North America Cold Storage Market Size, Share, and Trends Analysis Report By Warehouse (Private & Semi Private, Public), By Construction, By Temperature (Chilled, Frozen), By Application, and Segment Forecasts, 2018 - 2025

Published: Apr, 2018 | Pages: 86 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The North America cold storage market size is estimated to reach USD 68.23 billion by 2025, according to the new report by Grand View Research, Inc., expanding at a CAGR of 9.9% during the forecast period. Technological advancements in cold storage warehouses are stimulating the growth of the market. Increasing automation is changing the conventional warehouse operations, enabling companies to maximize their output. Growing penetration of robotics applications, automated material handling equipment, and high-speed conveyor systems help in achieving the order accuracy.

Rising awareness concerning the low ozone depletion potential (ODP) and low global warming potential (GWP) refrigerants to tackle environmental and social facets along with increasing demand for energy-efficient natural refrigerants are the key factors driving the market. Inorganic refrigerants such as ammonia, CO2, and hydrocarbon-based refrigerants are the most popular natural refrigerants that are being increasingly preferred by end users for their energy efficiency, low cost, and low GDP & ODP.

High running costs, capital investment, and scalability of different picking methods are the key factors restraining the market over the projected period. Additionally, advanced automation, software system, and high-tech advancements in tracking systems and warehousing have led to high requirement of skilled labor. Dearth of skilled labor can restrict the market from realizing its utmost potential.

Compared to other revenue-generation streams for real-estate firms, the North America cold storage construction market is smaller in size. From the ownership's perspective, potential developers and real-estate firms may want to consider investing in cold storage facilities owing to their growing population in the region. Furthermore, there will be a bidding war among investors to acquire Class A (high-quality or newly-constructed building located in central business areas and draws the highest rent) traditional warehouse space in the U.S. and Canada. To avoid such situation, real-estate firms can invest in developing a class B (older than class A buildings and draws less rent compared to class A) warehouse as the cold storage facility.

Key companies operating in the market are Lineage Logistics; Americold Logistics LLC; Burris Logistics, Inc.; Cloverleaf Cold Storage Company; and VersaCold Logistics Services. In addition to cold storage services, market players are providing value-added activities such as food processing and harvesting to increase the product life of fresh foods.

Further key findings from the report suggest:

• Service providers have enhanced their efforts to safeguard temperature-controlled products from potential tampering or any malicious actions with food products

• The close proximity of warehouses to transportation hubs such as airports, seaports, and major highway interchanges is likely to enable service providers to improve their efficiency by shipping products on time

• Stringent government regulations are encouraging manufacturers to develop rigorous practices and service providers to make investments for improving their infrastructure in order to obtain safety certifications

• In 2016, the frozen segment held the largest share in terms of revenue in the North America market and is expected to maintain its dominance over the forecast period

• Robust growth of the pharmaceutical industry and increasing stringency of standards pertaining to food safety have enhanced the cold storage capacity of Canada by around 8 percent over the last two years

• Some of the industry participants include Americold Logistics LLC; Burris Logistics, Inc.; Cloverleaf Cold Storage Company; Lineage Logistics; VersaCold Logistics Services; and Henningsen Cold Storage Company.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope & Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 Cold Storage - Industry Snapshot & Key Buying Criteria, 2014 - 2025

Chapter 3 Industry Outlook
                 3.1 Market Segmentation & Scope
                 3.2 Cold Storage Market Size and Growth Prospects
                 3.3 Cold Storage Construction Trends
                        3.3.1 Refrigerants market trends
                        3.3.2 Cold storage cost
                                 3.3.2.1 Insulation cost per square foot
                                 3.3.2.2 Refrigeration equipment cost per cubic foot
                                 3.3.2.3 Cold storage service rates
                 3.4 Cold Storage Industry in Real Estate Perspective
                        3.4.1 Buy - lease - resell scenario
                        3.4.2 Key takeaways for real - estate firms
                        3.4.3 Cold storage trades
                 3.5 Cold Storage - Value Chain Analysis
                 3.6 Market Dynamics
                        3.6.1 Market driver analysis
                                 3.6.1.1 Increasing technological advancements in cold storage warehouses
                                 3.6.1.2 Increasing IT spending in cold storage logistics
                                 3.6.1.3 Low - carbon design, environmental auditing, and crafty construction of cold storage warehouses
                                 3.6.1.4 Growing organized retail demand
                        3.6.2 Market restraint analysis
                                 3.6.2.1 High initial investment and lack of infrastructure in emerging markets
                        3.6.3 Market opportunity analysis
                                 3.6.3.1 Growing application of telematics in logistics and transportation
                                 3.6.3.2 Expansion of food retail chains
                 3.7 Key Opportunities - Prioritized
                 3.8 Cold Storage - Key Company Analysis, 2015
                 3.9 List of Key Players with Cold Storage Capacity - 2016
                 3.10 Regulatory Framework for Chilled and Frozen Food
                        3.10.1 U.S.
                        3.10.2 Canada
                        3.10.3 Mexico
                 3.11 Industry Analysis - Porter's
                 3.12 Cold Storage - PEST Analysis

