Refrigerated Trailer Market Size and Share

Refrigerated Trailer Market (2025 - 2030)
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Refrigerated Trailer Market Analysis by Mordor Intelligence

The refrigerated trailer market stood at USD 7.49 billion in 2025 and is predicted to reach USD 10.47 billion by 2030, advancing at a 6.93% CAGR. E-commerce grocery fulfillment, rigorous food-safety mandates, and shifting toward electric refrigeration platforms fuel growth. The refrigerated trailer market continues to benefit from indispensable infrastructure needs that span pharmaceuticals, fresh produce, and animal protein distribution, shielding demand during macro-economic slowdowns. Competitive strategies now revolve around telematics integration, subscription-based asset services, and low-GWP refrigerants that meet tightening environmental rules. Simultaneously, large fleet operators accelerate equipment replacement cycles to comply with California Air Resources Board (CARB) and European F-Gas regulations. At the same time, emerging economies scale cold-chain capacity to serve urbanizing populations.

Key Report Takeaways

  • By product type, frozen food trailers captured 55.26% of the refrigerated trailer market share in 2024; chilled food trailers are projected to expand at an 8.71% CAGR to 2030.
  • By trailer length, units above 49 feet held 52.57% of the refrigerated trailer market share in 2024, while trailers up to 28 feet recorded the fastest 8.42% CAGR through 2030.
  • By power source, diesel ICE platforms accounted for 65.13% of the refrigerated trailer market size in 2024; full-electric systems are forecast to grow at an 11.79% CAGR between 2025 and 2030.
  • By end user, meat and seafood led with 39.28% of the refrigerated trailer market share in 2024; pharmaceuticals and life sciences represent the fastest-growing application at a 7.31% CAGR.
  • By geography, North America commanded 39.74% of the refrigerated trailer market share in 2024, whereas Asia-Pacific is set to climb at a 9.28% CAGR through the forecast horizon.

Segment Analysis

By Product Type: Frozen Dominance Meets Chilled Growth

Frozen trailers controlled 55.26% of the refrigerated trailer market size in 2024 thanks to meat, seafood, and ready-meal logistics that demand sub-zero integrity. Operators justify higher insulation and dual-compressor systems because cargo values routinely exceed USD 100,000 per load. Conversely, chilled trailers are forecast to post an 8.71% CAGR through 2030 as online grocery and pharmaceutical biologics require 36 °F to 46 °F stability, prompting fleets to invest in multi-zone liners and rapid-cool evaporators.

Technological convergence blurs boundaries: Great Dane’s Everest platform allows operators to toggle between frozen and chilled modes via variable-speed compressors and movable bulkheads. CARB’s low-GWP mandates favor refrigerants effective across a broad temperature envelope, nudging OEMs to design flexible systems. As fresh-produce lead times tighten, carriers increasingly seek trailers that pivot between strawberries today and ice cream tomorrow without risking thermal leakage

Refrigerated Trailer Market: Market Share by Product Type
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Trailer Length: Long-Haul Leadership Versus Urban Agility

Trailers exceeding 49 feet held 52.57% of 2024 revenue, reflecting economies of scale on interstate lanes where dock doors and cross-docks standardize around 53-foot assets. The segment’s endurance owes much to predictable cube utilization and reduced trips per ton-mile. Meanwhile, trailers up to 28 feet log the fastest 8.42% CAGR as city logistics mount congestion rules that penalize oversized rigs.

Municipal delivery windows prefer vehicles capable of tight-radius turns and curbside docking; smaller refrigerated bodies therefore capture e-grocery and meal-kit traffic in Chicago, Paris, and Singapore. Hybrid fleets mix 48-foot linehaul units feeding urban depots served by 28-foot satellites, echoing hub-and-spoke air-cargo logic. OEMs answer with modular refrigeration packages adaptable across chassis lengths, allowing fleet managers to consolidate parts inventories.

