Canada Refrigerated Truck Market, 2024 Growth Analysis by Market Estimation, Manufacturers, Product Types Gross Margin and Forecast to 2032
Introduction The Canada refrigerated truck market , pivotal to the global supply chain, has experienced significant growth in recent years. Driven by increasing demand for perishable goods, advancements in technology, and the expansion of the cold chain industry, this market is poised for continued expansion. Refrigerated trucks, or reefers, are essential for transporting temperature-sensitive goods, including food, pharmaceuticals, and chemicals, ensuring they remain fresh and safe during transit. Canada refrigerated truck market size was valued at USD 3.5 Billion in 2022. The Refrigerated Truck industry is projected to grow from USD 3.7 Billion in 2023 to USD 6.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.90% during the forecast period (2024 - 2032). Market Drivers Rising Demand for Perishable Goods : The global demand for perishable goods, particularly fresh fruits and vegetables, dairy products, and meat, has surged. This is partly due to growing urban