South Korea Cold Chain Equipment Market Size & Outlook
South Korea cold chain equipment market, 2017-2030 (US$M)
Related Markets
South Korea cold chain equipment market highlights
- The South Korea cold chain equipment market generated a revenue of USD 1,745.4 million in 2023 and is expected to reach USD 6,218.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 19.9% from 2024 to 2030.
- In terms of segment, transportation was the largest revenue generating type in 2023.
- Storage is the most lucrative type segment registering the fastest growth during the forecast period.
Cold chain equipment market data book summary
| Market revenue in 2023 | USD 1,745.4 million |
| Market revenue in 2030 | USD 6,218.6 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Storage |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Storage, Transportation |
| Key market players worldwide | Trane Technologies PLC Class A, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Viessmann, Kelvion |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global cold chain equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India cold chain equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,455.0 million by 2030.
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Cold Chain Equipment Market Scope
Cold Chain Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea cold chain equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold chain equipment market will help companies and investors design strategic landscapes.
Transportation was the largest segment with a revenue share of 75.44% in 2023. Horizon Databook has segmented the South Korea cold chain equipment market based on storage, transportation covering the revenue growth of each sub-segment from 2017 to 2030.
- South Korea Cold Chain Equipment Type Outlook (Revenue, USD Million, 2017-2030)
- Storage
- Blast freezer
- Walk-in Cooler and Freezer
- Deep Freezer
- Others
- Transportation
- Refrigerated vehicles
- Refrigerated containers
- Storage
- South Korea Cold Chain Equipment Temperature Range Outlook (Revenue, USD Million, 2017-2030)
- Chilled (0 C to 15 C)
- Frozen (-18 C to -25 C)
- Deep-frozen (Below -25 C)
- South Korea Cold Chain Equipment Application Outlook (Revenue, USD Million, 2017-2030)
- Food & Beverages
- Fruits & Vegetables
- Fruit Pulp & Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice cream
- Others
- Fish, Meat, and Seafood
- Processed Food
- Bakery & Confectionary
- Others
- Pharmaceuticals
- Vaccines
- Blood Banking
- Others
- Others
- Food & Beverages
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea cold chain equipment market databook
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Our clientele includes a mix of cold chain equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea cold chain equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cold chain equipment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea cold chain equipment market size, by type, 2017-2030 (US$M)
South Korea Cold Chain Equipment Market Outlook Share, 2023 & 2030 (US$M)
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