Asia-Pacific Truck Refrigeration Unit Market to 2032
Overview
The Asia-Pacific Truck Refrigeration Unit Market is expected to reach a 9.40 USD Billion by 2032 and is projected to grow at a CAGR of 9.06% from 2025 to 2032.
Revenue, 2024 (USD Billion)
5.65
Forecast, 2032 (USD Billion)
9.40
CAGR, 2024 - 2032
9.06%
Report Coverage
Asia-Pacific
Asia-Pacific Truck Refrigeration Unit Market 2018-2032 USD Billion
Asia-Pacific Truck Refrigeration Unit Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 5.65 USD Billion
- Projected Market Size (2032): 9.40 USD Billion
- CAGR (2025-2032): 9.06%
Key Findings of Asia-Pacific Truck Refrigeration Unit Market
- The Asia-Pacific Truck Refrigeration Unit Market was valued at 5.65 USD Billion in 2024.
- The Asia-Pacific Truck Refrigeration Unit Market is likely to grow at a CAGR of 9.06% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Bus in Vehicle Type Segment accounted for the largest share of the market with a revenue of 5.65 USD Billion
- The fastest growing segment Roof Mount System in Type Segment grew Fastest with a CAGR of 10.49% during the forecast period from 2024 to 2032.
Asia-Pacific Truck Refrigeration Unit Market Scope
Asia-Pacific Truck Refrigeration Unit Market Segmentation & Scope
Type
- Roof Mount System
- Split System
Length
- >12-Meter
- 8-12-Meter
- < 8-Meter
Vehicle Type
- Others
- Bus
- Trailer (Container)
- Medium & Heavy Commercial Vehicles
- Light Commercial Vehicles (LCV)
Power Capacity
- Above 19 kW
- 5 kW - 19 kW
- Below 5 kW
Power Source
- Independent
- Engine Powered
Application
- Frozen
- Chilled
Asia-Pacific Truck Refrigeration Unit Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 5.65 USD Billion |
| Market Value in 2032 | 9.40 USD Billion |
| CAGR (2025-2032) | 9.06% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Length,Vehicle Type,Power Capacity,Power Source,Application |
Regional Insights:
-
Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 5.65 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 1,462.66 USD Million in 2024.
Segments and Scope
-
Asia-Pacific Truck Refrigeration Unit Market to 2032, By Type
- Split System is the largest segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a revenue of 3.34 USD Billion in the year 2024.
- Roof Mount System is the Fastest growing segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a Growth rate of 8.04 % in forecast period 2025-2032.
-
Asia-Pacific Truck Refrigeration Unit Market to 2032, By Length
- < 8-Meter is the largest segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a revenue of 3.04 USD Billion in the year 2024.
- < 8-Meter is the Fastest growing segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a Growth rate of 10.00 % in forecast period 2025-2032.
-
Asia-Pacific Truck Refrigeration Unit Market to 2032, By Vehicle Type
- Bus is the largest segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a revenue of 5.65 USD Billion in the year 2024.
- Bus is the Fastest growing segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a Growth rate of 9.06 % in forecast period 2025-2032.
-
Asia-Pacific Truck Refrigeration Unit Market to 2032, By Power Capacity
- Below 5 kW is the largest segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a revenue of 2.68 USD Billion in the year 2024.
- Below 5 kW is the Fastest growing segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a Growth rate of 10.14 % in forecast period 2025-2032.
-
Asia-Pacific Truck Refrigeration Unit Market to 2032, By Power Source
- Engine Powered is the largest segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a revenue of 3.94 USD Billion in the year 2024.
- Independent is the Fastest growing segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a Growth rate of 8.69 % in forecast period 2025-2032.
-
Asia-Pacific Truck Refrigeration Unit Market to 2032, By Application
- Chilled is the largest segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a revenue of 3.46 USD Billion in the year 2024.
- Chilled is the Fastest growing segment in Asia-Pacific Truck Refrigeration Unit Market to 2032 with a Growth rate of 9.71 % in forecast period 2025-2032.
Asia-Pacific Truck Refrigeration Unit Market Company Share Analysis
| Company Name |
|
||
| MITSUBISHI HEAVY INDUSTRIES, LTD. | |||
| Carrier | |||
| DENSO CORPORATION | |||
| DAIKIN INDUSTRIES, Ltd. | |||
| Schmitz Cargobull. | |||
Asia-Pacific Truck Refrigeration Unit Market Geographical Sales Distribution, 2018-2032 USD Billion
Asia-Pacific Truck Refrigeration Unit Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Asia-Pacific Truck Refrigeration Unit Market is segmented based on Segmentation Type,Length,Vehicle Type,Power Capacity,Power Source,Application.
Asia-Pacific Truck Refrigeration Unit Market was valued at USD 5.65(Revenue in USD Billion) in 2021.
Asia-Pacific Truck Refrigeration Unit Market is projected to grow at a CAGR of 9.06% during the forecast period of 2024 to 2032.
The Bus segment is expected to dominate the Asia-Pacific Truck Refrigeration Unit Market, holding a largest market share of 5.65 USD Billion in 2024
Asia-Pacific Truck Refrigeration Unit Market Scope
Asia-Pacific Truck Refrigeration Unit Market Segmentation & Scope
Type
- Roof Mount System
- Split System
Length
- >12-Meter
- 8-12-Meter
- < 8-Meter
Vehicle Type
- Others
- Bus
- Trailer (Container)
- Medium & Heavy Commercial Vehicles
- Light Commercial Vehicles (LCV)
Power Capacity
- Above 19 kW
- 5 kW - 19 kW
- Below 5 kW
Power Source
- Independent
- Engine Powered
Application
- Frozen
- Chilled
Frequently Asked Questions
The Asia-Pacific Truck Refrigeration Unit Market is segmented based on Segmentation Type,Length,Vehicle Type,Power Capacity,Power Source,Application.
Asia-Pacific Truck Refrigeration Unit Market was valued at USD 5.65(Revenue in USD Billion) in 2021.
Asia-Pacific Truck Refrigeration Unit Market is projected to grow at a CAGR of 9.06% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Truck Refrigeration Unit Market for final year is USD 9.40 (USD Billion).
Asia-Pacific Truck Refrigeration Unit Market Company Profiling
Frequently Asked Questions
The Asia-Pacific Truck Refrigeration Unit Market is segmented based on Segmentation Type,Length,Vehicle Type,Power Capacity,Power Source,Application.
Asia-Pacific Truck Refrigeration Unit Market was valued at USD 5.65(Revenue in USD Billion) in 2021.
Asia-Pacific Truck Refrigeration Unit Market is projected to grow at a CAGR of 9.06% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Truck Refrigeration Unit Market for final year is USD 9.40 (USD Billion).
CHOOSE LICENCE TYPE
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