Middle East Refrigerated Truck Market Share

Market Share of Middle East Refrigerated Truck Industry

The Middle East refrigerated truck exhibits a moderately consolidated landscape, dominated by a few major global players such as Carrier, Thermo King, Daikin, Frigoblock, Zanotti, Foton Group, ISUZU, TSSC (Harwal Group), Carrier, KRONE, Schmitz Cargobull, and others. These companies have established a stronghold in the market through extensive product portfolios, technological advancements, and strategic collaborations.

• In December 2023, Carrier Transicold came under significant collaboration with GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) to accelerate cold chain development and decarbonization in Costa Rica and South Africa. This partnership aims to reduce greenhouse gas emissions and improve food safety and quality in these countries.

• In October 2023, Thermo King introduced an alternative for large truck diesel refrigeration systems. This new offering is designed to minimize environmental impact and improve overall efficiency in the transportation sector.

• In April 2023, Carrier Transicold, a leading transport and refrigeration solutions provider, announced its contribution to France's first electric hydrogen-powered truck. This innovative project aims to reduce carbon emissions and promote sustainable transportation.

• In April 2023, Thermo King entered into a long-term agreement with ZF, a global technology company. The collaboration aims to develop advanced vehicle systems and improve overall efficiency in the transportation industry.

Middle East Refrigerated Truck Market Leaders

1. Thermo King

2. Daikin

3. Carrier

4. Frigoblock

5. Zanotti

*Disclaimer: Major Players sorted in no particular order