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Global Reefer Container Market Rapidly Growing due to continuous Development in Seaborne Trade
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Reefer containers are temperature controlled specialized containers, which are used in the transportation of fragile and consumable goods through the sea. Reefer containers are equipped with built-in refrigeration and cooling units, which provide ideal temperature for different products. A reefer container has different specifications and sizes to accommodate different trade requirements.
The new “smart” containers have been made capable to report problems, such as temperature deviation or shocks from improper handling. Another major growth driver of the global reefer container market is the bigger size of reefer containers that transport delicate commodities. However, some of the restraints in the global market include high maintenance cost of reefer containers and the high capital-intensive business. However, the slower economic growth in countries such as China and several European countries is expected to obstruct the growth of the global reefer containers market during the forecast period.
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Dong Fang International Asset Management Ltd., W&K Container Inc., Maersk Container Industry A/S, TLS Offshore Containers International, SEA BOX Inc., CXIC GROUP CONTAINERS COMPANY LIMITED are some of the competitors in the global reefer container market.
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