Market Research Report

Saudi Arabia Road Transport Refrigeration Equipment Market Research Report: Forecast (2023-2028)

By Equipment (Condensers, Evaporators, Compressors, Control Panels, Others (Pipelines, Wires, etc.)), By Application (Food & Beverage Products, Pharmaceutical & Healthcare Products..., Floral Products), By Transport (Vans & Light Trucks, Heavy Trucks, Trailers), By Temperature (Single Temperature, Multi-Temperature), By Power Source (Vehicle Powered, Self-Powered), By Region (Central, East, West, South), By Competitors (Coldstores Group of Saudi Arabia, Zamil air conditioners, Sharaf Din Group of Companies, Alshehili Company, Bureidah Trading and Refrigeration Company, Sinoclima, Leha Transportation, Daikin Industries Ltd., Danfoss, and Saudi Salajah) Read more

  • Food & Beverages
  • Aug 2023
  • 105
  • FB44007

Market Definition

Road Transport Refrigeration Equipment is designed to maintain specific temperature conditions within trucks, vans, & trailers to preserve perishable goods like food, pharmaceuticals, & chemicals, among other temperature-sensitive products, during transportation. The equipment includes refrigeration units, insulation materials, temperature sensors, control panels, & monitoring devices that work together to ensure a controlled environment within the cargo area.

Market Insights & Analysis: Saudi Arabia Road Transport Refrigeration Equipment Market (2023-28)

The Saudi Arabia Road Transport Refrigeration Equipment Market is projected to grow at a CAGR of around 3.7% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the ever-evolving demand for frozen fruits & vegetables, the rapidly expanding pharmaceutical & healthcare sectors, the surging importance of cold chain logistics, and the mounting prevalence of packaged food & beverages in the country. With rising urbanization and the growing number of expatriates, Saudi Arabia is witnessing immense infrastructure development related to retail stores, supermarkets, restaurants, & cafes, among others, which has increased the demand for truck refrigeration equipment for the transportation of perishable goods to these centers.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 3.7%
Region Covered Central, East, West, South
Key Companies Profiled Coldstores Group of Saudi Arabia, Zamil air conditioners, Sharaf Din Group of Companies, Alshehili Company, Bureidah Trading and Refrigeration Company, Sinoclima, Leha Transportation, Daikin Industries Ltd., Danfoss, Saudi Salajah and Others
Unit Denominations USD Million/Billion

 

In addition, increasing activities associated with the development of an efficient cold chain infrastructure to ensure the safe & reliable transportation of temperature-sensitive goods is also fueling the demand for road transport refrigeration equipment in Saudi Arabia. The government and private sectors are massively investing in cold chain logistics to support the country's food & pharmaceutical industries, positively impacting the market growth.

Moreover, advancements in healthcare services have proliferated the country's pharmaceutical sector and, in turn, generated a greater demand for road transport refrigeration equipment to ensure the safe & temperature-controlled distribution of pharmaceutical products, including vaccines & medicines. Equipment manufacturers are actively working on the development of more energy-efficient & eco-friendly road transport refrigeration equipment that can offer improved temperature control, reduced energy consumption, & enhanced reliability and attract businesses seeking modern & efficient solutions, thereby creating new directions for the Saudi Arabia Road Transport Refrigeration Equipment Market.


Saudi Arabia Road Transport Refrigeration Equipment Market Research Report: Forecast (2023-2028)

Saudi Arabia Road Transport Refrigeration Equipment Market Growth Opportunity

Shift toward Sustainable & Eco-Friendly Road Transport Refrigeration Solutions - The rising trend of environmentally friendly technologies & sustainable practices in Saudi Arabia is positively influencing the Road Transport Refrigeration Equipment Market. The Saudi government has been promoting environmental sustainability by taking various initiatives toward reducing carbon footprints. It has shown immense support for the adoption of EVs (Electric Vehicles) and green technologies through incentives & subsidies like financial benefits, & reduced registration fees, among other perks, in order to encourage businesses to invest in sustainable solutions, including EVs, for their road transport refrigeration requirements. As a result, there is a growing popularity of electric-powered road transport refrigeration equipment in Saudi Arabia, i.e., creating remunerative prospects for the market to expand notably in the coming years.

