GLOBAL INDUSTRY INSIGHT:

Reefer Container Market Trends, Size, Share, Development and Demand Forecast to 2020

Reefer Container Market Size, Share, Development, Growth and Demand

Forecast to 2020

The increasing containerization is anticipated to fuel the reefer container market growth in the future. The

adoption of containers for transportation, as compared to the conventional methods of packing goods directly onto

ships, is another factor expected to fuel the growth of the global reefer containers market during the forecast

period. The introduction of vessel sharing programs is a major trend observed in the global reefer container

market. In May 2015, Maersk Container Industry A/S entered into Vessel Sharing Agreement (VSA) with

Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South

America trade.

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Reefer containers are temperature controlled specialized containers, which are used in the transportation of

fragile and consumable goods through the sea. Reefer containers are equipped with built-in refrigeration and

cooling units, which provide ideal temperature for different products. A reefer container has different

specifications and sizes to accommodate different trade requirements. Reefer containers are majorly used in the

transportation of foodstuffs, because of their inherent design features such as, air circulation, high cooling

capacity, and accurate temperature control.

One of the major factors driving the growth of the global reefer container market is the continuous development of

seaborne trade in the world. The manufacturers are focusing on technological advancements by introducing high

tech versions of containers. The new “smart” containers have been made capable to report problems, such as

temperature deviation or shocks from improper handling. Another major growth driver of the global reefer

container market is the bigger size of reefer containers that transport delicate commodities. However, some of the

restraints in the global market include high maintenance cost of reefer containers and the high capital-intensive

business. However, the slower economic growth in countries such as China and several European countries is

expected to obstruct the growth of the global reefer containers market during the forecast period. The

maintenance cost of reefer containers is very high due to the relatively high value of scrap because of the

increasing steel prices in the world.

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Dong Fang International Asset Management Ltd., W&K Container Inc., Maersk Container Industry A/S, TLS

Offshore Containers International, SEA BOX Inc., CXIC GROUP CONTAINERS COMPANY LIMITED are some

of the competitors in the global reefer container market. Due to the increased demand for more cold storage

facilities, the leading cold chain companies are looking for economical and efficient methods for safe

transportation of products.

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Reefer Container Market Size, Share, Development, Growth and Demand

Forecast to 2020

Global Reefer Container Market Segmentation:

By Product

• 20’ (20 ft.)

• 40’ (40 ft.)

• 40’ HC (40 ft. High Cube)

• Others

By Geography

• North America

• U.S.

• Canada

• Rest of North America

• Europe

• U.K.

• Germany

• France

• Rest of Europe

• Asia-Pacific

• Japan

• India

• China

• South Korea

• Rest of APAC

• Rest of the world

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Reefer Container Market Size, Share, Development, Growth and Demand

Forecast to 2020

• Brazil

• Rest of ROW

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