According to the latest report by IMARC Group, titled “India Refrigerated Trucks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the india refrigerated trucks market is expected to exhibit a CAGR of 18.8% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the india refrigerated trucks market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Refrigerated trucks refer to vehicles that are designed to carry perishable goods at lower temperatures to prevent spoilage or contamination. They are primarily equipped with a mechanical refrigerating system that utilizes dry ice (solid carbon dioxide) as a cooling agent to keep the temperature below the freezing point. As a result, these trucks are widely used to transport several temperature-sensitive products, such as dairy products, meat, fish, fruits, vegetables, confectioneries, pharmaceuticals, etc.
India Refrigerated Trucks Market Trends and Drivers:
The expanding food retail industry, coupled with the continuous advnacements in cold chain logistic facilities, are primarily catalyzing the India refrigerated trucks market. Besides this, the shifting consumer inclination towards frozen, processed, and ready-to-eat food items due to sedentary lifestyles and hectic work schedules is also augmenting the market growth. Furthermore, with the expansion of e-commerce platforms, food product availability is increasing across a variety of online distribution channels. This is also stimulating the adoption of refrigerated trucks for supply-based operations. In addition to this, ongoing upgradation in the the healthcare industry, particularly in light of the COVID-19 pandemic, have raised the demand for secure transportation of temperature-sensitive goods, including vaccines, clinical trial materials, biopharmaceuticals, and other medications. Moreover, the emerging popularity of phase change material (PCM) in truck refrigeration systems to offer enhanced energy efficiency is likely to strengthen the India refrigerated trucks market in the coming years.
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India Refrigerated Trucks Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
XX |
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Market forecast in 2027 |
CAGR of 18.8% |
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Growth Rate |
CAGR of 18.8% during 2022-2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
vehicle capacity GVW, sector, body type and application, region |
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Regional scope |
North India, West and Central India, South India, East India |
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Key companies profiled |
Carrier Airconditioning & Refrigeration Limited (Carrier Global Corporation), Ice Make Refrigeration Limited, JCBL Limited, KOLD SEAL, Motherson Sumi System Ltd, Subros Limited, Surin International Private Limited, Tata Motors Limited, Trane Technologies India Pvt Ltd and TransACNR. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Vehicle Capacity GVW:
- 02 – 4.5 Tons
- 7 – 7.5 Tons
- 11-12 Tons
- 18.5 Tons
- 28.5 Tons
- 35 Tons
Breakup by Sector:
- Organized Sector
- Organized Sector
Breakup by Body Type:
- Fully Built
- Customizable
Breakup by Application:
- Meat and Fish
- Dairy Products
- Fruits & Vegetables
- Confectionaries
- Pharmaceutical
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
List of Major Key Players:
The major players in the market are Carrier Airconditioning & Refrigeration Limited (Carrier Global Corporation), Ice Make Refrigeration Limited, JCBL Limited, KOLD SEAL, Motherson Sumi System Ltd, Subros Limited, Surin International Private Limited, Tata Motors Limited, Trane Technologies India Pvt Ltd and TransACNR.
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