Transportation of goods is important for the global economy. Various methods of transportation are road, marine, rail, and air. Transportation of goods by sea is easy, convenient, and less costly than other methods. It is also vital for the global economy. The need of sea transportation is important due to increase in demands of goods and services. Globalization has influenced the eating habits of people. Changing lifestyle, urbanization, trade liberalization, increase in income of the people, foreign investments, and market integration are the major factors that affect food preferences across the globe. These challenges in transportation of perishable goods over long distances have been overcome by reefers (refrigeration containers). This technology plays an important role in the transportation of perishable goods. It ensures goods to reach the destination fresh.
The global refrigerated sea transportation market is driven by technological enhancements, changing customer food preferences, container modification, and globalization. The refrigerated sea transportation market is projected to grow at a significant pace during the forecast period owing to increase in demand for perishable goods across the globe. However, irregular distribution channels, government norms, and increase in prices of customized containers which affects the operating cost of transportation are expected to restrain the global refrigerated sea transportation market.
The global refrigerated sea transportation market can be segmented based on type, product type, application, and region. In terms of type, the refrigerated sea transportation market can be bifurcated into containerized reefers and specialized reefers. Based on product type, the global refrigerated sea transportation market can be classified into chilled and frozen products. In terms of application, the refrigerated sea transportation market can be categorized into dairy & frozen desserts, fruits & vegetables, bakery & confectionery, seafood, meat, fish, and others (dips, condiments, and sauces). Based on region, the global refrigerated sea transportation market can be segmented into Europe, North America, Middle East & Africa, Asia Pacific, and Latin America. Asia Pacific is projected to lead the global refrigerated sea transportation market due to high production of goods/commodities and strong supply chain. China dominates the global ship building industry and export business. The country accounts for major share of exports from Asia Pacific. Latin America is expected to experience higher demand for refrigerated sea transportation due to increase in export of goods and commodities to Europe and North America.
Key players in the global refrigerated sea transportation market are CMA CGM S.A., Seatrade Reefer Chartering, Maersk Line, NYK Line, China Shipping Container Lines, Africa Express Line, Geest Line, Green Reefers Group, APL, Klinge Group, Kyowa Shipping, Hanjin Shipping, Maestro Reefers, Hamburg Sud, Orient Overseas Container Line, FSC Frigoship Chartering, K Line Logistics, Mediterranean Shipping Company, SeaCube Container Leasing, BLPL, STAR Reefers, Mitsui O.S.K. Lines, KMTC, Yang Ming Marine Transport, Hapag-Lloyd, ZIM Integrated Shipping Services, Compania Sudamericana de Vapores, and United Arab Shipping.
The report offers a comprehensive evaluation of the refrigerated sea transportation 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
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