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
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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India refrigerated truck market was at 9 million USD in FY2021 and is likely to increase at high growth rate and boosting up to 15 million USD until FY2027.
At first, the refrigerated truck market was utilized mostly for milk and dairy product. Presently, due to growing demand for fresh and frozen food products like fruits & vegetables, pharmaceuticals are providing opportunities for the growth of the refrigerated truck market. Covid vaccines need specific conditions for transportation thus driving the growth of India refrigerated truck market. Increased penetration of internet and growth in demand for internet of things technology is helping to improve connectivity for instant service and ensure reliability and security for refrigerated trucks. Technologies and innovations are helping refrigerated trucks to increase efficiency, increase performance and reduce operating costs.
Very disposable income along with improved standards of living and increase in demand for higher quality products are other drivers driving the growth in refrigerated truck market.
Indian refrigerated market can be differentiated according to truck type, temperature compartment, application, and geography. According to truck type, market can also be classified as light, medium and heavy weight truck type. According to market analysis heavy weight truck type is leading the refrigerated truck market followed by light and medium weight truck type. Light weight truck type is utilized to carry perishable commodities in the city and is likely to experience the fastest growth in the forecast period. Heavy weight truck type is utilized to distribute perishable commodities over long distances. Heavy weight possesses greater capacity and have multi-temperature refrigerated system as a consequence can carry multiple products simultaneously.
Market segment
The Indian refrigerated truck market is segmented by truck type (light, medium, heavy), application (food & beverages, pharmaceuticals, etc.), and region. Heavy-duty trucks dominate the market for long-distance transport, while lighter trucks are used for shorter, urban deliveries. Applications like food and beverages, and pharmaceuticals are major drivers of growth.
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Detailed Segmentation
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By Truck Type
- Light Trucks Used for short-distance, city deliveries, expected to see the fastest growth.
- Medium Trucks A middle ground between light and heavy, serving various needs.
- Heavy Trucks Dominant in long-distance transportation of perishable goods.
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By Application
- Food & Beverages A major segment, including dairy, meat, fruits, and vegetables.
- Pharmaceuticals Essential for transporting temperature-sensitive medicines and vaccines.
- Others Includes chemicals and other goods requiring temperature control.
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By Region
- The market is segmented by geographical regions within India, reflecting regional variations in demand.
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By Vehicle Capacity (GVW)
- The market is also segmented by vehicle capacity, including categories like 02-4.5 tons, 7-7.5 tons, and higher.
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By Temperature Compartment
- Refrigerated trucks can have single or multiple temperature compartments.
The key players in India refrigerated truck market
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
Years considered for this report
Historical YearsFY2017-FY2020
Base YearFY2021
Estimated YearFY2022
Forecast PeriodFY2023–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.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across India. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across India.
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.
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