Cold Storage Construction Market to Reach Valuation of USD 19.7 Billion by 2030 – Growth in the Usage of Temperature- Controlled Storage Drive The Market

In terms of revenue, the Global Cold Storage Construction Market is expected to reach by 2030, growing at a CAGR of 11% from 2023 to 2030.

The growth of the Cold Storage Construction market can be attributed to several factors. First, the need for cold storage facilities has grown due to the expansion of e-commerce and online grocery shopping. Second, the need for cold storage facilities has increased on account of the rising demand for processed and packaged foods. High-grade cold storage facilities have also been built due to the government's strict food safety and quality rules. Additionally, as people's disposable income has increased and their food preferences have changed, there is a greater demand for frozen and chilled food items, increasing the building of cold storage facilities. The need for cold storage facilities to store vaccinations and other medical supplies has increased as a result of the Covid-19 outbreak. All of these elements have helped the market for Cold Storage Construction to expand recently.

Key Highlights from the Report

. Based on Storage Type, Production stores hold a sizable share among the various categories that predominate the storage type segment of the Cold Storage Construction market. These facilities were created with the intention of storing perishable goods during production. Production stores are used, for instance, in the food industry to preserve raw materials or intermediate goods before they are further processed. Production stores are essential in the pharmaceutical industry for keeping temperature-sensitive medications during manufacturing.

. Based on Warehouse Type , public warehouses dominate the market for building cold storage facilities due to their cost-effectiveness and strategic advantages. Third-party logistics (3PL) companies typically own and run these warehouses, enabling them to serve numerous clients at once. This resource sharing lowers overhead expenses for individual businesses, making it a desirable choice. For instance, Lineage Logistics, a top 3PL provider, manages more than 300 public warehouses worldwide and provides specialized cold storage solutions for a range of sectors, including the food and pharmaceutical industries. Public warehouses are a dominant force in the construction of cold storage facilities due to their size and experience.

. Based on Application, due to the growing demand for processed and fresh food goods, the food and beverage sector currently holds a monopoly on the market. To preserve the quality and freshness of food goods during transportation, more distribution centers and warehouses are using refrigeration. The development of e-commerce and online food delivery services has also helped the market for Cold Storage Construction's food and beverage segment grow.

. In terms of region, North America is expected to be the dominating region in Cold Storage Construction market over the projected period. The presence of a highly established supply chain infrastructure, fast industrialization, and the adoption of cutting-edge technology are the causes of this dominance. The Asia Pacific area is experiencing substantial growth, fueled by the rising demand for quality, controlled storage systems to meet the needs of the region's expanding urban population and the growing demand for organic, healthy foods.

 Market Dynamics

The demand for processed food and pharmaceutical items is driving consistent expansion in the global market for Cold Storage Construction, which involves designing and building temperature-controlled warehousing and refrigeration systems. The expansion of the food retail industry, the rise in international trade in perishable commodities, and other factors all contribute to the market's growth. This market is expanding significantly due to rising concerns about food safety and the need to reduce food waste.

With an emphasis on energy-efficient design and the utilization of renewable energy sources, the market is observing a transition toward green and sustainable building practices. Technology improvements are also enabling control of humidity and temperature levels in warehouses to run them more effectively and economically.

However, given that complicated refrigeration systems necessitate substantial engineering and high maintenance costs, cold storage building costs remain a key market growth inhibitor. The adoption of automation and robots in the building process and chances for expansion in developing countries, particularly in the Asia-Pacific area, represent future market potential. Over the next five years, these factors are anticipated to contribute to the cold storage building market's ongoing expansion.

North America dominated the overall Cold Storage Construction market in 2022, North America Cold Storage Construction Market is estimated to be the most dominant region during the projected period. First off, there is a high demand for cold storage facilities to store food and perishable items due to the area's huge and quickly expanding population. Second, there has been a sharp rise in the number of food processing plants and retail chains in the area, necessitating the construction of substantial cold storage facilities to house their merchandise. Government programs and investments in cold chain infrastructure in nations like China and India have further accelerated the expansion of the region's Cold Storage Construction Market. The Asia-Pacific region is anticipated to maintain its dominance in the market for the foreseeable future due to the rising demand for cold storage facilities.

The Global Cold Storage Construction Market is Segmented as follows

• Storage Type
  • Bulk Stores
  • Distribution Stores
  • Production Stores
  • Refrigerated Containers
  • Other Storage Types
• Warehouse Type
  • Private Warehouse
  • Public Warehouse
  • Other Warehouse Types
• Application
  • Food & Beverages
  • Pharmaceuticals
  • Chemicals
  • Other End Users
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

A list of the Key Players of the Global Cold Storage Construction Market is

Versa Cold Logistics Services (Canada), Tippman Group (U.S.), Americold Logistics LLC (U.S.), Burris Logistics (U.S.), Primus Builders Inc. (U.S.), Lineage Logistics (U.S.), United States Cold Storage Inc. (U.S.), Preferred Freezer Services LLC (U.S.), Nichirei Logistics Group Inc. (Japan), AGRO Merchants Group LLC (U.S.), Swire Cold Storage (Australia), NewCold Advanced Cold Logistics (Netherlands), Emergent Cold LatAm Management LLC (U.S.), Hansen Cold Storage Construction (U.S.)

The Global Cold Storage Construction Market Scope can be Tabulated below