Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Refrigerated Warehousing & Storage

Market Size & Industry Statistics

The total U.S. industry market size for Refrigerated Warehousing & Storage: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Refrigerated Warehousing & Storage market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Refrigerated Warehousing & Storage industry faces some significant changes due to the rise of e-commerce, technology advancements, and increasing demand for fresh and frozen foods. Following are the key trends affecting the industry:

1. Growing demand for temperature-controlled warehousing: The demand for temperature-controlled warehouses is increasing due to the rising requirement for safe and efficient storage of perishable products like food and pharmaceuticals.

2. Technological advancements: The implementation of automated systems, RFID (Radio Frequency Identification), and IoT (Internet of Things) technology has revolutionized the refrigerated warehousing industry.

3. E-commerce boom: With the rise of e-commerce, customers are now ordering food and other perishables online, which has led to a demand for faster, more efficient supply chain solutions.

4. Environmental concerns: The need for reducing carbon emissions and energy consumption has resulted in an increased focus on sustainable practices, such as the adoption of renewable energy sources.

5. Globalization and cross-border trade: Globalization has resulted in increased cross-border trade in the refrigerated warehousing industry, requiring advanced logistics solutions for managing temperature-controlled transport.

6. Quality and safety regulations: Food safety regulations and quality standards have become more stringent, leading to higher compliance costs and a growing market for third-party certification services.

Product & Services Breakdown

Research products and services in the Refrigerated Warehousing & Storage industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Drayage Services

Warehousing Services

Handling Services For Goods

Storage Services For Goods

Packing Services For Goods

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Refrigerated Warehousing & Storage company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Refrigerated Warehousing & Storage industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Refrigerated Warehousing & Storage measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations 11%
Material Recording, Scheduling, Dispatching, and Distributing Workers 6%
Transportation and Material Moving Occupations 75%
Motor Vehicle Operators 5%
Driver/Sales Workers and Truck Drivers 5%
Material Moving Workers 67%
Industrial Truck and Tractor Operators 17%
Industrial Truck and Tractor Operators 17%
Laborers and Material Movers 50%
Laborers and Freight, Stock, and Material Movers, Hand 22%
Stockers and Order Fillers 22%
Source: Bureau of Labor Statistics

Refrigerated Warehousing & Storage Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Refrigerated Warehousing & Storage industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Refrigerated Warehousing & Storage industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Refrigerated Warehousing & Storage industry.

Government Contracts

In 2022, the federal government spent a total of $3,089,698,516 on Refrigerated Warehousing & Storage. It has awarded 90 contracts to 45 companies, with an average value of $68,659,967 per company.   

Most Recent Contracts Date Total Award Amount
7447 Dresser Dr Ne
Rochester, MN
Jun 28, 2023$3,500

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