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US Refrigerated Truck Market

ID: MRFR/PCM/18688-HCR
100 Pages
Garvit Vyas
October 2025

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

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US Refrigerated Truck Market Summary

As per MRFR analysis, the US refrigerated truck market Size was estimated at 6.95 USD Billion in 2024. The US refrigerated truck market is projected to grow from 7.3 USD Billion in 2025 to 11.98 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.08% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US refrigerated truck market is experiencing robust growth driven by technological advancements and increasing demand for fresh produce.

  • Technological advancements in refrigeration systems are enhancing efficiency and reducing energy consumption.
  • Sustainability initiatives are becoming a focal point, with companies seeking eco-friendly solutions in their logistics operations.
  • The e-commerce sector is expanding rapidly, leading to increased demand for refrigerated transport to ensure product quality.
  • Rising demand for fresh produce and the expansion of the food delivery sector are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 6.95 (USD Billion)
2035 Market Size 11.98 (USD Billion)

Major Players

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

US Refrigerated Truck Market Trends

The refrigerated truck market is currently experiencing notable transformations driven by evolving consumer preferences and regulatory changes. As the demand for fresh and perishable goods continues to rise, the need for efficient transportation solutions becomes increasingly critical. This market is characterized by a diverse range of vehicles designed to maintain specific temperature ranges, ensuring product integrity during transit. Innovations in technology, such as advanced refrigeration systems and telematics, are enhancing operational efficiency and reducing energy consumption. Furthermore, sustainability initiatives are prompting manufacturers to explore eco-friendly alternatives, which may reshape the competitive landscape. In addition, the refrigerated truck market is witnessing a shift towards e-commerce, as online grocery shopping gains traction. This trend necessitates a more agile logistics framework capable of meeting the expectations of consumers for timely deliveries. The integration of smart technologies is likely to play a pivotal role in optimizing supply chains and improving service levels. As the market evolves, stakeholders must remain vigilant to adapt to these changes and leverage emerging opportunities for growth.

Technological Advancements

The refrigerated truck market is increasingly influenced by technological innovations. Advanced refrigeration systems are being developed to enhance temperature control and energy efficiency. Additionally, telematics solutions are being integrated to monitor vehicle performance and optimize routes, which may lead to reduced operational costs and improved service delivery.

Sustainability Initiatives

Sustainability is becoming a focal point within the refrigerated truck market. Manufacturers are exploring eco-friendly materials and energy-efficient technologies to reduce carbon footprints. This shift towards greener practices not only aligns with regulatory requirements but also meets the growing consumer demand for environmentally responsible logistics.

E-commerce Growth

The rise of e-commerce is reshaping the refrigerated truck market. As online grocery shopping becomes more prevalent, logistics providers are adapting their operations to ensure timely deliveries of perishable goods. This trend necessitates enhanced supply chain agility and may drive investments in specialized refrigerated transport solutions.

US Refrigerated Truck Market Drivers

Rising Demand for Fresh Produce

The increasing consumer preference for fresh and organic produce is driving the refrigerated truck market. As more consumers seek out fresh fruits and vegetables, retailers and distributors are compelled to enhance their supply chains. This trend is particularly evident in the US, where the market for fresh produce has expanded significantly, with sales reaching approximately $60 billion in 2025. Consequently, the need for efficient refrigerated transport solutions has surged, as maintaining optimal temperature control during transit is crucial for preserving product quality. The refrigerated truck market is thus experiencing heightened demand, as businesses invest in modern fleets to meet consumer expectations and regulatory standards for food safety.

Growth of the Pharmaceutical Sector

The expansion of the pharmaceutical sector is a crucial driver for the refrigerated truck market. With the increasing demand for temperature-sensitive medications and vaccines, the need for reliable refrigerated transport solutions has intensified. In 2025, the US pharmaceutical market is projected to surpass $500 billion, necessitating stringent logistics capabilities to ensure product integrity. The refrigerated truck market plays a vital role in this context, as it provides the necessary infrastructure to transport sensitive products under controlled conditions. As the pharmaceutical sector continues to grow, the demand for specialized refrigerated transport is likely to increase, further propelling the refrigerated truck market.

Expansion of the Food Delivery Sector

The rapid growth of the food delivery sector is a pivotal driver for the refrigerated truck market. With the rise of online food ordering platforms, restaurants and food service providers are increasingly reliant on refrigerated transport to ensure the safe delivery of perishable items. In 2025, the food delivery market in the US is projected to exceed $30 billion, necessitating a robust logistics framework that includes refrigerated trucks. This trend underscores the importance of temperature-controlled vehicles in maintaining food safety and quality during transit. As the food delivery sector continues to evolve, the refrigerated truck market is likely to see sustained growth, as businesses adapt to changing consumer behaviors and preferences.

Technological Innovations in Refrigeration

Technological advancements in refrigeration systems are transforming the refrigerated truck market. Innovations such as energy-efficient cooling technologies and IoT-enabled temperature monitoring systems are enhancing the operational efficiency of refrigerated transport. In 2025, the market for advanced refrigeration technologies is anticipated to reach $5 billion in the US, reflecting a growing emphasis on sustainability and cost-effectiveness. These innovations not only improve temperature control but also reduce energy consumption, aligning with the industry's shift towards greener practices. The refrigerated truck market is thus positioned to benefit from these technological developments, as businesses seek to optimize their logistics operations while minimizing environmental impact.

