The Asia-Pacific truck refrigeration unit market is projected to register a CAGR of 6.4% in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2022, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentation:
Asia-Pacific Truck Refrigeration Unit Market, By Type (Split System and Roof Mount System), Length (< 8-meter, 8-12-meter, and >12-meter), Application (Chilled and Frozen), Power Source (Engine Powered and Independent), Power Capacity (Below 5 kW, 5 kW - 19 kW, and Above 19 kW), Vehicle Type (Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicles, Trailer (Container), Bus, and Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2030
Some of the major factors contributing to the growth of the market are:
Rising demand for frozen foods by consumers
Increasing growth of supermarkets and restaurants such as KFC and Subway among others
Market Players
Some of the major players operating in the Asia-Pacific truck refrigeration unit market are:
MITSUBISHI HEAVY INDUSTRIES THERMAL SYSTEMS, LTD.,
DAIKIN INDUSTRIES, Ltd.
Carrier
DENSO CORPORATION
Grayson
SANDEN CORPORATION
Mobile Climate Control.
ZHENGZHOU GUCHEN INDUSTRY CO., LTD.
TRANE TECHNOLOGIES PLC
Subros Limited
Klinge Corporation
Webasto SE
KRONE
SONGZ AUTOMOBILE AIR CONDITIONING CO., LTD
Schmitz Cargobull
TABLE OF CONTENTS
1 INTRODUCTION 63
1.1 OBJECTIVES OF THE STUDY 63
1.2 MARKET DEFINITION 63
1.3 OVERVIEW OF THE ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET 63
1.4 CURRENCY AND PRICING 65
1.5 LIMITATIONS 65
1.6 MARKETS COVERED 65
2 MARKET SEGMENTATION 68
2.1 MARKETS COVERED 68
2.2 YEARS CONSIDERED FOR THE STUDY 69
2.3 GEOGRAPHIC SCOPE 70
2.4 DBMR TRIPOD DATA VALIDATION MODEL 71
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 74
2.6 DBMR MARKET POSITION GRID 75
2.7 VENDOR SHARE ANALYSIS 76
2.8 MULTIVARIATE MODELLING 77
2.9 TYPE CURVE 77
2.10 MARKET APPLICATION GRID 78
2.11 THE MARKET CHALLENGE MATRIX BY TYPE 79
2.12 SECONDARY SOURCES 80
2.13 ASSUMPTIONS 80
3 EXECUTIVE SUMMARY 81
4 PREMIUM INSIGHTS 84
4.1 PORTERS FIVE FORCE MODEL 85
4.2 TECHNOLOGICAL TRENDS 86
4.2.1 NATURAL REFRIGERANTS 86
4.2.2 ELECTRIC VEHICLES 86
4.2.3 TRAILER-TOP SOLAR 86
4.2.4 LIQUID NITROGEN 86
4.2.5 SMARTER REEFERS 87
4.2.6 ADVANCED THERMAL MATERIALS 87
4.3 VALUE CHAIN ANALYSIS 88
4.4 NUMBER OF UNITS IN THE MARKET 89
4.5 NUMBER OF UNITS BY TRUCK TYPE 90
4.6 NUMBER OF UNITS BY PLAYERS 91
4.7 NUMBER OF UNITS BY REGION 92
4.8 PRODUCT FLOW FROM UNIT SALE TO USER 93
4.9 BRAND ANALYSIS 94
4.10 ECOSYSTEM MARKET MAP 95
4.11 TOP WINNING STRATEGIES 96
5 MARKET OVERVIEW 97
5.1 DRIVERS 99
