In terms of revenue, the United States cold storage market was valued at $29.46 billion in 2021 and is estimated to reach $59.85 billion by 2030, growing at a CAGR of 7.81% during the forecast period 2022 to 2030.

UNITED STATES COLD STORAGE MARKET FORECAST 2022-2030

United States Cold Storage Market by Ownership Type (Public, Private & Semi-private) Market by Temperature (Frozen, Chilled) Market by Warehouse Type (Bulk Storage, Production Stores, Ports) Market by Component (Fruits & Vegetables, Bakery & Confectionary, Dairy & Frozen Desserts, Meat, Fish & Seafood, Drugs & Pharmaceuticals, Other Components)

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In terms of revenue, the United States cold storage market was valued at $29.46 billion in 2021 and is estimated to reach $59.85 billion by 2030, growing at a CAGR of 7.81% during the forecast period 2022 to 2030.

The United States cold storage market has greatly profited from the government’s stringent rules on the trade and production of products required to be stored at a specific temperature level. Moreover, due to the developing organized retail markets in emerging economies, the cold storage warehouse business is projected to expand at a rapid pace over the next decade.

On the other hand, the rise in cold storage warehouse automation is expected to further fuel the market demand during the outlook period. The key applications of warehouse automation include robotics, cloud computing, conveyor belts, transportation automation, and power management.

United States Cold Storage Market

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Key growth enablers of the United States cold storage market:

  • Growth in the processed food sector
  • Increasing demand for cold storage facilities in the pharmaceutical industry
  • Technological innovations used in mobile storage facilities
    • Traditional warehouse operations are evolving as a result of growing automation, thus enabling businesses to maximize throughput.
    • Aligning with this, order accuracy is made possible by the increasing use of robotics applications, automated material handling machinery, as well as high-speed conveyor systems.
    • Moreover, on comparing automated warehousing systems to conventional forklift operations, the storage capacity is increased by 400%. Automation also makes it possible to utilize extra space for other tasks, such as manufacturing and value-added services.
  • Expanding availability of cold storage warehouses

Key growth restraining factors:

  • Obsolete cold storage warehouse facilities
  • High operational costs
  • Maintenance of required temperature during supply chain
    • The food sector necessitates the attention of manufacturers, retailers, and consumers in order to uphold food quality and safety by preventing early expiration, decay, and spoilage.
    • Service providers are also majorly investing in cutting-edge cold storage facilities for the maintenance of food quality.
    • However, owing to the high energy prices in the United States, cold chain providers are becoming increasingly concerned about excessive energy expenses.

United States Cold Storage Market | Top Trends

  • Numerous service providers are updating older structures with newer machinery and technology due to the rising construction and labor costs, as well as the infrastructure and technology needed to establish new cold storage facilities.
  • One of the forces propelling automation in the warehousing sector is the Internet of Things (IoT). For instance, warehouses can utilize IoT to connect robots, drones, pallets, and other essential equipment, in addition to accessing real-time data to manage inventory and oversee employees.
  • As the economy improves, the demand for cold storage has also increased since people consume a wider range of food items from supermarkets and other retail outlets. Additionally, the United States pharmaceutical businesses depend on cold storage facilities in order to store their products before exporting, given the rising demand for pharmaceutical products in nations like China, Brazil, and India.

Market Segmentation – Ownership Type, Temperature, Warehouse Type, and Component –

Market by Ownership Type:

  • Public
    • The public segment, under the ownership type category, captured the highest revenue share in 2021.
    • Public warehouses offer duty-paid services and can be owned by individuals or organizations.
    • Moreover, it is managed as a stand-alone business offering various services, such as storage, handling, and transportation, for a set or variable cost.
    • According to the USDA National Agricultural Statistic Service, out of a total of 904 cold storage warehouses, the United States has 517 public cold storage warehouses.
  • Private & Semi-Private

Market by Temperature:

  • Frozen
    • Frozen is set to be the dominating temperature during the forecasted years.
    • Fruits, meat, dry fruits, vegetables, fish, eggs, dairy products, and other commodities are among the main items in the freezing temperature segment.
    • Additionally, consumers opt for frozen food more frequently due to its support for microwave heating and simplicity in terms of packing methods.
    • The use of frozen meals has increased dramatically as a result of these trends, thereby fueling market expansion.
  • Chilled

Market by Warehouse Type:

  • Bulk Storage
  • Production Stores
  • Ports

Market by Component:

  • Bakery & Confectionary
  • Fruits & Vegetables
  • Drugs & Pharmaceuticals
  • Dairy & Frozen Desserts
  • Meat, Fish & Seafood
  • Other Components

Geographical Study:

  • The top 50 metropolitan statistical areas in the United States based on the highest population and GDP have been studied.

