California to continue its dominion in the US Cold Storage Market

1. California to continue its dominion in the US Cold Storage Market US Cold Storage Market projected to cross USD 19 billion by 2025 Rise in demand for frozen foods propels the US Cold Storage Market Market overview: The size of the US cold storage market was estimated at $ 15.2 billion in 2018 and is expected to increase by 3.7% annually to reach $ 19.4 billion in 2025. Advanced cold storage provides beneficial features such as monitoring systems of various products like fruits and vegetables, which mitigates the potential for wastage of temperature-sensitive products. Recent developments: In April 2016, Lineage Logistics Holdings, LLC opened a refrigerated distribution centre in South Carolina providing solutions to facilitate public access to imported products and export products to foreign markets. Market Drivers and Restraints: Growth in the US cold storage market can be attributed to a number of crucial factors, such as technological advances in the packaging, processing and storage of perishable foods and temperature-sensitive items. Service providers have intensified their efforts to protect temperature control products from possible tampering or malicious behaviour. The security of the facilities includes not only cold storage but also personal and visitors. As a result, there has been a growing demand for the implementation of monitoring components such as telematics and telemetry devices, RFID devices, sensors and data loggers and network devices to improve the performance and efficiency of cold storage and transport. As the demand for connected trucks, high-bucket refrigerated trailers and vehicles that facilitate transport between products increases, the need for refrigerated transport services has risen. Outsourcing services are gaining popularity in business due to factors such as increased competition, substantial increases in operating costs and strict quality standards. The lack of the necessary infrastructure to maintain cold storage presents a significant challenge to expand in the regional market. Also, the lack of electrical connections for refrigeration trailers in shipping centres and ports can hinder market growth in the US market. To know more read: https://www.marketdataforecast.com/market-reports/us-cold-storage-market Report Segmented as: Depending on the type of warehouse, the public sector has the highest revenues in 2018 and is expected to grow remarkably from 2019 to 2025. Automation is increasing as a result of several factors. By type of temperature, the US cold storage market has been classified as refrigerated and frozen. The refrigeration sector had the largest share in 2018. By application, the market was divided into fruits and vegetables, dairy products, fish, meat and shellfish, processed foods and medicines.

2. Geographical Segmentation: California led the US cold storage market in 2018, and because the state has a large user base, it is expected to remain in top spot from 2020 to 2025. The state represents the largest refrigeration facility with 400 million installations, which can be attributed to its large population base. Some of the most profitable states are North Carolina and South Carolina, and CAGRs are expected to exceed 5.3% and 4.8%, respectively, from 2020 to 2025. Key market players: Major manufacturers in the US Cold Storage marker include AGRO Merchants Group North America, Americold Logistics, LLC; Burris Logistics, Henningsen Cold Storage Co., Cloverleaf Cold Storage, Lineage Logistics Holdings, LLC; Priority refrigeration services, Nordic Logistics, LLC; And Wabash National Corporation. View sample and decide: https://www.marketdataforecast.com/market-reports/us-cold-storage-market/request Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla

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