Refrigerated Trailer Market Updates

Global Refrigerated Trailer market size was valued at USD 48.04 Billion in 2023 and is poised to grow from USD 50.10 Billion in 2024 to USD 69.01 Billion by 2032, growing at a CAGR of 4.10% in the forecast period (2025-2032).

The market is very competitive with companies like Utility Trailer, Schmitz Cargobull, Wabash National, Great Dane, and Krone redefining the market landscape. To remain competitive and relevant in the refrigerated trailer market, these companies focus on expansion through innovation, acquisitions, and regional expansion. Other tactics that businesses use to stay at the top of their game include investing in incorporating modern features in refrigerated trailers. For example, In May 2025, Utility Trailer had introduced advanced features for its 3000R refrigerated trailers to improve and enhance multi-temp versatility and payload capacity. 'Great Dane Trailers, Inc (United States)', 'Schmitz Cargobull AG (Germany)', 'Kogel Trailer GmbH & Co. KG (Germany)', 'Gray & Adams (United Kingdom)', 'AVIC International Holdings Group (Lamberet) (China)', 'Utility Trailer Manufacturing Company (United States)', 'Wabash National Corporation (United States)', 'Krone Trailer (Germany)', 'KRESS Fahrzeugbau GmbH (Germany)', 'Polar King International (United States)'

Temperature-sensitive products such as perishable and frozen food, pharmaceuticals, etc. are in huge demand now-a-days. This, in turn, increases the need for refrigerated trailers so that proper temperature control is maintained during transportation. Thus, refrigerated trailers are becoming vital with the need for the growing food and beverage and pharmaceuticals industries worldwide. This need to maintain the quality of these items is contributing to its market growth.

Focus on Food Safety & Pharmaceutical Regulations Compliance:

Why is Europe Leading Refrigerated Trailer Market in 2024?