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. 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.
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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.
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the North America Cold Storage market include:
- Americold Logistics, Inc.
- Burris Logistics
- Lineage, Inc.
- Wabash National Corporation
- United States Cold Storage
- Tippmann Group
- NFI Industries
- Penske Corporation, Inc.
- Seafrigo Group
- NewCold
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Cold Storage Variables, Trends, & Scope
Chapter 4. North America Cold Storage Market: Type Estimates & Trend Analysis
Chapter 5. North America Cold Storage Market: Temperature Range Estimates & Trend Analysis
Chapter 6. North America Cold Storage Market: Application Estimates & Trend Analysis
Chapter 7. North America Cold Storage Market Country Estimates & Trend Analysis
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Americold Logistics, Inc.
- Burris Logistics
- Lineage, Inc.
- Wabash National Corporation
- United States Cold Storage
- Tippmann Group
- NFI Industries
- Penske Corporation, Inc.
- Seafrigo Group
- NewCold
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 54.4 Billion |
| Forecasted Market Value ( USD | $ 134.98 Billion |
| Compound Annual Growth Rate | 16.7% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
