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India Refrigerated Trucks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India refrigerated trucks market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 19% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A refrigerated truck refers to a vehicle type that is particularly designed for carrying perishable goods at lower temperatures to avoid spoilage or contamination. These trucks are primarily 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 are widely adopted to transport numerous temperature-sensitive items, such as meat and fish, dairy products, fruits & vegetables, confectioneries, pharmaceuticals, etc.

India Refrigerated Trucks Market Trends:

In India, the expanding cold chain logistics sector coupled with the growing number of food retail services is primarily driving the demand for refrigerated trucks. In line with this, the rising consumer inclination towards frozen, chilled, and processed food items due to hectic work schedules and sedentary lifestyles is also propelling the market growth. Additionally, the wide availability of frozen meat, ready-to-cook snacks, seasonal fruits and vegetables, etc., across diverse brick-and-mortar and online distribution channels is further augmenting the deployment of refrigerated trucks for supply-based applications. Several food retailers are focusing on the adoption of advanced-cold chain transportation facilities for efficient management of their supply chains. Apart from this, a significant growth in the healthcare sector along with the rising demand for safe transportation of temperature-sensitive products, such as vaccines, biopharmaceuticals, clinical trial materials, etc., is also catalyzing the market. Moreover, the increasing investments in the development of advanced medical facilities and research laboratories are further bolstering the need for refrigerated trucks to preserve heat-liable biological materials during transportation activities. Due to the outbreak of the COVID-19 pandemic, the Indian government is focusing on the procurement of coronavirus vaccines to combat the disease spread in the country. This, in turn, is augmenting the demand for refrigerated trucks to maintain adequate temperature during the transportation of vaccines across the nation. In the coming years, the emergence of hybrid refrigerated trucks with phase change material (PCM) technology offering improved energy efficiency and enhanced operational features will continue to drive the market growth in India.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India refrigerated trucks market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on vehicle capacity GVM, sector, body type and application.

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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and TransACNR.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Vehicle Capacity GVW, Sector, Body Type, Application, Region
Region Covered  North India, West and Central India, South India, East India
Companies Covered 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 and TransACNR
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 2999
Corporate License: US$ 3499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the India refrigerated trucks market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India refrigerated trucks market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle capacity GVW?
  • What is the breakup of the market based on the sector?
  • What is the breakup of the market based on the body type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India refrigerated trucks market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Refrigerated Trucks Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Capacity GVW
    6.1    02-4.5 Tons
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    7-7.5 Tons
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    11-12 Tons
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    18.5 Tons
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    28.5 Tons
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    35 Tons
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Sector
    7.1    Organized Sector
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Unorganized Sector
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Body Type
    8.1    Fully Built
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Customizable
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Meat and Fish
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Dairy Products
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Fruits & Vegetables
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Confectionaries
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Pharmaceutical
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North India
        10.1.1 Market Trends
        10.1.2 Market Breakup by State
        10.1.3 Market Forecast
    10.2    West and Central India
        10.2.1 Market Trends
        10.2.2 Market Breakup by State
        10.2.3 Market Forecast
    10.3    South India
        10.3.1 Market Trends
        10.3.2 Market Breakup by State
        10.3.3 Market Forecast
    10.4    East India 
        10.4.1 Market Trends
        10.4.2 Market Breakup by State
        10.4.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
    12.1    Overview
    12.2    Inbound Logistics
    12.3    Operations
    12.4    Outbound Logistics
    12.5    Marketing and Sales
    12.6    Service
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
    14.1    Key Price Indicators
    14.2    Price Structure
    14.3    Price Trends
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Carrier Airconditioning & Refrigeration Limited (Carrier Global Corporation)
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 Financials
        16.3.2    Ice Make Refrigeration Limited
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
        16.3.3    JCBL Limited
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
        16.3.4    KOLD SEAL
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
        16.3.5    Motherson Sumi System Limited
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
           16.3.5.3 Financials
        16.3.6    Subros Limited
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
        16.3.7    Surin International Private Limited
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
        16.3.8    Tata Motors Limited
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Trane Technologies India Pvt Ltd
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
           16.3.9.3 Financials
        16.3.10    TransACNR
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio

