The global cold chain logistics industry has been showing growth over the past few years. This advancement can be directly linked to rising trade of perishable products and swelling government support towards the development of progressive cold chain infrastructure. All such factors have successfully supported the deployment of truck refrigeration unit, and its impact over the cold chain logistics sector is impressive. In order to study the overall advancement across the global truck refrigeration market, Fact.MR has published a new study titled “Truck Refrigeration Unit Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029”. This assessment serves as a wonderful data source comprising of crucial indicators that diligently highlight the expanse of the truck refrigeration market. According to research findings, in 2018, 97,969 truck refrigeration units were sold; it is estimated that sales are likely to enforce extension at 1.5X rate during 2019 to 2029.
Truck Refrigeration Unit Market
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Truck Refrigeration Unit market during the historical period of 2014 – 2018. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2029.
The truck refrigeration units market is envisaged to register a volume CAGR of ~4.5% through 2029. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Truck Refrigeration Unit market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Truck Refrigeration Unit market.
After reading the Truck Refrigeration Unit market report, readers get insight into:
According to a recent Fact.MR study, ~97,969 truck refrigeration units were sold in the 2018, and sales are highly likely to expand 1.5X during 2019 to 2029. The use of truck refrigeration units for the transportation of fruits and vegetables is envisaged to account for a substantial market share in 2019, and will be accountable for ~40% of the overall sales through 2029.
Chillers Remains the Key Asset for Stakeholders
The Fact.MR study opines that the demand for highly perishable foods has been expanding at an unprecedented pace, which in turn continues to hard press the food and beverage companies to strengthen their product cold supply logistics/chain. This has led to an increased demand for proper transportation refrigeration infrastructure, while creating a window of opportunities for the market players.
Preview Analysis of Global Truck Refrigeration Unit Market research report Segmented By Product Type (Chiller, Freezer), By Vehicle Type (Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks), By End-Use (Dairy, Fruits and Vegetables, Meat and Sea Food, Others)- https://www.factmr.com/report/3245/truck-refrigeration-unit-market