Refrigerated Transport Market Size, Share, and Trends 2024 to 2034

The global refrigerated transport market size is calculated at USD 50.45 billion in 2025 and is forecasted to reach around USD 398.63 billion by 2034, accelerating at a CAGR of 26.05% from 2025 to 2034. The Asia Pacific refrigerated transport market size accounted for USD 19.17 billion in 2025 and is expanding at a CAGR of 26.21% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 1789
  • Category : Food and Beverages

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Refrigerated Transport Market 

5.1. COVID-19 Landscape: Refrigerated Transport Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Refrigerated Transport Market, By Product

8.1. Refrigerated Transport Market, by Product

8.1.1. Chilled Food

8.1.1.1. Market Revenue and Forecast

8.1.2. Frozen Food

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Refrigerated Transport Market, By Temperature

9.1. Refrigerated Transport Market, by Temperature

9.1.1. Multiple Temperature

9.1.1.1. Market Revenue and Forecast

9.1.2. Single Temperature

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Refrigerated Transport Market, By Technology 

10.1. Refrigerated Transport Market, by Technology

10.1.1. Vapor compression system

10.1.1.1. Market Revenue and Forecast

10.1.2. Cyrogenic System

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Refrigerated Transport Market, By Vehicle Used

11.1. Refrigerated Transport Market, by Vehicle Used

11.1.1. Heavy Commercial Vehicle

11.1.1.1. Market Revenue and Forecast

11.1.2. Light Commercial Vehicle

11.1.2.1. Market Revenue and Forecast

11.1.3. Medium Commercial Vehicle

11.1.3.1. Market Revenue and Forecast

Chapter 12. Global Refrigerated Transport Market, By Mode of Transport (Road)

12.1. Refrigerated Transport Market, by Mode of Transport (Road)

12.1.1. LCV

12.1.1.1. Market Revenue and Forecast

12.1.2. MHCV

12.1.2.1. Market Revenue and Forecast

12.1.3. HCV

12.1.3.1. Market Revenue and Forecast

Chapter 13. Global Refrigerated Transport Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Product

13.1.2. Market Revenue and Forecast, by Temperature

13.1.3. Market Revenue and Forecast, by Technology

13.1.4. Market Revenue and Forecast, by Vehicle Used

13.1.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Product

13.1.6.2. Market Revenue and Forecast, by Temperature

13.1.6.3. Market Revenue and Forecast, by Technology

13.1.6.4. Market Revenue and Forecast, by Vehicle Used

13.1.7. Market Revenue and Forecast, by Mode of Transport (Road)  

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Product

13.1.8.2. Market Revenue and Forecast, by Temperature

13.1.8.3. Market Revenue and Forecast, by Technology

13.1.8.4. Market Revenue and Forecast, by Vehicle Used

13.1.8.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Product

13.2.2. Market Revenue and Forecast, by Temperature

13.2.3. Market Revenue and Forecast, by Technology

13.2.4. Market Revenue and Forecast, by Vehicle Used  

13.2.5. Market Revenue and Forecast, by Mode of Transport (Road)  

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Product

13.2.6.2. Market Revenue and Forecast, by Temperature

13.2.6.3. Market Revenue and Forecast, by Technology

13.2.7. Market Revenue and Forecast, by Vehicle Used  

13.2.8. Market Revenue and Forecast, by Mode of Transport (Road)  

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Product

13.2.9.2. Market Revenue and Forecast, by Temperature

13.2.9.3. Market Revenue and Forecast, by Technology

13.2.10. Market Revenue and Forecast, by Vehicle Used

13.2.11. Market Revenue and Forecast, by Mode of Transport (Road)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Product

13.2.12.2. Market Revenue and Forecast, by Temperature

13.2.12.3. Market Revenue and Forecast, by Technology

13.2.12.4. Market Revenue and Forecast, by Vehicle Used

13.2.13. Market Revenue and Forecast, by Mode of Transport (Road)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Product

13.2.14.2. Market Revenue and Forecast, by Temperature

13.2.14.3. Market Revenue and Forecast, by Technology

13.2.14.4. Market Revenue and Forecast, by Vehicle Used

13.2.15. Market Revenue and Forecast, by Mode of Transport (Road)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Product

13.3.2. Market Revenue and Forecast, by Temperature

13.3.3. Market Revenue and Forecast, by Technology

13.3.4. Market Revenue and Forecast, by Vehicle Used

13.3.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Product

13.3.6.2. Market Revenue and Forecast, by Temperature

13.3.6.3. Market Revenue and Forecast, by Technology

13.3.6.4. Market Revenue and Forecast, by Vehicle Used

13.3.7. Market Revenue and Forecast, by Mode of Transport (Road)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Product

