Cold Chain Logistics Equipment Market Size - By Equipment Type, By Temperature Range, By Service Type, By Application, By End Use Industry, By Distribution Channel, Growth Forecast, 2025 - 2034

Cold Chain Logistics Equipment Market Size

The cold chain logistics equipment market was estimated at USD 89.5 billion in 2024. The market is expected to grow from 94.3 billion in 2025 to USD 179.8 billion in 2034, at a CAGR of 7.4% according to latest report published by Global Market Insights Inc.

The global demand for temperature-sensitive products is soaring. This includes pharmaceuticals, vaccines, biologics, fresh produce, dairy, seafood, and frozen foods. This demand has led to fast-growing interest in controlled-temperature logistics equipment. In the pharmaceutical sector, biologics and mRNA vaccines require ultra-low temperatures for storage and transportation, putting pressure on logistics service providers to implement improvements to their operations.
 

The same growth can be seen in consumer demand for fresh and/or organic food products, which is especially pronounced among urban consumer groups. Therefore, increased investments in refrigerated storage and transport of temperature-sensitive food products have increased as logistics providers seek to maintain product integrity from farm/producers to grocery shelves.
 

In addition, globalization has made perishables available across national borders requiring longer and more complex supply chains. As a result, temperature-controlled logistics are increasingly needed to meet consumer demand for perishable goods. This has created a greater need for cold chain logistics solutions that can adequately address the requirements for cold chain logistic systems by maintaining temperature controls throughout the supply chain.
 

With the increasing demand for temperature-sensitive products, manufacturers are designing refrigerated equipment that is more energy efficient, rapid monitoring systems, and handling equipment that is more automated to meet the adequate standard of quality and safety which is required in the logistics of temperature-sensitive products. This trend is projected to continue in the future and temperature-sensitive products will remain part of the driving force for continued growth in the cold chain logistics equipment sector of the industry.
 

Cold Chain Logistics Equipment Market Trends

The cold chain equipment industry is changing quickly. Increasing demand for temperature sensitive products, e-commerce growth, and advanced technology are driving changes. Companies are focusing on food safety and pharmaceutical effectiveness, sustainability, energy consumption, and efficiency by investing in smarter, more energy-efficient cold chain solutions. Trends are moving toward modular and mobile storage, automation, and real-time monitoring to enhance efficiency and minimize loss. The cold chain ecosystem is becoming more resilient, responsive, and sustainable.
 

• Cold chain logistics is increasingly taking advantage of IoT-enabled sensors, data loggers, and cloud-based systems to monitor temperature, humidity, and location in real-time. All this visibility can prevent spoilage and wastage, ensure regulatory compliance, and allow predictive maintenance to minimize downtime and operational risk.
   
• Demand for flexible and scalable cold storage is increasing in a variety of locations, including remote locations or during emergency events, and when seasonal demand spikes. Modular cold rooms and mobile refrigerators enable quick setup and conversion under changing circumstances, providing flexibility for dynamic supply chain needs, and last-mile delivery.
   
• Environmental issues and regulations are causing companies to consider green technology. These technologies include natural refrigerants (such as CO2 and ammonia), solar powered refrigeration, and energy efficient insulation materials. These technologies reduce carbon footprints and costs while supporting global climate goals.
   
• To address workforce shortages and increase productivity, cold chain operators are also increasingly implementing automated storage and retrieval systems (AS/RS), robotic palletizers, and automated guided vehicles (AGVs). These technologies in cold chain environments enable increased throughput, less human error, and a controlled environmental condition capability.
   

Cold Chain Logistics Equipment Market Analysis

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Based on equipment type, the market is divided into reefer containers and transport equipment, cold storage infrastructure, monitoring and control systems and refrigeration equipment. In 2024, reefer containers and transport equipment held the major market share, generating a revenue of USD 39 billion.
 

• Reefer containers, which are also called refrigerated shipping containers, have a growing demand due to the globalization of the trade of perishable goods including seafood, fruits, vegetables, dairy, and pharmaceuticals. Reefer containers are designed to maintain certain temperature ranges during long-haul transport via sea, rail, and road. Their ability to transfer from one mode to another while preserving temperature makes these containers an essential part of international cold chain logistics.
   
