The North America Cold Storage Market would witness market growth of 11.6% CAGR during the forecast period (2021-2027).
Cold storage is designed for closed space and keeping the temperature of the storage area less by using refrigerating equipment. Preserving vegetables and fruits at a lower temperature would help in less wastage and increase edible oils and other products. The cold storage warehouses require systems to control moisture & humidity, dock to stock, as well as contingency plans for any possible disaster. These storage warehouses can be installed at different places.
Increasing businesses dealing in perishable products is also expected to result in rising demand for cold storage in upcoming years. Suppliers & users of the products which are temperature sensitive are trying to reduce the impact of surroundings on the cold chain. Moreover, the increasing concern towards changing expectations of consumers, Corporate Social Responsibility (CSR) policies, and strict government regulations are also boosting the need for an appropriate packaging system.
Continuous modernization, change in taste preferences of consumers, and the demand for directly consumable food items like frozen desserts, snacks such as chocolates also serve as an opportunity to the market. Also, the advancement in technologies to perform various activities such as remote temperature monitoring technologies, calculating inventory counts, automatic systems for loading and unloading the product would attracts the marketers to invest in the North American countries which would result in the growth of the cold storage market during the forecast period.
The US market dominated the North America Cold Storage Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $61.2 billion by 2027. The Canada market is experiencing a CAGR of 14.2% during (2021 - 2027). Additionally, The Mexico market would register a CAGR of 13.2% during (2021 - 2027).
Based on Warehouse Type, the market is segmented into Public and Private & Semi-private. Based on Application, the market is segmented into Fish, Meat & Seafood, Processed Food, Dairy, Fruits & Vegetables, Pharmaceuticals and Others. Based on Construction Type, the market is segmented into Production Stores, Bulk Storage and Ports. Based on Temperature Type, the market is segmented into Frozen and Chilled. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cold Storage Market is Estimated to reach $258.7 Billion by 2027, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Americold Realty Trust, Burris Logistics, Lineage Logistics Holdings, LLC, Kalari Pty Ltd. (John Swire & Sons Limited), VersaCold Logistics Services, Wared Logistics, Wabash National Corporation, and Tippmann Group.
By Warehouse Type
By Application
By Construction Type
By Temperature Type
By Country
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