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Cold Chain Logistics Market in North America by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 123
  • SKU: IRTNTR74130
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The cold chain logistics market share in North America is expected to increase by USD 64.79 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.98%.

This cold chain logistics market in North America research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cold chain logistics market in North America segmentations by type (refrigerated warehouse and refrigerated transportation) and geography (US, Canada, and Mexico). The North America cold chain logistics market report also offers information on several market vendors, including AGRO Merchants Group, Americold Realty Operating Partnership LP, ArcBest Corp., Burris Logistics, C.H. Robinson Worldwide inc., COVENANT LOGISTICS GROUP inC., DB Schenker, Deutsche Post DHL Group, Expeditors international of Washington inc., FedEx Corp., J.B. Hunt Transport Services inc., KLLM Transportation Services, Knight Swift Transportation Holdings inc., Lineage Logistics Holdings LLC, MARTEN TRANSPORT LTD., Prime inc., Tippmann Group, Total Quality Logistics LLC, VersaCold Logistics Services, and XPO Logistics inc. among others.

What will the Cold Chain Logistics Market Size in North America be During the Forecast Period?

Cold Chain Logistics Market in North America Size

Download Report Sample to Unlock the Cold Chain Logistics Market Size in North America for the Forecast Period and Other Important Statistics

 

Cold Chain Logistics Market in North America: Key Drivers, Trends, and Challenges

The increased adoption of sustainable initiatives is notably driving the cold chain logistics market growth in North America, although factors such as operational barriers in cold chain logistics increase costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cold chain logistics industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cold Chain Logistics Market Driver in North America

  • The increased adoption of sustainable initiatives is one of the key drivers supporting the cold chain logistics market growth in North America.
  • Vehicular pollution generated by reefer trucks has become an increasing concern in North America. Therefore, manufacturers now tend to choose a vendor with a smaller carbon footprint and generate fewer pollutants.
  • To overcome the environmental degradation issue, cold chain logistics providers more frequently prefer eco-friendly electric vehicles that run on renewable sources of energy. 
  • Cold chain logistics vendors and shippers are looking for innovative ways to balance the energy requirements of perishable products while reducing resource consumption. They are switching to electric vehicles, especially when perishable goods need to be transported to a short distance (warehouse to distribution). Such innovative ways will drive market growth in the coming years.

Key Cold Chain Logistics Market Trend in North America

  • The introduction of blockchain technology in the logistics industry is one of the key cold chain logistics market trends contributing to market growth.
  • Blockchain technology system uses a thread of cryptographically protected records and details of transactions for all stakeholders in the supply chain. It distributes records across a network of related computer systems, thus eliminating the need for a central authority to maintain records.
  • Various logistics companies are now implementing blockchain technology in their supply chains to improve the efficiency of data security in the supply chain.
  • The use of blockchain technology in rural healthcare-related logistics will streamline supply chain operations and expedite sharing of information and data during the forecast period.
  • The introduction of blockchain technology in rural clinics and other healthcare logistics is expected to streamline, automate, and create transparency in the sharing of immutable records. Thus, the advantages of blockchain technology are expected to simplify the logistics management process for vendors, thereby propelling the growth of the market.

Key Cold Chain Logistics Market Challenge in North America

  • Operational barriers in cold chain logistics increase costs, which is hindering the cold chain logistics market growth in North America.
  • The procurement of suitable land in cold chain logistics is a strategic decision because it is a critical service, and establishing cold storage in proximity to the production facility is vital.
  • Real estate costs in North America are on the higher side owing to the increase in interbank exchange rates. Therefore, an increase in land cost will further require additional capital by cold chain logistics service providers. 
  • It is estimated that 12%-16% of the total running cost of cold chain pharmaceutical logistics is due to high-energy consumption. In addition, chilled and frozen storage systems in cold chain logistics consume more than 50% of the total energy in a cold storage system. 
  • Stringent government regulations are prompting cold chain logistics service providers to adopt better safety measures in their supply chain functions. Therefore, vendors have been implementing various tracking and communication systems. The implementation and maintenance of such solutions will incur a high cost to cold chain logistics providers. Such operational barriers may hinder market growth during the forecast period.

This cold chain logistics market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the cold chain logistics market in North America as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cold chain logistics market in North America during the forecast period.