• Reefer containers of today`s era are now equipped with advanced technology including GPS tracking in real time, monitoring temperature, and automated alerts for temperature deviations. These features allow the logistical path to monitor the cargo conditions while in transport thus minimizing spoilage and meeting high durability standards.
   
• To support the increased demand for temperature-controlled logistics many companies are burgeoning refrigerated fleets, including refrigerated trucks and trailers, refrigerated shipping containers, and fleets that find sustainable trucks electrified and hybrid to minimize operational costs and emissions. Additionally, refrigerated last-mile delivery trucks are on the rise, largely driven by ecommerce and Q-commerce platforms.

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Based on applications, the cold chain logistics equipment market is segmented into food & beverage, pharmaceuticals & healthcare and chemicals & industrial. The food & beverage segment held around 66% of the market share in 2024.
 

• The worldwide transition into considered healthier lifestyles and diet choices has resulted in increased demand for fresh fruits and vegetables, dairy, seafood, and ready-to-eat foods, to name a few. Perishable items like these need careful temperature control, as the items are deteriorating; the contamination of food increases when the temperature is not regulated. This has led food producers, retailers, and logistics companies to invest in cooling facilities, refrigerated road vehicles, and temperature sensing equipment, from production (farm stage) to retail and at home.
   
• The increase in urban population and accelerating lifestyles of the modern world have also increased need for processed, frozen, and convenience foods. Convenience foods are usually distributed under multi-temperature conditions, which adds complexity to cold chain logistics. This has led logistics companies to integrate multi-compartment refrigerated vehicles, automated cold storage, and energy-efficient refrigeration technologies that can stock, and handle food distributed within multiple product categories on one cargo vehicle.
   

Based on the distribution channel, the cold chain logistics equipment market is segmented into direct and indirect. In 2024, indirect distribution channel held a major market share.
 

• Indirect distribution channels, whether third-party distributors, dealer outlets, or logistics service providers, allow a manufacturer to pursue a wider customer range without requiring direct investment in infrastructure in all the areas it seeks to serve. These intermediaries typically have well-established networks, local market insights, and transportation and logistical capabilities to expedite delivery of the cold chain equipment.
   
• Sales of cold chain equipment through indirect channels will allow a company to reduce capital investment and a large part of the operational burden associated with selling the product through its own sales, distribution, and service networks. Distributors and resellers will often manage warehousing, transportation, installation, and after-sale service that will free up a manufacturer mentally and operationally to concentrate on product development and innovation, and that distinction allows them to concentrate on their core capabilities.

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In 2024, the U.S dominated the North America cold chain logistics equipment market, accounting for around 78.2% and generating around USD 24.9 billion revenue in the same year.
 

• With its sophisticated infrastructure, rigorous regulations, and high appetites for temperature-sensitive goods, the United States is a key player in the global market. Significant investments in cold storage facilities, refrigerated transport, and smart monitoring technologies have stemmed from the country's robust food and pharmaceutical industries, along with a burgeoning e-commerce sector.
   
• The cold chain logistics equipment market, with the U.S. leading and Canada and Mexico supporting, remains a dominant market within North America. The region has a robust and mature supply chain ecosystem, high consumer spending on frozen and fresh food, and a strong emphasis on pharmaceutical distribution in this sector. Trade incentives and appropriate cross-border logistics provide the region with greater capacity to reliably and efficiently manage complex cold chain operations.
   

Europe cold chain logistics equipment market, UK leads the with 21.1% share in 2024 and is expected to grow at 6.7% CAGR during the forecast period.
 

• Europe features some of the most stringent food safety and pharmaceutical regulations globally, resulting in significant investments in cold chain operations and equipment. Validating EU compliance with rules such as the General Food Law and Good Distribution Practice (GDP) for pharmaceuticals demands sophisticated temperature monitoring, traceability, and quality control systems.
   
• European nations are at the forefront of adopting sustainable cold chain solutions, which are largely driven by their ambitious climate goals and environmental policies. There is increasing pressure to reduce greenhouse gases through energy-efficient equipment, natural refrigerants, and solar-powered cold storage systems. Governments and the private sector are both investing into circular economy models and green logistics, making Europe the global epicenter for eco-friendly cold chain technology innovation.
   

