MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as India Truck & Bus Air Conditioner Market Size, Share, Analysis, Forecast 2024-2030.
India Truck & Bus Air Conditioner Market Analysis and Insights:
The India Truck & Bus Air Conditioner Market size is estimated to grow at a CAGR of around 6.72% during the forecast period, i.e., 2024-30.
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India Truck & Bus Air Conditioner Market Dynamics
India Truck & Bus Air Conditioner Market Driver: Growing Adoption of Electric Trucks and Buses in the Country
Rising demand for electric trucks and buses in India is driving the heightened requirement for truck and bus air conditioners. The government initiatives, carbon reduction goals, growing temperatures, and sustainability efforts by businesses resulted in a heightened demand for air-conditioned electric buses in the country. State governments such as Kerala, Karnataka, Tamil Nadu, Bengal, etc. are increasingly enhancing their public travel transport by heavily investing in sustainable & comfortable transportation.
For instance, in 2022, the West Bengal government awarded a contract to Tata Motors to manufacture around 1180 electric buses, which include 12-meter low-floor buses and 9-meter standard AC floor buses. Consequently, these types of government initiatives have accelerated the market in recent years.
Moreover, the rising growth of e-commerce and last-mile delivery services, especially in urban areas, is expected to increase the demand for electric trucks in the coming years. These vehicles are expected to be equipped with air conditioners to meet the evolving needs of logistics companies and contribute to sustainable urban transportation.
India Truck & Bus Air Conditioner Market Report Segmentation:
The report has segmented the market into the following categories:
By Vehicle Type
-Bus
–Large Buses (Above 10 Meter)
–Medium Buses (7.1 to 10 Meter)
–Small Buses (Below 7 Meter)
-Truck
–Heavy Duty Trucks (Above 7 Tons)
–Light & Medium Duty Trucks (Up to 7 Tons)
By Product Type
-Roof Mounted Split AC
-Back Wall AC
By Demand Type:
-OEM
-Replacement
By Capacity
-Up to 10 Kw
-10.1-25 Kw
-25.1-40 Kw
-Above 40 Kw
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Market Divided by Region/Country:
By Region
-North
-West
-East
-South
Who are the top Companies in the India Truck & Bus Air Conditioner Market?
Denso Kirlosker Industries Pvt. Ltd., JTAC, Valeo Thermal Commercial Vehicle Germany GmbH, TKT, Thermo King, Subros Limited, Marwahindia, Sidwal Refrigeration Industries Private Limited, Songz, Ebespacher Gruppe GmbH & Co. KG, and others
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