Global Road Transport Refrigeration Equipment Market Growth 2023-2029

Global Road Transport Refrigeration Equipment Market Growth 2023-2029

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

LPI (LP Information)' newest research report, the “Road Transport Refrigeration Equipment Industry Forecast” looks at past sales and reviews total world Road Transport Refrigeration Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Road Transport Refrigeration Equipment sales for 2023 through 2029. With Road Transport Refrigeration Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Road Transport Refrigeration Equipment industry.

This Insight Report provides a comprehensive analysis of the global Road Transport Refrigeration Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Road Transport Refrigeration Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Road Transport Refrigeration Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Road Transport Refrigeration Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Road Transport Refrigeration Equipment.

The global Road Transport Refrigeration Equipment market size is projected to grow from US$ 8660.6 million in 2022 to US$ 11840 million in 2029; it is expected to grow at a CAGR of 11840 from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Road Transport Refrigeration Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Van Refrigeration System and Bodies

Truck Refrigeration System and Bodies

Trailer Refrigeration System and Bodies

Segmentation by application

Food/Beverages

Pharmaceuticals/Chemicals

Plants/Flowers

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Thermo King

Carrier Transicold

DENSO

Wabash National

Lamberet

MHI

Chereau

Great Dane

Zanotti

Kingtec

FRIGOBLOCK

GAH Refrigeration

Morgan

Sainte Marie

Hubbard

Key Questions Addressed in this Report

What is the 10-year outlook for the global Road Transport Refrigeration Equipment market?

What factors are driving Road Transport Refrigeration Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Road Transport Refrigeration Equipment market opportunities vary by end market size?

How does Road Transport Refrigeration Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.