Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Refrigerated Trailer Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Refrigerated Trailer Market Growth?
The market size of the global refrigerated trailer market has experienced significant growth recently. In 2024, the market was valued at $6.52 billion and it is expected to reach $6.93 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
What Is the Predicted Industry Size and CAGR of the Refrigerated Trailer Market in 2029?
The Refrigerated Trailer Global Market Report 2025 market is projected to reach a size of $8.92 billion in 2029, with a compound annual growth rate (CAGR) of 6.5%.
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Which Factors Are Driving Growth in the Refrigerated Trailer Market?
The key drivers in the refrigerated trailer market are:
• Rising popularity of online grocery shopping and the associated need for cold storage transport
• Increased consumption of frozen foods increasing demand for refrigerated transport
• Growing awareness towards food wastage fueling the need for proper cold storage transport
• Technological advancements in cold chain technology, specifically in energy-efficient and eco-friendly refrigeration systems.
Which Segment Trends Are Covered in the Refrigerated Trailer Market Forecast?
The refrigerated trailer market covered in this report is segmented –
1) By Type: Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), Heavy Commercial Vehicle (HCV)
2) By Tonnage Capacity: Less Than 10 Tons, 10 To 20 Tons, More Than 20 Tons
3) By Application: Food And Beverages, Pharmaceuticals, Chemicals, Other Applications
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What Are the Current Market Trends in the Refrigerated Trailer Industry?
The key trends in the refrigerated trailer market are:
• Major investments in cold chain technologies are shaping the future of the refrigerated trailer market.
• Technological advancements, particularly in advanced freezing technologies, are playing a crucial role.
• Innovations leading to the adoption of fuel-efficient practices in industrial freezing systems are an emerging trend.
• The development and use of eco-friendly refrigeration systems is becoming increasingly prevalent.
Who are the Key Companies in the Refrigerated Trailer Market?
Major players in the refrigerated trailer market are:
• Mitsubishi Heavy Industries Thermal Systems Ltd.
• Daikin Industries Ltd.
• Carrier Transicold
• Ingersoll Rand
• Wabash National Corporation
• Schmitz Cargobull AG
• Great Dane LLC
• Thermo King Corporation
• Randon SA Implementos e Participacoes
• Manac Inc.
• Hyundai Translead Inc.
• Lamberet Refrigerated SAS
• Gray & Adams Holdings Ltd.
• Fontaine Trailer Company
• Vanguard National Trailer Corporation
• Montracon Ltd.
• Zanotti S.p.A.
• Utility Trailer Manufacturing Company
• Klinge Corporation
• Fahrzeugwerk Bernard KRONE GmbH
• Kögel GmbH
• Dorsey Intermodal
What are the Regional Trends Across the Refrigerated Trailer Market?
North America was the largest region in the refrigerated trailer market in 2024
