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Refrigerated Sea Transport Containers Market Analysis and Forecasts to 2025 By Recent Trends, Developments In Manufacturing Technology And Regional Growth Overview

Press release   •   Jul 24, 2019 15:23 IST

Refrigerated Sea Transport Containers Market

The refrigerated sea transport containers market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. 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. Europe refrigerated sea transport containers market region is expected to witness a CAGR growth rate of XX% in the coming years.

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CMA CGM, NYK Line, China Shipping Container Lines, Kling Group, ZIM Integrated , Orient Overseas Container Line, Compañía Sud Americana de Vapores (CSAV), Hanjin Shipping, Mitsui O.S.K. Lines, Evergreen Marine Corp, China International Marine Containers (Group), Hapag Lloyd AG, Hamburg süd Group, APL. 

The report also focuses on two key types of reefer container 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 other is accelerating the growth of refrigerated sea transport market and demand for more capacity of reefer containers.

China held the largest market share in Asia Pacific refrigerated sea transport containers market in 2015. China being one of the key countries in ship building and exporting business has contributes 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

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 analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM) regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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