Procurement Market Intelligence Report

Refrigerated Storage Services
Sourcing Guide & Market Intelligence

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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

Global Refrigerated Storage Services Procurement Trends

Discover the top international trends affecting procurement in the global Refrigerated Storage Services market.

Warning Trends

United States announces additional tariffs on China

  • In February 2025, the United States announced 10.0% tariffs on imports from China. The tariffs took effect on February 4, 2025.
  • The tariff plan applies to all merchandise imported for consumption and applies in addition to other duties and fees that are in place, with limited exceptions.
  • In response, China announced a 15.0% tariff on products such as coal and natural gas, as well as a 10.0% tariff on crude oil, agricultural machinery, pickup trucks, and large cars. The tariff executive orders indicate retaliatory tariffs could lead to further escalation in rates.
  • Providers in this market rely on inputs often sourced from China. As such, ProcurementIQ will continue to monitor developments in this space and update analysis accordingly.

United States postpones plans for sweeping tariffs on Canada and Mexico

  • In February 2025, the United States announced 25.0% tariffs on imports from Canada and Mexico.
  • Though initially set to take effect on February 4, 2025, the implementation of tariffs on Canada and Mexico has been postponed 30 days to allow for further negotiation.
  • The tariff plan initially proposed by the US applies to all merchandise imported for consumption and applies in addition to other duties or fees that are in place, with limited exceptions.
  • Providers in this market rely on input costs often sourced from an affected country. As such, ProcurementIQ will continue to monitor developments in this space and update analysis accordingly.

Global Refrigerated Storage Services Market - Suppliers by Region

Country/RegionNumber of Suppliers
#1Europe2,290
#2United States1,260
#3Oceania & Southeast Asia1,120

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  • Canada
  • United States
  • Mexico
  • Latin America
  • South America
  • India
  • China
  • Europe
  • Africa & Middle East
  • Australi & New Zealand
  • Oceania & Southeast Asia

Geography Drilldown - US

Average Cost of Refrigerated Storage Services

United States
2025 Market Pricing
$799.00 to $X,XXX.XX
per 20-foot refrigerated storage container per month

Average 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.

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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)

1.2%

Compound Annual Growth Rate
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.

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

Suppliers often charge buyers a one-time in-and-out fee per pallet. These fees cover the cost of removing the goods from the buyer’s hands and placing them in storage, as well as the cost of removing the goods from storage once the buyer needs them.

Billed During

Handling

Additional fees that buyers will often encounter are sorting fees, fees for pallets (if the buyer does not supply their own), and charges for conducting inventory reports.

Insurance

Since many buyers use refrigerated storage to store goods that can degrade with improper storage, such as food products, they risk losing potential revenue if they become unfit to sell. Thus, many buyers purchase insurance that guarantees reimbursement should products be ruined during storage.

Unforeseen

Delays

Some suppliers may impose hidden fees if incomplete documentation is provided; they may also charge buyers if their drivers are late to drop-off appointments or leave trash or empty pallets on loading docks.

Buyer Power in Procurement Negotiations

In 2025, buyer power amounts to 0.3 in the United States. Buyer power is most positively impacted by Price Driver Volatility. 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
0.3

Buyer power forecasts: your glimpse into the future

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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 United States Cold Storage Inc., Tippmann Group and Nor-Am Cold Storage Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more

SupplierOperational SizeHeadquartersNumber of EmployeesMarket Share (%)Market Share Performance (3yr trend)Total Revenue ($ million)Profit Level (%)Risk Level
Americold Realty TrustGlobalAtlanta, GA>10,00010-15
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Xpo Logistics, Inc.GlobalGREENWICH>10,0005-10
Lineage Logistics Holdings, LlcInternationalNovi, MI1,001-10,0005-10
United States Cold Storage Inc.NationalCamden, NJ1,001-10,000< 5
Tippmann GroupNationalFort Wayne, IN501-1,000< 5
Nor-Am Cold Storage IncUS< 5
Midwest Refrigerated Services Inc.US< 5
Honeyville Inc.NationalOgden, UT251-500< 5
Henningsen Cold Storage Co.NationalHillsboro, OR251-500< 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 15.2% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2024 and 2025. To understand cost forecasts for 2026 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 is a private company operating nationally in the professional, scientific and 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 States... 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 . The company's offerings include refrigerated storage services. Founded in 2013, the company is currently headquartered in United States of America. Subscribe to learn more

Nor-Am Cold Storage Inc

Nor-Am Cold Storage Inc. is a private company operating . The company's offerings include refrigerated storage services. Founded in 2013, the company is currently headquartered in United States of America. 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.

KPILevel of Importance (1-5)MeasurementsKey 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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