Truck refrigeration unit market is anticipated to grow at a CAGR of 7.7% during the forecast period (2024-2031). Truck refrigeration units are control devices that regulate the temperature of trailers, allowing them to cool down or warm up when turned on or off, preserving perishable products such as frozen fruits, seafood, meats, dairy, and vegetables.

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Increased transportation of perishable items is required owing to a rise in sales of frozen foods, and TRUs are essential to maintain product integrity and safety all through transportation. In April 2022, according to the American Frozen Food Institute (AFFI), the sales of frozen foods increased by 8.6% in 2022 to $72.2 billion, or $72.8 billion overall.  Frozen food dollar sales gained $19.4 billion between 2018 and 2022, indicating the pandemic's influence on the category's expansion. Comparing pre-pandemic levels to frozen processed meat, frozen snacks, and seafood, double-digit increases in unit sales were observed. The largest rise in net sales was observed in frozen processed meat, which reached $4.9 billion in 2022. Seafood and frozen snacks witnessed rises of 12.4% and 25.5%, respectively.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Truck Refrigeration Unit Market by Type

Small Truck Refrigeration Unit
Medium Truck Refrigeration Unit
Large Truck Refrigeration Unit

Global Truck Refrigeration Unit Market by Application

Food & Beverages
Pharmaceuticals
Chemical Industry
Plants/Flowers
Others (Biomedical Transport, and Frozen Goods Transport)

Company Profiles 

GAH (Refrigeration) Ltd.
Great Dane
Guchen Industry
Ingersoll Rand Inc.
Jean CHEREAU SAS
Klinge Corp.
LAMBERET SAS
Mitsubishi Heavy Industries Thermal Systems, Ltd.
Morgan Truck Body Llc
Subros Ltd.
Thermo King Corp.
Trane Technologies Company, LLC
Utility Trailer Manufacturing Company, LLC.
Wabash National Corp.
Webasto SE

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global truck refrigeration unit market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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