Global Cold Storage Construction Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 219
- CATEGORY
- Construction & Manufacturing
Market Overview:
The global cold storage construction market size was valued at USD 9.7 billion in 2021 and expected to grow at a CAGR of 10.8% during the forecast period.
The global cold storage construction market refers to the construction and installation of refrigerated storage facilities used for storing perishable goods such as fruits, vegetables, dairy products, meat, and pharmaceuticals. These facilities are designed to maintain low temperatures to prevent spoilage and maintain the quality of the stored products. The cold storage facilities can be standalone units or part of a larger warehouse facility and can range from small, local facilities to large, complex facilities serving a global customer base. The construction of cold storage facilities involves the use of specialized materials and equipment to create a controlled environment, including insulation, refrigeration systems, and temperature monitoring equipment. The market also includes services such as design, engineering, and maintenance of cold storage facilities.
Covid-19 Impact:
The global cold storage construction market has been impacted by the COVID-19 pandemic in both positive and negative ways.
Positive impacts:
Increased demand for cold storage facilities due to changing consumer behavior: The pandemic has led to changes in consumer behavior, such as increased online shopping and stockpiling of groceries, resulting in an increased demand for cold storage facilities to store perishable goods.
Demand for pharmaceutical storage facilities: The pandemic has also led to an increased demand for pharmaceutical products, which require temperature-controlled storage facilities. This has resulted in an increased demand for cold storage facilities to store vaccines and other pharmaceutical products.
Increased investments in healthcare infrastructure: The pandemic has led to increased investments in healthcare infrastructure, including cold storage facilities, to better prepare for future pandemics.
Negative impacts:
Supply chain disruptions: The pandemic has disrupted supply chains, resulting in delays in the construction of cold storage facilities due to a shortage of materials, equipment, and labor.
Economic slowdown: The pandemic has led to an economic slowdown, resulting in a decline in construction activity and a reduction in investments in new cold storage construction projects.
Uncertainty in the market: The pandemic has created uncertainty in the market, leading to a delay in investment decisions and a shift in priorities, resulting in a slowdown in the growth of the cold storage construction market.
Overall, the impact of the COVID-19 pandemic on the cold storage construction market has been mixed, with some positive and negative impacts. However, the long-term outlook for the market remains positive due to the increasing demand for cold storage facilities for both perishable goods and pharmaceutical products.
Market Dynamics:
Drivers:
Increasing demand for perishable food and pharmaceutical products: As the global population continues to grow, there is an increasing demand for perishable food and pharmaceutical products that require temperature-controlled storage. This is driving the growth of the cold storage construction market.
Growth in e-commerce and online grocery sales: The rise of e-commerce and online grocery sales is driving the demand for cold storage facilities to support the storage and distribution of perishable goods.
Government initiatives to support food security: Many governments around the world are implementing initiatives to support food security, including investments in cold storage facilities to reduce food waste and ensure a stable food supply.
Advancements in technology: Advancements in cold storage technology, such as improved insulation, energy-efficient refrigeration systems, and temperature monitoring equipment, are driving the growth of the cold storage construction market.
Expansion of the pharmaceutical industry: The pharmaceutical industry is expanding rapidly, and there is an increasing demand for temperature-controlled storage facilities to support the storage and distribution of pharmaceutical products.
Restraints:
High capital investments: The construction of cold storage facilities requires significant capital investments, including the cost of land, construction materials, refrigeration systems, and temperature monitoring equipment. This can make it difficult for small and medium-sized enterprises to enter the market.
Government regulations: The construction and operation of cold storage facilities are subject to various government regulations related to food safety, environmental protection, and labor standards. Compliance with these regulations can add to the cost of construction and operation.
Limited availability of suitable locations: Cold storage facilities require specific environmental conditions and access to transportation infrastructure. Suitable locations for cold storage facilities may be limited, making it difficult to find suitable sites for construction.
Regional Analysis:
North America: The North American region is expected to witness significant growth in the cold storage construction market due to the increasing demand for temperature-controlled storage facilities for perishable food and pharmaceutical products. The rise of e-commerce and online grocery sales is also driving demand for cold storage facilities in this region.
