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China Refrigerated Truck Market

ID: MRFR/PCM/55356-HCR
200 Pages
Snehal Singh
October 2025

China Refrigerated Truck Market Research Report By Type (Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), Heavy Commercial Vehicle (HCV)), By Tonnage Capacity (Less than 10 tons, 10-20 tons, More than 20 tons) and By Application (Food and Beverages, Pharmaceuticals, Chemicals, Others) - Forecast to 2035

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China Refrigerated Truck Market Summary

As per MRFR analysis, the China refrigerated truck market size was estimated at 1736.94 USD Million in 2024. The China refrigerated truck market is projected to grow from 1842.02 USD Million in 2025 to 3313.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.05% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The China refrigerated truck market is poised for substantial growth driven by evolving consumer demands and technological advancements.

  • The largest segment in the China refrigerated truck market is the food and beverage sector, which continues to expand due to rising consumer demand.
  • Technological advancements in refrigeration systems are enhancing the efficiency and reliability of refrigerated trucks.
  • Sustainability initiatives are increasingly influencing market dynamics, with a focus on reducing carbon footprints in logistics.
  • The growth of cold chain infrastructure and rising demand for perishable goods are key drivers propelling the market forward.

Market Size & Forecast

2024 Market Size 1736.94 (USD Million)
2035 Market Size 3313.0 (USD Million)

Major Players

Thermo King (US), Carrier Transicold (US), Danfoss (DK), Mitsubishi Heavy Industries (JP), Kühne + Nagel (DE), Wabash National Corporation (US), Great Dane Trailers (US), Utility Trailer Manufacturing Company (US)

China Refrigerated Truck Market Trends

The refrigerated truck market is experiencing notable growth, driven by the increasing demand for temperature-sensitive goods. This demand is largely attributed to the expanding food and pharmaceutical sectors, which require reliable transportation solutions to maintain product integrity. As urbanization continues to rise, the need for efficient cold chain logistics becomes more pronounced. The government has also implemented various policies to enhance infrastructure, which supports the development of this market. Furthermore, advancements in technology are leading to more energy-efficient and environmentally friendly refrigerated trucks, aligning with sustainability goals. In addition, the refrigerated truck market is witnessing a shift towards electric and hybrid vehicles. This transition is influenced by stricter emissions regulations and a growing awareness of environmental issues. Companies are investing in innovative solutions to reduce their carbon footprint while maintaining operational efficiency. The integration of IoT technology is also becoming prevalent, allowing for real-time monitoring of temperature and vehicle performance. These trends indicate a dynamic landscape where traditional practices are evolving to meet modern demands, ensuring the refrigerated truck market remains competitive and responsive to consumer needs.

Sustainability Initiatives

The refrigerated truck market is increasingly focusing on sustainability initiatives. Companies are adopting eco-friendly technologies, such as electric and hybrid vehicles, to reduce emissions. This shift is driven by regulatory pressures and consumer preferences for greener options.

Technological Advancements

Technological advancements are reshaping the refrigerated truck market. Innovations in temperature control systems and IoT integration enable real-time monitoring of cargo conditions. These developments enhance operational efficiency and ensure product quality during transit.

Infrastructure Development

Infrastructure development plays a crucial role in the refrigerated truck market. Government investments in cold chain logistics facilities and transportation networks are improving efficiency. This support is vital for meeting the growing demand for temperature-sensitive goods.

China Refrigerated Truck Market Drivers

E-commerce Expansion

The rapid expansion of e-commerce in China is significantly influencing the refrigerated truck market. With online grocery shopping becoming more prevalent, the need for reliable refrigerated transport solutions is paramount. In 2025, e-commerce sales in the food sector are expected to reach over $200 billion, creating a substantial demand for refrigerated logistics. The refrigerated truck market is adapting to this shift by providing specialized vehicles equipped with advanced temperature control systems. This adaptation ensures that perishable items remain fresh during delivery, thus enhancing customer satisfaction. As e-commerce continues to evolve, the refrigerated truck market is likely to experience sustained growth, driven by the need for efficient cold chain logistics.

Rising Demand for Perishable Goods

The increasing consumption of perishable goods in China is a primary driver for the refrigerated truck market. As urbanization accelerates, the demand for fresh produce, dairy products, and meat has surged. In 2025, the market for perishable goods is projected to grow by approximately 15%, necessitating efficient transportation solutions. The refrigerated truck market is responding to this demand by enhancing fleet capabilities to ensure the safe and timely delivery of temperature-sensitive products. This trend is further supported by the growing middle class, which is increasingly inclined to purchase fresh and high-quality food items. Consequently, logistics companies are investing in advanced refrigerated trucks to maintain product integrity during transit, thereby driving market growth.

