Europe Refrigerated Truck Rental Market To Reach $45.79 Billion By 2030

Europe Refrigerated Truck Rental Market Growth & Trends

The Europe refrigerated truck rental market size is expected to reach USD 45.79 billion by 2030, registering a CAGR of 8.9% from 2025 to 2030, according to a study conducted by Grand View Research, Inc. Rising demand for frozen foods and rapidly growing e-commerce, retail, and logistics sectors across the region is projected to drive the market growth. Moreover, reefer truck manufacturers are gradually integrating refrigerated containers with multi-temperature systems to improve the operational efficiency of the delivery process and provide high-quality products. This, in turn, would result in the simultaneous transportation of various food and beverage and pharmaceutical products, thus, positively influencing the market growth.

On the other hand, advances in technology are allowing service providers to penetrate the emerging markets in the region and offer innovative solutions capable of addressing the complexities involved in refrigerated transportation. The strengthening hygiene standards and the increasing demand for processed food across Europe are also expected to drive the growth of the refrigerated truck rental market over the forecast period. Besides, the growing need to transport temperature-sensitive pharmaceutical products and biological samples in line with the growing per capita healthcare expenditure is also expected to boost the growth.

The truck rental industry is witnessing aggressive adoption of telematics, GPS systems, and navigation systems to ensure that the trucks are operating on the designed routes and maintaining the delivery schedules. Some rental service providers have started equipping their refrigerated trucks with temperature monitoring systems, which help them to monitor temperature levels every minute and alert the drivers and fleet operators in case of any equipment failure. These systems have resulted in a decline in the percentage of refrigeration equipment failures and have also improved the response time by nearly 70%. Hence, the integration of such technologies would assist the fleet operators to timely detect the equipment failure and respond effectively to the situation either by fixing the failure immediately or transferring the goods to another truck and subsequently protecting the products from spoilage.

The U.K. refrigerated truck rental market is anticipated to register a considerable CAGR over the forecast period owing to the rising demand for organic fruit pulps and baby food. For instance, in 2018, sales of organic food products grew by 5.3% to reach USD 2.53 billion. Therefore, cold chain logistics would be a vital solution to store some of the temperature-sensitive organic food products, thus keeping its essential nutrients safe for more extended periods. The fruit pulp & concentrates, and the frozen food industry would play a decisive role in shaping the demand for the refrigerated truck rental market. For instance, pizza and ice cream are the most popular frozen food items sold across the country. Further, the development of food retail chains in the country is projected to drive the demand for cold chain logistics industry by 2027, which is anticipated to bode well for the truck rental market in the country.

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Europe Refrigerated Truck Rental Market Report Highlights

• The light (up to 7.5t) segment dominated the market with a revenue share of 40.7% in 2024. Light trucks are suitable for intra-city transportation of frozen foods and perishable products. They are effective in city driving conditions and their demand is estimated to rise with the growth in e-commerce and FMCG sectors

• The long-term segment dominated the market with the largest share in 2024 due to its appeal for businesses requiring consistent access to refrigerated transport solutions.

• Germany accounted for a 27.9% revenue share of the refrigerated truck rental market in 2024 due to its robust logistics infrastructure and a strong demand for cold chain solutions.

Europe Refrigerated Truck Rental Market Segmentation

Grand View Research has segmented the Europe refrigerated truck rental market report based on truck type, rental type, and country:

Europe Refrigerated Truck Rental Truck Type Outlook (Revenue, USD Million, 2018 - 2030)

• Light (Upto 7.5t)

• Medium (7.5t to 14t)

• Heavy (More than 14t)

Europe Refrigerated Truck Rental Type Outlook (Revenue, USD Million, 2018 - 2030)

• Short-term

• Long-term

Europe Refrigerated Truck Rental Country Outlook (Revenue, USD Million, 2018 - 2030)

• Germany

• UK

• Italy

List of Key Players in Europe Refrigerated Truck Rental Market

• 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.