Saudi Arabia Refrigerated Truck Rental Market Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030

Saudi Arabia Refrigerated Truck Rental Market is valued at USD 260 million, fueled by perishable goods demand, e-commerce rise, and regulations ensuring food safety in key cities like Riyadh and Jeddah.

Region:Middle East

Author(s):Rebecca

Product Code:KRAD8431

Pages:89

Published On:December 2025

About the Report

Base Year 2024

Saudi Arabia Refrigerated Truck Rental Market Overview

  • The Saudi Arabia Refrigerated Truck Rental Market is valued at USD 260 million, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for temperature-sensitive goods, particularly in the food and beverage sector, as well as the healthcare industry. The rise in e-commerce, online grocery sales, and the need for efficient cold chain logistics have further propelled the market's expansion.
  • Key cities such as Riyadh, Jeddah, and Dammam dominate the market due to their strategic locations and robust infrastructure. Riyadh, being the capital, serves as a central hub for logistics and distribution, while Jeddah's port facilitates international trade. Dammam's proximity to industrial zones enhances the demand for refrigerated transport services.
  • The Technical Regulation for Refrigerated Transport Vehicles, 2022 issued by the Saudi Food and Drug Authority (SFDA), mandates that all refrigerated transport vehicles maintain specific temperature ranges between -30°C to +25°C with continuous monitoring systems and calibration every six months to ensure the safety and quality of perishable goods. This regulation aims to enhance food safety and reduce waste in the supply chain, thereby promoting a more efficient cold chain logistics system.
Saudi Arabia Refrigerated Truck Rental Market Size

Saudi Arabia Refrigerated Truck Rental Market Segmentation

By Type:The market is segmented into various types of refrigerated trucks, including Single-Temperature Rigid Trucks (Chiller/Freezer), Multi-Temperature Rigid Trucks, Refrigerated Trailers (Semi-Trailers), Insulated Dry Ice/Gel-Pack Vans, and Electric/Hybrid Refrigerated Trucks. Each type serves different logistical needs, catering to various industries.

Saudi Arabia Refrigerated Truck Rental Market segmentation by Type.

The Single-Temperature Rigid Trucks (Chiller/Freezer) segment is currently dominating the market due to their widespread use in transporting perishable food items, such as meat and dairy products. These trucks are preferred for their efficiency in maintaining a consistent temperature, which is crucial for food safety. The growing demand for fresh produce and frozen goods has further solidified their market position. Additionally, advancements in refrigeration technology have enhanced the reliability and performance of these vehicles, making them a popular choice among logistics providers.

By End-User:The market is segmented based on end-users, including Food and Beverage (Meat, Dairy, Bakery, Frozen, Produce), Healthcare and Pharmaceuticals (Vaccines, Biologics), Agriculture and Horticulture, Retail and E-grocery/Quick Commerce, and HoReCa (Hotels, Restaurants, Catering). Each end-user segment has unique requirements for refrigerated transport.

Saudi Arabia Refrigerated Truck Rental Market segmentation by End-User.

The Food and Beverage segment is the largest end-user in the market, accounting for a significant share due to the high demand for perishable goods. The increasing consumer preference for fresh and frozen food products drives the need for efficient refrigerated transport solutions. Additionally, the rise of e-commerce in the food sector has further amplified the demand for reliable cold chain logistics, making this segment a key player in the refrigerated truck rental market.

Saudi Arabia Refrigerated Truck Rental Market Competitive Landscape

The Saudi Arabia Refrigerated Truck Rental Market is characterized by a dynamic mix of regional and international players. Leading participants such as Carrier Transicold, Thermo King, Daikin, Frigoblock, Foton Group, Al-Futtaim Logistics, Al-Muhaidib Group, Al-Jazira Equipment Co., Al-Watania for Industries, Al-Mansour Automotive contribute to innovation, geographic expansion, and service delivery in this space.

