Reefer Container Market by Type of Shipment (Food Product, Non-Food Product), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: May, 2020
  • Report ID: 418357
  • Category: Consumer Goods
  • Pages: 223
$4,700

The global reefer container market is expected to grow from USD 2.9 billion in 2019 to USD 5.9 billion by 2027, at a CAGR of 8.8% during the forecast period 2020-2027.

Reefer containers are refrigerated insulated containers employed to transport temperature sensitive items like meat, dairy products, fish and other food items as well as non-food items like medicines and chemicals. These highly portable storage solutions help products from spoilage. Reefer containers are durable and highly functional. They can control the temperature in a range of -60°C to +30°C as well as the humidity of the air. Currently, they are replacing makeshift warehouses, thereby reducing packaging and labour costs.

This study delivers a comprehensive analysis of types of shipments and regions. The type of shipment segment includes food product and non-food product. Food products include fresh fruits and vegetables, fish, eggs, frozen food items, frozen meat, milk & dairy products, drinks, snacks and other edibles. Non-food usually shipped through reefer containers include chemicals, pharmaceuticals, flowers etc. Since customers are becoming more knowledgeable and nutritionally focused, they are willing to pay higher rates for imported quality food products. Increasing population is another factor that will raise food exports & imports, thus in effect, positively impacting the market size of reefer containers.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific and North America regions stand as promising markets for reefer containers and are expected to show high growth rates during the forecast period. These two regions are technologically advanced, have some of the main manufacturers and also participate in substantial foreign trade. The markets in the United States and China are proliferating, commanding significant shares in the regional market. The high cost of reefer containers, however, will limit its growth in the European market.

Some of the notable players in the reefer container market are Daikin, BSL Refrigerated Containers, Pioneer Refrigeration & Air Conditioning Works, Global Sea Containers Limited, Titan Containers, Klinge Corporation, NYK Line, Fortune Container Trading, TLS Offshore Containers International, SEA BOX Inc., Maersk Line, Singamas, MSC, Taicang CIMC Reefer Logistics Equipment Co., Ltd., Seaco, CRS Mobile Cold Storage, Royal Wolf, W&K Container Inc, CXIC Group Containers Company Limited, and Hapag-Llyod among others. The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global reefer container industry.

In 2020, CIMC Intelligent Technology CO., LTD. (CIMC IT) signed a multi-year collaboration agreement with Globe Tracker ApS to offer cutting edge reefer monitoring and tracking Internet of Things technologies to worldwide clients of CIMC.

This study predicts revenue growth at global, national, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:

