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The United States cold storage market is rapidly growing because the region is widely considered to be one of the major markets for technological development responsible for successful cold storage process management. The market is likely to bring the pharmaceutical industry growth opportunities. Inventory management of pharmaceutical products, for example, vaccines and medicinal products is a costly process, requiring adequate safety measures to protect the quality of the product. The possibility of destroying temperature-sensitive goods is significantly alleviated by advanced cold storage systems that offer positive features, including advanced refrigeration technologies and monitoring and tracing systems for various products, such as fruits and vegetables.
In July 2020, Wabash National Corporation (NYSE: WNC), one of the key players, introduced refrigerated inserts from Gruau to its fit-out solutions for cold storage transportation. The Gruau Insert is a complete cooling update solution that includes lightweight, low-profile modules designed to effectively control the climate whilst also maintaining the maximum space available and the exterior of the van. Such innovations in the cold storage technology by major players are expected to propel the growth of the industry in the United States.
Market Analysis by Warehouse Type, Construction Type, Temperature Type, and Application:
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The major key players in the United States cold storage market include companies like Americold Logistics LLC, Agro Merchant Group LLC, Burris Logistics, Inc., Lineage Logistics Holdings, LLC, United States Cold Storage, Inc., and Wabash National Corporation, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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