Product Code: 30473
Global Refrigerated Truck Rental Market was valued at USD 124.78 Billion in 2024 and is expected to reach USD 203.57 Billion by 2030 with a CAGR of 8.50% during the forecast period. The Global Refrigerated Truck Rental market is witnessing steady growth driven by the rising demand for temperature-controlled transportation solutions across food, pharmaceuticals, and perishable goods industries. Growth is fueled by the increasing consumption of fresh and frozen foods, expansion of e-commerce platforms requiring cold chain logistics, and rising awareness of food safety standards, which push businesses to adopt reliable refrigerated transport. Technological advancements in truck design, including improved insulation, fuel efficiency, and real-time temperature monitoring, enhance operational efficiency and customer confidence.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 124.78 Billion |
Market Size 2030 | USD 203.57 Billion |
CAGR 2025-2030 | 8.50% |
Fastest Growing Segment | Long Term |
Largest Market | North America |
Market Drivers
Increasing Demand for Cold Chain Logistics
The growing need for cold chain logistics is a key driver of the refrigerated truck rental market. Industries such as food and beverages, pharmaceuticals, and biotechnology rely heavily on temperature-controlled transport to maintain the quality and safety of their products. The expansion of grocery delivery services, online food ordering platforms, and e-commerce for fresh and frozen goods has amplified the requirement for reliable refrigerated transportation. Businesses are increasingly opting for rented refrigerated trucks to manage peak demand, seasonal fluctuations, and last-mile delivery challenges without investing heavily in fleet ownership. For instance, around 70% of food industry product costs are tied to logistics, while roughly 80% of pharmaceuticals require temperature-controlled transport. Cold chain pharmaceutical sales, including insulin, are increasing at 7.1% annually, with biologics, vaccines, and personalized medicines fueling growth. Shifts in consumer habits toward online grocery, fresh produce, and organic food, alongside stricter safety regulations, further accelerate demand.
Key Market Challenges
High Operational and Maintenance Costs
High operational and maintenance costs pose a major challenge for the refrigerated truck rental market. Refrigerated vehicles require specialized components, including refrigeration units, insulated cargo compartments, and temperature-monitoring systems, which increase maintenance complexity and expense. Regular servicing and repair of refrigeration systems are necessary to prevent equipment failure and product spoilage, adding to operational costs for rental providers. Fuel consumption is also higher than standard trucks due to the energy required for refrigeration, impacting profitability and pricing models. Companies renting vehicles must factor in higher operating costs, which can limit adoption among small and medium enterprises. Maintaining a well-functioning fleet requires continuous investment in maintenance infrastructure, skilled technicians, and replacement parts.
Key Market Trends
Integration of IoT and Telematics
The adoption of IoT and telematics solutions in refrigerated truck rentals is transforming fleet management and operational efficiency. Sensors and real-time monitoring systems track temperature, humidity, vehicle location, and engine performance, enabling proactive interventions to prevent spoilage and mechanical failure. Fleet operators can optimize delivery routes, monitor driver behavior, and reduce fuel consumption, improving both cost efficiency and sustainability. Predictive maintenance features powered by data analytics allow providers to schedule servicing before breakdowns occur, reducing downtime and enhancing reliability. Integration of telematics also ensures compliance with regulatory standards, as detailed logs of temperature and transport conditions can be maintained for audits and certifications. This technology-driven approach improves transparency and customer confidence while enabling scalable and flexible rental operations.
Key Market Players
- ALLROUND Car Rental
- Enterprise Holdings, Inc.
- Fraikin
- Penske Corporation, Inc.
- Petit Forestier
- The Hertz Corporation
- Ryder System, Inc.
- Auto Wichert GmbH
- FedEx
- Polar Leasing, Inc.
Report Scope:
In this report, the global Refrigerated Truck Rental Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Refrigerated Truck Rental Market, By Truck Type:
- Light (Upto 7.5t)
- Medium (7.5t to 14t)
- Heavy (More than 14t)
Refrigerated Truck Rental Market, By Rental Type:
Refrigerated Truck Rental Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe & CIS
- Germany
- France
- U.K.
- Spain
- Italy
- Asia-Pacific
- China
- Japan
- India
- Vietnam
- South Korea
- Australia
- Thailand
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the global Refrigerated Truck Rental Market.
