Cold Storage Construction Market Research Report 2024
Cold Storage Construction Market Global Industry Analysis and Forecast (2023-2032) by Storage Type (Production Stores, Bulk Stores, Ports), Warehouse Type (Private and Semi-Private Warehouse, Public Warehouses), End User (Food and Beverages, Pharmaceuticals, Chemicals) and Region
Cold Storage Construction Market Synopsis
Cold Storage Construction Market Size Was Valued at USD 11.67 Billion in 2023 and is Projected to Reach USD 27.77 Billion by 2032, Growing at a CAGR of 10.11% from 2024-2032.
Cold storage is mainly utilized to keep unpreserved items fresh and outspread their shelf life. Inside the cold storage equipment, a variability of cooling and freezing units is present to maintain a temperature-regulated setting for storing products.Cold storage construction is applied in various industries including medical, industrial, food - beverages, and chemical sectors. There is a noteworthy increase in the demand for large-scale cold storage construction. The expansion of cold storage buildings is linked to the cold chain.
Cold chain logistics solutions are generally employed for the transportation and storage of vegetables, fruits, meat, medicines, and drugs. Unpreserved goods can uphold their natural qualities for a prolonged period due to cold storage, where they are kept in a chilled atmosphere. A refrigeration system is used in a cold storage Service to uphold a suitable environment and temperature as needed for each stored item.
Cold Storage facilities are essential for maintaining the freshness of perishable goods, pharmaceuticals, and other temperature-sensitive items. The rise in demand for cold storage construction worldwide is motivated by the growth of the food-beverage sectors, the growing worldwide trade of unpreserved items, and strict regulations for storing and transporting pharmaceuticals. Some important trends in the market involve utilizing advanced technologies to improve energy efficiency and minimize environmental effects. Cold storage facilities are integrating advanced refrigeration systems, insulation materials, and automated storage and retrieval systems (AS/RS) to enhance operational efficiency. There is a rising focus & attention on sustainable methods, including the integration of environmentally friendly building materials and energy-saving solutions.
Top Key Players
"Americold (United States), Lineage Logistics (United States), Preferred Freezer Services (United States), Nichirei Corporation (Japan), Swire Cold Storage (Australia), Burris Logistics (United States), AGRO Merchants Group (United States), Interstate Cold Storage (United States), Kloosterboer (Netherlands), NewCold (Netherlands), Tippmann Group (United States), VersaCold Logistics Services (Canada), Frialsa Frigorificos (Mexico), Henningsen Cold Storage Co. (United States), Nordic Cold Storage (United States), Trenton Cold Storage (Canada), United States Cold Storage (United States), Cloverleaf Cold Storage (United States), Wabash National Corporation (United States), AGRO Merchants Group (United States), Burris Logistics (United States), Millard Refrigerated Services (United States), Nordic Logistics and Warehousing (United States), Hanson Logistics (United States), MTC Logistics (United States)."
Cold Storage Construction Market Trend Analysis
Increasing Demand for Cost-Effective Cold Storage Equipment in The Medical & Food Industry
- The primary driver of the worldwide cold storage construction market is the increased need for perishable food items globally, along with advancements in refrigeration technology and transportation. The increasing urbanization leads to an increased need for creative storage solutions, subsequently driving the growth of the worldwide market.
- The government is spreading information among the public and food producers about food wastage and encouraging them to invest in cold storage construction systems, which are predicted to boost the global market.
- Cold storage construction in blood banks, mortuaries, and transplant organ storage contributes to the growth of the global cold storage construction market. The rising need for affordable and advanced cold storage equipment drives the growth of the global market. The growth of the global market is impeded by the size and cost of large cold storage equipment and the materials used for storage processes.
Surging Online Grocery Spurs Cold Storage Growth
- The significant increase in cold storage construction demand is due to the rapid expansion of e-commerce platforms and online grocery delivery services. Consumers are more and more involved & attracted to the convenience of online shopping which is driving the demand for detailed & Specific storage facilities for unpreserved items and efficient delivery schedules.
