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Cold Storage Construction - Global Market Trajectory & Analytics

  • ID: 4804233
  • Report
  • February 2022
  • Region: Global
  • 227 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • A M King
  • AmeriCold Logistics LLC
  • Burris Logistics
  • Primus Builders, Inc.
  • Stellar
  • Tippmann Group

Global Cold Storage Construction Market to Reach $22.9 Billion by 2026


Cold storage forms and important part of the logistics supply chain. These facilities are designed to keep wide range of food, chemicals and medicine at the right temperature. Cold storage construction has received a major impetus from the COVID-19 crisis that led pharmaceutical companies to come up with novel vaccines requiring storage as well as distribution at ultra-low temperature settings. While cold storage has experienced major uptick in construction activity in the recent months, the trend goes beyond the healthcare demand and attributed to several factors, primary online grocery shopping. The demand for cold storage construction is expected to be driven by rise in demand for online grocery, wider blending of retail and industrial space, rise in food takeaways from restaurants, and rapid expansion of global vaccination efforts. With food companies expanding production in order to meet the increased demand for food products, demand for cold storage facilities is expected to remain robust in near future.

Amid the COVID-19 crisis, the global market for Cold Storage Construction estimated at US$8.5 Billion in the year 2020, is projected to reach a revised size of US$22.9 Billion by 2026, growing at a CAGR of 17.2% over the analysis period. Production Stores, one of the segments analyzed in the report, is projected to grow at a 17.9% CAGR to reach US$14.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bulk Stores segment is readjusted to a revised 16.9% CAGR for the next 7-year period. This segment currently accounts for a 26.7% share of the global Cold Storage Construction market.



The U.S. Market is Estimated at $2.6 Billion in 2021, While China is Forecast to Reach $5.4 Billion by 2026


The Cold Storage Construction market in the U.S. is estimated at US$2.6 Billion in the year 2021. The country currently accounts for a 26.43% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$5.4 Billion in the year 2026 trailing a CAGR of 20.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.4% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR while Rest of European market (as defined in the study) will reach US$6.3 Billion by the end of the analysis period. The US is witnessing pressing need to construct new cold storage facilities for addressing rising demand for COVID-19 vaccine rollouts and food delivery. The requirement is prompting more owners and developers to kick-start new cold storage construction projects in the country, with California being the primary destination for these projects.

Ports Segment to Reach $3.4 Billion by 2026


Cold storage facilities located in coastal markets with access to ports and in vicinity of large population centers are in high demand. In the global Ports segment, USA, Canada, Japan, China and Europe will drive the 15.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$987 Million in the year 2020 will reach a projected size of US$2.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$601 Million by the year 2026.

Select Competitors (Total 36 Featured) -

  • A M King
  • AmeriCold Logistics LLC
  • Burris Logistics
  • Hansen Cold Storage Construction
  • Lineage Logistics Holding, LLC
  • Nichirei Logistics Group Inc.
  • Primus Builders, Inc.
  • Stellar
  • Tippmann Group
  • United States Cold Storage, Inc.
Frequently Asked Questions about the Global Market for Cold Storage Construction

What is the estimated value of the Global Market for Cold Storage Construction?

The Global Market for Cold Storage Construction was estimated to be valued at $8.5 Billion in 2020.

What is the growth rate of the Global Market for Cold Storage Construction?

The growth rate of the Global Market for Cold Storage Construction is 18.0%, with an estimated value of $22.9 Billion by 2026.

What is the forecasted size of the Global Market for Cold Storage Construction?

The Global Market for Cold Storage Construction is estimated to be worth $22.9 Billion by 2026.

Who are the key companies in the Global Market for Cold Storage Construction?

Key companies in the Global Market for Cold Storage Construction include A M King, AmeriCold Logistics LLC, Burris Logistics, Hansen Cold Storage Construction, Lineage Logistics Holding, LLC, Nichirei Logistics Group Inc., Primus Builders, Inc., Stellar and United States Cold Storage, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A M King
  • AmeriCold Logistics LLC
  • Burris Logistics
  • Primus Builders, Inc.
  • Stellar
  • Tippmann Group

