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Refrigerated Warehousing And Storage Market Analysis, Growth Opportunities, Leading Competitors, And Forecast To 2033
Refrigerated Warehousing And Storage Market Analysis
The Business Research Company's Refrigerated Warehousing And Storage Global Market Report 2024 identifies warehouses are increasingly using mobile technologies as the major driver for the refrigerated warehousing and storage market's growth in the forecast period. Mobile technology includes the use of tablets, smartphones, mobile printers, and other handheld devices for communication and information. These devices make use of GPS, RFID, VoIP, digital imaging, and voice technology. Technicians operating forklifts and automated material handling equipment in a warehouse are using mobile technologies to obtain information on troubleshooting, repairs, and work orders.
The refrigerated warehousing and storage market size has grown strongly in recent years. It will grow from $172.31 billion in 2023 to $187.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to globalization of the food supply chain, consumer demand for fresh products, e-commerce and online grocery shopping, pharmaceutical supply chain requirements.
The refrigerated warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $262.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to population growth and urbanization, sustainability and energy efficiency, economic growth in emerging markets, climate change and extreme weather events. Major trends in the forecast period include technology integration, energy efficiency and sustainability, e-commerce and last-mile delivery, cold storage for e-pharmacies.
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Major competitors in the refrigerated warehousing and storage market are AmeriCold Logistics, Nichirei Corporation, Lineage Logistics Holdings LLC, Henningsen Cold Storage Co., Burris Logistics, Toyo Suisan Kaisha Ltd.
A key trend in the refrigerated warehousing and storage market includes innovations in specialized freight trucking and warehouse facilities. Major companies operating in the refrigerated warehousing and storage market are developing innovative warehouse facilities to provide reliable services to customers. An innovative warehouse facility refers to a modern and technologically advanced storage space designed to optimize storage, retrieval, and management processes. For instance, in October 2022, FlexCold, a US-based provider of revolutionizing cold storage warehousing, launched a warehousing facility to modernize and revolutionize cold storage and food logistics warehousing. It is designed with two adaptable rooms that may be used for frozen or chilled goods: a freezer room where temperatures are kept below zero and a blast freezer room where goods like poultry can be frozen to absolute zero in less than 36 hours. It provides direct ocean connections to 140 ports in 70 countries and accessibility to more than 98 million consumers within a day's drive.
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The refrigerated warehousing and storage market is segmented -
1) By Type: Cold Storage, Frozen Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By Application: Fruits and Vegetables, Bakery and Confectionery, Milk and Dairy Products, Meat, Seafood, Beverages, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the refrigerated warehousing and storage market.
The Business Research Company's "Global Refrigerated Warehousing And Storage Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Refrigerated Warehousing And Storage Market Include:
1. Executive Summary
2. Refrigerated Warehousing And Storage Market Characteristics
3. Refrigerated Warehousing And Storage Product/Service Analysis -Product/Service Examples
4. Refrigerated Warehousing And Storage Market Trends And Strategies
5. Refrigerated Warehousing And Storage Market - Macro Economic Scenario
…….
68. Global Refrigerated Warehousing And Storage Market Competitive Benchmarking
69. Global Refrigerated Warehousing And Storage Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Refrigerated Warehousing And Storage Market
71. Refrigerated Warehousing And Storage Market Future Outlook and Potential Analysis
72. Appendix
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