Major players in the United States cold storage market:

  • Nordic Logistics & Warehousing LLC
  • Preferred Freezer Services
  • Wabash National Corporation
  • VersaCold Logistics Services
  • Cold Box Express Inc

Key strategies adopted by some of these companies:

In July 2022, Wabash National Corporation revealed its first rebranded trailer with its new Wabash logo. Subsequently, by the end of the year 2022, its entire line of tank trailers, van trailers, platform trailers, process systems, truck bodies, as well as parts & services are also scheduled to be rebranded with the new logo.

In November 2021, Wabash National Corporation launched its latest home-delivery refrigerated truck body with its patented molded structural composite technology. Moreover, it is set to increase cargo capacity as well as delivery productivity on sub-10,000 GVWR chassis.

Report Synopsis:

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Billion)
Segments AnalyzedOwnership Type, Temperature, Warehouse Type, and Component
Geographies AnalyzedThe United States (Top 50 Metropolitan Statistical Areas)
Companies Analyzed

Nordic Logistics & Warehousing LLC, Preferred Freezer Services, Wabash National Corporation, VersaCold Logistics Services, Cold Box Express Inc, Lineage Logistics, Americold Logistics, Burris Logistics, Interstate Logistics Inc, RLS Logistics

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
      • KEY GROWTH ENABLER
        • GROWTH IN PROCESSED FOOD SECTOR
        • INCREASING DEMAND FOR COLD STORAGE FACILITIES IN THE PHARMACEUTICAL INDUSTRY
        • EXPANDING AVAILABILITY OF COLD STORAGE WAREHOUSES
        • TECHNOLOGICAL INNOVATIONS USED IN MOBILE STORAGE FACILITIES
      • KEY CHALLENGES
        • OBSOLETE COLD STORAGE WAREHOUSE FACILITIES
        • HIGH OPERATIONAL COSTS
        • MAINTENANCE OF REQUIRED TEMPERATURE DURING SUPPLY CHAIN
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON UNITED STATES COLD STORAGE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • REGULATORY FRAMEWORK
    2. PEST ANALYSIS – UNITED STATES COLD STORAGE MARKET
    3. UNITED STATES COLD STORAGE MARKET OUTLOOK
      • UNITED STATES DEMOGRAPHIC OUTLOOK
        • DEMOGRAPHIC INSIGHTS OF THE TOP 50 METROPOLITAN STATISTICAL AREAS (MSA’S) IN THE UNITED STATES, 2021
        • GROWTH IN THE POPULATION OF THE UNITED STATES, 2017-2030
        • GDP GROWTH IN THE UNITED STATES, 2017-2030
        • GROWTH IN THE POPULATION OF THE TOP 50 METROPOLITAN STATISTICAL AREAS (MSA’S) IN THE UNITED STATES, 2017-2030
        • GDP GROWTH OF THE TOP 50 METROPOLITAN STATISTICAL AREAS (MSA’S) IN THE UNITED STATES, 2017-2030
        • EMPLOYMENT RATE OF THE TOP 50 METROPOLITAN STATISTICAL AREAS (MSA’S) IN THE UNITED STATES, 2021
        • INCOME RANGE OF LABORERS OF THE TOP 50 METROPOLITAN STATISTICAL AREAS (MSA’S) IN THE UNITED STATES, 2021
      • LABOR INSIGHTS IN COLD STORAGE WAREHOUSES, 2021
        • TRAINING AND EFFICIENCY OF LABORERS IN COLD STORAGE WAREHOUSES
        • LABOR WAGES IN COLD STORAGE WAREHOUSES, 2021
      • COLD STORAGE LEASE VALUE OUTLOOK
        • COLD STORAGE WAREHOUSE DETERMINANTS
        • COLD STORAGE WAREHOUSES IN THE UNITED STATES RENTAL ANALYSIS, 2021
        • TERMS AND CONDITIONS OF LEASE FOR COLD STORAGE WAREHOUSES
      • UNITED STATES TRADE ANALYSIS, 2021
      • PRICING ANALYSIS
      • COLD STORAGE OUTLOOK – BY TRANSPORTATION ANALYSIS
        • MARKET SHARE OF COLD CHAIN BY TRANSPORTATION IN THE UNITED STATES IN 2021 – BY ROAD, RAILWAY, WATERWAY, AND AIRWAY (IN %)
    1. MARKET BY OWNERSHIP TYPE
      • PUBLIC
      • PRIVATE & SEMI-PRIVATE
    2. MARKET BY TEMPERATURE
      • FROZEN
      • CHILLED
    3. MARKET BY WAREHOUSE TYPE
      • BULK STORAGE
      • PRODUCTION STORES
      • PORTS
    4. MARKET BY COMPONENT
      • FRUITS & VEGETABLES
      • BAKERY & CONFECTIONARY
      • DAIRY & FROZEN DESSERTS
      • MEAT, FISH & SEAFOOD
      • DRUGS & PHARMACEUTICALS
      • OTHER COMPONENTS
    5. COUNTRY ANALYSIS
      • UNITED STATES
        • UNITED STATES COLD STORAGE MARKET – STATE-WISE OUTLOOK, 2017-2030 (IN $ BILLION)
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
      • COMPANY MARKET SHARE ANALYSIS, 2021
      • COMPANY PROFILES
        • AMERICOLD LOGISTICS
        • BURRIS LOGISTICS
        • COLD BOX EXPRESS INC
        • INTERSTATE LOGISTICS INC
        • LINEAGE LOGISTICS
        • NORDIC LOGISTICS AND WAREHOUSING LLC
        • PREFERRED FREEZER SERVICES LLC
        • RLS LOGISTICS
        • VERSACOLD LOGISTICS SERVICES
        • WABASH NATIONAL CORPORATION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – UNITED STATES COLD STORAGE

