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Tuesday, March 21, 2023

Global cold storage manufacturing market to reach $22.9 billion by 2026

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the version: 9; Issued: February 2022
Executive Engagement: 456
Companies: 36 – Players covered include AM King; Americold Logistics LLC; Burris Logistics; sudden cold; Hansen cold storage manufacturing; Lineage Logistics Holdings LLC; Nichirei Logistics Group Inc.; Preferred Freezer Services, LLC.; Primus Builders, Inc.; Tipman Group and others.
Coverage: All major geographies and major segments
Section: type (production store, wholesale store, port, other types); Applications (Food & Beverages, Pharma & Healthcare, Chemicals, Other Applications)
Geographic: World; United States of america, Canada, Japan, China, Europe ,France, Germany, Italy, United Kingdom, and the rest Europe, Asia Pacific, rest of the world.

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To reach the global cold storage manufacturing market $22.9 billion by 2026
Important part of cold storage form and logistics supply chain. These facilities are designed to keep a wide range of food, chemicals and medicine at the right temperature. Cold storage manufacturing has received a major impetus from the COVID-19 crisis, which has required storage as well as delivery at ultra-low temperature settings for pharmaceutical companies to come up with novel vaccines. While cold storage has experienced a major boom in manufacturing activity in recent months, this trend extends beyond health care demand and is attributable to many factors, the primary online grocery shopping. Cold storage manufacturing demand is expected to be driven by growth in online grocery demand, a broader blending of retail and industrial space, increased food pick-up from restaurants and the rapid expansion of global vaccination efforts. With food companies expanding production to meet the growing demand for food products, the demand for cold storage facilities is expected to remain strong in the near future. With last-mile delivery taking precedence amid growth in e-commerce and direct-to-consumer shopping, warehouse construction near major logistics hubs has picked up pace.

Global market for cold storage manufacturing is projected, amid the COVID-19 crisis US$12.1 billion In the year 2022, it is estimated to reach the revised size of US$22.9 billion To 2026, growing at a CAGR of 17.2% over the analysis period. Production stores, one of the segments analyzed in the report, is projected to grow at a CAGR of 17.9% to reach US$14.1 billion by the end of the analysis period. After a thorough analysis of the business impacts of the pandemic and its induced economic crisis, the growth in the Wholesale Stores segment has been re-adjusted to a revised 16.9% CAGR for the next 7 year period. This segment currently accounts for 26.7% of the global cold storage manufacturing market.

US market forecast $3.2 billion in 2022, while China is estimated to reach $5.4 billion by 2026
Estimated Cold Storage Manufacturing Market in America US$3.2 billion in the year 2022. The country currently accounts for 26.43% of the global market. ChinaWorld’s second largest economy, estimated market size to reach US$5.4 billion Trailing at a CAGR of 20.7% through the analysis period in the year 2026. Other notable geographic markets are Japan And Canada, each forecast is projected to grow at a rate of 14.4% and 16.1%, respectively, during the analysis period. Inside Europe, Germany Estimated to grow at a CAGR of around 15.1% while the rest of the European market (as defined in the study) will reach US$6.3 billion by the end of the analysis period. The US needs to build new cold storage facilities to meet growing demand for COVID-19 vaccine rollouts and food delivery. The need is prompting more owners and developers to take up new cold storage construction projects in the country, including california Being the primary destination for these projects.

port section to reach $3.4 billion by 2026
There is a high demand for cold storage facilities located in coastal markets with access to ports and around large population centres. In the Global Ports segment, America, Canada, Japan, China And Europe Will drive an estimated 15.7% CAGR for this segment. These account for the combined market size of the regional market. US$987 million will reach the estimated size of US$2.7 billion by the end of the analysis period. China Will continue to be one of the fastest growers in this group of regional markets. led by countries like Australia, IndiaAnd South Koreain the market Asia Pacific expected to reach US$601 million till the year 2026. More

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Global Industry Analyst, Inc.
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