Europe Refrigerated Truck Rental Market was valued at USD 4.00 Billion in 2022 and is projected to reach USD 6.80 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The European refrigerated truck rental market is experiencing significant growth, driven by the escalating demand for temperature-sensitive goods across various industries. As per recent analyses, the market is projected to reach approximately USD 45.79 billion by 2030, registering a compound annual growth rate (CAGR) of 8.9% from 2025 to 2030. This surge underscores the critical role of refrigerated transportation in maintaining the integrity of perishable products.
Truck Types and Their Industrial Applications
Light Refrigerated Trucks (Up to 7.5t): Comprising 40.7% of the market share in 2024, these vehicles are ideal for urban logistics, particularly for quick-service restaurants and grocery chains. Their compact size facilitates easy navigation through congested city streets, ensuring timely delivery of perishable goods.
Medium Refrigerated Trucks (7.5t to 14t): Serving regional distribution needs, these trucks balance capacity and maneuverability, making them suitable for medium-range transportation of temperature-sensitive items.
Heavy Refrigerated Trucks (More than 14t): Essential for long-haul journeys, these trucks cater to large-scale transportation of frozen foods and pharmaceuticals across countries, ensuring products remain within required temperature ranges throughout transit.
Rental Preferences Among Industries
Long-Term Rentals: Businesses with consistent refrigerated transport needs, such as large-scale food distributors and pharmaceutical companies, often opt for long-term rentals. This approach provides a stable solution without the capital expenditure associated with owning a fleet.
Short-Term Rentals: Industries experiencing seasonal demand fluctuations, like agriculture during harvest seasons or retailers during holidays, prefer short-term rentals. This flexibility allows them to scale operations without long-term commitments.
Industry-Specific Requirements
Food and Beverage Industry: With the rise in frozen food consumption and the expansion of retail food chains, there's a heightened need for reliable refrigerated transport to maintain product quality and safety.
Pharmaceutical Industry: The transportation of temperature-sensitive medications and vaccines necessitates precise temperature control, making specialized refrigerated trucks indispensable.
Floral Industry: To preserve the freshness of flowers during transit, this sector relies heavily on refrigerated transportation solutions.
Challenges and Considerations
Rising Fuel Costs: Fuel expenses constitute a significant portion of logistics costs. The energy-intensive nature of refrigerated transport, due to cooling systems, exacerbates this challenge.
Workforce Shortages: The logistics sector faces a shortage of qualified drivers, impacting the efficiency of refrigerated transport networks.
Regulatory Compliance: Adherence to stringent safety and emission standards requires continuous investment in vehicle maintenance and upgrades.
Technological Advancements Shaping the Market
Telematics and GPS Integration: Modern refrigerated trucks are equipped with advanced telematics and GPS systems, enabling real-time tracking and route optimization.
Temperature Monitoring Systems: Continuous monitoring ensures that any deviations in temperature are promptly addressed, safeguarding product integrity.
Multi-Temperature Systems: Innovative designs allow simultaneous transportation of products requiring different temperature settings, enhancing operational efficiency.
In conclusion, the European refrigerated truck rental market is evolving to meet the diverse needs of various industries. By understanding the specific requirements and challenges faced by each sector, rental service providers can offer tailored solutions, ensuring the safe and efficient transportation of temperature-sensitive goods across the continent.
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Ryder System
Inc.
Fraikin Limited
Penske Corporation
Inc.
Petit Forestier
The Hertz Corporation
Polar Leasing
Inc.
U-COOL Refrigeration
LLC
ReeferTek USA
Corp.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Refrigerated Truck Rental Market
Light-duty refrigerated trucks
Medium-duty refrigerated trucks
Heavy-duty refrigerated trucks
Chilled refrigerated trucks
Frozen refrigerated trucks
Food and beverages
Pharmaceuticals
Floral products
Other industries (e.g., chemicals, healthcare)
Short-term rental
Long-term rental
Transportation of perishable goods
Distribution of temperature-sensitive products
Last-mile delivery
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Refrigerated Truck Rental Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Refrigerated Truck Rental Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Refrigerated Truck Rental Market, By Type
6. Europe Refrigerated Truck Rental Market, By Application
7. Europe Refrigerated Truck Rental Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Refrigerated Truck Rental Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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