Global Reefer Container
Market Report
2024
The global Reefer Container market will expand at a compound yearly growth rate (CAGR) of 13.00% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The global Reefer Container market will expand at a compound yearly growth rate (CAGR) of 13.00% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Reefer Container Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13% |
North America Reefer Container Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11% |
Europe Reefer Container Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.5% |
Asia Pacific Reefer Container Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.2% |
South America Reefer Container Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
Middle East and Africa Reefer Container Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.6% |
Market Split by Size |
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Market Split by Transportation Mode |
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Market Split by Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Reefer Container Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Many factors responsible for the market growth include the rising number of trade routes, rising demand for pharmaceutical drugs, expanding e-commerce industry, and the advent of real-time tracking technology. Rising demand for multimodal transport is expected to drive the demand for dry containers, which drives the reefer container for pharmaceutical market growth. These strategies help key players capture a significant market share and compete in the dynamic Reefer Container market.
(Source:www.nestle.com/media/news/yes-snack-bars-recyclable-paper-wrapper)
The global reefer container market is witnessing increased demand, driven by a rising need for transporting pharmaceutical drugs under controlled temperature conditions. As pharmaceutical supply chains expand globally, maintaining the integrity of temperature-sensitive medications becomes paramount. Reefer containers, equipped with advanced temperature control systems, ensure pharmaceuticals' safe and efficient transportation. The pharmaceutical segment emerges as a significant driver for the reefer container market, offering a viable market output. With a growing emphasis on healthcare infrastructure and the distribution of vaccines and medications, the reefer container market is poised to experience sustained growth, meeting the critical requirements of the pharmaceutical industry worldwide.
For instance, in March 2022, ORBCOMM Inc., a global provider of IoT solutions, announced the debut of its CT 3500 IoT telematics device. This device contains the next step in the smart management of refrigerated containers and was developed by ORBCOMM Inc.
The global reefer container market is poised for growth, driven by the increasing number of trade routes. As international trade expands, particularly in perishable goods like fruits, vegetables, and pharmaceuticals the demand for refrigerated containers rises. The reefer containers ensure the efficient and temperature-controlled transportation of goods, addressing the growing need for global supply chain reliability. This trend is notably propelled by advancements in cold chain logistics and the rising importance of maintaining product quality during transit. Consequently, the reefer container market is expected to grow substantially, aligning with the expanding intricacies of international trade routes.
The global reefer container market faces a constraint in its growth due to high initial investment costs. Reefer containers for transporting temperature-sensitive goods involve significant upfront expenses for specialized equipment and advanced refrigeration technology. It poses a challenge for businesses, particularly small and medium enterprises, limiting their ability to enter the market. The high initial investment is a barrier to entry, hindering market expansion. However, as technology advances and becomes more cost-effective, coupled with the increasing demand for transporting perishable goods, the reefer container market is expected to evolve, potentially alleviating these constraints.
The global reefer container market experienced the impact of COVID-19 with disruptions in the supply chain, trade restrictions, and a slowdown in international shipping. The pandemic induced challenges in maintaining the required temperature-controlled logistics for perishable goods, impacting the reefer container market. However, the market demonstrated resilience as demand for cold chain logistics surged with the distribution of vaccines. The need to transport pharmaceuticals and food products in controlled environments amid the pandemic contributed to the recovery of the reefer container market. As the world adapts to the new normal, the market is expected to witness steady growth with an increased emphasis on cold chain infrastructure and transportation.
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The global reefer container market boasts intense competition among key players. The market is characterized by strategic collaborations, technological innovations, and fleet expansions to meet the increasing demand for refrigerated transport. Key trends include a focus on sustainability, energy efficiency, and real-time monitoring systems. The competitive landscape is shaped by efforts to enhance service reliability, global reach, and operational efficiency, reflecting the industry's commitment to meeting the growing demands of the perishable goods transportation sector.
