Press release
Refrigerated Sea Transport Containers Market Outlook to 2020 - Hapag Llyod, K-Line, NYK Line, Kling Corporation, China Shipping Containers Line Co. Ltd, ZIM Integrated Shipping Services Ltd., CMS CGM S.A., Hanjin Shipping Co., Ltd
Refrigerated Sea Transport Containers Market to Reach US$ 3.25 Billion in 2020
An exclusive Refrigerated Sea Transport Containers Market research report created through broad primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of global Refrigerated Sea Transport Containers Market with Segments. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Refrigerated Sea Transport Containers Market. Additionally, the report also highlights market entry strategies for various companies across the globe.
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Leading Players:
- CMA CGM
- NYK Line
- China Shipping Container Lines
- Kling Group
- ZIM Integrated
- Orient Overseas Container Line
- Compañía Sud Americana de Vapores (CSAV)
- Hanjin Shipping Co., Ltd
- Mitsui O.S.K. Lines, Ltd
The overall market volume is expected to grow from 2.35 MTEU in 2014 to 3.46 M TEU in 2020 with a CAGR of 6.7%. Some of the key drivers of the market will include rapid change in food and beverage consumption pattern and preferences, rise in demand for cost effective and efficient transportation mode, Advances in refrigeration technology and insulated container construction which are steadily improving the delivered quality of chilled and frozen food produce, Increasing prosperity in many regions of the world which is driving demand for higher-value chilled fruit and vegetables and others.
The increasingly refined reefer solutions are overcoming the crucial challenges in shipping of perishables over long distances. The new and advanced technologies play a significant role to ensure that the perishable commodities reach fresh and at the desired destinations and also, should fulfil the strict import protocols that differ from countries to countries.
Global refrigerated sea transport containers market is hindered by challenges such as rising rates of specialized reefers and uneven distribution channels which impacts the operational costs of transportation. However increasing advancements in infrastructure of containerized reefers has set new dimension to the containers market, the demand for containerized reefers has outpaced the specialized reefer containers market in recent years and this trend is expected to continue in coming years along with bridging gap of transportation demands and rising reefer costs.
Asia pacific led the global Refrigerated Sea Transport Containers since long time due to high production of commodities and supply chain across regions in the world. China being one of the key countries in ship building and exporting business has contributes more than 40% to the APAC market. In past one decade South America has been experiencing highest demands for reefer container due to increasing exports of goods and commodities to countries in North America and Europe. Major companies are expected to invest in the growing South American region in coming five years.
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The global refrigerated sea transport containers market is segmented by types of reefers such as containerized reefers and specialized reefers, further the market is classified by segments of commodities such as Pharmaceuticals, Sea Food, Fresh Produce, Meat and Others. The global refrigerated sea transport containers market has been analyzed across different regions which include North America, Europe, APAC, Middle East & Africa and South America.
The report classifies the Global Refrigerated Sea Transport Containers market as follows:
Global Refrigerated Sea Transport Containers Market - By Types
-Containerized Reefers
-Specialized Reefers
Global Refrigerated Sea Transport Containers Market - By Segments
-Pharmaceuticals
-Sea Food
-Fresh Produce
-Meat
-Others
Global Refrigerated Sea Transport Containers Market - By Geography
-North America
-U.S.
-Canada
-Mexico
-Europe
-France
-Germany
-Italy
-Spain
-U.K.
-Rest of Europe
-Asia Pacific (APAC)
-China
-India
-Sri Lanka
-Bangladesh
-Rest of APAC
-Middle East & Africa (MEA)
-Saudi Arabia
-U.A.E.
-South Africa
-Rest of MEA
-South America (SAM)
-Brazil
-Rest of SAM
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