5.1.1 INCREASING TRANSPORTATION OF PERISHABLE GOODS SUCH AS FOOD ITEMS, PHARMACEUTICALS 99
5.1.2 RISING DEMAND FOR FROZEN FOODS BY CONSUMERS 100
5.1.3 INCREASING GROWTH OF SUPERMARKETS AND RESTAURANTS SUCH AS KFC, SUBWAY 100
5.2 RESTRAINTS 101
5.2.1 HIGH COST ASSOCIATED WITH ENERGY-EFFICIENT AC SYSTEM 101
5.2.2 GROWTH IN HEALTH CONCERNS ABOUT THE CONSUMPTION OF FROZEN FRUIT AND VEGETABLES 101
5.3 OPPORTUNITIES 102
5.3.1 INCREASING INVESTMENT IN THE FOOD SERVICE SECTORS BY COUNTRIES LIKE INDIA AND CHINA 102
5.3.2 HUGE DEMAND FOR HYGIENIC FOOD PRODUCTS AND FOOD PACKAGING 103
5.4 CHALLENGES 103
5.4.1 LACK OF AWARENESS REGARDING THE HAZARDOUS EFFECTS OF FROZEN FOOD 103
5.4.2 LACK OF INFRASTRUCTURE 104
6 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET, BY TYPE 105
6.1 OVERVIEW 106
6.2 SPLIT SYSTEM 107
6.3 ROOF MOUNT SYSTEM 108
7 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET, BY LENGTH 109
7.1 OVERVIEW 110
7.2 < 8-METER 111
7.3 8-12-METER 112
7.4 >12-METER 113
8 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET, BY APPLICATION 114
8.1 OVERVIEW 115
8.2 CHILLED 116
8.3 FROZEN 117
9 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET, BY POWER SOURCE 118
9.1 OVERVIEW 119
9.2 ENGINE POWERED 120
9.3 INDEPENDENT 121
10 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET, BY POWER CAPACITY 122
10.1 OVERVIEW 123
10.2 BELOW 5 KW 124
10.3 5 KW - 19 KW 125
10.4 ABOVE 19 KW 126
11 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET, BY VEHICLE TYPE 127
11.1 OVERVIEW 128
11.2 LIGHT COMMERCIAL VEHICLES (LCV) 129
11.2.1 BY TYPE 130
11.2.1.1 SPLIT SYSTEM 130
11.2.1.2 ROOF MOUNT SYSTEM 130
11.3 MEDIUM & HEAVY COMMERCIAL VEHICLES 131
11.3.1 BY TYPE 131
11.3.1.1 SPLIT SYSTEM 132
11.3.1.2 ROOF MOUNT SYSTEM 132
11.4 TRAILER (CONTAINER) 132
11.4.1 BY TYPE 133
11.4.1.1 SPLIT SYSTEM 133
11.4.1.2 ROOF MOUNT SYSTEM 133
11.5 BUS 134
11.5.1 BY TYPE 134
11.5.1.1 SPLIT SYSTEM 135
11.5.1.2 ROOF MOUNT SYSTEM 135
11.6 OTHERS 135
11.6.1 BY TYPE 136
11.6.1.1 SPLIT SYSTEM 136
11.6.1.2 ROOF MOUNT SYSTEM 136
12 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET, BY REGION 137
12.1 ASIA-PACIFIC 138
12.1.1 CHINA 148
12.1.2 INDIA 153
12.1.3 JAPAN 158
12.1.4 SOUTH KOREA 163
12.1.5 AUSTRALIA 168
12.1.6 SINGAPORE 173
12.1.7 TAIWAN 178
12.1.8 NEW ZEALAND 183
12.1.9 THAILAND 188
12.1.10 MALAYSIA 193
12.1.11 VIETNAM 198
12.1.12 PHILIPPINES 203
12.1.13 REST OF ASIA-PACIFIC 208
13 ASIA PACIFIC TRUCK REFRIGERATION UNIT MARKET: COMPANY LANDSCAPE 209
13.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 209
14 SWOT ANALYSIS 210
15 COMPANY PROFILE 211
