2024 Refrigerated Warehousing & Storage Industry Statistics Report

Refrigerated Warehousing & Storage - Market Size and Industry Forecast

The 2024 Refrigerated Warehousing and Storage Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Refrigerated Warehousing & Storage industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Refrigerated Warehousing & Storage - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Refrigerated Warehousing & Storage companies in the United States.

Refrigerated Warehousing & Storage Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesRefrigerated Warehousing & Storage
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Refrigerated Warehousing & Storage - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Refrigerated Warehousing & Storage - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Refrigerated Warehousing & Storage - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Warehousing services
Warehousing services - storage of goods
Warehousing services - handling of goods
Warehouse specialty services
Trans of clim-contld box & pallet gds except intermdl tank conts, rd
Other products
Trans of climate-controlled intermodal containers by road
Domestic freight transportation arrangement service

Refrigerated Warehousing & Storage - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%


Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations22%
Material Recording, Scheduling, Dispatching, and Distributing Workers15%
Shipping, Receiving, and Traffic Clerks6%
Shipping, Receiving, and Traffic Clerks6%
Stock Clerks and Order Fillers8%
Stock Clerks and Order Fillers8%
Transportation and Material Moving Occupations63%
Motor Vehicle Operators7%
Driver/Sales Workers and Truck Drivers7%
Material Moving Workers51%
Industrial Truck and Tractor Operators15%
Industrial Truck and Tractor Operators15%
Laborers and Material Movers, Hand36%
Laborers and Freight, Stock, and Material Movers, Hand27%
Packers and Packagers, Hand7%

Government Contracts

In the past, the federal government spent an annual total of $501,086,034 on the refrigerated warehousing & storage industry. It has awarded 93 contracts to 36 companies, with an average value of $13,919,056 per company.

Refrigerated Warehousing & Storage and Adjacent Industries - Top Companies

($ Millions)


Refrigerated Warehousing & Storage Industry Research
GeographyUnited States  
Publication DateJune 2024
Report FormatPDF Download  PDF

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