• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Refrigerated Trailer Market

    ID: MRFR/AM/38990-HCR
    100 Pages
    Sejal Akre
    October 2025

    Refrigerated Trailer Market Research Report By Type (Single Temperature, Multi-Temperature, Cryogenic), By Material (Aluminum, Steel, Composite, Plastic), By Application (Food and Beverage, Pharmaceuticals, Chemical, Agriculture), By End Use (Transportation, Storage, Distribution) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Refrigerated Trailer Market Infographic

    Refrigerated Trailer Market Summary

    The Global Refrigerated Trailer Market is projected to grow from 5.27 USD Billion in 2024 to 8.5 USD Billion by 2035, reflecting a steady increase in demand.

    Key Market Trends & Highlights

    Refrigerated Trailer Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 4.45% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 8.5 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 5.27 USD Billion, highlighting its current significance in the logistics sector.
    • Growing adoption of refrigerated transport solutions due to the increasing demand for perishable goods is a major market driver.

    Market Size & Forecast

    2024 Market Size 5.27 (USD Billion)
    2035 Market Size 8.5 (USD Billion)
    CAGR (2025-2035) 4.45%

    Major Players

    Thermo King Corporation, Fruehauf Trailer Corporation, Utility Trailer Manufacturing Company, Wabash National Corporation, Ferguson Trucking Company, Carrier Transicold, Schmitz Cargobull AG, Great Dane Trailers, Danfoss, Chereau, Hirschmann Automation and Control, ALPEX

    Refrigerated Trailer Market Trends

    The expansion of the food and beverage sector and the rising need for temperature-sensitive products are the main drivers of the chilled trailer market. Reliable refrigerated shipping becomes crucial as grocery chains grow their reach and consumers seek ever fresher products.

    The growth of e-commerce, where perishable goods must be delivered effectively without sacrificing quality, is another factor driving this trend.

    Manufacturers are also being encouraged to innovate and enhance current refrigerated trailer designs for improved performance and compliance by the strict regulatory standards for food safety and transportation. This market has a lot of untapped potential, particularly in light of sustainable practices and technological improvements.

    Operational efficiency can be improved by combining IoT and telematics to monitor temperature and performance. Additionally, the increased focus on environmentally friendly refrigeration options offers businesses the opportunity to create trailers with lower energy consumption and environmental effect.

    Customized solutions catering to various sectors, such as pharmaceuticals and floral logistics, also represent significant potential for growth. Recent trends indicate a shift toward automation in logistics, which can streamline the supply chain for refrigerated trailers.

    The push for more durable and lightweight materials is gaining traction, ensuring better fuel efficiency and lower operational costs.

    Moreover, the industry is leaning towards smart trailers equipped with advanced tracking systems that provide real-time data to stakeholders.

    The trend of consolidation among logistics companies may lead to increased investments in refrigerated trailers, enhancing fleet capabilities and service offerings. As these factors evolve, the market is anticipated to see robust growth driven by innovation and increasing logistical demands.

     

    The increasing demand for temperature-sensitive goods is driving innovation and expansion in the refrigerated trailer market, as logistics providers seek to enhance their cold chain capabilities.

    U.S. Department of Transportation

    Refrigerated Trailer Market Drivers

    Rising Demand for Perishable Goods

    The increasing global demand for perishable goods, such as fruits, vegetables, and dairy products, drives the Global Refrigerated Trailer Market Industry. As consumers become more health-conscious, the need for fresh produce has surged. This trend is particularly evident in regions with growing populations and urbanization, where access to fresh food is essential. The market is projected to reach 5.27 USD Billion in 2024, reflecting the necessity for efficient transportation solutions. Refrigerated trailers play a crucial role in ensuring that these perishable items maintain their quality during transit, thereby supporting the overall supply chain.

    Growth in the Cold Chain Logistics Sector

    The growth of the cold chain logistics sector is a significant driver of the Global Refrigerated Trailer Market Industry. As businesses increasingly recognize the importance of maintaining the integrity of temperature-sensitive products throughout the supply chain, investments in refrigerated transport solutions are on the rise. This sector's expansion is fueled by the increasing globalization of trade, which necessitates efficient logistics systems capable of handling perishable goods. The market's projected growth to 8.5 USD Billion by 2035 reflects the critical role that refrigerated trailers play in facilitating international trade and ensuring product quality.

