Cold Storage Construction Market Size, Share, Growth Report 2030

Global Cold Storage Construction Market: Industry Perspective

According to the report published by Zion Market Research, global demand for the cold storage construction market was estimated at approximately USD 7,750.0 Million in 2019 and is anticipated to generate revenue of around USD 19,400.0 Million by end of 2026, growing at a CAGR of around 14.0% between 2020 and 2026.

Global Cold Storage Construction Market: Overview

Cold storage is a technique mainly used for the preservation of perishable products and making them durable for a longer time. In the cold storage equipment, a range of coolers and freezers are provided in order to maintain a temperature-controlled environment for product storage purposes. Cold storage construction has several applications in the medical, industrial, food & beverages, and chemical field. The demand for cold storage construction is rising on a large scale.

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Global Cold Storage Construction Market: Growth Factors

The major factor responsible for driving the global cold storage construction market includes the high demand for perishable food products across the globe, high technological innovations in terms of refrigeration or cold storage processes, and transport. The growing urbanization results in more demand for innovative storage technologies which in turn attributes the global market growth. The government is creating awareness among the public and food producers regarding food wastage and motivating them to obtain the cold storage construction systems that are expected to fuel the global market. The application of cold storage construction in blood banks, mortuaries, and transplant organ storage also helps boost the growth of the global cold storage construction market. The increasing demand for cost-effective and technologically advanced cold storage equipment fuels global market growth. The size and the cost of the large cold storage equipment and also the cost of the materials used for the storage processes hinder the growth of the global market.

Global Cold Storage Construction Market: Segmentation

The global cold storage construction market is divided based on application, type, and region. The application segment is categorized into chemicals, medical products, and food & beverages. The type segment is bifurcated into bulk stores, ports, production stores, and others. The regional segmentation includes Europe, Asia-Pacific, the Middle East, and Africa, North America, and Latin America. The increasing demand for food and beverages and production stores helps boost these segments in the global market.

Global Cold Storage Construction Market: Regional Analysis

The Asia-Pacific region is expected to lead the global cold storage construction market due to the increasing demand for cold storage construction in developing regions such as India and China and also the rising per capita income expenditure. The development of cost-effective and innovative cold storage construction equipment in the Asia-Pacific region also helps the global market growth. Developing economies such as China, Japan, and India prove beneficial for the emerging cold storage construction markets in these regions.

Global Cold Storage Construction Market: Competitive Players

The major players dominating the global cold storage construction market in terms of revenue and development are AmeriCold Logistics, Lineage Logistics Holding LLC, Burris Logistics, Nichirei Logistics Co. Ltd., and Preferred Freezer Services. These key players in order to obtain a reputed position in the global market have implemented several strategies such as signing agreements, bonds, contracts, partnerships, joint ventures, new product launches, collaborations, and mergers & acquisitions.

Cold Storage Construction Market: Regional Segment Analysis

• 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 The Middle East & Africa