    TABLE 2: GUIDELINES/STANDARDS FOR REFRIGERATED WAREHOUSE STORAGE

    TABLE 3: ALTERNATIVE REFRIGERANTS FOR COMMERCIAL REFRIGERATION APPLICATIONS AND CURRENT UNITED STATES APPROVAL STATUS

    TABLE 4: TOTAL EMPLOYMENT AVERAGE IN WAREHOUSE AND STORAGE INDUSTRY (IN THOUSANDS)

    TABLE 5: TOTAL EMPLOYMENT – BY OCCUPATION TYPE IN WAREHOUSE AND STORAGE INDUSTRY

    TABLE 6: AVERAGE HOURLY EARNINGS (IN USD)

    TABLE 7: UNITED STATES COLD STORAGE MARKET, BY OWNERSHIP TYPE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 8: UNITED STATES COLD STORAGE MARKET, BY OWNERSHIP TYPE, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 9: UNITED STATES COLD STORAGE MARKET, BY TEMPERATURE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 10: UNITED STATES COLD STORAGE MARKET, BY TEMPERATURE, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 11: UNITED STATES COLD STORAGE MARKET, BY WAREHOUSE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 12: UNITED STATES COLD STORAGE MARKET, BY WAREHOUSE TYPE, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 13: UNITED STATES COLD STORAGE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 14: UNITED STATES COLD STORAGE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS   

    LIST OF FIGURES

    FIGURE 1: INDUSTRIAL SECTORS EMPLOYING COLD STORAGE FACILITIES

    FIGURE 2: MOBILE TECHNOLOGIES IN COLD STORAGE WAREHOUSE

    FIGURE 3: UNITED STATES COLD STORAGE WAREHOUSE INVENTORY BUILT

    FIGURE 4: COST BREAK-UP OF COLD STORAGES IN THE UNITED STATES

    FIGURE 5: KEY MARKET TRENDS

    FIGURE 6: AUTOMATION IN COLD STORAGE WAREHOUSE

    FIGURE 7: DIFFERENT DEGREES OF WAREHOUSE AUTOMATION

    FIGURE 8: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 9: OPPORTUNITY MATRIX