The Asia Pacific leads the cold chain logistics equipment market; China leads with share of around 22.5% in 2024 and is anticipated to grow with a CAGR of around 11.9% from 2025 to 2034.
 

• The demand for perishable items in the Asia-Pacific region is on the rise with urbanization, disposable income increases, and changing diets. The demand for fresh produce, dairy, seafood, and frozen foods is increasing consumption in China, India, and Southeast Asian markets. These changes will require significant cold chain investments in cold storage, refrigerated transportation, and temperature-controlled warehouses from both public and private sectors to support the evolving urban population needs and modern retail formats.
   
• Governments in the region are also supporting the development of cold supply chains via public-private partnerships, subsidies, and various policies to manage food waste and increase food security. In addition, and maybe more pertinent, is that the growing organized retail, pharmaceutical exports, and cross-border trade are driving the need for standardization and cold supply chains that are efficient and effective. The region is also becoming a source of manufacturing and exporting cold supply chain equipment and many local players are innovating to support both domestic and export demands.
   

Middle East and Africa cold chain logistics equipment markets are growing at a CAGR of 6.6% during the forecast period.
 

• The Middle East and Africa (MEA) region is seeing increased cold chain logistics demand driven by population growth, urbanization, and the need for imported perishable goods. Many countries in the Middle Eastern region heavily rely on food imports. To ensure quality and minimize food spoilage, there needs to be cold storage and transport capacity in place. The healthcare sector is also expanding, specifically those involved in thermally regulated distribution of vaccines and biologics, which is stimulating cold chain equipment investments.
   
• Efforts to improve supply chain efficiency through mechanisms such as national food security programs, and public and private partnerships are creating opportunities for cold chain equipment providers. However, some challenges in the region persist, such as high overall energy costs and a limited amount of skilled labor. The potential in the MEA region remains underdeveloped, and due to the region's location and context of global trade potential, it is an emerging area of growth focus for cold chain logistics.
   

Cold Chain Logistics Equipment Market Share

Carrier Transicold are leading with 10% market share. Carrier Transicold, China International Marine Containers, Daikin Industries, Emerson Electric, and Thermo King collectively hold around 30%, indicating moderately fragmented market concentration. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broad customer base, and strengthen their market position.
 

Carrier Transicold is a subsidiary of Carrier Global Corporation and is an industry leader in transport refrigeration and cold chain solutions. With over 50 years of experience, Carrier offers fully integrated cold chain solutions that feature a full range of container refrigeration systems, trailer and truck refrigeration units, and cold chain visibility tools. Carrier is leading the way in sustainable, energy efficient solutions, and product innovation, helping customers further reduce waste, and keep temperature-sensitive goods safe as these goods reach their destination around the world.
 

Thermo King has been a pioneer in transport refrigeration and is a leader in sustainable climate control solutions for mobile applications. Thermo King is part of Trane Technologies and has a full suite of refrigeration systems for mobile refrigerated transport whether by truck, trailer, rail, marine, or air. Thermo King is known for its electric and hybrid refrigeration unit, while keeping in compliance with evolving regulations on decarbonization. A robust dealer network around the globe provides customers with a commitment to service and support for their cold chain operations no matter where they travel.
 

Cold Chain Logistics Equipment Market Companies

Major players operating in the cold chain logistics equipment industry are:
 

• Bureida Trading & Refrigeration
• Carrier Transicold (United Technologies)
• China International Marine Containers
• Coldstores Group of Saudi Arabia (CGS)
• Daikin Industries
• DANA Steel
• Danfoss
• Emerson Electric (Copeland)
• Johnson Controls
• ORBCOMM
• Rivacold
• Thermo King (Trane Technologies)
• Thermodynamics
• TSSC
• Zanotti spa
• Zhengzhou Kaixue Cold Chain
   

Johnson Controls is the world's most comprehensive provider of building technologies and industrial refrigeration, having a strong reach in the cold chain through its PENN and FRICK brands. Its broader refrigeration business includes the design, manufacture and service of controls, compressors, and monitoring systems for food processing, food storage and food distribution. Johnson Controls is company that is known for smart, sustainable technology solutions that combine IoT and automation to improve energy efficiency, food safety, and reliability of operations across commercially and industrially in cold chain applications.
 