- Cold storage construction firms are in a good position to take advantage of this trend by constructing custom facilities that meet the unique needs of the growing e-commerce and online grocery industries. These amenities not only protect perishable goods but also improve effectiveness in quickly completing orders.
- As online retail logistics continue to develop, there is a noticeable chance for cold storage construction companies to be inventive and grow their services to meet the logistics needs of a digitally-focused market. Companies can address the increasing need for dependable and effective storage solutions in the quickly evolving online commerce sector by investing in scalable, cutting-edge cold storage solutions.
Cold Storage Construction Market Segment Analysis:
Cold Storage Construction Market Segmented Based on Storage Type, Warehouse Type, End User.
By Storage Type, Bulk Stores segment is expected to dominate the market during the forecast period.
- The Bulk Stores segment is expected to have a significant impact and lead the Cold Storage Construction market because it plays a crucial role in storing large quantities of goods and commodities in a controlled temperature environment. Cold storage facilities are crucial for industries that handle perishable items like food and pharmaceuticals, requiring precise temperature control to maintain product quality & safety.
- Bulk Stores, in the realm of Cold Storage Construction, are created to effectively manage large quantities of goods. These facilities frequently serve the storage requirements of industries involved in producing and distributing perishable goods on a significant level. There has been a noteworthy rise in the need for tactically placed and technologically advanced cold storage facilities due to the globalization of supply chains.
- The Bulk Stores segment's dominance can be explained by its flexibility in accommodating different products, including fresh produce and pharmaceuticals, and serving a variety of industries. Furthermore, the appeal of Bulk Stores for businesses looking for dependable and economical storage options is enhanced by improvements in cold storage technology such as automated systems and energy-efficient solutions.
By End User, The Food & Beverage Industry Segment Held the Largest Share
- The cold storage construction market is mainly led by the food and beverages sector due to the increasing focus on maintaining the freshness and safety of perishable goods.
- The food supply chain internationally has grown. Thus, more linked food items are obtained, prepared, and transported over large distances through various modes of transportation. Cold storage facilities are crucial in maintaining controlled temperatures to preserve the freshness and shelf life of unpreserved items in the logistics & supply chain.
- Evolving consumer tastes and the popularity of convenience foods have caused an increased need for a wider variety of perishable goods, requiring more advanced cold storage facilities.
Cold Storage Construction Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- The Asia Pacific region is projected to experience rapid growth in the forthcoming period because of the sturdy financial development, urbanization, and changing consumer adoptions in the area. As financial prudence grows and populations increase, the demand for unpreserved items like fresh fruits and vegetables, dairy products, and medications also drives up. The growing middle class in nations such as China and India is initiating an increased need for high-quality food items and more sophisticated refrigeration storage systems to preserve their freshness and transport them effectively.
- The cold storage construction market is rising in Asia Pacific due to the region's economic growth, urbanization, and shifting consumer preferences. With the cumulative need for cold storage facilities, the Asia Pacific market is well positioned to take advantage of this trend, experiencing significant growth and recognition.
- The increasing population & rise in the middle class in the area give rise to a noteworthy increase in consumption habits, particularly in the food and pharmaceutical industries, requiring more advanced cold storage facilities. The rising importance of food safety and keeping unpreserved items fresh has led to more investment in cold chain logistics, increasing the need for advanced cold storage facilities.
- The increased industrialization and globalization in nations such as China and India have emphasized the necessity for strong cold storage solutions to enable the smooth transport of perishable goods throughout the supply chain. As the region increasingly adopts e-commerce, the need for effective cold storage for perishable products purchased online is also growing.
Active Key Players in the Cold Storage Construction Market
- Americold (U.S.)
- Lineage Logistics (U.S.)
- Preferred Freezer Services (U.S.)
- Burris Logistics (U.S.)
- AGRO Merchants Group (U.S.)
- Interstate Cold Storage (U.S.)
- Tippmann Group (U.S.)
- VersaCold Logistics Services (Canada)
- Henningsen Cold Storage Co. (U.S.)
