The best of both research techniques including qualitative and quantitative are applied to gauge the market size, share, and growth rate. The global cold storage construction market is expected to reach a market size of USD 18.59 Billion by 2027, according to recent analysis by Emergen Research. High revenue growth of the market can be attributed to rising demand for processed and perishable food products. Increasing initiatives of governments to increase adoption of cold storage facilities to reduce food loss and wastage has been driving demand for and deployment of cold storage construction and services.
The latest research report is touted as the first document covering the current market situation that is substantially affected by the COVID-19 outbreak. The pandemic has brought about enormous changes in the global economic landscape, which, in turn, has disrupted the Cold Storage Construction Market industry’s functioning. However, this report entails the latest updates about the impact of COVID-19 on this ever-evolving business sector. Additionally, our team of analysts has estimated the aftermath of the outbreak and its future impact on the global economic landscape.
The Global Cold Storage Construction Market report serves as an accurate database providing the precise market estimations based on a detailed industry analysis. The highly professional report is targeted at readers and businesses interested in this sphere. Our team of analysts has employed primary and secondary research methodologies to determine the estimated market share over the projected timeframe, as well as to analyze the major market segments, including regional bifurcation. The report enumerates the key market players, scrutinizing their strategic initiatives such as collaborations & partnerships, mergers & acquisitions, joint ventures, technological innovation, and new product launches. The analysts have implemented several industry-leading methods for data collection. The report elaborates on the current scenario by taking a closer look at the major players, cost structures, and product pricing. Therefore, the latest report focuses on several pivotal factors influencing market growth, including market size, sales volume, revenue forecast, regional concentration, and ongoing market trends.
Segments Covered in this Report
Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2020–2027)
Perishable food (Fruits & vegetables, meat & seafood, dairy products)
Flowers & plants
Storage Type Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2020–2027)
Cold Storage warehouse type Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2020–2027)
Blast freezers and chillers
Pharmaceutical cold storage warehouse
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Regional Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2020–2027)
Middle East & Africa
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Highlights of Report
In June 2020, Lineage Logistics, which is an innovative and well-established provider of temperature-controlled logistics solutions provider, announced completion of acquisition of Emergent Cold. The acquisition is expected to help the company in providing more advanced and innovative logistics services globally.
The perishable food segment accounted for largest market share of 36.0% in 2019. Rising disposable income of consumers in developing economies has been resulting in increasing demand for perishable food products.
Production stores segment revenue is expected to expand at a rapid CAGR of 14.4% during the forecast period. The increased need for protection of food products and raw materials against spoilage and contamination during various production processes has been driving demand for production stores.
The refrigerated containers segment accounted for a significantly high revenue share in the cold storage construction market in 2019. The refrigerated containers are increasingly adopted by the grocers as they are cost-effective and offer the best solution for cold storage warehouses of temperature-sensitive products.
Asia Pacific accounted for largest revenue share contribution to the global cold storage construction market as compared to other regional markets in 2019. Growth of major online grocery platforms such as Suning.com and JD.com in China, and Big Basket in India has been driving increasing need for construction and deployment of larger and additional cold storage systems and facilities.
Key players in the market include AmeriCold Logistics LLC, Lineage Logistics, Swire Group, AGRO Merchants Group, LLC, Nichirei Logistics Group Inc., Kloosterboer, NewCold Coöperatief U.A., VersaCold Logistics Services, Tippmann Construction / Interstate Warehousing, Inc. (a Tippmann Group Company) and Frialsa Frigorificos S.A. De C.V.
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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