Global Reefer Container Market Analysis And Forecast, By Type of Shipment

  • Food Product
  • Non-Food Product

Global Reefer Container Market Analysis And Forecast, By Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type of Shipment
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restrains
    5.4. Opportunities
    5.5. Challenges
6. Global Reefer Container Market Analysis and Forecast, By Type of Shipment
    6.1. Segment Overview
    6.2. Food Product
    6.3. Non-Food Product
7. Global Reefer Container Market Analysis and Forecast, By Regional Analysis
    7.1. Segment Overview
    7.2. North America
          7.2.1. U.S.
          7.2.2. Canada
          7.2.3. Mexico
    7.3. Europe
          7.3.1. Germany
          7.3.2. France
          7.3.3. U.K.
          7.3.4. Italy
          7.3.5. Spain
    7.4. Asia-Pacific
          7.4.1. Japan
          7.4.2. China
          7.4.3. India
    7.5. South America
          7.5.1. Brazil
    7.6. Middle East and Africa
          7.6.1. UAE
          7.6.2. South Africa
8. Global Reefer Container Market-Competitive Landscape
    8.1. Overview
    8.2. Market Share of Key Players in Global Reefer Container Market
          8.2.1. Global Company Market Share
          8.2.2. North America Company Market Share
          8.2.3. Europe Company Market Share
          8.2.4. APAC Company Market Share
    8.3. Competitive Situations and Trends
          8.3.1. Product Launches and Developments
          8.3.2. Partnerships, Collaborations, and Agreements
          8.3.3. Mergers & Acquisitions
          8.3.4. Expansions
9. Company Profiles
    9.1. Daikin
          9.1.1. Business Overview
          9.1.2. Company Snapshot
          9.1.3. Company Market Share Analysis
          9.1.4. Company Product Portfolio
          9.1.5. Recent Developments
          9.1.6. SWOT Analysis
    9.2. BSL Refrigerated Containers
          9.2.1. Business Overview
          9.2.2. Company Snapshot
          9.2.3. Company Market Share Analysis
          9.2.4. Company Product Portfolio
          9.2.5. Recent Developments
          9.2.6. SWOT Analysis
    9.3. Pioneer Refrigeration & Air Conditioning Works
          9.3.1. Business Overview
          9.3.2. Company Snapshot
          9.3.3. Company Market Share Analysis
          9.3.4. Company Product Portfolio
          9.3.5. Recent Developments
          9.3.6. SWOT Analysis
    9.4. Global Sea Containers Limited
          9.4.1. Business Overview
          9.4.2. Company Snapshot
          9.4.3. Company Market Share Analysis
          9.4.4. Company Product Portfolio
          9.4.5. Recent Developments
          9.4.6. SWOT Analysis
    9.5. Titan Containers
          9.5.1. Business Overview
          9.5.2. Company Snapshot
          9.5.3. Company Market Share Analysis
          9.5.4. Company Product Portfolio
          9.5.5. Recent Developments
          9.5.6. SWOT Analysis
    9.6. Klinge Corporation
          9.6.1. Business Overview
          9.6.2. Company Snapshot
          9.6.3. Company Market Share Analysis
          9.6.4. Company Product Portfolio
          9.6.5. Recent Developments
          9.6.6. SWOT Analysis
    9.7. NYK Line
          9.7.1. Business Overview
          9.7.2. Company Snapshot
          9.7.3. Company Market Share Analysis
          9.7.4. Company Product Portfolio
          9.7.5. Recent Developments
          9.7.6. SWOT Analysis
    9.8. Fortune Container Trading
          9.8.1. Business Overview
          9.8.2. Company Snapshot
          9.8.3. Company Market Share Analysis
          9.8.4. Company Product Portfolio
          9.8.5. Recent Developments
          9.8.6. SWOT Analysis
    9.9. TLS Offshore Containers International
          9.9.1. Business Overview
          9.9.2. Company Snapshot
          9.9.3. Company Market Share Analysis
          9.9.4. Company Product Portfolio
          9.9.5. Recent Developments
          9.9.6. SWOT Analysis
    9.10. SEA BOX Inc
          9.10.1. Business Overview
          9.10.2. Company Snapshot
          9.10.3. Company Market Share Analysis
          9.10.4. Company Product Portfolio
          9.10.5. Recent Developments
          9.10.6. SWOT Analysis
    9.11. Maersk Line
          9.11.1. Business Overview
          9.11.2. Company Snapshot
          9.11.3. Company Market Share Analysis
          9.11.4. Company Product Portfolio
          9.11.5. Recent Developments
          9.11.6. SWOT Analysis
    9.12. Singamas
          9.12.1. Business Overview
          9.12.2. Company Snapshot
          9.12.3. Company Market Share Analysis
          9.12.4. Company Product Portfolio
          9.12.5. Recent Developments
          9.12.6. SWOT Analysis
    9.13. MSC
          9.13.1. Business Overview
          9.13.2. Company Snapshot
          9.13.3. Company Market Share Analysis
          9.13.4. Company Product Portfolio
          9.13.5. Recent Developments
          9.13.6. SWOT Analysis
    9.14. Taicang CIMC Reefer Logistics Equipment Co., Ltd
          9.14.1. Business Overview
          9.14.2. Company Snapshot
          9.14.3. Company Market Share Analysis
          9.14.4. Company Product Portfolio
          9.14.5. Recent Developments
          9.14.6. SWOT Analysis
    9.15. Seaco
          9.15.1. Business Overview
          9.15.2. Company Snapshot
          9.15.3. Company Market Share Analysis
          9.15.4. Company Product Portfolio
          9.15.5. Recent Developments
          9.15.6. SWOT Analysis
    9.16. CRS Mobile Cold Storage
          9.16.1. Business Overview
          9.16.2. Company Snapshot
          9.16.3. Company Market Share Analysis
          9.16.4. Company Product Portfolio
          9.16.5. Recent Developments
          9.16.6. SWOT Analysis
    9.17. Royal Wolf
          9.17.1. Business Overview
          9.17.2. Company Snapshot
          9.17.3. Company Market Share Analysis
          9.17.4. Company Product Portfolio
          9.17.5. Recent Developments
          9.17.6. SWOT Analysis
    9.18. W&K Container Inc
          9.18.1. Business Overview
          9.18.2. Company Snapshot
          9.18.3. Company Market Share Analysis
          9.18.4. Company Product Portfolio
          9.18.5. Recent Developments
          9.18.6. SWOT Analysis
    9.19. CXIC Group Containers Company Limited
          9.19.1. Business Overview
          9.19.2. Company Snapshot
          9.19.3. Company Market Share Analysis
          9.19.4. Company Product Portfolio
          9.19.5. Recent Developments
          9.19.6. SWOT Analysis
    9.20. Hapag-Llyod
          9.20.1. Business Overview
          9.20.2. Company Snapshot
          9.20.3. Company Market Share Analysis
          9.20.4. Company Product Portfolio
          9.20.5. Recent Developments
          9.20.6. SWOT Analysis

