Refrigerated Trailer Market
By Type;
Frozen Food and Chilled FoodBy Material;
Aluminum, Steel, Composite, and PlasticBy Application;
Food & Beverage, Pharmaceuticals, Chemical, and AgricultureBy End User;
Dairy, Fruits & Vegetables, Meat & Seafood, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 5.5 % |
Market Size (2024) | USD 2,386.06 Million |
Market Size (2031) | USD 3,470.95 Million |
Market Concentration | Medium |
Report Pages | 336 |
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.
Refrigerated Trailer Market Key Takeaways
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Refrigerated trailers have become essential for safeguarding perishable goods now supporting approximately 43 % of cold-chain shipments, underscoring their central role in modern logistics.
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Smart technologies like real-time monitoring, automated controls, and IoT connectivity are integration priorities, present in around 38 % of newly deployed trailers to elevate operational efficiency.
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Eco-conscious initiatives are reshaping the industry: nearly 40 % of operators now adopt low-emission refrigeration systems, signaling a strong shift toward greener logistics solutions.
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Adoption across sectors is broadening: almost 46 % of enterprises in retail, healthcare, and logistics rely on refrigerated trailers to preserve quality for temperature-sensitive cargo.
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Technological innovation remains a focal point over 45 % of manufacturers are actively investing in R&D for low-emission systems, reinforcing the industry’s commitment to sustainability and performance gains.
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Market dynamics reflect both consolidation and agility: while top players dominate, mid-sized firms are increasingly impactful through targeted product differentiation and alliances across regions.
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Online retail growth especially in grocery delivery is creating fresh demand; refrigerated trailers are now pivotal in the evolution of e-commerce logistics, especially for last-mile perishables.
Refrigerated Trailer Market Recent Developments
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In September 2023, Great Dane launched an electric-powered refrigerated trailer aimed at promoting eco-friendly transportation. This innovation underscores the company’s focus on sustainable logistics by cutting diesel dependency and reducing carbon emissions. Equipped with advanced refrigeration and electric mobility features, it delivers both efficiency and environmental benefits for modern supply chains.
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In April 2022, Thermo King introduced a refrigerated trailer featuring advanced telematics for real-time monitoring. The system enables precise tracking of temperature, location, and overall performance, giving operators better control over cold chain operations. This innovation strengthens reliability, minimizes spoilage risks, and promotes more efficient and sustainable refrigerated transport solutions.
Segment Analysis
This report extensively covers different segments of Global Refrigerated Trailer Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments.
The segment analysis of the global refrigerated trailer market unveils distinct trends and growth patterns across different types and end-user industries. Within the segmentation by type, the market is bifurcated into frozen food and chilled food trailers. The frozen food segment is poised for substantial growth, fueled by the increasing consumption of frozen products worldwide. Factors such as changing dietary preferences, busy lifestyles, and the expanding variety of frozen food options contribute to the demand for refrigerated trailers capable of maintaining ultra-low temperatures during transportation. On the other hand, the chilled food segment also presents significant opportunities, driven by the rising demand for fresh and perishable food items such as dairy products, fruits, vegetables, and seafood. As consumers prioritize freshness and quality in their food choices, the need for refrigerated trailers equipped with precise temperature control systems to transport chilled food products efficiently becomes paramount.
The segment analysis by end user highlights diverse market dynamics across various industries. The dairy sector emerges as a key end user, leveraging refrigerated trailers to transport milk, cheese, yogurt, and other dairy products from production facilities to distribution centers and retail outlets. Similarly, the fruits & vegetables segment witnesses robust growth, driven by the globalization of supply chains and the increasing consumption of fresh produce year-round. Moreover, the meat & seafood industry represents a significant market opportunity for refrigerated trailers, with the growing demand for packaged and processed meat products worldwide. Additionally, the adoption of refrigerated trailers in other sectors, including pharmaceuticals and chemicals, further diversifies the market landscape, underscoring the versatility and importance of refrigerated transportation across various end-user industries globally.
Global Refrigerated Trailer Segment Analysis
In this report, the Global Refrigerated Trailer Market has been segmented by Type, End User, and Geography.
Global Refrigerated Trailer Market, Segmentation by Type
The Global Refrigerated Trailer Market has been segmented by Type into Frozen Food and Chilled Food.
The global refrigerated trailer market segmentation by type highlights the distinction between frozen food and chilled food transportation requirements. Frozen food, encompassing products such as frozen meats, seafood, vegetables, and ready-to-eat meals, represents a significant segment within the market. The demand for frozen food transport is driven by the increasing consumption of frozen convenience foods, particularly in urban areas where busy lifestyles and the need for quick meal solutions prevail. Refrigerated trailers designed for frozen food transportation are equipped with robust refrigeration systems capable of maintaining sub-zero temperatures, ensuring the preservation of food quality and safety throughout the supply chain.