Growth of Cold Chain Infrastructure

The expansion of cold chain infrastructure in China is a crucial driver for the refrigerated truck market. Investments in cold storage facilities and transportation networks are facilitating the efficient movement of perishable goods. In 2025, the cold chain logistics market is projected to grow by 25%, creating a robust demand for refrigerated trucks. The refrigerated truck market is benefiting from this growth as logistics providers seek to optimize their supply chains. Enhanced infrastructure not only improves delivery times but also ensures that products are stored and transported under ideal conditions. As the cold chain continues to develop, the refrigerated truck market is likely to experience significant growth opportunities.

Government Regulations on Food Safety

Stringent government regulations regarding food safety and quality in China are propelling the refrigerated truck market. Authorities have implemented strict guidelines to ensure that perishable goods are transported under optimal conditions. In 2025, compliance with these regulations is expected to drive a 20% increase in demand for refrigerated transport solutions. The refrigerated truck market is responding by upgrading existing fleets and investing in new technologies that meet regulatory standards. This focus on compliance not only enhances food safety but also boosts consumer confidence in the supply chain. As regulations become more rigorous, the market is likely to see a shift towards more advanced refrigerated vehicles that can maintain precise temperature controls.

Technological Innovations in Refrigeration

Technological advancements in refrigeration systems are transforming the refrigerated truck market. Innovations such as IoT-enabled temperature monitoring and energy-efficient cooling systems are becoming increasingly prevalent. In 2025, it is anticipated that the adoption of these technologies will enhance operational efficiency by up to 30%. The refrigerated truck market is leveraging these innovations to reduce energy consumption and improve temperature accuracy during transport. This not only lowers operational costs but also aligns with sustainability goals. As technology continues to evolve, the market is expected to witness a shift towards more sophisticated refrigerated trucks that offer enhanced performance and reliability.

Market Segment Insights

China Refrigerated Truck Market Segment Insights

China Refrigerated Truck Market Segment Insights

Refrigerated Truck Market Type Insights

Refrigerated Truck Market Type Insights

The China Refrigerated Truck Market demonstrates significant growth across various types, playing a pivotal role in the logistics and transportation sector. Within this dynamic landscape, the market is categorized into Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), and Heavy Commercial Vehicle (HCV). Light Commercial Vehicles are often utilized for delivering perishable goods in urban settings due to their nimble nature and ability to navigate congested environments, thus facilitating last-mile deliveries efficiently.

Meanwhile, Medium Commercial Vehicles have become essential for regional distribution; they strike a balance between payload capacity and maneuverability, making them suitable for transporting temperature-sensitive products across moderate distances. 

Heavy Commercial Vehicles, on the other hand, dominate long-haul transportation where significant volumes of goods need to be refrigerated, ensuring product safety and compliance with standards. As e-commerce continues to flourish in China, particularly in the food and pharmaceutical sectors, the demand for these refrigerated transport solutions is expected to soar. The growth of refrigerated trucking in China is also driven by the expanding cold chain logistics industry, which emphasizes the significance of maintaining product integrity throughout the supply chain. Moreover, government policies promoting food safety and quality assurance are bolstering the requirement for reliable refrigerated transport. 

Each segment plays a crucial role in meeting varying consumer demands and addressing unique logistical challenges, driving the evolution of Refrigerated Truck Market offerings in China. The integration of technology, including IoT for temperature monitoring and GPS for route optimization, is further enhancing the operational efficiency of these vehicles. As such, the continued investment in refrigerated transport infrastructure and vehicle technology signifies the critical importance of all three types in ensuring the success of the China Refrigerated Truck Market in the years to come.

Refrigerated Truck Market Tonnage Capacity Insights

Refrigerated Truck Market Tonnage Capacity Insights

The Tonnage Capacity segment of the China Refrigerated Truck Market plays a critical role in addressing the diverse logistics needs of the country's extensive cold chain distribution network. The segment is divided into three primary categories: Less than 10 tons, 10-20 tons, and More than 20 tons. Each of these categories serves unique market requirements, with vehicles under 10 tons being essential for urban deliveries and short-haul transport, facilitating efficient distribution in densely populated cities. The 10-20 tons category is important for regional distribution, balancing capacity and maneuverability, making it suitable for both urban and suburban environments.

