India Refrigerated Truck Market Size, Share, Trends & Forecast 2027

Summary

Report Description

India refrigerated truck market stood at 9 million USD in FY2021 and is expected to grow at a significant rate and boosting to 15 million USD till FY2027. Initially, refrigerated truck market was majorly used for milk and dairy product. Now, with increasing demand for fresh and frozen food products such as fruits & vegetables, pharmaceuticals are creating opportunities for the refrigerated truck market growth. Covid vaccines require special conditions for transportation thereby propelling the growth of India refrigerated truck market. Higher penetration of internet and surge in demand for internet of things technology is aiding in enhancing connectivity for prompt service and ensuring reliability and security for refrigerated trucks. Innovations and technological advancements are aiding refrigerated trucks to improve efficiency, gain in performance and lower operating costs.

Highly disposable income in addition to raised living standards and surge in demand for the better-quality products are other factors boosting the refrigerated truck market growth.

India refrigerated market can be segregated based on truck type, temperature compartment, application, and region. By truck type, market can be further divided into light, medium and heavy weight truck type. Based on market analysis heavy weight truck type is dominating the refrigerated truck market followed closely by light and medium weight truck type. Light weight truck type is used mainly to transport perishable goods within the city and is expected to witness fastest growth during the forecast period. Heavy weight truck type is used to supply perishable goods over long distances. Heavy weight has higher capacity and contain multi-temperature refrigerated system as a result can transport multiple products at the same time.

The major player operating in India refrigerated truck market are Tata Motors Limited, Mahindra and Mahindra Limited, JCBL Limited, SML Isuzu Limited, MAN Truck & Bus India Pvt. Ltd., Ashok Leyland Ltd., Daimler India Commercial Vehicles Private Limited, Volvo Eicher Commercial Vehicles Ltd., Omega Seiki Mobility, Motherson Sumi Systems Limited and others.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023–FY2027

Objective of the Study:

To analyse and forecast the market size of refrigerated truck, in terms of value and volume.
To classify and forecast India refrigerated truck based on truck type and regional distribution.
To identify drivers and challenges for India refrigerated truck.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India refrigerated truck.
To conduct the pricing analysis for refrigerated truck.
To identify and analyse the profile of leading players involved in the manufacturing of India refrigerated truck.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across India.

TechSci Research calculated the market size of India refrigerated truck market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

India Refrigerated Truck Manufacturers
Automotive Powertrain Manufacturers
Automotive OEM’s
Automotive Safety and Comfort System Manufacturers
Raw material suppliers
Dealers
Research organizations and consulting companies.
Research Institutes
Industry associations
Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India Refrigerated Truck market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Refrigerated Truck Market, By Truck Type:

Light Weight Truck Market
Medium Weight Truck Market
Heavy Weight Truck Market

India Refrigerated Truck Market, By Temperature Compartment:

Single
Multiple

India Refrigerated Truck Market, By Application:

Food and Beverage
Pharmaceutical
Chemical
Others

India Refrigerated Truck Market, By Region:

North
South
East
West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in refrigerated truck market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on India Refrigerated Truck Market

4. Executive Summary

5. Voice of Customer

6. India Refrigerated Truck Outlook, FYFY2017-FYFY2027F

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Truck Type (Light, Medium, Heavy)

6.2.2. By Temperature Compartment (Single, Multiple)

6.2.3. By Application (Food and Beverage, Pharmaceutical, Chemical, Others)

6.2.4. By Company (FYFY2021)

6.2.5. By Region (North, East, West, South)

6.3. Product Market Map

7. India Light Weight Refrigerated Truck Market Outlook, FYFY2017-FYFY2027F

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Temperature Compartment

7.2.2. By Application

8. India Medium Weight Refrigerated Truck Market Outlook, FYFY2017-FYFY2027F

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Temperature Compartment

8.2.2. By Application

9. India Heavy Weight Refrigerated Truck Market Outlook, FYFY2017-FYFY2027F

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Temperature Compartment

9.2.2. By Application

10. Market Dynamics

10.1. Drivers/Opportunities

10.2. Challenges/Restraints

11. Market Trends & Developments

12. Import Export Analysis

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles (Leading Companies)

15.2.1. Tata Motors Limited

15.2.1.1. Company Details

15.2.1.2. Services & End Users

15.2.1.3. Financials (As Reported)

15.2.1.4. Current & Future Strategy

15.2.1.5. Key Management Personnel

15.2.1.6. Contact Details

15.2.2. Mahindra and Mahindra Limited

15.2.3. JCBL Limited

15.2.4. SML Isuzu Limited

15.2.5. MAN Truck & Bus India Pvt. Ltd.

15.2.6. Ashok Leyland Ltd.

15.2.7. Daimler India Commercial Vehicles Private Limited

15.2.8. Volvo Eicher Commercial Vehicles Ltd.

15.2.9. Omega Seiki Mobility

15.2.10. Motherson Sumi Systems Limited

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Srishti Verma

Business Consultant

Talk To Analyst

Press Release

India Refrigerated Truck Market to grow at a significant rate during the Forecast Period

Dec, 2021

High accessibility of internet and government initiatives to attract investment in refrigeration trucks is expected to drive the India refrigerated truck market through FY2027

India Refrigerated Truck Market By Truck Type (Light, Medium, Heavy), By Temperature Compartment (Single, Multiple), By Application (Food and Beverage, Pharmaceutical, Chemical. Others), By Company and By Geography, Forecast & Opportunities, FY2027

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