Get In Touch

Reefer containers are refrigerated insulated containers used to ship temperature-controlled cargos such as fruits, fish, meat, vegetables, and dairy products.  They are also used to ship inedible products such as flowers, pharmaceuticals, and chemicals. Some products need to be transported in chilled, frozen, or temperature-controlled containers. Reefer containers help transit such products without the risk of decay or spoilage. Reefer containers can keep products frozen at a temperature of even minus 60°C. Optimal humidity conditions are also ensured inside reefer containers through de-humidification systems. This enables flowers to stay fresh and bananas and other fruits do not turn brown even after being in transit for miles and over several days inside the reefers. Reefer containers can maintain and lower temperature in harsh and unsuitable conditions. These containers can help maintain temperature of 30°C for goods that need to be kept warm regardless of the temperature prevalent outside. However, reefer containers are not meant to lower the temperature of cargos, but maintain the pre-cooled cargo temperature. These containers are characterized by bottom air delivery units designed in a way that lets in chilled air through the floor of the reefer via a T-shaped decking. This, in turn, provides the advantage of producing consistent and uniform flow of cold air across the container, thereby ensuring suitable exchange of air in goods.

Innovative methods of shipment of cargos have replaced conventional methods. Conventional methods of transportation primarily include the transit of goods by roads, which takes long time. Goods may perish in such a method of transportation. Although navigation facilities are available, the absence of thermal insulated containers may damage edible and inedible products that need to be stored under controlled temperatures. Global cold chain has expanded significantly since the last few years due to the discovery of reefers, which help transit edible and inedible products easily in a stipulated duration without causing any damage. Increase in international trade and easy navigation facilities have also boosted the reefer container market. Of late, reefer containers have been replacing temporary warehouses, as the former lower packaging and labor costs. Low transportation costs, fast and easy transshipment of goods, and low terminal turnaround times are driving the reefer container market. Protection from theft and spoilage are also responsible for the increase in usage of reefer containers.

Lack of availability of the appropriate reefer container is one of the major challenges facing the reefer container market since utilization of the latest cooling technology is vital. Transportation costs and freight charges have decreased substantially.

However, significant investment in terms of fixed capital expenditure is needed in arranging and maintaining reefer containers. This is another factor that hampers the reefer container market. Ports also need to be spacious in order to accommodate large containers; thus, occupancy becomes a challenge. Allowing trade of cargos in reefer containers also increases the incidences of illicit trade, as contents are unknown.

The reefer container market can be segmented based on the types of products transported and geography. Food products and non-food products that can be further segmented into liquid items, pharmaceuticals, and chemicals are the types of products or cargos transported in reefer containers. 

Based on geography, the reefer container market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America. Of these, APAC and North America are the leading markets. Both these regions are technologically advanced and have some of the key manufacturers of reefer containers. These regions are also known to engage in extensive overseas trade across the globe.

Key players operating in the reefer container market are Daikin (Japan), Klinge Corporation (the U.S.), Singamas (China), Fortune Container Trading (HK) Limited (China), and Global Sea Containers Limited (the U.S.). These companies are leading in terms of manufacture of reefer containers. Major vendors operating in the market include Maersk Line (Denmark), MSC (Switzerland), and NYK Line (Japan).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Reefer Container Market