Meanwhile, trucks with a capacity of more than 20 tons are designed for long-haul operations, catering to a growing demand for bulk transportation in sectors like agriculture, dairy, and pharmaceuticals. The expansion of the e-commerce industry and an increase in the consumption of perishable goods in China further drive the growth of this segment, emphasizing the need for reliable refrigerated transport solutions to maintain product quality and safety. With advancements in refrigeration technology and a rising focus on food safety regulations, all categories within this segment are set to grow, reflecting the dynamic landscape of the China Refrigerated Truck Market.

Refrigerated Truck Market Application Insights

Refrigerated Truck Market Application Insights

The Application segment of the China Refrigerated Truck Market plays a crucial role in ensuring the safe transit of temperature-sensitive goods. As the demand for efficient cold chain logistics rises, the market finds its direction driven by industries like Food and Beverages, Pharmaceuticals, and Chemicals. The Food and Beverages sector significantly influences market dynamics with its growing need for fresh produce and perishable items, supported by increasing consumer awareness regarding food safety. The Pharmaceuticals sector relies heavily on refrigerated transportation to maintain the integrity of vaccines and medical supplies, thus highlighting its essential role in public health.

Moreover, the Chemicals industry demands controlled temperature conditions for transporting various chemical products that require specific handling to prevent degradation or hazards. Additionally, other applications also contribute to market diversity, as they encompass a range of products requiring temperature control. With the increasing emphasis on cold chain management in China, the need for refrigerated trucks is expected to grow to support these essential industries, reflecting significant opportunities for market participants.

The overall China Refrigerated Truck Market statistics show a strong alignment between application demand and the efficiency of cold chain logistics in enhancing operational productivity and sustainability within various sectors.

Get more detailed insights about China Refrigerated Truck Market

Key Players and Competitive Insights

The refrigerated truck market in China is characterized by a dynamic competitive landscape, driven by increasing demand for temperature-sensitive goods and the expansion of e-commerce. Key players such as Thermo King (US), Carrier Transicold (US), and Mitsubishi Heavy Industries (JP) are strategically positioned to leverage innovation and technological advancements. These companies focus on enhancing energy efficiency and reducing emissions, which aligns with the growing emphasis on sustainability within the logistics sector. Their operational strategies, including partnerships and regional expansions, contribute to a competitive environment that is both collaborative and competitive, as firms seek to differentiate themselves through advanced solutions.

In terms of business tactics, localizing manufacturing and optimizing supply chains are critical for success in this market. The competitive structure appears moderately fragmented, with several players vying for market share. However, the influence of major companies is substantial, as they set benchmarks for quality and innovation. The collective efforts of these key players not only shape market dynamics but also drive advancements in technology and service offerings, which are essential for meeting the evolving needs of consumers.

In October 2025, Thermo King (US) announced the launch of its latest line of energy-efficient refrigeration units designed specifically for the Chinese market. This strategic move is significant as it underscores the company's commitment to sustainability and innovation, aiming to reduce energy consumption by up to 30% compared to previous models. Such advancements are likely to enhance Thermo King's competitive edge, particularly in a market increasingly focused on environmental impact.

In September 2025, Carrier Transicold (US) expanded its partnership with a leading logistics provider in China to enhance cold chain solutions. This collaboration is pivotal, as it allows Carrier to integrate its advanced refrigeration technologies with the logistics provider's extensive distribution network. The synergy created through this partnership is expected to improve service delivery and operational efficiency, thereby solidifying Carrier's position in the market.

In August 2025, Mitsubishi Heavy Industries (JP) unveiled a new range of refrigerated trucks equipped with IoT technology for real-time temperature monitoring. This innovation is particularly relevant in the context of rising consumer expectations for food safety and quality. By incorporating IoT capabilities, Mitsubishi not only enhances the reliability of its products but also positions itself as a leader in technological integration within the refrigerated transport sector.

As of November 2025, current trends in the refrigerated truck market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances among key players are shaping the landscape, fostering innovation and enhancing operational capabilities. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements, supply chain reliability, and sustainable practices. This shift indicates a future where companies that prioritize innovation and efficiency will thrive in an ever-evolving market.

Key Companies in the China Refrigerated Truck Market market include

Industry Developments

The China Refrigerated Truck Market has experienced significant developments recently, reflecting a robust demand for temperature-sensitive transportation solutions. In August 2023, China National Heavy Duty Truck Group announced an expansion in its refrigerated truck manufacturing capabilities, tapping into the growing need for cold-chain logistics, particularly in urban areas. SAIC Motor Corporation has also ramped up production to meet the rising demand from the food and pharmaceutical industries, significantly impacting their market share. In September 2023, MAN Truck and Bus unveiled its new refrigerated vehicle generation tailored for the Chinese market, emphasizing enhanced energy efficiency and innovative cooling technology. 

