Cold Chain Equipment Market by Type (Storage, Transportation, Associated, Temperature Monitoring Devices), Industry (Pharmaceuticals & Biotechnology, Food Processing, Bakery & Confectionery, Brewery & Winery), and Geography

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Cold Chain Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Storage, Transportation, Associated, Temperature Monitoring Devices), Industry (Pharmaceuticals, Food, Bakery, Brewery) and Geography-Global Forecast to 2031

The research report titled, 'Cold Chain Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Storage, Transportation, Associated, Temperature Monitoring Devices), Industry (Pharmaceuticals, Food, Bakery, Brewery) and Geography-Global Forecast to 2031', provides in-depth analysis of the cold chain equipment market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The cold chain equipment market is projected to reach $470.3 billion by 2031, at a CAGR of 12.6% from 2024 to 2031. The growth of this market is driven by the growing need to transport & store temperature-sensitive products, the globalization of food supply chains, and the expansion of the pharmaceutical industry. However, high energy consumption restrains the growth of this market.

Additionally, the technological advancements in cold chains are expected to create market growth opportunities. However, regulatory standards & compliance for cold chains are major challenges for the players operating in this market. Sustainable cold chain solutions are prominent trends in the cold chain equipment market.

The global cold chain equipment market is segmented by type and industry. The study also evaluates industry competitors and analyzes the market at the region/country level.

Based on type, the global cold chain equipment market is broadly segmented into storage equipment, transportation equipment, associated equipment, and temperature monitoring devices. In 2024, the storage equipment segment is expected to account for the largest share of the global cold chain equipment market. The large market share of this segment is attributed to the increasing need to preserve the quality and safety of temperature-sensitive products, including vaccines, biologics, and chemicals, and the growing demand for cold storage facilities to meet the needs of consumers of fresh produce, dairy products, and frozen goods. However, the transportation equipment segment is projected to register the highest CAGR during the forecast period.

Based on industry, the global cold chain equipment market is broadly segmented into pharmaceuticals & biotechnology, chemicals & processing, food processing, bakery & confectionery, brewery & winery, and other industries. In 2024, the food processing segment is expected to account for the largest share of the global cold chain equipment market. The large market share of this segment is attributed to the growing need to maintain proper temperatures throughout processing, storage, and distribution for poultry and meat processing, increasing use of temperature-controlled storage and transport to help extend freshness in fruits and vegetables, and the increasing need for cold chain equipment to preserve the quality, safety, and shelf life of perishable food products. The segment is also projected to register the highest CAGR during the forecast period.

Based on geography, the global cold chain equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global cold chain equipment market, followed by North America and Europe. North America's significant market share can be attributed to stringent government regulations on temperature control standards, continuous advancements in refrigeration and insulation technologies, the need for precise temperature management to ensure product efficacy, ongoing innovations in refrigeration technology, and the rising demand for temperature-sensitive products such as biopharmaceuticals, personalized medicine, and chemicals.

However, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is driven by the growing need for extensive cold chain infrastructure to maintain product quality, growing consumer awareness of food safety and quality standards, increasing need for sustainable and eco-friendly cold chain solutions, and the growing popularity of e-commerce and online grocery delivery services.

Key Players:

The key players operating in the cold chain equipment market are Thermo King (U.S.), Carrier Global Corporation (U.S.), Schmitz Cargobull AG (Germany), Mettcover Global INC (U.S.), Karr Cold Storage (U.S.), B Medical Systems S.a r.l (Luxembourg), ZANOTTI S.p.A. (Italy), IndoSurgicals Private Limited (India), GWS Surgicals LLP (India), Americold Logistics, Inc. (U.S.), Emergent Cold LatAm Management LLC (U.S.), Narang Medical Limited (India), PANNA GROUP OF COMPANIES (India), Cold Chain Technologies (U.S.), Rinac India Limited (India), Samco Medical (India), Thermal Energy Service Solutions Pvt Ltd (India), Zanotti S.p.A. (Italy), and Kelvion Holding GmbH (Germany).

Key questions answered in the report-

Which are the high-growth market segments based on type, industry, and geography?
What was the historical market for the cold chain equipment market?
What are the market forecasts and estimates for the period 2024-2031?
What are the major drivers, restraints, opportunities, and challenges in the cold chain equipment market?
Who are the major players in the cold chain equipment market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the cold chain equipment market?
What are the different strategies adopted by the major players in the cold chain equipment market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the cold chain equipment market, and how do they compete with other players?

Scope of the Report:

Cold Chain Equipment Market Assessment-by Type

Storage Equipment
- Electrical
Walk-in Cooler (WIC)
Walk-in Freezer (WIF)
Ice-lined Refrigerator (ILR)
Deep Freezer (DF)
- Solar Refrigerator
- Non- electrical
Cold Box
Vaccine Carrier
Ice Pack
Other Non- electricals
Transportation Equipment
- Refrigerated Van
- Insulated Van
- Cold Box
- Vaccine Carrier
- Ice-Packs
Associated Equipment
- Stabilizer
- Generator
- Inverter
Temperature Monitoring Devices
- Thermostats
- Electronic Data Logger
- Freeze Indicator
- Realtime Temp Monitoring Device