The expansion of cold chain logistics networks and the globalization of food trade contribute to the growth of the frozen food segment in the refrigerated trailer market, facilitating the efficient distribution of frozen food products across regions.In contrast, the chilled food segment within the refrigerated trailer market caters to the transportation of perishable goods that require refrigeration but not freezing temperatures. This segment includes a wide range of products such as dairy, fruits, vegetables, and certain meat and seafood items. Chilled food transport is characterized by the need for precise temperature control to maintain freshness and extend shelf life while preventing spoilage.
Refrigerated trailers designed for chilled food transportation often feature adjustable temperature settings and advanced monitoring systems to ensure compliance with food safety regulations and quality standards. The growing demand for fresh and minimally processed food products, coupled with the expansion of retail chains and food service establishments, drives the growth of the chilled food segment in the refrigerated trailer market, offering opportunities for manufacturers and logistics providers to meet the evolving needs of the food industry.
Global Refrigerated Trailer Market, Segmentation by End User
The Global Refrigerated Trailer Market has been segmented by End User into Dairy, Fruits & Vegetables, Meat & Seafood and Others.
The segmentation of the global refrigerated trailer market by end user offers insights into the diverse applications of refrigerated trailers across various industries. Among these, the dairy sector emerges as a prominent end user, driving significant demand for refrigerated trailers. The dairy industry relies heavily on refrigerated transportation to ensure the freshness and quality of dairy products such as milk, cheese, yogurt, and butter.
Refrigerated trailers play a crucial role in maintaining the cold chain integrity during the transportation of dairy products from processing facilities to distribution centers and retail outlets. Additionally, with the growing consumption of dairy products worldwide, particularly in emerging markets, the demand for refrigerated trailers in the dairy sector is expected to witness steady growth throughout the forecast period.The fruits & vegetables segment represents another key end user of refrigerated trailers, driven by the need to preserve the freshness and nutritional value of perishable produce during transportation.
Refrigerated trailers provide the ideal environment for transporting fruits and vegetables at controlled temperatures, ensuring minimal degradation and extending shelf life. As consumer preferences shift towards healthier food choices and organic produce, the demand for refrigerated trailers in the fruits & vegetables sector is anticipated to rise. Moreover, with the globalization of food supply chains and increasing international trade in fresh produce, particularly in regions like North America and Europe, the importance of refrigerated trailers in facilitating efficient and reliable transportation of fruits and vegetables across long distances becomes more pronounced, driving further growth in this segment of the global refrigerated trailer market.
Global Refrigerated Trailer Market, Segmentation by Geography
In this report, the Global Refrigerated Trailer Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
The global refrigerated trailer market, segmented by geography, exhibits diverse trends and opportunities across different regions. North America stands out as a significant market, driven by the presence of well-established logistics networks and a thriving food industry. The region's robust demand for refrigerated trailers is attributed to the increasing consumption of perishable goods, particularly frozen and chilled food products, across various end-user sectors such as dairy, fruits & vegetables, and meat & seafood. M
Technological advancements in refrigeration systems and the adoption of efficient logistics solutions contribute to the market growth in this region, positioning North America as a key player in the global refrigerated trailer market landscape.In Europe, the refrigerated trailer market experiences steady growth, fueled by the region's sophisticated retail infrastructure and evolving consumer preferences for fresh and healthy food options. Countries like Germany, France, and the United Kingdom drive market expansion with their well-established food distribution channels and increasing demand for refrigerated transport solutions.
The growing awareness of sustainability and environmental concerns prompts the adoption of eco-friendly refrigeration technologies and energy-efficient logistics practices in Europe. Additionally, the rise of e-commerce platforms and the increasing popularity of online grocery shopping contribute to the demand for refrigerated trailers, as they play a crucial role in transporting perishable goods from distribution centers to end consumers. Overall, Europe presents promising opportunities for market players in the refrigerated trailer segment, driven by evolving consumer trends and regulatory imperatives shaping the food logistics landscape.
