The North America Truck Refrigeration Unit Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030).
The US market dominated the North America Truck Refrigeration Unit Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,180.7 Million by 2030. The Canada market is experiencing a CAGR of 7.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).
Refrigeration units designed for these industries carefully regulate humidity levels, ensuring the longevity of the transported goods. In addition, the retail sector, including supermarket chains and grocery stores, heavily depends on the TRU market to facilitate the smooth and uninterrupted flow of perishable goods from distribution centers to retail outlets. The efficiency of refrigeration units directly influences the freshness of products on display, impacting consumer preferences and brand reputation.
The efficiency of refrigeration units directly influences the freshness and overall quality of products displayed in retail outlets. Consumers associate the visual appeal and freshness of perishable goods with the reputation of the retailer and the brand. Well-maintained refrigeration units preserve color, texture, and flavor, enhancing the consumer experience and fostering trust in the retailer's commitment to delivering high-quality products.
With an uptick in demand for chemical products, there will likely be a corresponding increase in the transportation of these goods across Mexico. As per the Government of Mexico, in 2022, the trade exchange (including international purchases and sales) of Chemical Products was US$61.9B. In 2022, the states with the most international sales in Chemical Products were Ciudad de México (US$3.06B), Estado de México (US$2.68B), Nuevo León (US$1.98B), Guanajuato (US$1.13B), and Baja California (US$1.07B). Thus, North America's rising food & beverage and chemical sectors will boost the demand for TRU in the region.
Free Valuable Insights: The Truck Refrigeration Unit Market is Predict to reach USD 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 U.S., Mexico, Canada, and Rest of North America.
By Type
By Trailer size
By End User
By Country
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