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    China Refrigerated Truck Rental Market

    ID: MRFR/PNT/46796-HCR
    200 Pages
    Chitranshi Jaiswal
    September 2025

    China Refrigerated Truck Rental Market Research Report: By Truck (Light, Medium, Heavy), By Rental Term (Short-term, Long-term) andBy Downstream Field (Food, Beverages, Retail, Others)- Forecast to 2035

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    China Refrigerated Truck Rental Market Summary

    The China Refrigerated Truck Rental market is poised for substantial growth, expanding from 3.96 USD Billion in 2024 to 32.5 USD Billion by 2035.

    Key Market Trends & Highlights

    China Refrigerated Truck Rental Key Trends and Highlights

    • The market is projected to grow at a compound annual growth rate of 21.1 percent from 2025 to 2035.
    • By 2035, the market valuation is expected to reach 32.5 USD Billion, indicating robust demand.
    • In 2024, the market is valued at 3.96 USD Billion, reflecting a strong foundation for future growth.
    • Growing adoption of refrigerated transportation due to increasing demand for perishable goods is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.96 (USD Billion)
    2035 Market Size 32.5 (USD Billion)
    CAGR (2025-2035) 21.1%

    Major Players

    Meituan, SF Express, Yunda Express, Aneng Logistics, Sinotrans, DHL Supply Chain, Cainiao Network, Lalamove, Shentong Express, Best Logistics, XPO Logistics, JD Logistics, YTO Express, SinoTrans, ZTO Express

    China Refrigerated Truck Rental Market Trends

    The China Refrigerated Truck Rental Market is reflecting significant trends driven by the rise in e-commerce and cold chain logistics. With the increased demand for perishable goods, particularly fresh produce and pharmaceuticals, businesses seek reliable refrigerated transportation solutions. The Chinese government has placed emphasis on enhancing cold chain infrastructure, which catalyzes the need for refrigerated trucks.

    Moreover, advancements in technology, such as IoT and telematics, are becoming more prevalent, providing greater efficiency and real-time tracking of shipments, thereby increasing operational transparency and quality assurance.Opportunities in this market primarily stem from the growing focus on food safety standards and regulatory compliance in China. With stricter regulations regarding the transport of food products, businesses have a heightened need for reliable refrigerated transport services. Additionally, urbanization in major cities is driving a shift toward rental services as companies prefer to avoid ownership costs and operational burdens associated with maintenance and asset management.

    This trend offers significant potential for rental companies to grow their market share. In recent times, environmental concerns have also become influential, with a notable shift towards eco-friendly transportation solutions.As the government promotes sustainable practices, refrigerated truck rentals that utilize energy-efficient technology may see a substantial increase in demand. Furthermore, as the logistics industry adapts to changing consumer preferences, flexibility in rental contracts and service offerings is becoming essential. This trend indicates a move towards customization and tailored solutions, allowing companies to better meet their customer’s needs in the fast-evolving chilled goods market in China.

    Market Segment Insights

    Refrigerated Truck Rental Market Truck Insights

    The Truck segment in the China Refrigerated Truck Rental Market is significant and showcases a robust potential for growth. This segment serves a critical role in the transportation of perishable goods, ensuring that products such as dairy, meat, and pharmaceuticals maintain optimal temperature control throughout their journey. The overall demand for refrigerated trucking services in China is on the rise, driven by the expanding e-commerce sector, increasing consumer demand for fresh food, and stricter governmental regulations concerning food safety and quality.

    The market dynamics are influenced by the growing urban population and rapid industrialization that contribute to the demand for efficient logistics services.

    Within the Truck segment, the differentiation between Light, Medium, and Heavy trucks highlights the versatility required to meet various logistical needs in China. Light trucks are often utilized for last-mile delivery in urban areas where access may be restricted. Their compact size allows for navigation in densely populated locations, making them essential for quick distribution of goods. On the other hand, Medium trucks cater to a broader range of applications, serving both urban and semi-urban routes and allowing for increased payload capacity, which is significant for wholesalers and distributors.

    Heavy trucks dominate long-haul transportation due to their ability to carry larger quantities over greater distances, making them vital for connecting remote regions to major cities.

