The Global Refrigerated Vehicles Market size was estimated at USD 21.85 billion in 2022, and is projected to grow at a CAGR of 5.54% 2022 to 2030.

Global Refrigerated Vehicles Market Overview:

Refrigerated vehicles are used for the transportation of fragile foods, pharmaceuticals and health care products. Growing population and increasing consumer spending on food has led to a surge in production worldwide. Among foods, dairy products and fresh fruits and vegetables require refrigeration and transport for sustainability.

Increasing global warming is becoming a major concern for food producers worldwide, who are reducing the shelf life of these products under unrefrigerated conditions. Most pharmaceutical and health care products must be protected from heat and light to maintain their chemical and biological formulations. All of these concerns have been driving the market for refrigerated vehicles globally and are projected to increase in terms of growth rate during 2022-2030.

Refrigerated vehicles include large types of vehicles used for different transportation needs depending on the loading requirements. Some types include refrigerated vans, refrigerated trucks, refrigerated trailers, refrigerated rail cars, refrigerated vessels, air refrigerated transport, refrigerated containers, atmosphere controlled containers, intermodal refrigerated containers, insulated containers, integral refrigerated containers, and multimode temperature containers. Growing consumer awareness towards fresh products is one of the significant factors driving the demand for refrigerated vehicles across the globe.

Developing and underdeveloped countries have underdeveloped cold supply chain infrastructure, resulting in large amounts of food being destroyed each year. This also increases storage costs for food manufacturers and distributors as they must maintain regional distribution points in demand areas.

Refrigerated Vehicles market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Refrigerated Vehicles market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Refrigerated Vehicles Market Research:

Market Key Players:
Great Dane Trailers, Ingersol Rand, Mitsubishi Heavy Industries, Schmitz Cargobull, Thermo King, Carrier Transicold, And Others.

By Type:

• Refrigerated Vans
• Refrigerated Trucks
• Refrigerated Trailers
• Refrigerated Railcars
• Refrigerated Ships
• Other

By Application:

• Vulnerable Food Transportation
• Pharmaceutical Products Transportation
• Healthcare Products Transportation
• Other

By Region:

Among regions, North America dominated the global sales of the refrigerated vehicle market, followed by Europe. The refrigerated vehicle market has numerous market participants operating in a specific country or globally through subsidiaries.

However, the global refrigerated vehicle market is fragmented. It is moving more and more toward consolidation with multiple companies participating in merger and acquisition activities. Key market players include Great Dane Trailers, Ingersol Rand Company Limited, Mitsubishi Heavy Industries Limited, Schmitz Cargobull, R.O.M., Thermo King, Carrier Transicold, Johnson, PAR, Star-Trak, GE, OEM Group, Robert Bosch, Terion, Northgate Plc and Fraikin Limited.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Refrigerated Vehicles Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 5.54% from 2022 to 2030.
By Type	Refrigerated Vans, Refrigerated Trucks, Refrigerated Trailers, Refrigerated Railcars, Refrigerated Ships
By Application	Vulnerable Food Transportation, Pharmaceutical Products Transportation, Healthcare Products Transportation
By Companies	Great Dane Trailers, Ingersol Rand, Mitsubishi Heavy Industries, Schmitz Cargobull, Thermo King, Carrier Transicold
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Crucial Points from this Refrigerated Vehicles Market Report

• Estimate Refrigerated Vehicles market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Refrigerated Vehicles market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Refrigerated Vehicles market?

The Refrigerated Vehicles Market is growing at a CAGR of 5.54% During Forecast Period.

What are the key types of Refrigerated Vehicles market?

Refrigerated Vans, Refrigerated Trucks, Refrigerated Trailers, Refrigerated Railcars, Refrigerated Ships

What are the key applications of Refrigerated Vehicles market?

Vulnerable Food Transportation, Pharmaceutical Products Transportation, Healthcare Products Transportation

Who are the key players in Refrigerated Vehicles market?

Great Dane Trailers, Ingersol Rand, Mitsubishi Heavy Industries, Schmitz Cargobull, Thermo King, Carrier Transicold, and others.