Advantages and Future Growth Of Refrigerated Sea Transport Containers
Refrigerated sea transportation deals with import and export of fresh foods, meat, flowers, pharmaceuticals, etc., between different regions across the globe. The growing demand for these commodities have set new dimension to the refrigerated transportation industry. As Sea transport being one of the economical and convenient mode of trade between nations and have been followed since decades, refrigerated sea transport is expected to grow in terms of container volumes through the forecast period.
The report also focuses on two key types of reefer containers such as containerized reefer and specialized reefer. Over past decade the growth of specialized reefer is observed to be declining due to high maintenance cost, transportation and service charges. The growth of containerized reefers are owing to the technological advancements of refrigeration systems in the containers. The growth of reefer containers is further dependent on the commodities, the growing demands for commodities such as fresh produce, meat, beverages, pharmaceuticals from one region to another are accelerating the growth of refrigerated sea transport market and demand for more capacity of reefer containers.
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Some of the key players influencing the Refrigerated Sea Transport Containers Industry are
- CMA CGM S.A.
- Maersk Line
- FSC FRIGOSHIP CHARTERING GmbH
- Nippon Yusen Kabushiki Kaisha (NYK Line)
- SEATRADE REEFER CHARTERING N.V.
- Africa Express Line Ltd.
- China Shipping Container Lines Co. Ltd.
- KLINGE CORPORATION
- STAR Reefers
- Korea Marine Transport Co. Ltd
- BLPL Singapore Pte Ltd
China held the largest market share in Asia Pacific refrigerated sea transport containers market in 2015. China being one of the key countries in shipbuilding and exporting business has contributed more than 40% to the APAC market. Although the refrigerated sea transport market for China would grow but the volumes in terms of TEU will witness a stringent growth rate owing to the declining reefer trades and diverted sea routes,
Key findings of the study:
- From a growth perspective, Europe region is anticipated to witness the most lucrative CAGR growth rate of 8.9% during the forecast period
- Containerized reefer segment accounted for the highest market share in 2015, capturing more than 50% of the market
- The fresh products segment is foreseen to create lucrative business opportunities in refrigerated sea transport containers market during the forecast period
The "Global Refrigerated Sea Transport Containers Market Analysis To 2025" is a specialized and in-depth study of the Refrigerated Sea Transport Containers industry with a special focus on the global market trend analysis. The report aims to provide an overview Refrigerated Sea Transport Containers market with detailed market segmentation by type, end-user, and geography. The global Refrigerated Sea Transport Containers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Refrigerated Sea Transport Containers market players and offers key trends and opportunities in the Refrigerated Sea Transport Containers market.
In our study, we have segmented the refrigerated sea transport containers market by type, which includes container reefer and specialized reefer. Furthermore, the market is segmented on basis of segment as pharmaceuticals, seafood, fresh product, meat, and others. On the basis of geography, the vertical lift module market is analysed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM) regions.