Refrigerated Truck Body Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 12.3 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The refrigerated truck body market was valued at approximately USD 8.5 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. This growth is driven by increasing demand for temperature-sensitive goods across various sectors including pharmaceuticals, food and beverages, and chemicals. The market's expansion is particularly influenced by the rise in global trade, the need for efficient cold chain logistics, and the growing trend of e-commerce, which has amplified the need for reliable refrigerated transport solutions.
Emerging markets in the Asia-Pacific region, including countries like India and China, present significant opportunities for market growth due to rapid industrialization and increasing consumer spending on perishable goods. Additionally, advancements in refrigeration technology and the implementation of stringent regulations regarding food safety are creating further opportunities. The integration of smart technologies and enhanced insulation materials are expected to drive innovation and enhance operational efficiency, contributing to the market's robust expansion in the coming years.
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Ulitity Trailer Manufacturing Co.
Kidron
KITAMURA MANUFACTURING CO.
LTD.
Mickey Truck Bodies
Delivery Concept
TOPOLO
MORGAN
Hercules Manufacturing Company
Schmitz Cargobull
Johnson Refrigerated Truck Bodies
Truck and Transportation Equipment Company
Carlsen Baltic
EBO van Weel
Transforcool
Emerald Transportation Solutions
Cold Car USA
Wabash National
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Refrigerated Truck Body Market
Food Industry
Express Industry
Medical Industry
Based on Types the Market is categorized into Below types that held the largest Refrigerated Truck Body market share In 2023.
Closed
Box
Semi-mounted
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Refrigerated Truck Body Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Refrigerated Truck Body Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Refrigerated Truck Body Market, By Type
6. Global Refrigerated Truck Body Market, By Application
7. Global Refrigerated Truck Body Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Refrigerated Truck Body Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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