United States Refrigerated Trucking Market Size (2024 - 2029)

The US refrigerated trucking market is experiencing a recovery and is poised for growth, driven by its critical role in the food supply chain and increasing demand from the agricultural sector. The market size is influenced by factors such as the rising need for transportation of fresh produce and packaged foods, which surged during the pandemic due to changing consumer behaviors. Additionally, the pharmaceutical sector's demand for refrigerated transport has contributed to the market's expansion. Despite the challenges posed by the COVID-19 crisis, the market is expected to continue its growth trajectory, reflecting the evolving needs of various industries reliant on refrigerated logistics.

INSTANT ACCESS

Market Size of United States Refrigerated Trucking Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
United States Refrigerated Trucking Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.00 %
Market Concentration Low

Major Players

United States Refrigerated Trucking Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

US Refrigerated Trucking Market Analysis

The US refrigerated trucking market is expected to register a CAGR of more than 4% during the forecast period (2023-2028).

  • The COVID-19 crisis significantly impacted refrigerated truck transportation in the country due to lockdown restrictions, labor shortages, etc. As per the USDA's Economic Research Service (ERS), the combination of shutdowns and shifts in consumer demand has affected fresh produce markets. The increasing demand for fresh vegetables, fruits, and packaged foods surged due to panic-buying behaviors among consumers. The sector is recovering from the effects of the pandemic.
  • Agriculture is one of the major end users of the refrigerated trucking industry in the United States. The growth in agriculture products and increasing trade have led to a growing dependence on the refrigerated trucking industry. The overall number of farms was over two million in 2021. Farms in the United States are typically 445 acres in size, with around 89 million acres of farmland. The total real estate value of farmed land in the United States was approximately USD 2.9 trillion.
  • The refrigerated transport sector is reviving due to its importance in the food supply chain. However, the pharmaceutical transportation industry also registered huge demand for refrigerated trucking during the pandemic.

US Refrigerated Trucking Industry Segmentation

Refrigerated trucking (sometimes known as "reefer") is a freight shipping technique that specializes in the delivery of foods and items that require temperature control. Trailers include an in-built cooling system that keeps temperatures stable during travel to ensure cargo safety. The report provides key insights into the US refrigerated trucking market, along with technology developments, trends, and government regulations. It also focuses on market dynamics and competitive landscape, which is analyzed through the profiles of key players active. The report also covers the impact of COVID-19 on the market.

The US refrigerated trucking market is segmented by destination (national and international) and end user (food and beverages, agriculture, healthcare and pharmaceuticals (including biopharma), and other end users). The report offers the value in (USD billion) for the above segments.

By Destination
Domestic
International
By End User
Food and Beverages
Agriculture
Healthcare and Pharmaceuticals (Including Biopharma)
Other End Users
Need A Different Region Or Segment?
Customize Now

United States Refrigerated Trucking Market Size Summary

The US refrigerated trucking market is poised for growth, driven by its critical role in the food supply chain and the increasing demand for temperature-sensitive goods. The sector is recovering from the disruptions caused by the COVID-19 pandemic, which highlighted its importance in maintaining the flow of fresh produce and packaged foods. The agricultural sector, a major end user, has seen a rise in demand due to increased trade and the need for efficient transportation of perishable goods. Additionally, the pharmaceutical industry has also contributed to the demand for refrigerated trucking, as the need to transport temperature-sensitive medications has grown. The market is characterized by a high level of fragmentation, with numerous local players vying for market share, and is expected to consolidate over the forecast period.

Consumer trends in the United States are further fueling the demand for refrigerated trucking. The rise in packaged food consumption, driven by product innovation and a shift towards premium and organic products, has increased the need for refrigerated vehicles. The pandemic has altered food spending habits, with a notable increase in at-home consumption of packaged foods, which has been supported by the growth of online sales channels. Technological advancements in temperature-controlled transportation are also creating new opportunities, particularly in the pharmaceutical sector, where regulatory standards and safety concerns necessitate precise temperature management. Major players in the market are actively pursuing mergers and acquisitions to enhance their service offerings and expand their reach, indicating a trend towards consolidation in the coming years.

Explore More

United States Refrigerated Trucking Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Technological Trends and Automation - Developments in the Refrigerated Trucking Market

    6. 1.6 Insights on Refrigerated Freight Flow

    7. 1.7 Impact of the Biopharma Sector on the Cold Chain Industry

    8. 1.8 Impact of Temperature Sensitivity on Selected Goods

    9. 1.9 Brief on Refrigerated Last-mile Delivery

    10. 1.10 Review and Commentary on Refrigerated Trucking Rates

    11. 1.11 Spotlight - Refrigerated Warehousing Sector

    12. 1.12 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Destination

      1. 2.1.1 Domestic

      2. 2.1.2 International

    2. 2.2 By End User

      1. 2.2.1 Food and Beverages

      2. 2.2.2 Agriculture

      3. 2.2.3 Healthcare and Pharmaceuticals (Including Biopharma)

      4. 2.2.4 Other End Users

United States Refrigerated Trucking Market Size FAQs

The United States Refrigerated Trucking Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

C.R. England Inc., Prime Inc., KLLM Transport Services, Stevens Transport Inc. and Marten Transport Ltd are the major companies operating in the United States Refrigerated Trucking Market.

US Refrigerated Trucking Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)