    FIGURE 10: VENDOR LANDSCAPE

    FIGURE 11: VALUE CHAIN ANALYSIS

    FIGURE 12: COLD CHAIN BY TRANSPORTATION

    FIGURE 13: UNITED STATES COLD STORAGE MARKET, GROWTH POTENTIAL, BY OWNERSHIP TYPE, IN 2021

    FIGURE 14: UNITED STATES COLD STORAGE MARKET, BY PUBLIC, 2022-2030 (IN $ BILLION)

    FIGURE 15: UNITED STATES COLD STORAGE MARKET, BY PRIVATE & SEMI-PRIVATE, 2022-2030 (IN $ BILLION)

    FIGURE 16: UNITED STATES COLD STORAGE MARKET, GROWTH POTENTIAL, BY TEMPERATURE, IN 2021

    FIGURE 17: UNITED STATES COLD STORAGE MARKET, BY FROZEN, 2022-2030 (IN $ BILLION)

    FIGURE 18: UNITED STATES COLD STORAGE MARKET, BY CHILLED, 2022-2030 (IN $ BILLION)

    FIGURE 19: UNITED STATES COLD STORAGE MARKET, GROWTH POTENTIAL, BY WAREHOUSE TYPE, IN 2021

    FIGURE 20: UNITED STATES COLD STORAGE MARKET, BY BULK STORAGE, 2022-2030 (IN $ BILLION)

    FIGURE 21: UNITED STATES COLD STORAGE MARKET, BY PRODUCTION STORES, 2022-2030 (IN $ BILLION)

    FIGURE 22: UNITED STATES COLD STORAGE MARKET, BY PORTS, 2022-2030 (IN $ BILLION)

    FIGURE 23: UNITED STATES COLD STORAGE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 24: UNITED STATES COLD STORAGE MARKET, BY FRUITS & VEGETABLES, 2022-2030 (IN $ BILLION)

    FIGURE 25: UNITED STATES COLD STORAGE MARKET, BY BAKERY & CONFECTIONARY, 2022-2030 (IN $ BILLION)

    FIGURE 26: UNITED STATES COLD STORAGE MARKET, BY DAIRY & FROZEN DESSERTS, 2022-2030 (IN $ BILLION)

    FIGURE 27: UNITED STATES COLD STORAGE MARKET, BY MEAT, FISH & SEAFOOD, 2022-2030 (IN $ BILLION)

    FIGURE 28: UNITED STATES COLD STORAGE MARKET, BY DRUGS & PHARMACEUTICALS, 2022-2030 (IN $ BILLION)

    FIGURE 29: UNITED STATES COLD STORAGE MARKET, BY OTHER COMPONENTS, 2022-2030 (IN $ BILLION)

    FIGURE 30: UNITED STATES COLD STORAGE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 31: UNITED STATES COLD STORAGE MARKET – COMPANY MARKET SHARE, 2021 (IN %)       

    1. MARKET BY OWNERSHIP TYPE
      • PUBLIC
      • PRIVATE & SEMI-PRIVATE
    2. MARKET BY TEMPERATURE
      • FROZEN
      • CHILLED
    3. MARKET BY WAREHOUSE TYPE
      • BULK STORAGE
      • PRODUCTION STORES
      • PORTS
    4. MARKET BY COMPONENT
      • FRUITS & VEGETABLES
      • BAKERY & CONFECTIONARY
      • DAIRY & FROZEN DESSERTS
      • MEAT, FISH & SEAFOOD
      • DRUGS & PHARMACEUTICALS
      • OTHER COMPONENTS

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      Frequently Asked Questions (FAQs):

      Which is the leading component driving the adoption of cold storage in the United States?

      Meat, fish & seafood is the dominating as well as the leading component set to fuel the adoption of cold storage in the United States.

      Which are the key technology types in the United States cold storage market?

      Key technologies supporting the United States cold storage market growth are robotics, cloud computing, transportation automation, and others.

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      We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

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