Refrigerated Warehousing Market Size & Share, Competition Landscape and Demands Till 2025: Americold, Lineage Logistics, Hanson Logistics, Preferred Freezer Services, AGRO Merchants Group, VersaCold Logistics Services, Congebec, Conestoga Cold Storage
Global refrigerated warehousing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of refrigerated warehousing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.Market Definition:
Refrigerated warehousing market offers a variety of temperatures for the manufacturers of food and pharmaceuticals industry. This industry is based on the needs of others as they offer these services for transportation of products as well as storage. With the rising demand of storing the goods manufactured and procured from other means, the Global Refrigerated Warehousing Market will rise significantly.
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Market Analysis:
Due to its acceptance, and its versatility the Global Refrigerated Warehousing Market is set to witness a CAGR of 10.5% in the forecast period of 2018-2025, where it will rise from its initial estimated value of USD 18.4 billion in 2017 to an estimated value of USD 40.9 billion by 2025.
Key Market Competitors:
• Americold,
• Lineage Logistics Holdings LLC.,
• Preferred Freezer Services,
• John Swire & Sons Ltd.,
• AGRO Merchants Group,
Few of the major competitors currently working in the Refrigerated Warehousing Market are NICHIREI CORPORATION, Interstate Cold Storage Inc., Burris Logistics, Frialsa Frigoríficos S.A. de C.V., HENNINGSEN COLD STORAGE CO., A B Oxford Cold Storage Co. Pty Ltd, VersaCold Logistics Services, Congebec, Hanson Logistics, Snowman Logistics, Berkshire Transportation Inc., and CONESTOGA COLD STORAGE
Market Drivers:
• Refrigerated warehousing market is set to witness a market growth because of the increase in demand of consumption of perishable items and frozen products.
• Increasing number of innovations in the market like transportation, freight tracking has also been a major factor in the market growth
Key Developments in the Market:
• In May 2017, Congebec announced that they had acquired Shamrock Cold Storage Inc., expanding their service capabilities and expanding their market share and dominance in Canada.
• In October 2015, AGRO Merchants Group announced that they had completed the acquisition of Nordic Logistics and Warehousing LLC, aimed at expanding the service capabilities in the North America region.
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Segmentation:
• By Technology
1. PLC (Programmable Logic Controller)
2. Evaporative Cooling
3. Vapour Compression
4. Blast Freezing
• By Application
1. Fruits & Vegetables
2. Bakery & Confectionary
3. Dairy Products
4. Meat & Seafood
5. Food & Beverages
• By Temperature
1. Chilled
2. Frozen
• By Geography
1. North America
US
Canada
Mexico
2. South America
Brazil
Argentina
Rest of South America
3. Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
4. Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
5. Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Market Restraints:
• Due to high initial setting up costs, the market is set to be isolated for new small competitors and the major service providers are set to dominate the market which will induce less innovation due to their monopolistic nature in the market share
• High maintenance and operating costs of these warehouses will also pose a significant challenge to overcome and will make the market growth restrained
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
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Data Bridge Market Research
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Email: sopan.gedam@databridgemarketresearch.com
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