Truck Refrigeration Unit Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type, By Type, By Application, By End-Use Industry, By Region & Competition, 2020-2030F
The Global Truck Refrigeration Unit Market was valued at USD 6.53 Billion in 2024 and is projected to reach USD 8.45 Billion by 2030, growing at a CAGR of 4.41% during the forecast period. The market is experiencing robust growth due to the increasing demand for temperature-controlled transportation of perishable goods such as dairy, meat, seafood, pharmaceuticals, and fresh produce. As global trade in temperature-sensitive products continues to expand, the need for dependable refrigeration systems in trucks becomes more critical. Heightened focus on food safety standards and cold chain compliance is encouraging logistics companies to invest in advanced refrigeration technologies. Furthermore, the rapid rise of e-commerce grocery delivery and the expansion of urban populations are fueling demand for compact, efficient, and mobile refrigeration units suitable for last-mile delivery.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 6.53 Billion
Market Size 2030
USD 8.45 Billion
CAGR 2025-2030
4.41%
Fastest Growing Segment
Trailer
Largest Market
North America
Technological developments such as electric refrigeration systems, solar-powered units, telematics integration, and multi-zone temperature control are reshaping the market landscape. These innovations improve operational efficiency, reduce emissions, and offer precise control over cargo temperature. Sustainability concerns are also prompting manufacturers to adopt eco-friendly refrigerants and electric drive systems. Additionally, real-time monitoring through IoT platforms enhances transparency and reduces spoilage risks, while new opportunities are emerging in sectors like pharmaceuticals, floriculture, and specialty chemicals that require stringent cold chain management.
Key Market Drivers
Surge in Demand for Perishable Goods Transportation
The growing consumption of perishable goods-including fruits, vegetables, dairy, meat, and seafood-is driving the demand for refrigerated transportation. According to data from UNCTAD and WHO, global food trade grew 350% between 2000 and 2021, reaching USD 1.7 trillion and representing 8% of total merchandise trade. Consumer trends favoring fresh and organic products, along with the increased need to transport temperature-sensitive pharmaceuticals and biologics, have intensified the requirement for advanced truck refrigeration units. The expansion of online grocery platforms and same-day delivery models is also propelling demand for efficient cold chain logistics. These market dynamics are compelling fleet operators to modernize and expand their refrigerated fleets to ensure product integrity throughout the supply chain.
Key Market Challenges
High Initial Investment and Operational Costs
The cost of acquiring and operating truck refrigeration units is a major barrier for market expansion, particularly for smaller fleet operators. These systems require high upfront investments due to the complexity of integrating cooling technology, insulation, and power modules. Additionally, operational expenses-including fuel consumption, maintenance, and repair-add to the total cost of ownership. Environmentally friendly models such as hybrid and electric refrigeration units involve even higher costs due to battery systems and advanced components. Limited financial incentives and a lack of supportive infrastructure in several regions further hinder adoption. For many small and medium enterprises, justifying the capital expenditure amidst tight margins remains a challenge.
Key Market Trends
Shift Toward Electrification of Refrigeration Units
As the logistics industry increasingly prioritizes sustainability, there is a growing transition from diesel-powered refrigeration systems to electric models. Electric truck refrigeration units offer cleaner, quieter, and more energy-efficient solutions, particularly suited for urban and short-haul routes. These units operate using the truck's battery or a dedicated auxiliary system, reducing fuel dependency and emissions. Technological advancements in battery performance and thermal management are making electric systems more reliable and cost-effective in the long term. Logistics companies aiming to reduce their carbon footprint are investing in electrified fleets, aligning with global environmental goals. Despite ongoing challenges such as charging infrastructure limitations, the momentum toward electric refrigeration is accelerating, driven by regulatory support and corporate sustainability initiatives.
Key Market Players
Carrier Transicold
Thermo King
Mitsubishi Heavy Industries, Ltd.
Daikin Industries, Ltd
Webasto Group
Denso Corporation
Utility Trailer Manufacturing Company, LLC
Kidron
Subros Limited
Zhengzhou Guchen Thermo Co., Ltd.
