India Truck Refrigeration Unit Market to 2032
Overview
The India Truck Refrigeration Unit Market is expected to reach a 1,463.33 USD Million by 2032 and is projected to grow at a CAGR of 11.40% from 2025 to 2032.
Revenue, 2024 (USD Million)
781.26
Forecast, 2032 (USD Million)
1,463.33
CAGR, 2024 - 2032
11.40%
Report Coverage
India
India Truck Refrigeration Unit Market 2018-2032 USD Million
India Truck Refrigeration Unit Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 781.26 USD Million
- Projected Market Size (2032): 1,463.33 USD Million
- CAGR (2025-2032): 11.40%
Key Findings of India Truck Refrigeration Unit Market
- The India Truck Refrigeration Unit Market was valued at 781.26 USD Million in 2024.
- The India Truck Refrigeration Unit Market is likely to grow at a CAGR of 11.40% 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 781.26 USD Million
- The fastest growing segment Roof Mount System in Type Segment grew Fastest with a CAGR of 12.83% during the forecast period from 2024 to 2032.
India Truck Refrigeration Unit Market Scope
India Truck Refrigeration Unit Market Segmentation & Scope
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
Length
- >12-Meter
- 8-12-Meter
- < 8-Meter
Type
- Roof Mount System
- Split System
India Truck Refrigeration Unit Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 781.26 USD Million |
| Market Value in 2032 | 1,463.33 USD Million |
| CAGR (2025-2032) | 11.40% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Power Capacity,Power Source,Application,Length,Type |
Regional Insights:
-
Leading Market (2024-2032): India, leading in terms of revenue 781.26 USD Million in 2024
- Key Country: India, leading in terms of revenue with value of 781.26 USD Million in 2024.
Segments and Scope
-
India Truck Refrigeration Unit Market to 2032, By Vehicle Type
- Bus is the largest segment in India Truck Refrigeration Unit Market to 2032 with a revenue of 781.26 USD Million in the year 2024.
- Bus is the Fastest growing segment in India Truck Refrigeration Unit Market to 2032 with a Growth rate of 11.40 % in forecast period 2025-2032.
-
India Truck Refrigeration Unit Market to 2032, By Power Capacity
- Below 5 kW is the largest segment in India Truck Refrigeration Unit Market to 2032 with a revenue of 364.21 USD Million in the year 2024.
- Below 5 kW is the Fastest growing segment in India Truck Refrigeration Unit Market to 2032 with a Growth rate of 12.60 % in forecast period 2025-2032.
-
India Truck Refrigeration Unit Market to 2032, By Power Source
- Engine Powered is the largest segment in India Truck Refrigeration Unit Market to 2032 with a revenue of 541.06 USD Million in the year 2024.
- Independent is the Fastest growing segment in India Truck Refrigeration Unit Market to 2032 with a Growth rate of 11.04 % in forecast period 2025-2032.
-
India Truck Refrigeration Unit Market to 2032, By Application
- Chilled is the largest segment in India Truck Refrigeration Unit Market to 2032 with a revenue of 474.74 USD Million in the year 2024.
- Chilled is the Fastest growing segment in India Truck Refrigeration Unit Market to 2032 with a Growth rate of 12.11 % in forecast period 2025-2032.
-
India Truck Refrigeration Unit Market to 2032, By Length
- < 8-Meter is the largest segment in India Truck Refrigeration Unit Market to 2032 with a revenue of 413.48 USD Million in the year 2024.
- < 8-Meter is the Fastest growing segment in India Truck Refrigeration Unit Market to 2032 with a Growth rate of 12.45 % in forecast period 2025-2032.
-
India Truck Refrigeration Unit Market to 2032, By Type
- Split System is the largest segment in India Truck Refrigeration Unit Market to 2032 with a revenue of 458.89 USD Million in the year 2024.
- Roof Mount System is the Fastest growing segment in India Truck Refrigeration Unit Market to 2032 with a Growth rate of 10.37 % in forecast period 2025-2032.
India Truck Refrigeration Unit Market Company Share Analysis
| Company Name |
|
||
| MITSUBISHI HEAVY INDUSTRIES, LTD. | |||
| Carrier | |||
| DENSO CORPORATION | |||
| DAIKIN INDUSTRIES, Ltd. | |||
| Schmitz Cargobull. | |||
India Truck Refrigeration Unit Market Geographical Sales Distribution, 2018-2032 USD Million
India Truck Refrigeration Unit Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The India Truck Refrigeration Unit Market is segmented based on Segmentation Vehicle Type,Power Capacity,Power Source,Application,Length,Type.
India Truck Refrigeration Unit Market was valued at USD 781.26(Revenue in USD Million) in 2021.
India Truck Refrigeration Unit Market is projected to grow at a CAGR of 11.40% during the forecast period of 2024 to 2032.
The Bus segment is expected to dominate the India Truck Refrigeration Unit Market, holding a largest market share of 781.26 USD Million in 2024
India Truck Refrigeration Unit Market Scope
India Truck Refrigeration Unit Market Segmentation & Scope
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
Length
- >12-Meter
- 8-12-Meter
- < 8-Meter
Type
- Roof Mount System
- Split System
Frequently Asked Questions
The India Truck Refrigeration Unit Market is segmented based on Segmentation Vehicle Type,Power Capacity,Power Source,Application,Length,Type.
India Truck Refrigeration Unit Market was valued at USD 781.26(Revenue in USD Million) in 2021.
India Truck Refrigeration Unit Market is projected to grow at a CAGR of 11.40% during the forecast period of 2024 to 2032.
The estimated market value of the India Truck Refrigeration Unit Market for final year is USD 1,463.33 (USD Million).
India Truck Refrigeration Unit Market Company Profiling
Frequently Asked Questions
The India Truck Refrigeration Unit Market is segmented based on Segmentation Vehicle Type,Power Capacity,Power Source,Application,Length,Type.
India Truck Refrigeration Unit Market was valued at USD 781.26(Revenue in USD Million) in 2021.
India Truck Refrigeration Unit Market is projected to grow at a CAGR of 11.40% during the forecast period of 2024 to 2032.
The estimated market value of the India Truck Refrigeration Unit Market for final year is USD 1,463.33 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.