Cold Chain Tracking and Monitoring Trends and Forecast
The future of the global cold chain tracking and monitoring market looks promising with opportunities in the hardware and software markets. The global cold chain tracking and monitoring market is expected to reach an estimated $15.9 billion by 2030 with a CAGR of 14.1% from 2024 to 2030. The major drivers for this market are growing number of strict government regulations towards storage and shipment of pharmaceutical products, increasing desire for improved food quality and the necessity to minimize food wastage, and rising demand for generic pharmaceuticals.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Cold Chain Tracking and Monitoring by Segment
The study includes a forecast for the global cold chain tracking and monitoring by temperature, offering, logistics, and region
Cold Chain Tracking and Monitoring Market by Temperature [Shipment Analysis by Value from 2018 to 2030]:
• Frozen
• Chilled
Cold Chain Tracking and Monitoring Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
Cold Chain Tracking and Monitoring Market by Logistics [Shipment Analysis by Value from 2018 to 2030]:
• Storage
• Transportation
Cold Chain Tracking and Monitoring Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Cold Chain Tracking and Monitoring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cold chain tracking and monitoring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cold chain tracking and monitoring companies profiled in this report include-
• Orbcomm
• Sensitech
• Elpro-Buchs
• Berlinger & Co
• Monnit
• Controlant
Cold Chain Tracking and Monitoring Market Insights
Lucintel forecasts that frozen is expected to witness higher growth over the forecast period.
Within this market, hardware will remain the largest segment due to increasing necessity to monitor products sensitivity to temperature changes.
Europe is expected to witness highest growth over the forecast period due to rising need for refrigerated and frozen food items on the region.
Features of the Global Cold Chain Tracking and Monitoring Market
Market Size Estimates: Cold chain tracking and monitoring market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cold chain tracking and monitoring market size by temperature, offering, logistics, and region in terms of value ($B).
Regional Analysis: Cold chain tracking and monitoring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different temperature, offerings, logistics, and regions for the cold chain tracking and monitoring market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cold chain tracking and monitoring market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the cold chain tracking and monitoring market market size?
Answer: The global cold chain tracking and monitoring market is expected to reach an estimated $15.9 billion by 2030.
Q.2 What is the growth forecast for cold chain tracking and monitoring market?
Answer: The global cold chain tracking and monitoring market is expected to grow with a CAGR of 14.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the cold chain tracking and monitoring market?
Answer: The major drivers for this market are growing number of strict government regulations towards storage and shipment of pharmaceutical products, increasing desire for improved food quality and the necessity to minimize food wastage, and rising demand for generic pharmaceuticals.
Q4. What are the major segments for cold chain tracking and monitoring market?
Answer: The future of the cold chain tracking and monitoring market looks promising with opportunities in the hardware and software markets.
Q5. Who are the key cold chain tracking and monitoring market companies?
Answer: Some of the key cold chain tracking and monitoring companies are as follows:
• ORBCOMM
• Sensitech
• Elpro-buchs
• Berlinger & Co
• Monnit
• Controlant
Q6. Which cold chain tracking and monitoring market segment will be the largest in future?
Answer: Lucintel forecasts that frozen is expected to witness higher growth over the forecast period.
Q7. In cold chain tracking and monitoring market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period due to rising need for refrigerated and frozen food items on the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cold chain tracking and monitoring market by temperature (frozen and chilled), offering (hardware and software), logistics (storage and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Cold Chain Tracking and Monitoring Market, Cold Chain Tracking and Monitoring Market Size, Cold Chain Tracking and Monitoring Market Growth, Cold Chain Tracking and Monitoring Market Analysis, Cold Chain Tracking and Monitoring Market Report, Cold Chain Tracking and Monitoring Market Share, Cold Chain Tracking and Monitoring Market Trends, Cold Chain Tracking and Monitoring Market Forecast, Cold Chain Tracking and Monitoring Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.