The U.S. cold storage market size is expected to reach USD 19.69 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 3.7% CAGR during the forecast period. U.S. is widely regarded as one of the leading markets in developing technologies responsible for effective management of cold storage processes. The market is expected to offer growth opportunities for the pharmaceutical industry. Inventory management of pharmaceutical goods such as vaccines and medicines is an expensive process, which necessitates adequate security measures to be undertaken for protection of product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. The growth of the cold storage market is profoundly influenced by extensive demand for perishable goods worldwide, availability of food and health supplies, and economic and political scenario. For instance, trade conflicts between U.S. and China is expected to negatively impact the growth of the cold storage market in U.S. In March 2018, U.S. imposed a 25.0% tariff on steel and 10.0% on aluminum imported from China. The latter country, in turn, announced a 15-25.0% tariff on products imported from U.S., including pork, fruits, wine, nuts, and vegetables. These high tariffs imposed on food and agriculture produce are expected to negatively affect market growth. Furthermore, outsourcing cold and frozen storage operations offers manufacturers various cost benefits. This can help eliminate costs associated with warehouse space and management, technology, transportation, and labor. Operational costs such as employee salaries, heating and cooling expenses, insurance, and electric power cost can also be reduced by working with supply chain partners. As a result, manufacturers can increase their profit margins and focus on core business activities such as quality product manufacturing, expanding customer base, and satisfaction of customer needs. Further key findings from the report suggest: • Rising demand for healthy food, import and export of refrigerated foods, and increasing private sector participation are expected to propel market growth • Provision of cold storage facilities assists in extending the shelf life of perishable goods such as fresh agricultural produce and frozen foods • Growing automation in warehouse management is anticipated to spur the market over the forecast period • Numerous initiatives undertaken with the objective of reducing wastage of post-harvest and processed foods is also expected to boost the cold storage market • Some of the key industry participants are Americold Logistics, LLC, AGRO Merchants Group North America, Burris Logistics, Cloverleaf Cold Storage, Henningsen Cold Storage Co., Lineage Logistics Holdings, LLC, Nordic Logistics, LLC, Preferred Freezer Services, United States Cold Storage, and Wabash National Corporation.
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 U.S. Cold Storage Market Summary 2.2 U.S. Cold Storage - Industry Snapshot & Key Buying Criteria, 2012 - 2025 2.2.1 U.S. cold storage market, 2012 - 2025 (USD Billion) 2.2.2 U.S. cold storage market, by warehouse type, 2012 - 2025 (USD Billion) 2.2.3 U.S. cold storage market, by construction type, 2012 - 2025 (USD Billion) 2.2.4 U.S. cold storage market, by temperature type, 2012 - 2025 (USD Billion) 2.2.5 U.S. cold storage market, by application, 2012 - 2025 (USD Billion) 2.2.6 U.S. cold storage market, by state (40 states), 2012 - 2025 (USD Million) 220.127.116.11 Maine 18.104.22.168 Massachusetts 22.214.171.124 Vermont 126.96.36.199 New Jersey 188.8.131.52 New York 184.108.40.206 Pennsylvania 220.127.116.11 Delaware 18.104.22.168 Florida 22.214.171.124 Georgia 126.96.36.199 Maryland 188.8.131.52 North Carolina 184.108.40.206 South Carolina 220.127.116.11 Virginia 18.104.22.168 Illinois 22.214.171.124 Indiana 126.96.36.199 Michigan 188.8.131.52 Ohio 184.108.40.206 Wisconsin 220.127.116.11 Alabama 18.104.22.168 Kentucky 22.214.171.124 Mississippi 126.96.36.199 Tennessee 188.8.131.52 Iowa 184.108.40.206 Kansas 220.127.116.11 Minnesota 18.104.22.168 Missouri 22.214.171.124 Nebraska 126.96.36.199 North Dakota 188.8.131.52 South Dakota 184.108.40.206 Arkansas 220.127.116.11 Louisiana 18.104.22.168 Oklahoma 22.214.171.124 Texas 126.96.36.199 Arizona 188.8.131.52 Idaho 184.108.40.206 Mexico 220.127.116.11 Utah 18.104.22.168 California 22.214.171.124 Oregon 126.96.36.199 Washington 188.8.131.52 Others Chapter 3 Industry Outlook 3.1 Market Segmentation &Scope 3.2 U.S. Cold Storage Market Growth Prospects 3.3 Cold Storage Construction Trends 3.3.1 Refrigerants