Cold Chain Equipment Market - Global Industry Analysis

Cold Chain Equipment Market- By Equipment Type (Storage Equipment and Transportation Equipment) and By Application (Meat, Dairy & Frozen Desserts, Bakery & Confectionary, Processed Food, Pharmaceuticals, and Vegetables & Fruits): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028

Published Date: 14-Apr-2022 Category: Technology & Media Report Format : PDF Pages: 187 Report Code: ZMR-39 Status : Published

The global Cold Chain Equipment Market accrued earnings worth approximately 108.60 (USD Billion) in 2021 and is predicted to gain revenue of about 205.80 (USD Billion) by 2028, is set to record a CAGR of nearly 9.8% over the period from 2022 to 2028.

Description

The global Cold Chain Equipment Market accrued earnings worth approximately 108.60 (USD Billion) in 2021 and is predicted to gain revenue of about 205.80 (USD Billion) by 2028, is set to record a CAGR of nearly 9.8% over the period from 2022 to 2028. The study provides assessment and analysis of the Cold Chain Equipment Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Cold Chain Equipment Market: Outlook

Vaccines, specialty chemicals, and medicines are to be stored & transported at a specific temperature for retaining their features and cold chain equipment serves this purpose. Moreover, cold chain equipment includes ice-packs, refrigerators, vaccine carriers, foam pads, biotech items, insulin, and cold boxes. Escalating demand for frozen diet across the world has resulted in huge need for cold chain equipment in recent years. Furthermore, cold chain equipment is a key component of immunization supply chain in healthcare sector. Reportedly, cold chain equipment such as freezers, cold rooms, vaccine carriers, cold boxes, and refrigerators are expected to comply with performance protocols set by World Health Organization.

Global Cold Chain Equipment Market

Cold Chain Equipment Market: Growth Drivers

Growth of cold chain equipment market over ensuing years can be credited to storing of processed food & frozen products. In addition to this, altering lifestyle of individuals has resulted into rise in intake of food & drinks and this will prop up cold chain equipment demand over forecasting years. Furthermore, strict government norms for food & pharmaceutical safety during storage & transit will propel expansion in size of cold chain equipment market. Moreover, escalating popularity of chilled & frozen, ready-to-eat diet, and packaged foods will open new growth avenues for cold chain equipment industry.

Additionally, consumers are transiting their food preferences towards value-added food categories including salads, cheese, ready-to-eat diet, fresh vegetables, and processed meat. Apparently, the most commonly utilized cold chain equipment for storing & transporting these kinds of foods include boxes, walk-in-refrigerators, and milk coolers. This will enlarge the scope of cold chain equipment business. Apart from this, there is humungous need for baby food & organic fruit pulps and cold chain equipment is used to store these products along with maintaining their key nutrients for elongated timespan.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Cold Chain Equipment Market: Regional Landscape

Asia Pacific Cold Chain Equipment Market To Register Double Digit Growth With 22% CAGR Over 2022-2028

Expansion of cold chain equipment industry in Asia Pacific zone over forecasting timespan is subject to increase in transport of temperature sensitive medicines across the sub-continent. Apart from this, rapidly expanding food sector in APAC is projected to contribute notably towards regional market size. Presence of key manufacturers in sub-continent will push growth of regional market over upcoming years.

Cold Chain Equipment Market: Competitive Landscape

Key participants profiled in study and leveraging market progression are AmeriCold Logistics LLC, Lineage Logistics, ColdEX Logistics, Preferred Freezer Services, LLC, Swire Cold Storage Pty. Ltd., Cloverleaf Cold Storage, A.B. Oxford Cold Storage Pty. Ltd., Bring Frigo S.L., Burris Logistics, Claus Sorensen Gruppen, and Columbia Colstor.

The global Cold Chain Equipment Market is segmented as follows:

By Equipment Type

  • Storage Equipment
  • Transportation Equipment

By Application

  • Meat
  • Dairy & Frozen Desserts
  • Bakery & Confectionary
  • Processed Food
  • Pharmaceuticals
  • Vegetables & Fruits