Cold Chain Equipment Market Assessment-by Industry

Pharmaceuticals & Biotechnology
Food Processing
- Fruits & Vegetables
- Poultry & Meat
- Fisheries
- Retail Food
- Dairy
Chemicals & Processing
Bakery & Confectionery
Brewery & Winery
Other Industries

Cold Chain Equipment Market Assessment-by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific
Japan
China
India
South Korea
Rest of Asia-Pacific (RoAPAC)
Latin America
Middle East & Africa

Product Code: MRICT - 104950

1. Overview

1.1 Market Definition & Scope
1.2 Market Ecosystem
1.3 Currency & Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
1.4 Key Stakeholders

2. Research Methodology

2.1 Research Approach
2.2 Data Collection and Validation Process
- 2.2.1 Primary Research / Interviews with Key Opinion Leaders from the Industry
- 2.2.2 Secondary Research
2.3 Market Sizing and Forecast Approach
- 2.3.1 Market Size Estimation Approach
  - 2.3.1.1 Bottom-up Approach
  - 2.3.1.2 Top-down Approach
  - 2.3.1.3 Growth Forecast Approach
- 2.3.2 Market Share Analysis
2.4 Assumption for the Study
2.5 Limitations for the Study

3. Executive Summary

3.1 Market Overview
3.2 Market Analysis, by Type
3.3 Market Analysis, by Industry
3.4 Market Analysis, by Geography
3.5 Competitive Analysis

4. Market Insights

4.1 Overview
4.2 Factors Affecting Market Growth
- 4.2.1 Drivers
  - 4.2.1.1 Growing Need to Transport and Store Temperature-sensitive Products
  - 4.2.1.2 Globalization of Food Supply Chains
  - 4.2.1.3 Expansion of Pharmaceutical Industry
- 4.2.2 Restraints
  - 4.2.2.1 High Energy Consumption
- 4.2.3 Opportunities
  - 4.2.3.1 Technological Advancements in Cold Chains
- 4.2.4 Challenges
  - 4.2.4.1 Regulatory Standards & Compliance for Cold Chains
- 4.2.5 Trends
  - 4.2.5.1 Sustainable Cold Chain Solutions
4.3 Value Chain Analysis
4.4 Standards & Regulations

5. Global Cold Chain Equipment Market, by Type

5.1 Overview
5.2 Storage Equipment
- 5.2.1 Electrical
  - 5.2.1.1 Walk-in Cooler (WIC)
  - 5.2.1.2 Walk-in Freezer (WIF)
  - 5.2.1.3 Ice-lined Refrigerator (ILR)
  - 5.2.1.4 Deep Freezer (DF)
- 5.2.2 Solar Refrigerator
- 5.2.3 Non-electrical
  - 5.2.3.1 Cold Box
  - 5.2.3.2 Vaccine Carrier
  - 5.2.3.3 Ice Pack
  - 5.2.3.4 Other Non-electricals
5.3 Transportation Equipment
- 5.3.1 Refrigerated Van
- 5.3.2 Insulated Van
- 5.3.3 Cold Box
- 5.3.4 Vaccine Carrier
- 5.3.5 Ice-Packs
5.4 Associated Equipment
- 5.4.1 Stabilizer
- 5.4.2 Generator
- 5.4.3 Inverter
5.5 Temperature Monitoring Devices
- 5.5.1 Thermostats
- 5.5.2 Electronic Data Logger
- 5.5.3 Freeze Indicator
- 5.5.4 Realtime Temp Monitoring Device

6. Global Cold Chain Equipment Market, by Industry

6.1 Overview
6.2 Pharmaceuticals & Biotechnology
6.3 Food Processing
- 6.3.1 Fruits & Vegetables
- 6.3.2 Poultry & Meat
- 6.3.3 Fisheries
- 6.3.4 Retail Food
- 6.3.5 Dairy
6.4 Chemicals & Processing
6.5 Bakery & Confectionery
6.6 Brewery & Winery
6.7 Other Industries

7. Cold Chain Equipment Market, by Geography

7.1 Overview
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 U.K.
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
7.4 Asia-Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 South Korea
- 7.4.5 Rest of Asia-Pacific
7.5 Latin America
7.6 Middle East & Africa

8. Competition Analysis

8.1 Overview
8.2 Key Growth Strategies
8.3 Competitive Benchmarking
8.4 Competitive Dashboard
- 8.4.1 Industry Leaders
  - 8.4.1.1 Market Ranking/Market Share
- 8.4.2 Market Differentiators
- 8.4.3 Vanguards
- 8.4.4 Emerging Companies

9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)

9.1 Thermo King
9.2 Carrier Global Corporation
9.3 Schmitz Cargobull AG
9.4 Mettcover Global INC
9.5 Karr Cold Storage
9.6 B Medical Systems S.a r.l
9.7 ZANOTTI S.p.A.
9.8 IndoSurgicals Private Limited
9.9 GWS Surgicals LLP
9.10 Americold Logistics, Inc.
9.11 Emergent Cold LatAm Management LLC
9.12 Narang Medical Limited
9.13 PANNA GROUP OF COMPANIES
9.14 Rinac India Limited
9.15 Samco Medical
9.16 Thermal Energy Service Solutions Pvt Ltd
9.17 Zanotti S.p.A.
9.18 Kelvion Holding GmbH
9.19 Cold Chain Technologies

(Note: SWOT Analysis of the Top 5 Companies will be Provided)

10. Appendix

10.1 Available Customization
10.2 Related Reports