Cold chain is vital in storage and distribution activities which maintain a temperature range to extend and to help ensure the shelf life of products like vaccines, drugs and chemicals. The cold chain has three main components, each of which must combine to ensure safe vaccine transport and storage: transport and storage equipment, trained personnel, and efficient management procedures. It is used for the preservation of consistent temperatures for refrigerated vaccines from manufacture through delivery to health care facilities.
Cold Chain Equipment Market: Key Players
The research study includes profiles of leading companies operating in the global Cold Chain Equipment market. Key players profiled in the report include: AmeriCold Logistics LLC, Lineage Logistics LLC, Preferred Freezer Services, Swire Cold Storage, A.B. Oxford Cold Storage, Bring Frigoscandia, Burris Logistics, Claus Sorensen, Cloverleaf Cold Storage, ColdEX, and others.
Drivers for the Global Cold Chain Equipment Market:
Rise in consumer demand for perishable food items, growth of international trade due to trade liberalization, and expansion of the organized food retail industry. Along with that, increasing number of organized retail stores in emerging economies these are the driving factors for the global cold chain equipment market.
Opportunities for the Global Cold Chain Equipment Market:
Similarly, trade liberalization, government efforts to reduce food waste, and expansion of retail chains by multinational companies, growing technological advancements in warehouses management and refrigerated transportation, and Rising demand for perishable products and fast delivery requirements associated with the e-commerce-based food and beverages delivery market creates the huge opportunity for the global cold chain equipment market in upcoming years.
Restrains for the Global Cold Chain Equipment Market:
But, on another side high energy costs to provide modern cold storage facilities, advanced vehicles, and system technologies, growing infrastructure costs, increasing labor costs these are the factors which hampers the global cold chain equipment market.
Region Wise, Global Cold Chain Equipment Market Analysis:
Report covers the region wise analysis; global cold chain equipment can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, North America leads the global cold chain equipment share because of growing opportunities for the companies; increasing penetration of connected devices and a large consumer base are expected to fuel the regional demand. On another side, due to increasing government investments in logistics infrastructure development and penetration of warehouses management systems Asia Pacific region is expected to grow in forecast period. North America region is followed by Asia Pacific and Europe.
Covid-19: Impact and Recovery Analysis for Global Cold Chain Equipment Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: cold chain equipment market globally. Increasing numbers of covid-19 patients and the rapidly rising burden on medical industry makes positive impact on the growth of cold chain equipment market.
Global Cold Chain Equipment Market: Product analysis
- Refrigerated Storage
Global Cold Chain Equipment Market: Application analysis
- Meat, Fish & Seafood
- Dairy & Frozen Desserts
- Vegetables & Fruits
- Bakery & Confectionary
Global Cold Chain Equipment Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East