Refrigerated
Sea Marine
transportation is one the most essential part of the global economy. There is a
need for global transportation for distribution of goods worldwide owing to
increasing consumers demand for goods and services that are not available
locally. Globalization has significantly influenced the food systems across the
world. The world has now greater accessibility, availability and diversity of
food attributed by factors such as increasing income of the people, changing
lifestyle, trade liberalization, urbanization, foreign direct investments and
markets integration.
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Sea Transport Market Reports@
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 fulfill the strict import protocols that
differ from countries to countries.
Some of the key driving
factors such as changing consumer food preferences, advancing technologies in
sea transportation and container modernization's are paving the path for
growing demand for refrigerated containers. The market is expected to reach US$
3.25 Billion in 2020 from US$ 2.13 Billion in 2015 with a CAGR of 8.8%. Market
volume of refrigerated containers is expected to reach 3.46 Million TEU by 2020
growing at a CAGR of 6.7% owing to increasing demand for perishable commodities
in various regions across the globe.
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.
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 analysed
across different regions which include North America, Europe, APAC, Middle East
& Africa and South America.
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.
Some of the key players
profiled in the report include ZIM Integrated Shipping Services Ltd., Hapag
Llyod, K-Line, NYK Line, Kling Corporation, China Shipping Containers Line Co.
Ltd, CMS CGM S.A., Hanjin Shipping Co., Ltd and others.
Related Report: Sea
Transport Market
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