By Refrigeration Power Source: Diesel Incumbency Faces Electric Disruption

Diesel ICE solutions represented 65.13% of 2024 shipments, underpinned by mature fueling infrastructure and technician familiarity. Operating cost predictability and rapid refueling keep diesel appealing on 2,500-mile cross-country legs. Yet full-electric systems are projected to grow 11.79% annually as CARB and EU emission ceilings tighten. Incentives like California’s HVIP shave upfront costs, while battery density has climbed above 260 Wh/kg, enabling 12-hour cold-soak endurance.

Hybrid and cryogenic variants serve bridge markets; for example, liquid-nitrogen systems cut noise for overnight urban deliveries but face refilling-station scarcity. Thermo King’s Advancer electrifies the compressor but retains a Tier 4 generator, offering carriers a compliance hedge until charging networks mature. As lithium prices normalize and renewable share rises in grid mixes, total-life emissions recalculations favor electric TRUs.

Refrigerated Trailer Market: Market Share by Refrigeration Power Source
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By End User: Protein Dominance Meets Pharma Growth

Meat and seafood accounted for 39.28% of 2024 revenue, riding global protein demand and stringent pathogen-control norms that necessitate −4 °F setpoints. Consolidation among processors yields high-volume contracts that underpin fleet asset utilization. Pharmaceuticals and life sciences, projected at a 7.31% CAGR, galvanize demand for ±2 °F precision plus 24/7 telematics with audit trails, creating pricing latitude for premium features.

Dairy and fresh produce maintain mid-single-digit growth underpinned by health-conscious diets, while bakery and confectionery require seasonal surge capacity for holiday shipping. FDA GDP guidelines push pharma shippers to specify redundant power modules and door-opening analytics. These features trickle down to food segments over time, lifting the refrigerated trailer market’s overall technology baseline.

Geography Analysis

North America leads the refrigerated trailer market with a 39.74% revenue share in 2024, anchored by robust interstate highways, warehouse automation, and FSMA rules that obligate digital temperature logs. Core demand averages 44,000 units per year, with 2025 orders rebounding after a brief 2024 dip caused by chassis delays. Fleets adopt subscription models and electric TRUs to satisfy retailer ESG scorecards, while telematics penetration surpasses 70%, enabling predictive maintenance and route optimization.

Asia-Pacific records the fastest regional growth at a 9.28% CAGR, propelled by investments such as JBS’s USD 100 million Vietnamese meat hub and rapid urbanization that elevates per-capita cold-chain spending. Local assembly lines reduce import duties, making compliant trailers more affordable for regional fleets. Government subsidies in China and India for agricultural cold storage indirectly stimulate trailer demand, and ride-hailing platforms experiment with shared-capacity cold vans, signaling potential modal convergence.

Europe maintains steady expansion as the revised F-Gas Regulation spurs replacement of high-GWP R404A systems with natural refrigerants like CO₂ and propane, especially in Germany, France, and the Nordics. Total cost-of-ownership calculations favor fully electric trailers on dense distribution routes with ample shore power. Emerging markets in Latin America and Africa follow with infrastructure projects funded by development banks, though currency volatility tempers fleet investment pacing.

Refrigerated Trailer Market CAGR (%), Growth Rate by Region
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Analysis on Important Geographic Markets
Download PDF

Competitive Landscape

Established OEMs such as Wabash National, Great Dane, and Utility command brand recognition and deep dealer footprints. However, the market remains moderately fragmented. Strategic differentiation centers on telematics, with Great Dane bundling FleetPulse sensors that deliver real-time tire, brake, and temperature data. Wabash National extends the value proposition through Trailers-as-a-Service, converting capital expense into a managed subscription that includes preventative maintenance.

Electrification intensifies rivalry as diversified industrials like Carrier and Trane Technologies cross-pollinate HVAC R&D into transport applications. Partnerships between trailer builders and e-power specialists multiply; TIP Group’s three-party alliance with SolarEdge and Mitsubishi Heavy Industries pioneers solar-assisted battery charging, signaling vertical integration opportunities. Midsize challengers carve cryogenic or hydrogen fuel-cell refrigeration niches, whereas Asian entrants leverage cost advantages to gain share in price-sensitive markets.

