Truck Refrigeration Unit Market Is Expected To Exhibit Significant Growth Over 2030
Truck Refrigeration Unit Market Is Expected To Exhibit Significant Growth Over 2030
Blog Article
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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Analyzing the influence of fruit and vegetable waste in the supply chain on both the economy and the environment propels market growth. According to the National Institute of Health (gov.) in June 2022, approximately 40-50% of global fruit and vegetable production is lost or wasted throughout the supply chain, resulting in significant resource wastage, greenhouse gas emissions, and economic losses. The fresh fruit and vegetable sector is particularly susceptible to wastage due to its perishable nature, sensitivity to storage and transportation conditions, seasonal availability, and consumer demand for aesthetical products. These factors contribute to high losses, especially when marketing options for less visually appealing produce are limited.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Truck Refrigeration Unit Market Report Segment
By Type
- Small Truck Refrigeration Unit
- Medium Truck Refrigeration Unit
- Large Truck Refrigeration Unit
By Application
- Food & Beverages
- Pharmaceuticals
- Chemical Industry
- Plants/Flowers
- Others (Biomedical Transport, and Frozen Goods Transport)
Global Truck Refrigeration Unit Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East & Africa
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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