Research Report on “
Global Refrigerated
Sea Transportation Market 2016-2020 ”
Market outlook of
refrigerated sea transportation
Technavios 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.
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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.
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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, Compaa Sudamericana de Vapores, Geest Line, Green Reefers
Group, Hamburg Sd, 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
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Table
of Content :
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research
methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast by
volume
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