Global Cold Chain Equipment Market Size, Share, Trends, and Forecast

The global cold chain equipment market size was valued at USD 26.30 billion in 2022 and is projected to grow from USD 30.36 billion in 2023 to USD 83.34 billion by 2030, exhibiting a CAGR of 15.5% during the forecast period. North America dominated the cold chain equipment market with a share of 32.92% in 2022.

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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

Top Companies of cold chain equipment market:

• 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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Cold Chain Equipment Market Drivers and restrains:

• 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.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the cold chain equipment market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the cold chain equipment market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• 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…!

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.

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FAQ’s:

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