Reefer Truck Market Report 2025 (Global Edition)

Global Reefer Truck Market Report 2024 Market Size Split by Vehicle Capacity GVW (02 – 4.5 Tons, 7 – 7.5 Tons, 11-12 Tons, 18.5 Tons, 28.5 Tons, 35 Tons), by Sector (Organized Sector, Unorganized ...

Reefer Truck Market Report Description

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Reefer Truck Market Insights Video

Competitive Landscape of the Reefer Truck Market

The competitive landscape of the Reefer Truck market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Reefer Truck companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in Reefer Truck Industry: (In no particular order of Rank)

• Kgel Trailer GmbH & Co.KG .
• Hyundai Translead. Inc.
• Wabash National
• Fahrzeugwert Bernard Krone Gmbh & Co.KG
• China International Marine Containers (Group) Ltd.
• GRW Tankers and Trailers (US)
• Lamberet SAS
• Great Dane LLC
• Chereau
• Schmitz Cargobull AG
• Other Prominent Players
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Reefer Truck Market

Which Region Dominates the Reefer Truck Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The North American reefer truck marketplace is witnessing a full-size boom, pushed with the aid of growing demand for perishable items and the growth of online grocery delivery services. Factors consisting of advancements in refrigeration technology, rising purchaser preferences for fresh produce, and stringent food protection policies are fueling the market's growth. This fashion underscores the place's pivotal role within the global bloodless chain logistics industry.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Reefer Truck market due to several compelling reasons. ? The Reefer Truck Market in Europe is experiencing extremely good growth, propelled by means of rising demand for perishable goods and the expansion of e-trade systems supplying grocery transport offerings. Factors inclusive of strict regulations making sure food safety and quality, coupled with technological improvements in refrigeration structures, are using the marketplace's expansion. Europe's evolving cold chain logistics sector reflects its commitment to ensuring efficient and dependable transportation of temperature-touchy goods.

The current report Scope analyzes Reefer Truck Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Reefer Truck

According to Cognitive Market Research, the global Reefer Truck market size was estimated at USD 9984.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3993.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Reefer Truck market with a market size of USD 3151.01 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The demand is amplified by the cold chain logistics growth.
• The Canada Reefer Truck market had a market share of USD 479.24 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's rising e-commerce.
• The Mexico Reefer Truck market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 363.42 million in 2024.

Europe Reefer Truck

According to Cognitive Market Research, the global Reefer Truck market size was estimated at USD 9984.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2995.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Reefer Truck market had a market share of USD 503.20 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Reefer Truck sales witness an upswing due to the pharmaceutical transport needs.
• The France Reefer Truck market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 275.56 million in 2024.
• According to Cognitive Market Research, the Germany Reefer Truck market size was valued at USD 593.06 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Reefer Truck sales surged due to the food safety regulations.
• The Italy Reefer Truck market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 257.59 million in 2024.
• The Russia Reefer Truck market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 464.27 million in 2024.
• The Spain Reefer Truck market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 245.61 million in 2024
• The Luxembourg Reefer Truck market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 92.85 million in 2024.
• The Portugal Reefer Truck market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 62.90 million in 2024.
• The Greece Reefer Truck market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 35.94 million in 2024.
• Rest of Europe's Reefer Truck market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 464.27 million in 2024.

Asia Pacific Reefer Truck

According to Cognitive Market Research, the global Reefer Truck market size was estimated at USD 9984.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2296.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Reefer Truck market size was valued at USD 1033.36 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Reefer Truck sales surge in China due to the technological advancements.
• The Japan Reefer Truck market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 316.90 million in 2024.
• The India Reefer Truck market had a market share of USD 275.56 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's urbanization.
• The South Korea Reefer Truck market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 229.64 million in 2024.
• The Australia Reefer Truck market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 119.41 million in 2024.
• The South East Asia Reefer Truck market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 158.45 million in 2024.
• The Rest of Asia Pacific Reefer Truck market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 163.04 million in 2024.

South America Reefer Truck

According to Cognitive Market Research, the global Reefer Truck market size was estimated at USD 9984.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 499.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Reefer Truck market size was valued at USD 213.66 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Reefer Truck sales flourish in Brazil due to the perishable goods demand.
• Argentina Reefer Truck market had a market share of USD 83.87 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's sustainability trends.
• Colombia Reefer Truck market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 44.43 million in 2024.
• Peru Reefer Truck market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 40.94 million in 2024.
• Chile Reefer Truck market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 35.94 million in 2024.
• The Rest of Latin America Reefer Truck market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 80.37 million in 2024.

