North America Cold Chain Market Size & Outlook, 2023-2030
North America cold chain market, 2017-2030 (US$M)
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North America cold chain market highlights
- The North America cold chain market generated a revenue of USD 92,344.6 million in 2023.
- The market is expected to grow at a CAGR of 17.1% from 2024 to 2030.
- In terms of segment, storage was the largest revenue generating type in 2023.
- Monitoring Components is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 92,344.6 million |
| Market revenue in 2030 | USD 278,196.3 million |
| Growth rate | 17.1% (CAGR from 2023 to 2030) |
| Largest segment | Storage |
| Fastest growing segment | Monitoring Components |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Storage, Transportation, Packaging, Monitoring Components |
| Key market players worldwide | United States Cold Storage, Burris Logistics, Wabash National Corp, Newcold, Sonoco Products Co, United Parcel Service Inc Class B, A. P. Moller Maersk A/S ADR, Nichirei Corp, Tippmann Group / Interstate Warehousing / Tippmann Construction, Americold Realty Trust Inc, Lineage Logistics |
Other key industry trends
- In terms of revenue, North America region accounted for 34.1% of the global cold chain market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 212,423.4 million by 2030.
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Cold Chain Market Scope
Cold Chain Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America cold chain 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 market will help companies and investors design strategic landscapes.
Storage was the largest segment with a revenue share of 50.37% in 2023. Horizon Databook has segmented the North America cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
The cold chain market in North America is experiencing steady growth due to the rising demand for temperature-controlled storage and transportation of perishable products such as food, pharmaceuticals, and vaccines.
Factors such as the growing population, rising disposable income, and changing consumer preferences toward fresh and healthy food products are driving the demand for cold chains in North America. The growth of the pharmaceutical industry and the need for efficient storage and transportation of temperature-sensitive drugs are also contributing to the market's growth.
The COVID-19 pandemic has also highlighted the importance of a robust cold chain infrastructure for the safe and efficient distribution of vaccines and other medical supplies, which has further accelerated the adoption of cold chains in North America. The major players in the cold chain market in this region include Wabash National Corporation, Burris Logistics, Carrier Global Corporation, Daikin Industries Ltd., Thermo King Corporation, and AmeriCold Logistics, LLC.
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Our clientele includes a mix of cold chain market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cold chain market , including forecasts for subscribers. This continent databook contains high-level insights into North America cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America cold chain market size, by country, 2017-2030 (US$M)
North America Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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