- Growth in e-commerce, particularly in online grocery delivery services, is driving the need for more cold storage facilities globally. The increasing demand for fresh produce, pharmaceuticals, and frozen foods is further contributing to the expansion of cold storage networks
- Furthermore, technologies such as IoT and AI in cold storage systems enable predictive maintenance, reducing downtime and costs
- North America dominated the cold storage construction market with the largest revenue share of 36.25% in 2024, driven by the strong presence of established cold chain logistics, increasing demand for pharmaceutical storage, and expansion of automated warehouse infrastructure across the U.S. and Canada
- Asia-Pacific is projected to grow at the fastest CAGR of 14.7% from 2025 to 2032, fueled by rapid urbanization, expanding food retail networks, and strong government support for cold chain infrastructure development in countries such as India, China, and Southeast Asia
- The bulk stores segment dominated the cold storage construction market with the largest market revenue share of 39.7% in 2024, owing to the growing demand for large-scale storage facilities in the food processing and logistics industries
