Market Share of Mexico Refrigerated Truck Industry
Mexico's refrigerated truck market is dominated by several key players, such as Wabash National Corporation, Utility Trailler Manufacturing LLC, Thermo King Corporation, and Hyndai Tanslead Inc. The market is expected to witness major growth during the forecast period due to the growing strategic development among trailer manufacturers and the rapid expansion of refrigerated trailer manufacturing facilities across the country. For instance,
- In September 2023, Utility Trailer Inc. and Schmitz Cargobull jointly developed a new refrigeration unit technology. The new technology reduces and eliminates emissions, achieves up to 20% reduction in fuel consumption, and enables advanced trailer telematics for fleet logistics management.
- In December 2022, Grupo Lala bought 30 fully electric refrigerated trucks, the first of their kind in Mexico. These T45C model units, manufactured by BYD, will help reduce the company's carbon footprint while improving distribution. Grupo Lala aims to use these trucks to reduce their carbon footprint every year, making it a significant step toward sustainability.
Mexico Refrigerated Truck Market Leaders
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Thermo King Corporation
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Utility Trailer Manufacturing Company LLC
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Wabash National Corporation
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Hyundai Translead, Inc.
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Vanguard National Trailer Corp.
*Disclaimer: Major Players sorted in no particular order
