Cold Chain Logistics Market in North America to record USD 64.79 Bn incremental growth -- Driven by increased adoption of sustainable initiatives
NEW YORK, Sept. 23, 2022 /PRNewswire/ -- The "Cold Chain Logistics Market in North America by Type and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. According to the report, the market will observe an incremental growth of USD 64.79 billion, accelerating at a CAGR of 11.98% during the forecast period. The report considers various factors including the revenue generated by the vendors, customer base, fuel price fluctuations, GDP growth, urbanization, and other factors to estimate the size of the market. Download PDF Report Sample to understand the scope of our full report on the cold chain logistics market in North America.
The cold chain logistics market in North America is highly fragmented due to the presence of numerous international and regional vendors. The increasing demand for cold storage services in North America has attracted many new players into the market. Thus, to gain a market share, vendors operating in the market need to effectively manage the available resources. Besides, the increase in demand for packaged perishable food and dairy products in North America is fostering the growth of international players in the cold chain logistics market in North America.
The increased adoption of sustainable initiatives has been instrumental in driving the growth of the market. However, operational barriers in cold chain logistics increase costs might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market.
Technavio identifies 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. as some of the dominant players. Request Sample Report Here
The cold chain logistics market in North America is segmented as below:
The market growth in the refrigerated warehouse segment will be significant during the forecast period. The increase in the import and export of temperature-sensitive products and the growing demand for refrigerated warehouses and transportation facilities are driving the growth of the segment.
The market will observe considerable growth in the US owing to a rise in the import and export of perishable products and an increase in online grocery sales. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cold chain logistics market in North America report covers the following areas:
Cold Chain Logistics Market in North America 2022-2026: Key Highlights
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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