Demand of chilled and frozen food products propelling adoption of truck refrigeration in food & beverages industry
According to our latest market study on “Truck Refrigeration Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (Split Systems and Roof Mounted Systems); Application (Frozen and Chilled); Industry Vertical (Food & Beverage, Pharmaceutical & Chemical, and Others); and Vehicle Type (Trailers and Medium & Heavy Commercial Vehicles); Geography” the market was valued at US$ 9,100.1 millionin 2019 and is projected to reach US$ 13336.1 millionby 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027.The report highlights the key factors driving the market growth, and prominent players and their developmentsin the market.
Request Sample Pages of This Research Study @ https://www.theinsightpartners.com/sample/TIPRE00005314/
The safety of food products is a major concern worldwide, mainly due to the increase in demand for fresh food items. Shipping frozen and perishable food items such as meat, seafood, vegetables, and fruits is a major task in the food & beverages industry, which is increasing the requirement of advanced refrigeration systems for transportation. The rising demand for cold chain products is driving the adoption of refrigerated trucks. Additionally, the rise in demand for online delivery of chilled and frozen products is generating the growth opportunities for the truck refrigeration market players. Mounting importance of organic food in countries such as Germany, the US, and the UK owing to the strict restrictions on the intake of synthetic ingredients such as artificial colors in the foodstuff is anticipated to encourage the scope of the refrigerated trucks in the coming years. Moreover, the global population is estimated to ramp up to 9.2 billion by 2050, and such rise in the population would trigger the requirement of essential food transport facilities in the future.Growth in the adoption of truck refrigeration systems in the food & beverages industry is a prime factor fueling the growth of truck refrigeration unitproviders. The market for this industry is expected to reach US$5,563.1million by 2022.
Carrier Global Corporation; Daikin; Denso; Klinge Corporation; Mitsubishi Heavy Industries, Ltd.; SCHMITZ CARGOBULL; Subros Limited; Songz Automobile Air Conditioning Co., Ltd.; Thermo King; and Webasto Thermo & Comfortare among the leading players in the truck refrigeration market.
The Truck Refrigeration Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
Order a Copy of This Research Study @ https://www.theinsightpartners.com/buy/TIPRE00005314/
The Truck Refrigeration Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get value of their money along with better quality data and analysis.
Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get a deeper analysis on various research topics.
If you have any queries about this report or would like further information, please contact us:
North America: +1 646 491 9876
Asia-Pacific: +91 20 6727 8686
Email: [email protected]