Europe: The European region is expected to witness moderate growth in the cold storage construction market due to the increasing focus on food safety and sustainability. The expansion of the pharmaceutical industry in Europe is also driving demand for cold storage facilities.
Asia-Pacific: The Asia-Pacific region is expected to witness significant growth in the cold storage construction market due to the increasing population, rising disposable incomes, and changing dietary habits. The growth of the e-commerce sector and increasing demand for pharmaceutical products in this region are also driving the demand for cold storage facilities.
Middle East and Africa: The Middle East and Africa region is expected to witness moderate growth in the cold storage construction market due to the increasing investments in infrastructure and government initiatives to support food security.
Latin America: The Latin American region is expected to witness moderate growth in the cold storage construction market due to the increasing demand for temperature-controlled storage facilities for perishable food and pharmaceutical products. The growth of the e-commerce sector in this region is also driving demand for cold storage facilities.
Market Segmentation:
Type of construction: The market can be segmented based on the type of construction, such as pre-engineered buildings, concrete buildings, and others.
Temperature range: The market can be segmented based on the temperature range, such as refrigerated and frozen storage.
Application: The market can be segmented based on the application, such as food and beverages, pharmaceuticals, chemicals, and others.
Region: The market can be segmented based on the geographical region, such as North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Competitive Landscape:
The global cold storage construction market is highly competitive, with several established players and new entrants operating in the market.
Some of the key players in the market include:
Americold Realty Trust
Lineage Logistics Holdings, LLC
AGRO Merchants Group
Nichirei Logistics Group Inc.
Tippmann Group
Burris Logistics
VersaCold Logistics Services
Preferred Freezer Services
Kloosterboer Group B.V.
Interstate Warehousing, Inc.
These companies are focusing on expanding their presence in the market by developing new cold storage facilities, acquiring smaller companies, and investing in research and development to improve their services and operations. Additionally, companies are focusing on implementing new technologies such as automation and energy-efficient refrigeration systems to improve their efficiency and reduce costs.
The cold storage construction market is also characterized by the presence of several local and regional players, especially in developing countries. These companies offer low-cost services to gain a competitive advantage over established players. To remain competitive, established players are focusing on providing high-quality services and adopting sustainable practices to attract customers.
Overall, the cold storage construction market is expected to remain highly competitive, with companies focusing on innovation, sustainability, and cost-effectiveness to maintain their market position.
Key Points:
Define, describe and forecast Cold Storage Construction product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Cold Storage Construction Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Cold Storage Construction
1.3 Cold Storage Construction Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Cold Storage Construction
1.4.2 Applications of Cold Storage Construction
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Versa Cold Logistics Services Market Performance Analysis
3.1.1 Versa Cold Logistics Services Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Versa Cold Logistics Services Sales, Value, Price, Gross Margin 2016-2021
3.2 Barloworld Limited Market Performance Analysis
3.2.1 Barloworld Limited Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Barloworld Limited Sales, Value, Price, Gross Margin 2016-2021
3.3 United States Cold Storage, Inc. Market Performance Analysis
3.3.1 United States Cold Storage, Inc. Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 United States Cold Storage, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.4 RSA Logistics Market Performance Analysis
3.4.1 RSA Logistics Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 RSA Logistics Sales, Value, Price, Gross Margin 2016-2021
3.5 Swire Group Market Performance Analysis
3.5.1 Swire Group Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Swire Group Sales, Value, Price, Gross Margin 2016-2021
3.6 Nordic Logistics Market Performance Analysis
3.6.1 Nordic Logistics Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Nordic Logistics Sales, Value, Price, Gross Margin 2016-2021