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cold Chain Equipment Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Cold Chain Equipment Market : snapshot
  • Chapter 3. Global Cold Chain Equipment Market - Industry Analysis
    • 3.1 Cold Chain Equipment Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Equipment Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Cold Chain Equipment Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cold Chain Equipment Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cold Chain Equipment Market - Equipment Type Analysis
    • 5.1 Global Cold Chain Equipment Market overview: By Equipment Type
      • 5.1.1 Global Cold Chain Equipment Market share, By Equipment Type, 2021 and 2028
    • 5.2 Storage Equipment
      • 5.2.1 Global Cold Chain Equipment Market by Storage Equipment, 2022 - 2028 (USD Billion)
    • 5.3 Transportation Equipment
      • 5.3.1 Global Cold Chain Equipment Market by Transportation Equipment, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Cold Chain Equipment Market - Application Analysis
    • 6.1 Global Cold Chain Equipment Market overview: By Application
      • 6.1.1 Global Cold Chain Equipment Market share, By Application, 2021 and 2028
    • 6.2 Meat
      • 6.2.1 Global Cold Chain Equipment Market by Meat, 2022 - 2028 (USD Billion)
    • 6.3 Dairy & Frozen Desserts
      • 6.3.1 Global Cold Chain Equipment Market by Dairy & Frozen Desserts, 2022 - 2028 (USD Billion)
    • 6.4 Processed Food
      • 6.4.1 Global Cold Chain Equipment Market by Processed Food, 2022 - 2028 (USD Billion)
    • 6.5 Pharmaceuticals
      • 6.5.1 Global Cold Chain Equipment Market by Pharmaceuticals, 2022 - 2028 (USD Billion)
    • 6.6 Vegetables & Fruits
      • 6.6.1 Global Cold Chain Equipment Market by Vegetables & Fruits, 2022 - 2028 (USD Billion)
  • Chapter 7. Cold Chain Equipment Market - Regional Analysis
    • 7.1 Global Cold Chain Equipment Market Regional Overview
    • 7.2 Global Cold Chain Equipment Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America Cold Chain Equipment Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America Cold Chain Equipment Market, by Equipment Type, 2022 - 2028
      • 7.4.1 North America Cold Chain Equipment Market, by Equipment Type, 2022 - 2028 (USD Billion)
    • 7.5 North America Cold Chain Equipment Market, by Application, 2022 - 2028
      • 7.5.1 North America Cold Chain Equipment Market, by Application, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe Cold Chain Equipment Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe Cold Chain Equipment Market, by Equipment Type, 2022 - 2028
      • 7.4.1 Europe Cold Chain Equipment Market, by Equipment Type, 2022 - 2028 (USD Billion)
    • 7.5 Europe Cold Chain Equipment Market, by Application, 2022 - 2028
      • 7.5.1 Europe Cold Chain Equipment Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific Cold Chain Equipment Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific Cold Chain Equipment Market, by Equipment Type, 2022 - 2028
      • 7.4.1 Asia Pacific Cold Chain Equipment Market, by Equipment Type, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific Cold Chain Equipment Market, by Application, 2022 - 2028
      • 7.5.1 Asia Pacific Cold Chain Equipment Market, by Application, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America Cold Chain Equipment Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America Cold Chain Equipment Market, by Equipment Type, 2022 - 2028
      • 7.4.1 Latin America Cold Chain Equipment Market, by Equipment Type, 2022 - 2028 (USD Billion)
    • 7.5 Latin America Cold Chain Equipment Market, by Application, 2022 - 2028
      • 7.5.1 Latin America Cold Chain Equipment Market, by Application, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Cold Chain Equipment Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa Cold Chain Equipment Market, by Equipment Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Cold Chain Equipment Market, by Equipment Type, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa Cold Chain Equipment Market, by Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Cold Chain Equipment Market, by Application, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 AmeriCold Logistics LLC
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Lineage Logistics
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 ColdEX Logistics
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Preferred Freezer Services LLC
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Swire Cold Storage Pty. Ltd.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Cloverleaf Cold Storage
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 A.B. Oxford Cold Storage Pty. Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Bring Frigo S.L.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Burris Logistics
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Claus Sorensen Gruppen
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Columbia Colstor.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cold Chain Equipment Market attractiveness, By Equipment Type
  • 6. Global Cold Chain Equipment Market attractiveness, By Application
  • 7. Global Cold Chain Equipment Market share by Equipment Type, 2022 and 2028 (USD Billion)
  • 8. Global Cold Chain Equipment Market by Storage Equipment, 2022 - 2028 (USD Billion)
  • 9. Global Cold Chain Equipment Market by Transportation Equipment, 2022 - 2028 (USD Billion)
  • 10. Global Cold Chain Equipment Market share by Application, 2022 and 2028 (USD Billion)
  • 11. Global Cold Chain Equipment Market by Meat, 2022 - 2028 (USD Billion)
  • 12. Global Cold Chain Equipment Market by Dairy & Frozen Desserts, 2022 - 2028 (USD Billion)
  • 13. Global Cold Chain Equipment Market by Processed Food, 2022 - 2028 (USD Billion)
  • 14. Global Cold Chain Equipment Market by Pharmaceuticals, 2022 - 2028 (USD Billion)
  • 15. Global Cold Chain Equipment Market by Vegetables & Fruits, 2022 - 2028 (USD Billion)
  • 16. Global Cold Chain Equipment Market share, by Region, 2022 and 2028
  • 17. North America Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
  • 18. Europe Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
  • 19. Asia Pacific Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
  • 20. Latin America Cold Chain Equipment Market, 2022 - 2028 (USD Billion)
  • 21. The Middle-East and Africa Cold Chain Equipment Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Cold Chain Equipment Market: Snapshot
  • 2. Drivers of the Cold Chain Equipment Market: impact analysis
  • 3. North America Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 4. North America Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 5. U.S. Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 6. U.S. Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 7. Canada Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 8. Canada Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 9. Europe Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 10. Europe Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 11. Germany Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 12. Germany Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 13. France Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 14. France Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 15. U.K. Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 16. U.K. Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 17. Italy Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 18. Italy Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 19. Spain Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 20. Spain Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 25. China Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 26. China Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 27. Japan Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 28. Japan Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 29. India Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 30. India Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 31. South Korea Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 32. South Korea Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 33. South-East Asia Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 34. South-East Asia Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 37. Latin America Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 38. Latin America Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 39. Brazil Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 40. Brazil Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 41. Mexico Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 42. Mexico Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 47. GCC Countries Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 48. GCC Countries Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 49. South Africa Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 50. South Africa Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa Cold Chain Equipment Market revenue, By Equipment Type, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa Cold Chain Equipment Market revenue, By Application, 2022 - 2028 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Cold Chain Equipment market. Zion Research has collected and analyzed key data belong to the global Cold Chain Equipment market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Cold Chain Equipment across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Cold Chain Equipment industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Cold Chain Equipment market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Supply chain management that facilitates the transportation and storage of perishable goods are called as a cold chain. A cold chain is series of storage and distribution activities at the desired temperature. The cold chain is helpful to preserve the food and various products such as pharmaceutical and agricultural products. Cold chain equipment is the heart of cold chain industry. Cold chain equipment includes storage and transportation equipment or components. The cold chain equipment market is growing at a rapid pace owing to rising market for frozen food products.

