The Asia Pacific Truck Refrigeration Unit Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030).
The China market dominated the Asia Pacific Truck Refrigeration Unit Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,926.5 Million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
The market stands at the forefront of the logistics and transportation industry, orchestrating the seamless preservation and transportation of perishable goods across vast supply chains. As the demand for efficient and reliable cold chain solutions continues to surge, the market plays a pivotal role in ensuring the integrity and freshness of temperature-sensitive products, ranging from fresh produce to pharmaceuticals.
In addition, the adoption of refrigeration units in the transportation sector has undergone a profound evolution, mirroring the advancements in technology and the growing intricacies of supply chains. The TRU market has undergone sustained evolution in response to the ever-changing demands of contemporary commerce, progressing from basic ice-cooled compartments to advanced and energy-efficient refrigeration systems.
TRU enables the transportation of seasonal produce from regions of surplus to areas where demand is high, ensuring a consistent supply of fresh goods year-round. According to the Australian Bureau of Statistics data, in the 2020–21 fiscal year, foods and non-alcoholic beverages weighing 14.7 million tonnes were sold through specialty food stores, grocery stores, supermarkets, and fresh food markets. In comparison to the preceding 12-month period (2019–20), this was up 1.4% (204,100 tonnes) and up 4.9% (686,000 tonnes) from 2018–19. Therefore, the rising food & beverage and chemical sectors in Asia Pacific will increase demand for TRU in the coming years.
Free Valuable Insights: The Global Truck Refrigeration Unit Market is Predict to reach $ 19.8 Billion by 2030, at a CAGR of 6.1%
Based on Type, the market is segmented into Split, and Roof Mount. Based on Trailer size, the market is segmented into Below 20ft, 20-40ft, and Above 40ft. Based on End-user, the market is segmented into Food, Pharmaceutical, Chemical Industry, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type
By Trailer size
By End User
By Country
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