Industry: Machinery & Equipment
Published Date: 2026-07-14
Pages: 139 Pages
Report ld: 6926816
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Transport Refrigeration Equipment Market Size(US$)

CAGR 2026-2032
5.6%
Market Size,2032
USD 1,041
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Transport Refrigeration Equipment was estimated to be worth US$ 715 million in 2025 and is projected to reach US$ 1041 million, growing at a CAGR of 5.6% from 2026 to 2032.
Transport Refrigeration Units (TRU) is powered by diesel internal combustion engines and are designed to refrigerate or heat perishable goods that are transported in various containers. Significant numbers of these units congregate at distribution centers, truck stops, and other facilities, emitting diesel particulate matter (PM) pollutant emissions, a toxic air contaminant, creating a health risk for those that live nearby.
Global core transport refrigeration unit (TRU) manufacturers include Thermo King, Carrier and DENSO etc. The top 3 companies hold a share about 65%. Europe is the largest market, with a share about 43%, followed by Asia Pacific and North America with the
This report provides a comprehensive view of the global market for Transport Refrigeration Equipment, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Transport Refrigeration Equipment market size, estimations, and forecasts are presented in terms of sales volume (K Units) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Transport Refrigeration Equipment.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Transport Refrigeration Equipment manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Transport Refrigeration Equipment sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Transport Refrigeration Equipment sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Transport Refrigeration Equipment Product Introduction
1.2 Global Transport Refrigeration Equipment Market Size Forecast
1.2.1 Global Transport Refrigeration Equipment Sales Value (2021–2032)
1.2.2 Global Transport Refrigeration Equipment Sales Volume (2021–2032)
1.2.3 Global Transport Refrigeration Equipment Sales Price (2021–2032)
1.3 Transport Refrigeration Equipment Market Trends & Drivers
1.3.1 Transport Refrigeration Equipment Industry Trends
1.3.2 Transport Refrigeration Equipment Market Drivers & Opportunities
1.3.3 Transport Refrigeration Equipment Market Challenges
1.3.4 Transport Refrigeration Equipment Market Restraints
1.3.5 Impact of U.S. Tariffs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Transport Refrigeration Equipment Players Revenue Ranking (2025)
2.2 Global Transport Refrigeration Equipment Revenue by Company (2021–2026)
2.3 Global Transport Refrigeration Equipment Sales Volume Ranking of Players (2025)
2.4 Global Transport Refrigeration Equipment Sales Volume by Company (2021–2026)
2.5 Global Transport Refrigeration Equipment Average Price by Company (2021–2026)
2.6 Key Manufacturers Transport Refrigeration Equipment Manufacturing Base and Headquarters
2.7 Key Manufacturers Transport Refrigeration Equipment Product Offerings
2.8 Key Manufacturers Start of Mass Production of Transport Refrigeration Equipment
2.9 Transport Refrigeration Equipment Market Competitive Analysis
2.9.1 Transport Refrigeration Equipment Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Transport Refrigeration Equipment Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Transport Refrigeration Equipment revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Transport Refrigeration Equipment Market Classification
3.1 Introduction by Type
3.1.1 Van Refrigeration Equipment
3.1.2 Truck Refrigeration Equipment
3.1.3 Trailer Refrigeration Equipment
3.1.4 Global Transport Refrigeration Equipment Sales Value by Type
3.1.4.1 Global Transport Refrigeration Equipment Sales Value by Type (2021 vs 2025 vs 2032)
3.1.4.2 Global Transport Refrigeration Equipment Sales Value, by Type (2021–2032)
3.1.4.3 Global Transport Refrigeration Equipment Sales Value, by Type (%), 2021–2032
3.1.5 Global Transport Refrigeration Equipment Sales Volume by Type
3.1.5.1 Global Transport Refrigeration Equipment Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.5.2 Global Transport Refrigeration Equipment Sales Volume, by Type (2021–2032)
3.1.5.3 Global Transport Refrigeration Equipment Sales Volume, by Type (%), 2021–2032
3.1.6 Global Transport Refrigeration Equipment Average Price by Type (2021–2032)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Food & Beverages
4.1.2 Pharmaceuticals
4.1.3 Chemical Industry
4.1.4 Plants/Flowers
4.1.5 Others
4.2 Global Transport Refrigeration Equipment Sales Value by Application