3.7 AlRai Logistica K.S.C Market Performance Analysis
3.7.1 AlRai Logistica K.S.C Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 AlRai Logistica K.S.C Sales, Value, Price, Gross Margin 2016-2021
3.8 Wabash National Corporation Market Performance Analysis
3.8.1 Wabash National Corporation Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Wabash National Corporation Sales, Value, Price, Gross Margin 2016-2021
3.9 GulfDrug LLC Market Performance Analysis
3.9.1 GulfDrug LLC Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 GulfDrug LLC Sales, Value, Price, Gross Margin 2016-2021
3.10 Kloosterboer Market Performance Analysis
3.10.1 Kloosterboer Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Kloosterboer Sales, Value, Price, Gross Margin 2016-2021
3.11 Oxford Logistics Group Market Performance Analysis
3.11.1 Oxford Logistics Group Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Oxford Logistics Group Sales, Value, Price, Gross Margin 2016-2021
3.12 Preferred Freezer Market Performance Analysis
3.12.1 Preferred Freezer Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Preferred Freezer Sales, Value, Price, Gross Margin 2016-2021
3.13 Wared Logistics Market Performance Analysis
3.13.1 Wared Logistics Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Wared Logistics Sales, Value, Price, Gross Margin 2016-2021
3.14 Oceana Group Limited Market Performance Analysis
3.14.1 Oceana Group Limited Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Oceana Group Limited Sales, Value, Price, Gross Margin 2016-2021
3.15 Americold Logistics, LLC Market Performance Analysis
3.15.1 Americold Logistics, LLC Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Americold Logistics, LLC Sales, Value, Price, Gross Margin 2016-2021
3.16 Agro Merchants Group Market Performance Analysis
3.16.1 Agro Merchants Group Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Agro Merchants Group Sales, Value, Price, Gross Margin 2016-2021
3.17 Burris Logistics Market Performance Analysis
3.17.1 Burris Logistics Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Burris Logistics Sales, Value, Price, Gross Margin 2016-2021
3.18 Lineage Logistics Market Performance Analysis
3.18.1 Lineage Logistics Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Lineage Logistics Sales, Value, Price, Gross Margin 2016-2021
3.19 Cloverleaf Cold Storage Market Performance Analysis
3.19.1 Cloverleaf Cold Storage Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Cloverleaf Cold Storage Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Cold Storage Construction Production and Value by Type
4.1.1 Global Cold Storage Construction Production by Type 2016-2021
4.1.2 Global Cold Storage Construction Market Value by Type 2016-2021
4.2 Global Cold Storage Construction Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Private & semi-private Market Production, Value and Growth Rate
4.2.2 Public Market Production, Value and Growth Rate
4.3 Global Cold Storage Construction Production and Value Forecast by Type
4.3.1 Global Cold Storage Construction Production Forecast by Type 2021-2026
4.3.2 Global Cold Storage Construction Market Value Forecast by Type 2021-2026
4.4 Global Cold Storage Construction Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Private & semi-private Market Production, Value and Growth Rate Forecast
4.4.2 Public Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Cold Storage Construction Consumption and Value by Application
5.1.1 Global Cold Storage Construction Consumption by Application 2016-2021
5.1.2 Global Cold Storage Construction Market Value by Application 2016-2021
5.2 Global Cold Storage Construction Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Fruits & vegetables Market Consumption, Value and Growth Rate
5.2.2 Dairy Market Consumption, Value and Growth Rate
5.2.3 Fish, meat & seafood Market Consumption, Value and Growth Rate
5.2.4 Processed food Market Consumption, Value and Growth Rate
5.2.5 Pharmaceuticals Market Consumption, Value and Growth Rate
5.3 Global Cold Storage Construction Consumption and Value Forecast by Application
5.3.1 Global Cold Storage Construction Consumption Forecast by Application 2021-2026
5.3.2 Global Cold Storage Construction Market Value Forecast by Application 2021-2026
5.4 Global Cold Storage Construction Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Fruits & vegetables Market Consumption, Value and Growth Rate Forecast
5.4.2 Dairy Market Consumption, Value and Growth Rate Forecast
5.4.3 Fish, meat & seafood Market Consumption, Value and Growth Rate Forecast
5.4.4 Processed food Market Consumption, Value and Growth Rate Forecast
5.4.5 Pharmaceuticals Market Consumption, Value and Growth Rate Forecast
6 Global Cold Storage Construction by Region, Historical Data and Market Forecasts
6.1 Global Cold Storage Construction Sales by Region 2016-2021
