Reefer Truck Market Report: Trends, Forecast and Competitive Analysis to 2030

Reefer Truck Trends and Forecast

The future of the global reefer truck market looks promising with opportunities in the food and beverage, pharmaceutical, and chemical markets. The global reefer truck market is expected to reach an estimated $17.3 billion by 2030 with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are rise in the global population and improvements in the standards of living, as well as, increasing need for perishable goods to remain fresh that resulted in a rise in the use of refrigerators in large commercial vehicles.

A more than 150-page report is developed to help in your business decisions.

Reefer Truck by Segment

The study includes a forecast for the global reefer truck by vehicle type, tonnage capacity, application, and region.

Reefer Truck Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Light Commercial Vehicle
• Medium Commercial Vehicle
• Heavy Commercial Vehicle

Reefer Truck Market by Tonnage Capacity [Shipment Analysis by Value from 2018 to 2030]:

• Less Than 10 Tons
• 10-20 Tons
• More Than 20 Tons

Reefer Truck Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food and Beverages
• Pharmaceuticals
• Chemicals
• Others

Reefer Truck Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Reefer Truck Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies reefer truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the reefer truck companies profiled in this report include-

• Kogel Trailer
• Hyundai Translead
• Wabash National
• Fahrzeugwert Bernard Krone
• China International Marine Containers
• GRW Tankers and Trailers
• Lamberet
• Great Dane
• Chereau
• Schmitz Cargobull

Reefer Truck Market Insights

Lucintel forecasts that medium commercial vehicle is expected to witness the highest growth over the forecast period because they offer a balance between size and efficiency, making them suitable for diverse applications like intra-city and inter-city transportation.

APAC will remain the largest region over the forecast period due to the rise in the number of fast-food businesses in developing nations that resulted in a greater need for reefer trucks to deliver food components.

Features of the Global Reefer Truck Market

Market Size Estimates: Reefer truck market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Reefer truck market size by vehicle type, tonnage capacity, application, and region in terms of value ($B).

Regional Analysis: Reefer truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle type, tonnage capacity, application, and regions for the reefer truck market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the reefer truck market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the reefer truck market size?

Answer: The global reefer truck market is expected to reach an estimated $17.3 billion by 2030.

Q2. What is the growth forecast for reefer truck market?

Answer: The global reefer truck market is expected to grow with a CAGR of 8.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the reefer truck market?

Answer: The major drivers for this market are rise in the global population and improvements in the standards of living, as well as, increasing need for perishable goods to remain fresh that resulted in a rise in the use of refrigerators in large commercial vehicles.

Q4. What are the major segments for reefer truck market?

Answer: The future of the global reefer truck market looks promising with opportunities in the food and beverage, pharmaceutical, and chemical markets.

Q5. Who are the key reefer truck market companies?

Answer: Some of the key reefer truck companies are as follows.

• Kogel Trailer
• Hyundai Translead
• Wabash National
• Fahrzeugwert Bernard Krone
• China International Marine Containers
• GRW Tankers and Trailers
• Lamberet
• Great Dane
• Chereau
• Schmitz Cargobull

Q6. Which reefer truck market segment will be the largest in future?

Answer: Lucintel forecasts that medium commercial vehicle is expected to witness the highest growth over the forecast period because they offer a balance between size and efficiency, making them suitable for diverse applications like intra-city and inter-city transportation.

Q7. In reefer truck market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the rise in the number of fast-food businesses in developing nations that resulted in a greater need for reefer trucks to deliver food components.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the reefer truck market by vehicle type (light commercial vehicle, medium commercial vehicle, and heavy commercial vehicle), tonnage capacity (less than 10 tons, 10-20 tons, and more than 20 tons), application (food and beverages, pharmaceuticals, chemicals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?