Mexico Refrigerated Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Mexican Refrigerated Truck Market Report is Segmented by Truck Type (Light -Duty Trucks, Medium and Heavy-Duty Trucks), Temperature Range (Multi-Temperature Range and Single Temperature Range), Type (Chiller and Freezer), End User (Healthcare Sector, Food and Beverage Sector, Chemicals, and Others). The Report Covers the Market Size and Forecast in Value (USD) for all the Abovementioned Segments.

Mexico Refrigerated Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Mexico Refrigerated Truck Market Size

Mexico Refrigerated Truck Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 0.81 Billion
Market Size (2030) USD 1.15 Billion
CAGR (2025 - 2030) 7.10 %
Market Concentration Medium

Major Players

Mexico Refrigerated Truck Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Mexico Refrigerated Truck Market Analysis

The Mexico Refrigerated Truck Market size is estimated at USD 0.81 billion in 2025, and is expected to reach USD 1.15 billion by 2030, at a CAGR of 7.1% during the forecast period (2025-2030).

Over the medium term, the rising demand for temperature-controlled transportation of perishable goods is driving steady growth in the country’s refrigerated truck market. The country's rapidly expanding population and thriving food and beverage industry are driving the demand for prompt and dependable refrigerated transportation services, which may lead to the market witnessing major growth during the forecast period.

Mexico is a major exporter of various food products, such as fresh produce, processed foods, and beverages. These goods often require temperature-controlled transportation to maintain quality and extend their shelf life during long-distance shipping. The growing export market creates a need for refrigerated vehicles to ensure the products reach their destination in optimal condition.

The growing use of electric and hybrid refrigerated trucks and the government's efforts to encourage eco-friendly modes of transportation are anticipated to offer growth opportunities for the market in the coming years. In addition, the demand for refrigerated trucks with advanced monitoring and tracking systems is anticipated to be driven by the growing emphasis on food safety and quality.

Mexico Refrigerated Truck Industry Overview

Mexico's refrigerated truck market is dominated by several key players, such as Wabash National Corporation, Utility Trailler Manufacturing LLC, Thermo King Corporation, and Hyndai Tanslead Inc. The market is expected to witness major growth during the forecast period due to the growing strategic development among trailer manufacturers and the rapid expansion of refrigerated trailer manufacturing facilities across the country. For instance,

  • In September 2023, Utility Trailer Inc. and Schmitz Cargobull jointly developed a new refrigeration unit technology. The new technology reduces and eliminates emissions, achieves up to 20% reduction in fuel consumption, and enables advanced trailer telematics for fleet logistics management.
  • In December 2022, Grupo Lala bought 30 fully electric refrigerated trucks, the first of their kind in Mexico. These T45C model units, manufactured by BYD, will help reduce the company's carbon footprint while improving distribution. Grupo Lala aims to use these trucks to reduce their carbon footprint every year, making it a significant step toward sustainability.

Mexico Refrigerated Truck Market Leaders

  1. Thermo King Corporation

  2. Utility Trailer Manufacturing Company LLC

  3. Wabash National Corporation

  4. Hyundai Translead, Inc.

  5. Vanguard National Trailer Corp.

  6. *Disclaimer: Major Players sorted in no particular order
Mexico Refrigerated Truck Market Concentration
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Mexico Refrigerated Truck Market News

  • September 2023: Thermo King introduced the Advancer S-DRC slimline rail unit. The unit is suitable for cargo rail and intermodal applications.
  • May 2023: Canadian Pacific Kansas City (CPKC) expanded its Mexican network by adding 1,000 new temperature-controlled intermodal containers. This strategic move aims to support the daily train service from central Mexico to Chicago, launched recently. The new containers will double CPKC's reefer fleet and primarily transport fresh and frozen produce, baked goods, candy, and other food products from Mexico to the United States. The containers will also be used to ship beef, chicken, and pork from the United States to Mexico.

Mexico Refrigerated Truck Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Growing Transportation of Perishable Goods Across the Country
  • 4.2 Market Restraints
    • 4.2.1 High Maintenance Cost of Refrigerated Trucks
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value - USD)

  • 5.1 By Truck Type
    • 5.1.1 Light-Duty Truck
    • 5.1.2 Medium and Heavy-Duty Truck
  • 5.2 By Temperature Range
    • 5.2.1 Multi-temperature Range
    • 5.2.2 Single Temperature Range
  • 5.3 By Type
    • 5.3.1 Chiller
    • 5.3.2 Freezer
  • 5.4 By End User
    • 5.4.1 Healthcare Sector
    • 5.4.2 Food and Beverages Sector
    • 5.4.3 Chemicals
    • 5.4.4 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Carrier Global Corporation
    • 6.2.2 Thermo King
    • 6.2.3 Utility Trailer Manufacturing Company LLC
    • 6.2.4 STI Holdings Inc.
    • 6.2.5 Ford Motor Company
    • 6.2.6 Hyundai Translead
    • 6.2.7 Great Dane Trailers Inc.
    • 6.2.8 Wabash National Corp.
    • 6.2.9 Cimc Vehicles Group Co. Ltd
    • 6.2.10 Vanguard National Trailer Corp.

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. Regulatory Scenario For Electrification Of Refrigerated Trucks**

**Subject to Availability
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Mexico Refrigerated Truck Industry Segmentation

A refrigerated truck is a closed van equipped with refrigeration units and insulation for transporting fresh or frozen goods. Refrigerated trucks are commonly used to transport frozen food, dairy products, fruits, vegetables, vaccine drugs, and other perishable goods.

The Mexican refrigerated truck market is segmented by truck type, temperature range, type, and end user. By truck type, the market is segmented into light-duty trucks and medium and heavy-duty trucks. By temperature range, the market is segmented into multi-temperature range and single temperature range. By type, the market is segmented into chiller and freezer. By end user, the market is segmented into the healthcare sector, food and beverage sector, chemicals, and others. For each segment, the market sizing and forecast have been done based on the value (USD).

By Truck Type Light-Duty Truck
Medium and Heavy-Duty Truck
By Temperature Range Multi-temperature Range
Single Temperature Range
By Type Chiller
Freezer
By End User Healthcare Sector
Food and Beverages Sector
Chemicals
Others
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Mexico Refrigerated Truck Market Research FAQs

How big is the Mexico Refrigerated Truck Market?

The Mexico Refrigerated Truck Market size is expected to reach USD 0.81 billion in 2025 and grow at a CAGR of 7.10% to reach USD 1.15 billion by 2030.

What is the current Mexico Refrigerated Truck Market size?

In 2025, the Mexico Refrigerated Truck Market size is expected to reach USD 0.81 billion.

Who are the key players in Mexico Refrigerated Truck Market?

Thermo King Corporation, Utility Trailer Manufacturing Company LLC, Wabash National Corporation, Hyundai Translead, Inc. and Vanguard National Trailer Corp. are the major companies operating in the Mexico Refrigerated Truck Market.

What years does this Mexico Refrigerated Truck Market cover, and what was the market size in 2024?

In 2024, the Mexico Refrigerated Truck Market size was estimated at USD 0.75 billion. The report covers the Mexico Refrigerated Truck Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mexico Refrigerated Truck Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Mexico Refrigerated Truck Industry Report

Statistics for the 2025 Mexico Refrigerated Truck market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Refrigerated Truck analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.