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Increasing demand for perishable foods such as ready-to-eat food items, milk and dairy products, and fruits and vegetables are expected to drive innovation in refrigerated goods trucking manufacturing, thus driving the market during the forecast period.

The global refrigerated goods trucking market is expected to grow from $62.41 billion in 2022 to $68.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The global refrigerated goods trucking market size is expected to grow to $95.15 billion in 2027 at a CAGR of 8.6%.

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Global Refrigerated Goods Trucking Market Segments Include:

• By Vehicle Type: Light Commercial Vehicle, Medium Heavy Commercial Vehicles, Heavy Commercial Vehicles
• By Temperature: Single Temperature, Multi-Temperature
• By Application: Food Products, Poultry, Meat, and Seafood, Dairy and Beverages, Bakery And Confectionery, Pharmaceutical, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global refrigerated goods trucking market in 2021.

Major Market Players in the refrigerated goods trucking market include Schmitz Cargobull AG, Great Dane LLC., China International Marine Containers, Kogel Trailer GmbH & Co., Hyundai Translead Inc.

Major companies operating in this market are continuously investing in introducing new technologies such as cloud computing, IoT solutions, solar-powered systems, and communication technologies such as machine learning, GPS, and 5G for greater accountability, visibility, and performance in refrigerated storage and transport. It is estimated that investments in this field are likely to reach $40 billion by the end of 2020. Moreover, in April 2020, Carrier Transicold launched a solar charging system for transport refrigeration unit batteries that has an innovative design that conveniently fits on top of the unit. The innovative solar charging system is capable of delivering 2.0-amp power delivery by combining ultrapure silicon cells with a high-performance charge controller.

The Refrigerated Goods Trucking Global Market Report 2023  provides a refrigerated goods trucking market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The refrigerated goods trucking market forecast analyzes refrigerated goods trucking market size, refrigerated goods trucking market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Refrigerated goods trucking refers to a type of shipping that uses temperature-controlled trucks with special equipment in which the cargoes are kept at a controlled temperature throughout the shipping process by an integrated refrigeration system in the transport trucks to provide over-the-road transportation of refrigerated goods.

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