List of Figures

Figure 1: India: Refrigerated Trucks Market: Major Drivers and Challenges
Figure 2: India: Refrigerated Trucks Market: Sales Value (in Million US$), 2015-2020
Figure 3: India: Refrigerated Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: India: Refrigerated Trucks Market: Breakup by Vehicle Capacity GVW (in %), 2020
Figure 5: India: Refrigerated Trucks Market: Breakup by Sector (in %), 2020
Figure 6: India: Refrigerated Trucks Market: Breakup by Body Type (in %), 2020
Figure 7: India: Refrigerated Trucks Market: Breakup by Application (in %), 2020
Figure 8: India: Refrigerated Trucks Market: Breakup by Region (in %), 2020
Figure 9: India: Refrigerated Trucks (02-4.5 Tons) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: India: Refrigerated Trucks (02-4.5 Tons) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: India: Refrigerated Trucks (7-7.5  Tons) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: India: Refrigerated Trucks (7-7.5  Tons) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: India: Refrigerated Trucks (11-12 Tons) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: India: Refrigerated Trucks (11-12 Tons) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: India: Refrigerated Trucks (18.5 Tons) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: India: Refrigerated Trucks (18.5 Tons) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: India: Refrigerated Trucks (28.5 Tons) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: India: Refrigerated Trucks (28.5 Tons) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: India: Refrigerated Trucks (35 Tons) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: India: Refrigerated Trucks (35 Tons) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: India: Refrigerated Trucks (Organized Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: India: Refrigerated Trucks (Organized Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: India: Refrigerated Trucks (Unorganized Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: India: Refrigerated Trucks (Unorganized Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: India: Refrigerated Trucks (Fully Built) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: India: Refrigerated Trucks (Fully Built) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: India: Refrigerated Trucks (Customizable) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: India: Refrigerated Trucks (Customizable) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: India: Refrigerated Trucks (Meat and Fish) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: India: Refrigerated Trucks (Meat and Fish) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: India: Refrigerated Trucks (Dairy Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: India: Refrigerated Trucks (Dairy Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: India: Refrigerated Trucks (Fruits & Vegetables) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: India: Refrigerated Trucks (Fruits & Vegetables) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: India: Refrigerated Trucks (Confectionaries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: India: Refrigerated Trucks (Confectionaries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: India: Refrigerated Trucks (Pharmaceutical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: India: Refrigerated Trucks (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Refrigerated Trucks (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Refrigerated Trucks (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: North India: Refrigerated Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: North India: Refrigerated Trucks Market: Breakup by State (in %), 2020
Figure 43: North India: Refrigerated Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: West and Central India: Refrigerated Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: West and Central India: Refrigerated Trucks Market: Breakup by State (in %), 2020
Figure 46: West and Central India: Refrigerated Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South India: Refrigerated Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South India: Refrigerated Trucks Market: Breakup by State (in %), 2020
Figure 49: South India: Refrigerated Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: East India: Refrigerated Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: East India: Refrigerated Trucks Market: Breakup by State (in %), 2020
Figure 52: East India: Refrigerated Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: India: Refrigerated Trucks Industry: SWOT Analysis
Figure 54: India: Refrigerated Trucks Industry: Value Chain Analysis
Figure 55: India: Refrigerated Trucks Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Refrigerated Trucks Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Refrigerated Trucks Market Forecast: Breakup by Vehicle Capacity GVW (in Million US$), 2021-2026
Table 3: India: Refrigerated Trucks Market Forecast: Breakup by Sector (in Million US$), 2021-2026
Table 4: India: Refrigerated Trucks Market Forecast: Breakup by Body Type (in Million US$), 2021-2026
Table 5: India: Refrigerated Trucks Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: India: Refrigerated Trucks Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: India: Refrigerated Trucks Market: Competitive Structure
Table 8: India: Refrigerated Trucks Market: Key Players

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