Please Wait.....
Report
North America Truck Refrigeration Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Split Systems and Roof Mounted Systems), Application (Frozen and Chilled), Industry Vertical (Food & Beverages, Pharmaceutical, Chemical, and Others), and Class [2-3 (Light Commercial Vehicle) and 4-7 (Medium & Heavy Commercial Vehicle)]
Market Report I 2023-05-12 I 121 Pages I The Insight Partners
The North America truck refrigeration market is expected to grow from US$ 1,614.12 million in 2022 to US$ 2,084.80 million by 2028; it is estimated to record a CAGR of 4.4% from 2023 to 2028.
The growing demand for refrigerated transport is propelling the need for technological advancements in the refrigeration units of trucks. Market players are incorporating technologies such as real-time trace management and advanced cool chain temperature monitoring technology in truck refrigeration systems. These technologies help monitor precooling, cooling, loading, and uploading processes. In addition, if the refrigeration unit is integrated with a temperature monitoring system, it can help monitor and control refrigerated truck units. Furthermore, the market players in North America are continuously working on maximizing reliability to provide fresh food to consumers and making these trucks economically efficient. In August 2021, Thermo King, a US firm specializing in temperature control systems for transportation, launched a new refrigeration system, T-80E series. The system provides accurate temperature controls for trucks with greater capacity. The new T-80E series has improved control software and has long-life electronic evaporator fans.
The North America truck refrigeration market is segmented on the basis of type, application, industry vertical, and class. In terms of type, the truck refrigeration market is bifurcated into split systems and roof mounted systems. Based on application, the truck refrigeration market is bifurcated into frozen and chilled. truck refrigeration is used to transport pharmaceutical products and perishable goods such as fruits, vegetables, seafood, meat, and others. As the population in the urban cities of this region is increasing, the demand for food supplies is also growing. Thus, the frozen food industry has grown tremendously in recent decades to fulfill the needs of consumers in uban areas. According to the American Frozen Food Institute (AFFI), in 2020, frozen food sales grew by 21% in the region compared to 2019. Furthermore, in 2020, online sales of frozen food increased by around 75% compared to 2019, with frozen dinners/entrees, meat, poultry, and seafood leading the way. Based on industry vertical, the truck refrigeration market is segmented into food & beverage, pharmaceutical, chemical, and others. By class, the market is segmented into 2-3 (light commercial vehicle) and 4-7 (medium & heavy commercial vehicle). Based on country, the truck refrigeration market is segmented into the US and Canada.
Mitsubishi Heavy Industries Ltd, Denso Corp, Klinge Corporation, Carrier Global Corp, Webasto Thermo & Comfort, Thermo King (Trane Technologies), Daikin Industries Ltd, Arctic Traveler (Canada) Ltd, Zanotti Canada Inc, and Volta Air Technology Inc are a few truck refrigeration manufacturers in North America. These truck refrigeration market players are continuously working on product innovation to transport food products, medicines, and chemicals safely. In August 2021, Thermo King launched T-80E series units for refrigerated trucks. Thus, innovations by market players will fuel the North America truck refrigeration market growth during the forecast period.
Based on application, the North America truck refrigeration market is bifurcated into frozen and chilled. The refrigeration trucks that carry chilled food or other chilled products have to maintain a temperature range of approximately 0-8C, i.e., above the freezing point of the food. Transporting food items through refrigeration trucks helps reduce the rate of biochemical changes and can preserve most of the nutritional values and properties of foods. Thus, this is likely to reduce the risk of bacterial growth. All these factors are propelling the growth of the North America truck refrigeration market.