    Technological Advancements in Refrigeration

    Technological innovations in refrigeration systems significantly enhance the efficiency and effectiveness of refrigerated trailers. The integration of advanced temperature control systems, energy-efficient compressors, and IoT-enabled monitoring solutions contributes to improved performance. These advancements not only reduce energy consumption but also ensure that temperature-sensitive goods are transported under optimal conditions. As the Global Refrigerated Trailer Market Industry evolves, these technologies are likely to attract investment and drive growth, with the market projected to expand at a CAGR of 4.45% from 2025 to 2035. This trend underscores the importance of innovation in meeting the demands of modern logistics.

    Regulatory Compliance and Food Safety Standards

    Stringent regulatory compliance and food safety standards are pivotal in shaping the Global Refrigerated Trailer Market Industry. Governments worldwide are implementing regulations to ensure the safe transportation of food products, which necessitates the use of refrigerated trailers. These regulations often require specific temperature controls and monitoring systems to prevent spoilage and contamination. As a result, companies are compelled to invest in modern refrigerated transport solutions to comply with these standards. This trend not only enhances food safety but also drives market growth, as businesses seek to maintain their reputation and meet consumer expectations.

    Expansion of E-commerce and Online Grocery Delivery

    The rapid expansion of e-commerce and online grocery delivery services is reshaping the logistics landscape, thereby impacting the Global Refrigerated Trailer Market Industry. As consumers increasingly prefer the convenience of online shopping, retailers are investing in refrigerated logistics to ensure timely delivery of perishable goods. This shift is particularly pronounced in urban areas, where demand for quick and reliable delivery services is high. The market is expected to grow to 8.5 USD Billion by 2035, driven by the need for efficient refrigerated transport solutions that cater to the evolving preferences of consumers.

    Market Segment Insights

    Refrigerated Trailer Market Type Insights

    The Refrigerated Trailer Market was characterized by its classification into different types, namely Single Temperature, Multi Temperature, and Cryogenic.

    The Single Temperature type, valued at 2.07 USD Billion in 2023, stood out as a dominant segment, primarily used for transporting perishable commodities that required consistent temperature maintenance throughout transit. This segment held a significant share as it addresses the needs of suppliers who demand reliable delivery of frozen or chilled products without any variation in temperature.

    Conversely, the Multi-Temperature type, with a valuation of 2.29 USD Billion in 2023, gained traction due to the flexibility it offers in carrying goods that require different temperature ranges within the same trailer. This versatility catered to a wide range of customers, allowing for the transportation of various products such as dairy, fruits, and meats simultaneously, which enhanced operational efficiency for logistics providers.

    Refrigerated Trailer Market Material Insights

    The material segment plays a crucial role in this growth, as it encompasses various materials such as Aluminum, Steel, Composite, and Plastic, each contributing uniquely to the industry. Aluminum is recognized for its lightweight and corrosion-resistant properties, making it a preferred choice for energy-efficient trailers.

    Steel, on the other hand, is known for its strength and durability, often used in heavy-duty applications, thereby catering to a different segment of demand.

    Composites offer a balance of durability and insulation, appealing to users seeking lightweight yet sturdy options, while Plastic is valued for its lower cost and ease of manufacturing. The Refrigerated Trailer Market statistics reflect that the choice of material significantly impacts the overall efficiency and reliability of refrigerated transport, influencing operational costs and fuel efficiency.

    Refrigerated Trailer Market Application Insights

    The segment remains crucial, as it ensures the freshness and safety of perishable products during transportation. The Pharmaceuticals application is also important, dominating the need for temperature-controlled logistics, as it directly impacts product efficacy and safety. The Chemical sector utilizes refrigerated trailers to transport sensitive materials that require specific temperature conditions, thereby contributing to market stability.

    Furthermore, the Agriculture application serves a significant role by facilitating the transport of fresh produce, which is vital for reducing food waste and maintaining quality. With the market growing steadily, the segmentation highlights the diverse yet interconnected nature of these applications, showcasing the necessity for effective cold chain logistics in the Refrigerated Trailer Market.

    As this market expands, it presents opportunities for innovation in temperature control technology and supply chain management, catering to the evolving demands of various industries.

    Refrigerated Trailer Market End Use Insights

    Transportation plays a crucial role as it ensures perishable goods are delivered safely and efficiently across long distances, directly impacting supply chain effectiveness. Storage is also significant, accommodating a wide range of temperature-sensitive products, which has become increasingly vital in industries such as pharmaceuticals and food services.

    Distribution complements these two by facilitating the movement of refrigerated trailers to various retail points, ensuring product availability for consumers. The growing trend of online grocery shopping and demand for fresh produce elevated the importance of these segments within the Refrigerated Trailer Market. Market growth in this area is driven by advancements in refrigeration technology and stringent regulations regarding food safety.

