Market outlook of refrigerated
sea transportation
The market research analyst predicts the global refrigerated sea
transportation market to grow steadily at a CAGR of around 4% during the
forecast period. 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 growth in
China's domestic demand and the rising trade among Asian countries have further
fueled the demand for seaborne trade.
However, the capital-intensive nature of this market and the high cost
of maintenance is expected to pose challenges to the market growth during the
forecast period. Container and reefer vessel operators and owners require huge
investments and infrastructure to build and maintain reefer fleet. The
maintenance cost for a fleet is also quite high due to various cost components
such as maintenance of engines and tugs, crew expenses, and regular MRO expenses.
Segmentation by transportation mode and analysis of the refrigerated
sea transportation market
- Containerized reefers
- Specialized reefers
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.
Geographical segmentation and analysis of the refrigerated sea
transportation market
- APAC
- EMEA
- North America
- South America
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.
Competitive landscape and key
vendors
The global refrigerated sea transportation market is dominated by a
few international vendors. The market is capital intensive and requires vessels
to adopt sophisticated technologies. The major challenges faced by the vendors
in this market are the expenses incurred for the maintenance of vessels and the
depreciation in the value of reefer vessels.
The leading vendors in the market are -
- CMA CGM
- Maersk
- Mediterranean Shipping
- NYK Line
- Seatrade Reefer Chartering
Other prominent vendors in the market include, Africa Express Line,
APL, China Shipping Container Lines, Compañía Sudamericana de Vapores, Geest
Line, Green Reefers Group, Hamburg Süd, Hanjin Shipping, Hapag-Lloyd, K Line
Logistics, Klinge Group, Kyowa Shipping, Maestro Reefers, Mitsui O.S.K. Lines,
Orient Overseas Container Line, SeaCube Container Leasing, STAR Reefers, United
Arab Shipping, Yang Ming Marine Transport, and ZIM Integrated Shipping Services
Key questions answered in the
report include:
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global refrigerated sea transportation market?
- What are the key market trends impacting the growth of the refrigerated sea transportation market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global refrigerated sea transportation market?
- Trending factors influencing the market shares of the APAC, EMEA, North America, and South America?
- What are the key outcomes of the five forces analysis of the refrigerated sea transportation market?
Spanning over 55 pages, “Global
Refrigerated Sea Transportation Market 2016 - 2020” report
covers Executive summary, Scope of the report, Market research methodology, Introduction,
Market
landscape, Market segmentation by transportation mode, Global containerized
reefers market, Global specialized reefers market, Geographical segmentation,
Market drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Find
more information Visit at: http://mrr.cm/oLV
Find all Logistics and Shipping Reports at: http://www.marketresearchreports.com/logistics-shipping
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