Refrigerated Warehousing Market Scope
A refrigerated warehouse is considered to be one such service which enables optimum administration of cold chain in storing and transporting products. These warehouses provide an extensive range of temperature for preserving a range of products such as meat, fish and poultry, confectionary, and dairy products, among others. Frozen food products such as frozen dinners, ice creams, and frozen fruits and vegetables require refrigerated warehousing for storage. However, Consumers are considering frozen food as an alternative to fresh and home cooked food and canned food. Further, an increasing number of hypermarkets and supermarkets in developing nations and increasing number of Food and Beverage companies are producing a variegated range of perishable food items and frozen food, are a few factors driving the market growth.
According to AMA, the Global Refrigerated Warehousing market is expected to see growth rate of 15.15%
The Global Refrigerated Warehousing market is fragmented with several top-notch market players. The players have started adopting energy efficient practices such as CO2 Cascade Systems wherein, two refrigerants are used to cool one another in a single refrigeration system. Moreover, increased competition among industry participants coupled with rising cold storage demand has forced vendors to expand their facilities resulting in high barriers to entry thus deterring new entrants in the refrigerated warehousing market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Refrigerated Warehousing market throughout the predicted period.
Americold Logistics (United States), Lineage Logistics (United States), Preferred Freezer Services (United States), John Swire (United Kingdom), AGRO Merchants (United States), Nichirei Logistics (Japan), Kloosterboer Services (United States), Interstate Cold Storage (United States) and Cloverleaf Cold Storage (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Burris Logistics (United States), Frialsa Frigoríficos (Mexico), Henningsen Cold Storage (United States) and Viking Cold Solutions (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Refrigerated Warehousing market by Type (Compressors, Condensers, Evaporators, Controls and Vessels), by Application (Fruits & Vegetables, Bakery & Confectionery Products, Milk & Dairy Products, Meat, Seafood, Beverages and Others) and Region with country level break-up.
On the basis of geography, the market of Refrigerated Warehousing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In April 2019, Americold Realty Trust, the world’s largest publicly traded REIT focused, operation and development of temperature-controlled warehouses, announced that the Company has entered into a definitive agreement to acquire privately-held Chiller Holdco, LLC from Cloverleaf management and an investor group led by private equity funds for a purchase price of USD 1.24 billion. and This acquisition enhances the Company’s position as the leading global owner and operator of temperature-controlled infrastructure while expanding relationships with existing high-quality customers.
In August 2018, Viking Cold Solutions, the leading Thermal Energy Storage (TES) provider for the low-temperature cold storage industry, introduced its measurement and verification (M&V) study on Viking Cold’s TES technology at Dreisbach Enterprises’ 93,000 square foot frozen food distribution center in Richmond, CA shows significant operational and financial benefits for utilities and the cold storage industry.
Market Trend
- Rapid Urbanization and Automation in Refrigerators
Market Drivers
- Growing Consumer Demands for Perishable Foods
- Demand for Food Safety & Consistency
- Rising Number of Food & Beverage Companies
Opportunities
- Growing Popularity of Organised Retail Stores
- Rising Adoption of Fuel Cell-Based Forklifts in Refrigerated Warehouses
Restraints
- High Energy Consumption & Cost of Infrastructure
Challenges
- Lack of Infrastructure Support from the Emerging Countries
- Handling Frozen and Refrigerated Food and Pharmaceutical Products by Manufacturers
Key Target Audience
Refrigerated Warehousing Service Providers, Industry Associations, Potential Investors, Warehousing Agents, Supply Chain Solution Providers, Refrigeration Solution Providers and Others