Refrigerated Trailer Market

By Type;

Frozen Food and Chilled Food

By Material;

Aluminum, Steel, Composite, and Plastic

By Application;

Food & Beverage, Pharmaceuticals, Chemical, and Agriculture

By End User;

Dairy, Fruits & Vegetables, Meat & Seafood, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn897080675 Published Date: August, 2025 Updated Date: September, 2025

Refrigerated Trailer Market Overview

Refrigerated Trailer Market (USD Million)

Refrigerated Trailer Market was valued at USD 2,386.06 million in the year 2024. The size of this market is expected to increase to USD 3,470.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.


Refrigerated Trailer Market

*Market size in USD million

CAGR 5.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.5 %
Market Size (2024)USD 2,386.06 Million
Market Size (2031)USD 3,470.95 Million
Market ConcentrationMedium
Report Pages336
2,386.06
2024
3,470.95
2031

Major Players

  • Great Dane Trailers, Inc
  • Utility Trailer Manufacturing Company
  • Schmitz Cargobull AG
  • Kogel Trailer GmbH
  • Fahrzeugwerk Bernard KRONE GmbH
  • Lamberet Refrigerated SAS
  • Montracon Ltd
  • Hyundai Translead
  • Gray & Adams Ltd.
  • Randon Implementos

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Refrigerated Trailer Market

Fragmented - Highly competitive market without dominant players


The Refrigerated Trailer Market is witnessing consistent growth as industries require reliable cold storage transport. Nearly 43% of perishable shipments now depend on these trailers to maintain product integrity, freshness, and safety. Their importance in cold chain logistics makes them a vital component of modern distribution networks.

Technological Advancements
Innovation in trailer design is driving adoption, with energy-saving refrigeration units, IoT-enabled tracking, and automated controls leading the way. Around 38% of new trailers feature integrated smart systems to monitor performance in real time. These solutions improve fleet efficiency, cost management, and sustainability.

Energy Efficiency and Sustainability
Eco-friendly transport has become a priority, with nearly 40% of operators shifting to low-emission refrigeration technologies. These trailers minimize fuel usage and environmental impact, aligning with stricter green logistics standards. The trend reflects the growing role of sustainability in fleet operations.

Rising Industry Adoption
Refrigerated trailers are gaining traction across retail, healthcare, and logistics services. Close to 46% of businesses in these sectors utilize them for food, medicines, and other perishables. Their capacity to ensure consistent quality and operational reliability strengthens their position in temperature-sensitive supply chains.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Material
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Refrigerated Trailer Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for sea food globally
        2. Global growth in cold chain infrastructure
        3. Rising consumer preference for fresh & organic products
        4. Rising consumer demand for fresh produce
        5. Surging demand for packaged meat
      2. Restraints
        1. Increasing demand for sea food globally
        2. High initial investment costs
        3. Global growth in cold chain infrastructure
        4. Rising operating costs and proximity of transportation destination
      3. Opportunities
        1. Expansion of international trade
        2. Growth of cold chain logistics in emerging markets
        3. Expansion of last-mile delivery services
        4. Growing utilization of online grocery shopping apps
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Refrigerated Trailer Market, By Type, 2021 - 2031 (USD Million)
      1. Frozen Food
      2. Chilled Food
    2. Refrigerated Trailer Market, By Material, 2021 - 2031 (USD Million)

      1. Aluminum

      2. Steel

      3. Composite

      4. Plastic

    3. Refrigerated Trailer Market, By Application, 2021 - 2031 (USD Million)

      1. Food & Beverage

      2. Pharmaceuticals

      3. Chemical

      4. Agriculture

    4. Refrigerated Trailer Market, By End User, 2021 - 2031 (USD Million)
      1. Dairy
      2. Fruits & Vegetables
      3. Meat & Seafood
      4. Others
    5. Refrigerated Trailer Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Wabash National Corporation
      2. Schmitz Cargobull AG
      3. Great Dane LLC
      4. Utility Trailer Manufacturing Company (aka Utility Trailer Manufacturing Co.)
      5. CIMC Vehicles Group Co., Ltd.
      6. Kögel GmbH (also referred to as Kögel Trailer GmbH & Co. KG)
      7. Lamberet SAS (also appears simply as Lamberet)
      8. Fahrzeugwerk Bernard Krone GmbH & Co. KG (also “KRONE”)
      9. Hyundai Translead, Inc.
      10. Gray & Adams Ltd.
      11. Carrier Global Corporation
      12. Trane Technologies Company, LLC (Thermo King as brand)
      13. Grey & Adams Ltd (same as Gray & Adams, merged already as #10)
      14. Leonard Truck and Trailer Inc.
  7. Analyst Views
  8. Future Outlook of the Market