Global Cold Chain Equipment Market Research Report is a comprehensive examination of the market's present trends, as well as the factors driving and inhibiting its growth. It presents projections for the market for the next years. It includes an examination of recent technological advancements, an examination of Porter's five-force model, and specific profiles of the most prominent industry participants. The study also includes a discussion of micro and macro aspects that are important for both new entrants and established players in the industry, as well as a full value chain analysis.
The global Cold Chain Equipment Market was valued at over 108.60 (USD Billion) in 2021 and is predicted to reach 205.80 (USD Billion) by 2028, at a CAGR of almost 9.8 percent.
Temperature-controlled storage and distribution facilities, such as vaccines, pharmaceuticals, and chemicals, are all part of the cold chain, which is an unbroken supply chain. The cold chain equipment is an essential part of the supply chain in the cold chain operation. The distribution and transportation of vaccines is only possible because of the cold chain's equipment and vaccine carriers.
Increased food waste throughout the world is a major factor driving the global cold chain industry. Second, the market for cold chain equipment is projected to be driven by the rapid expansion of the frozen food segment. Cold chain equipment market expansion is projected to be hampered by high installation costs and rigorous government laws and regulations. Emerging nations' rising food consumption is expected to bring up new market opportunities for cold chain equipment in the near future.
The cold chain equipment market was led by storage equipment in 2014, with a global market share of more than 50.0 percent. 2014's market for storage and transportation equipment is dominated by these two product categories. As the world's appetite for food grows, so will the demand for storage technology to keep up with the rising supply and the rising global demand for frozen foods.
Asia Pacific is expected to be one of the fastest growing regional markets for cold chain equipment market within the forecast period. This market growth is expected to be driven by the increase in the deployment of cold chain management in India and China. Thus, the increased demand for cold chain logistics in emerging economies is one of the major trends that are expected to contribute to the growth of the global cold chain market during the years to come.
Key players involved globally in cold chain market include AmeriCold Logistics, Lineage Logistics, Preferred Freezer Services, and Swire Cold Storage, A.B. Oxford Cold Storage, Bring Frigoscandia AS, Burris Logistics, Claus Sorensen, Cloverleaf Cold Storage, ColdEX and Columbia Colstor amongst others.
This report segments the global cold chain equipment market as follows:
Cold Chain Equipment Market: Product Segment Analysis
Storage Equipment
Transport Equipment
Cold Chain Equipment Market: End-User Segment Analysis
Meat, Fish & Seafood
Dairy & Frozen Desserts
Vegetables & Fruits
Bakery & Confectionary
Others
Cold Chain Equipment Market: Regional Segment Analysis
North America
Europe
Asia Pacific
Rest of World
About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.
Comments