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The United States refrigerated trucking market size is projected to grow at a CAGR of 3.90% between 2024 and 2032.
The increasing demand for fresh and frozen food products, the expansion of e-commerce and online grocery delivery, the stringent regulations for food safety and quality, and the technological advancements in refrigerated trucking equipment and solutions are some of the factors driving the United States refrigerated trucking market growth. One of the ongoing advancements in refrigeration systems include electric refrigeration systems, which are offering a more environmentally friendly alternative to traditional diesel-powered refrigeration systems.
According to United States refrigerated trucking market analysis, trucking services are popular in both, domestic and international destinations. In 2023, around 28,000 people were employed by refrigerated trucking services providers of United States for serving in international and domestic markets. The segment’s growth is further driven by the increasing trade of agricultural products, food and beverages, and pharmaceuticals products, the implementation of free trade agreements, the improvement of cross-border infrastructure, and the diversification of export markets.
Refrigerated trucking is a vital part of the supply chain for many industries, including food and beverage, agriculture, and pharmaceuticals, where the market share is dominated by the food and beverage segment. The increasing demand for perishable goods, including fresh produce, confectionery, and dairy products has driven the need for reliable refrigerated transportation in the food industry of US. Currently, 2% of North America's trucks on the road are refrigerated and are generating USD 12 billion per year by delivering the perishable goods on time. This has helped in increasing refrigerated trucking market size in United States.
Additionally, the increasing demand for pharmaceuticals and biotech products require precise temperature control, which is one of the trends leading to United States refrigerated trucking market development. Refrigerated trucking is crucial for the transportation of temperature-sensitive pharmaceuticals, such as vaccines, biologics, blood products, clinical trials, medical devices, and personal care products to comply with regulatory standards and to maintain product efficacy.
United States Refrigerated Trucking Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup | Categories |
Destination | Domestic, International |
End User | Food and Beverages, Agriculture, Healthcare and Pharmaceuticals, Others |
Region | New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West |
Market players are engaged in acquisitions to expand their refrigerated trucking services and strengthen position in the market.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Destination |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Refrigerated Trucking Market Overview
8.1 Key Industry Highlights
8.2 North America Refrigerated Trucking Historical Market (2018-2023)
8.3 North America Refrigerated Trucking Market Forecast (2024-2032)
8.4 North America Market Share by Country
8.4.1 United States of America
8.4.2 Canada
9 United States Refrigerated Trucking Market Overview
9.1 Key Industry Highlights
9.2 United States Refrigerated Trucking Historical Market (2018-2023)
9.3 United States Refrigerated Trucking Market Forecast (2024-2032)
10 United States Refrigerated Trucking Market by Destination
10.1 Domestic
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 International
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States Refrigerated Trucking Market by End User
11.1 Food and Beverages
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Agriculture
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Healthcare and Pharmaceuticals
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Refrigerated Trucking Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Deutsche Post AG
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 FedEx Corp.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Prime Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 J.B. Hunt Transport Services, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 KLLM Transportation Services
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Stevens Transport, Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Swift Transportation Company
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Marten Transport, Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 TransAm Trucking, Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Xpress Cargo Inc.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Refrigerated Trucking Market: Key Industry Highlights, 2018 and 2032
2. United States Refrigerated Trucking Market: Key Industry Highlights, 2018 and 2032
3. United States Refrigerated Trucking Historical Market: Breakup by Destination (USD Billion), 2018-2023
4. United States Refrigerated Trucking Market Forecast: Breakup by Destination (USD Billion), 2024-2032
5. United States Refrigerated Trucking Historical Market: Breakup by End User (USD Billion), 2018-2023
6. United States Refrigerated Trucking Market Forecast: Breakup by End User (USD Billion), 2024-2032
7. United States Refrigerated Trucking Historical Market: Breakup by Region (USD Billion), 2018-2023
8. United States Refrigerated Trucking Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. United States Refrigerated Trucking Market Structure
The United States refrigerated trucking market value is expected to grow at a CAGR of 3.90% between 2024 and 2032.
Refrigerated trucking, also known as reefer trucking, is a specialised form of transportation that involves moving temperature-sensitive goods in a refrigerated trailer.
The major market drivers for the market include the increasing demand for frozen food products, surge in e-commerce activities, particularly in the grocery sector, technological innovations, and supportive government regulations.
Key rends aiding the market growth encompass the rising integration of telematics into fleet management, and expansion of cold chain logistics.
Major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Refrigerated trucks are used by various end users like food and beverages, agriculture, and healthcare and pharmaceuticals, among others.
Based on destination, the market segmentation includes domestic and international.
Key players in the market are Deutsche Post AG, FedEx Corp., Prime Inc., J.B. Hunt Transport Services, Inc., KLLM Transportation Services, Stevens Transport, Inc., Swift Transportation Company, Marten Transport, Ltd., TransAm Trucking, Inc., and Xpress Cargo Inc., among others.
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