Carrier Transicold

1917

Athens, Georgia, USA

Thermo King

1938

Minneapolis, Minnesota, USA

Daikin

1924

Osaka, Japan

Frigoblock

1945

Belgium

Foton Group

1996

Beijing, China

Company

Establishment Year

Headquarters

Fleet Size (Number of Refrigerated Vehicles)

Fleet Utilization Rate (%)

Customer Retention Rate (%)

Average Rental Duration (Days)

Revenue per Vehicle (Annual USD)

Pricing Strategy (Premium/Mid-Market/Budget)

Saudi Arabia Refrigerated Truck Rental Market Industry Analysis

Growth Drivers

  • Increasing Demand for Perishable Goods Transportation:The demand for refrigerated transport in Saudi Arabia is driven by the country's growing population, projected to reach 38 million in the future. This demographic shift is accompanied by a rise in per capita food consumption, which is expected to increase to 1,300 kg annually. The food sector's expansion, particularly in fresh produce and dairy, necessitates efficient cold chain logistics, thereby boosting the refrigerated truck rental market significantly.
  • Expansion of the Food and Beverage Industry:The food and beverage industry in Saudi Arabia is projected to grow to SAR 220 billion in the future, driven by increased consumer spending and a shift towards healthier eating habits. This growth is fostering a greater need for refrigerated transport solutions to maintain product quality and safety. As a result, the demand for refrigerated truck rentals is expected to rise, supporting the logistics sector's overall development.
  • Growth in E-commerce and Online Grocery Delivery:The e-commerce sector in Saudi Arabia is anticipated to reach SAR 60 billion in the future, with online grocery sales contributing significantly. This trend is creating a surge in demand for refrigerated logistics to ensure the timely delivery of perishable goods. The convenience of online shopping is prompting retailers to invest in refrigerated truck rentals, enhancing their distribution capabilities and meeting consumer expectations for freshness.

Market Challenges

  • High Operational Costs:The operational costs associated with refrigerated truck rentals in Saudi Arabia are substantial, with fuel prices averaging SAR 2.30 per liter in the future. Additionally, maintenance and insurance costs for specialized vehicles can reach up to SAR 18,000 annually. These high expenses can deter small and medium-sized enterprises from utilizing refrigerated transport, limiting market growth and accessibility for various businesses.
  • Regulatory Compliance Complexities:Navigating the regulatory landscape for refrigerated transport in Saudi Arabia poses significant challenges. Compliance with food safety standards, which require regular inspections and certifications, can incur costs upwards of SAR 12,000 per vehicle annually. Furthermore, the complexities of licensing requirements can hinder new entrants, creating barriers to market participation and limiting competition within the refrigerated truck rental sector.

Saudi Arabia Refrigerated Truck Rental Market Future Outlook

The future of the refrigerated truck rental market in Saudi Arabia appears promising, driven by technological advancements and increasing consumer demand for fresh products. The integration of IoT in fleet management is expected to enhance operational efficiency, while the shift towards rental models will provide businesses with flexible logistics solutions. As sustainability becomes a priority, the market is likely to see a rise in eco-friendly refrigerated vehicles, aligning with global trends towards greener transportation options.

Market Opportunities

  • Technological Advancements in Refrigeration:Innovations in refrigeration technology, such as energy-efficient cooling systems, present significant opportunities for the market. These advancements can reduce operational costs and improve service reliability, attracting more businesses to utilize refrigerated truck rentals, thereby expanding market reach and enhancing profitability.
  • Partnerships with Local Businesses:Forming strategic partnerships with local food producers and retailers can create synergies that enhance service offerings. Collaborations can lead to tailored logistics solutions that meet specific needs, fostering customer loyalty and driving growth in the refrigerated truck rental market as businesses seek reliable transport for their perishable goods.

Scope of the Report

SegmentSub-Segments
By Type

Single-Temperature Rigid Trucks (Chiller/Freezer)

Multi-Temperature Rigid Trucks

Refrigerated Trailers (Semi-Trailers)

Insulated Dry Ice/Gel-Pack Vans

Electric/Hybrid Refrigerated Trucks

By End-User

Food and Beverage (Meat, Dairy, Bakery, Frozen, Produce)

Healthcare and Pharmaceuticals (Vaccines, Biologics)

Agriculture and Horticulture

Retail and E-grocery/Quick Commerce

HoReCa (Hotels, Restaurants, Catering)

By Vehicle Size

Light Commercial Vehicles (LCV)

