France Refrigerated Truck Rental Market Size, Share, And COVID-19 Impact Analysis, By Size (Small & Medium Truck, Large Truck), By Rental Type (Short-Term, Long-Term), and France Refrigerated Truck Rental Market Insights, Industry Trend, Forecasts to 2033

France Refrigerated Truck Rental Market Insights Forecasts to 2033 

• The France Refrigerated Truck Rental Market Size is Expected to Grow at a CAGR of around XX% from 2023 to 2033. 
• The France Refrigerated Truck Rental Market Size is Expected to reach a significant share by 2033.

The France Refrigerated Truck Rental Market Size is Expected to reach a significant share by 2033, Growing at a CAGR of around XX% from 2023 to 2033.  The market expansion is triggered due to high pace automation in the automotive industry, change in consumer lifestyle, and rapid development in the logistics industry.

Market Overview

The French refrigerated truck rental market refers to the business of the automotive industry that emphasizes the manufacture and distribution of trucks that focus on the transportation of goods in a temperature-controlled environment. Such trailers carrying food and other goods are equipped with refrigeration units to keep everything in the same state as when it was first imported. Moreover, with the temperature-dependent nature of the commodities being transported, refrigerated trucks are always ready to move cargo to avoid product damage or destruction. Further, along with foods that need to be kept at a specific temperature, other often-used items that require refrigeration include personal care items, pharmaceuticals, and plants. The growing need for refrigerated transportation of medications and medicines, and food and beverages, is driving the industry. In addition, advanced inventions like spiral compressors are being used by refrigerated truck operators to increase freezer utilization. While vehicles are being moved, several kinds of vendors are investing significantly in sensing and electronic devices that can supply minute-by-minute temperature readings.

Report Coverage

This research report categorizes the France refrigerated truck rental market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the France refrigerated truck rental market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the France refrigerated truck rental market.  

Driving Factors

The refrigerated truck rental market in France has been expanding significantly due to the increasing need for food, drink, and medication delivery. Furthermore, the rapid growth of the retail e-commerce industry, resulting in a rise in the need for modern, efficient transportation and logistics services, and tighter emission regulations are some of the factors that are driving the refrigerated truck sector. Additionally, because it eliminates the expenses associated with managing a fleet of refrigerated trucks, renting a refrigerated truck can be a very economical choice for businesses that handle refrigerated freight.

Restraints & Challenges

The France refrigerated truck rental market growth is being restricted by substantial initial expenses, challenging small businesses to invest associated with renting refrigerated trucks because refrigerated trucks can be expensive to buy or hire. It is also anticipated that limitations, including limited supply, upkeep and repair expenses, and sustainability concerns like greenhouse gas emissions.

Market Segmentation

The France refrigerated truck rental market share is classified by size and rental type.

• The small & medium truck segment accounted for the largest share of the France refrigerated truck rental market in 2023 and is projected to grow at a remarkable CAGR during the forecast period.

Based on size, the France refrigerated truck rental market is categorized into small & medium truck and large truck. Among these, the small & medium truck segment accounted for the largest share of the France refrigerated truck rental market in 2023 and is projected to grow at a remarkable CAGR during the forecast period. This is due to these vehicles being suitable for delivering frozen and perishable goods within towns and cities, particularly for supermarkets and quick-service eateries. Moreover, the growth of the food and beverage goods, pharmaceutical, and e-commerce retail industries is predicted to raise the need for such vehicles, which drives the segment dominance in overall market revenue.

• The short-term segment accounted for a significant share of the France refrigerated truck Rental market in 2023 and is anticipated to grow at a rapid pace over the forecast period.

Based on the rental type, the France refrigerated truck rental market is segmented into short-term and long-term. Among these, the short-term segment accounted for a significant share of the France refrigerated truck rental market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This segment growth is attributed to the market expansion because of an excellent choice for businesses that need refrigerated vehicles for a short amount of time due to their enable them to swiftly adjust to shifting logistics requirements without committing to contract terms. Further, the short-term rental segment is poised for substantial development as e-commerce and food delivery services, serving companies that value efficiency and economy in their operations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France Refrigerated Truck Rental market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Fraikin
• Petit Forestier
• Frappa
• Freezerent Ltd
• Keep It Cold
• Eurocold
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Key Market Developments

• In May 2023, Volta Trucks partnered with Petit Forestier to provide refrigerated customer rental solutions. Petit Forestier, a leading European company specializing in refrigeration rentals, served as the rental and leasing partner for the refrigerated versions of Volta Trucks' all-electric 16-tonne and 18-tonne Volta Zero vehicles. This collaboration aimed to offer rental and leasing truck solutions equipped with refrigeration capabilities across Europe.

• In April 2023, JAC Motors chose Carrier Transicold's refrigeration technology to launch its first all-electric truck range in France. The Chinese auto manufacturer equipped its all-electric 7.5-tonne truck with Carrier Transicold's Xarios® 8 refrigeration unit and power box converter. This solution allowed JAC Motors to provide haulage customers with an all-electric truck that met the requirements of Low Emission Zones (LEZ) and had a range of 230 km.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the France refrigerated truck rental market based on the below-mentioned segments:

France Refrigerated Truck Rental Market, By Size

• Small & Medium Truck
• Large Truck

France Refrigerated Truck Rental Market, By Rental Type

• Short-term
• Long-term