Global Road Transport Refrigeration Equipment Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Road Transport Refrigeration Equipment market size was valued at US$ 9544 million in 2024 and is forecast to a readjusted size of USD 12770 million by 2031 with a CAGR of 4.3% during review period.

Road Transport Refrigeration Equipment is the vans or trucks used for transportation of fresh products or frozen products.

First, for industry structure analysis, the Road Transport Refrigeration Equipment industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 55% of the revenue market. Regionally, North America is the biggest production value area of valves, also the leader in the whole Road Transport Refrigeration Equipment industry.

Second, North America occupied more than 30% of the production market. It is followed by Europe and Asian/Oceanian Countries, which respectively account for around 28% and 19% of the global total. Other countries have a small amount of production. Geographically, North America was the largest consumption market in the world, which took about 31% of the global consumption market.

Third, Van Refrigeration System and Bodies accounts for about half of the production market, while the market of Truck Refrigeration System and Bodies is a bit larger than that of Trailer Refrigeration System and Bodiesand. Food/Beverages and Plants/Flowers are the most common application of Transport Refrigeration Equipment.

This report is a detailed and comprehensive analysis for global Road Transport Refrigeration Equipment market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Road Transport Refrigeration Equipment market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Road Transport Refrigeration Equipment market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Road Transport Refrigeration Equipment market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Road Transport Refrigeration Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Road Transport Refrigeration Equipment

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Road Transport Refrigeration Equipment market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Thermo King, Carrier Transicold, DENSO, Wabash National, Lamberet, MHI, Chereau, Great Dane, Zanotti, Kingtec, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Road Transport Refrigeration Equipment market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Van Refrigeration System and Bodies
Truck Refrigeration System and Bodies
Trailer Refrigeration System and Bodies

Market segment by Application
Food/Beverages
Pharmaceuticals/Chemicals
Plants/Flowers
Others

Major players covered
Thermo King
Carrier Transicold
DENSO
Wabash National
Lamberet
MHI
Chereau
Great Dane
Zanotti
Kingtec
FRIGOBLOCK
GAH Refrigeration
Morgan
Sainte Marie
Hubbard

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Road Transport Refrigeration Equipment product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Road Transport Refrigeration Equipment, with price, sales quantity, revenue, and global market share of Road Transport Refrigeration Equipment from 2020 to 2025.

Chapter 3, the Road Transport Refrigeration Equipment competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Road Transport Refrigeration Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Road Transport Refrigeration Equipment market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Road Transport Refrigeration Equipment.

Chapter 14 and 15, to describe Road Transport Refrigeration Equipment sales channel, distributors, customers, research findings and conclusion.