Report Scope:
In this report, the global Truck Refrigeration Unit Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Truck Refrigeration Unit Market, By Vehicle Type:
Light Commercial Vehicle
Medium and Heavy Commercial Vehicle
Trailer
Truck Refrigeration Unit Market, By Type:
Nose-Mounted
Roof-Mounted
Truck Refrigeration Unit Market, By Application:
Frozen
Chilled
Truck Refrigeration Unit Market, By End-Use Industry:
Food & Beverage
Pharmaceutical
Others
Truck Refrigeration Unit Market, By Region:
North America
United States
Canada
Mexico
Europe & CIS
Germany
France
U.K.
Spain
Italy
Asia-Pacific
China
Japan
India
Australia
South Korea
Middle East & Africa
South Africa
Saudi Arabia
UAE
Turkey
South America
Brazil
Argentina
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the global Truck Refrigeration Unit Market.
Available Customizations:
Global Truck Refrigeration Unit Market report with the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Introduction
1.1. Research Tenure Considered
1.2. Market Definition
1.3. Scope of the Market
1.4. Markets Covered
1.5. Years Considered for Study
1.6. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Truck Refrigeration Unit Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Vehicle Type Market Share Analysis (Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Trailer)
4.2.2. By Type Market Share Analysis (Nose-Mounted, Roof-Mounted)
4.2.3. By Application Market Share Analysis (Frozen, Chilled)
4.2.4. By End-Use Industry Market Share Analysis (Food & Beverage, Pharmaceutical, Others)
4.2.5. By Regional Market Share Analysis
4.2.6. By Top 5 Companies Market Share Analysis, Others (2024)
4.3. Truck Refrigeration Unit Market Mapping & Opportunity Assessment
5. North America Truck Refrigeration Unit Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Vehicle Type Market Share Analysis
5.2.2. By Type Market Share Analysis
5.2.3. By Application Market Share Analysis
5.2.4. By End-Use Industry Market Share Analysis
5.2.5. By Country Market Share Analysis
5.2.5.1. United States Truck Refrigeration Unit Market Outlook
5.2.5.1.1. Market Size & Forecast
5.2.5.1.1.1. By Value
5.2.5.1.2. Market Share & Forecast
5.2.5.1.2.1. By Vehicle Type Market Share Analysis
5.2.5.1.2.2. By Type Market Share Analysis
5.2.5.1.2.3. By Application Market Share Analysis
5.2.5.1.2.4. By End-Use Industry Market Share Analysis
5.2.5.2. Canada Truck Refrigeration Unit Market Outlook
5.2.5.2.1. Market Size & Forecast
5.2.5.2.1.1. By Value
5.2.5.2.2. Market Share & Forecast
5.2.5.2.2.1. By Vehicle Type Market Share Analysis
5.2.5.2.2.2. By Type Market Share Analysis
5.2.5.2.2.3. By Application Market Share Analysis
5.2.5.2.2.4. By End-Use Industry Market Share Analysis
5.2.5.3. Mexico Truck Refrigeration Unit Market Outlook
5.2.5.3.1. Market Size & Forecast
5.2.5.3.1.1. By Value
5.2.5.3.2. Market Share & Forecast
5.2.5.3.2.1. By Vehicle Type Market Share Analysis
5.2.5.3.2.2. By Type Market Share Analysis
5.2.5.3.2.3. By Application Market Share Analysis
5.2.5.3.2.4. By End-Use Industry Market Share Analysis
6. Europe & CIS Truck Refrigeration Unit Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis
6.2.2. By Type Market Share Analysis
6.2.3. By Application Market Share Analysis
