Cold storage construction is vital in establishing the foundation for efficient temperature-controlled logistics. These specialized facilities provide the necessary infrastructure for storing perishable goods at controlled temperatures, ensuring their quality and extending shelf life. Incorporating advanced insulation, refrigeration systems, and specialized equipment, cold storage construction creates an environment that preserves the integrity of food, pharmaceuticals, and other temperature-sensitive products. With the growing demand for cold chain logistics, proper construction techniques and design considerations are crucial in creating efficient and reliable storage solutions for the supply chain industry.
According to Data Bridge Market Research, the Global Cold Storage Construction Market accounted at USD 12.01 billion in 2022 and is expected to reach USD 34.73 billion by 2030. The market is expected to grow with a CAGR of 14.20% in the forecast period of 2023 to 2030.
“Expanding food and beverage industry boosts the market’s growth”
The expanding food and beverage industry constrains the growth of the cold storage construction market. The increasing demand for cold storage facilities to preserve perishable food items poses challenges in terms of capacity and infrastructure. While there is a growing need for cold storage construction, the market faces limitations in meeting the rapid pace of industry growth. Additionally, factors such as high construction costs, stringent regulations, and limited availability of suitable locations can impede the market's expansion in fulfilling the requirements of the thriving food and beverage sector.
What restraints the growth of global cold storage construction market?
“High costs restraints the market’s growth”
The growth of the cold storage construction market is restricted by the high initial investment costs involved. Establishing cold storage facilities requires significant capital investment for land acquisition, construction, insulation, refrigeration systems, and specialized equipment. These costs can be prohibitive for small and medium-sized businesses, limiting their ability to enter the market or expand their existing cold storage capacities. The substantial upfront expenses associated with cold storage construction pose a challenge for market growth, particularly for organizations with budget constraints or limited access to financing options.
Segmentation: Global Cold Storage Construction Market
The global Cold storage construction market is segmented on the basis of type and application.
- On the basis of type, the cold storage construction market has been segmented into production stores, bulk stores, ports, and others.
- On the basis of application, the cold storage construction market has been segmented into food and beverages, medical products, chemicals, and others.
Regional Insights: North America is expected to dominate the Global Cold Storage Construction Market
North America is expected to be the cold storage construction market due to the widespread use of connected devices and a sizable consumer market. This combination creates opportunities for various industries to thrive and cater to the demands of the tech-savvy population.
Asia-Pacific is expected to be the fastest growing market from 2023 to 2030, due to the increase in government subsidies aimed at its development. These subsidies provide financial support and incentives for establishing and expanding cold storage and logistics facilities, fostering the growth and efficiency of the cold chain sector.
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Recent Development
- In March 2023, Arcadia Cold Storage and Logistics has entered into an agreement to lease and operate a forthcoming cold storage facility near Phoenix. Scheduled to open in the third quarter of 2023, the facility will cover an area of 293,000 square feet and consist of a convertible freezer and cooler distribution center with a capacity of 40,500 pallet positions.
The Prominent Key Players Operating in the Global Cold Storage Construction Market Include:
- Preferred Freezer Services, Inc. (U.S.)
- LINEAGE LOGISTICS HOLDING, LLC (U.S.)
- Burris Logistics (U.S.)
- NICHIREI CORPORATION. (Japan)
- AmeriCold Logistics, LLC (U.S.)
- Emergent Cold (U.S.)
- Primus Builders (U.S.)
- Hansen Cold Storage Construction (U.S.)
- Tippmann Group (U.S.)
- HENNINGSEN COLD STORAGE CO. (U.S.)
- Stellar (U.S.)
- United States Cold Storage (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global cold storage construction market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cold Storage Construction Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