Medium Commercial Vehicles (MCV)

Heavy Commercial Vehicles (HCV)

By Tonnage Capacity

Less than 10 tons

10-20 tons

More than 20 tons

By Fleet Size

Small Fleet (1-10 trucks)

Medium Fleet (11-50 trucks)

Large Fleet (51+ trucks)

By Rental Duration

Short-term Rentals

Long-term Rentals

Seasonal Rentals

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Saudi Food and Drug Authority, Ministry of Transport)

Logistics and Supply Chain Companies

Cold Chain Service Providers

Food and Beverage Manufacturers

Pharmaceutical Companies

Retail Chains and Supermarkets

Transport and Fleet Management Companies

Players Mentioned in the Report:

Carrier Transicold

Thermo King

Daikin

Frigoblock

Foton Group

Al-Futtaim Logistics

Al-Muhaidib Group

Al-Jazira Equipment Co.

Al-Watania for Industries

Al-Mansour Automotive

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Saudi Arabia Refrigerated Truck Rental Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Saudi Arabia Refrigerated Truck Rental Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Saudi Arabia Refrigerated Truck Rental Market Analysis

3.1 Growth Drivers

3.1.1 Increasing demand for perishable goods transportation
3.1.2 Expansion of the food and beverage industry
3.1.3 Growth in e-commerce and online grocery delivery
3.1.4 Government initiatives to enhance logistics infrastructure

3.2 Market Challenges

3.2.1 High operational costs
3.2.2 Limited availability of specialized vehicles
3.2.3 Regulatory compliance complexities
3.2.4 Seasonal demand fluctuations

3.3 Market Opportunities

3.3.1 Technological advancements in refrigeration
3.3.2 Partnerships with local businesses
3.3.3 Expansion into underserved regions
3.3.4 Increasing focus on sustainability and eco-friendly solutions

3.4 Market Trends

3.4.1 Rise of temperature-controlled logistics
3.4.2 Adoption of IoT for fleet management
3.4.3 Shift towards rental models over ownership
3.4.4 Growing consumer preference for fresh products

3.5 Government Regulation

3.5.1 Compliance with food safety standards
3.5.2 Licensing requirements for refrigerated transport
3.5.3 Environmental regulations on emissions
3.5.4 Incentives for energy-efficient vehicles

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Saudi Arabia Refrigerated Truck Rental Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Saudi Arabia Refrigerated Truck Rental Market Segmentation

8.1 By Type

8.1.1 Single-Temperature Rigid Trucks (Chiller/Freezer)
8.1.2 Multi-Temperature Rigid Trucks
8.1.3 Refrigerated Trailers (Semi-Trailers)
8.1.4 Insulated Dry Ice/Gel-Pack Vans
8.1.5 Electric/Hybrid Refrigerated Trucks

8.2 By End-User

8.2.1 Food and Beverage (Meat, Dairy, Bakery, Frozen, Produce)
8.2.2 Healthcare and Pharmaceuticals (Vaccines, Biologics)
8.2.3 Agriculture and Horticulture
8.2.4 Retail and E-grocery/Quick Commerce
8.2.5 HoReCa (Hotels, Restaurants, Catering)

8.3 By Vehicle Size

8.3.1 Light Commercial Vehicles (LCV)
8.3.2 Medium Commercial Vehicles (MCV)
8.3.3 Heavy Commercial Vehicles (HCV)

8.4 By Tonnage Capacity

8.4.1 Less than 10 tons
8.4.2 10-20 tons
8.4.3 More than 20 tons

8.5 By Fleet Size

8.5.1 Small Fleet (1-10 trucks)
8.5.2 Medium Fleet (11-50 trucks)
8.5.3 Large Fleet (51+ trucks)

8.6 By Rental Duration

8.6.1 Short-term Rentals
8.6.2 Long-term Rentals
8.6.3 Seasonal Rentals

9. Saudi Arabia Refrigerated Truck Rental Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Fleet Size (Number of Refrigerated Vehicles)
9.2.3 Fleet Utilization Rate (%)
9.2.4 Customer Retention Rate (%)
9.2.5 Average Rental Duration (Days)
9.2.6 Revenue per Vehicle (Annual USD)
9.2.7 Pricing Strategy (Premium/Mid-Market/Budget)
9.2.8 Market Penetration Rate (% of Target Segments)
9.2.9 Customer Satisfaction Score (NPS or CSAT)
9.2.10 Operational Efficiency Ratio (Revenue/Operating Cost)
9.2.11 Technology Integration (GPS, Temperature Monitoring, Fleet Management Software)
9.2.12 Geographic Coverage (Regional Presence)

