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

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.