    Factors such as technological advancements in refrigeration methods and increasing fuel efficiency are enhancing operational capabilities within this segment. Moreover, growing concerns about environmental sustainability are prompting the adoption of eco-friendly and energy-efficient refrigerated trucks, further driving the market’s evolution. The importance of this segment is also underscored by the supporting infrastructure, including cold storage facilities and temperature-controlled warehouses, which together ensure a seamless cold chain process.

    Refrigerated Truck Rental Market Rental Term Insights

    The Rental Term segment within the China Refrigerated Truck Rental Market reveals distinct characteristics and varied applications, primarily divided into Short-term and Long-term rental options. Short-term rentals are particularly favored by businesses needing flexible, cost-effective solutions for seasonal demands or one-off distributions, such as during festivals or large events. This segment benefits from China’s growing e-commerce landscape, which increasingly requires rapid response and adaptability in logistics.

    Conversely, Long-term rentals cater to companies with sustained logistics needs, providing a steady operational framework for temperature-sensitive goods like pharmaceuticals and perishables.The significance of these options lies in offering tailored solutions that align with diverse supply chain models, driven by advancements in technology and increasing consumer expectations for timely deliveries. The dynamics of urbanization and infrastructural development in China further contribute to the evolution of these rental terms, enhancing the overall efficacy and efficiency of refrigerated transport services.

    As these trends continue to mature, the Rental Term segment will play a pivotal role in shaping the competitive landscape of the China Refrigerated Truck Rental Market.

    Refrigerated Truck Rental Market Downstream Field Insights

    The Downstream Field of the China Refrigerated Truck Rental Market plays a vital role in ensuring that temperature-sensitive goods are transported efficiently across the vast distribution networks within the country. This segment encompasses various industries, including food, beverages, retail, and others, each demonstrating unique logistics requirements. The food industry, particularly, is crucial as it necessitates maintaining strict temperature controls to preserve freshness, thus fostering the demand for refrigerated rentals.

    Get more detailed insights about China Refrigerated Truck Rental Market Research Report - Forecast by 2035

    Key Players and Competitive Insights

    The China Refrigerated Truck Rental Market presents a dynamic landscape characterized by intense competition and diverse offerings tailored to meet the rising demand for temperature-controlled logistics. The growing necessity for efficient delivery of perishable goods such as food, pharmaceuticals, and other temperature-sensitive products has spurred the proliferation of rental services in this sector. Companies are continuously adapting their strategies, investing in advanced refrigeration technologies, and enhancing their fleet management systems to capture market share.

    Additionally, the entry of new players and the expansion of existing ones into various regions of China highlight the competitive nature of this market, where factors like service quality, pricing, and fleet reliability play crucial roles in establishing a competitive edge.Meituan has established itself as a formidable player within the China Refrigerated Truck Rental Market, leveraging its extensive logistics network and innovative services. Known primarily for its delivery platforms, Meituan has diversified its offerings to include temperature-controlled transport solutions, ensuring that food and other perishables are delivered at optimal conditions.

    The company's strengths lie in its advanced technology-driven logistics operations, enabling real-time tracking and efficient route planning. Through strategic partnerships and investments, Meituan has positioned itself to expand its presence in urban areas where demand for refrigerated transport is surging, thereby enhancing its competitive standing in the market.SF Express has carved out a significant niche within the China Refrigerated Truck Rental Market by offering a range of temperature-sensitive logistics solutions tailored to various industries. The company boasts a comprehensive fleet equipped with state-of-the-art refrigeration technology, ensuring compliance with stringent food safety standards for perishables.

    SF Express strengthens its market presence through an extensive distribution network that enables rapid service delivery. The company's strategic mergers and acquisitions further bolster its position in the market by expanding capabilities and service offerings. Key products include refrigerated transportation for pharmaceuticals, fresh produce, and other perishable goods, showcasing SF Express's commitment to quality logistics solutions. With a focus on innovation and customer-centric services, SF Express continues to thrive in this competitive landscape, maintaining its reputation as a reliable choice for refrigerated transport in China.