Regulatory Compliance and Food Safety Standards

Stringent regulatory requirements regarding food safety and transportation are significantly influencing the refrigerated truck market. In the US, the Food and Drug Administration (FDA) has established guidelines that mandate specific temperature controls for transporting perishable goods. As compliance with these regulations becomes increasingly critical, businesses are investing in advanced refrigerated transport solutions. The refrigerated truck market is thus witnessing a shift towards more sophisticated technologies that ensure adherence to safety standards. This trend not only enhances food safety but also mitigates the risk of financial penalties associated with non-compliance. As regulations evolve, the demand for reliable refrigerated transport is expected to grow.

Key Players and Competitive Insights

The refrigerated truck market is currently characterized by a dynamic competitive landscape, driven by increasing demand for temperature-sensitive goods and the need for efficient logistics solutions. Key players such as Thermo King (US), Carrier Transicold (US), and Wabash National Corporation (US) are strategically positioned to leverage innovation and technological advancements. For instance, Thermo King (US) focuses on enhancing energy efficiency and reducing emissions, aligning with the growing emphasis on sustainability. Meanwhile, Carrier Transicold (US) emphasizes digital transformation, integrating IoT technologies to optimize fleet management and improve operational efficiency. These strategies collectively shape a competitive environment that is increasingly focused on sustainability and technological integration.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and enhance supply chain resilience. The market structure appears moderately fragmented, with several key players exerting influence while also facing competition from emerging firms. This fragmentation allows for diverse offerings and innovation, as companies strive to differentiate themselves through unique value propositions and operational efficiencies.

In October 2025, Wabash National Corporation (US) announced a partnership with a leading technology firm to develop advanced telematics solutions for refrigerated trucks. This strategic move is likely to enhance real-time monitoring capabilities, thereby improving temperature control and reducing spoilage during transit. Such innovations are crucial as they address the growing consumer demand for transparency and reliability in food supply chains.

In September 2025, Carrier Transicold (US) launched a new line of eco-friendly refrigeration units designed to meet stringent environmental regulations. This initiative not only positions the company as a leader in sustainable practices but also responds to increasing regulatory pressures and consumer preferences for greener solutions. The introduction of these units may significantly impact market dynamics by setting new standards for energy efficiency in refrigerated transport.

In August 2025, Thermo King (US) expanded its service network across the Midwest, enhancing its ability to provide timely support and maintenance for its refrigeration units. This expansion is strategically important as it strengthens customer relationships and ensures operational reliability, which is vital in the competitive landscape where downtime can lead to significant losses.

As of November 2025, current trends in the refrigerated truck market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. The competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological advancements, supply chain reliability, and sustainable practices. This shift indicates a future where companies that prioritize innovation and operational excellence will likely emerge as leaders in the market.

Key Companies in the US Refrigerated Truck Market market include

Future Outlook

US Refrigerated Truck Market Future Outlook

The refrigerated truck market is projected to grow at a 5.08% CAGR from 2024 to 2035, driven by increasing demand for temperature-sensitive goods and advancements in logistics technology.

New opportunities lie in:

  • Development of advanced telematics for real-time temperature monitoring
  • Expansion of electric refrigerated trucks to reduce operational costs
  • Integration of AI for optimized route planning and fuel efficiency

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

Market Segmentation

US Refrigerated Truck Market Type Outlook

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

US Refrigerated Truck Market Application Outlook

  • Food and Beverages
  • Pharmaceuticals
  • Chemicals
  • Others

US Refrigerated Truck Market Tonnage Capacity Outlook

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

Report Scope

MARKET SIZE 20246.95(USD Billion)
MARKET SIZE 20257.3(USD Billion)
MARKET SIZE 203511.98(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.08% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies Profiled["Thermo King (US)", "Carrier Transicold (US)", "Danfoss (DK)", "Mitsubishi Heavy Industries (JP)", "Kühne + Nagel (CH)", "Wabash National Corporation (US)", "Great Dane Trailers (US)", "Utility Trailer Manufacturing Company (US)", "Frigoblock (BE)"]
Segments CoveredType, Tonnage Capacity, Application
Key Market OpportunitiesIntegration of advanced telematics for enhanced fleet management and operational efficiency in refrigerated truck market.
Key Market DynamicsRising demand for energy-efficient refrigerated trucks driven by stringent environmental regulations and evolving consumer preferences.
Countries CoveredUS

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FAQs

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

The US Refrigerated Truck Market is expected to be valued at 760.0 USD Million in 2024.

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

By 2035, the US Refrigerated Truck Market is projected to reach a value of 1520.0 USD Million.

What is the expected compound annual growth rate (CAGR) for the US Refrigerated Truck Market?

The expected CAGR for the US Refrigerated Truck Market from 2025 to 2035 is 6.504%.

Which segment of the US Refrigerated Truck Market holds the largest market share?

The Light Commercial Vehicle (LCV) segment is expected to have a significant market share, valued at 250.0 USD Million in 2024.

What will the market value of Medium Commercial Vehicles (MCV) be in 2035?

The Medium Commercial Vehicle (MCV) segment is projected to reach a value of 600.0 USD Million by 2035.

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

Key players include Landstar System, Schneider National, Ryder System, and Tyson Foods among others.

What will be the market value of Heavy Commercial Vehicles (HCV) in 2024?

The Heavy Commercial Vehicle (HCV) segment is valued at 210.0 USD Million in 2024.

What are the key applications driving the US Refrigerated Truck Market?

Key applications include transportation of perishable goods such as food and pharmaceuticals.

What is the expected growth for the Light Commercial Vehicle (LCV) segment by 2035?

The Light Commercial Vehicle (LCV) segment is expected to grow to 500.0 USD Million by 2035.

How will the current market trends influence the US Refrigerated Truck Market growth?

Emerging trends in e-commerce and demand for fresh food products are anticipated to positively influence market growth.

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