    However, challenges such as high operational costs and energy consumption are present. Nevertheless, opportunities remain abundant, particularly with innovations in eco-friendly technologies and efficient supply chain practices, which are likely to enhance the Refrigerated Trailer Market in the forthcoming years.

    Get more detailed insights about Refrigerated Trailer Market

    Regional Insights

    The Refrigerated Trailer Market revenue showcased diverse valuations across regions, with North America leading at 2.12 USD Billion in 2023 and projected to grow to 3.05 USD Billion by 2032, making it a dominant force, largely driven by the robust logistics sector and increased demand for temperature-sensitive goods.

    Europe followed with a notable valuation of 1.48 USD Billion in 2023 and is expected to reach 2.0 USD Billion in 2032, driven by stringent regulations on food quality and safety. The APAC region, valued at 1.1 USD Billion in 2023, will expand to 1.78 USD Billion by 2032, influenced by rapid urbanization and changing dietary preferences.

    South America represented a smaller yet significant segment, with a valuation of 0.3 USD Billion in 2023 and anticipated growth to 0.44 USD Billion by 2032, reflecting a growing transport need for fresh produce. Conversely, the MEA region, valued at 0.14 USD Billion in 2023, showed potential for growth, projected to reach 0.23 USD Billion by 2032, as investments in logistics infrastructure increase.

    The Refrigerated Trailer Market statistics indicated that each area possesses unique growth drivers, challenges, and opportunities, reflecting its strategic importance in the refrigerated transportation industry.

    Refrigerated Trailer Market Regional Insights

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Refrigerated Trailer Market is characterized by intense competition among various players who are involved in the manufacturing and development of refrigerated transportation solutions. Companies in this market focus on offering innovative products and technologies that enhance the efficiency and reliability of temperature-controlled logistics.

    The rising demand for perishable goods transportation and increased awareness of food safety regulations have propelled market growth, leading to significant investments in research and development. Competitive dynamics include the adoption of advanced insulation materials, eco-friendly refrigeration technologies, and enhanced telematics systems to monitor trailer conditions in real time.

    The strategic positioning of major companies, along with their capability to provide customized solutions, strongly influences market satisfaction and customer loyalty.

    Thermo King Corporation plays a notable role in the Refrigerated Trailer Market, leveraging its strengths in innovation and technology to secure a robust market presence. The company is recognized for its advanced temperature control solutions that enhance the efficiency of the supply chain.

    Its commitment to sustainability is reflected in the development of eco-friendly refrigeration units that cater to the growing demand for environmentally responsible products. Additionally, Thermo King's extensive distribution network and customer support services allow for strong reliability and service excellence, maintaining its competitive edge.

    The integration of intelligent transport systems within its trailer solutions showcases the company's forward-thinking approach, which further drives customer engagement and loyalty, reinforcing its position in this market.

    Fruehauf Trailer Corporation has established a significant foothold in the Refrigerated Trailer Market by focusing on high-quality construction and innovative trailer designs. The company offers a diverse range of refrigerated trailers that meet various industry requirements, ensuring versatility and reliability in transportation.

    Fruehauf's reputation for durable and efficient products is a testament to its manufacturing excellence, appealing to businesses that prioritize long-term investment. The manufacturer has successfully positioned itself to cater to both the standard and specialized needs of the market, allowing for personalized solutions tailored to varying customer demands.

    With a strong emphasis on safety features and user-friendly designs, Fruehauf Trailer Corporation continues to enhance its market presence, making strides in growth and competitiveness within the refrigerated transportation sector.

    Key Companies in the Refrigerated Trailer Market market include

    Industry Developments

    In recent developments within the Refrigerated Trailer Market, several companies have been actively expanding their capabilities and market reach. Thermo King Corporation and Carrier Transicold have been focusing on enhancing their thermal management solutions, responding to the growing demand for efficient and sustainable transport of perishable goods.

    Wabash National Corporation has reported rising sales figures, reflecting robust demand due to the expanding e-commerce sector, while Utility Trailer Manufacturing Company is investing in new production facilities to meet increased consumer needs. Additionally, Fruehauf Trailer Corporation is exploring partnerships that could enhance its product offerings and enhance supply chain solutions.

    In terms of mergers and acquisitions, both Schmitz Cargobull AG and Great Dane Trailers are rumored to be exploring potential collaborations to leverage technological advancements in refrigerated transportation.

