Global Refrigerated Sea Transport Containers Market: Snapshot
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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Leading Players of Refrigerated Sea Transport Containers Market 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, ZIM INTEGRATED SHIPPING SERVICES LTD., Orient Overseas Container Line Limited., MAESTRO SHIPPING SA, Compañía Sud Americana de Vapores (CSAV), HANJIN SHIPPING CO., LTD., MITSUI O.S.K. LINES, LTD., EVERGREEN MARINE CORP. (TAIWAN) LTD. (EVERGREEN LINE), China International Marine Containers (Group) Co., Ltd., Hapag-Lloyd AG, SEACUBE CONTAINER LEASING LTD., Yang Ming Marine Transport Corp., Mediterranean Shipping Company S.A, KYOWA SHIPPING CO., LTD., GEEST LINE LIMITED, Hamburg süd Group, United Arab Shipping Company (S.A.G), APL, KAWASAKI KISEN KAISHA, LTD. (“K”LINE Group)
Market Insights
Low Cost Mode of Transportation
International shipping connects railways, roads and inland waterways via costal and ocean routes thus, providing an enhanced mode of transportation of goods in which the logistics provider or shipper has certain degree of choice for moving freight between different locations. The choice of mode includes balancing tradeoffs to enable trade between various nations. In today’s economy, challenging factors include cost, reliability and time of delivery. For sensitive cargoes, faster mode of delivery is preferred than low cost modes. This is impacting positively on refrigerated sea transport containers market. Although, low cost modes of transportation particularly, containerized shipping often carry large quantity of cargoes along with a proper planning to meet the need of inventory on time. The low cost mode is diving the refrigerated sea transport containers market. Also, for many trade routes, sea transport is the only mode of transport available as there is no other mode of transport that can directly reach the location. This factor is heavily boosting the refrigerated sea transport containers market.
Privatization of Sea Ports
About 90 percent of the commodity and merchandise trade worldwide is transported through ocean route or sea trade, and sea ports plays an important part in the transportation, offloading, uploading and other activities performed in the process of transportation. While, the percent for the transportation remained constant over years, there has been a rapid increase in the volumes of the commodities transported. One of the crucial issue faced by the sea transport companies is dealing with the inefficiency of ports. The privatization of ports has given a new opportunity to the marine lines by increasing the efficiency of the ports. Due to budget deficits and rising in demand for services, many governments are encouraging the privatization of sea ports and are looking for foreign direct investments for the same. Thus, the increase in privatization of sea ports in the coming years is anticipated to bolster the refrigerated sea transport containers market.
GLOBAL REFRIGERATED SEA TRANSPORT CONTAINER MARKET – SEGMENTATION
Global Refrigerated Sea Transport Market – By Types
- Containerized Reefer
- Specialized Reefer
Global Refrigerated Sea Transport Market – By Segments
- Pharmaceuticals
- Sea Food
- Fresh Produce
- Meat
- Others
Global Refrigerated Sea Transport Market – By Geography
- North America : U.S, Canada, Mexico
- Europe: France, Germany, Italy, Spain, U.K Rest of Europe
- Asia Pacific (APAC): Japan, China, India, Australia, Rest of APAC
- Middle East & Africa (MEA): Saudi Arabia, South Africa, UAE, Rest of MEA
- South America (SAM): Brazil, Rest of SAM
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