Cold chain equipment such as refrigerators, deep freezers, warehouses helps to preserve and avoid the wastage of agricultural produce and perishable food products such as meat, seafood, fruit & vegetables, and fish. The advancements in the pharmaceutical industry are also expected to drive the market for cold chains equipment market during the years to come. Moreover, increasing the population of the world has resulted in growing demand for both food and pharmaceuticals. This, in turn, has been resulted into growing need for cold chains equipment.

On the basis of product, the global cold chain equipment market includes storage equipment and transportation equipment. Among these two products, the storage equipment dominated the global cold chain equipment market in 2019. It accounted for over 50.0% share of the total revenue generated and this trend is predicted to continue this trend over the years to come.

The end-uses segmentation for the global cold chain market includes the various fields like fruits & vegetables, bakery & confectionery, dairy & frozen desserts, meat, fish & seafood and others (including sauces, condiments, salad dressings, and dips). Meat, fish & seafood dominated the global cold chain market compared to others segments in 2019 with more than 35.0% share of the total market. The growing import and export industry for the meat, fish, and seafood is a highly anticipating segment in the cold chain market. Thus, cold chain storage factor attributed to avoiding wastage of these products is expected to drive the cold chain market in the forecast period.

In 2019, North America led the market and accounted for around 40% share of the market. The APAC region is expected to be the fastest-growing region during the forecast period. Rising disposable income, growth in food retail market, and rapidly growing demand for frozen food in the region is expected to trigger the cold chain industry in the years to come.

Key players involved globally in cold chain market include AmeriCold Logistics, Lineage Logistics, Preferred Freezer Services, and Swire Cold Storage, A.B. Oxford Cold Storage, Bring Frigoscandia AS, Burris Logistics, Claus Sorensen, Cloverleaf Cold Storage, ColdEX and Columbia Colstor amongst others.

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FrequentlyAsked Questions

Growth of cold chain equipment market over ensuing years can be credited to storing of processed food & frozen products. In addition to this, altering lifestyle of individuals has resulted into rise in intake of food & drinks and this will prop up cold chain equipment demand over forecasting years.

According to Zion market research report, The global Cold Chain Equipment Market accrued earnings worth approximately 108.60 (USD Billion) in 2021 and is predicted to gain revenue of about 205.80 (USD Billion) by 2028, is set to record a CAGR of nearly 9.8% over the period from 2022 to 2028.

Asia Pacific sub-continent will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Cold Chain Equipment Market size in sub-continent over 2022-2028 can be due to increase in transport of temperature sensitive medicines across the sub-continent.     

The key industry participants leveraging business space include AmeriCold Logistics LLC, Lineage Logistics, ColdEX Logistics, Preferred Freezer Services, LLC, Swire Cold Storage Pty. Ltd., Cloverleaf Cold Storage, A.B. Oxford Cold Storage Pty. Ltd., Bring Frigo S.L., Burris Logistics, Claus Sorensen Gruppen, and Columbia Colstor.

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