Service ecosystems grow in importance: OEMs expand parts depots and mobile repair coverage to guarantee uptime, while predictive analytics platforms monetize data through performance-based contracts. Regulatory compliance capability becomes a moat; manufacturers are able to certify equipment across CARB, EPA, and EU F-Gas standards and lock in multi-region fleet deals. Intellectual-property development skews toward battery management, thermal insulation composites, and low-GWP refrigerant circuits, reinforcing the knowledge barrier for new entrants.

Refrigerated Trailer Industry Leaders

  1. Wabash National Corporation

  2. Great Dane LLC.

  3. Utility Trailer Manufacturing Company

  4. Schmitz Cargobull AG

  5. Fahrzeugwerk Bernard Krone GmbH

  6. *Disclaimer: Major Players sorted in no particular order
Refrigerated Trailer Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • February 2024: Thermo King, renowned for its sustainable transport temperature control solutions and a key brand under global climate innovator Trane Technologies, has unveiled its latest telematics offering: the TracKing® Smart Trailer. This platform promises enhanced visibility into trailer health and cargo operations. Building on the foundation of the existing TracKing® Pro telematics, the new platform equips fleet operators with a comprehensive toolset to oversee trailers, cargo, and reefers.
  • October 2024: AAA Trailers has unveiled a new lineup of refrigerated trailers tailored for operators throughout Australia. Equipped with advanced cooling technology from Thermo King and boasting road train ratings, these trailers are engineered to endure Australia's challenging conditions, all while integrating sustainable features for future savings.

Table of Contents for Refrigerated Trailer Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Demand for E-Commerce-Driven Last-Mile Cold Chain Deliveries
    • 4.2.2 Stricter Food-Safety Regulations Mandating Temperature Logging and Traceability
    • 4.2.3 Shift Toward Diesel-Free Hybrid and Fully Electric Transport Refrigeration Units (Zetrus)
    • 4.2.4 Rapid Cold-Chain Build-Out in Emerging Asia-Pacific and African Economies
    • 4.2.5 Fleet Data Analytics Enabling Predictive Maintenance and Uptime Gains
    • 4.2.6 ESG-Driven Investor Pressure Accelerating Fleet Modernization
  • 4.3 Market Restraints
    • 4.3.1 High Upfront Cost Premium of Electric / Hybrid TRUs Vs. Diesel
    • 4.3.2 Limited Charging and Shore-Power Infrastructure Along Long-Haul Corridors
    • 4.3.3 Chronic Driver Shortage Constraining Refrigerated Capacity
    • 4.3.4 Volatile HFC Phase-Down Legislation Creating Technology Uncertainty
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. Market Size & Growth Forecasts (Value (USD) and Volume (Units))

  • 5.1 By Product Type (Temperature Class)
    • 5.1.1 Frozen Food Trailers
    • 5.1.2 Chilled Food Trailers
  • 5.2 By Trailer Length / Capacity
    • 5.2.1 Up to 28 ft (Pup and City)
    • 5.2.2 29 - 49 ft (Standard)
    • 5.2.3 Above 49 ft (Long-haul / 53 ft)
  • 5.3 By Refrigeration Power Source
    • 5.3.1 Diesel ICE Units
    • 5.3.2 Diesel-Electric Hybrids
    • 5.3.3 Full-Electric / Battery-Powered Units
    • 5.3.4 Cryogenic and Alt-Fuel Units
  • 5.4 By End User
    • 5.4.1 Dairy Products
    • 5.4.2 Fruits and Vegetables
    • 5.4.3 Meat and Seafood
    • 5.4.4 Pharmaceuticals and Life Sciences
    • 5.4.5 Bakery and Confectionery
    • 5.4.6 Other End Users
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Rest of North America
    • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Rest of South America
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Russia
    • 5.5.3.7 Rest of Europe
    • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 India
    • 5.5.4.3 Japan
    • 5.5.4.4 South Korea
    • 5.5.4.5 Australia & New Zealand
    • 5.5.4.6 Rest of Asia-Pacific
    • 5.5.5 Middle-East and Africa
    • 5.5.5.1 United Arab Emirates
    • 5.5.5.2 Saudi Arabia
    • 5.5.5.3 Turkey
    • 5.5.5.4 Egypt
    • 5.5.5.5 South Africa
    • 5.5.5.6 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.4.1 Wabash National Corporation
    • 6.4.2 Great Dane LLC
    • 6.4.3 Utility Trailer Manufacturing Company
    • 6.4.4 Schmitz Cargobull AG
    • 6.4.5 Kogel Trailer GmbH
    • 6.4.6 Lamberet SAS
    • 6.4.7 Fahrzeugwerk Bernard Krone GmbH
    • 6.4.8 Montracon Ltd
    • 6.4.9 Randon Implementos
    • 6.4.10 Gray & Adams Ltd
    • 6.4.11 Hyundai Translead
    • 6.4.12 CIMC Vehicles Group
    • 6.4.13 Chereau (The Reefer Group)
    • 6.4.14 Polar King International Inc.
    • 6.4.15 Wernicke Trailer
    • 6.4.16 Stoughton Trailers LLC
    • 6.4.17 Vanguard National Trailer Corp.
    • 6.4.18 THT New Cool (Heering)
    • 6.4.19 SOR Iberica
    • 6.4.20 MHI Thermal Transport

