North America Cold Storage Market Analysis by Types, Regions and Forecast to 2028

San Francisco, California , USA, Aug 08, 2022 — /EPR Network/ —

North America Cold Storage Industry Overview

The North America cold storage market size was valued at USD 38.70 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% from 2021 to 2028.

Increasing penetration of connected devices and presence of a large consumer base are the key trends bolstering market growth. Furthermore, growing automation of refrigerated warehouses is anticipated to enhance the demand for the product. Automation in warehouses is achieved with the use of cloud technology, conveyor belts, robots, energy management systems, and truck loading automation. Integration of workforce management solutions for picking optimization & workforce forecast has led to reduced labor costs.

Gather more insights about the market drivers, restrains and growth of the North America Cold Storage market

Moreover, rising automation in refrigerated warehouses is projected to further boost the demand. Warehouse automation includes cloud technology, robots, conveyor belts, truck loading automation, and energy management. Refrigerated storage has become an integral part of the Supply Chain Management (SCM) when it comes to transporting and storing temperature-sensitive products.

Cold storage is temperature-controlled storage space. The method is used by industries such as fisheries, aquaculture, horticulture, agriculture, processed food, and dairy. Cold storage systems and refrigerated transportation facilities, which connect the farm-level storage facilities, distribution outlets, and processing units, are estimated to improve the efficiency of the supply chain and reduce wastage of agricultural products.

Bilateral free trade agreements such as the North America Free Trade Agreement (NAFTA) have created opportunities for exporters in the U.S. to increase the trading of perishable foods with no import duties. Such trade agreements are projected to work in favor of the market.

The market is likely to witness considerable growth over the forecast period, owing to a combination of factors such as technological advancements in processing, packaging, and storage of seafood products. Integrated refrigerated warehousing is poised to experience high growth over the forecast period.

Cold storage is an integral part of supply chain management and transportation and storage of temperature-sensitive products. Growing trade of perishable products is expected to drive the market growth. Industry players are increasingly adopting alternative energy solutions, such as wind and solar energy, to minimize the overall operating costs.

Browse through Grand View Research’s Automotive & Transportation Industry Research Reports.

  • Road Haulage MarketThe global road haulage market size to be valued at USD 4,071.7 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% during the forecast period.
  • Automotive Axle MarketThe global automotive axle market size was valued at USD 61.19 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 1.5% from 2022 to 2030.

North America Cold Storage Market Segmentation

Grand View Research has segmented the North America Cold Storage Market on the basis of warehouse type, temperature type, construction type, application, and region

  • North America Cold Storage Warehouse Type Outlook (Revenue, USD Billion, 2017 – 2028)
    • Private & semi-private
    • Public
  • North America Cold Storage Construction Type Outlook (Revenue, USD Billion, 2017 – 2028)
    • Bulk storage
    • Production stores
    • Ports
  • North America Cold Storage Temperature Type Outlook (Revenue, USD Billion, 2017 – 2028)
    • Chilled
    • Frozen
  • North America Cold Storage Application Outlook (Revenue, USD Billion, 2017 – 2028)
    • Fruits & vegetables
    • Dairy
    • Fish, meat & seafood
    • Processed food
    • Pharmaceuticals

Key Companies profiled:

Some prominent players in the global North America Cold Storage market include

  • Americold Logistics LLC
  • Burris Logistics, Inc.
  • Cloverleaf Cold Storage Company
  • Lineage Logistics
  • VersaCold Logistics Services
  • Henningsen Cold Storage Company

Order a free sample PDF of the North America Cold Storage Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Matched content

Editor’s pick

Express Press Release Distribution