Refrigerated Trailer Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Refrigerated Trailer Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing demand for sea food
- growth in cold chain infrastructure
- Rising consumer preference for fresh & organic products
- Rising consumer demand for fresh produce
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Surging demand for packaged meat :The refrigerated trailer market is experiencing significant growth, with one of the key drivers being the surging demand for packaged meat. As consumer preferences evolve and lifestyles become more fast-paced, there is a growing reliance on convenient and ready-to-eat food options, including packaged meat products. This trend is particularly evident in urban areas, where busy schedules and limited time for meal preparation drive the demand for convenient food solutions. Refrigerated trailers play a crucial role in maintaining the freshness and quality of packaged meat during transportation from production facilities to distribution centers and retail outlets. These trailers are equipped with advanced refrigeration systems that ensure precise temperature control, preserving the integrity of the meat products throughout the supply chain. One such challenge is the need for stringent regulatory compliance and adherence to food safety standards during transportation.
As perishable goods like meat are susceptible to spoilage and contamination, regulatory authorities impose strict guidelines regarding temperature control, hygiene practices, and traceability throughout the supply chain. Ensuring compliance with these regulations requires investment in advanced refrigeration technologies and monitoring systems, adding to the operational costs for fleet operators and logistics providers. Moreover, fluctuations in fuel prices and the increasing focus on sustainability and environmental conservation pose additional challenges for players in the refrigerated trailer market. Despite these challenges, strategic investments in technology innovation and fleet optimization are expected to drive the growth of the refrigerated trailer market in the coming years, catering to the surging demand for packaged meat and other perishable goods worldwide.
Restraints:
- Increasing demand for sea food
- High initial investment costs
- growth in cold chain infrastructure
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Rising operating costs and proximity of transportation destination:One significant restraint facing the refrigerated trailer market is the challenge posed by rising operating costs, particularly related to energy consumption and maintenance. Refrigerated trailers require specialized refrigeration systems to maintain the desired temperature for transporting perishable goods over long distances. These systems consume a considerable amount of energy, contributing to the overall operating expenses for logistics companies and fleet operators. Additionally, the maintenance costs associated with refrigerated trailers, including repairs and servicing of refrigeration units, add to the financial burden. As energy prices continue to fluctuate and environmental regulations become more stringent, the pressure to adopt energy-efficient technologies and sustainable practices further amplifies operating costs, impacting the profitability of businesses operating in the refrigerated trailer market.
Transportation routes often vary in length, and the distance between production facilities or distribution centers and end-market locations can influence the efficiency and cost-effectiveness of refrigerated transportation. Longer distances require more fuel consumption, resulting in higher operating costs and potentially impacting profit margins for logistics companies. Additionally, factors such as traffic congestion, border regulations, and weather conditions along transportation routes can affect delivery schedules and increase the risk of delays or spoilage of perishable goods. To mitigate these challenges, logistics companies may need to optimize transportation routes, invest in fleet management technologies, and collaborate with other stakeholders to streamline supply chain operations and improve the overall efficiency of refrigerated trailer transportation.
Opportunities:
- Expansion of international trade
- Growth of cold chain logistics in emerging markets
- Expansion of last-mile delivery services
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Growing utilization of online grocery shopping apps:The refrigerated trailer market is witnessing a significant opportunity fueled by the growing utilization of online grocery shopping apps. As consumers increasingly turn to online platforms for their grocery needs, there's a corresponding surge in demand for efficient and reliable transportation solutions to ensure the freshness and quality of perishable goods during transit. Refrigerated trailers play a crucial role in this ecosystem by providing temperature-controlled environments that preserve the integrity of fruits, vegetables, dairy products, meats, and other perishable items from the point of origin to the final destination. The convenience offered by online grocery shopping apps, coupled with the expanding reach of e-commerce platforms, has led to a paradigm shift in consumer behavior, driving the need for a robust logistics infrastructure, including refrigerated trailers, to support the growing volume of online grocery deliveries.
Market players are investing in technological advancements such as real-time temperature monitoring, remote tracking and management systems, and energy-efficient refrigeration units to meet the evolving needs of online grocery retailers and ensure the safe and timely delivery of perishable goods. Additionally, collaborations between logistics companies, refrigerated trailer manufacturers, and e-commerce platforms are becoming increasingly common, aiming to streamline operations, reduce delivery times, and enhance customer satisfaction. As the trend towards online grocery shopping continues to gain momentum, the demand for refrigerated trailers is expected to experience sustained growth, presenting lucrative opportunities for market expansion and innovation in the years to come.
Refrigerated Trailer Market Competitive Landscape Analysis
Refrigerated Trailer Market is witnessing rising momentum as demand for temperature-sensitive logistics expands across food, pharmaceuticals, and chemical sectors. Intense competition is shaping the industry, with companies focusing on strategies such as collaboration, merger, and partnerships to strengthen their market presence. Increasing growth in cold chain infrastructure highlights the importance of advanced trailer systems in ensuring efficiency and reliability.
