$8.6bn
$X.Xbn
62,654
2,780
$X.Xbn
Following the global pandemic, there was a marked shift in consumer behavior, with more people opting for higher-quality, high-margin food brands, which amplified the need for refrigerated storage solutions. The period saw major players in the industry engaging in acquisitions and joint ventures to bolster their market position amidst growing competition. Automation and advanced technologies became prominent, allowing companies to enhance operational efficiency and reduce labor costs, drawing increased investor interest, particularly in ESG compliance and sustainable practices. Revenue has been increasing at a CAGR of 1.5% over the past five years, and is expected to reach $8.6 billion in 2024.
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $8.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Americold Realty Trust | 3,201.0 | 224.0 | 7.0 | |
Lineage Logistics Holdings, Llc | 2,149.7 | 345.2 | 16.1 | |
Xpo Logistics, Inc. | 754.8 | 59.2 | 7.8 |
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Industry revenue is measured across several distinct product and services lines, including Storage of goods, Handling of goods and Transportation of goods. Storage of goods is the largest segment of the Refrigerated Storage in the US.
Online food sales and resilient economic activity elevate the need for storage of goods
The Refrigerated Storage industry consists of companies that manage refrigerated warehousing and storage facilities. They provide temperature-controlled services like blast freezing and tempering, along with specialized storage for furs intended for trade. The stored furs serve as raw materials for manufacturing garments and personal accessories, including bags and shoes.
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NAICS 49312 - Refrigerated Storage in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising consumer demand for high-quality foods is boosting the need for Refrigerated Storage. The health-conscious consumer enhances revenue and profit for downstream food ret...
Learn about an industry's products and services, markets and trends in international trade.
Resilient economic activity and online food sales support the expansion of refrigerated storage services. Online shopping led to the outsourcing of storage operations to spec...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast’s infrastructure and strategic location make it a leader in refrigerated storage. Its dense network of highways, railroads and major ports supports efficient ex...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The expansion of e-commerce is driving growth and attracting new entrants. The newly established companies are seizing opportunities created by the increasing demand for regi...
Learn about the performance of the top companies in the industry.
Since 2019, the top two companies, Lineage Logistics and Americold, have undergone several acquisitions and a joint venture to regain lost market share. The shift indicates t...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Food Safety and Inspection Services (FSIS) oversees the operations of cold storage. The FSIS is responsible for regulating and enforcing health standards regarding the na...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages are the largest cost for businesses offering refrigerated storage services. Companies rely heavily on manual labor to monitor facilities, send and retrieve items to and...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Refrigerated Storage in the US industry in United States is $8.6bn in 2024.
There are 2,780 businesses in the Refrigerated Storage in the US industry in United States, which has grown at a CAGR of 5.0 % between 2019 and 2024.
The market size of the Refrigerated Storage in the US industry in United States has been growing at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Refrigerated Storage in the US industry in United States is expected to grow.
The biggest companies operating in the Refrigerated Storage market in United States are Americold Realty Trust, Lineage Logistics Holdings, Llc and Xpo Logistics, Inc.
Providing blast freezing services and Providing tempering services are part of the Refrigerated Storage in the US industry.
The company holding the most market share in United States is Americold Realty Trust.
The level of competition is moderate and steady in the Refrigerated Storage in the US industry in United States.