Who are the Major Cold Chain Logistics Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AGRO Merchants Group
  • Americold Realty Operating Partnership LP
  • ArcBest Corp.
  • Burris Logistics
  • C.H. Robinson Worldwide inc.
  • COVENANT LOGISTICS GROUP inC.
  • DB Schenker
  • Deutsche Post DHL Group
  • Expeditors international of Washington inc.
  • FedEx Corp.
  • J.B. Hunt Transport Services inc.
  • KLLM Transportation Services
  • Knight Swift Transportation Holdings inc.
  • Lineage Logistics Holdings LLC
  • MARTEN TRANSPORT LTD.
  • Prime inc.
  • Tippmann Group
  • Total Quality Logistics LLC
  • VersaCold Logistics Services
  • XPO Logistics inc.

 

This statistical study of the North America cold chain logistics market encompasses successful business strategies deployed by the key vendors. The cold chain logistics market in North America is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • lineagelogistics.com - Under the storage segment, the company offers a wide range of services such as managed transportation, on-demand transport, customs brokerage, drayage, intermodal, and load matching among others.
  • lineagelogistics.com - The company offers cold chain logistic solutions for proteins, bakery products, dairy, fruits or vegetables with temperature control storage facilities.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cold chain logistics market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cold Chain Logistics Market in North America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the North America cold chain logistics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Type Segments in the Cold Chain Logistics Market in North America?

Cold Chain Logistics Market in North America Share

To gain further insights on the market contribution of various segments Request PDF Sample

The cold chain logistics market share growth in North America by the refrigerated warehouse segment will be significant during the forecast period. A refrigerated warehouse is a cold storage facility where temperature-controlled products, such as meat and dairy products, are stored to prevent them from decaying. As the import and export of temperature-sensitive products are increasing, there is a growing demand for refrigerated warehouses and transportation facilities. Such an increasing demand for refrigerated warehouses may boost market growth in the coming years.

his report provides an accurate prediction of the contribution of all the segments to the growth of the cold chain logistics market size in North America and actionable market insights on the post-COVID-19 impact on each segment.

 

Cold Chain Logistics Market Scope in North America

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.98%

Market growth 2022-2026

$64.79 billion

Market structure

Fragmented

YoY growth (%)

11.5

Key consumer countries

US, Canada, and Mexico

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AGRO Merchants Group, Americold Realty Operating Partnership LP, ArcBest Corp., Burris Logistics, C.H. Robinson Worldwide inc., COVENANT LOGISTICS GROUP inC., DB Schenker, Deutsche Post DHL Group, Expeditors international of Washington inc., FedEx Corp., J.B. Hunt Transport Services inc., KLLM Transportation Services, Knight Swift Transportation Holdings inc., Lineage Logistics Holdings LLC, MARTEN TRANSPORT LTD., Prime inc., Tippmann Group, Total Quality Logistics LLC, VersaCold Logistics Services, and XPO Logistics inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cold Chain Logistics Market in North America Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive cold chain logistics market growth in North America during the next five years
  • Precise estimation of the cold chain logistics market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cold chain logistics industry in North America across US, Canada, and Mexico
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cold chain logistics market vendors in North America

