Comprehensive Overview of the Europe Refrigerated Truck Rental Market 2025-2034

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The Europe refrigerated truck rental market is set for significant growth, projected to increase from USD 30.56 billion in 2025 to USD 66.10 billion by 2034, growing at a CAGR of 8.95% throughout the forecast period. Several factors are contributing to this expansion, including the increasing use of refrigerated trucks by pharmaceutical companies, advancements in refrigeration technologies, and various government initiatives aimed at boosting logistics and transportation industries across Europe.

Market Overview:
The refrigerated truck rental sector is a vital component of the European logistics industry, specializing in providing refrigerated vehicle services across the region. This sector includes various rental models such as short-term, long-term, and full-service leases, catering to industries such as food and beverages, pharmaceuticals, chemicals, and more. Major applications include retail, e-commerce, healthcare, and transportation sectors. As industries across Europe experience growth, especially in the automotive and logistics sectors, the demand for refrigerated truck rental services continues to rise.

Key Trends Shaping the Market

  1. Partnerships and Collaborations
    Companies across the logistics and automotive industries are increasingly forming partnerships to enhance their refrigerated truck offerings. For example, in March 2025, GT Trailers partnered with Schmitz Cargobull AG to develop specialized refrigerated trucks for the German market. This trend is likely to accelerate market expansion.

  2. Government Initiatives
    Numerous European governments are taking proactive steps to promote electric vehicles (EVs) and strengthen logistics infrastructure. For instance, Germany’s “Responsibility for Germany” program aims to enhance EV adoption, while other countries, such as France and Denmark, are also investing in EV infrastructure and fleet electrification.

  3. Expansion of E-Commerce
    The e-commerce sector in Europe is growing rapidly, supported by technological advances and rising consumer demand for convenience. This expansion is driving the need for refrigerated transportation solutions, particularly for perishable goods.

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Market Segmentation and Insights

Truck Types:

  • Medium Trucks (3.5–16 tons): This segment held the largest market share in 2025, driven by strong demand from the pharmaceutical industry. Medium trucks are ideal for transporting goods that require stable temperature conditions.

  • Light Commercial Vehicles (LCVs): Expected to grow at the fastest rate due to their widespread use in the food and beverage sector for transporting goods like dairy, seafood, and meats.

Rental Types:

  • Long-term Rentals: Accounting for 55% of the market share, long-term rentals are popular among large enterprises that require consistent, reliable refrigerated transport for perishable goods.

  • Short-term Rentals: This segment is expected to grow significantly, driven by the increasing adoption of temporary rental services by small and medium-sized businesses.

Temperature Ranges:

  • Frozen (-18°C and below): The frozen segment dominates the market, mainly due to the demand for transportation of frozen foods and pharmaceutical products.

  • Multi-temperature Trucks: These vehicles, which can transport goods at different temperature settings, are expected to grow at the fastest rate due to their versatility.

Applications:

  • Food & Beverages: Holding the largest market share, the food and beverage industry is the leading consumer of refrigerated truck rental services. Increasing demand for frozen and ready-to-eat foods drives this sector.

  • Pharmaceuticals & Healthcare: This segment is expected to grow at the highest CAGR, driven by the expansion of the pharmaceutical industry and the need for strict temperature control in the transportation of medicines and biologics.

End-Use Industries:

  • Retail & E-commerce: The retail and e-commerce industries lead the refrigerated truck rental market, accounting for around 35% of the market share. The rise of online shopping platforms has driven the demand for refrigerated delivery services.

  • Healthcare & Pharmaceuticals: This sector is expected to grow rapidly, supported by the increasing demand for temperature-controlled transportation for medicines and medical supplies.

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Leading Companies in the Europe Refrigerated Truck Rental Market

  1. Petit Forestier
    About: Founded in 1907, Petit Forestier is a France-based company specializing in refrigerated vehicle rentals.
    Products: Refrigerated trucks, refrigerated display units, containers.
    Market Cap: Not publicly available, privately held.

  2. The Hertz Corporation
    About: A well-established rental company with a significant presence in Europe. Hertz offers a wide range of refrigerated vehicles to meet various consumer needs.
    Products: Refrigerated vans and trucks.
    Market Cap: Approximately USD 17 billion.

  3. ALLROUND Car Rental
    About: Based in Germany, ALLROUND Car Rental offers a variety of refrigerated vehicles suitable for transporting temperature-sensitive goods across Europe.
    Products: Refrigerated trucks for perishable goods, pharmaceuticals, and chemicals.
    Market Cap: Not publicly available.

  4. Enterprise Holdings, Inc.
    About: A leading American transportation services company that owns Enterprise Rent-A-Car, Alamo Rent-A-Car, and National Car Rental.
    Products: Refrigerated trucks for cargo transportation.
    Market Cap: Approximately USD 25 billion.

  5. Fraikin
    About: A European provider of commercial vehicle rental and fleet management services, offering a variety of refrigerated trucks.
    Products: Refrigerated HGVs (Heavy Goods Vehicles) with carrying capacities ranging from 7.2 tons to 26 tons.
    Market Cap: Not publicly available.

  6. Ryder System, Inc.
    About: Ryder provides logistics and transportation solutions across Europe and offers refrigerated truck rentals.
    Products: Refrigerated box trucks for perishable goods with advanced features like low cab-over design and electric standby.
    Market Cap: Approximately USD 6 billion.

  7. Penske Corporation, Inc.
    About: Penske operates across automotive retail, logistics, and transportation services in Europe, providing refrigerated truck rental services.
    Products: Refrigerated trucks with various payload capacities and features.
    Market Cap: Approximately USD 9 billion.

  8. Polar Leasing, Inc.
    About: Polar Leasing specializes in renting commercial walk-in coolers and freezers and serves various industries in Europe.
    Products: Refrigerated trucks and trailers for businesses in the food, pharmaceutical, and chemical industries.
    Market Cap: Not publicly available.

  9. FedEx Corporation
    About: A global logistics provider offering refrigerated truck rentals to transport temperature-sensitive goods.
    Products: Refrigerated trucks for perishable goods, chemicals, and pharmaceuticals.
    Market Cap: Approximately USD 75 billion.

Frequently Asked Questions (FAQs)

  1. What is the projected growth rate of the Europe refrigerated truck rental market?
    The market is expected to grow at a CAGR of 8.95% from 2025 to 2034.

  2. What factors are driving the growth of this market?
    Key drivers include the increased demand from pharmaceutical companies, advancements in refrigeration technologies, government initiatives to promote EV adoption, and the expansion of the e-commerce sector.

  3. Which countries are expected to contribute the most to market growth?
    Germany, the UK, and France are expected to be the largest contributors to the market’s growth due to their strong logistics industries and adoption of electric refrigerated trucks.

  4. What is the role of electric vehicles in the refrigerated truck rental market?
    Electric vehicles are expected to play a significant role in the market, driven by government incentives and the growing demand for sustainable transportation solutions.

  5. How are partnerships influencing the refrigerated truck rental market?
    Partnerships, such as those between automotive companies and trailer manufacturers, are helping develop innovative refrigerated solutions, thus driving the market’s expansion.

Source : https://www.towardsautomotive.com/insights/europe-refrigerated-truck-rental-market-sizing

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