The global market for Road Transport Refrigeration Equipment is estimated at US$4.6 Billion in 2023 and is projected to reach US$6.7 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the road transport refrigeration equipment market is driven by several factors, including the increasing demand for perishable goods, the expansion of e-commerce, and stringent regulations on food and pharmaceutical transportation. The growing consumer preference for fresh and frozen foods is boosting demand for reliable refrigeration solutions. The rise of online grocery shopping and home delivery services is further propelling market growth.
Technological advancements in refrigeration and telematics are enhancing the efficiency and reliability of transport refrigeration equipment. Additionally, the push for environmentally sustainable solutions is driving the development of energy-efficient and eco-friendly refrigeration units. These factors collectively ensure robust growth in the road transport refrigeration equipment market.
The growth in the road transport refrigeration equipment market is driven by several factors, including the increasing demand for perishable goods, the expansion of e-commerce, and stringent regulations on food and pharmaceutical transportation. The growing consumer preference for fresh and frozen foods is boosting demand for reliable refrigeration solutions. The rise of online grocery shopping and home delivery services is further propelling market growth.
Technological advancements in refrigeration and telematics are enhancing the efficiency and reliability of transport refrigeration equipment. Additionally, the push for environmentally sustainable solutions is driving the development of energy-efficient and eco-friendly refrigeration units. These factors collectively ensure robust growth in the road transport refrigeration equipment market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Refrigerated Trailers segment, which is expected to reach US$3.8 Billion by 2030 with a CAGR of a 5.1%. The Heavy Trucks segment is also set to grow at 5.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 6.9% CAGR to reach $714.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Road Transport Refrigeration Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Road Transport Refrigeration Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Road Transport Refrigeration Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Carrier Global Corporation, GAH (Refrigeration) LTD., Great Dane, a Division of Great Dane LLC., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 70 Featured):
- Carrier Global Corporation
- GAH (Refrigeration) LTD.
- Great Dane, a Division of Great Dane LLC.
- Hubbard Products Ltd.
- Hultsteins Kyl AB
- Jean Chéreau SAS
- Lamberet SAS
- Mitsubishi Heavy Industries Thermal Systems, Ltd.
- Morgan Truck Body, LLC
- Sainte Marie Constructions Isothermes S.M.C.I
- Schmitz Cargobull AG
- Trane Technologies plc
- FRIGOBLOCK GmbH
- Thermo King Corporation
- Wabash National Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Carrier Global Corporation
- GAH (Refrigeration) LTD.
- Great Dane, a Division of Great Dane LLC.
- Hubbard Products Ltd.
- Hultsteins Kyl AB
- Jean Chéreau SAS
- Lamberet SAS
- Mitsubishi Heavy Industries Thermal Systems, Ltd.
- Morgan Truck Body, LLC
- Sainte Marie Constructions Isothermes S.M.C.I
- Schmitz Cargobull AG
- Trane Technologies plc
- FRIGOBLOCK GmbH
- Thermo King Corporation
- Wabash National Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 334 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.6 Billion |
| Forecasted Market Value ( USD | $ 6.7 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
