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Cold Chain Equipment Market Share

Report ID: GMI8475
Published Date: Mar 2024
Report Format: PDF

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Cold Chain Equipment Market Share

Global Company Market Share Analysis, 2023, (%)

The cold chain equipment industry is highly fragmented due to the presence of numerous local & global players across the globe. In 2023, the above list of dominant market players collectively held a substantial 20% - 25% market share. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions, facility expansion, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research & development, aiming to enhance their designs and integrate cutting-edge technologies, thereby ensuring that they maintain a competitive edge.

Cold Chain Equipment Market Companies

Major players operating in the cold chain equipment industry include:

NICHIREI CORPORATION
Americold
Burris Logistics
Schmitz Cargobull
Thermo King
Carrier Transicold
Zanotti SpA
Viessmann
Schmitz Cargobull
Fermod
Intertecnica
ebm-papst Group
CAREL
Bitzer
Kelvion
LINEAGE LOGISTICS HOLDING, LLC

Authors: Avinash Singh, Sunita Sigh

Frequently Asked Questions (FAQ) :

The market size of cold chain was reached USD 14 billion in 2023 and is anticipated to register a CAGR of over 20.2% between 2024 and 2032, driven by the trade liberalization, expansion of retail chains, and focus on decreasing food chain expense.

Storage equipment segment was worth USD 10.16 billion in 2023 and will continue to gain traction, as it maintains a particular temperature range that is suitable for the product that is being stored.

North America cold chain equipment market accounted for a major revenue share of 33.05% in 2023, favored by the growth of e-commerce in the region and the growing need for temperature-controlled storage in the food and pharmaceutical industries.

NICHIREI CORPORATION, Americold, Burris Logistics, Schmitz Cargobul, Thermo King, Carrier Transicold, Zanotti SpA, Viessmann, Schmitz Cargobull, Fermod, Intertecnica, ebm-papst Group, CAREL, Bitzer, Kelvion and LINEAGE LOGISTICS HOLDING, LLC.