Refrigerated Truck Rental Market to Grow with a CAGR of 8.50% through 2030
Rising demand for cold chain logistics, increasing
perishable goods transportation, and growing e-commerce food deliveries are the
factors driving the market in the forecast period 2026-2030.
According to TechSci Research report, “Refrigerated
Truck Rental Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F”, The 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
evolving from a niche capacity buffer into a core outsourcing model for
temperature-controlled distribution. Companies are prioritizing rental fleets
to sidestep heavy capital expenditure, accelerate route launches, and de-risk
uptime through bundled maintenance and guaranteed temperature compliance.
Volatile inputs—insurance, parts, and fuel—are pushing shippers toward
predictable, pay-as-you-use contracts, while seasonal peaks and promotional
spikes make flexible access to extra cube indispensable. Product portfolios are
fragmenting as retailers add more SKUs and tighter freshness windows, which
favors multi-temperature bodies and quick-swap fleet configurations commonly
available via rental providers. Rising compliance burdens around refrigerants,
HACCP logs, traceability, and chain-of-custody documentation are another
catalyst, since specialist lessors offer calibrated sensors, audit trails, and
24/7 monitoring baked into the service. Urban delivery constraints—low-emission
zones, night delivery windows, noise limits, and micro-fulfillment nodes—are
reshaping vehicle mix and duty cycles, and renters can right-size assets by
time of day and neighborhood without owning multiple truck classes.
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Refrigerated Truck Rental Market Is Segmented by Truck
Type, Rental Type, and By Region.
In 2024, the long-term rental segment of the global
refrigerated truck rental market experienced the fastest growth, driven by the
increasing preference of logistics providers, retailers, and food distributors
for extended contractual arrangements that ensure consistent cold chain
capacity. The stability of long-term agreements enables companies to reduce
operational disruptions, secure predictable costs, and plan deliveries with
greater efficiency. This trend is amplified by the rising demand for year-round
temperature-controlled logistics in sectors such as dairy, seafood, frozen
meat, and specialty chemicals, where seasonal fluctuations are less prominent,
and sustained availability of refrigerated fleets is crucial. Fleet operators
offering long-term rentals also integrate advanced telematics, energy-efficient
refrigeration units, and compliance-ready solutions, making these arrangements
more appealing for businesses seeking to meet stringent quality control and
sustainability targets.
Asia Pacific emerged as the fastest-growing region in 2024
for refrigerated truck rentals, supported by rapid expansion in organized
retail, evolving cold chain infrastructure, and the booming food delivery
sector. The rise of modern supermarkets, convenience stores, and cross-border
trade in perishable goods has increased the need for dependable refrigerated
transport. Growing urbanization and shifting dietary patterns toward higher
consumption of fresh produce and frozen foods have created substantial opportunities
for rental providers. In parallel, regional governments’ emphasis on reducing
post-harvest losses and improving supply chain efficiency has encouraged
investment in advanced refrigerated fleets. These factors, combined with the
acceleration of e-commerce grocery and pharmaceutical deliveries, have
solidified Asia Pacific’s position as a key growth hub for the market.
Major Market Players Operating in Global Refrigerated
Truck Rental Market Are:
- 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.
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“As supply chains evolve, the demand for refrigerated truck
rentals is no longer just about keeping products cold it’s about enabling
businesses to operate with agility and precision. We’re seeing companies
leverage rentals to bridge seasonal demand spikes, manage inventory surpluses,
and meet strict compliance in transporting sensitive goods. What’s interesting
is how the market is shifting from a purely cost-driven decision to a strategic
logistics solution, where factors like advanced telematics, fuel efficiency,
and sustainability goals play a major role. The adaptability that refrigerated
truck rentals offer has made them a critical link in global cold chain
operations, especially in sectors that can’t afford a single degree of
compromise”, according to Mr. Karan Chechi, Research Director of TechSci
Research, a global research-based management consulting firm.
“Refrigerated Truck Rental Market– Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Truck Type (Light (Upto
7.5t), Medium (7.5t to 14t), Heavy (More than 14t)), By Rental Type (Short
Term, Long Term), By Region &Competition, 2020-2030F”, assesses the
market's future growth potential and provides data on market size, trends, and
forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Global
Refrigerated Truck Rental Market.
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