Market Size of Refrigerated Trailer Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.32 Billion |
| Market Size (2029) | USD 9.65 Billion |
| CAGR (2024 - 2029) | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Refrigerated Trailer Market Analysis
The Refrigerated Trailer Market size is estimated at USD 6.32 billion in 2024, and is expected to reach USD 9.65 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
The refrigerated trailer market is experiencing robust growth driven by various factors, including the increasing demand for the transportation of temperature-sensitive goods, technological advancements in refrigeration systems, and expanding cold chain logistics infrastructure globally. Refrigerated trailers, also known as reefers, play a crucial role in transporting perishable goods such as food and pharmaceuticals over long distances while maintaining the desired temperature throughout the journey. With the rise in global food trade and the growing need to reduce food wastage, the demand for refrigerated trailers is expected to grow steadily in the coming years.
Moreover, stringent food safety regulations and quality standards set by governments and regulatory bodies across the world are compelling food producers, distributors, and logistics companies to invest in reliable refrigerated transportation solutions. Refrigerated trailers equipped with advanced temperature monitoring and control systems help ensure compliance with these regulations, safeguarding the quality of perishable goods during transit. In addition, increasing consumer awareness regarding food safety and quality is driving the adoption of refrigerated trailers by retailers and e-commerce companies for the transportation of fresh produce and other temperature-sensitive products.
Furthermore, the advent of electric and hybrid refrigerated trailers powered by sustainable energy sources is poised to revolutionize the refrigerated trailer market. As concerns over environmental sustainability and greenhouse gas emissions intensify, fleet operators and logistics companies are increasingly embracing eco-friendly refrigeration solutions to reduce their carbon footprint. Electric refrigerated trailers offer benefits such as quieter operation, reduced emissions, and lower operating costs compared to traditional diesel-powered trailers.
North America is the region leading the market, followed by Asia-Pacific and Europe. The major players manufacturing refrigerated trailers include Wabash National Commercial Trailer Products, Great Dane Trailers, Utility Trailer Manufacturing Company, Schmitz Cargobull AG, and Kogle Trailer GmbH.
