ShareThe global refrigerated sea transportation market
Technavio’s market research analyst predicts the global refrigerated sea transportation market to grow steadily at a CAGR of around 4% during the period 2016-2020.
Technavio’s market research analyst predicts the global refrigerated sea transportation market to grow steadily at a CAGR of around 4% during the period 2016-2020.
An increase in international trade and the growing demand for refrigerated transportation of perishable goods are driving the growth of this market. For instance, according to a UNCTAD report, the International Seaborne Trade market shipped nearly 9 billion metric tons during 2014.
The containerized reefers segment accounted for approximately 83% of the market share during 2015. These reefers are used in the transportation of perishable products for the dairy, horticulture, floriculture, food processing, fisheries, poultry, and meat industries. This research report predicts the containerized reefers segment to retain its market leadership until the end of 2020.
South America dominated the global refrigerated sea transportation market during 2015, with a market share of approximately 35%.
The market growth in this region is driven by an increase in the export of perishable products across long distance trade routes and the heavy investments being made to improve port infrastructure. Many Chinese shipping companies are also expanding their business to South America as a result of this region's rapid market growth.
The leading vendors in the market are CMA CGM, Maersk, Mediterranean Shipping, NYK Line, Seatrade Reefer Chartering.
Source: ReportLinker
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An increase in international trade and the growing demand for refrigerated transportation of perishable goods are driving the growth of this market. For instance, according to a UNCTAD report, the International Seaborne Trade market shipped nearly 9 billion metric tons during 2014.
The containerized reefers segment accounted for approximately 83% of the market share during 2015. These reefers are used in the transportation of perishable products for the dairy, horticulture, floriculture, food processing, fisheries, poultry, and meat industries. This research report predicts the containerized reefers segment to retain its market leadership until the end of 2020.
South America dominated the global refrigerated sea transportation market during 2015, with a market share of approximately 35%.
The market growth in this region is driven by an increase in the export of perishable products across long distance trade routes and the heavy investments being made to improve port infrastructure. Many Chinese shipping companies are also expanding their business to South America as a result of this region's rapid market growth.
The leading vendors in the market are CMA CGM, Maersk, Mediterranean Shipping, NYK Line, Seatrade Reefer Chartering.
Source: ReportLinker
The partnership established between the IIR and ReportLinker allows IIR members to benefit from a 10% discount on the purchase of this study.
You must first login on the IIR website in order to access the URL to the discount.