Cold Chain Equipment Market Trends and Size Analysis

The “Cold Chain Equipment Market Research Report Overview by 2024” market size is reached USD 26.30 billion by 2022 and it is projected to reach USD 83.34 billion by 2030 between the forecast period and expected Compound annual growth rate of 15.5% between the forcast period by (2022-2030).

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Cold Chain Equipment Market Share, Size & Industry Analysis, By Type (Refrigerated Storage and Transportation), By Industry Vertical (Pharmaceuticals, Food and Beverage, Chemicals, Others), and Regional Forecast Between, 2023 – 2030

Major Keyplayers of cold chain equipment market:

Some of the key players operating in the global cold chain equipment Industry are:

• Americold Logistics, Inc. (U.S.)
• BITZER SE (Germany)
• CAREL (Italy)
• ebm-papst (Germany)
• Carrier Transicold (U.S.)
• Intertecnica (Italy)
• Schmitz Cargobull (Germany)
• Viessmann (Germany)
• Thermo King (U.S.)
• Zanotti SpA (Italy)

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Key industry developments of cold chain equipment market:

• • A.P. Moller Maersk announced the inauguration of a new facility in Norway, meticulously designed to meet the specific requirements of the expansive Norwegian fish industry. This state-of-the-art facility ensures seamless supply chain connectivity, particularly benefiting customers involved in transporting frozen and chilled goods.
  • BITZER, the refrigeration and air conditioning specialist, unveiled sustainable solutions tailored for bus and rail challenges at the Berlin InnoTrans trade fair. BITZER showcased the SPEEDLITE ELV52 scroll compressor, a specially developed solution for electric buses and rail vehicles.
  • Schmitz Cargobull, Europe’s leading semi-trailer manufacturer, introduced its first product from the U.K. plant – the S. KO PACE SMART. This fully modular dry-freight semi-trailer is designed for U.K. and Irish operators, incorporating market-specific features.
  • In a strategic move toward network expansion, Stockhabo acquired Frigologix, a cold storage provider. This acquisition welcomed three new sites in Belgium (Herk de-Stad, Lommel, and Val-de-Meuse), expanding Stockhabo’s capacity to 235,000 pallet slots and enhancing potential revenue flow.

Drivers and restraints of cold chain equipment market:

• • • Driver: Rising Demand for Perishable GoodsIncreased consumer demand for fresh and perishable goods, including food and pharmaceuticals, drives the need for cold chain equipment to ensure proper storage and transportation at controlled temperatures.
    • Driver: Growth in Global Food and Pharmaceutical IndustriesThe expansion of the global food and pharmaceutical industries increases the need for reliable cold chain solutions to maintain product quality and compliance with regulatory standards during distribution and storage.
    • Driver: Technological AdvancementsAdvancements in cold chain technology, such as improved refrigeration systems, temperature monitoring, and automation, enhance the efficiency and reliability of cold chain equipment, driving market growth.
    • Restraint: High Initial CostsThe substantial upfront investment required for purchasing and installing advanced cold chain equipment can be a barrier for smaller companies and businesses with limited budgets.
    • Restraint: Maintenance and Operational ChallengesCold chain equipment requires regular maintenance and can involve complex operational requirements, including ensuring consistent temperature control and addressing equipment failures, which can impact overall efficiency and costs.

Regional Insights:

• • • North America (By Type, Industry Vertical, and Country)
      • U.S. (By Industry Vertical)
      • Canada (By Industry Vertical)
      • Mexico (By Industry Vertical)
    • South America (By Type, Industry Vertical, and Country)
      • Brazil (By Industry Vertical)
      • Argentina (By Industry Vertical)
      • Rest of South America
    • Europe (By Type, Industry Vertical, and Country)
      • U.K. (By Industry Vertical)
      • Germany (By Industry Vertical)
      • France (By Industry Vertical)
      • Spain (By Industry Vertical)
      • Rest of Europe
    • Asia Pacific (By Type, Industry Vertical, and Country)
      • China (By Industry Vertical)
      • India (By Industry Vertical)
      • Japan (By Industry Vertical)
      • Rest of Asia Pacific
    • Middle East & Africa (By Type, Industry Vertical, and Country)
      • South Africa (By Industry Vertical)
      • GCC (By Industry Vertical)
      • Rest of the Middle East & Africa

Table of Contents:

• • • Introduction
      • Research Scope
      • Market Segmentation
      • Research Methodology
      • Definitions and Assumptions
    • Executive Summary
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
    • Key Insights
      • Key Industry Developments – Merger, Acquisitions, and Partnerships
      • Porter’s Five Forces Analysis
      • SWOT Analysis
      • Technological Developments
      • Value Chain Analysis

TOC Continued…!

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FAQ’s:

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