Available Customizations:
Global Refrigerated Truck Rental Market report with the given market data, Tech Sci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Introduction
- 1.1. Product Overview
- 1.2. Key Highlights of the Report
- 1.3. Market Coverage
- 1.4. Market Segments Covered
- 1.5. Research Tenure Considered
2. Research Methodology
- 2.1. Methodology Landscape
- 2.2. Objective of the Study
- 2.3. Baseline Methodology
- 2.4. Formulation of the Scope
- 2.5. Assumptions and Limitations
- 2.6. Sources of Research
- 2.7. Approach for the Market Study
- 2.8. Methodology Followed for Calculation of Market Size & Market Shares
- 2.9. Forecasting Methodology
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Global Refrigerated Truck Rental Market Outlook
- 4.1. Market Size & Forecast
- 4.2. Market Share & Forecast
- 4.2.1. By Truck Type Market Share Analysis (Light (Upto 7.5t), Medium (7.5t to 14t), Heavy (More than 14t))
- 4.2.2. By Rental Type Market Share Analysis (Short Term, Long Term)
- 4.2.3. By Region
- 4.2.4. By Company (2024)
- 4.3. Market Map
5. North America Refrigerated Truck Rental Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Truck Type
- 5.2.2. By Rental Type
- 5.2.3. By Country
- 5.3. North America: Country Analysis
- 5.3.1. United States Refrigerated Truck Rental Market Outlook
- 5.3.1.1. Market Size & Forecast
- 5.3.1.2. Market Share & Forecast
- 5.3.1.2.1. By Truck Type
- 5.3.1.2.2. By Rental Type
- 5.3.2. Canada Refrigerated Truck Rental Market Outlook
- 5.3.2.1. Market Size & Forecast
- 5.3.2.2. Market Share & Forecast
- 5.3.2.2.1. By Truck Type
- 5.3.2.2.2. By Rental Type
- 5.3.3. Mexico Refrigerated Truck Rental Market Outlook
- 5.3.3.1. Market Size & Forecast
- 5.3.3.2. Market Share & Forecast
- 5.3.3.2.1. By Truck Type
- 5.3.3.2.2. By Rental Type
6. Europe & CIS Refrigerated Truck Rental Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Truck Type
- 6.2.2. By Rental Type
- 6.2.3. By Country
- 6.3. Europe & CIS: Country Analysis
- 6.3.1. France Refrigerated Truck Rental Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Truck Type
- 6.3.1.2.2. By Rental Type
- 6.3.2. Germany Refrigerated Truck Rental Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Truck Type
- 6.3.2.2.2. By Rental Type
- 6.3.3. Spain Refrigerated Truck Rental Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Truck Type
- 6.3.3.2.2. By Rental Type
- 6.3.4. Italy Refrigerated Truck Rental Market Outlook
- 6.3.4.1. Market Size & Forecast
- 6.3.4.2. Market Share & Forecast
- 6.3.4.2.1. By Truck Type
- 6.3.4.2.2. By Rental Type
- 6.3.5. United Kingdom Refrigerated Truck Rental Market Outlook
- 6.3.5.1. Market Size & Forecast
- 6.3.5.2. Market Share & Forecast
- 6.3.5.2.1. By Truck Type
- 6.3.5.2.2. By Rental Type
7. Asia-Pacific Refrigerated Truck Rental Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Truck Type
- 7.2.2. By Rental Type
- 7.2.3. By Country
- 7.3. Asia-Pacific: Country Analysis
- 7.3.1. China Refrigerated Truck Rental Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Truck Type
- 7.3.1.2.2. By Rental Type
- 7.3.2. Japan Refrigerated Truck Rental Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Truck Type
- 7.3.2.2.2. By Rental Type
- 7.3.3. India Refrigerated Truck Rental Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Truck Type
- 7.3.3.2.2. By Rental Type
- 7.3.4. Vietnam Refrigerated Truck Rental Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Truck Type
- 7.3.4.2.2. By Rental Type
- 7.3.5. South Korea Refrigerated Truck Rental Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Truck Type
- 7.3.5.2.2. By Rental Type
- 7.3.6. Australia Refrigerated Truck Rental Market Outlook
- 7.3.6.1. Market Size & Forecast
- 7.3.6.2. Market Share & Forecast
- 7.3.6.2.1. By Truck Type
- 7.3.6.2.2. By Rental Type
- 7.3.7. Thailand Refrigerated Truck Rental Market Outlook
- 7.3.7.1. Market Size & Forecast
- 7.3.7.2. Market Share & Forecast
- 7.3.7.2.1. By Truck Type
- 7.3.7.2.2. By Rental Type
8. Middle East & Africa Refrigerated Truck Rental Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Truck Type
- 8.2.2. By Rental Type
- 8.2.3. By Country
- 8.3. MEA: Country Analysis
- 8.3.1. South Africa Refrigerated Truck Rental Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Truck Type
- 8.3.1.2.2. By Rental Type
- 8.3.2. Saudi Arabia Refrigerated Truck Rental Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Truck Type
- 8.3.2.2.2. By Rental Type
- 8.3.3. UAE Refrigerated Truck Rental Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Truck Type
- 8.3.3.2.2. By Rental Type
- 8.3.4. Turkey Refrigerated Truck Rental Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Truck Type
- 8.3.4.2.2. By Rental Type
9. South America Refrigerated Truck Rental Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Truck Type
- 9.2.2. By Rental Type
- 9.2.3. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Refrigerated Truck Rental Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Truck Type
- 9.3.1.2.2. By Rental Type
- 9.3.2. Argentina Refrigerated Truck Rental Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Truck Type
- 9.3.2.2.2. By Rental Type
- 9.3.3. Colombia Refrigerated Truck Rental Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Truck Type
- 9.3.3.2.2. By Rental Type
10. Market Dynamics
- 10.1. Drivers
- 10.2. Challenges
11. Key Market Disruptions
- 11.1. Conflicts
- 11.2. Pandemic
- 11.3. Trade Barriers
12. Market Trends & Developments
13. Policy & Regulatory Landscape
14. Competitive Landscape
- 14.1. Company Profiles
- 14.1.1. ALLROUND Car Rental
- 14.1.1.1. Business Overview
- 14.1.1.2. Company Snapshot
- 14.1.1.3. Products & Services
- 14.1.1.4. Financials (As Per Availability)
- 14.1.1.5. Key Market Focus & Geographical Presence
- 14.1.1.6. Recent Developments
- 14.1.1.7. Key Management Personnel
- 14.1.2. Enterprise Holdings, Inc.
- 14.1.3. Fraikin
- 14.1.4. Penske Corporation, Inc.
- 14.1.5. Petit Forestier
- 14.1.6. The Hertz Corporation
- 14.1.7. Ryder System, Inc.
- 14.1.8. Auto Wichert GmbH
- 14.1.9. FedEx
- 14.1.10. Polar Leasing, Inc.
15. Strategic Recommendations
16. About US & Disclaimer