Cold chain equipment are 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 cold chain include vaccine carriers, ice packs, cold boxes, cool packs, refrigerators, refrigerator trucks & cars, reefer ships & 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, growing number of restaurant chains and retail units across the world is another major factor supporting the market growth. Cold chain equipment are authorized by various organizations such as Food and Agriculture Organization, World Resources Institute, International Association for Food Protection, International Food Information Council and World Food Programme for food safety and security. This further encourages the adoption of cold chain in food supply.

The report titled “Global Cold Chain Equipment Market – Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global cold chain equipment market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on equipment type, end-user and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading cold chain equipment vendors, their business strategy analysis, market positioning and key developments. 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 has been discussed. The section also provides a view of key business strategies adopted by the leading market players. 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 2021 & 2030
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2020 – 2021)
• 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 2023 to 2030, keeping in mind the above-mentioned factors.

As of 2021, 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 & seafood are the most commonly consumed food products requiring refrigerated storage and supply chain. Due to 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.

Apart from meat & seafood, dairy products too forms a major segment in the overall cold chain equipment. Similar to meat & seafood, dairy products perish quickly and hence are required to stored and transported in refrigerated environment. Being among the important daily consumables, dairy products segment too is projected to maintain its promising position in the market throughout the following years.

As of 2021, the overall cold chain equipment market worldwide is led collectively by North America and Europe regions. Frozen foods including meat & seafood, bakery products and dairy products are highly popular across the regions. Due to high inclination towards consuming frozen foods in the regions, cold chain equipment have witnessed remarkable penetration over the period of time. In addition, presence of 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 demand since the past few years. Due to growing steadily rising population along with 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.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cold Chain Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Cold Chain Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Cold Chain Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Cold Chain Equipment market?
• Which is the largest regional market for Cold Chain Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Cold Chain Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Cold Chain Equipment market worldwide?