Saudi Arabia Road Transport Refrigeration Equipment Market Restraint

Extreme Climate Conditions & Ambient Temperatures - Saudi Arabia experiences hot & arid weather conditions, especially during the summer, where temperatures often exceed 40 degrees Celsius. Therefore, maintaining the required low temperatures inside refrigerated compartments might be challenging in these extreme climates, as the high ambient temperatures can weaken the cooling capabilities of refrigeration equipment, resulting in high energy consumption, cargo spoilage, & increased risk of mechanical failures, consequently, hampering the Saudi Arabia Road Transport Refrigeration Equipment Market growth.

Saudi Arabia Road Transport Refrigeration Equipment Market (2023-28): Segmentation Analysis

The Saudi Arabia Road Transport Refrigeration Equipment Market study from MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–28. Based on the analysis, the market has been further classified as:

Based on Equipment:

  • Condenser
  • Evaporator
  • Compressor
  • Control Panel
  • Others (Pipeline, Wire, etc.)

Of them all, compressors holds a prominent share of the Saudi Arabia Road Transport Refrigeration Equipment Market. In Saudi Arabia, where temperature control is crucial for transporting goods in extreme climates, the prevalence of compressors is significant. They are widely used in various types of road transport refrigeration units, including those installed on trucks, trailers, & vans, and help maintain the required temperature inside refrigerated compartments, ensuring that perishable goods like food & pharmaceuticals remain fresh & unspoiled during transportation.

The leading companies in the industry offer an extensive range of compressor-driven refrigeration systems suitable for different applications & cargo types. They are actively working on introducing more innovative & effective products to cater to varied end-user requirements, i.e., spurring growth in the Saudi Arabia Road Transport Refrigeration Equipment Market.

Based on Application:

  • Food & Beverage Products
  • Pharmaceutical & Healthcare Products
  • Floral Products

Here, food & beverage products play a significant role in driving the Road Transport Refrigeration Equipment Market in Saudi Arabia. It owes to the burgeoning demand for frozen, ready-to-eat, & processed foods in the country, backed by urbanization, changing consumer lifestyles, and the rapid rise in the working women population.

The food & beverage industry heavily relies on the safe transportation of items, including fresh fruits, vegetables, meat, dairy products, seafood, & processed foods, which require specific temperature control to maintain their quality & freshness during transit, and road transport refrigeration equipment ensures that the cold chain is maintained from the point of production to distribution & retail outlets.

Saudi Arabia has been observing significant growth in its food retail sector, with an increasing number of supermarkets, hypermarkets, & convenience stores catering to the ever-evolving consumer demand. Different regions within the country have varying climates, often resulting in seasonal fluctuations in food production & consumption, consequently driving the demand for road transport refrigeration equipment for the efficient distribution of goods and balancing supply & demand throughout the year.

Moreover, the country hosts millions of pilgrims during the Hajj and Umrah pilgrimages every year, to cater to which the food & beverage sector plays a crucial role, thereby creating the demand for road transport refrigeration equipment for the timely & safe delivery of perishable items.

Based on Power Source:

  • Vehicle-Powered
  • Self-Powered

Of them, vehicle-powered systems are more prevalent in the Saudi Arabia Road Transport Refrigeration Equipment Market, particularly in smaller delivery vehicles & vans. They do not have their own power source and rely on the vehicle's engine to power the cooling process, thus are cost-effective & suitable for shorter distances or frequent stops. In addition, they offer greater flexibility, as they are easily integrated into existing transport vehicles and thus can be installed on various types of vehicles, including vans, light trucks, & smaller delivery vehicles, which makes them suitable for numerous transportation needs, particularly in urban & local delivery scenarios.

