Truck Refrigeration Unit Market to Surge from $11.4 Bn in 2023 to $19.8 Bn by 2032 at 6.4% CAGR

BROOKFIELD, Conn. - Oct. 9, 2025 - PRLog -- Acumen Research And Consulting has unveiled its latest report on the global Truck Refrigeration Unit Market, delivering in-depth insights into market size, share, growth, analysis, and emerging trends. As demand for temperature-controlled transportation rises across perishable goods, pharmaceuticals, and food items, the market is set for strong expansion over the next decade.

Key Statistics from the Truck Refrigeration Unit Market

• Market Size (2023): USD 11.4 billion
• Forecasted Market Size (2032): USD 19.8 billion
• CAGR (2024–2032): 6.4%
• Leading Region (2023): North America — USD 3.9 billion
• Fastest-Growing Region: Europe, with an expected CAGR of ~7%
• Dominant Vehicle Segment: Medium Commercial Vehicles, accounting for ~44% market share in 2023

Truck Refrigeration Unit Market Overview

The Truck Refrigeration Unit Market refers to refrigeration systems fitted to trucks to maintain specific temperature ranges during transport. These units are indispensable for the cold chain logistics required in transporting frozen, chilled, or temperature-sensitive goods. Their importance spans sectors including food retail, pharmaceuticals, chemical industries, and more.

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Truck Refrigeration Unit Market Trends & Growth Drivers

Key Truck Refrigeration Unit Market Trends fuelling growth include:

• Rising consumer preference for fresh, perishable, and temperature-sensitive products, pushing demand for cold chain logistics.
• Growth of online grocery, cold food delivery, and pharmaceutical shipping requiring reliable temperature-controlled transport.
• Technological innovation in electric and hybrid refrigeration units, which help reduce emissions and improve energy efficiency.

Drivers of Truck Refrigeration Unit Market Growth:

• Expansion in cold chain infrastructure globally, particularly in regions with growing trade in perishable goods.
• Regulatory pressures around food safety, product quality, preservation standards, and emissions control.
• Increased fleet modernization, where trucking companies upgrade units to ensure better performance, lower operating cost, and compliance.

Challenges noted in Market Analysis include:

• High initial capital investment for advanced refrigeration units, especially electric/hybrid models.
• Maintenance costs and complexity, especially for units in long-haul operations.
• Infrastructure limitations in some regions, such as insufficient charging or power resources for electric units.

Regional Insights

North America currently leads the Truck Refrigeration Unit Market Share, driven by its advanced logistics networks, strong regulatory environment, and high demand for refrigerated transport.

Europe is expected to register the highest growth rate through the forecast period, supported by increasing regulations, sustainable transportation trends, and growing demand for fresh-food distribution.

Competitive Landscape

Key players:

• Carrier
• Thermo King
• Webasto Group
• Mitsubishi Heavy Industries
• Daikin
• Subros Ltd
• Utility Trailer Manufacturing Company
• Klinge Corporation
• Denso
• Advanced Temperature Control

Read More: https://www.acumenresearchandconsulting.com/truck-refrigeration-unit-market