Global Cold Storage Construction Industry Report 2023-2030: Offering Eco-Friendly Alternative, CO2 Refrigeration Set to Make Big Gains

DUBLIN, Nov. 30, 2023 /PRNewswire/ — The “Cold Storage Construction – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Cold Storage Construction Market to Reach $32.8 Billion by 2030

The global market for Cold Storage Construction estimated at US$11.8 Billion in the year 2022, is projected to reach a revised size of US$32.8 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2022-2030.

The cold storage industry has witnessed significant growth, driven by the COVID-19 pandemic’s impact on online grocery shopping and the need for vaccine storage. The surge in online grocery shopping has increased the demand for cold storage facilities, while vaccine distribution has led to numerous cold storage construction projects. 

Production Stores, one of the segments analyzed in the report, is projected to record 14.4% CAGR and reach US$18.3 Billion by the end of the analysis period. Growth in the Bulk Stores segment is estimated at 13.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 16.4% CAGR

In 2022, the global market for cold storage is competitive, with players having varying levels of market presence, ranging from strong to niche. Cold storage is a crucial component of cold chain logistics, and there are different types of cold storage construction. The market is expected to continue its robust growth, with the United States leading in cold storage construction. However, the industry faces challenges such as high build-out costs, a shortage of skilled labor, extended lead times, and delivery delays.

The Cold Storage Construction market in the U.S. is estimated at US$3.1 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 12.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Manufacturers Ramp Up Cold Storage Construction at Sites in Proximity of Manufacturing LocationsMaterials Shortages Emerge as Burning Issue for Cold Storage ConstructionShortages-Driven ChangesEfforts on Rise to Build Sophisticated Facilities in Cost-Efficient MannerCOVID-19 Triggers Unprecedented Disruptions in the Supply Chain & Accelerates the Urgency to Rethink Supply Chain ManagementGlobalization of Businesses Drives the Need for Efficient Supply Chain DesignsSignificant Growth in E-Commerce and online Grocery Shopping Induced by the Pandemic: A Key DriverSame Day Delivery Heightens DemandHealthy Tide in Processed Food Retail Augments Investments in Cold Storage InfrastructureKey Retail Trends Influencing Wider Deployment of Cold Storage InfrastructureEmphasis on Fresh Supply ChainsEmergence of Online Retail ChannelRising Demand for Organic FoodsPandemic Drives Consumer Shift Towards Natural & Organic FoodsStrong Demand for Frozen Foods Bodes Well for Market GrowthFrozen Foods: Key Benefits Driving Consumer AcceptanceCOVID-19 Sets the Stage for Frozen Food ConsumptionFactors Favoring Frozen Food Demand amid PandemicRise in Online Food Orders Accelerate Demand for Cold Storage UnitsDemanding Supply Chain Requirements of Temperature Sensitive Pharmaceuticals Spurs Market ExpansionRapid Growth of Generic Drugs to Drive DemandVaccines Make Cold Chain Highly Relevant in Pharmaceutical LogisticsInvestment in Pharma Cold Storage Facilities to Increase in the US in the Wake of the PandemicConstruction of the Cold Storage Facility for Storing COVID-19 Vaccines Begins in EgyptPrevailing Trends in Healthcare Sector Widen OpportunitiesTechnology Adoption on the Rise in the Cold Chain SectorAutomation on Rise in Cold Storage FacilitiesVertical Construction a Growing TrendNovel Technologies and Approaches Poised to Revitalize Cold Storage Construction: A Review of Latest Trends in Cold Storage LandscapeSandwich Panels Most used for Thermal Insulation of Cold Storage ChambersData-Driven Approach for Increasing Energy Efficiency of Cold Storage UnitsChallenges Faced by the Cold Chain Logistics Industry: Technology Coming to the RescueHCFC Phase Out Programs Build Momentum for Alternative Refrigerants in Cold ChainsHCFC Phase Out Timeline in the USAmmonia Refrigeration Gains Robust Traction in Cold Storage FacilitiesOffering Eco-Friendly Alternative, CO2 Refrigeration Set to Make Big GainsLed by Growing Population & Nutrition Needs, Global Food Industry to Offer Broad Based Opportunities for Cold Storage Facilities

FOCUS ON SELECT PLAYERS (Total 153 Featured)

AmericoldBally Refrigerated Boxes, Inc.Darwin Chambers CompanyA M KingBurris LogisticsHansen Cold Storage ConstructionAstron Buildings S.A.American Barcode and RFID Incorporated Allied Steel Buildings, Inc.Cold Storage Manufacturing, Inc.E-Pack Polymers Pvt., Ltd.Graycor, Inc.Alston ConstructionDEEM, LLCControlled Environment Systems LLC

For more information about this report visit https://www.researchandmarkets.com/r/y66b74

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