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Carrier Transicold
9.5.2 Thermo King
9.5.3 Daikin
9.5.4 Frigoblock
9.5.5 Foton Group
9.5.6 Al-Futtaim Logistics
9.5.7 Al-Muhaidib Group
9.5.8 Al-Jazira Equipment Co.
9.5.9 Al-Watania for Industries
9.5.10 Al-Mansour Automotive

10. Saudi Arabia Refrigerated Truck Rental Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Ministry of Health
10.1.2 Ministry of Commerce
10.1.3 Ministry of Environment
10.1.4 Others

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Food and Beverage Sector
10.2.2 Pharmaceutical Sector
10.2.3 Retail Sector
10.2.4 Others

10.3 Pain Point Analysis by End-User Category

10.3.1 Food and Beverage
10.3.2 Pharmaceuticals
10.3.3 Retail
10.3.4 Others

10.4 User Readiness for Adoption

10.4.1 Awareness of Refrigerated Transport Solutions
10.4.2 Willingness to Invest in Rental Services
10.4.3 Training and Support Needs
10.4.4 Others

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Cost Savings Analysis
10.5.2 Efficiency Improvements
10.5.3 Customer Satisfaction Metrics
10.5.4 Others

11. Saudi Arabia Refrigerated Truck Rental Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Development


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail vs Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 JV

10.2 Greenfield

10.3 M&A

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 JVs

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Activity Planning
15.2.2 Milestone Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports and publications from logistics and transportation associations in Saudi Arabia
  • Review of government publications and trade statistics related to refrigerated transport and logistics
  • Examination of market trends and forecasts from relevant market research databases

Primary Research

  • Interviews with fleet managers and logistics coordinators in the refrigerated transport sector
  • Surveys targeting rental service providers and logistics companies specializing in temperature-controlled transport
  • Field interviews with end-users such as food distributors and pharmaceutical companies

Validation & Triangulation

  • Cross-validation of findings through multiple data sources including trade publications and expert insights
  • Triangulation of data from primary interviews and secondary research to ensure consistency
  • Sanity checks conducted through expert panel reviews to validate market assumptions

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the overall logistics market size in Saudi Arabia and its allocation to refrigerated transport
  • Analysis of growth trends in the food and pharmaceutical sectors driving demand for refrigerated trucks
  • Incorporation of government initiatives promoting cold chain logistics and food safety regulations

Bottom-up Modeling

  • Collection of data on rental rates and utilization rates from leading refrigerated truck rental companies
  • Estimation of operational costs based on maintenance, fuel, and insurance for refrigerated vehicles
  • Volume and frequency analysis of rental transactions across different customer segments

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating economic indicators, population growth, and urbanization trends
  • Scenario modeling based on potential regulatory changes and shifts in consumer behavior towards fresh and frozen goods
  • Development of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Food Distribution Sector45Logistics Managers, Supply Chain Directors
Pharmaceutical Supply Chain40Operations Managers, Quality Assurance Heads
Retail Grocery Chains35Procurement Officers, Store Managers
Event Catering Services30Event Coordinators, Catering Managers
Cold Chain Logistics Providers45Fleet Managers, Business Development Executives

Frequently Asked Questions

What is the current value of the Saudi Arabia Refrigerated Truck Rental Market?

The Saudi Arabia Refrigerated Truck Rental Market is valued at approximately USD 260 million, driven by the increasing demand for temperature-sensitive goods in sectors like food and beverage, as well as healthcare and e-commerce logistics.

Which cities are the key players in the Saudi Arabia Refrigerated Truck Rental Market?

What are the main types of refrigerated trucks available for rental in Saudi Arabia?

What are the primary end-user segments in the Saudi Arabia Refrigerated Truck Rental Market?

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