Impact of COVID-19 Pandemic on North America Truck Refrigeration Market
In 2020, the rapid spread of the novel coronavirus urged governments in North America to impose lockdowns and strict restrictions on human movement. However, post-lockdown, when all the facilities restarted, various players worked on developing innovative refrigerated trucks. In February 2021, Thermo King announced the launch of its new fully electric refrigeration unit for small to medium-sized trucks. This new e200 unit is ideal for all-electric solutions, including electric and engine-powered trucks. Thus, the growing demand for to transport food products and medicine at lower temperature to drive the growth of the North America truck refrigeration market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Truck Refrigeration Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Truck Refrigeration Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Frozen Food
5.1.2 Growing Technological Advancements in Refrigeration Units
5.2 Market Restraints
5.2.1 High Capital Cost and Maintenance Requirement
5.3 Market Opportunities
5.3.1 Continuously Improving Logistics Sector
5.4 Future Trends
5.4.1 Increasing Focus on Electric Trucks
5.5 Impact Analysis of Drivers and Restraints
6. Truck Refrigeration Market - North America Analysis
6.1 North America: Truck Refrigeration Market Overview
6.2 North America: Truck Refrigeration Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning- Top Five Players
7. North America Truck Refrigeration Market Analysis - by Type
7.1 Overview
7.2 North America Truck Refrigeration Market, By Type (2022 And 2028)
7.3 Split Systems
7.3.1 Overview
7.3.2 Split Systems: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
7.4 Roof Mounted Systems
7.4.1 Overview
7.4.2 Roof Mounted Systems: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
8. North America Truck Refrigeration Market Revenue and Forecast to 2028 - Application
8.1 Overview
8.2 North America Truck Refrigeration Market, By Application (2022 And 2028)
8.3 Frozen
8.3.1 Overview
8.3.2 Frozen: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
8.4 Chilled
8.4.1 Overview
8.4.2 Chilled: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
9. North America Truck Refrigeration Market Revenue and Forecast to 2028 - Industry Vertical
9.1 Overview
9.2 North America Truck Refrigeration Market, By Industry Vertical (2022 And 2028)
9.3 Food & Beverage
9.3.1 Overview
9.3.2 Food & Beverage: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
9.4 Pharmaceutical
9.4.1 Overview
9.4.2 Pharmaceutical: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
9.5 Chemical
9.5.1 Overview
9.5.2 Chemical: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
10. North America Truck Refrigeration Market Revenue and Forecast to 2028 - Class
10.1 Overview
10.2 North America Truck Refrigeration Market, By Class (2022 And 2028)
10.2.1 North America: Truck Refrigeration Market, by Class, by Volume
10.3 2-3 (Light Commercial Vehicle)
10.3.1 Overview
10.3.2 2-3 (Light Commercial Vehicle): North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
10.4 4-7 (Medium & Heavy Commercial Vehicle)
10.4.1 Overview
10.4.2 4-7 (Medium & Heavy Commercial Vehicle): North America Truck Refrigeration Market Revenue and Forecast To 2028 (US$ Million)
11. North America Truck Refrigeration Market - Country Analysis
11.1 Overview
11.2 North America: Truck Refrigeration Market
11.2.1 North America Truck Refrigeration Market Breakdown, by Country
11.3 US: Truck Refrigeration Market
11.3.1 US: Truck Refrigeration Market, by Type
11.3.2 US: Truck Refrigeration Market, by Application
11.3.3 US: Truck Refrigeration Market, by Industry Vertical
11.3.4 US: Truck Refrigeration Market, by Class
11.4 Canada: Truck Refrigeration Market
11.4.1 Canada: Truck Refrigeration Market, by Type
11.4.2 Canada: Truck Refrigeration Market, by Application
11.4.3 Canada: Truck Refrigeration Market, by Industry Vertical
11.4.4 Canada: Truck Refrigeration Market, by Class
12. Truck Refrigeration Market- COVID-19 Impact Analysis
12.1 North America
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Mitsubishi Heavy Industries Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Denso Corp
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Klinge Corporation
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Carrier Global Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Webasto Thermo & Comfort
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Thermo King (Trane Technologies)
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Daikin Industries Ltd
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Arctic Traveler (Canada) Ltd( Advanced Temperature Control)
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Kingtec USA
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Volta Air Technology Inc
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Truck Refrigeration Market, Revenue and Forecast, 2019-2028 (US$ Mn)
Table 2. North America: Truck Refrigeration Market, by Class - Volume and Forecast to 2028 (Units)
Table 3. North America Truck Refrigeration Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 4. US: Truck Refrigeration Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Truck Refrigeration Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Truck Refrigeration Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Truck Refrigeration Market, by Class - Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Truck Refrigeration Market, by Class - Volume and Forecast to 2028 (Units)
Table 9. Canada: Truck Refrigeration Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Truck Refrigeration Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Truck Refrigeration Market, by Industry Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Truck Refrigeration Market, by Class - Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Truck Refrigeration Market, by Class - Volume and Forecast to 2028 (Units)
Table 14. Glossary of Term: Truck Refrigeration Market
LIST OF FIGURES
Figure 1. Truck Refrigeration Market Segmentation
Figure 2. Truck Refrigeration Market Segmentation - By Country
Figure 3. Truck Refrigeration Market Overview
Figure 4. Split Segment Dominate the Market by Type
Figure 5. Chilled Segment Dominate the Market by Application
Figure 6. Food & Beverages Segment Dominate the Market by Industry Vertical
Figure 7. 4-7 (Medium and Heavy duty Commercial Vehicle)Segment Dominate the Market by Class
Figure 8. North America PEST Analysis
Figure 9. Truck Refrigeration Market, Ecosystem
Figure 10. Truck Refrigeration Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Truck Refrigeration Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Truck Refrigeration Market, By Type (2022 and 2028)
Figure 13. Split Systems: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Roof Mounted Systems: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Truck Refrigeration Market, By Application (2022 and 2028)
Figure 16. Frozen: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Chilled: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Truck Refrigeration Market, By Industry Vertical (2022 and 2028)
Figure 19. Food & Beverage: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Pharmaceutical: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Chemical: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Truck Refrigeration Market, By Class (2022 and 2028)
Figure 24. 2-3 (Light Commercial Vehicle): North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. 4-7 (Medium & Heavy Commercial Vehicle): North America Truck Refrigeration Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Truck Refrigeration Market Breakdown, by Country, 2022 & 2028 (%)
Figure 27. US: Truck Refrigeration Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Truck Refrigeration Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North America Markets
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security