North America Truck Refrigeration Unit Market Size, Share & Trends Analysis Report By Type (Split, and Roof Mount), By Trailer size, By End-user (Food, Pharmaceutical, Chemical Industry, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Truck Refrigeration Unit Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030).
The US market dominated the North America Truck Refrigeration Unit Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,180.7 Million by 2030. The Canada market is experiencing a CAGR of 7.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).
Refrigeration units designed for these industries carefully regulate humidity levels, ensuring the longevity of the transported goods. In addition, the retail sector, including supermarket chains and grocery stores, heavily depends on the TRU market to facilitate the smooth and uninterrupted flow of perishable goods from distribution centers to retail outlets. The efficiency of refrigeration units directly influences the freshness of products on display, impacting consumer preferences and brand reputation.
The efficiency of refrigeration units directly influences the freshness and overall quality of products displayed in retail outlets. Consumers associate the visual appeal and freshness of perishable goods with the reputation of the retailer and the brand. Well-maintained refrigeration units preserve color, texture, and flavor, enhancing the consumer experience and fostering trust in the retailer's commitment to delivering high-quality products.
With an uptick in demand for chemical products, there will likely be a corresponding increase in the transportation of these goods across Mexico. As per the Government of Mexico, in 2022, the trade exchange (including international purchases and sales) of Chemical Products was US$61.9B. In 2022, the states with the most international sales in Chemical Products were Ciudad de México (US$3.06B), Estado de México (US$2.68B), Nuevo León (US$1.98B), Guanajuato (US$1.13B), and Baja California (US$1.07B). Thus, North America's rising food & beverage and chemical sectors will boost the demand for TRU in the region.
Based on Type, the market is segmented into Split, and Roof Mount. Based on Trailer size, the market is segmented into Below 20ft, 20-40ft, and Above 40ft. Based on End-user, the market is segmented into Food, Pharmaceutical, Chemical Industry, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Denso Corporation
- Webasto Group
- Klinge Corporation
- Carrier Global Corporation
- Trane Technologies PLC (Thermo King)
- Daikin Industries, Ltd.
- Mitsubishi Heavy Industries Ltd.
- Subros Limited
- Arctic Traveler Canada (Advanced Temperature Control)
- Utility Trailer Manufacturing Company, LLC
By Type
- Split
- Roof Mount
- Below 20ft
- 20-40ft
- Above 40ft
- Food
- Pharmaceutical
- Chemical Industry
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Truck Refrigeration Unit Market, by Type
- 1.4.2 North America Truck Refrigeration Unit Market, by Trailer size
- 1.4.3 North America Truck Refrigeration Unit Market, by End User
- 1.4.4 North America Truck Refrigeration Unit Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Feb – 2024, Feb) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Truck Refrigeration Unit Market by Type
- 5.1 North America Split Market by Country
- 5.2 North America Roof Mount Market by Country
- Chapter 6. North America Truck Refrigeration Unit Market by Trailer size
- 6.1 North America Below 20ft Market by Country
- 6.2 North America 20-40ft Market by Country
- 6.3 North America Above 40ft Market by Country
- Chapter 7. North America Truck Refrigeration Unit Market by End-user
- 7.1 North America Food Market by Country
- 7.2 North America Pharmaceutical Market by Country
- 7.3 North America Chemical Industry Market by Country
- 7.4 North America Others Market by Country
- Chapter 8. North America Truck Refrigeration Unit Market by Country
- 8.1 US Truck Refrigeration Unit Market
- 8.1.1 US Truck Refrigeration Unit Market by Type
- 8.1.2 US Truck Refrigeration Unit Market by Trailer size
- 8.1.3 US Truck Refrigeration Unit Market by End-user
- 8.2 Canada Truck Refrigeration Unit Market
- 8.2.1 Canada Truck Refrigeration Unit Market by Type
- 8.2.2 Canada Truck Refrigeration Unit Market by Trailer size
- 8.2.3 Canada Truck Refrigeration Unit Market by End-user
- 8.3 Mexico Truck Refrigeration Unit Market
- 8.3.1 Mexico Truck Refrigeration Unit Market by Type
- 8.3.2 Mexico Truck Refrigeration Unit Market by Trailer size
- 8.3.3 Mexico Truck Refrigeration Unit Market by End-user
- 8.4 Rest of North America Truck Refrigeration Unit Market
- 8.4.1 Rest of North America Truck Refrigeration Unit Market by Type
- 8.4.2 Rest of North America Truck Refrigeration Unit Market by Trailer size
- 8.4.3 Rest of North America Truck Refrigeration Unit Market by End-user
- Chapter 9. Company Profiles
- 9.1 Denso Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Product Launches and Product Expansions:
- 9.1.5 SWOT Analysis
- 9.2 Webasto Group
- 9.2.1 Company Overview
- 9.2.2 Recent strategies and developments:
- 9.2.2.1 Product Launches and Product Expansions:
- 9.2.3 SWOT Analysis
- 9.3 Klinge Corporation
- 9.3.1 Company Overview
- 9.4 Carrier Global Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.5.3 Geographical Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Trane Technologies PLC (Thermo King)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Daikin Industries, Ltd.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.5.2 Acquisition and Mergers:
- 9.6.5.3 Geographical Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Mitsubishi Heavy Industries Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Subros Limited
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Research & Development Expenses
- 9.8.4 SWOT Analysis
- 9.9 Arctic Traveler Canada (Advanced Temperature Control)
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
- 9.10. Utility Trailer Manufacturing Company, LLC
- 9.10.1 Company Overview
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