Fortune business insights recently published a detailed market research study focused on the “The cold chain equipment market share Report 2024” delivering key insights and providing a competitive advantage to clients through a detailed report. Cold Chain Equipment Market Size, Share & Industry Analysis, By Type (Refrigerated Storage and Transportation), By Industry Vertical (Pharmaceuticals, Food and Beverage, Chemicals, Others), and Regional Forecast, 2023 - 2030
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The competitive landscape of the market for cold chain equipment market is determined by assessing the major industry participants, production capacity, production capacity utilization rate, cold chain equipment marketM’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the cold chain equipment marketM globally.
Top key players of cold chain equipment market:
- Americold Logistics, Inc. (U.S.)
- BITZER SE (Germany)
- CAREL (Italy)
- ebm-papst (Germany)
- Carrier Transicold (U.S.)
- Intertecnica (Italy)
- Schmitz Cargobull (Germany)
- Viessmann (Germany)
- Thermo King (U.S.)
- Zanotti SpA (Italy)
Market atributes:
| Report Componant | Aspects |
| Forecast Period | 2022-2030 |
| Projected market valuve 2022 | USD 26.30 billion |
| Forecasted market valuve 2030 | USD 83.34 billion |
| Compound Annual Growth Rate | 15.5 |
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Drivers and restraints:
Driver: Rising Demand for Perishable Goods
Increased consumer demand for fresh and perishable goods, including food and pharmaceuticals, drives the need for cold chain equipment to ensure proper storage and transportation at controlled temperatures.
Driver: Growth in Global Food and Pharmaceutical Industries
The expansion of the global food and pharmaceutical industries increases the need for reliable cold chain solutions to maintain product quality and compliance with regulatory standards during distribution and storage.
Driver: Technological Advancements
Advancements in cold chain technology, such as improved refrigeration systems, temperature monitoring, and automation, enhance the efficiency and reliability of cold chain equipment, driving market growth.
Restraint: High Initial Costs
The substantial upfront investment required for purchasing and installing advanced cold chain equipment can be a barrier for smaller companies and businesses with limited budgets.
Restraint: Maintenance and Operational Challenges
Cold chain equipment requires regular maintenance and can involve complex operational requirements, including ensuring consistent temperature control and addressing equipment failures, which can impact overall efficiency and costs.
Regional analysis:
- North America (By Type, Industry Vertical, and Country)
- U.S. (By Industry Vertical)
- Canada (By Industry Vertical)
- Mexico (By Industry Vertical)
- South America (By Type, Industry Vertical, and Country)
- Brazil (By Industry Vertical)
- Argentina (By Industry Vertical)
- Rest of South America
- Europe (By Type, Industry Vertical, and Country)
- U.K. (By Industry Vertical)
- Germany (By Industry Vertical)
- France (By Industry Vertical)
- Spain (By Industry Vertical)
- Rest of Europe
- Asia Pacific (By Type, Industry Vertical, and Country)
- China (By Industry Vertical)
- India (By Industry Vertical)
- Japan (By Industry Vertical)
- Rest of Asia Pacific
- Middle East & Africa (By Type, Industry Vertical, and Country)
- South Africa (By Industry Vertical)
- GCC (By Industry Vertical)
- Rest of the Middle East & Africa
Table of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
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Key industry developments:
- December 2022: A.P. Moller Maersk announced the inauguration of a new facility in Norway, meticulously designed to meet the specific requirements of the expansive Norwegian fish industry. This state-of-the-art facility ensures seamless supply chain connectivity, particularly benefiting customers involved in transporting frozen and chilled goods.
- September 2022: BITZER, the refrigeration and air conditioning specialist, unveiled sustainable solutions tailored for bus and rail challenges at the Berlin InnoTrans trade fair. BITZER showcased the SPEEDLITE ELV52 scroll compressor, a specially developed solution for electric buses and rail vehicles.
- November 2021: Schmitz Cargobull, Europe's leading semi-trailer manufacturer, introduced its first product from the U.K. plant – the S. KO PACE SMART. This fully modular dry-freight semi-trailer is designed for U.K. and Irish operators, incorporating market-specific features.
- June 2021: In a strategic move toward network expansion, Stockhabo acquired Frigologix, a cold storage provider. This acquisition welcomed three new sites in Belgium (Herk de-Stad, Lommel, and Val-de-Meuse), expanding Stockhabo's capacity to 235,000 pallet slots and enhancing potential revenue flow.
- July 2020: LINEAGE LOGISTICS HOLDING, LLC completed the acquisition of Ontario Refrigerated Services, Inc., establishing its presence in Canada as a major player in refrigerated storage services.
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Key questions are answer in this report:
- What is the market size of cold chain equipment market 2024?
- Who are top key players in this report?
- what are drivers in the cold chain equipment industry?
- what is the future projection of cold chain equipment industry?