Product ID: UCMIG20I2167
Report ID:
UCMIG20I2167 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2019, the global cold chain equipment market reached a significant valuation of USD 8.38 billion, emphasizing its crucial role in ensuring the safe transportation and storage of temperature-sensitive products. Over the forecast period from 2020 to 2027, the market is projected to experience substantial growth with a compound annual growth rate (CAGR) of 19.0%. This growth can be attributed to factors such as the increasing demand for perishable goods, advancements in cold chain technologies, and the growing emphasis on quality control and compliance with stringent regulations in the food and pharmaceutical industries. The market expansion underscores the importance of efficient cold chain systems in maintaining product integrity and meeting the rising global demand for temperature-controlled logistics.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20I2167