Market Structure and Concentration
The industry reflects moderate to high concentration, where leading players hold a significant percentage of market share. Mid-sized companies are gaining ground by introducing differentiated strategies and investing in specialized trailer designs. Mergers and collaboration among regional manufacturers are further consolidating market control, intensifying competition while also supporting expansion across emerging sectors.
Brand and Channel Strategies
Strong brands are leveraging robust distribution networks and aftersales service to enhance customer loyalty. Manufacturers are aligning strategies with fleet operators through long-term partnerships and customized leasing models. Increasing investment in digital sales channels is reshaping market access, while consistent brand positioning ensures higher recognition and supports sustained growth within competitive markets.
Innovation Drivers and Technological Advancements
Ongoing technological advancements are central to the market, with innovations in energy-efficient refrigeration units and lightweight materials. Adoption of innovation such as telematics and IoT-enabled monitoring enhances cargo safety and compliance. Over 45% of manufacturers emphasize R&D in low-emission systems, ensuring sustainability and efficiency. These advancements directly improve trailer performance and strengthen future outlook.
Regional Momentum and Expansion
Different regions are witnessing varied levels of expansion based on regulatory standards and infrastructure growth. In developed markets, advanced fleets account for over 60% penetration, while emerging economies are rapidly increasing adoption through government-backed collaboration. Regional manufacturers are entering strategic partnerships with players to accelerate growth and address rising demand for temperature-controlled transport.
Future Outlook
The refrigerated trailer industry is poised for steady growth, supported by rising logistics demand and strong strategies from key stakeholders. Technological innovation, collaborative mergers, and ongoing expansion into new geographies will define the competitive edge. With increasing emphasis on sustainability and efficiency, the future outlook highlights continued market evolution and strengthened industry positioning.
Key players in Refrigerated Trailer Market include:
- Wabash National Corporation
- Schmitz Cargobull AG
- Great Dane LLC
- Utility Trailer Manufacturing Company (aka Utility Trailer Manufacturing Co.)
- CIMC Vehicles Group Co., Ltd.
- Kögel GmbH (also referred to as Kögel Trailer GmbH & Co. KG)
- Lamberet SAS (also appears simply as Lamberet)
- Fahrzeugwerk Bernard Krone GmbH & Co. KG (also “KRONE”)
- Hyundai Translead, Inc.
- Gray & Adams Ltd.
- Carrier Corporation
- Trane Technologies Company, LLC (Thermo King as brand)
- Grey & Adams Ltd (same as Gray & Adams, merged already as #10)
- Leonard Truck and Trailer Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Material
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Refrigerated Trailer Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand for sea food globally
- Global growth in cold chain infrastructure
- Rising consumer preference for fresh & organic products
- Rising consumer demand for fresh produce
- Surging demand for packaged meat
- Restraints
- Increasing demand for sea food globally
- High initial investment costs
- Global growth in cold chain infrastructure
- Rising operating costs and proximity of transportation destination
- Opportunities
- Expansion of international trade
- Growth of cold chain logistics in emerging markets
- Expansion of last-mile delivery services
- Growing utilization of online grocery shopping apps
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Refrigerated Trailer Market, By Type, 2021 - 2031 (USD Million)
- Frozen Food
- Chilled Food
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Refrigerated Trailer Market, By Material, 2021 - 2031 (USD Million)
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Aluminum
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Steel
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Composite
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Plastic
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Refrigerated Trailer Market, By Application, 2021 - 2031 (USD Million)
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Food & Beverage
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Pharmaceuticals
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Chemical
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Agriculture
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- Refrigerated Trailer Market, By End User, 2021 - 2031 (USD Million)
- Dairy
- Fruits & Vegetables
- Meat & Seafood
- Others
- Refrigerated Trailer Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Refrigerated Trailer Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Wabash National Corporation
- Schmitz Cargobull AG
- Great Dane LLC
- Utility Trailer Manufacturing Company (aka Utility Trailer Manufacturing Co.)
- CIMC Vehicles Group Co., Ltd.
- Kögel GmbH (also referred to as Kögel Trailer GmbH & Co. KG)
- Lamberet SAS (also appears simply as Lamberet)
- Fahrzeugwerk Bernard Krone GmbH & Co. KG (also “KRONE”)
- Hyundai Translead, Inc.
- Gray & Adams Ltd.
- Carrier Global Corporation
- Trane Technologies Company, LLC (Thermo King as brand)
- Grey & Adams Ltd (same as Gray & Adams, merged already as #10)
- Leonard Truck and Trailer Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market