Market Share of Saudi Arabia Refrigerated Truck Industry
The Saudi Arabia refrigerated truck exhibits a moderately consolidated landscape, dominated by a few major global players such as Carrier Transicold, Thermo King, Daikin, Frigoblock, Zanotti, Red Sea Global, Voith Turbo, Foton Group, Emerald Transportation Solutions, ISUZU, and others. These companies have established a stronghold in the market through extensive product portfolios, technological advancements, and strategic collaborations.
• 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.
• In May 2022, Carrier Transicold unveiled its new XR Series engineless truck refrigeration units, which offer enhanced performance and sustainability. These innovative units are expected to significantly reduce fuel consumption and greenhouse gas emissions in the transportation sector.
Saudi Arabia Refrigerated Truck Market Leaders
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Carrier Transicold
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Thermo King
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Daikin
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Frigoblock
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Foton Group
*Disclaimer: Major Players sorted in no particular order