Middle East and Africa Reefer Truck

According to Cognitive Market Research, the global Reefer Truck market size was estimated at USD 9984.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 199.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• The GCC Countries Reefer Truck market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 85.46 million in 2024. Reefer Truck sales flourish due to the temperature-sensitive product.
• The Egypt Reefer Truck market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 20.97 million in 2024.
• The South Africa Reefer Truck market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 31.55 million in 2024. Reefer Truck sales flourish in South Africa due to the infrastructure developmen.
• The Turkey Reefer Truck market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 7.17 million in 2024.
• The Nigeria Reefer Truck market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 20.97 million in 2024.
• The Rest of MEA Reefer Truck market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 23.56 million in 2024.

Reefer Truck Market Analysis

Reefer Truck Market Vehicle Capacity GVW Segment Analysis

According to Cognitive Market Research, 18.5 Tons stands out as the dominating category. The segment of 18. Five-ton reefer vehicles are witnessing a robust increase in the market. This fashion is fueled by the aid of the growing demand for green transportation of perishable goods, which includes clean produce, dairy, and prescribed drugs. These vans provide stability among capacity and maneuverability, making them ideal for urban deliveries even as ensuring the most suitable temperature manipulation at some stage in the transportation method.

28.5 Ton emerges as the fastest-growing category in the Reefer Truck market. The 28. Five-ton reefer truck segment is experiencing massive growth within the market. This trend is driven by means of a surge in demand for large capability motors capable of transporting larger volumes of perishable items, including fresh produce and frozen meals. These trucks provide enhanced efficiency and flexibility, catering to the evolving wishes of the cold chain logistics enterprise for dependable and high-capacity refrigerated transportation solutions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Reefer Truck Industry. Request a Free Sample PDF!

Reefer Truck Market Sector Segment Analysis

According to Cognitive Market Research, the dominating category is Organized Sector. The organized zone in the reefer truck marketplace is witnessing an awesome increase. This fashion is driven by increasing calls from industries, including meals and beverages, prescribed drugs, and healthcare, which require efficient and dependable transportation of perishable goods. Organized gamers offer specialized offerings, superior technology, and adherence to stringent regulations, attracting clients looking for excellent and reliability in bloodless chain logistics solutions.

The fastest-growing category in the Reefer Truck market is Unorganized Sector. The unorganized region inside the reefer truck marketplace is also experiencing an increase, albeit with demanding situations. This segment incorporates smaller gamers providing extra flexible and localized offerings, often catering to niche markets or particular areas. At the same time, facing opposition from organized gamers, the unorganized sector blessings by its agility and potential to serve smaller-scale companies and specialized transportation desires inside the bloodless chain logistics industry.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Reefer Truck Body Type Segment Analysis

Body Type Segment Analysis

According to Cognitive Market Research, the dominating category is Fully Built. The completely constructed reefer truck market is witnessing a vast increase due to its comfort and performance. These vehicles come geared up with incorporated refrigeration units, presenting seamless temperature control for transporting perishable items. With increasing demand for turnkey solutions and prepared-to-use vehicles, the absolutely built phase gives a hassle-loose option for organizations searching for dependable and immediate deployment of refrigerated transportation capabilities within the cold chain logistics industry.

The fastest-growing category in the Reefer Truck market is Customizable. The customizable reefer truck market is experiencing a wonderful boom as businesses are searching for tailored answers to fulfill precise transportation desires. Offering flexibility in design and configuration, customizable trucks cater to numerous industries requiring specific temperature control requirements for perishable goods. This section offers groups the ability to optimize their bloodless chain logistics operations, making sure of efficiency, reliability, and adherence to stringent exceptional requirements.

• Fully Built
• Customizable

Reefer Truck Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Meat and Fish. The Assembly phase of the Reefer Truck (ASRS) market is expanding as firms attempt to streamline meeting line strategies. ASRS generation improves assembly operations by using automating factor garage and retrieval, which reduces guide managing and will increase efficiency. ASRS answers designed for meeting Sectors are using marketplace growth and innovation as call for optimised manufacturing tactics and just-in-time manufacturing methods rises.

The fastest-growing category in the Reefer Truck market is Dairy Products. The Distribution section of the Reefer Truck (ASRS) marketplace is increasing as corporations are searching for greater efficient and automated warehouse distribution operations. ASRS era optimizes storage and retrieval processes, rushing up order achievement and increasing normal distribution performance. ASRS systems designed for distribution programs are driving marketplace growth as want for fast and correct order processing rises in the e-commerce and retail sectors.

• Meat and Fish
• Dairy Products
• Fruits & Vegetables
• Confectionaries
• Pharmaceutical
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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