Mexico Refrigerated Truck Market Size (2024 - 2029)

Mexico Refrigerated Truck Market Analysis

The Mexico Refrigerated Truck Market size is estimated at USD 0.76 billion in 2024, and is expected to reach USD 1.07 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).

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 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).