Global Refrigerated Sea Transportation Market 2019-2027

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Global Refrigerated Sea Transportation Market 2019-2027


global refrigerated sea transportation market is estimated to grow at a CAGR of 5.7% over the forecast period and expected to reach US$ XX Bn by 2027.

Refrigerated Sea Transportation are used to transport perishable commodities, frozen & chilled food product in the domestic and global market. Food transport refrigeration is an important link in the food chain not only in terms of maintaining the temperature integrity of the transported products but also its impact on energy consumption and CO2 emissions. Lower cross-border tariffs for perishable commodities are propelling the demand for transportation solutions like refrigerated trucks over the forecast period. The market has enormous opportunities in emerging economies like India, China, and Brazil, thanks to their end-user growth.

The report covers the detailed analysis of global refrigerated sea transportation industry with the classifications of the market on the vehicle type, applications, technology, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in the APAC region. The major country’s policies about the oil and gas industry and its impact on refrigerated sea transportation manufacturers are covered in the report.

Global Refrigerated Sea Transportation Market

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The Fish & seafood segment was dominant in 2019 and is expected to maintain its position during the forecast period.

By chilled food products, the fish & seafood segment is expected to gain XX % of the market share by 2027. Refrigerated containers, trucks are used to transport perishable fish and seafood. Producers and suppliers are using modern transportation technologies to reduce wastage and spoilage of foods, also this type of transportation is very helpful in the transportation of such type of food in long-distance or sometimes export. Frozen food items are getting heavy demand from the end-user, which is expected to drive the market over the forecast period.

Vapor-compression refrigeration systems (VCRS) are widely used in refrigerated transportation, despite their high energy consumption and negative environmental effects. Conventional transportation refrigeration unit uses diesel engine driven vapor compression system, which has about xx% of market share in 2019. The diesel-driven system emits high as 40% of greenhouse gases. However, to compete with a diesel-driven vapor compression system, the development and research work is needed to reduce weight and improve the efficiency of the system. The development of alternative technologies to VCRs to reduce environmental impact is expected to restrain the growth of VCRS during the forecast period.
global refrigerated sea transportation market Regional Insights:

Global Refrigerated Sea Transportation Market 1
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Asia Pacific refrigerated sea transport market is growing at a faster rate during 2019-2027.

Thanks to the increasing government initiatives to reduce food wastage and increasing the export of food items. Growing demand for perishable food items, development of transportation infrastructure, and increasing no of ports are driving the growth of the market over the forecast period. China is expected to be the major region in the refrigerated sea transportation market in the APAC region. The Chinese government is heavily investing in transportation infrastructure. As per government data they have spent over US$ 300 Billion in 2018 and are expected to speed up the development during the forecast period. Installation of several hubs and storage facilities in the country will drive the market. The growth of the population, strong sales due to increasing expenditure capability are expected to expand the market in the nearer future.

Global Refrigerated Sea Transportation Market 2

The objective of the report is to present a comprehensive analysis of the Global Refrigerated Sea Transportation Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Refrigerated Sea Transportation Market dynamics, structure by analyzing the market segments and project Global Refrigerated Sea Transportation Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Refrigerated Sea Transportation Market the report investor’s guide.

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Global Refrigerated Sea Transportation Market, By Transport Type

• Containerized reefers
• Specialized reefers
Global Refrigerated Sea Transportation Market, By Technology

• Vapor Compression Systems
o Air-Blown Evaporators
o Eutectic Devices
• Cryogenic Systems
o Cryo-Trans Direct (CTD)
o Cryo-Trans Indirect (CTI)
o Cryo-Trans Hybrid
Global Refrigerated Sea Transportation Market, By Application

• Chilled Food Products
o Milk
o Bakery & Confectionery Products
o Dairy Products
o Beverages
o Fresh Fruits & Vegetables
• Frozen Food Products
o Ice Cream
o Frozen Dairy Products
o Processed Meat
o Fish & Seafood
o Bakery Products
Global Refrigerated Sea Transportation Market, By Temperature

• Single-Temperature
• Multi-Temperature
Global Refrigerated Sea Transportation Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Global Refrigerated Sea Transportation Market

• CMA CGM S.A.
• Seatrade Reefer Chartering
• Maersk Line, NYK Line
• China Shipping Container Lines
• Africa Express Line
• Geest Line
• Green Reefers Group
• APL
• Klinge Group
• Kyowa Shipping
• Hanjin Shipping
• Maestro Reefers
• Hamburg Sud
• Orient Overseas Container Line
• FSC Frigoship Chartering
• K Line Logistics
• Mediterranean Shipping Company
• SeaCube Container Leasing
• BLPL
• STAR Reefers
• Mitsui O.S.K. Lines
• KMTC
• Yang Ming Marine Transport
• Hapag-Lloyd
• ZIM Integrated Shipping Services
• Compania Sudamericana de Vapores
• United Arab Shipping.

 

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