Through market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights, The Business Research Company’s 2026 market reports provide more actionable and strategically valuable research.
Refrigerated Goods Trucking Market Size, Value And Growth Trends Through 2030
The refrigerated goods trucking market size has shown significant growth in recent years. It is anticipated to expand from $77.58 billion in 2025 to $84.11 billion in 2026, achieving a compound annual growth rate (CAGR) of 8.4%. The factors contributing to this historical growth include the expansion of perishable food distribution networks, growth in pharmaceutical logistics demand, increasing urban cold storage requirements, rising consumption of frozen and chilled foods, and the development of refrigerated transport infrastructure.
The refrigerated goods trucking market is projected to experience substantial expansion over the upcoming years. It is anticipated to reach $118.81 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.0%. This growth during the forecast period is propelled by factors such as increased investments in modernizing cold chains, a heightened emphasis on reducing emissions within trucking fleets, the expansion of transportation for vaccines and biologics, an escalating need for real-time temperature tracking, and the wider adoption of electric refrigerated vehicles. Key trends expected in the same period involve a greater embrace of multi-temperature refrigerated fleets, the increasing integration of IoT-based temperature monitoring systems, an expanding requirement for pharmaceutical cold chain logistics, the proliferation of energy-efficient refrigeration technologies, and an intensified commitment to food safety standards.
Download A Free Sample Report For Comprehensive Market Insights:
Refrigerated Goods Trucking Market Demand Drivers Creating New Revenue Opportunities
The escalating need for perishable goods such as ready-to-eat food items, milk and dairy products, and fruits and vegetables is expected to boost the expansion of the refrigerated goods trucking market. This surging demand for frozen food products is compelling suppliers to outfit their refrigerated units with multi-temperature systems, computer controls, and thermal liners to maintain the required food temperature. For instance, data published in April 2024 by the National Association of Convenience Stores (NACS), a US-based trade association, indicated that total industry foodservice sales accounted for 26.9% of in-store sales in 2023, up from 25.6% in 2022. Prepared food sales notably increased by 12.2% per store per month, becoming the leading in-store category. Therefore, the heightened demand for refrigerated food products is anticipated to drive the growth of the refrigerated goods trucking market during the forecast period.
Refrigerated Goods Trucking Market Segment Analysis Highlighting Growth Areas
The refrigerated goods trucking market covered in this report is segmented –
1) By Vehicle Type: Light Commercial Vehicle, Medium Heavy Commercial Vehicles, Heavy Commercial Vehicles
2) By Temperature: Single Temperature, Multi-Temperature
3) By Application: Food Products, Poultry, Meat, and Seafood, Dairy and Beverages, Bakery And Confectionery, Pharmaceutical, Other Applications
Subsegments:
1) By Light Commercial Vehicle: Refrigerated Vans, Small Refrigerated Trucks
2) By Medium Heavy Commercial Vehicles: Medium Refrigerated Trucks, Box Trucks With Refrigeration Units
3) By Heavy Commercial Vehicles: Heavy-Duty Refrigerated Trailers, Refrigerated Container Trucks
Refrigerated Goods Trucking Market Trends Driving Strategic Industry Expansion
Leading companies in the refrigerated goods trucking market are concentrating on incorporating advanced transportation electrification solutions, specifically electric refrigerated vehicles, to elevate operational efficiency, foster sustainability, and enhance temperature-controlled delivery performance. Electric refrigerated vehicles are commercial trucks powered by batteries, equipped with electric drivetrains and integrated refrigeration units that maintain precise temperature control while reducing fuel consumption, emissions, and noise, thereby enabling capabilities such as dependable cold-chain compliance, lower operating costs, and improved last-mile delivery efficiency. For instance, in June 2024, GreenPower Motor Company, a Canada-based manufacturer of electric medium- and heavy-duty vehicles, launched the EV Star ReeferX, an all-electric refrigerated medium-duty delivery truck. Built on the EV Star Cab & Chassis platform, the ReeferX features a lighter body for greater payload capacity and is fully customizable. Designed for mid- to last-mile refrigerated deliveries, it targets industries like fresh and frozen foods, flowers, and pharmaceuticals.
Refrigerated Goods Trucking Market Leading Companies: Who Holds Significant Market Presence?
Major companies operating in the refrigerated goods trucking market are Prime Inc., Stevens Transport, Knight-Swift Transportation Holdings Inc., C.R. England, Marten Transport Ltd., China International Marine Containers, Great Dane, Schmitz Cargobull AG, Shaffer Trucking, KLLM Transport Services, Deutsche Post DHL, Nippon Express, Yamato Transport Co. Ltd (Japan), Yusen Logistics & TASCO, Sinchai Cold Storage, Tiong Nam Logistics, Jentec Storage Inc, Kogel Trailer GmbH & Co, SNCF Deodis, GERCO S.A, STEF, HSF Logistics, Algarverpania Refrigeration, Krone, Gibon Logistics, CEE Logistics, GEFCO, Kuehne-Nagel, Hyundai Translead Inc., Wabash National, JSL S. A, Transportes Bertolini Ltda, Braspress Logistics, DHL Global Forwarding, CEVA logistics, ATS Dubai, Mashaweer, ADSO, HST Logistics LLC, Carrier Global Corporation, Daikin Industries Ltd., Denso Corporation, Klinge Corporation, Mitsubishi Heavy Industries Ltd., Subros Limited, Songz Automobile Air Conditioning Co. Ltd., Thermo King (Trane Technologies), Webasto Thermo & Comfort
Access The Complete Refrigerated Goods Trucking Market Report:
Refrigerated Goods Trucking Market Geographic Distribution And Regional Opportunities
North America was the largest region in the refrigerated goods trucking market in 2025. Western Europe was the second largest region in the global refrigerated goods trucking market share. The regions covered in the refrigerated goods trucking market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
