IMARC Group, a leading market research company, has recently releases report titled “India Refrigerated Trucks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the India refrigerated trucks market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the India refrigerated trucks market?
| Report Attributes | Details |
| Market Size in 2022 | INR 5.4 Billion |
| Market Forecast in 2028 | INR 14.7 Billion |
| Growth rate (2023 to 2028) | CAGR of 18.1% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is refrigerated trucks?
Refrigerated trucks in India represent vehicles that are specifically designed for carrying perishable goods at lower temperatures to avoid spoilage or contamination. They are generally equipped with a mechanical refrigeration system that contains carbon dioxide (dry ice) as a cooling agent to maintain the temperature below the freezing point. Refrigerated trucks comprise direct drive systems that minimize the added costs of secondary diesel engines. They are widely used to transport numerous temperature-sensitive items, including meat and fish, dairy products, fruits and vegetables, confectioneries, pharmaceuticals, etc.
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What are the growth prospects and trends in the India refrigerated trucks industry?
The expanding cold chain logistics sector and the rising number of retail food services are primarily driving the India refrigerated trucks market. Furthermore, the escalating demand for frozen, chilled, and processed food items, owing to the hectic work schedules and sedentary lifestyles of individuals, is stimulating the market growth across the country. Apart from this, the increasing availability of ready-to-cook snacks and seasonal fruits and vegetables via several brick-and-mortar and online distribution channels is also propelling the deployment of refrigerated trucks for supply-based applications, which is acting as another significant growth-inducing factor. Moreover, various food retailers are focusing on adopting advanced-cold chain transportation facilities for efficient management of their supply chains. Besides this, the inflating need for safe transportation of temperature-sensitive products, such as vaccines, biopharmaceuticals, clinical trial materials, etc., is further catalyzing the market growth. Additionally, the introduction of hybrid product variants with phase change material (PCM) technology that offers improved energy efficiency and enhanced operational features is expected to fuel the India refrigerated trucks market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Vehicle Capacity GVW:
- 02 – 4.5 Tons
- 7 – 7.5 Tons
- 11-12 Tons
- 18.5 Tons
- 28.5 Tons
- 35 Tons
Breakup by Sector:
- Organized Sector
- Unorganized Sector
Breakup by Body Type:
- Fully Built
- Customizable
Breakup by Application:
- Meat and Fish
- Dairy Products
- Fruits & Vegetables
- Confectionaries
- Pharmaceutical
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Who are the key players operating in the industry?
The report covers the major market players including:
- Carrier Airconditioning & Refrigeration Limited (Carrier Global Corporation)
- Ice Make Refrigeration Limited
- JCBL Limited
- KOLD SEAL
- Motherson Sumi System Ltd
- Subros Limited
- Surin International Private Limited
- Tata Motors Limited
- Trane Technologies India Pvt Ltd
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