Procurement Market Intelligence Report
Refrigerated Storage Services
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Refrigerated Storage Services Global Overview
Definition
Summary
Providers of refrigerated storage operate warehousing and storage facilities with refrigeration and freezing capabilities. Temperature-controlled services include blast freezing, tempering, and atmosphere storage services—suppliers of refrigerated storage store perishable goods, such as food and furs for trade.
This Report Includes:
- Perishables Storage
- Food Storage
Not in this Report:
- Farm commodities storage
- Fur garments storage
- Refrigerated trucking services
- Packaging services
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Global Refrigerated Storage Services Procurement Trends
Discover the top international trends affecting procurement in the global Refrigerated Storage Services market.
Warning Trends
Aluminum and steel tariffs are extended to the metals content of imported appliances
- On June 3rd, the Trump Administration announced an increase of aluminum and steel tariffs to 50.0%, up from the 25.0% rate imposed a few months prior.
- The administration has since introduced plans to apply these tariffs to the aluminum and steel content of imported appliances starting June 23rd.
- Under the new rule, imported appliances and appliance components will face 50.0% tariffs on the value of their aluminum and steel content. Aluminum and Steel account for more than a third of the total value of the average appliance, meaning this rule change will significantly increase the average import fees on appliances.
- In response to this rule change, appliance retailers, such as Home Depot, have indicated they will rely more heavily on domestic manufacturers to avoid the tariffs, creating a risk of shortages and long order backlogs. Alternatively, Walmart’s CEO has indicated the company will raise prices to compensate for the higher appliance costs.
- While differing tariff response strategies will result in varying supply chain and price impacts, the Yale Budget Lab projects machinery and equipment prices to rise by 9.4% on average due to this policy.
Global Refrigerated Storage Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 2,290 |
| #2 United States | 1,260 |
| #3 Oceania & Southeast Asia | 1,120 |
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Geography Drilldown - US
Average Cost of Refrigerated Storage Services
United States
2026 Market Pricing$799.00 to $X,XXX.XX
per 20-foot refrigerated storage container per monthAverage Price
Prices in the Refrigerated Storage Services market range from $799.00 to $X,XXX.XX, depending on Climate Requirements, Product Size, Online Monitoring Capabilities and Cooling Technologies Used. For example, lower prices are associated with Standard refrigerator temperatures, whereas higher prices are associated with Near freezing storage temperatures.
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Refrigerated Storage Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Refrigerated Storage Services market, prices in the US have grown 1.2% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Cost Analysis - Total Cost of Ownership for Refrigerated Storage Services
Total cost of ownership is Medium in the Refrigerated Storage Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Implementation
Billed During
Handling
Insurance
Unforeseen
Delays
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to 0.2 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Recent Price Volatility. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
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- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Tank & Refrigeration Trucking Companies
- Refrigeration Equipment Wholesalers
- Electronic Controls Inventory Management Companies
2nd
Tier Suppliers
- Refrigerated Truck Manufacturers
- Heating & Air Conditioning Equipment Manufacturers
Biggest Refrigerated Storage Services Suppliers in the US by Revenue
The largest Refrigerated Storage Services vendors by revenue in the US are Lineage Logistics Holdings, Llc, Henningsen Cold Storage Co. and Honeyville Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Americold Realty Trust | Global | Atlanta, GA | >10,000 | 10-15 | ||||
| Xpo Logistics, Inc. | Global | GREENWICH | >10,000 | 5-10 | ||||
| Lineage Logistics Holdings, Llc | International | Novi, MI | 1,001-10,000 | 5-10 | ||||
| Burris Logistics | National | Milford, DE | 1,001-10,000 | < 5 | ||||
| Henningsen Cold Storage Co. | National | Hillsboro, OR | 251-500 | < 5 | ||||
| Honeyville Inc. | National | Ogden, UT | 251-500 | < 5 | ||||
| Midwest Refrigerated Services Inc. | US | < 5 | ||||||
| Nor-Am Cold Storage Inc. | US | < 5 | ||||||
| Tippmann Group | National | Fort Wayne, IN | 501-1,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Refrigerated Storage Services market is 17.5% and rising. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
The average vendor risk in the market for refrigerated storage services is low, as suppliers tend to have high-profit levels that have been rising over the past three years. Vendors face low operating costs as typically few purchases are required, contributing to their overall lowered risk levels.
The top four refrigerated storage companies command less than 30.0% of total market revenue, indicative of low market share concentration. Low market share concentration promotes price-based competition between vendors in the market to differentiate themselves from competitors and attract business, increasing buyer power.
