Truck Refrigeration Unit Market worth $15.0 billion by 2025

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MarketsandMarkets Presents

Truck Refrigeration Unit Market worth 15.0
billion by 2025
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ruck-refrigeration-unit-market-243980378.html
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According to the new market research report
 "Truck Refrigeration Unit Market by Type (Roof
Mount, Split), Industry (Frozen Food, Pharma
Chemical, Ambulance Passenger Transport), Bus
Length (lt8, 8-12,gt12m), Trailer Size (20 40ft),
Application, Vehicle Type and Region - Global
Forecast to 2025", published by
MarketsandMarkets, The truck refrigeration unit
market is estimated to be USD 10.5 billion in
2018 and is projected to reach USD 15.0 billion
by 2025, at a CAGR of 5.21. The growing LCV
sales worldwide and increasing demand for frozen
and chilled goods all over the world are
projected to drive the truck refrigeration unit
market. Get The PDF Brochure For This Report
https//www.marketsandmarkets.com/pdfdownloadNew.
asp?id243980378 Browse 94 market data Tables
and 53 Figures spread through 172 Pages and
in-depth TOC on "Truck Refrigeration Unit
Market
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ruck-refrigeration-unit-market-243980378.html
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The 812 meter segment is estimated to be the
largest bus refrigeration unit market, by bus
length The 812 meter segment is estimated to
dominate the air refrigeration unit market
compared to other types owing to the increasing
demand for buses in the metro cities in developed
as well as developing countries. Moreover, the
increasing trend of smart cities has boosted the
812 meter bus segment of the air conditioning
unit market. For instance, the government of
India launched the Smart City project in 2016 for
100 cities around the country. In the 812 meter
bus segment, Asia Pacific is estimated to be the
dominating region owing to their largest fleet of
city buses in the countries such as China and
India. The fitment of air conditioning unit in
new as well as old buses to enhance the comfort
and level of passengers subsequently boosted the
air conditioning unit market in 812-meter
buses. Request Sample of the report https//www.
marketsandmarkets.com/requestsampleNew.asp?id2439
80378 The MHCV segment is expected to grow at
the highest CAGR in the truck refrigeration unit
market during the forecast period. The MHCV
refrigerated trucks are generally used for medium
to long distance transportation from one city to
another or one state to another. The MHCV
segment has shown tremendous growth in terms of
production in recent years.
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As per OICA statistics, EU-27, the Americas, and
Asia Pacific have grown by 17.9, 14.9, and
19.5, respectively, from 2016 to 2017 in the
heavy trucks segment. With the growing demand for
heavy trucks, the demand for refrigerated trucks
will also grow significantly for the
transportation of perishable goods such as
fishes, meat, and dairy products. Also, in order
to transport more than one product at a time, the
usage of multi-temperature refrigerated systems
have increased, thereby resulting in the overall
efficiency of the trucks transportation. Hence,
increasing import and export all over the world
is expected to drive the MHCV refrigeration unit
market. Increased consumption of frozen food
items and other commodities would drive the Asia
Pacific truck refrigeration unit market. Asia
Pacific is estimated to be the largest truck
refrigeration unit market during the forecast
period owing to the highest consumption of frozen
and chilled products compared to other regions
such as the Americas and EMEA. The countries of
Asia Pacific, especially India and China, have
been witnessing a change in lifestyle, eating
habits with the growing spending power.
Increasing consumer demand for frozen snacks and
convenience foods has fueled the growth of
supermarkets and quick-service restaurants such
as KFC, Burger King, Subway, Taco Bell, Pizza
Hut, and McDonald's in the region. Dont miss
out on business opportunities in Truck
Refrigeration Unit Market. Speak to our analyst
and gain crucial industry insights that will help
your business grow.
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Some of the key players in the truck
refrigeration unit market are Daikin (Japan),
Carrier (US), Thermo King (US), Denso (Japan),
Webasto (Germany), Mobile Climate Control
(Sweden), Subros (India), Sanden (Japan), Klinge
(US), and Utility Trailer (US). h
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uck-refrigeration-unit-market-243980378.html
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