7. Market Opportunities & Future Outlook

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Global Refrigerated Trailer Market Report Scope

Refrigerated trailers, also known as reefers, are specialized transport vehicles equipped with refrigeration systems to maintain specific temperature conditions for the transportation of perishable goods such as food and pharmaceuticals.

The refrigerated trailer market report covers all new technology trends and developments. The market is segmented based on product type (frozen food and chilled food), end user (dairy products, fruits and vegetables, meat and seafood, and other end users), and geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market size and forecasts in terms of value (USD) for all the mentioned segments.

By Product Type (Temperature Class)
Frozen Food Trailers
Chilled Food Trailers
By Trailer Length / Capacity
Up to 28 ft (Pup and City)
29 - 49 ft (Standard)
Above 49 ft (Long-haul / 53 ft)
By Refrigeration Power Source
Diesel ICE Units
Diesel-Electric Hybrids
Full-Electric / Battery-Powered Units
Cryogenic and Alt-Fuel Units
By End User
Dairy Products
Fruits and Vegetables
Meat and Seafood
Pharmaceuticals and Life Sciences
Bakery and Confectionery
Other End Users
By Geography
North America United States
Canada
Rest of North America
South America Brazil
Argentina
Rest of South America
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia-Pacific
Middle-East and Africa United Arab Emirates
Saudi Arabia
Turkey
Egypt
South Africa
Rest of Middle-East and Africa
By Product Type (Temperature Class) Frozen Food Trailers
Chilled Food Trailers
By Trailer Length / Capacity Up to 28 ft (Pup and City)
29 - 49 ft (Standard)
Above 49 ft (Long-haul / 53 ft)
By Refrigeration Power Source Diesel ICE Units
Diesel-Electric Hybrids
Full-Electric / Battery-Powered Units
Cryogenic and Alt-Fuel Units
By End User Dairy Products
Fruits and Vegetables
Meat and Seafood
Pharmaceuticals and Life Sciences
Bakery and Confectionery
Other End Users
By Geography North America United States
Canada
Rest of North America
South America Brazil
Argentina
Rest of South America
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia-Pacific
Middle-East and Africa United Arab Emirates
Saudi Arabia
Turkey
Egypt
South Africa
Rest of Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

How large is the refrigerated trailer market in 2025?

The refrigerated trailer market size reached USD 7.49 billion in 2025, supported by e-commerce grocery expansion and stricter food-safety rules.

What is the projected growth rate for refrigerated trailers?

Global demand is anticipated to rise at a 6.93% CAGR, taking revenue to USD 10.47 billion by 2030.

Which product segment leads current sales?

Frozen food trailers accounted for 55.26% of 2024 sales due to the dominance of meat and seafood logistics.

How are regulations influencing trailer technology?

CARB’s zero-emission TRU requirements and the EU F-Gas phase-down are accelerating the shift to electric refrigeration and low-GWP refrigerants.

What financing models help fleets afford electric trailers?

Subscription models such as Wabash National’s Trailers-as-a-Service convert upfront capex into monthly opex, easing the adoption of higher-cost electric units.

Page last updated on: