UK Cold Storage Market Size & Outlook, 2023-2030
UK cold storage market, 2018-2030 (US$M)
Related Markets
UK cold storage market highlights
- The UK cold storage market generated a revenue of USD 4.7 million in 2023 and is expected to reach USD 11.4 million by 2030.
- The UK market is expected to grow at a CAGR of 13.4% 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.
Cold storage market data book summary
| Market revenue in 2023 | USD 4.7 million |
| Market revenue in 2030 | USD 11.4 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Public |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 3.0% of the global cold storage market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany cold storage market is projected to lead the regional market in terms of revenue in 2030.
- Netherlands is the fastest growing regional market in Europe and is projected to reach USD 6.6 million by 2030.
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Cold Storage Market Scope
Cold Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 74.47% in 2023. Horizon Databook has segmented the UK cold storage market based on private & semi private, public covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for cold storage in the country can be attributed to the growing e-commerce industry, the rising number of refrigerated warehouses, and the growing pharmaceutical sector. The increasing demand for perishable foods such as fruits, vegetables, dairy products, and meat is also driving the demand for cold storage in the U.K.
Furthermore, the U.K. government is promoting the development of the cold storage industry by providing subsidies and tax incentives to companies investing in temperature controlled logistics facilities and services.
For instance, in the 2021 Spring Budget, the U.K. government announced a two-year tax incentive program to help cold storage transport companies invest in temperature control equipment and refrigeration units. The companies investing would be eligible to claim 130% of capital allowances on qualifying refrigeration systems, units, and equipment.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK cold storage market , including forecasts for subscribers. This country databook contains high-level insights into UK cold storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK cold storage market size, by warehousea type, 2018-2030 (US$M)
UK Cold Storage Market Outlook Share, 2023 & 2030 (US$M)
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