North America Cold Storage Market Size & Outlook
North America cold storage market, 2018-2030 (US$M)
Related Markets
North America cold storage market highlights
- The North America cold storage market generated a revenue of USD 57.5 million in 2023.
- The market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, public was the largest revenue generating warehousea type in 2023.
- Public is the most lucrative warehousea 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 57.5 million |
| Market revenue in 2030 | USD 153.3 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Public |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Private & semi private, Public |
| Key market players worldwide | Americold Realty Trust Inc, Adecoagro SA, Burris Logistics, Barloworld Ltd, Lineage Logistics, Oxford Industries Inc, Oceana Group Ltd, Swire Pacific Ltd ADR, United States Cold Storage, JD Logistics Inc, Wabash National Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 36.0% of the global cold storage 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 130.1 million by 2030.
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Cold Storage Market Scope
Cold Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America cold storage 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 storage market will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 77.74% in 2023. Horizon Databook has segmented the North America cold storage market based on private & semi private, public covering the revenue growth of each sub-segment from 2018 to 2030.
The cold storage 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 storages 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 storage infrastructure for the safe and efficient distribution of vaccines and other medical supplies, which has further accelerated the adoption of cold storages in North America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cold storage market , including forecasts for subscribers. This continent databook contains high-level insights into North America cold storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cold storage market size, by country, 2018-2030 (US$M)
North America Cold Storage Market Outlook Share, 2023 & 2030 (US$M)
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