Vietnam Cold Storage Market Segmentation
By Temperature Range: The Vietnam Cold Storage market is dominated by freezer and chillers owing to rising imports-exports activities and consumption of seafood and meat in the country. The demand for freezer and chillers increases to reduce the losses and satisfy strict requirements from large export markets such as EU, USA, and Japan.
By Automation: The market share of non-automated pallets is high because of high initial investment and maintenance cost in automated pallets.
By End User: Cold storage market in Vietnam is dominated by meat and seafood because Vietnam is one of the largest seafood exporters in the world.
By Major Cities: An exemplary practice in major cities of Vietnam is the development of multi-client Urban Distribution Centres on the outskirts of the city aiming at consolidating the deliveries.
Vietnam Cold Transport Market Segmentation
By Truck Type: Mostly smaller vans are used for transportation because light trucks are allowed to enter the HCM city’s urban area during peak hours from 6am to 9am and from 4pm to 10pm.
By Mode of Transportation: Approximately ~% of the products transported by Vietnamese. Enterprises through land route is for domestic location.
By Location: The imports of products mainly include medicaments, antisera, etc. which is increasing due to increasing economic growth, rising income of the country.
By Vicinity: Products require a wide range of reefer vans and trucks for the transportation from inter and intra city.
By End Users: Meat and Seafood have largest share in Vietnam cold transport market in 2021.
Supply Side Ecosystem For Vietnam Cold Chain Market
Vietnam Cold Chain Market is highly competitive with presence of both global and local companies; competing in the market with a total of ~XX major players are seizing the opportunity.
Competition Scenario In Vietnam Cold Chain Market
The Cold chain market is highly fragmented and is home to triple-digit cold transportation & storage players (not including captives). The strategic initiatives by market players like pre-installed chillers, increased floor load capacity, and higher ceiling heights act as an opportunity for the market’s growth. Increased technological innovations, expansion of pallets by major companies, and existing market leaders like Lineage and Hung Vuong Corporation have added more competition parameters in the market.
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Vietnam Cold Chain Market Future Outlook And Projections
The cold chain market is expected to be fueled by increasing demand for temperature-controlled products in the country, the entry of several new players, and government initiatives and programs. Several cold chain operators are expanding their operations and setting up many new cold storage facilities to meet the high and growing demand for cold storage, giving a significant boost to the cold storage industry in Vietnam. Over the near term, Cold Chain market is expected to grow at a CAGR of ~% over the period 2021-2026F during this several challenges such as increasing crime rates, volatility in fuel prices, rising inflation and slow growth in economy will act as a hindrance to growth. Due to growth of QSRs, last mile delivery growth has also risen but many issues are prevalent such as dry ice being used by retail shops to deliver the product to end user. Though, the Cold Chain Market is expected to grow at a CAGR of ~% over the forecasted period 2021 to 2026F owing to seen infrastructural developments in cities which is leading to formal trading and stricter norms and regulations by the government across the country.
Key Segments Covered in the report
Vietnam Cold Chain Market
By End User
Meat and Seafood
Fruits and Vegetables
Dairy and Bakery
Vaccination and Pharmaceuticals
Others
By Ownership
3PL Cold Chain Facilities
Owned
Vietnam Cold Storage Market
By Temperature Range
Frozen
Chillers
Ambient
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By Automation
Non-automated Pallets
Automated Pallets
By End User
Meat and Seafood
Fruits and Vegetables
Dairy and Bakery
Vaccination and Pharmaceuticals
Others
By Major Cities
Ho Chi Minh
Hanoi Capital
Binh Duong
Long An
Other
Vietnam Cold Transport Market
By Truck Type
Reefer Vans/Trucks
20-foot reefers
40-foot reefers and others
By Mode of Transportation
Land
Sea
Air
In Land Water ways
By Location
International
Domestic
By Vicinity
Inter-city
Intra-city
By End User
Meat and Seafood
Fruits and Vegetables
Dairy and Bakery
Vaccination and Pharmaceuticals
Others
Key Target Audience:-
Cold Storage Companies
Cold Chain Companies
Cold Transport Companies
Captive Cold Storage Companies
Captive Cold Chain Companies
Logistics Companies
Non-captive Companies
Cold Chain Associations
Logistics Associations
Private Equity Firms
Venture Capitalists
Time Period Captured in the Report:-
Historical Period: 2016-2021
Base Year: 2021
Forecast Period: 2021-2026F
Companies Covered:-
Lineage
Transimex
Hung Vuong Corporation
AJ Total Vietnam
Mekong Logistics
ARC Bing Duong
ABA Cooltrans
Emergent cold storage
SK Cold Storage
Lotte logistics
Konoike
Hong Lai Group
New Land Logistics
Thang Long Logistics
Crane Worldwide Logistics
ALS Aviation Logistics
Arctic Wolf
Vinafco
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