List of Table

1. Global Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)   

2. Global Food Product Market, By Region, 2017–2027(USD Billion)   

3. Global Non-Food product, By Region, 2017–2027(USD Billion)   

4. Global Reefer Container Market, By North America, 2017–2027(USD Billion)  

5. North America Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

6. North America Reefer Container Market, By Application, 2017–2027(USD Billion)  

7. U.S. Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

8. U.S. Reefer Container Market, By Application, 2017–2027(USD Billion)  

9. Canada Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

10. Canada Reefer Container Market, By Application, 2017–2027(USD Billion)  

11. Mexico Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

12. Mexico Reefer Container Market, By Application, 2017–2027(USD Billion)  

13. Europe Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

14. Europe Reefer Container Market, By Application, 2017–2027(USD Billion)  

15. Germany Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

16. Germany Reefer Container Market, By Application, 2017–2027(USD Billion)  

17. France Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

18. France Reefer Container Market, By Application, 2017–2027(USD Billion)  

19. U.K. Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

20. U.K. Reefer Container Market, By Application, 2017–2027(USD Billion)  

21. Italy Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

22. Italy Reefer Container Market, By Application, 2017–2027(USD Billion)  

23. Spain Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

24. Spain Reefer Container Market, By Application, 2017–2027(USD Billion)  

25. Asia Pacific Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

26. Asia Pacific Reefer Container Market, By Application, 2017–2027(USD Billion)  

27. Japan Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

28. Japan Reefer Container Market, By Application, 2017–2027(USD Billion)  

29. China Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

30. China Reefer Container Market, By Application, 2017–2027(USD Billion)  

31. India Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

32. India Reefer Container Market, By Application, 2017–2027(USD Billion)  

33. South America Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

34. South America Reefer Container Market, By Application, 2017–2027(USD Billion)  

35. Brazil Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

36. Brazil Reefer Container Market, By Application, 2017–2027(USD Billion)  

37. Middle East and Africa Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

38. Middle East and Africa Reefer Container Market, By Application, 2017–2027(USD Billion)  

39. UAE Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

40. UAE Reefer Container Market, By Application, 2017–2027(USD Billion)  

41. South Africa Reefer Container Market, By Type of Shipment, 2017–2027(USD Billion)  

42. South Africa Reefer Container Market, By Application, 2017–2027(USD Billion)  

 

List of Figures 

1. Global Reefer Container Market Segmentation

2. Reefer Container Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Reefer Container Market Attractiveness Analysis By Type of Shipment

9. Global Reefer Container Market Attractiveness Analysis By Application

10. Global Reefer Container Market Attractiveness Analysis By Region

11. Global Reefer Container Market: Dynamics

12. Global Reefer Container Market Share By Type of Shipment (2019 & 2027)

13. Global Reefer Container Market Share By Application (2019 & 2027)

14. Global Reefer Container Market Share by Regions (2019 & 2027)

15. Global Reefer Container Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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