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025
  • Top Countries with Highest Rate of COVID-19 Vaccination (per 100 people): April 17, 2021
  • Cold Storage Experiences Scintillating Surge with COVID-19-Induced Online Grocery & Vaccine Storage Demand
  • Rise in Online Grocery Shopping Fuels Demand
  • Vaccine Storage Remains Key Demand Driver
  • Vaccine Distribution Leads to Flurry of Cold Storage Construction Projects
  • COVID-19 Vaccination Stats
  • COVID-19 Vaccine Approval Details: 2020-March 2021
  • Production Capacity by Company for Frontrunners in Millions of Doses for 2021
  • Cold Storage Construction - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Cold Storage: A Major Aspect of Cold Chain Logistics
  • Cold Storage Construction: The Different Types
  • Robust Growth on the Cards for Cold Storage Construction Market
  • Pressing Need Lays Strong Foundation for New Cold Storage Construction Projects
  • Micro-Fulfillment Centers on Rise
  • Cold Storage Construction Projects: Navigating through Unique Challenges
  • High Build-Out Cost & Higher Ceilings
  • Shortage of Skilled Labor
  • Extended Lead Times & Delivery Delays
  • Other Physical Demands
  • Competition
  • Market Share of Leading Players in the US Temperature Controlled Warehousing Market: 2020
  • Market Share of Leading Players in the Global Temperature Controlled Warehousing Market: 2020
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Manufacturers Ramp Up Cold Storage Construction at Sites in Proximity of Manufacturing Locations
  • Efforts on Rise to Build Sophisticated Facilities in Cost-Efficient Manner
  • COVID-19 Triggers Unprecedented Disruptions in the Supply Chain & Accelerates the Urgency to Rethink Supply Chain Management
  • Globalization of Businesses Drives the Need for Efficient Supply Chain Designs
  • Significant Growth in E-Commerce and online Grocery Shopping Induced by the Pandemic: A Key Driver
  • Global e-Commerce Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Same Day Delivery Heightens Demand
  • Share of Grocery Sales Online: 2016-2025
  • Healthy Tide in Processed Food Retail Augments Investments in Cold Storage Infrastructure
  • Key Retail Trends Influencing Wider Deployment of Cold Storage Infrastructure
  • Emphasis on Fresh Supply Chains
  • Emergence of Online Retail Channel
  • Rising Demand for Organic Foods
  • Global Demand for Organic Food in US$ Billion: 2021, 2015, 2020 and 2025
  • Global Organic Agricultural Land in Million Hectares for the Years 2010, 2012, 2014, 2016 and 2018
  • Organic Farmland as % of Total Agricultural Land by Region: 2018
  • Pandemic Drives Consumer Shift Towards Natural & Organic Foods
  • Strong Demand for Frozen Foods Bodes Well for Market Growth
  • Frozen Foods: Key Benefits Driving Consumer Acceptance
  • Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
  • COVID-19 Sets the Stage for Frozen Food Consumption
  • Factors Favoring Frozen Food Demand amid Pandemic
  • Rise in Online Food Orders Accelerate Demand for Cold Storage Units
  • Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
  • Demanding Supply Chain Requirements of Temperature Sensitive Pharmaceuticals Spurs Market Expansion
  • Demanding Supply Chain Requirements of Temperature Sensitive Pharmaceuticals Spurs Market Expansion
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Rapid Growth of Generic Drugs to Drive Demand
  • Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2020 & 2025
  • Vaccines Make Cold Chain Highly Relevant in Pharmaceutical Logistics
  • Roll out of COVID-19 Vaccines Poses a Challenge and Opportunity
  • Prevailing Trends in Healthcare Sector Widen Opportunities
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017, 2019, 2021 & 2023
  • Automation on Rise in Cold Storage Facilities
  • Novel Technologies and Approaches Poised to Revitalize Cold Storage Construction: A Review of Latest Trends in Cold Storage Landscape
  • Sandwich Panels Most used for Thermal Insulation of Cold Storage Chambers
  • Data-Driven Approach for Increasing Energy Efficiency of Cold Storage Units
  • Challenges Faced by the Cold Chain Logistics Industry: Technology Coming to the Rescue
  • HCFC Phase Out Programs Build Momentum for Alternative Refrigerants in Cold Chains
  • HCFC Phase Out Timeline in the US
  • Ammonia Refrigeration Gains Robust Traction in Cold Storage Facilities
  • Offering Eco-Friendly Alternative, CO2 Refrigeration Set to Make Big Gains
  • Led by Growing Population & Nutrition Needs, Global Food Industry to Offer Broad Based Opportunities for Cold Storage Facilities
  • Growing Population Pushes up Demand for Food and Beverage Products: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Global Average Food and Beverage Revenue Per Capita (In US$ Million) for Years 2020, 2022, 2024 & 2026

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

REST OF EUROPE

ASIA-PACIFIC

  • Cold Storage Construction Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 36
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • A M King
  • AmeriCold Logistics LLC
  • Burris Logistics
  • Hansen Cold Storage Construction
  • Lineage Logistics Holding, LLC
  • Nichirei Logistics Group Inc.
  • Primus Builders, Inc.
  • Stellar
  • Tippmann Group
  • United States Cold Storage, Inc.
Note: Product cover images may vary from those shown