Indian refrigerated trucks market pegged at 19 percent CAGR until 2026

The expanding cold chain logistics sector in India is primarily catalysing the market growth for refrigerated trucks.

Furthermore, the increasing consumer inclination towards frozen, processed, and readyto- eat food variants, due to busy work schedules and sedentary lifestyles of the consumers, is propelling the market growth. According to the latest report, Indian Refrigerated Trucks Market size by IMARC Group, the Indian refrigerated trucks market to grow at a CAGR of 19 percent during 2021-2026.

Refrigerated trucks carrying perishable goods at lower temperatures to prevent contamination or spoilage, are mainly equipped with a mechanical refrigerating system containing dry ice (solid carbon dioxide) as a cooling agent that maintains the temperature below the freezing point.

As a result, refrigerated trucks are widely used to transport various temperature-sensitive items, such as meat, fish, dairy products, fruits, vegetables, pharmaceuticals, confectioneries, etc. The availability of food products is witnessing a rise across numerous online distribution channels, with the proliferation of e-commerce platforms.

This is also augmenting the adoption of refrigerated trucks for supply-based applications. Besides this, continuous advancements in the healthcare sector, especially in light of the pandemic outbreak, have resulted in the increased need for safe transportation of temperature-sensitive products, such as vaccines, clinical trial materials, biopharmaceuticals, etc.

Moreover, the growing incorporation of phase change material (PCM) in truck refrigeration systems to offer improved energy efficiency is expected to further strengthen the market in the coming years.