Historically, diesel-powered vehicles for road transport refrigeration equipment have been prevalent in the country. However, there has been a growing trend toward adopting electric-powered systems with rising environmental concerns and significant advancements in EV (Electric Vehicle) technology. Saudi Arabia has been showing greater interest in adopting sustainable & eco-friendly technologies like EVs in order to reduce carbon emissions and address environmental challenges, thereby contributing to the mounting popularity of electric road transport refrigeration equipment across the country and fueling the overall market growth.

Gain a Competitive Edge with Our Saudi Arabia Road Transport Refrigeration Equipment Market Report

  1. Saudi Arabia Road Transport Refrigeration Equipment Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Saudi Arabia Road Transport Refrigeration Equipment Industry report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The Saudi Arabia Road Transport Refrigeration Equipment Market is set to grow at around 3.7% CAGR during 2023-28.

   A. The burgeoning demand for frozen & ready-to-eat foods is the prime aspect expected to drive the Saudi Arabia Road Transport Refrigeration Equipment Market through 2028.

   A. Coldstores Group of Saudi Arabia, Zamil air conditioners, Sharaf Din Group of Companies, Alshehili Company, Bureidah Trading and Refrigeration Company, Sinoclima, Leha Transportation, Daikin Industries Ltd., Danfoss, and Saudi Salajah are the key players operating in the Saudi Arabia Road Transport Refrigeration Equipment Market.

   A. Food & beverage products are the leading application in the Saudi Arabia Road Transport Refrigeration Equipment Market in the coming years.

   A. The shift toward electric vehicles owing to growing environmental concerns over the alarming carbon emission levels is expected to present promising growth opportunities for the Saudi Arabia Road Transport Refrigeration Equipment Market through 2028.

Saudi Arabia Road Transport Refrigeration Equipment Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Preface
  4. Executive Summary
  5. Impact of COVID-19 on Saudi Arabia Road Transport Refrigeration Equipment Market
  6. Saudi Arabia Refrigeration Equipment Import & Export Data, Year 2018-2022
  7. Saudi Arabia Road Transport Refrigeration Equipment Market Trends & Insights
  8. Saudi Arabia Road Transport Refrigeration Equipment Market Dynamics
    1. Growth Drivers
    2. Challenges
  9. Saudi Arabia Road Transport Refrigeration Equipment Market Policies & Regulations
  10. Saudi Arabia Road Transport Refrigeration Equipment Market Hotspot & Opportunities
  11. Saudi Arabia Road Transport Refrigeration Equipment Supply Chain Analysis
  12. Saudi Arabia Road Transport Refrigeration Equipment Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment
        1. Condensers
        2. Evaporators
        3. Compressors
        4. Control Panels
        5. Others (Pipelines, Wires, etc.)
      2. By Application
        1. Food & Beverage Products
        2. Pharmaceutical & Healthcare Products
        3. Floral Products
      3. By Transport
        1. Vans & Light Trucks
        2. Heavy Trucks
        3. Trailers
      4. By Temperature
        1. Single Temperature
        2. Multi-Temperature
      5. By Power Source
        1. Vehicle Powered
        2. Self-Powered
      6. By Region
        1. Central
        2. East
        3. West
        4. South
      7. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  13. Saudi Arabia Road Transport Refrigeration Equipment Market Key Strategic Imperatives for Success & Growth
  14. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Coldstores Group of Saudi Arabia
      2. Zamil air conditioners
      3. Sharaf Din Group of Companies
      4. Alshehili Company
      5. Bureidah Trading and Refrigeration Company
      6. Sinoclima
      7. Leha Transportation
      8. Daikin Industries Ltd.
      9. Danfoss
      10. Saudi Salajah
      11. Others
  15. Disclaimer


Saudi Arabia Road Transport Refrigeration Equipment Market Segmentation