Global Refrigerated Truck Rental Market is predicted to reach USD 136.4 Billion at a CAGR of 9.5% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Refrigerated Truck Rental Market” that contains information from 2022 to 2032. The Global Refrigerated Truck Rental Market is estimated to register a CAGR of 9.5% during the forecast period of 2022 to 2032.

MRFR recognizes the following companies as the key players in the Global Refrigerated Truck Rental Market Ryder System, Inc., Fraikin Limited, Penske Corporation, Inc., Petit Forestier, The Hertz Corporation, Polar Leasing, Inc., U-COOL Refrigeration, LLC, ReeferTek USA, Corp, KookMate, and Innocool.

Market Highlights

The Global Refrigerated Truck Rental Market is accounted to register a CAGR of 9.5% during the forecast period and is estimated to reach USD 136.4 Billion by 2032.

The Refrigerated Truck Rental Market refers to the global industry that offers rental services for refrigerated trucks. These trucks are specialized vehicles equipped with refrigeration units to maintain a controlled temperature environment inside the cargo area. They are primarily used for transporting perishable goods and temperature-sensitive items, such as fresh produce, dairy products, frozen foods, pharmaceuticals, and other goods that require constant temperature control during transportation. The demand for refrigerated truck rental services is driven by various industries, including food and beverage, pharmaceuticals, healthcare, and logistics. Businesses in these sectors rely on refrigerated trucks to ensure that their products remain fresh and intact throughout the supply chain, from production to delivery.

Segment Analysis

The Global Refrigerated Truck Rental Market has been segmented based on Truck, Rental Term, and Downstream Field

Based on Truck, the market is segmented into Light, Medium, and Heavy. In 2022, the light truck category dominated the market, accounting for 45% of market revenue (amounting to $31.1 billion). These light vehicles are particularly suitable for intra-city transportation of frozen and perishable foods, making them popular choices for quick-service restaurants and supermarkets. Their compact size enables easier maneuvering in cities with heavy traffic, making them a practical option for urban deliveries.

Based on Rental Term, the Market has been segmented Short-term and Long-term. the short-term rental segment is expected to experience significant growth. This growth can be attributed to the benefits it offers businesses in meeting seasonal demands. Short-term rental options provide suitable refrigerated vehicles on a temporary basis, allowing businesses to cater to increased demand during peak seasons without committing to long-term contracts or facing penalties.

Based on Downstream Field, the Market has been segmented Food and Beverages, Retail, and Others. the food and beverage industry stands as the largest user of refrigerated rental vehicles. These vehicles are extensively utilized for transporting perishable food items, such as fruits, vegetables, meat, and dairy products, which require precise temperature control to maintain their quality and freshness throughout the supply chain.

Regional Analysis

The Global Refrigerated Truck Rental Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Refrigerated Truck Rental Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Refrigerated Truck Rental Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Refrigerated Truck Rental Market comprises of Middle East, Africa, and Latin America.

North America boasts a strong and well-established logistics infrastructure, making it an ideal region for the demand for refrigerated rental vehicles. The food and beverage industry, along with numerous large perishable products companies, plays a significant role in driving this demand. Refrigerated rental vehicles are extensively used in North America to transport perishable food items, ensuring their freshness and quality throughout the supply chain.

In the European region, the Refrigerated Truck Rental market holds the second-largest market share. Europe is home to several significant food and beverage companies, and it boasts a well-developed logistics industry. The demand for rental refrigerated trucks in this region is primarily driven by the need to transport perishable goods like meat, fish, and dairy products efficiently.

The Asia-Pacific Refrigerated Truck Rental Market is projected to experience the fastest growth CAGR from 2023 to 2032. The Asia-Pacific region is witnessing rapid expansion in the market for refrigerated rental vehicles, with countries such as China and India leading the demand. The food and beverage industry is the primary consumer of these trucks in the region, fueled by the rising demand for processed food products and the expansion of e-commerce.

Key Findings of the Study

• The Global Refrigerated Truck Rental Market is expected to reach USD 136.4 Billion by 2032, at a CAGR of 9.5% during the forecast period.


• The robust logistics network and the presence of various industries relying on temperature-sensitive transportation contribute to the growing demand for refrigerated rental vehicles in North America.


• Based on Downstream Field, the Market has been segmented into Food and Beverages holding the largest market in 2022.


• Ryder System, Inc., Fraikin Limited, Penske Corporation, Inc., Petit Forestier, The Hertz Corporation, Polar Leasing, Inc., U-COOL Refrigeration, LLC, ReeferTek USA, Corp, KookMate, and Innocool