4.2.1 Global Transport Refrigeration Equipment Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Transport Refrigeration Equipment Sales Value, by Application (2021–2032)
4.2.3 Global Transport Refrigeration Equipment Sales Value, by Application (%), 2021–2032
4.3 Global Transport Refrigeration Equipment Sales Volume by Application
4.3.1 Global Transport Refrigeration Equipment Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Transport Refrigeration Equipment Sales Volume, by Application (2021–2032)
4.3.3 Global Transport Refrigeration Equipment Sales Volume, by Application (%), 2021–2032
4.4 Global Transport Refrigeration Equipment Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Transport Refrigeration Equipment Sales Value by Region
5.1.1 Global Transport Refrigeration Equipment Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Transport Refrigeration Equipment Sales Value by Region (2021–2026)
5.1.3 Global Transport Refrigeration Equipment Sales Value by Region (2027–2032)
5.1.4 Global Transport Refrigeration Equipment Sales Value by Region (%), 2021–2032
5.2 Global Transport Refrigeration Equipment Sales Volume by Region
5.2.1 Global Transport Refrigeration Equipment Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Transport Refrigeration Equipment Sales Volume by Region (2021–2026)
5.2.3 Global Transport Refrigeration Equipment Sales Volume by Region (2027–2032)
5.2.4 Global Transport Refrigeration Equipment Sales Volume by Region (%), 2021–2032
5.3 Global Transport Refrigeration Equipment Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Transport Refrigeration Equipment Sales Value, 2021–2032
5.4.2 North America Transport Refrigeration Equipment Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Transport Refrigeration Equipment Sales Value, 2021–2032
5.5.2 Europe Transport Refrigeration Equipment Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Transport Refrigeration Equipment Sales Value, 2021–2032
5.6.2 Asia Pacific Transport Refrigeration Equipment Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Transport Refrigeration Equipment Sales Value, 2021–2032
5.7.2 South America Transport Refrigeration Equipment Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Transport Refrigeration Equipment Sales Value, 2021–2032
5.8.2 Middle East & Africa Transport Refrigeration Equipment Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Transport Refrigeration Equipment Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Transport Refrigeration Equipment Sales Value and Sales Volume
6.2.1 Key Countries/Regions Transport Refrigeration Equipment Sales Value, 2021–2032
6.2.2 Key Countries/Regions Transport Refrigeration Equipment Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Transport Refrigeration Equipment Sales Value, 2021–2032
6.3.2 United States Transport Refrigeration Equipment Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Transport Refrigeration Equipment Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Transport Refrigeration Equipment Sales Value, 2021–2032
6.4.2 Europe Transport Refrigeration Equipment Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Transport Refrigeration Equipment Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Transport Refrigeration Equipment Sales Value, 2021–2032
6.5.2 China Transport Refrigeration Equipment Sales Value by Type (%), 2025 vs 2032
6.5.3 China Transport Refrigeration Equipment Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Transport Refrigeration Equipment Sales Value, 2021–2032
6.6.2 Japan Transport Refrigeration Equipment Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Transport Refrigeration Equipment Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Transport Refrigeration Equipment Sales Value, 2021–2032
6.7.2 South Korea Transport Refrigeration Equipment Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Transport Refrigeration Equipment Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Transport Refrigeration Equipment Sales Value, 2021–2032
6.8.2 Southeast Asia Transport Refrigeration Equipment Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Transport Refrigeration Equipment Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Transport Refrigeration Equipment Sales Value, 2021–2032
6.9.2 India Transport Refrigeration Equipment Sales Value by Type (%), 2025 vs 2032
6.9.3 India Transport Refrigeration Equipment Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 Thermo King
7.1.1 Thermo King Company Information
7.1.2 Thermo King Introduction and Business Overview
7.1.3 Thermo King Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.1.4 Thermo King Transport Refrigeration Equipment Product Offerings
7.1.5 Thermo King Recent Developments
7.2 Carrier Transicold
7.2.1 Carrier Transicold Company Information
