Truck refrigeration is the process of keeping the materials condensed inside the truck. These trucks are high valued vehicles which helps to transport the commodities which are perishable, and temperature sensitive. It helps in protecting the product from contact of outside temperature, dirt and other harmful particles. These trucks are equipped with a mechanical refrigeration system which is powered by small displacement diesel engines, or utilize carbon dioxide as a cooling agent. It is used in transporting meat, fish, grocery, dairy products, and other perishable items.
The global truck refrigeration market is growing at a significant pace owing to driving factors such as increase of use in food and beverages industries due to its preventive nature. Furthermore, Increasing shelve life of the perishable has made the companies to invest more in this market, which has significantly acting as a factor of driving the truck refrigeration market. However, high capital cost and high level of technicalities in transportation is projected to hinder the growth of truck refrigeration market. Likewise, increase of consumption in food and beverages industry along with expansion of applicability in various industries may provide a lucrative opportunity for the market players in the near future.
The "Global Truck Refrigeration Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the truck refrigeration market with detailed market segmentation by material, type, end-user industry, and geography. The global truck refrigeration market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading truck refrigeration market players and offers key trends and opportunities in the market.
The global truck refrigeration market is segmented on the basis of material, type, and end-user industry. On the basis of vehicle type, the truck refrigeration market is segmented into, L&MCV and HCV. On the basis of application type, the market is bifurcated into, meat & fish, grocery, dairy product, Others. Based on end-user industry, the global truck refrigeration market is segmented into, food, pharmaceutical, chemical industry, plants/ flowers.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global truck refrigeration market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The truck refrigeration market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the truck refrigeration market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the truck refrigeration market in these regions.
The reports cover key developments in the truck refrigeration market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from truck refrigeration market are anticipated to lucrative growth opportunities in the future with the rising demand for truck refrigeration in the global market. Below mentioned is the list of few companies engaged in the truck refrigeration market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the truck refrigeration market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- American Durafilm
- Covestro AG
- E. I. du Pont de Nemours and Company
- Eastman Chemical Company
- Evonik Industries
- Honeywell International Inc.
- Sealed Air
- Solvay S.A.
- The Dow Chemical Company