6.2 Global Cold Storage Construction Market Value by Region 2016-2021
6.3 Global Cold Storage Construction Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Cold Storage Construction Sales Forecast by Region 2021-2026
6.5 Global Cold Storage Construction Market Value Forecast by Region 2021-2026
6.6 Global Cold Storage Construction Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Cold Storage Construction Value and Market Growth 2016-2021
7.2 United State Cold Storage Construction Sales and Market Growth 2016-2021
7.3 United State Cold Storage Construction Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Cold Storage Construction Value and Market Growth 2016-2021
8.2 Canada Cold Storage Construction Sales and Market Growth 2016-2021
8.3 Canada Cold Storage Construction Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Cold Storage Construction Value and Market Growth 2016-2021
9.2 Germany Cold Storage Construction Sales and Market Growth 2016-2021
9.3 Germany Cold Storage Construction Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Cold Storage Construction Value and Market Growth 2016-2021
10.2 UK Cold Storage Construction Sales and Market Growth 2016-2021
10.3 UK Cold Storage Construction Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Cold Storage Construction Value and Market Growth 2016-2021
11.2 France Cold Storage Construction Sales and Market Growth 2016-2021
11.3 France Cold Storage Construction Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Cold Storage Construction Value and Market Growth 2016-2021
12.2 Italy Cold Storage Construction Sales and Market Growth 2016-2021
12.3 Italy Cold Storage Construction Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Cold Storage Construction Value and Market Growth 2016-2021
13.2 Spain Cold Storage Construction Sales and Market Growth 2016-2021
13.3 Spain Cold Storage Construction Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Cold Storage Construction Value and Market Growth 2016-2021
14.2 Russia Cold Storage Construction Sales and Market Growth 2016-2021
14.3 Russia Cold Storage Construction Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Cold Storage Construction Value and Market Growth 2016-2021
15.2 China Cold Storage Construction Sales and Market Growth 2016-2021
15.3 China Cold Storage Construction Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Cold Storage Construction Value and Market Growth 2016-2021
16.2 Japan Cold Storage Construction Sales and Market Growth 2016-2021
16.3 Japan Cold Storage Construction Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Cold Storage Construction Value and Market Growth 2016-2021
17.2 South Korea Cold Storage Construction Sales and Market Growth 2016-2021
17.3 South Korea Cold Storage Construction Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Cold Storage Construction Value and Market Growth 2016-2021
18.2 Australia Cold Storage Construction Sales and Market Growth 2016-2021
18.3 Australia Cold Storage Construction Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Cold Storage Construction Value and Market Growth 2016-2021
19.2 Thailand Cold Storage Construction Sales and Market Growth 2016-2021
19.3 Thailand Cold Storage Construction Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Cold Storage Construction Value and Market Growth 2016-2021
20.2 Brazil Cold Storage Construction Sales and Market Growth 2016-2021
20.3 Brazil Cold Storage Construction Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Cold Storage Construction Value and Market Growth 2016-2021
21.2 Argentina Cold Storage Construction Sales and Market Growth 2016-2021
21.3 Argentina Cold Storage Construction Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Cold Storage Construction Value and Market Growth 2016-2021
22.2 Chile Cold Storage Construction Sales and Market Growth 2016-2021
22.3 Chile Cold Storage Construction Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Cold Storage Construction Value and Market Growth 2016-2021
23.2 South Africa Cold Storage Construction Sales and Market Growth 2016-2021
23.3 South Africa Cold Storage Construction Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Cold Storage Construction Value and Market Growth 2016-2021
24.2 Egypt Cold Storage Construction Sales and Market Growth 2016-2021
24.3 Egypt Cold Storage Construction Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Cold Storage Construction Value and Market Growth 2016-2021
25.2 UAE Cold Storage Construction Sales and Market Growth 2016-2021
25.3 UAE Cold Storage Construction Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Cold Storage Construction Value and Market Growth 2016-2021
26.2 Saudi Arabia Cold Storage Construction Sales and Market Growth 2016-2021
26.3 Saudi Arabia Cold Storage Construction Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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