The global refrigerated trailer market was valued at USD 7.24 billion in 2024 and is projected to reach USD 10.32 billion by 2030, expanding at a CAGR of 6.3% from 2025 to 2030. The market’s growth is primarily driven by the increasing demand for perishable goods and the rapid expansion of e-commerce and online grocery delivery services.Despite its growth potential, the high initial cost of refrigerated trailers continues to be a major challenge. However, technological advancements in refrigeration systems and the tightening of environmental regulations are creating new opportunities for market players. The ongoing transition toward electric and energy-efficient refrigeration systems is expected to further accelerate adoption, promoting sustainability and reducing operating expenses for fleet operators.
The rising demand for perishable goods remains one of the key growth drivers for the refrigerated trailer market. The surge in online grocery shopping has led consumers to expect quick deliveries of fresh, organic, and frozen foods in optimal condition. Retailers such as Walmart and Tesco have expanded their online grocery operations, increasing the need for refrigerated trailers to transport fruits, vegetables, dairy, meat, and frozen products. Similarly, the food service industry, including restaurants and catering services, depends heavily on refrigerated transport to maintain product freshness, thus fueling the demand for advanced cold chain logistics.
Key Market Trends & Insights
• North America accounted for 38.1% of the global refrigerated trailer market in 2024.
• The U.S. held a dominant position within the region.
• By trailer type, the single-temperature segment captured the largest share at 53.2% in 2024.
• By axle type, the tandem axle segment recorded the highest revenue share in 2024.
• By power source, the diesel-powered segment led the market in 2024.
Market Size & Forecast
• 2024 Market Size: USD 7.24 Billion
• 2030 Projected Market Size: USD 10.32 Billion
• CAGR (2025–2030): 6.3%
• Leading Region (2024): North America
Leading Refrigerated Trailer Companies
• Wabash National Corporation
• Schmitz Cargobull AG
• Great Dane LLC
• Utility Trailer Manufacturing Company
• CIMC Vehicles Group Co., Ltd.
• Kögel Trailer GmbH & Co. KG
• Lamberet SAS
• Fahrzeugwerk Bernard Krone GmbH & Co. KG
• Hyundai Translead, Inc.
• Gray & Adams Ltd.
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