Reefer Trucks - Global Strategic Business Report

The global market for Reefer Trucks was estimated at US$10.2 Billion in 2024 and is projected to reach US$15.8 Billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Reefer Trucks market.

Global 'Reefer Trucks' Market - Key Trends & Drivers Summarized

Are Reefer Trucks Becoming Critical Infrastructure For The Global Cold Chain?

Refrigerated trucks, or reefer trucks, are increasingly vital in the transportation of perishable goods, especially as global demand for fresh food, pharmaceuticals, and temperature-sensitive commodities surges. These vehicles are key enablers of cold chain logistics, ensuring consistent temperature control from origin to destination. With e-commerce expanding into food and healthcare, reefer trucks are also evolving from bulk delivery units to agile, city-scale distribution vehicles. As consumers demand fresher produce and ready-to-eat meals, and pharmaceutical supply chains grow more stringent, reefer fleets are becoming indispensable in modern logistics ecosystems.

How Is Technology Improving Efficiency And Compliance In Reefer Trucks?

Telematics, IoT, and real-time temperature monitoring are revolutionizing reefer truck operations. GPS tracking, remote diagnostics, and automated climate control ensure temperature consistency, route optimization, and regulatory compliance. New refrigeration technologies like hybrid-electric units, cryogenic cooling, and solar-assisted power are improving energy efficiency and reducing emissions. Cold chain compliance frameworks such as GDP (Good Distribution Practice) and FSMA (Food Safety Modernization Act) are pushing for better monitoring and audit trails, which advanced reefer systems are now built to provide. These technologies make modern reefer trucks smarter, cleaner, and more accountable.

Which Sectors Are Fueling Global Demand For Refrigerated Transportation?

The food and beverage sector especially dairy, seafood, meat, and frozen goods is the largest user of reefer trucks, ensuring freshness and minimizing spoilage. Pharmaceuticals and biotech firms rely on reefer fleets for vaccine transport, biologics, and temperature-controlled medications. The rise in home delivery and direct-to-consumer grocery services is also driving urban reefer demand. Retailers and restaurant chains use reefers for replenishing cold inventories across regional hubs. Cold chain expansion in emerging economies, backed by infrastructure development, is further increasing the demand for reefer vehicles in agribusiness and healthcare.

What's Powering Growth In The Reefer Truck Market Worldwide?

The growth in the reefer truck market is driven by rising demand for perishable goods transport, advancements in refrigeration technology, and stricter regulatory standards. Technological innovation in tracking, fleet telematics, and eco-friendly cooling solutions is enhancing logistics efficiency. End-use growth is propelled by global e-commerce in food and pharma, as well as expansion of cold storage networks. Public health initiatives and government support for rural vaccine outreach are also increasing reefer penetration. Additionally, the trend toward urban micro-fulfillment centers and last-mile refrigerated delivery is reinforcing long-term market demand.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Light Commercial Vehicles segment, which is expected to reach US$8.9 Billion by 2030 with a CAGR of a 7.3%. The Medium Commercial Vehicles segment is also set to grow at 8.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $2.8 Billion in 2024, and China, forecasted to grow at an impressive 11.8% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Reefer Trucks Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Reefer Trucks Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Reefer Trucks Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as C.H. Robinson Worldwide, Inc., China International Marine Containers (Group) Ltd., Daikin Industries, Ltd., Emerald Transportation Solutions, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 37 companies featured in this Reefer Trucks market report include:

• C.H. Robinson Worldwide, Inc.
• China International Marine Containers (Group) Ltd.
• Daikin Industries, Ltd.
• Emerald Transportation Solutions
• FedEx Corporate Services, Inc.
• Great Dane LLC
• GRW Tankers and Trailers
• Hyundai Motor Company
• Ingersoll Rand Inc.
• Kögel Trailer GmbH & Co.KG
• Krone Commercial Vehicle Group
• Lamberet SAS
• Schenker AG
• Schmitz Cargobull AG
• Singamas Container Holdings Limited
• Thermo King Corporation
• Utility Trailer Manufacturing Company
• Wabash National Corporation
• Xiamen KingClima Industry Co., Ltd.
• Zanotti S.p.A.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.