According to the new market research report “Cold Chain Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Cold Chain Equipment market size is projected to reach USD 30.96 billion by 2030, at a CAGR of 5.1% during the forecast period.
- Global Cold Chain Equipment MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Cold Chain Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Cold Chain Equipment Top22Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Cold Chain Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Cold Chain Equipment include Carrier, Epta SpA, CIMC, Dover Corporation, Hoshizaki International, AHT Cooling Systems, Panasonic, Ali Group, Great Dane Trailers, Wabash National, etc. In 2023, the global top 10 players had a share approximately 43% in terms of revenue.
- Cold Chain Equipment,Global Market Size, Split by Product Segment
Source: QYResearch, "Cold Chain Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Cold Chain Storage Equipment is the largest segment, hold a share of 74%.
- Cold Chain Equipment,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Cold Chain Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Food and Beverage is the largest segment, hold a share of 60%.
Market Drivers:
Industry policy support
The growing demand for food and pharmaceutical logistics: With the acceleration of global population growth and urbanization, the demand for food and pharmaceutical products is constantly increasing. Cold chain equipment can ensure the quality and safety of these perishable and perishable products during transportation and storage, thereby promoting the development of the cold chain equipment industry.
Launches in introducing new products
Restraint:
High costs and long return on investment cycles: The procurement and maintenance costs of cold chain equipment are high, including equipment acquisition, operational expenses, and maintenance fees. This may limit investment willingness for some businesses, especially small and medium-sized enterprises.
Rapid technological advancements and equipment obsolescence: Cold chain equipment undergoes rapid technological advancements, and outdated equipment can impact a company's competitiveness. Therefore, businesses need to continuously invest in research and development and update their equipment to maintain market competitiveness.
Intense market competition: The cold chain equipment industry faces fierce competition, not only from traditional competitors but also from emerging technology companies and cross-industry giants. Companies must continually improve their product quality and service levels to maintain market share and competitive advantage.
About QYResearch
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QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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