Chapter 4 Cold Storage: Regional Estimates & Trend Analysis
                 4.1 Cold Storage Market Share by Region, 2016 &2025
                        4.1.1 North America marketplace: Key takeaways
                 4.2 U.S.
                        4.2.1 U.S. cold storage market, 2014 - 2025
                 4.3 Canada
                        4.3.1 Canada cold storage market, 2014 - 2025
                 4.4 Mexico
                        4.4.1 Mexico cold storage market, 2014 - 2025

Chapter 5 Competitive Landscape
                 5.1 Americold Logistics LLC
                        5.1.1 Company overview
                        5.1.2 Product benchmarking
                        5.1.3 Product benchmarking
                 5.2 Agro Merchant Group LLC
                        5.2.1 Company overview
                        5.2.2 Product benchmarking
                        5.2.3 Recent developments
                 5.3 Burris Logistics, Inc.
                        5.3.1 Company overview
                        5.3.2 Product benchmarking
                        5.3.3 Recent developments
                 5.4 Cloverleaf Cold Storage
                        5.4.1 Company overview
                        5.4.2 Product benchmarking
                 5.5 Henningsen Cold Storage Company
                        5.5.1 Company overview
                        5.5.2 Product benchmarking
                        5.5.3 Strategic initiatives
                 5.6 Kloosterboer
                        5.6.1 Company overview
                        5.6.2 Product benchmarking
                        5.6.3 Strategic initiatives
                 5.7 Lineage Logistics, LLC
                        5.7.1 Company overview
                        5.7.2 Product benchmarking
                        5.7.3 Recent developments
                 5.8 Nordic Logistics
                        5.8.1 Company overview
                        5.8.2 Product benchmarking
                        5.8.3 Recent developments
                 5.9 Preferred Freezer
                        5.9.1 Company overview
                        5.9.2 Product benchmarking
                        5.9.3 Recent developments
                 5.10 Swire Group
                        5.10.1 Company overview
                        5.10.2 Financial performance of Swire Asia Pacific
                        5.10.3 Product benchmarking
                        5.10.4 Recent developments
                 5.11 VersaCold Logistics Services
                        5.11.1 Company overview
                        5.11.2 Product benchmarking
                        5.11.3 Recent developments
                 5.12 United States Cold Storage, Inc.
                        5.12.1 Company overview
                        5.12.2 Product benchmarking
                        5.12.3 Recent developments
                 5.13 Wabash National
                        5.13.1 Company overview
                        5.13.2 Financial performance
                        5.13.3 Product benchmarking
                        5.13.4 Recent developments

List of Tables

TABLE 1 Cold storage - Industry snapshot & critical success factor, 2014 - 2025
TABLE 2 North America cold storage market, 2014 - 2025 (USD Million)
TABLE 3 North America cold storage market by warehouse, 2014 - 2025 (USD Million)
TABLE 4 North America cold storage market by construction, 2014 - 2025 (USD Million)
TABLE 5 North America cold storage market by temperature, 2014 - 2025 (USD Million)
TABLE 6 North America cold storage market by application, 2014 - 2025 (USD Million)
TABLE 7 North America cold storage market by country, 2014 - 2025 (USD Million)
TABLE 8 GRDI
TABLE 9 Key company analysis
TABLE 10 Key company analysis
TABLE 11 U.S. cold storage market, 2014 - 2025 (USD Million)
TABLE 12 U.S. cold storage market by warehouse, 2014 - 2025 (USD Million)
TABLE 13 U.S. cold storage market by construction, 2014 - 2025 (USD Million)
TABLE 14 U.S. cold storage market by temperature, 2014 - 2025 (USD Million)
TABLE 15 U.S. cold storage market by application, 2014 - 2025 (USD Million)
TABLE 16 Canada cold storage market, 2014 - 2025 (USD Million)
TABLE 17 Canada cold storage market by warehouse, 2014 - 2025 (USD Million)
TABLE 18 Canada cold storage market by construction, 2014 - 2025 (USD Million)
TABLE 19 Canada cold storage market by temperature, 2014 - 2025 (USD Million)
TABLE 20 Canada cold storage market by application, 2014 - 2025 (USD Million)
TABLE 21 Mexico cold storage market, 2014 - 2025 (USD Million)
TABLE 22 Mexico cold storage market by warehouse, 2014 - 2025 (USD Million)
TABLE 23 Mexico cold storage market by construction, 2014 - 2025 (USD Million)
TABLE 24 Mexico cold storage market by temperature, 2014 - 2025 (USD Million)
TABLE 25 Mexico cold storage market by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 Cold storage market size and growth prospects (Revenue in USD Million) 2014 - 2025
FIG. 3 Cold storage - Value chain analysis
FIG. 4 Market dynamics
FIG. 5 Key opportunities, 2025
FIG. 6 Porter's five forces analysis
FIG. 7 Cold storage - PEST analysis
FIG. 8 North America marketplace: Key takeaways