- Nordic Cold Storage (U.S.)
- Trenton Cold Storage (Canada)
- United States Cold Storage (U.S.)
- Cloverleaf Cold Storage (U.S.)
- Wabash National Corporation (U.S.)
- AGRO Merchants Group (U.S.)
- Burris Logistics (U.S.)
- Millard Refrigerated Services (U.S.)
- Nordic Logistics and Warehousing (U.S.)
- Hanson Logistics (U.S.)
- MTC Logistics (U.S.)
- Kloosterboer (Netherlands)
- NewCold (Netherlands)
- Nichirei Corporation (Japan)
- Swire Cold Storage (Australia)
- Frialsa Frigorificos (Mexico)
Key Industry Developments in the Cold Storage Construction Market:
- In February 2024, Americold, a top company in temperature-controlled logistics worldwide, announced intentions to build its initial cold storage warehouse on the CPKC rail network in Missouri. This partnership with Canadian Pacific Kansas City (CPKC) will place Americold's warehouse facilities on the CPKC network as part of a strategic collaboration.
- In March 2023, Arcadia Cold Storage and Logistics announced a deal to rent and manage a recently built cold storage site in the vicinity of Phoenix. This establishment, scheduled to launch in the third quarter of 2023, will cover an area of 293,000 square feet. Distribution center for convertible freezers and coolers with 40,500 pallet positions. It is created to meet the needs of regional distribution, import-export operations, and services for handling high volumes of throughput.
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Cold Storage Construction Market |
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Base Year: |
2023 |
Forecast Period: |
2023-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 11.67 Bn. |
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Forecast Period 2024-32 CAGR: |
10.11% |
Market Size in 2032: |
USD 27.77 Bn. |
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Segments Covered: |
By Storage Type |
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By Warehouse Type |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Cold Storage Construction Market by By Storage Type
4.1 Cold Storage Construction Market Snapshot and Growth Engine
4.2 Cold Storage Construction Market Overview
4.3 Production Stores
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted
Frequently Asked Questions
What would be the forecast period in the Cold Storage Construction Market research report?
The forecast period in the Cold Storage Construction Market research report is 2024-2032.
Who are the key players in the Cold Storage Construction market?
Americold (United States), Lineage Logistics (United States), Preferred Freezer Services (United States), Nichirei Corporation (Japan), Swire Cold Storage (Australia), Burris Logistics (United States), AGRO Merchants Group (United States), Interstate Cold Storage (United States), Kloosterboer (Netherlands), NewCold (Netherlands), Tippmann Group (United States), VersaCold Logistics Services (Canada), Frialsa Frigorificos (Mexico), Henningsen Cold Storage Co. (United States), Nordic Cold Storage (United States), Trenton Cold Storage (Canada), United States Cold Storage (United States), Cloverleaf Cold Storage (United States), Wabash National Corporation (United States), AGRO Merchants Group (United States), Burris Logistics (United States), Millard Refrigerated Services (United States), Nordic Logistics and Warehousing (United States), Hanson Logistics (United States), MTC Logistics (United States).and Other Major Players.
What are the segments of the Cold Storage Construction market?
The Cold Storage Construction Market is segmented into Storage Type, Warehouse Type, and End Users. By Storage Type, the market is categorized into Production Stores, Bulk Stores, and Ports. By Warehouse Type, the market is categorized into Private and Semi-Private Warehouse, Public Warehouses. By End User, the market is categorized into Food and Beverages, Pharmaceuticals, and Chemicals. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Cold Storage Construction Market?
Cold storage is mainly utilized to keep unpreserved items fresh and outspread their shelf life. Inside the cold storage equipment, a variability of cooling and freezing units is present to maintain a temperature-regulated setting for storing products.
How big is the Cold Storage Construction Market?
Cold Storage Construction Market Size Was Valued at USD 11.67 Billion in 2023 and is Projected to Reach USD 27.77 Billion by 2032, Growing at a CAGR of 10.11% from 2024-2032.