    Key Companies in the China Refrigerated Truck Rental Market market include

    Industry Developments

    The China Refrigerated Truck Rental Market has seen significant activity recently, particularly due to the growing demand for cold chain logistics driven by e-commerce and the food sector. Companies like Meituan, SF Express, and JD Logistics are expanding their refrigerated vehicle fleets to enhance delivery efficiency. In September 2023, YTO Express announced a partnership with Aneng Logistics to improve cold storage solutions, enhancing their reach in the perishable goods segment.

    Growth in this market has been evident, with estimates showing a robust valuation increase of around 20% year-on-year as of October 2023, attributed to rising consumer demand for quality food products. The market landscape has also been affected by competitive strategies, as Cainiao Network and ZTO Express are investing heavily in tech-driven solutions for refrigerated transport. In terms of mergers, Best Logistics completed an acquisition of a regional player in May 2023, thereby bolstering its operational capacity in the cold chain segment.

    Regulatory changes regarding food safety in China have further impacted operational protocols, prompting companies like Sinotrans and DHL Supply Chain to adapt their service offerings accordingly.

    Market Segmentation

    Outlook

    • Food
    • Beverages
    • Retail
    • Others

    Refrigerated Truck Rental Market Truck Outlook

    • Light
    • Medium
    • Heavy

    Refrigerated Truck Rental Market Rental Term Outlook

    • Short-term
    • Long-term

    Refrigerated Truck Rental Market Downstream Field Outlook

    • Food
    • Beverages
    • Retail
    • Others

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 3.96(USD Billion)
    MARKET SIZE 2024 4.34(USD Billion)
    MARKET SIZE 2035 32.54(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 20.106% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Meituan, SF Express, Yunda Express, Aneng Logistics, Sinotrans, DHL Supply Chain, Cainiao Network, Lalamove, Shentong Express, Best Logistics, XPO Logistics, JD Logistics, YTO Express, SinoTrans, ZTO Express
    SEGMENTS COVERED Truck, Rental Term, Downstream Field
    KEY MARKET OPPORTUNITIES Growing demand for fresh produce, Expansion of e-commerce logistics, Enhanced cold chain infrastructure, Rising urbanization and population, Increased government support initiatives
    KEY MARKET DYNAMICS growing demand for fresh produce, increasing e-commerce logistics, government regulations on food safety, rising consumer preference for convenience, expansion of cold chain infrastructure
    COUNTRIES COVERED China

    FAQs

    What is the expected market size of the China Refrigerated Truck Rental Market in 2024?

    The market is expected to be valued at 4.34 USD Billion in 2024.

    What is the projected market size for the China Refrigerated Truck Rental Market in 2035?

    In 2035, the China Refrigerated Truck Rental Market is projected to reach a value of 32.54 USD Billion.

    What is the expected compound annual growth rate (CAGR) for the China Refrigerated Truck Rental Market from 2025 to 2035?

    The expected CAGR for the China Refrigerated Truck Rental Market is 20.106% from 2025 to 2035.

    Which segment of refrigerated trucks is anticipated to hold the largest market share by 2035?

    The Light Truck segment is expected to hold the largest market share, valued at 13.0 USD Billion by 2035.

    What is the value of the Medium Truck segment in the China Refrigerated Truck Rental Market for the year 2024?

    The Medium Truck segment is valued at 1.2 USD Billion in 2024.

    Who are the key players in the China Refrigerated Truck Rental Market?

    Major players include Meituan, SF Express, Yunda Express, and Sinotrans among others.

    What is the expected growth rate for the Heavy Truck segment from 2024 to 2035?

    The Heavy Truck segment is expected to grow from 1.34 USD Billion in 2024 to 10.54 USD Billion by 2035.

    What are some key applications driving the growth of the China Refrigerated Truck Rental Market?

    Key applications include logistics for perishable goods, food distribution, and pharmaceutical transport.

    What opportunities exist in the China Refrigerated Truck Rental Market by 2035?

    Emerging opportunities include advancements in temperature-controlled logistics and increased demand from e-commerce.

    What challenges might impact the China Refrigerated Truck Rental Market in the coming years?

    Challenges may include fluctuating fuel prices and regulatory requirements on transport safety standards.

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    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials