Cold Storage Construction

Cold Storage Construction

Global Cold Storage Construction Market to Reach US$38.0 Billion by 2030

The global market for Cold Storage Construction estimated at US$15.6 Billion in the year 2023, is expected to reach US$38.0 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2023-2030. Food & Beverage Application, one of the segments analyzed in the report, is expected to record a 14.2% CAGR and reach US$27.3 Billion by the end of the analysis period. Growth in the Pharma & Healthcare Application segment is estimated at 13.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.5 Billion While China is Forecast to Grow at 16.2% CAGR

The Cold Storage Construction market in the U.S. is estimated at US$3.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.2% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR.

Global Cold Storage Construction Market - Key Trends & Drivers Summarized

Cold storage construction is a critical component of the supply chain infrastructure, facilitating the preservation and transportation of perishable goods such as food, pharmaceuticals, and chemicals. These specialized facilities maintain low temperatures to extend the shelf life of products, ensure food safety, and maintain the integrity of temperature-sensitive goods. Modern cold storage construction incorporates advanced insulation materials, energy-efficient refrigeration systems, and sophisticated climate control technologies to achieve optimal temperature and humidity levels. The design and construction of these facilities must comply with stringent industry standards and regulations to ensure they meet the specific needs of various industries.

The demand for cold storage construction has been increasing due to several factors. The globalization of the food supply chain has necessitated the expansion of cold storage capacities to handle the growing volume of perishable goods being transported across long distances. Additionally, the rise of e-commerce, particularly in the grocery and pharmaceutical sectors, has spurred the need for last-mile cold storage facilities to support rapid and reliable delivery services. Technological advancements in refrigeration and building materials are also driving the development of more efficient and sustainable cold storage facilities. These innovations help reduce operational costs and minimize the environmental impact of cold storage operations.

The growth in the cold storage construction market is driven by several factors. Firstly, the increasing demand for perishable goods due to changing consumer preferences and population growth is necessitating the expansion of cold storage infrastructure. Secondly, the growth of e-commerce and the need for rapid delivery of fresh and frozen products are boosting the demand for localized cold storage facilities. Thirdly, advancements in construction technology, including improved insulation materials and energy-efficient refrigeration systems, are making cold storage facilities more cost-effective and environmentally friendly. Lastly, regulatory requirements for food safety and pharmaceutical storage are driving the need for compliant and state-of-the-art cold storage solutions. These factors collectively contribute to the robust growth of the cold storage construction market.

Select Competitors (Total 153 Featured) -

• Americold
• Bally Refrigerated Boxes, Inc.
• Darwin Chambers Company
• A M King
• Burris Logistics
• Hansen Cold Storage Construction
• Astron Buildings S.A.
• American Barcode and RFID Incorporated (€œAB&R€)
• Allied Steel Buildings, Inc.
• Cold Storage Manufacturing, Inc.
• E-Pack Polymers Pvt., Ltd.
• Graycor, Inc.
• Alston Construction
• DEEM, LLC
• Controlled Environment Systems LLC

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