration Unit Introduction
Table VBG Group AB Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table VBG Group AB Recent Development
Table Carrier Global Corporation Company Details
Table Description and Business Overview
Table Truck Refrigeration Unit Introduction
Table Carrier Global Corporation Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Carrier Global Corporation Recent Development
Table Mitsubishi Heavy Industries Thermal Systems, Ltd. Company Details
Table Description and Business Overview
Table Truck Refrigeration Unit Introduction
Table Mitsubishi Heavy Industries Thermal Systems, Ltd. Truck Refrigeration Unit Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Mitsubishi Heavy Industries Thermal Systems, Ltd. Recent Development
Figure Truck Refrigeration Unit Value Chain
Table Key Raw Materials
Table Major Distributors of Truck Refrigeration Unit with Contact Information
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Research Methodology:
Truck Refrigeration Unit Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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