Moreover, Changan Automobile has reported a partnership with logistics companies to enhance the distribution network for refrigerated vehicles, planning to roll out several models by early 2024. In terms of financial growth, FAW Jiefang and Dongfeng Motor Corporation reported a year-on-year revenue increase attributed to their refrigerated truck divisions, showcasing the sector's resiliency. Notably, in June 2023, Volvo Trucks announced the acquisition of a key supply chain partner to strengthen their refrigerated truck offerings, a move aimed at enhancing operational efficiency and customer service levels in the booming Chinese market.

Future Outlook

China Refrigerated Truck Market Future Outlook

The refrigerated truck market in China is projected to grow at a 6.05% CAGR from 2024 to 2035, driven by rising demand for perishable goods and e-commerce expansion.

New opportunities lie in:

  • Development of advanced telematics for real-time temperature monitoring
  • Expansion of electric refrigerated trucks to reduce operational costs
  • Partnerships with e-commerce platforms for dedicated delivery fleets

By 2035, the refrigerated truck market is expected to achieve robust growth and enhanced operational efficiencies.

Market Segmentation

China Refrigerated Truck Market Type Outlook

  • Light Commercial Vehicle (LCV)
  • Medium Commercial Vehicle (MCV)
  • Heavy Commercial Vehicle (HCV)

China Refrigerated Truck Market Application Outlook

  • Food and Beverages
  • Pharmaceuticals
  • Chemicals
  • Others

China Refrigerated Truck Market Tonnage Capacity Outlook

  • Less than 10 tons
  • 10-20 tons
  • More than 20 tons

Report Scope

MARKET SIZE 20241736.94(USD Million)
MARKET SIZE 20251842.02(USD Million)
MARKET SIZE 20353313.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.05% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Thermo King (US)", "Carrier Transicold (US)", "Danfoss (DK)", "Mitsubishi Heavy Industries (JP)", "Kühne + Nagel (DE)", "Wabash National Corporation (US)", "Great Dane Trailers (US)", "Utility Trailer Manufacturing Company (US)"]
Segments CoveredType, Tonnage Capacity, Application
Key Market OpportunitiesAdoption of advanced temperature control technologies enhances efficiency in the refrigerated truck market.
Key Market DynamicsRising demand for temperature-sensitive goods drives innovation and competition in the refrigerated truck market.
Countries CoveredChina

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FAQs

What is the expected market size of the China Refrigerated Truck Market in 2024?

The China Refrigerated Truck Market is expected to be valued at 257.4 USD million in 2024.

What is the projected market size for the China Refrigerated Truck Market by 2035?

By 2035, the overall market for China Refrigerated Trucks is anticipated to reach 1000.0 USD million.

What is the expected compound annual growth rate (CAGR) for the China Refrigerated Truck Market from 2025 to 2035?

The expected CAGR for the China Refrigerated Truck Market from 2025 to 2035 is 13.131%.

Who are the major players in the China Refrigerated Truck Market?

Key players in the market include China National Heavy Duty Truck Group, SAIC Motor Corporation, MAN Truck & Bus, and FAW Jiefang among others.

What market value is attributed to Light Commercial Vehicles (LCV) in the China Refrigerated Truck Market by 2035?

The market value for Light Commercial Vehicles (LCV) in the China Refrigerated Truck Market is expected to reach 320.0 USD million by 2035.

What is the projected market value for Medium Commercial Vehicles (MCV) in 2024?

The market for Medium Commercial Vehicles (MCV) is projected to be valued at 100.0 USD million in 2024.

What are the expected growth opportunities in the China Refrigerated Truck Market?

The market presents growth opportunities driven by increased demand for refrigerated transportation across various industries.

What is the expected market size for Heavy Commercial Vehicles (HCV) in 2035?

The projected market size for Heavy Commercial Vehicles (HCV) is estimated to be 280.0 USD million by 2035.

How is the market for China Refrigerated Trucks expected to grow in the coming years?

The market is expected to see significant growth, fueled by rising consumer demand for perishable goods and improved logistics.

What impact does the global market scenario have on the China Refrigerated Truck Market?

The current global market scenario positively influences the China Refrigerated Truck Market by enhancing logistical efficiency and supply chain management.

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