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on North America: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Refrigerated warehouse - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Refrigerated warehouse - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Refrigerated warehouse - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Refrigerated warehouse - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Refrigerated warehouse - Year-over-year growth 2021-2026 (%)
    • 5.4 Refrigerated transportation - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Refrigerated transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Refrigerated transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Refrigerated transportation - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Refrigerated transportation - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography - 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography - 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 US - Market size and forecast 2021-2026
      • Exhibit 42: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.4 Canada - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.5 Mexico - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Mexico - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
    • 7.6 Market opportunity by geography
      • Exhibit 54: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 55: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 56: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 57: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 58: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 59: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 60: Matrix on vendor position and classification
            • 10.3 AGRO Merchants Group
              • Exhibit 61: AGRO Merchants Group - Overview
              • Exhibit 62: AGRO Merchants Group - Product / Service
              • Exhibit 63: AGRO Merchants Group - Key offerings
            • 10.4 Americold Realty Operating Partnership LP
              • Exhibit 64: Americold Realty Operating Partnership LP - Overview
              • Exhibit 65: Americold Realty Operating Partnership LP - Business segments
              • Exhibit 66: Americold Realty Operating Partnership LP - Key offerings
              • Exhibit 67: Americold Realty Operating Partnership LP - Segment focus
            • 10.5 Burris Logistics
              • Exhibit 68: Burris Logistics - Overview
              • Exhibit 69: Burris Logistics - Product / Service
              • Exhibit 70: Burris Logistics - Key offerings
            • 10.6 C.H. Robinson Worldwide Inc.
              • Exhibit 71: C.H. Robinson Worldwide Inc. - Overview
              • Exhibit 72: C.H. Robinson Worldwide Inc. - Business segments
              • Exhibit 73: C.H. Robinson Worldwide Inc. - Key news
              • Exhibit 74: C.H. Robinson Worldwide Inc. - Key offerings
              • Exhibit 75: C.H. Robinson Worldwide Inc. - Segment focus
            • 10.7 Deutsche Post DHL Group
              • Exhibit 76: Deutsche Post DHL Group - Overview
              • Exhibit 77: Deutsche Post DHL Group - Business segments
              • Exhibit 78: Deutsche Post DHL Group - Key news
              • Exhibit 79: Deutsche Post DHL Group - Key offerings
              • Exhibit 80: Deutsche Post DHL Group - Segment focus
            • 10.8 FedEx Corp.
              • Exhibit 81: FedEx Corp. - Overview
              • Exhibit 82: FedEx Corp. - Business segments
              • Exhibit 83: FedEx Corp. - Key offerings
              • Exhibit 84: FedEx Corp. - Segment focus
            • 10.9 Lineage Logistics Holdings LLC
              • Exhibit 85: Lineage Logistics Holdings LLC - Overview
              • Exhibit 86: Lineage Logistics Holdings LLC - Product / Service
              • Exhibit 87: Lineage Logistics Holdings LLC - Key news
              • Exhibit 88: Lineage Logistics Holdings LLC - Key offerings
            • 10.10 Tippmann Group
              • Exhibit 89: Tippmann Group - Overview
              • Exhibit 90: Tippmann Group - Product / Service
              • Exhibit 91: Tippmann Group - Key offerings
            • 10.11 VersaCold Logistics Services
              • Exhibit 92: VersaCold Logistics Services - Overview
              • Exhibit 93: VersaCold Logistics Services - Product / Service
              • Exhibit 94: VersaCold Logistics Services - Key offerings
            • 10.12 XPO Logistics Inc.
              • Exhibit 95: XPO Logistics Inc. - Overview
              • Exhibit 96: XPO Logistics Inc. - Business segments
              • Exhibit 97: XPO Logistics Inc. - Key offerings
              • Exhibit 98: XPO Logistics Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 99: Inclusions checklist
                • Exhibit 100: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 101: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 102: Research methodology
                • Exhibit 103: Validation techniques employed for market sizing
                • Exhibit 104: Information sources
              • 11.5 List of abbreviations
                • Exhibit 105: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Cold Chain Logistics market growth will increase by $64799.95 million during 2022-2026.
              The cold chain logistics market is expected to grow at a CAGR of 11.98% during 2022-2026.
              Technavio has segmented the cold chain logistics market by type (Refrigerated warehouse and Refrigerated transportation) and geographic (North America).
              AGRO Merchants Group, Americold Realty Operating Partnership LP, ArcBest Corp., Burris Logistics, C.H. Robinson Worldwide Inc., COVENANT LOGISTICS GROUP INC., DB Schenker, Deutsche Post DHL Group, Expeditors International of Washington Inc., FedEx Corp., J.B. Hunt Transport Services Inc., KLLM Transportation Services, Knight Swift Transportation Holdings Inc., Lineage Logistics Holdings LLC, MARTEN TRANSPORT LTD., Prime Inc., Tippmann Group, Total Quality Logistics LLC, VersaCold Logistics Services, XPO Logistics Inc. are a few of the key vendors in the cold chain logistics market.
              North America will register the highest growth rate of 100% among the other regions. Therefore, the cold chain logistics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the cold chain logistics market growth are:
              • Increased adoption of sustainable initiatives
              • Introduction of blockchain technology in logistics industry
              The cold chain logistics market vendors should focus on grabbing business opportunities from the refrigerated warehouse segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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