Product Code: GVR-2-68038-164-1
North America Cold Storage Market Growth & Trends:
The North America cold storage market size is expected to reach USD 134.98 billion by 2030, registering a CAGR of 16.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Technological advancements in cold storage warehouses are stimulating the growth of the market. Increasing automation is changing the conventional warehouse operations, enabling companies to maximize their output. Growing penetration of robotics applications, automated material handling equipment, and high-speed conveyor systems help in achieving the order accuracy.
Rising awareness concerning the low ozone depletion potential (ODP) and low global warming potential (GWP) refrigerants to tackle environmental and social facets along with increasing demand for energy-efficient natural refrigerants are the key factors driving the market. Inorganic refrigerants such as ammonia, CO2, and hydrocarbon-based refrigerants are the most popular natural refrigerants that are being increasingly preferred by end users for their energy efficiency, low cost, and low GDP & ODP.
High running costs, capital investment, and scalability of different picking methods are the key factors restraining the market over the projected period. Additionally, advanced automation, software system, and high-tech advancements in tracking systems and warehousing have led to high requirements for skilled labor. Dearth of skilled labor can restrict the market from realizing its utmost potential.
Compared to other revenue-generation streams for real-estate firms, the North America cold storage construction market is smaller in size. From the owner's perspective, potential developers and real-estate firms may want to consider investing in cold storage facilities owing to their growing population in the region. Furthermore, there will be a bidding war among investors to acquire Class A (high-quality or newly-constructed building located in central business areas and draws the highest rent) traditional warehouse space in the U.S. and Canada. To avoid such situation, real-estate firms can invest in developing a class B (older than class A buildings and draws less rent compared to class A) warehouse as the cold storage facility.
Key companies operating in the market are Lineage Logistics; Americold Logistics LLC; Burris Logistics, Inc.; Cloverleaf Cold Storage Company; and VersaCold Logistics Services. In addition to cold storage services, market players are providing value-added activities such as food processing and harvesting to increase the product life of fresh foods.
North America Cold Storage Market Report Highlights:
- Facilities dominated the regional market with a revenue share of 92.2% in 2024. This includes refrigerated warehouses, private, semi-private, public, and cold rooms.
- The frozen temperature range segment held the largest revenue share of this industry in 2024 owing to the rising utilization of cold storage facilities in the region by businesses that enlist perishable goods in their diversified portfolios, including meat, poultry, seafood, frozen vegetables, frozen snacks, frozen novelties, ice cream products, and others.
- Based on applications, the food & beverages market dominated the North America cold storage industry in 2024. The food & beverages businesses are one of the primary users of cold storage as logistics & storage play an integral role in their product delivery.
- The U.S. cold storage market dominated the regional industry with a revenue share of 77.4% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. North America Cold Storage Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenge
- 3.3. North America Cold Storage Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
Chapter 4. North America Cold Storage Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. North America Cold Storage Market: Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Storage
- 4.3.1. Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Facilities
- 4.3.2.1. Facilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.1.1. Refrigerated Warehouse
- 4.3.2.1.1.1. Refrigerated Warehouse Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.1.1.1.1. Private & Semi-Private
- 4.3.2.1.1.1.1.1. Private & Semi-Private Refrigerated Warehouse Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.1.1.1.2.1. Public Refrigerated Warehouse Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.1.2. Cold Room
- 4.3.2.1.2.1. Cold Room Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Equipment
- 4.3.3.1. Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.2. Blast Freezer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.2.1. Blast Freezer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.3. Walk-in Cooler and Freezer
- 4.3.3.3.1. Walk-in Cooler and Freezer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.4. Deep Freezer
- 4.3.3.4.1. Deep Freezer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.5. Others
- 4.3.3.5.1. Other Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. North America Cold Storage Market: Temperature Range Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. North America Cold Storage Market: Temperature Range Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Chilled
- 5.3.1. Chilled Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Frozen
- 5.4.1. Frozen Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Deep Frozen
- 5.5.1. Deep Frozen Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. North America Cold Storage Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. North America Cold Storage Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Food & Beverages
- 6.3.1. Food & Beverages Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Fruits & Vegetables
- 6.3.2.1. Food & Beverages Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Fruit Pulp & Concentrates
- 6.3.3.1. Fruit Pulp & Concentrates Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. Dairy Products
- 6.3.4.1. Dairy Products Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Milk
- 6.3.4.2.1. Milk Cold Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.3. Butter
- 6.3.4.3.1. Butter Cold Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.4. Cheese
- 6.3.4.4.1. Cheese Cold Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.5. Ice Cream
- 6.3.4.5.1. Ice Cream Cold Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.6. Others
- 6.3.4.6.1. Other Dairy Products Cold Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5. Fish, Meat, and Seafood
- 6.3.5.1. Fish, Meat, and Seafood Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6. Processed Food
- 6.3.6.1. Processed Food Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.7. Bakery & Confectionary
- 6.3.7.1. Bakery & Confectionary Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.8. Others
- 6.3.8.1. Other Foods Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Pharmaceuticals
- 6.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.1.1. Vaccines Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.1.2. Blood Banking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.1.3. Other Pharmaceutical Products Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Other Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. North America Cold Storage Market Country Estimates & Trend Analysis
- 7.1. North America Cold Storage Market Share, By Region, 2024 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America North America Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. North America Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Americold Logistics, Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Course Benchmarking
- 8.4.1.4. Strategic Initiative
- 8.4.2. Burris Logistics
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Course Benchmarking
- 8.4.2.4. Strategic Initiative
- 8.4.3. Lineage, Inc.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Course Benchmarking
- 8.4.3.4. Strategic Initiative
- 8.4.4. Wabash National Corporation
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Course Benchmarking
- 8.4.4.4. Strategic Initiative
- 8.4.5. United States Cold Storage
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Course Benchmarking
- 8.4.5.4. Strategic Initiative
- 8.4.6. Tippmann Group
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Course Benchmarking
- 8.4.6.4. Strategic Initiative
- 8.4.7. NFI Industries
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Course Benchmarking
- 8.4.7.4. Strategic Initiative
- 8.4.8. Penske Corporation, Inc.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Course Benchmarking
- 8.4.8.4. Strategic Initiative
- 8.4.9. Seafrigo Group
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Course Benchmarking
- 8.4.9.4. Strategic Initiative
- 8.4.10. NewCold
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Course Benchmarking
- 8.4.10.4. Strategic Initiative