SOUTH KOREA TRUCK REFRIGERATION UNIT MARKET

INTRODUCTION

 Truck Refrigeration Systems are the use of refrigerated/reefer trucks equipped with mechanical refrigeration systems to transport perishable goods on the road (such as frozen foods, vegetables, fruits, ice cream, and wine) in order to keep the chilled or frozen products at suitable temperatures all the way to the point of sale. 

A refrigerator is a truck, trailer or freight container that has a refrigerating unit and is used to carry temperature-sensitive cargo. LTL shipping has general possibilities for maintaining goods in a "cool" or "fresh" temperature range or in a frozen temperature range. A "cold" range is usually used for loads such as fresh food or other perishable items. 

SOUTH KOREA TRUCK REFRIGERATION UNIT MARKET SIZE AND FORECAST

The South Korea Truck refrigeration unit market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET ANALYSIS

The truck refrigeration unit market is expected to be driven by rising LCV sales internationally and rising demand for frozen and chilled goods globally. The truck refrigeration unit market opportunity, increasing sales of electric buses, and technological improvement in refrigerated systems and equipment.

Cabin comfort standards, on the other hand, are acting as a brake on the refrigeration unit market, as cabin comfort is no longer an optional technology for vehicles, particularly in developed nations. 

The market is dominated by the frozen foods industry subsegment. Temperature variations ranging from -25 degrees Celsius to +5 degrees Celsius are available from the vendors.

As a result, it is useful for a variety of foods such as meat, ice cream, dairy products, and frozen snacks.As a result of changing consumer preferences and cross-cultural diversification, the frozen packaged edible goods market is expected to increase internationally, which will enhance the market for LCVs refrigeration units to meet the demand for frozen foods.

 The roof mount system sub-segment is predicted to develop at the fastest rate in the LCV refrigeration unit market by type. Throughout the forecast period, the roof mount system segment is expected to be the fastest growing light commercial vehicle refrigeration unit market.

Among the factors contributing to the expansion of this system are better operational efficiency, a simple functioning mechanism, lightweight, compact size, and low maintenance cost.

COMPANY PROFILE

• Thermal Master
• TopCold Co Ltd
• Thermotec Co Ltd
• Prime Corporation
• SEUMTEC Co Ltd

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Truck refrigeration units are manufactured per annum in South Korea? Who are the sub-component suppliers in different regions?
2. Cost breakup of a South Korea Truck refrigeration unit and key vendor selection criteria
3. Where is the Truck refrigeration unit manufactured? What is the average margin per unit?
4. Market share of South Korea Truck refrigeration unit market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Korea Truck refrigeration unit in-house
6. key predictions for next 5 years in South Korea Truck refrigeration unit market
7. Average B-2-B Truck refrigeration unit market price in all segments
8. Latest trends in Truck refrigeration unit market, by every market segment
9. The market size (both volume and value) of the Truck refrigeration unit market in 2023-2030 and every year in between?
10. Production breakup of Truck refrigeration unit market, by suppliers and their OEM relationship