India Refrigerated Trucks Market Trend Analysis, Competitive Landscape & Forecast, 2022-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India refrigerated trucks market size at USD 5.90 billion in 2022. During the forecast period between 2023 and 2029, India refrigerated trucks market size is to grow at a robust CAGR of 14.23% reaching a value of USD 14.00 billion by 2029. There have been notable trends in the market for refrigerated vehicles in India. Due to India's expanding cold chain industry, demand for refrigerated vehicles, also known as reefer trucks, has been rising steadily. The growth of online grocery delivery services, expanding organized retail, and rising consumer awareness of food safety and quality have all boosted demand for refrigerated transportation. The government's emphasis on lowering post-harvest losses and enhancing infrastructure for food preservation has also helped to strengthen the market. Manufacturers are putting cutting-edge technologies like temperature-cont...