Global Refrigerated Sea Transportation Market Share, Size, Consumer and Market Insights Report 2020: Radiant Insights
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Global Refrigerated Sea Transportation Market Share, Size,
Consumer and Market Insights Report 2020: Radiant Insights
Market outlook of refrigerated sea transportation
Technavio's 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.
View Full Summery of Report @ http://www.radiantinsights.com/research/global-refrigerated-seatransportation-market-2016-2020
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...
Consumer and Market Insights Report 2020: Radiant Insights
Market outlook of refrigerated sea transportation
Technavio's 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.
View Full Summery of Report @ http://www.radiantinsights.com/research/global-refrigerated-seatransportation-market-2016-2020
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...