15.1 CARRIER 211
15.1.1 COMPANY SNAPSHOT 211
15.1.2 REVENUE ANALYSIS 211
15.1.3 COMPANY SHARE ANALYSIS 212
15.1.4 PRODUCT PORTFOLIO 212
15.1.5 RECENT DEVELOPMENTS 213
15.2 DENSO CORPORATION 214
15.2.1 COMPANY SNAPSHOT 214
15.2.2 REVENUE ANALYSIS 214
15.2.3 COMPANY SHARE ANALYSIS 215
15.2.4 PRODUCT PORTFOLIO 215
15.2.5 RECENT DEVELOPMENTS 215
15.3 MITSUBISHI HEAVY INDUSTRIES THERMAL SYSTEMS, LTD. 216
15.3.1 COMPANY SNAPSHOT 216
15.3.2 REVENUE ANALYSIS 216
15.3.3 COMPANY SHARE ANALYSIS 217
15.3.4 PRODUCT PORTFOLIO 217
15.3.5 RECENT DEVELOPMENTS 217
15.4 DAIKIN INDUSTRIES, LTD. 218
15.4.1 COMPANY SNAPSHOT 218
15.4.2 REVENUE ANALYSIS 218
15.4.3 COMPANY SHARE ANALYSIS 219
15.4.4 PRODUCT PORTFOLIO 219
15.4.5 RECENT DEVELOPMENTS 220
15.5 SCHMITZ CARGOBULL. 221
15.5.1 COMPANY SNAPSHOT 221
15.5.2 COMPANY SHARE ANALYSIS 221
15.5.3 PRODUCT PORTFOLIO 222
15.5.4 RECENT DEVELOPMENT 222
15.6 ADVANCED TEMPERATURE CONTROL 223
15.6.1 COMPANY SNAPSHOT 223
15.6.2 PRODUCT PORTFOLIO 223
15.6.3 RECENT DEVELOPMENT 223
15.7 KRONE 224
15.7.1 COMPANY SNAPSHOT 224
15.7.2 PRODUCT PORTFOLIO 224
15.7.3 RECENT DEVELOPMENTS 224
15.8 GRAYSON 225
15.8.1 COMPANY SNAPSHOT 225
15.8.2 PRODUCT PORTFOLIO 225
15.8.3 RECENT DEVELOPMENT 225
15.9 KLINGE CORPORATION 226
15.9.1 COMPANY SNAPSHOT 226
15.9.2 PRODUCT PORTFOLIO 226
15.9.3 RECENT DEVELOPMENT 226
15.10 KIDRON 227
15.10.1 COMPANY SNAPSHOT 227
15.10.2 PRODUCT PORTFOLIO 227
15.10.3 RECENT DEVELOPMENT 227
15.11 MOBILE CLIMATE CONTROL 228
15.11.1 COMPANY SNAPSHOT 228
15.11.2 PRODUCT PORTFOLIO 228
15.11.3 RECENT DEVELOPMENTS 229
15.12 SUBROS LIMITED 230
15.12.1 COMPANY SNAPSHOT 230
15.12.2 REVENUE ANALYSIS 230
15.12.3 PRODUCT PORTFOLIO 231
15.12.4 RECENT DEVELOPMENT 231
15.13 TRANE TECHNOLOGIES PLC 232
15.13.1 COMPANY SNAPSHOT 232
15.13.2 REVENUE ANALYSIS 232
15.13.3 PRODUCT PORTFOLIO 233
15.13.4 RECENT DEVELOPMENTS 233
15.14 UTILITY TRAILER MANUFACTURING COMPANY 234
15.14.1 COMPANY SNAPSHOT 234
15.14.2 PRODUCT PORTFOLIO 234
15.14.3 RECENT DEVELOPMENT 234
15.15 SANDEN CORPORATION 235
15.15.1 COMPANY SNAPSHOT 235
15.15.2 REVENUE ANALYSIS 235
15.15.3 PRODUCT PORTFOLIO 236
15.15.4 RECENT DEVELOPMENT 236
15.16 SONGZ AUTOMOBILE AIR CONDITIONING CO., LTD 237
15.16.1 COMPANY SNAPSHOT 237
15.16.2 PRODUCT PORTFOLIO 237
15.16.3 RECENT DEVELOPMENT 238
15.17 WEBASTO SE 239
15.17.1 COMPANY SNAPSHOT 239
15.17.2 PRODUCT PORTFOLIO 239
15.17.3 RECENT DEVELOPMENTS 239
15.18 ZHENGZHOU GUCHEN INDUSTRY CO., LTD., 240
15.18.1 COMPANY SNAPSHOT 240
15.18.2 PRODUCT PORTFOLIO 240
15.18.3 RECENT DEVELOPMENT 241
16 QUESTIONNAIRE 242
17 RELATED REPORTS 245