13.3.8.2. Market Revenue and Forecast, by Temperature

13.3.8.3. Market Revenue and Forecast, by Technology

13.3.8.4. Market Revenue and Forecast, by Vehicle Used

13.3.9. Market Revenue and Forecast, by Mode of Transport (Road)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Product

13.3.10.2. Market Revenue and Forecast, by Temperature

13.3.10.3. Market Revenue and Forecast, by Technology

13.3.10.4. Market Revenue and Forecast, by Vehicle Used

13.3.10.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Product

13.3.11.2. Market Revenue and Forecast, by Temperature

13.3.11.3. Market Revenue and Forecast, by Technology

13.3.11.4. Market Revenue and Forecast, by Vehicle Used

13.3.11.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Product

13.4.2. Market Revenue and Forecast, by Temperature

13.4.3. Market Revenue and Forecast, by Technology

13.4.4. Market Revenue and Forecast, by Vehicle Used

13.4.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Product

13.4.6.2. Market Revenue and Forecast, by Temperature

13.4.6.3. Market Revenue and Forecast, by Technology

13.4.6.4. Market Revenue and Forecast, by Vehicle Used

13.4.7. Market Revenue and Forecast, by Mode of Transport (Road)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Product

13.4.8.2. Market Revenue and Forecast, by Temperature

13.4.8.3. Market Revenue and Forecast, by Technology

13.4.8.4. Market Revenue and Forecast, by Vehicle Used

13.4.9. Market Revenue and Forecast, by Mode of Transport (Road)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Product

13.4.10.2. Market Revenue and Forecast, by Temperature

13.4.10.3. Market Revenue and Forecast, by Technology

13.4.10.4. Market Revenue and Forecast, by Vehicle Used

13.4.10.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Product

13.4.11.2. Market Revenue and Forecast, by Temperature

13.4.11.3. Market Revenue and Forecast, by Technology

13.4.11.4. Market Revenue and Forecast, by Vehicle Used

13.4.11.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Product

13.5.2. Market Revenue and Forecast, by Temperature

13.5.3. Market Revenue and Forecast, by Technology

13.5.4. Market Revenue and Forecast, by Vehicle Used

13.5.5. Market Revenue and Forecast, by Mode of Transport (Road)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Product

13.5.6.2. Market Revenue and Forecast, by Temperature

13.5.6.3. Market Revenue and Forecast, by Technology

13.5.6.4. Market Revenue and Forecast, by Vehicle Used

13.5.7. Market Revenue and Forecast, by Mode of Transport (Road)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Product

13.5.8.2. Market Revenue and Forecast, by Temperature

13.5.8.3. Market Revenue and Forecast, by Technology

13.5.8.4. Market Revenue and Forecast, by Vehicle Used

13.5.8.5. Market Revenue and Forecast, by Mode of Transport (Road)

Chapter 14. Company Profiles

14.1. United Technologies Corporation (Carrier Corporation) (US

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. DAIKIN INDUSTRIES Ltd.(Japan)

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Utility Trailer Manufacturing Company (US)

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Singamas Container Holdings Limited (China)

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Hyundai (Korea)

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. VE Commercial Vehicles Limited (India)

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Shaanxi TianhuiInlong Trading Co. Ltd (China)

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Wabash National Corporation (US)

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Great Dane LLC (US

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Schmitz Cargobull (Germany)

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

 

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Frequently Asked Questions

The global refrigerated transport market size was reached at USD 39.38 billion in 2024 and it is anticipated to rake around USD 398.63 billion by 2034.

The global refrigerated transport market is growing at a CAGR of 26.05% during the forecast period 2025 to 2034.

The major players operating in the refrigerated transport market are United Technologies Corporation (Carrier Corporation) (US), DAIKIN INDUSTRIES Ltd.(Japan), Utility Trailer Manufacturing Company (US), Singamas Container Holdings Limited (China), Hyundai (Korea), VE Commercial Vehicles Limited (India), Shaanxi Tianhui Inlong Trading Co. Ltd (China), Wabash National Corporation (US), Great Dane LLC (US), Schmitz Cargobull (Germany), KRONE (Germany).

Increase in the demand for plant based perishable products another ready to eat food products in the developing nations is driving the growth of the market.

The Asia Pacific region accounted largest market share for the refrigerator transport market in 2024 and will lead in the next 10 years.

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