6.2.4. By End-Use Industry Market Share Analysis
6.2.5. By Country Market Share Analysis
6.2.5.1. France Truck Refrigeration Unit Market Outlook
6.2.5.1.1. Market Size & Forecast
6.2.5.1.1.1. By Value
6.2.5.1.2. Market Share & Forecast
6.2.5.1.2.1. By Vehicle Type Market Share Analysis
6.2.5.1.2.2. By Type Market Share Analysis
6.2.5.1.2.3. By Application Market Share Analysis
6.2.5.1.2.4. By End-Use Industry Market Share Analysis
6.2.5.2. Germany Truck Refrigeration Unit Market Outlook
6.2.5.2.1. Market Size & Forecast
6.2.5.2.1.1. By Value
6.2.5.2.2. Market Share & Forecast
6.2.5.2.2.1. By Vehicle Type Market Share Analysis
6.2.5.2.2.2. By Type Market Share Analysis
6.2.5.2.2.3. By Application Market Share Analysis
6.2.5.2.2.4. By End-Use Industry Market Share Analysis
6.2.5.3. United Kingdom Truck Refrigeration Unit Market Outlook
6.2.5.3.1. Market Size & Forecast
6.2.5.3.1.1. By Value
6.2.5.3.2. Market Share & Forecast
6.2.5.3.2.1. By Vehicle Type Market Share Analysis
6.2.5.3.2.2. By Type Market Share Analysis
6.2.5.3.2.3. By Application Market Share Analysis
6.2.5.3.2.4. By End-Use Industry Market Share Analysis
6.2.5.4. Italy Truck Refrigeration Unit Market Outlook
6.2.5.4.1. Market Size & Forecast
6.2.5.4.1.1. By Value
6.2.5.4.2. Market Share & Forecast
6.2.5.4.2.1. By Vehicle Type Market Share Analysis
6.2.5.4.2.2. By Type Market Share Analysis
6.2.5.4.2.3. By Application Market Share Analysis
6.2.5.4.2.4. By End-Use Industry Market Share Analysis
6.2.5.5. Spain Truck Refrigeration Unit Market Outlook
6.2.5.5.1. Market Size & Forecast
6.2.5.5.1.1. By Value
6.2.5.5.2. Market Share & Forecast
6.2.5.5.2.1. By Vehicle Type Market Share Analysis
6.2.5.5.2.2. By Type Market Share Analysis
6.2.5.5.2.3. By Application Market Share Analysis
6.2.5.5.2.4. By End-Use Industry Market Share Analysis
7. Asia-Pacific Truck Refrigeration Unit Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Vehicle Type Market Share Analysis
7.2.2. By Type Market Share Analysis
7.2.3. By Application Market Share Analysis
7.2.4. By End-Use Industry Market Share Analysis
7.2.5. By Country Share Analysis
7.2.5.1. China Truck Refrigeration Unit Market Outlook
7.2.5.1.1. Market Size & Forecast
7.2.5.1.1.1. By Value
7.2.5.1.2. Market Share & Forecast
7.2.5.1.2.1. By Vehicle Type Market Share Analysis
7.2.5.1.2.2. By Type Market Share Analysis
7.2.5.1.2.3. By Application Market Share Analysis
7.2.5.1.2.4. By End-Use Industry Market Share Analysis
7.2.5.2. Japan Truck Refrigeration Unit Market Outlook
7.2.5.2.1. Market Size & Forecast
7.2.5.2.1.1. By Value
7.2.5.2.2. Market Share & Forecast
7.2.5.2.2.1. By Vehicle Type Market Share Analysis
7.2.5.2.2.2. By Type Market Share Analysis
7.2.5.2.2.3. By Application Market Share Analysis
7.2.5.2.2.4. By End-Use Industry Market Share Analysis
7.2.5.3. Australia Truck Refrigeration Unit Market Outlook
7.2.5.3.1. Market Size & Forecast
7.2.5.3.1.1. By Value
7.2.5.3.2. Market Share & Forecast
7.2.5.3.2.1. By Vehicle Type Market Share Analysis
7.2.5.3.2.2. By Type Market Share Analysis
7.2.5.3.2.3. By Application Market Share Analysis
7.2.5.3.2.4. By End-Use Industry Market Share Analysis
7.2.5.4. India Truck Refrigeration Unit Market Outlook
7.2.5.4.1. Market Size & Forecast
7.2.5.4.1.1. By Value
