Cold Chain Equipment Market By Equipment Type (Storage Equipment, Transportation Equipment), By End-User (Meat & Seafood, Vegetable & Fruits, Bakery & Confectionery, Dairy Products, Medical) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Cold chain equipment is refrigerating equipment used across the cold chain for preserving and transporting frozen foods, pharmaceutical drugs, chemicals, and several other temperature-sensitive products. Some of the popular equipment used in the cold chain includes vaccine carriers, ice packs, cold boxes, cool packs, refrigerators, refrigerator trucks and cars, reefer ships and containers, refrigerated warehouses, and several others. These are designed to store and transport a wide array of products, including frozen food (meat, fish), dairy products, bakery products, medical products, chemicals, and several others.

The overall cold chain equipment market is primarily driven by the rising consumption of frozen food worldwide. Due to changing food habits and increased spending on food, the demand for frozen foods is projected to remain strong in the following years. Additionally, the growing number of restaurant chains and retail units across the world is another major factor supporting market growth. For food safety and security, various organizations, such as the Food and Agriculture Organization, the World Resources Institute, the International Association for Food Protection, the International Food Information Council, and the World Food Programme, have authorized the use of cold chain equipment. This further encourages the adoption of the cold chain in the food supply.

 The report titled "Global Cold Chain Equipment Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global cold chain equipment market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on equipment type and end-user and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.

The report also includes competitive profiling of the leading cold chain equipment vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers.Some of the major players (providing cold chain service and equipment) profiled in the report are AmeriCold Logistics, LLC, Lineage Logistics, LLC, Burris Logistics, Claus Sorensen, Preferred Freezer Services, Inc., Swire Cold Storage, Oxford Logistics Group, JBT FoodTech, ColdEX Logistics Pvt. Ltd., Cloverleaf Cold Storage, and others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the cold chain equipment industry
  • Comparative analysis for different segments for the years 2016 and 2025
  • Market fuelers, market impediments, and their impact on market growth
  • In-depth competitive environment analysis, including the positioning of market players and their business strategy analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global cold chain equipment market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

On the basis of end-user, the global cold chain equipment market is segmented into the following categories:

  • Meat, Fish, and Seafood
  • Vegetables and Fruits
  • Bakery & Confectionery
  • Dairy Products
  • Medical
  • Others (spices, chemicals, etc.)

As of 2016, the overall cold chain equipment market is led by the meat, fish, and seafood segment. The segment accounted for nearly 40% of the total market revenue generated worldwide. Meat and seafood are the most commonly consumed food products requiring refrigerated storage and supply chains. Due to the higher demand for these products as compared to other products, the segment is projected to retain its dominant position in the market throughout the forecast period.

Aside from meat and seafood, dairy products account for a significant portion of the overall cold chain equipment. Similar to meat and seafood, dairy products perish quickly, and they are therefore required to be stored and transported in a refrigerated environment. Being among the important daily consumables, the dairy products segment to is projected to maintain its promising position in the market throughout the following years.

Based on geography, the global cold chain equipment market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

As of 2016, the overall cold chain equipment market worldwide is led collectively by the North American and European regions. Frozen foods, including meat and seafood, bakery products, and dairy products, are highly popular across the regions. Due to the high inclination towards consuming frozen foods in the regions, cold chain equipment has witnessed remarkable penetration over the course of time. In addition, the presence of a significant number of companies is another major factor supporting market growth.

In the following years, Asia Pacific is estimated to emerge as the fastest-growing market for cold chain equipment. The demand for frozen food has witnessed substantial growth over the past few years. Due to a steadily rising population and changing food habits, the demand for refrigerated storage and transportation solutions is estimated to remain strong in the region. As a result, Asia-Pacific would register the highest growth rate in the overall cold chain equipment market.

Frequently Asked Questions:

The market for Cold Chain Equipment is expected to reach US$ 9,604.1 Mn in 2025.

The Cold Chain Equipment market is expected to see significant CAGR growth over the coming years, at 5.8%

The report is forecasted from 2017-2025.

The base year of this report is 2016.

AmeriCold Logistics, LLC,Lineage Logistics, LLC,Burris Logistics, Inc.,Claus Sorensen A/S,Preferred Freezer Services, Inc. are some of the major players in the global market.

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Published Date:  Jul 2017
Category:  Food & Beverage
Report ID:   58552
Report Format:   PDF
Pages:   120
Rating:    4.6 (50)
Delivery Time: 24 Hours to 48 Hours   
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