(Source:www.maersk.com/news/articles/2020/02/19/ap-moller-maersk-to-acquire-performance-team)
Top Companies Market Share in Reefer Container Industry: (In no particular order of Rank)
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Global Reefer Container Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Reefer Container Industry growth. Reefer Container market has been segmented with the help of its Size, Transportation Mode Industry, and others. Reefer Container market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The 20-feet reefer containers, which are more compact, are widely used for transporting smaller quantities of temperature-sensitive goods. Industries such as pharmaceuticals, food and beverage, and chemicals often prefer the flexibility and cost-effectiveness offered by these smaller containers. They are particularly suitable for shorter distances and when frequent loading and unloading are required.
On the other hand, 40-feet reefer containers are preferred for larger shipments and long-distance transportation. Their larger capacity makes them suitable for bulk shipments of perishable goods, reducing the overall transportation cost per unit. The 40-feet segment is commonly used in the global supply chain to export and import a wide range of temperature-sensitive products, including fruits, vegetables, meat, and dairy products.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Reefer Container Industry. Request a Free Sample PDF!
Seaways represent a significant segment, with reefer containers efficiently transporting perishable goods via maritime routes. These containers are equipped with advanced temperature control systems, ensuring the safe and regulated transport of goods across long distances. The maritime segment is crucial for the international trade of temperature-sensitive products, including food and pharmaceuticals.
On the other hand, roadways constitute a vital segment for regional and last-mile transportation. Reefer containers integrated with trucks and trailers provide a seamless solution for transporting perishable goods over shorter distances. This segment is essential for connecting ports to distribution centers, markets, and end consumers, ensuring the timely delivery of fresh and frozen products.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Reefer Container market report 2024 Edition by contacting our team.
In the food and beverage segment, reefer containers play an important role in maintaining the integrity of perishable goods during transit. With the global food supply chain becoming more interconnected, reefer containers ensure that products like fruits, vegetables, seafood, and dairy items reach their destinations in optimal conditions, preserving freshness and quality.
In the pharmaceutical segment, reefer containers are crucial for transporting temperature-sensitive drugs and medical supplies. The pharmaceutical industry's stringent product safety and efficacy regulations make reefer containers essential to maintain the required temperature range throughout the supply chain. It is particularly critical for vaccines, biologics, and other medications that temperature variations can compromise.
According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 30% of the global revenue, owing to the robust demand for temperature-sensitive goods like pharmaceuticals, fresh produce, and perishable items. The region's well-established cold chain infrastructure and stringent quality standards contribute to the dominance of the reefer container market. The United States and Canada, particularly, witness a high volume of international trade, further fueling the demand for reliable and efficient refrigerated transport solutions.
Simultaneously, the Asia-Pacific region emerges as the fastest-growing market for reefer containers. Rapid industrialization, increasing consumer spending, and expanding international trade in countries like China and India contribute to the market's growth. The region's flourishing food and beverage industry and the export of perishable goods amplify the demand for advanced reefer container technology. Additionally, the pharmaceutical sector's expansion and the need for temperature-controlled shipping further boost the market.
The current report Scope analyzes Reefer Container Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, North America held the major market share in 2023. It accounted for a CAGR of 11.0% and more than 30% of the global revenue due to a well-established cold chain infrastructure and a high volume of international trade. The region's dominance is evident in efficiently transporting temperature-sensitive goods, particularly pharmaceuticals, fresh produce, and perishables. The dominant segment in North America is the food and beverage industry, which depends heavily on refrigerated containers to maintain the quality of goods during transit. Additionally, the pharmaceutical sector contributes significantly to the demand for reefer containers, given the stringent temperature requirements for drug transport. In conclusion, North America's reefer container market is characterized by a mature and sophisticated cold chain ecosystem, positioning it as a key player in the global market for temperature-controlled shipping solutions.
According to Cognitive Market Research, the European Reefer Container market accounted for a CAGR of 11.5% and approximately 28% of the global revenue due to the robust cold chain infrastructure and high demand for temperature-controlled transport solutions. The region's advanced logistics network, stringent quality standards, and significant international trade contribute to the dominance of the reefer container market. The dominating segment in Europe includes pharmaceuticals and healthcare, given the stringent temperature requirements for transporting medications and vaccines. Additionally, the region's thriving food and beverage industry fuels the demand for refrigerated containers to maintain the integrity of perishable goods.
