NEW YORK, Nov. 1, 2022 /PRNewswire/ — The refrigerated truck rental market size is expected to grow by USD 2.21 billion during 2021-2026, at a CAGR of 4.88% during the forecast period, according to Technavio. The stringent regulations to control emissions boosting refrigerated truck rentals, higher time-spend inside vehicles pushing demand for cabin comfort features, and growing popularity of automotive thermal systems driving refrigerant consumption will offer immense growth opportunities. However, the emergence of truck sharing might hamper the market growth. Request Free Sample Report.
Refrigerated Truck Rental Market 2022-2026: Segmentation
- Type
- Long Term
- The refrigerated truck rental market share growth by the long-term segment will be significant during the forecast period. It is expensive and time-consuming to manage the service, repairs, and maintenance of a refrigerated truck. Long-term car rentals include all services and maintenance, which will boost the growth of this market segment.
- Short Term
- Geography
- North America
- North America will account for 32% of the market’s growth during the forecasted period. The main markets in North America for renting refrigerated trucks are the US and Canada. The adoption of refrigerated trucks is rising in North America due to the rising demand for automatic climate control systems, which will support the expansion of the refrigerated truck rental market in North America over the forecast period.
- Europe
- APAC
- South America
- Middle East And Africa
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses, download a free sample report.
Refrigerated Truck Rental Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our refrigerated truck rental market report covers the following areas:
This study identifies the boost in e-commerce across developing economies providing a platform for refrigerated truck rentals as one of the prime reasons driving the refrigerated truck rental market growth during the next few years.
Refrigerated Truck Rental Market 2022-2026: Vendor Offerings
- Carrier Global Corp.: The company offers refrigerated truck rental services such as the carrier transicold solution.
- Innocool India Pvt. Ltd.: The company offers refrigerated truck rental services such as ford transit refrigerated Trucks and ford custom refrigerated truck rentals services.
- Penske Truck Leasing Co. LP: The company offers refrigerated truck rental services for dairy, beverages, agro products, pharmaceuticals, mushroom industries, restaurants, and other such cold chain applications.
- Petit Forestier: The company offers refrigerated truck rental services such as 16-foot refrigerated cab over truck, 18 to 26-foot refrigerated trucks and 53-foot refrigerated trailer rental services.
- Polar Leasing Inc.: The company offers refrigerated truck rental services for professionals, individuals, and the events industry.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Sample Report.
Refrigerated Truck Rental Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist refrigerated truck rental market growth during the next five years
- Estimation of the refrigerated truck rental market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the refrigerated truck rental market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of refrigerated truck rental market vendors
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Refrigerated Truck Rental Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 4.88% |
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Market growth 2022-2026 |
$ 2.21 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
5.39 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 32% |
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Key consumer countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Carrier Global Corp., Innocool India Pvt. Ltd., Penske Truck Leasing Co. LP, Petit Forestier, Polar Leasing Inc., ReeferTek USA Corp., Ryder System Inc., Hertz Global Holdings Inc., and U-Cool Refrigeration LLC |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Long term – Market size and forecast 2021-2026
- Exhibit 28: Chart on Long term – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Long term – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Long term – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Long term – Year-over-year growth 2021-2026 (%)
- 5.4 Short term – Market size and forecast 2021-2026
- Exhibit 32: Chart on Short term – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Short term – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Short term – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Short term – Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 APAC – Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 China – Market size and forecast 2021-2026
- Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.10 UK – Market size and forecast 2021-2026
- Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.11 Canada – Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Canada – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada – Year-over-year growth 2021-2026 (%)
- 7.12 Germany – Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Carrier Global Corp.
- Exhibit 89: Carrier Global Corp. – Overview
- Exhibit 90: Carrier Global Corp. – Business segments
- Exhibit 91: Carrier Global Corp. – Key news
- Exhibit 92: Carrier Global Corp. – Key offerings
- Exhibit 93: Carrier Global Corp. – Segment focus
- 10.4 Hertz Global Holdings Inc.
- Exhibit 94: Hertz Global Holdings Inc. – Overview
- Exhibit 95: Hertz Global Holdings Inc. – Business segments
- Exhibit 96: Hertz Global Holdings Inc. – Key offerings
- Exhibit 97: Hertz Global Holdings Inc. – Segment focus
- 10.5 Innocool India Pvt. Ltd.
- Exhibit 98: Innocool India Pvt. Ltd. – Overview
- Exhibit 99: Innocool India Pvt. Ltd. – Product / Service
- Exhibit 100: Innocool India Pvt. Ltd. – Key offerings
- 10.6 Penske Truck Leasing Co. LP
- Exhibit 101: Penske Truck Leasing Co. LP – Overview
- Exhibit 102: Penske Truck Leasing Co. LP – Product / Service
- Exhibit 103: Penske Truck Leasing Co. LP – Key offerings
- 10.7 Petit Forestier
- Exhibit 104: Petit Forestier – Overview
- Exhibit 105: Petit Forestier – Product / Service
- Exhibit 106: Petit Forestier – Key offerings
- 10.8 Polar Leasing Inc.
- Exhibit 107: Polar Leasing Inc. – Overview
- Exhibit 108: Polar Leasing Inc. – Product / Service
- Exhibit 109: Polar Leasing Inc. – Key offerings
- 10.9 ReeferTek USA Corp.
- Exhibit 110: ReeferTek USA Corp. – Overview
- Exhibit 111: ReeferTek USA Corp. – Product / Service
- Exhibit 112: ReeferTek USA Corp. – Key offerings
- 10.10 Ryder System Inc.
- Exhibit 113: Ryder System Inc. – Overview
- Exhibit 114: Ryder System Inc. – Business segments
- Exhibit 115: Ryder System Inc. – Key news
- Exhibit 116: Ryder System Inc. – Key offerings
- Exhibit 117: Ryder System Inc. – Segment focus
- 10.11 U-Cool Refrigeration LLC
- Exhibit 118: U-Cool Refrigeration LLC – Overview
- Exhibit 119: U-Cool Refrigeration LLC – Product / Service
- Exhibit 120: U-Cool Refrigeration LLC – Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 121: Inclusions checklist
- Exhibit 122: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 123: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 124: Research methodology
- Exhibit 125: Validation techniques employed for market sizing
- Exhibit 126: Information sources
- 11.5 List of abbreviations
- Exhibit 127: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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