Air conditioning, refrigeration equipment wholesalers, industrial gas wholesalers, and electronic controls management suppliers do not experience much volatility in their supply chains. This reduces the risk passed to refrigerated storage service providers, leading to a moderate supply chain risk.
The United States is a net importer of commercial refrigerators and freezers, meaning they import more than they export in commercial refrigerators and freezers. While buyers benefit from wider availability of suppliers and cost-competitive product options, contracting with or procuring from overseas suppliers may contribute to longer lead times due to transport times.
Supplier Information
Americold Realty Trust
Americold Realty Trust is a public company operating globally. The company's offerings include refrigerated storage services. Founded in 1903, the company is currently headquartered in Atlanta, Georgia, United States of America with an estimated 15484 employees. Subscribe to learn more
Lineage Logistics Holdings, Llc
Lineage Logistics Holdings, Llc is a private company operating internationally. The company's offerings include refrigerated storage services. Founded in 2012, the company is currently headquartered in Novi, Michigan, United States of America with an estimated 7200 employees. Subscribe to learn more
Xpo Logistics, Inc.
XPO Logistics, Inc. is a global provider of freight transportation services. It organizes its business into two segments: the North American Less-Than-Truckload segment, which provides geographic density and day-definite domestic and cross-border services throughout the US, Mexico, Canada, and the Caribbean,... Subscribe to learn more
Burris Logistics
Burris Logistics, Inc. is a private company operating nationally in the professional, scientific & technical services sector. The company's offerings include refrigerated storage services and third-party logistics services. Founded in 1925, the company is currently headquartered in Milford, Delaware, United... Subscribe to learn more
Henningsen Cold Storage Co.
Henningsen Cold Storage Co. is a private company operating nationally. The company's offerings include refrigerated storage services. Founded in 1923, the company is currently headquartered in Hillsboro, Oregon, United States of America with an estimated 375 employees. Subscribe to learn more
Honeyville Inc.
Honeyville Inc. is a private company operating nationally. The company's offerings include farm products warehousing and refrigerated storage services. Founded in 1951, the company is currently headquartered in Ogden, Utah, United States of America with an estimated 375 employees. Subscribe to learn more
Midwest Refrigerated Services Inc.
Midwest Refrigerated Services Inc. is a private company operating regionally. The company's offerings include refrigerated storage services. Founded in 1930, the company is currently headquartered in Elkhorn, Wisconsin, United States of America with an estimated 375 employees. Subscribe to learn more
Nor-Am Cold Storage Inc.
Nor-Am Cold Storage Inc. is a private company operating regionally. The company's offerings include refrigerated storage services. Founded in 1999, the company is currently headquartered in Le Mars, Iowa, United States of America with an estimated 750 employees. Subscribe to learn more
Tippmann Group
Tippmann Group is a private company operating nationally. The company's offerings include refrigerated storage services. Founded in 1986, the company is currently headquartered in Fort Wayne, Indiana with an estimated 750 employees. Subscribe to learn more
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Procurement Management KPIs for the Refrigerated Storage Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Response Time and Customer Complaints. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Temperature control and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Response Time |
|
Time to respond to outreach via email Time to respond to outreach via phone |
Buyers should assess how attentive suppliers are to buyer outreach to gauge whether the vendor is providing high-quality customer service. Poor response times may lead to delays for buyers, as vendors may delay in responding to requests to retrieve items. Buyers should weigh response times for email and phone contact differently, as well as the severity of the issue being presented to the supplier. |
| Customer Complaints |
|
Number of complaints towards supplier per week Breakdown of complaints against supplier and severity of complaints |
Buyers should keep track of complaints they issue against the supplier, as numerous complaints may warrant a change in vendors or contract renegotiation. Buyers should assess the severity of complaints, as many minor trivial issues do not warrant changing vendors. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Customer Service
How do you track customer satisfaction?
Have you had any major complaints from past clients? How have you dealt with these complaints?
Reliability
What actions do you take in case of a power outage or other emergency to save goods in inventory?
Have you had problems with temperature control in your warehouse? If so, how did you fix these problems?
Geographic Coverage
Does your company provide services on a national level or a local level? What markets do you primarily serve?
What makes your location more strategic than your competitors'?
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Refrigerated Storage Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their business-specific needs for refrigerated storage services.
Buyers should provide information regarding the reason behind requesting refrigerated storage services.
Statement Of Need
Buyers should provide information regarding the products stored in refrigerated warehousing units.
Buyers should provide a breakdown of the needs for each product being stored. For example, buyers should provide details regarding the temperature and humidity at which each product should be stored.
Project Budget
Buyers should state their annual or monthly budget for these services.
If additional services are requested, buyers should provide a budget breakdown for each service.
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Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
