Refrigerated Trailer Market Report 2026

The refrigerated trailer market size has grown strongly in recent years. It will grow from $6.93 billion in 2025 to $7.37 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to expansion of cold chain logistics networks, growth of perishable food transportation, rising pharmaceutical distribution needs, availability of diesel-powered refrigerated fleets, growth of long-haul transportation.

The refrigerated trailer market size is expected to see strong growth in the next few years. It will grow to $9.54 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing adoption of electric refrigerated trailers, rising demand for pharmaceutical cold chains, expansion of food export logistics, growing investments in smart fleet management, increasing regulatory focus on emission reduction. Major trends in the forecast period include adoption of energy-efficient refrigeration units, growing use of telematics and temperature monitoring, expansion of multi-temperature trailer designs, rising demand for electric and hybrid reefer units, enhanced focus on cold chain compliance.

The rising demand for seafood is expected to drive the growth of the refrigerated trailer market in the coming years. Seafood includes a wide range of edible aquatic organisms such as fish, shellfish, and other marine life sourced from oceans, rivers, lakes, and other water bodies for human consumption. The growing demand for seafood is influenced by factors such as changing lifestyles, increased preference for convenience foods, extended shelf-life requirements, and evolving consumer perceptions toward packaged and frozen products. Refrigerated trailers play a critical role in maintaining the freshness and safety of seafood from harvest through distribution to end consumers, while also extending shelf life and minimizing spoilage and waste. For instance, in July 2024, according to the State of World Fisheries and Aquaculture report published by the Food and Agriculture Organization, a US-based specialized agency focused on global food security, global aquatic animal production is projected to increase by 10% by 2032, reaching 205 million tons. Therefore, the growing demand for packaged and frozen seafood products is contributing to the expansion of the refrigerated trailer market.

Major companies operating in the refrigerated trailer market are focusing on the development of innovative solutions such as electric refrigerated trailers to improve energy efficiency, lower carbon emissions, and offer more sustainable transportation options for temperature-sensitive goods. Electric refrigerated trailers, also known as e-reefers, use electric power instead of conventional diesel engines to operate refrigeration units. For example, in February 2023, TIP Group, a Netherlands-based provider of refrigerated trailers, introduced the E-reefer and AxlePower systems featuring battery- and solar-powered transport refrigeration. The E-reefer utilizes solar panels to generate electricity that supplies a significant portion of the cooling energy required. Meanwhile, the AxlePower system captures energy typically lost during trailer operation and converts it into usable power for refrigeration. This approach enhances overall energy efficiency by utilizing recovered energy and supports sustainability objectives for both TIP Group and its customers.

In March 2024, Valley Equipment Ltd., a Canada-based full-service Utility dealer, acquired Utility Trailers of New England, LLC from Utility Trailer Manufacturing Company, LLC for an undisclosed amount. Through this acquisition, Valley Equipment aimed to expand its portfolio by adding Utility Trailers of New England’s capabilities in providing refrigerated trailer solutions. Utility Trailer Manufacturing Company, LLC is a US-based manufacturer specializing in refrigerated trailers.

Major companies operating in the refrigerated trailer market report include Mitsubishi Heavy Industries Thermal Systems Ltd., Daikin Industries Ltd., Carrier Transicold, Ingersoll Rand, Wabash National Corporation, Schmitz Cargobull AG, Great Dane LLC, Thermo King Corporation, Randon SA Implementos e Participacoes, Manac Inc., Hyundai Translead Inc., Lamberet Refrigerated SAS, Gray & Adams Holdings Ltd., Vanguard National Trailer Corporation, Montracon Ltd., Zanotti S.p.A., Utility Trailer Manufacturing Company, Klinge Corporation, Fahrzeugwerk Bernard KRONE GmbH, Kögel GmbH, Dorsey Intermodal.

North America was the largest region in the refrigerated trailer market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refrigerated trailer market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the refrigerated trailer market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The refrigerated trailer market consists of sales of chilled food trailers, frozen food trailers, specialized pharma trailers, and multi-temp trailers, single-temp trailers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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