PUBLISHER: Grand View Research | PRODUCT CODE: 1908167
PUBLISHER: Grand View Research | PRODUCT CODE: 1908167
The U.S. cold storage market size was estimated at USD 42.09 billion in 2024 and is projected to reach USD 135.83 billion by 2033, growing at a CAGR of 13.8% from 2025 to 2033. The growth can be attributed to several critical factors, such as technological advancements in packaging, processing, and storage of perishable food products and temperature-sensitive items.
The market has also benefited significantly from the stringent government regulation of the production and supply of temperature-sensitive products. The industry is poised for unprecedented growth in the next seven years owing to growing organized retail sectors in the emerging economies, which will create opportunities for the service providers over the forecast period.
Growing demand for connected trucks, high-cube refrigerated trailers, and vehicles that facilitate cross-product transportation is likely to drive demand for cold chain services. The ever-increasing health consciousness among consumers has inspired healthier eating habits and led to a rising demand for high-quality food packaging and storage solutions. Outsourcing services have been gaining popularity among businesses owing to factors such as increasing competition, a rapid rise in operational costs, and stringent quality standards. Numerous benefits of outsourcing these services, such as reduced operational costs, improved flexibility, higher efficiency, and expertise, have also encouraged its widespread adoption.
Service providers in the U.S. cold storage industry have enhanced their efforts to protect temperature-controlled products from potential tampering or malicious actions. Securing the facility encompasses not only refrigerated warehouses but also employees and visitors as well. This has resulted in increasing demand for the adoption of monitoring components such as telematics and telemetry devices, sensors, data loggers, and networking devices. Such components significantly improve the performance and efficiency of refrigerated storage and transportation.
Industry players are relying on RFID and Automatic Identification and Data Capture (AIDC) for enhancing the efficiency of the order fulfillment process. The growing penetration of Bluetooth technology and RFID sensors, across the logistics industry, is expected to spur the adoption of AIDC technology. Furthermore, cold storage operators focus on maximizing their throughput and order accuracy by using robotics applications, high-speed conveyor systems, and automated materials handling equipment. These technological advancements are in turn expected to boost the growth of the market over the forecast period.
U.S. Cold Storage Market Report Segmentation
This report forecasts revenue growth and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. cold storage market report based on storage, temperature range, and application.