In conclusion, Europe's reefer container market is vital and continuously evolving, driven by the region's commitment to quality in transportation and the increasing need for temperature-sensitive cargo solutions across various industries, positioning it as a pivotal player in the global reefer container industry.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for a CAGR of 14.2% and more than 36% of the global revenue due to dynamic growth and key trends. Rapid industrialization and a burgeoning population have surged demand for temperature-controlled shipping solutions. The dominant segment in this market is the transportation of perishable goods, especially in the food and pharmaceutical sectors. Countries like China and India are witnessing increased international trade, driving the need for reliable reefer container technology. The pharmaceutical industry's expansion and the rising demand for fresh produce further propel market growth. In conclusion, the Asia-Pacific reefer container market presents a robust landscape characterized by evolving consumer preferences and a growing emphasis on quality in transporting temperature-sensitive goods, positioning the region as a significant contributor to the global reefer container industry.
According to Cognitive Market Research, Latin America accounted for a CAGR of 12.5% and more than 5% of the global Reefer Container revenue in 2023 due to the region's flourishing agricultural and perishable goods export industry. The increasing demand for reliable cold chain logistics solutions to preserve the quality of products during transportation is a key factor. The dominant segment in this market includes the transportation of fruits, vegetables, and seafood, reflecting Latin America's position as a major exporter of these perishable commodities. Countries like Brazil, Chile, and Mexico significantly contribute to the demand for reefer containers.
In conclusion, Latin America's reefer container market presents a promising landscape marked by a surge in export-oriented activities and a growing need for temperature-controlled transport. As the region continues strengthening its position in the global supply chain, the demand for efficient and advanced reefer container solutions is expected to increase further.
According to Cognitive Market Research, the Middle East and Africa accounted for a CAGR of 12.6% and more than 1% of the global revenue in 2023 due to an upsurge in international trade and a growing focus on food safety. The region's expanding pharmaceutical and healthcare industries also contribute to the demand for temperature-controlled transport. Domestically, there is an increasing need for reliable cold chain solutions to preserve the freshness of perishable goods. The dominating segment in the MEA reefer container market is the transportation of fresh fruits and vegetables, reflecting the region's agricultural exports.
In conclusion, the MEA reefer container market presents a dynamic landscape shaped by a rising need for advanced cold chain solutions. As the region becomes an integral player in global trade, the demand for reefer containers is expected to grow, driven by diverse industries and the increasing importance of maintaining product integrity throughout the supply chain.
Senior Research Analyst at Cognitive Market Research
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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Reefer Container Market is witnessing significant growth in the near future.
In 2023, the 20 Feet segment accounted for noticeable share of global Reefer Container Market and is projected to experience significant growth in the near future.
The Seaways segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bulkhaul Limited , NewPort Tank and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Seatrade launches its new “country class” reefer container vessels
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Size | 20 Feet, 40 Feet, More than 40 Feet |
Transportation Mode | Seaways, Roadways, Railways |
Industry | Food & Beverages, Pharmaceutical, Chemical |
List of Competitors | Bulkhaul Limited, Danteco Industries BV, NewPort Tank, A.P. Moller-Maersk, China International Marine Containers (Group) Ltd, COSCO SHIPPING Development Co. Ltd., CXIC Group, Singamas Container Holdings Limited, TLS Offshore Containers/TLS Special Containers, W&K Containers Inc., Thurston |
This chapter will help you gain GLOBAL Market Analysis of Reefer Container. Further deep in this chapter, you will be able to review Global Reefer Container Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Reefer Container Market Trends North America Reefer Container Technological Road Map North America Reefer Container Market Drivers North America Reefer Container Market Restraints North America Reefer Container Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Size Analysis 2019 -2031, will provide market size split by Size. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Transportation Mode Analysis 2019 -2031
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Chapter 12 Market Split by Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Reefer Container market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 20 Feet have a significant impact on Reefer Container market? |
What are the key factors affecting the 20 Feet and 40 Feet of Reefer Container Market? |
What is the CAGR/Growth Rate of Seaways during the forecast period? |
By type, which segment accounted for largest share of the global Reefer Container Market? |
Which region is expected to dominate the global Reefer Container Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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