Emerson Electric is now an independent brand that focuses on refrigeration and cold chain technology. With a history spanning over 100 years, Copeland provides compressors, condensing units, and IoT-enabled monitoring systems that enable refrigerated food retailing, healthcare, marine, and transport. Copeland's products enable energy efficiency and low-GWP solutions that advance temperature control, traceability, and sustainability throughout the cold chain. Their solutions can be found in grocery stores, wholesale distribution centers, and refrigerated transport.
 

Cold Chain Logistics Equipment Market News

• In September 2025, Emerson Electric launched its newest range of cold chain solutions in efficiency, sustainability and product quality. The highlight of this product launch is Scout AI, which is a digital tool providing real-time diagnostics, predictive maintenance and remote monitoring. These innovations are designed to help businesses reduce energy consumption and help eliminate spoilage of temperature-sensitive products being delivered to market in market quality.
   
• In May 2025, Thermo King revealed its new electric and hybrid transport refrigeration units (TRUs) at ACT Expo 2025, including the A-500e, a full electric unit for long-haul trailers, and a hybrid-electric model, the Precedent S-750i. The new units will help reduce emissions and fuel consumption while increasing productivity. Thermo King displayed its e-series electric units for different classes of trucks, as well as its enhanced TracKing telematics platform, which will help with real-time monitoring and predictive maintenance emphasizing Thermo King's commitment to sustainable and connected cold chain solutions.
   
• In February 2025, Carrier Transicold launched Vector S 15, the next generation trailer refrigeration unit that is designed to raise the standard for total cost of ownership of cold chain logistics. The new refrigeration unit features Carrier's E-Drive all-electric technology, which eliminates mechanical transmissions and belts resulting in less maintenance and improved reliability. The new Vector S 15 has been designed for fuel efficiency, low emissions and smart connectivity, and is ideally suited for fleets seeking to comply with a growing number of environmental regulations while maintaining operational costs.
   
• In December 2024, AHT (Daikin Industries) introduced KIGALI XL, a plug-in cooler and freezer that raises the bar for energy efficiency and sustainability in commercial refrigeration. The KIGALI XL has a larger display area to improve product visibility and well thought out interior volumes that consume only small amounts of energy. A natural refrigerant, R290, is used to comply with the international environmental standards and the design can be configured to provide installation flexibility regardless of available retail space. The KIGALI XL launch represents AHT's dedication to eco-friendly cooling technologies and innovation.
   

The cold chain logistics equipment market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:

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Market, By Equipment Type

• Reefer containers and transport equipment
  • Standard reefer containers (10ft, 20ft, 40ft)
  • Refrigerated trucks and trailers
  • Specialized offshore containers (DNV certified)
  • Mobile refrigeration units 
• Cold storage infrastructure
  • Modular cold rooms
  • Temperature-controlled warehouses
  • Blast freezing equipment
  • Walk-in coolers and freezers
• Monitoring and control systems
  • IoT-enabled sensors
  • Data loggers and recorders
  • SCADA monitoring systems
  • Blockchain traceability platforms
• Refrigeration equipment
  • Centralized refrigeration systems
  • Condensing units
  • Compressors and evaporators
  • Heat exchangers

Market, By Temperature Range

• Frozen storage (-25°C to -18°C)
• Chilled storage (0°C to +8°C)
• Cool storage (+8°C to +15°C)
• Ambient plus (+15°C to +25°C)
• Ultra-low temperature (-70°C to -40°C)

Market, By Service Type

• Storage services
• Transportation services
• Value-added services
  • Blast freezing
  • Labeling and packaging
  • Inventory management
  • Quality control

Market, By Application

• Food & beverage
  • Fresh produce (fruits, vegetables)
  • Dairy products
  • Meat and seafood
  • Frozen foods
  • Processed foods
• Pharmaceuticals & healthcare
  • Vaccines and biologics
  • Temperature-sensitive medicines
  • Blood products
  • Medical devices
• Chemicals & industrial
  • Specialty chemicals
  • Industrial materials
  • Electronics components

Market, By End Use Industry

• Logistics & 3PL providers
• Food manufacturers
• Pharmaceutical companies
• Retail chains
• E-commerce platforms
• Government & healthcare institutions 

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE