Cold Storage Construction Market to Reach $26.2 Billion, Globally, by 2031 at 10.6% CAGR: Allied Market Research

Rise in the accessibility of cold storage construction installation, the increase in global traffic for perishable goods, the rise in demand for online grocery,  and the rise in food takeaways from restaurants drive the growth of the global cold storage construction market. 

PORTLAND, Ore., Jan. 18, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Cold Storage Construction Market by Storage type (Production Stores, Bulk Stores, Ports, Others), by Warehouse Type (Private and semi private warehouse, Public warehouses), by End User (Food and Beverages, Pharmaceuticals, Chemicals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global cold storage construction industry generated $9.1 billion in 2021, and is anticipated to generate $26.2 billion by 2031, witnessing a CAGR of 10.6% from 2022 to 2031.

Download Free Sample Report (300 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/13855

Prime determinants of growth

Rise in the accessibility of cold storage construction installation, the increase in global traffic for perishable goods, the focus of various governments on improving healthcare infrastructure and insurance coverage, the rise in demand for online grocery, the wider blending of retail & industrial space, and the rise in food takeaways from restaurants drive the growth of the global cold storage construction market.  Moreover, major players have adopted various strategies such as expansion and acquisition to sustain the competition and improve the product portfolio, which presents new opportunities in the coming years.

Covid-19 Scenario

• The outbreak of the Covid-19 pandemic had a negative impact on the global cold storage construction market, owing to temporary closure of the construction of cold storage spaces during the lockdown.
• However, the slowdown of the pandemic in 2021 restarted the construction of cold storage spaces, and the market recovered by the end of 2021.

The production stores segment to maintain its leadership status throughout the forecast period

Based on storage type, the production stores segment held the highest market share in 2021, accounting for nearly half of the global cold storage construction market, and is estimated to maintain its leadership status throughout the forecast period. This is owing to tangible items protection throughout the production process including raw material, semi-finished products. However, the others segment is projected to manifest the highest CAGR of 10.8% from 2022 to 2031, due to rise in demand for frozen food stores and controlled atmosphere (CA) cold stores.

Buy This Research Report @ https://bit.ly/3XBaCXl

The public warehouse segment to maintain its leadership status throughout the forecast period

Based on warehouse type, the public warehouse segment held the highest market share in 2021, accounting for more than three-fourths of the global cold storage construction market, and is estimated to maintain its leadership status throughout the forecast period, owing to rise in disposable income of masses, and introduction of favorable government policies related to the e-commerce industry. However, the private and semi-private warehouses segment is projected to manifest the highest CAGR of 10.9% from 2022 to 2031, due to rise in demand for cold storage construction to keep the food, medicine and chemicals at right temperature.

The food & beverage segment to maintain its lead position during the forecast period

Based on end user, the food & beverage segment accounted for the largest share in 2021, contributing to more than two-fifths of the global cold storage construction market, and is projected to maintain its lead position during the forecast period. This segment is expected to portray the largest CAGR of 11.0% from 2022 to 2031, owing to numerous factors such as, increase in disposable income of people, availability of a large number of food & beverage options, rise in retail shops, and rise  in the e-commerce industry.

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global cold storage construction market, and is likely to dominate the market during the forecast period. This region is expected to witness the fastest CAGR of 11.2% from 2022 to 2031, owing to its strong economic growth, rapid urbanization, and presence of large population base.

Purchase Inquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/13855

Leading Market Players: -

• VersaCold Logistics Services,
• Tippmann Group,
• Americold Realty Trust,
• Burris Logistics,
• Primus Builders, Inc.,
• Emergent Cold LatAm Management LLC,
• NewCold,
• Lineage Logistics Holdings, LLC,
• United States Cold Storage, Inc.,
• Hansen Cold Storage Construction

The report provides a detailed analysis of these key players of the global cold storage construction market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

Trending Reports in Foldable Houses Industry (Book Now with 10% Discount):

Global warehouse automation market growing at a CAGR of 15.3% from 2022 to 2031.

Smart cooling system market with a CAGR of 52.4 % from 2016 to 2022.

Global industrial cooling systems market is projected to reach $27,210.2 million by 2030

Warehouse Racking Market - Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Food Industry Vacuum Cooling Equipment Market: Global opportunity analysis and industry forecast, 2021-2031

Cooling Towers Market - Global Opportunity Analysis and Industry Forecast, 2021-2031

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing
Follow Us on Blog: https://www.marketinshort.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg