Global Refrigerated Warehousing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Refrigerated Warehousing Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global refrigerated warehousing market report has been segmented on the basis of temperature, application, and region.
“The Refrigerated Warehousing Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Warehouses are commercial buildings primarily used for the storage of goods, by manufacturers, importers, exporters, customs, wholesalers, transport businesses, etc.
They are usually large plain buildings located in industrial areas of cities. Refrigerated warehouses are special types of warehouses; wherein perishable goods & merchandise are stored under specific temperatures – mostly under sub-zero temperatures.
Most of these refrigerated warehouses are operational year-round, even when staff is not present.
The rising demand for frozen food products among individuals in developed and some developing economies is a major factor driving the growth of the global refrigerated warehousing market.
In addition, technological advancements in warehousing equipment, growing health awareness among individuals, and high demand for specialty refrigeration for seafood, meat, and a wide variety of perishable products are other factors expected to aid in the growth of the global refrigerated warehousing market over the forecast period.
However, high costs associated with refrigerated warehousing especially in maintaining specific temperatures and keeping the warehouse operational year round is a key factor restraining the growth of the global refrigerated warehousing market.
Additionally, the presence of a number of players in the market is resulting in a high degree of competition between them which is another major factor anticipated to hamper the growth of the global refrigerated warehousing market over the forecast period.
A major and rising trend in the global refrigerated warehousing market is the automation of equipment especially forklifts, hydraulic stackers, and pallet trucks used in the refrigerated warehouses. This is another factor anticipated to fuel in growth of the global refrigerated warehousing market to a significant extent.
Currently, the market in the Asia Pacific dominates the global refrigerated warehousing market in revenue terms owing to the presence of a high number of refrigerated warehouses, rising demand for processed foods, rapid urbanization, and increasing disposable income in emerging economies such as China, Japan, South Korea, and India.
The market in North America accounted for the second-highest revenue share in the global refrigerated warehousing market, due to the high consumption of processed seafood, and high disposable income, followed by markets in Europe, Latin America, and the Middle East & Africa respectively.
The markets in Europe and Latin America are also projected to witness moderate growth in terms of revenue over the forecast period.
Global Refrigerated Warehousing Market Segmentation:
- Fruits & vegetables
- Bakery & confectionery
- Milk & dairy products
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AmeriCold Logistics
- Lineage Logistics
- Preferred Freezer Services
- John Swire
- AGRO Merchants
- Nichirei Logistics
- Kloosterboer Services
- Interstate Cold Storage
- Cloverleaf Cold Storage
- Henningsen Cold Storage
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