Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 108.60 Million | USD 205.80 Million | 9.8% | 2021 |
FrequentlyAsked Questions
Growth of cold chain equipment market over ensuing years can be credited to storing of processed food & frozen products. In addition to this, altering lifestyle of individuals has resulted into rise in intake of food & drinks and this will prop up cold chain equipment demand over forecasting years.
According to Zion market research report, The global Cold Chain Equipment Market accrued earnings worth approximately 108.60 (USD Billion) in 2021 and is predicted to gain revenue of about 205.80 (USD Billion) by 2028, is set to record a CAGR of nearly 9.8% over the period from 2022 to 2028.
Asia Pacific sub-continent will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Cold Chain Equipment Market size in sub-continent over 2022-2028 can be due to increase in transport of temperature sensitive medicines across the sub-continent.
The key industry participants leveraging business space include AmeriCold Logistics LLC, Lineage Logistics, ColdEX Logistics, Preferred Freezer Services, LLC, Swire Cold Storage Pty. Ltd., Cloverleaf Cold Storage, A.B. Oxford Cold Storage Pty. Ltd., Bring Frigo S.L., Burris Logistics, Claus Sorensen Gruppen, and Columbia Colstor.
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