Refrigerated Truck Market is Expected to Reach USD 6.4 Billion by 2032 | MRFR

The growing demand for temperature control to reduce food waste and mitigate health risks is fueling market growth.

NEW YORK, NY, UNITED STATES, March 24, 2025 /EINPresswire.com/ --
The refrigerated truck market is a crucial segment of the global logistics and transportation industry. These specialized trucks are designed to transport perishable goods such as food, pharmaceuticals, and chemicals under controlled temperature conditions. With the increasing demand for fresh and frozen food products, the expansion of e-commerce grocery delivery, and stringent regulations on food safety, the refrigerated truck market has witnessed significant growth over the past decade.

The Refrigerated Truck Market was valued at USD 3.5 billion in 2022 and is expected to expand from USD 3.7 billion in 2023 to USD 6.4 billion by 2032, registering a compound annual growth rate (CAGR) of 6.90% during the forecast period (2024–2032).

Refrigerated trucks, also known as reefer trucks, are equipped with refrigeration units that maintain a specific temperature range to preserve the integrity of perishable goods. These vehicles come in various sizes and configurations, catering to different industries and logistical needs. The market encompasses two primary types of refrigeration systems:

Self-powered Refrigeration Units: These systems operate independently of the truck’s engine and are commonly used in larger trucks for long-haul transportation.

Vehicle-powered Refrigeration Units: These systems are powered by the truck’s engine and are typically found in smaller delivery vehicles.

The refrigerated truck market is influenced by factors such as the growing demand for cold chain logistics, increasing international trade of perishable goods, and advancements in refrigeration technology.

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Market Drivers
1. Growing Demand for Perishable Goods
The rising consumption of fresh and frozen food, including dairy products, meat, seafood, and fruits, is a primary driver of the refrigerated truck market. Consumers are increasingly preferring fresh produce, which necessitates efficient cold chain logistics.

2. Expansion of E-commerce Grocery and Food Delivery Services
The surge in online grocery shopping and food delivery services has significantly contributed to the demand for refrigerated trucks. Companies such as Amazon Fresh, Walmart, and Instacart are investing in cold chain logistics to meet the growing consumer expectations for fresh and timely deliveries.

3. Stringent Food Safety Regulations
Governments across the globe have implemented strict regulations to ensure the safe transportation of perishable goods. The U.S. Food and Drug Administration’s (FDA) Food Safety Modernization Act (FSMA) and the European Union’s regulations on food transportation require businesses to maintain specific temperature conditions, further driving the demand for refrigerated trucks.

4. Growth in Pharmaceutical and Healthcare Industry
The transportation of temperature-sensitive pharmaceuticals, including vaccines, biologics, and insulin, has become a significant contributor to the refrigerated truck market. The COVID-19 pandemic highlighted the importance of cold chain logistics in vaccine distribution, reinforcing the need for reliable refrigerated transportation.

Market Challenges

1. High Initial Investment and Operating Costs
Refrigerated trucks involve substantial initial investment costs due to advanced refrigeration systems, insulation, and maintenance requirements. Additionally, fuel consumption is higher compared to standard trucks, increasing operational expenses.

2. Environmental Concerns
Traditional diesel-powered refrigeration units contribute to carbon emissions, leading to increased scrutiny on their environmental impact. Stringent emission regulations are pushing manufacturers to develop eco-friendly alternatives, such as electric and hybrid refrigerated trucks.

3. Infrastructure Limitations in Developing Regions
Despite increasing demand, the refrigerated truck market faces challenges in regions with inadequate cold chain infrastructure, especially in parts of Africa, Latin America, and Southeast Asia. Limited storage and transportation facilities hinder market expansion in these areas.

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Market Trends
1. Adoption of Electric and Hybrid Refrigerated Trucks
With the growing focus on sustainability, several companies are investing in electric and hybrid refrigerated trucks. Companies like Thermo King and Carrier Transicold are developing environmentally friendly refrigeration solutions that reduce emissions and improve energy efficiency.

2. Technological Advancements in Refrigeration Systems
Advancements in refrigeration technology, such as solar-powered refrigeration, IoT-enabled temperature monitoring, and automated defrost systems, are enhancing the efficiency of refrigerated trucks. These innovations improve cargo safety, reduce energy consumption, and extend the lifespan of refrigeration units.

3. Expansion of Cold Chain Logistics in Emerging Markets
The rise of organized retail, increased disposable incomes, and urbanization in emerging markets are fueling the expansion of cold chain logistics. Countries like India, China, and Brazil are witnessing a surge in refrigerated truck demand due to the growing need for fresh and frozen food distribution.

Key Companies in the Refrigerated Truck market include

Kögel Trailer GmbH & Co.KG

Hyundai Translead. Inc.

Wabash National

Fahrzeugwert Bernard Krone Gmbh & Co.KG

China International Marine Containers (Group) Ltd.

GRW Tankers and Trailers

Lamberet SAS

Great Dane LLC

Chereau

Schmitz Cargobull AG

Regional Insights

North America
North America is one of the largest markets for refrigerated trucks, driven by a well-established cold chain infrastructure, strong e-commerce penetration, and strict food safety regulations. The U.S. and Canada are major contributors to market growth.

Europe
Europe has a mature refrigerated truck market, with key players investing in sustainable solutions to meet stringent emission standards. The increasing demand for organic and fresh food products is boosting market expansion.

Asia-Pacific
The Asia-Pacific region is experiencing rapid growth due to urbanization, rising disposable incomes, and the expansion of organized retail. Countries like China, India, and Japan are investing in cold chain logistics to support their growing food and pharmaceutical industries.

Latin America and the Middle East & Africa
While these regions face infrastructure challenges, increasing investment in cold storage facilities and government initiatives to improve food safety are expected to drive market growth in the coming years.

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Future Outlook

The refrigerated truck market is poised for continued growth, driven by the increasing demand for cold chain logistics, technological advancements, and regulatory support for food and pharmaceutical transportation. The shift toward electric and hybrid refrigerated trucks will further shape the industry’s future, making sustainability a key focus.

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