Global Refrigerated Sea Transport Containers Market Volume is estimated to be 2.50 MTEU in 2014 and is expected to reach 3.46 MTEU by 2020Published Date: Nov 2016
Refrigerated Sea Transport Containerization 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 Containers is expected to grow in terms of container volumes through the forecast period.
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 market has been classified by two parameters types of reefers i.e., containerized reefers and specialized reefers and by segments such as pharmaceuticals, sea food, fresh produce, meat and others. Further the overall market has been divided into five geographical regions such as North America, Europe, APAC, Middle East, and South America.
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.
Some of the key companies covered in the report include CMS CGM S.A., Hapag Llyod, K-Line, NYK Line, China Shipping Containers Line Co. Ltd, Kling Corporation, ZIM Integrated Shipping Services Ltd., Hanjin Shipping Co., Ltd and others.
The report classifies the Global Refrigerated Sea Transport Containers market as follows:
Global Refrigerated Sea Transport Containers Market – By Types
Global Refrigerated Sea Transport Containers Market – By Segments
Global Refrigerated Sea Transport Containers Market – By Geography
-Rest of Europe
-Asia Pacific (APAC)
-Rest of APAC
-Middle East & Africa (MEA)
-Rest of MEA
-South America (SAM)
-Rest of SAM