7.2.5.4.2. Market Share & Forecast
7.2.5.4.2.1. By Vehicle Type Market Share Analysis
7.2.5.4.2.2. By Type Market Share Analysis
7.2.5.4.2.3. By Application Market Share Analysis
7.2.5.4.2.4. By End-Use Industry Market Share Analysis
7.2.5.5. South Korea Truck Refrigeration Unit Market Outlook
7.2.5.5.1. Market Size & Forecast
7.2.5.5.1.1. By Value
7.2.5.5.2. Market Share & Forecast
7.2.5.5.2.1. By Vehicle Type Market Share Analysis
7.2.5.5.2.2. By Type Market Share Analysis
7.2.5.5.2.3. By Application Market Share Analysis
7.2.5.5.2.4. By End-Use Industry Market Share Analysis
8. Middle East & Africa Truck Refrigeration Unit Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Vehicle Type Market Share Analysis
8.2.2. By Type Market Share Analysis
8.2.3. By Application Market Share Analysis
8.2.4. By End-Use Industry Market Share Analysis
8.2.5. By Country Market Share Analysis
8.2.5.1. South Africa Truck Refrigeration Unit Market Outlook
8.2.5.1.1. Market Size & Forecast
9.2.4.1.1.1. By Value
8.2.5.1.2. Market Share & Forecast
8.2.5.1.2.1. By Vehicle Type Market Share Analysis
8.2.5.1.2.2. By Type Market Share Analysis
8.2.5.1.2.3. By Application Market Share Analysis
8.2.5.1.2.4. By End-Use Industry Market Share Analysis
8.2.5.2. Saudi Arabia Truck Refrigeration Unit Market Outlook
8.2.5.2.1. Market Size & Forecast
8.2.5.2.1.1. By Value
8.2.5.2.2. Market Share & Forecast
8.2.5.2.2.1. By Vehicle Type Market Share Analysis
8.2.5.2.2.2. By Type Market Share Analysis
8.2.5.2.2.3. By Application Market Share Analysis
8.2.5.2.2.4. By End-Use Industry Market Share Analysis
8.2.5.3. UAE Truck Refrigeration Unit Market Outlook
8.2.5.3.1. Market Size & Forecast
8.2.5.3.1.1. By Value
8.2.5.3.2. Market Share & Forecast
8.2.5.3.2.1. By Vehicle Type Market Share Analysis
8.2.5.3.2.2. By Type Market Share Analysis
8.2.5.3.2.3. By Application Market Share Analysis
8.2.5.3.2.4. By End-Use Industry Market Share Analysis
8.2.5.4. Turkey Truck Refrigeration Unit Market Outlook
8.2.5.4.1. Market Size & Forecast
8.2.5.4.1.1. By Value
8.2.5.4.2. Market Share & Forecast
8.2.5.4.2.1. By Vehicle Type Market Share Analysis
8.2.5.4.2.2. By Type Market Share Analysis
8.2.5.4.2.3. By Application Market Share Analysis
8.2.5.4.2.4. By End-Use Industry Market Share Analysis
9. South America Truck Refrigeration Unit Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Vehicle Type Market Share Analysis
9.2.2. By Type Market Share Analysis
9.2.3. By Application Market Share Analysis
9.2.4. By End-Use Industry Market Share Analysis
9.2.5. By Country Market Share Analysis
9.2.5.1. Brazil Truck Refrigeration Unit Market Outlook
9.2.5.1.1. Market Size & Forecast
9.2.5.1.1.1. By Value
9.2.5.1.2. Market Share & Forecast
9.2.5.1.2.1. By Vehicle Type Market Share Analysis
9.2.5.1.2.2. By Type Market Share Analysis
9.2.5.1.2.3. By Application Market Share Analysis
9.2.5.1.2.4. By End-Use Industry Market Share Analysis
9.2.5.2. Argentina Truck Refrigeration Unit Market Outlook
9.2.5.2.1. Market Size & Forecast
9.2.5.2.1.1. By Value
9.2.5.2.2. Market Share & Forecast
9.2.5.2.2.1. By Vehicle Type Market Share Analysis
9.2.5.2.2.2. By Type Market Share Analysis
9.2.5.2.2.3. By Application Market Share Analysis
9.2.5.2.2.4. By End-Use Industry Market Share Analysis