7.2.2 Carrier Transicold Introduction and Business Overview
7.2.3 Carrier Transicold Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.2.4 Carrier Transicold Transport Refrigeration Equipment Product Offerings
7.2.5 Carrier Transicold Recent Developments
7.3 DENSO
7.3.1 DENSO Company Information
7.3.2 DENSO Introduction and Business Overview
7.3.3 DENSO Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.3.4 DENSO Transport Refrigeration Equipment Product Offerings
7.3.5 DENSO Recent Developments
7.4 Wabash National
7.4.1 Wabash National Company Information
7.4.2 Wabash National Introduction and Business Overview
7.4.3 Wabash National Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.4.4 Wabash National Transport Refrigeration Equipment Product Offerings
7.4.5 Wabash National Recent Developments
7.5 Lamberet
7.5.1 Lamberet Company Information
7.5.2 Lamberet Introduction and Business Overview
7.5.3 Lamberet Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.5.4 Lamberet Transport Refrigeration Equipment Product Offerings
7.5.5 Lamberet Recent Developments
7.6 MHI
7.6.1 MHI Company Information
7.6.2 MHI Introduction and Business Overview
7.6.3 MHI Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.6.4 MHI Transport Refrigeration Equipment Product Offerings
7.6.5 MHI Recent Developments
7.7 Chereau
7.7.1 Chereau Company Information
7.7.2 Chereau Introduction and Business Overview
7.7.3 Chereau Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.7.4 Chereau Transport Refrigeration Equipment Product Offerings
7.7.5 Chereau Recent Developments
7.8 Great Dane
7.8.1 Great Dane Company Information
7.8.2 Great Dane Introduction and Business Overview
7.8.3 Great Dane Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.8.4 Great Dane Transport Refrigeration Equipment Product Offerings
7.8.5 Great Dane Recent Developments
7.9 Zanotti
7.9.1 Zanotti Company Information
7.9.2 Zanotti Introduction and Business Overview
7.9.3 Zanotti Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.9.4 Zanotti Transport Refrigeration Equipment Product Offerings
7.9.5 Zanotti Recent Developments
7.10 Kingtec
7.10.1 Kingtec Company Information
7.10.2 Kingtec Introduction and Business Overview
7.10.3 Kingtec Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.10.4 Kingtec Transport Refrigeration Equipment Product Offerings
7.10.5 Kingtec Recent Developments
7.11 FRIGOBLOCK
7.11.1 FRIGOBLOCK Company Information
7.11.2 FRIGOBLOCK Introduction and Business Overview
7.11.3 FRIGOBLOCK Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.11.4 FRIGOBLOCK Transport Refrigeration Equipment Product Offerings
7.11.5 FRIGOBLOCK Recent Developments
7.12 GAH Refrigeration
7.12.1 GAH Refrigeration Company Information
7.12.2 GAH Refrigeration Introduction and Business Overview
7.12.3 GAH Refrigeration Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.12.4 GAH Refrigeration Transport Refrigeration Equipment Product Offerings
7.12.5 GAH Refrigeration Recent Developments
7.13 Morgan
7.13.1 Morgan Company Information
7.13.2 Morgan Introduction and Business Overview
7.13.3 Morgan Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.13.4 Morgan Transport Refrigeration Equipment Product Offerings
7.13.5 Morgan Recent Developments
7.14 Sainte Marie
7.14.1 Sainte Marie Company Information
7.14.2 Sainte Marie Introduction and Business Overview
7.14.3 Sainte Marie Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.14.4 Sainte Marie Transport Refrigeration Equipment Product Offerings
7.14.5 Sainte Marie Recent Developments
7.15 Hubbard
7.15.1 Hubbard Company Information
7.15.2 Hubbard Introduction and Business Overview
7.15.3 Hubbard Transport Refrigeration Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.15.4 Hubbard Transport Refrigeration Equipment Product Offerings
7.15.5 Hubbard Recent Developments
8 Industry Chain Analysis
8.1 Transport Refrigeration Equipment Industrial Chain
8.2 Transport Refrigeration Equipment Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Transport Refrigeration Equipment Sales Model
8.5.2 Sales Channels
8.5.3 Transport Refrigeration Equipment Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Transport Refrigeration Equipment market is projected to grow from US$ 680 million in 2024 to US$ 991 million by 2031, at a CAGR of 5.6% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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The global Transport Refrigeration Equipment market size was US$ 680 million in 2024 and is forecast to a readjusted size of US$ 991 million by 2031 with a CAGR of 5.6% during the forecast period 2025-2031.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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