North America Cold Storage Market Size, Share & Trends Analysis Report By Type (Storage, Transportation, Packaging, Monitoring Components), By Temperature Range, By Application, By Country, And Segment Forecasts, 2024 - 2030

Market Segmentation

• North America Cold Storage Market Type Outlook (Revenue, USD Billion; 2017 - 2030)
  • Storage
    • Facilities/Services
      • Refrigerated Warehouse
        • Private & Semi-Private
        • Public
      • Cold Room
    • Equipment
      • Blast freezer
      • Walk-in Cooler and Freezer
      • Deep Freezer
      • Others
• North America Cold Storage Market Temperature Range Outlook (Revenue, USD Billion; 2017 - 2030)
  • Chilled (0°C to 15°C)
  • Frozen (-18°C to -25°C)
  • Deep-frozen (Below -25°C)
• North America Cold Storage Market Application Outlook (Revenue, USD Billion; 2017 - 2030)
  • Food & Beverages
    • Fruits & Vegetables
    • Fruit Pulp & Concentrates
    • Dairy Products
      • Milk
      • Butter
      • Cheese
      • Ice cream
      • Others
    • Fish, Meat, and Seafood
    • Processed Food
    • Bakery & Confectionary
    • Others
  • Pharmaceuticals
    • Vaccines
    • Blood Banking
    • Others
  • Others
• North America Cold Storage Market Country Outlook (Revenue, USD Billion; 2017 - 2030)
  • U.S.
    • U.S. Cold Storage Market by Type
      • Storage
        • Facilities/Services
          • Refrigerated Warehouse
            • Private & Semi-Private
            • Public
          • Cold Room
        • Equipment
          • Blast freezer
          • Walk-in Cooler and Freezer
          • Deep Freezer
          • Others
    • U.S. Cold Storage Market by Temperature Range
      • Chilled (0°C to 15°C)
      • Frozen (-18°C to -25°C)
      • Deep-frozen (Below -25°C)
    • U.S. Cold Storage Market by Application
      • Food & Beverages
        • Fruits & Vegetables
        • Fruit Pulp & Concentrates
        • Dairy Products
          • Milk
          • Butter
          • Cheese
          • Ice cream
          • Others
        • Fish, Meat, and Seafood
        • Processed Food
        • Bakery & Confectionary
        • Others
      • Pharmaceuticals
        • Vaccines
        • Blood Banking
        • Others
      • Others
  • Canada
    • Canada Cold Storage Market by Type
      • Storage
        • Facilities/Services
          • Refrigerated Warehouse
            • Private & Semi-Private
            • Public
          • Cold Room
        • Equipment
          • Blast freezer
          • Walk-in Cooler and Freezer
          • Deep Freezer
          • Others
    • Canada Cold Storage Market by Temperature Range
      • Chilled (0°C to 15°C)
      • Frozen (-18°C to -25°C)
      • Deep-frozen (Below -25°C)
    • Canada Cold Storage Market by Application
      • Food & Beverages
        • Fruits & Vegetables
        • Fruit Pulp & Concentrates
        • Dairy Products
          • Milk
          • Butter
          • Cheese
          • Ice cream
          • Others
        • Fish, Meat, and Seafood
        • Processed Food
        • Bakery & Confectionary
        • Others
      • Pharmaceuticals
        • Vaccines
        • Blood Banking
        • Others
      • Others

North America Cold Storage Market Dynamics

Driver: Increasing Technological Advancements in Cold Storage Warehouses

Growing automation is changing the traditional warehouse operations enabling the companies to maximize the throughput. Growing penetration of robotics applications, automated material handling equipment, and high-speed conveyor systems helps in achieving order accuracy. The automated warehousing systems increase the storage capacity by 400% compared to the traditional forklift operations. Additionally, the automation also helps to use additional space for other activities, such as manufacturing and value-added services. Operators use devices, such as RFID readers, and barcode scanners, to streamline inventory and shipping management. The rising e-commerce industry is likely to further increase the function of the warehouses including customer services, packaging, and value-added services. Automating warehouses ensures transparency in the work environment. The growing need for automating logistics processes has caused the robot vendors to rely on software to enhance the solution productivity and ensure seamless operation.

Driver: Increasing IT Spending in Cold Storage Logistics

The pharmaceutical and FMCG companies that are handling temperature-sensitive products are minimizing the supply chain risks by using cold storage. With the advent of cloud technology industry players are increasing their IT spending to reduce their total cost of ownership and to improve logistics performance. According to the Food and Agriculture Organization (FAO), it is estimated that 1.6 billion tons of food products are wasted annually owing to the lack of adequate temperature management systems. To overcome such problems organizations have increased spending on technologies such as smart refrigerator systems and cloud computing solutions. The organization implementing IT solutions must adhere to IT security guidelines of the National Institute of Standards & Technology and other regulations framed by government organizations including the U.S. Food and Drug Administration, the WHO, and the EU regulation for food and drug safety.

Restraint: High Capital Investment and Lack of Skilled Labor

High running costs, capital investment, and scalability of different picking methods are the key factors that would restrain the market growth over the forecast period. Maintenance of food quality and safety by preventing premature expiry, decay, and spoilage are factors that need attention from manufacturers, retailers, and consumers in the food industry. To maintain the food quality, service providers invest significantly in modern cold storage facilities. However, high energy costs are a growing concern for cold chain providers as energy costs are exceptionally high in North America. Refrigerated storage facilities use traditional fluorescent light fixtures, which are switched on throughout the year as it is mandatory under regulations. Energy expenses alone account for 30% of the total expenses in cold storage. Advanced automation, software systems, and high-tech advances in tracking systems and warehousing demand skilled labor. Cold storage facilities require skilled and diligent workers to perform key operational tasks and remain educated and committed to continuous improvement.

What Does This Report Include?

This section will provide insights into the contents included in this North America cold storage market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

North America cold storage market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

North America cold storage market quantitative analysis

• Market size, estimates, and forecast from 2017 to 2028

• Market estimates and forecast for product segments up to 2028

• Regional market size and forecast for product segments up to 2028

• Market estimates and forecast for application segments up to 2028

• Regional market size and forecast for application segments up to 2028

• Company financial performance