market trends 3.3.2 Cold storage cost 184.108.40.206 Insulation cost per square foot 220.127.116.11 Refrigeration equipment cost per cubic foot 18.104.22.168 Cold storage service rates 3.4 Trade Analysis 3.4.1 Number of ports in the U.S. 3.4.2 Primary ports for refrigerated products 3.5 State-wise Economic Outlook (Top 10 States, Based On Refrigerated Warehouse Capacity) 3.5.1 California 3.5.2 Florida 3.5.3 Texas 3.5.4 Massachusetts 3.5.5 Washington 3.5.6 New York 3.5.7 Pennsylvania 3.5.8 Wisconsin 3.5.9 New Jersey 3.5.10 Oregon 3.6 U.S. Cold Storage Capacity Trends 3.7 U.S. Cold Storage Industry: Sale Lease Back Program 3.7.1 Buy-lease-resell scenario 3.7.2 Key takeaways for real-estate firms 3.7.3 Cold storage trades 3.8 Cold Storage Outsourcing Trends 3.8.1 In-source vs outsource 3.8.2 Use case of outsource strategy 22.214.171.124 Overview of the strategies followed by the pharmaceutical industry for outsourcing cold storage operations: 126.96.36.199 Factors considered before outsourcing the pharma cold storage operations: 188.8.131.52 List of 3PL companies operating in the U.S. cold storage market: 3.9 U.S. Cold Storage Industry: Case Studies 3.9.1 Case study 1: Partner Logistics 3.9.2 Case study 2: MD Logistics 3.9.3 Case study 3: Cold Chain Technologies, Inc. 3.10 Cold Storage-Value Chain Analysis 3.11 Market Dynamics 3.11.1 Market driver analysis 184.108.40.206 Increasing demand for quality food 220.127.116.11 Increasing automation in warehousing 18.104.22.168 Growing popularity of e-commerce as a channel for purchasing fresh food 22.214.171.124 RFID technology for cold chain applications 3.11.2 Market restraint analysis 126.96.36.199 High initial investment 3.11.3 Market opportunity analysis 188.8.131.52 Growing application of telematics in logistics and transportation 184.108.40.206 Low-carbon design, environmental auditing, and crafty construction of cold storage warehouses 3.12 Key Opportunities - Prioritized 3.13 U.S. Cold Storage - Key Company Analysis, 2016 3.14 List of Key Players (Global) with Cold Storage Capacity - 2016 3.15 Regulatory Framework for Chilled and Frozen Food 3.15.1 U.S. 3.16 Industry Analysis - Porter's 3.17 U.S. Cold Storage - PEST Analysis Chapter 4 Competitive Landscape 4.1 Americold Logistics LLC 4.1.1 Company overview 4.1.2 Product benchmarking 4.1.3 Product benchmarking 4.2 Agro Merchant Group LLC 4.2.1 Company overview 4.2.2 Product benchmarking 4.2.3 Recent developments 4.3 Burris Logistics, Inc. 4.3.1 Company overview 4.3.2 Product benchmarking 4.3.3 Recent developments 4.4 Cloverleaf Cold Storage 4.4.1 Company overview 4.4.2 Product benchmarking 4.5 Henningsen Cold Storage Company 4.5.1 Company Overview 4.5.2 Product Benchmarking 4.5.3 Strategic Initiatives 4.6 Lineage Logistics, LLC 4.6.1 Company overview 4.6.2 Product benchmarking 4.6.3 Recent developments 4.7 Nordic Logistics 4.7.1 Company overview 4.7.2 Product benchmarking 4.7.3 Recent developments 4.8 Preferred Freezer 4.8.1 Company overview 4.8.2 Product benchmarking 4.8.3 Recent developments 4.9 United States Cold Storage, Inc. 4.9.1 Company overview 4.9.2 Product benchmarking 4.9.3 Recent developments 4.10 Wabash National 4.10.1 Company overview 4.10.2 Financial performance 4.10.3 Product benchmarking 4.10.4 Recent developments
List of Tables TABLE 1 U.S. Cold storage - Industry snapshot & critical success factor, 2012 - 2025 TABLE 2 U.S. cold storage market, 2012 - 2025 (USD Billion) TABLE 3 U.S. cold storage market, by warehouse type, 2012 - 2025 (USD Billion) TABLE 4 U.S. cold storage market, by construction type, 2012 - 2025 (USD Billion) TABLE 5 U.S. cold storage market, by temperature type, 2012 - 2025 (USD Billion) TABLE 6 U.S. cold storage market, by application, 2012 - 2025 (USD Billion) TABLE 7 U.S. cold storage market, by state, 2012 - 2025 (USD Million) TABLE 8 U.S. Cold Storage - Key company analysis TABLE 9 List of key players with cold storage capacity
List of Figures FIG. 1 Market segmentation &scope FIG. 2 California economic outlook FIG. 3 Florida economic outlook FIG. 4 Texas economic outlook FIG. 5 Massachusetts economic outlook FIG. 6 Washington economic outlook FIG. 7 New York economic outlook FIG. 8 Pennsylvania economic outlook FIG. 9 Wisconsin economic outlook FIG. 10 New Jersey economic outlook FIG. 11 Oregon economic outlook FIG. 12 Cold storage - Value chain analysis FIG. 13 Market dynamics FIG. 14 Key opportunities, 2025 FIG. 15 Porter's five forces analysis FIG. 16 U.S. Cold storage - PEST analysis
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