Global Refrigerated Trailer Market Size To Exceed USD 13.20 Billion By 2035 | CAGR of 5.66%
Category: Information & TechnologyGlobal Refrigerated Trailer Market Size To Exceed USD 13.20 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Refrigerated Trailer Market is Expected to Grow from USD 7.20 Billion in 2024 to USD 13.20 Billion by 2035, at a CAGR of 5.66% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 150 Market data tables and figures & charts from the report on the " Global Refrigerated Trailer Market Size, Share, and COVID-19 Impact Analysis, By Trailer (Single-Temperature and Multi-Temperature), By Axle (Single Axle, Tandem Axle, and Triple Axle), By Power Source (Diesel-Powered, Electric-Powered, and Solar-Assisted), By End Use (Food & Beverage, Healthcare, Retail & E-Commerce, and Logistics & Transportation), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/refrigerated-trailer-market
The refrigerated trailer market refers to a temperature-controlled transport device designed to safeguard perishable or fragile goods during transportation. With the use of insulated walls and an onboard refrigeration system, it keeps its interior temperature steady regardless of the weather. The market growth is driven by the increased need for cold chain logistics. Investments in state-of-the-art temperature-controlled systems are being driven by worries about e-commerce and food safety. Technological innovations, including energy-efficient devices and Internet of Things-enabled monitoring, are improving trailer performance and operating efficiency. Strict regulatory restrictions further promote the shift to reliable refrigerated transportation. As the food and beverage sector grows, so does the need for timely, fresh product delivery. However, the market growth is hindered by the large maintenance and high costs.
The single temperature segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the trailer, the refrigerated trailer market is divided into single-temperature and multi-temperature. Among these, the single temperature segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growth is driven by the growing demand for perishable goods, strict supply chain laws demanding temperature control, and the growth of e-commerce are all drivers propelling the industry. The need for efficient transportation of products that require constant, uniform temperatures, such as dairy, animal products, and medications, is also contributing to this trend.
The tandem axle segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the axle, the refrigerated trailer market is divided into single axle, tandem axle, and triple axle. Among these, the tandem axle segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. The segmental growth is due to the increasing demand for high-capacity trailers, the need for more stability during travel, and the expanding consumer desire for advanced handling systems. Performance and safety are enhanced by tandem axles' improved weight distribution. Due to firms' attempts to integrate advanced suspension systems, stabilize cars, and enhance load capacity, the tandem axle market is growing.
The diesel-powered segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the power source, the refrigerated trailer market is divided into diesel-powered, electric-powered, and solar-assisted. Among these, the diesel-powered segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. The segmental growth is due to its extensive refueling network, affordability for long-distance transportation, and proven reliability. Diesel-powered refrigerated trailers, as opposed to electric ones, are well known for their robust performance, especially in harsh conditions, and their ability to operate continuously for extended periods without needing to be recharged. The large number of diesel fueling stations worldwide, particularly in places with limited access to infrastructure for electric charging, ensures simple operation.
The food and beverage segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the end use, the refrigerated trailer market is divided into food & beverage, healthcare, retail & e-commerce, and logistics & transportation. Among these, the food and beverage segment accounted for the largest share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. The segmental growth is due to the increasing demand for perishable goods, the growth of global supply chains, and the rise of online meal delivery. For instance, the expansion of grocery and food delivery e-commerce platforms like Walmart and Amazon Fresh has raised the need for reliable refrigerated transport systems to maintain product freshness across the supply chain.
North America is expected to hold the majority share of the global refrigerated trailer market during the forecast period.
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North America is expected to hold the majority share of the global refrigerated trailer market during the forecast period. The rapid growth of e-commerce and online grocery shopping has boosted the region's need for refrigerated trailers to transport perishable goods. Businesses are also being encouraged to employ more ecologically friendly chilled transportation options, such as electric-powered trailers, by stricter environmental regulations, including California's LEV program and upcoming zero-emission requirements.
Asia Pacific is anticipated to grow at the fastest pace in the global refrigerated trailer market during the forecast period. The rapidly expanding food export industry in the area is particularly noticeable in countries like China, India, and Southeast Asia. The region is witnessing a move toward improving cold chain operations with the aid of government efforts such as India's National Cold Chain Policy, which aims to improve transportation and storage infrastructure and reduce food wastage. The growing demand for temperature-sensitive products, such as chemicals and pharmaceuticals, is also helping the industry. The fast growth of e-commerce platforms in Southeast Asia has led to an increasing demand for dependable last-mile cold delivery solutions.
Major vendors in the global refrigerated trailer market are Wabash National Corporation, Gray & Adams Ltd., Schmitz Cargobull AG, Hyundai Translead, Inc., Great Dane LLC, Fahrzeugwerk Bernard Krone GmbH & Co. KG, Utility Trailer Manufacturing Company, Lamberet SAS, CIMC Vehicles Group Co., Ltd., Kögel Trailer GmbH & Co. KG, Carrier Transicold, Manac, Thermo King, Singamas Container, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2025, Utility Trailer and Cargobull North America have launched new upgrades to their hybrid refrigerated trailers, including a tiny microchannel condenser and a Load-Dividing Bulkhead option. The redesigned condenser improves thermal efficiency and cooling performance on the 625MT and 655MT versions.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the refrigerated trailer market based on the below-mentioned segments:
Global Refrigerated Trailer Market, By Trailer
- Single-Temperature
- Multi-Temperature
Global Refrigerated Trailer Market, By Axle
- Single Axle
- Tandem Axle
- Triple Axle
Global Refrigerated Trailer Market, By Power Source
- Diesel-Powered
- Electric-Powered
- Solar-Assisted
Global Refrigerated Trailer Market, By End Use
- Food & Beverage
- Healthcare
- Retail & E-Commerce
- Logistics & Transportation
Global Refrigerated Trailer Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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