    With ongoing advancements in temperature control technology and a heightened focus on supply chain efficiency, the market is seeing significant growth opportunities. Companies like Danfoss and Hirschmann Automation and Control are also seeking to capitalize on this trend by innovating their product lines, thereby influencing overall market dynamics.

    Future Outlook

    Refrigerated Trailer Market Future Outlook

    The Global Refrigerated Trailer Market is poised for growth at a 4.45% CAGR from 2024 to 2035, driven by rising demand for temperature-sensitive goods and advancements in refrigeration technology.

    New opportunities lie in:

    • Invest in IoT-enabled trailers for real-time temperature monitoring and enhanced supply chain efficiency. Develop eco-friendly refrigerants to meet regulatory standards and attract environmentally conscious clients. Expand into emerging markets with tailored solutions for local logistics challenges.

    By 2035, the market is expected to achieve substantial growth, reflecting evolving consumer demands and technological advancements.

    Market Segmentation

    Refrigerated Trailer Market Type Outlook

    • {""=>["Aluminum"
    • "Steel"
    • "Composite"
    • "Plastic"]}

    Refrigerated Trailer Market End Use Outlook

    • {""=>["North America"
    • "Europe"
    • "South America"
    • "Asia Pacific"
    • "Middle East and Africa"]}

    Refrigerated Trailer Market Material Outlook

    • {""=>["Food and Beverage"
    • "Pharmaceuticals"
    • "Chemical"
    • "Agriculture"]}

    Refrigerated Trailer Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Refrigerated Trailer Market Application Outlook

    • {""=>["Transportation"
    • "Storage"
    • "Distribution"]}

    Report Scope

    Report Attribute/MetricDetails
    Market Size 20224.93(USD Billion)
    Market Size 20235.14(USD Billion)
    Market Size 20327.5(USD Billion)
    Compound Annual Growth Rate (CAGR)4.28% (2024 - 2032)
    Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year2023
    Market Forecast Period2024 - 2032
    Historical Data2019 - 2023
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledThermo King Corporation, Fruehauf Trailer Corporation, Utility Trailer Manufacturing Company, Wabash National Corporation, Ferguson Trucking Company, Thermo King, Schmitz Cargobull AG, Carrier Transicold, Great Dane Trailers, Danfoss, Chereau, Hirschmann Automation and Control, ALPEX
    Segments CoveredType, Material, Application, End Use, Regional
    Key Market OpportunitiesGrowing demand for perishable goods, Expansion of cold chain logistics, Rising e-commerce and home delivery, Technological advancements in refrigeration, Increased regulations on food safety
    Key Market Dynamicsgrowing demand for perishable goods, strict food safety regulations, advances in refrigeration technology, increasing e-commerce logistics, rising transportation costs
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Leave a Comment

    FAQs

    What is the expected market size of the Refrigerated Trailer Market in 2032?

    The Refrigerated Trailer Market is expected to be valued at 7.5 USD Billion in 2032.

    What is the estimated CAGR for the Refrigerated Trailer Market from 2024 to 2032?

    The estimated CAGR for the Refrigerated Trailer Market from 2024 to 2032 is 4.28%.

    Which region is projected to have the largest market size in 2032?

    North America is projected to have the largest market size, valued at 3.05 USD Billion in 2032.

    Which type of refrigerated trailers is expected to have the highest market value in 2032?

    The Multi-Temperature refrigerated trailers are expected to have the highest market value at 3.29 USD Billion in 2032.

    What was the market size for Single Temperature refrigerated trailers in 2023?

    The market size for Single Temperature refrigerated trailers in 2023 was valued at 2.07 USD Billion.

    Who are the major players in the Refrigerated Trailer Market?

    Major players in the Refrigerated Trailer Market include Thermo King Corporation, Fruehauf Trailer Corporation, and Wabash National Corporation.

    How much is the Refrigerated Trailer Market in the APAC region valued at in 2032?

    The Refrigerated Trailer Market in the APAC region is valued at 1.78 USD Billion in 2032.

    What is the projected market value for Cryogenic refrigerated trailers in 2032?

    The projected market value for Cryogenic refrigerated trailers in 2032 is 1.16 USD Billion.

    What was the market value for Europe in 2023?

    The market value for Europe in 2023 was valued at 1.48 USD Billion.

    What are the challenges facing the Refrigerated Trailer Market?

    Challenges include fluctuating fuel prices and stringent regulations affecting transportation logistics.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $5,950 $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization
    Direct Access to Analyst
    Deliverable Format
    Platform Access
    Discount on Next Purchase 10% 15% 15%
    Printable Versions