Refrigerated Warehousing: Key market research findings
- Increased provision of end-to-end integrated services
- Growing dominance of the Americas geographically
- Key players include AmeriCold Logistics, Lineage Logistics, Preferred Freezer Services, and John Swire & Sons
Technavio’s market research analysts estimate the global refrigerated warehousing market to grow at a CAGR of around 14% between 2016 and 2020. Refrigerated warehousing facilities include chilled storage, frozen storage, modified atmosphere storage, and blast freezing services for storage of refrigerated and perishable goods. Being an important constituent of the food supply chain, the green cold chain concept is one of the latest developments in this market. Energy-saving and green movement warehousing and storage facilities will be an important element in the future for investment and better performance purposes. The Americas is the largest revenue-contributing region in the market and occupied around 51% of the total market revenue in 2015. Much of the region’s growth can be attributed to the high disposable income of the people in the Americas, especially in the US, and the surging demand for fruits and vegetables.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Refrigerated warehousing service providers are offering various value-added services to its clients to give them a one stop solution. They are providing cold chain management services to customers and are participating in their decision-making processes. Many service providers are also delivering end-to-end cold chain management services like inventory management, order scheduling, order forecasting, warehousing, and delivery management to clients. The increase in the provision of end-to-end integrated services by vendors will positively impact the global refrigerated warehousing market during the forecast period,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The meat, fish, and seafood segment dominated the market during 2015, and accounted for more than 13% of the total market share. The primary growth factor for this segment is the high demand for meat exports from countries in the Middle East, such as Saudi Arabia, Turkey, and Qatar. Moreover, Asian countries like China, Japan, and India have also witnessed an increase in the trade quantum for export and import of frozen meat and seafood. Since meat, fish, and seafood are easily perishable when exposed to external temperature conditions, the need for refrigerated warehouses will increase significantly over the next few years.
AmeriCold Logistics, Lineage Logistics, Preferred Freezer Services, and John Swire & Sons are the major players in the global refrigerated warehousing market. The market is characterized by the presence of several local vendors providing cold storage and supporting transportation services in specific regions. However, the increasing demand for cold chain logistics and the rapid growth of the frozen food and online retail market is anticipated to attract new vendors to the market.
A more detailed analysis is available in the Technavio report, Global Refrigerated Warehousing Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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