Market Overview

According to fortune business insights, the global truck refrigeration unit market size was valued at USD 7.24 billion in 2025. The market is projected to grow from USD 7.72 billion in 2026 to USD 12.78 billion by 2034, exhibiting a CAGR of 6.5% during the forecast period. North America dominated the truck refrigeration unit market with a market share of 35.35% in 2025.

The analysis shows that market growth is driven by rising demand for refrigerated transportation for food and pharmaceuticals, stricter food safety regulations, and the expansion of the cold chain for healthcare logistics. Key players are increasingly focusing on electric-driven units, advanced telematics, and low-emission operation to meet fleet decarbonization goals.

Major Players Profiled in the Market Report:

• Carrier Transicold (U.S.)
• Daikin Industries (Japan)
• DENSO Corporation (Japan)
• Trane Technologies (U.S.)
• Wabash National Corporation (U.S.)
• Great Dane LLC (U.S.)
• Utility Trailer Manufacturing Company (U.S.)
• Mitsubishi Heavy Industries Thermal Systems (Japan)
• Hwasung Thermo Co., Ltd. (South Korea)
• Webasto Group (Germany)
• Kingtec Group Company Limited (China)
• Rivacold srl (Italy)
• Kerstner GmbH (Germany)
• Hultsteins AB (Sweden)
• Schmitz Cargobull AG (Germany)

Segments