Market Research Logo

Global Reefer Container Leasing Market 2017-2021

Global Reefer Container Leasing Market 2017-2021

About Reefer Container Leasing

Reefers are refrigerated containers that constantly supply air from the bottom of the container to distribute uniform chillness across the container through specific T-shaped decking. These containers are used to carry food and beverage as well as pharmaceutical products. Depending on the size and volume, reefer containers can be 20ft standard and 20ft high cube, 40ft standard and 40ft high cube, and 45ft wide high cube containers. The lessors purchase the reefer containers from container manufacturers and lease it to cargo players or shippers, container fleet management companies, individual goods manufacturers, and other service sector players, at a particular lease rate and lease volume depending upon the size of the containers. The lease rates of the containers also vary with two other factors, the age of the containers and the duration of the lease period.

Technavio’s analysts forecast the global reefer container leasing market to grow at a CAGR of 15.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global reefer container leasing market for 2017-2021. To calculate the market size, the report considers the volume of outstanding leased reefer containers in the market in each year of the forecast period.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Reefer Container Leasing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Beacon Intermodal Leasing
  • CAI International
  • Seaco
  • SeaCube Container Leasing
  • Textainer
  • Triton International
Other prominent vendors
  • CARU Container
  • China COSCO Shipping
  • Touax Container Solutions
Market driver
  • Rising dominance of leasing players in global reefer container market
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in reefer container prices
  • For a full, detailed list, view our report
Market trend
  • Growing trade in refrigerated goods
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Reefer Container Leasing Market 2017-2021

Technavio recognizes the following companies as the key players in the global reefer container leasing market: Beacon Intermodal Leasing, CAI International, Seaco, SeaCube Container Leasing, Textainer, and Triton International

Other Prominent Vendors in the market are: CARU Container, China COSCO Shipping, and Touax Container Solutions.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing trade in refrigerated goods. The global refrigerated cargo shipment is expected to grow around 4.5%-5.5% annually during the forecast period. Fresh food items including fruits, vegetables, fishery, and meat are the key goods transported via refrigerated cargos. The rise in the demand or rise in the production of these goods will positively impact the growth of the refrigerated cargos and consequently, the reefer container leasing market. North America and Europe are showing high growth in the import of refrigerated goods. For instance, in 2016, Europe held around 25%-27% and North America around 23%-25% shares in the global refrigerated goods import.”

According to the report, one of the major drivers for this market is Rising dominance of leasing players in global reefer container market. In early 2008, it was noted that more than 90% of the investment in the global reefer container market was made by shipping players, and only a minimal percentage of the investment was made by leasing players. After the global recession in 2008, the market scenario had changed because the shipper's fear of investing in assets provoked them to adopt leasing. Hence, leasing players started dominating the global reefer container market. Apart from the economic downturn, there are few other reasons that influenced shippers to lease reefer containers instead of purchasing them.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in reefer container prices. The global reefer container price shows a fluctuating growth after the steep decline in 2008-2009. By 2016, the reefer container price hit all-time low price. The low reefer container price should trigger the mass reefer container purchase capacity of the lessors. But, it hasn't increased the reefer container purchasing from reefer container lessors. This is because the low reefer container price indicates the oversupply of reefer containers in the market. The oversupply of reefer containers will provoke the lessors to reduce the lease rate to get a competitive advantage. The reduced lease rate will increase the duration of return on investment by the lessors. The lengthy return on investment cycle of the lessors will affect their liquid cash flow for daily operation.

Companies Mentioned

Beacon Intermodal Leasing, CAI International, Seaco, SeaCube Container Leasing, Textainer, Triton International, CARU Container, China COSCO Shipping, and Touax Container Solutions.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global reefer container leasing market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global reefer container leasing market - Market size and forecast 2016-2021 (million TEU)
      • Table Global - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2016-2021 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Food and beverage - Market size and forecast 2016-2021
      • Table Food and beverage- Market size and forecast 2016-2021 (million TEU)
      • Table Food and beverage - Year-over-year growth 2017-2021 (%)
    • Pharmaceutical - Market size and forecast 2016-2021
      • Table Pharmaceutical - Market size and forecast 2016-2021 (million TEU)
      • Table Pharmaceutical - Year-over-year growth 2017-2021 (%)
    • Others - Market size and forecast 2016-2021
      • Table Others - Market size and forecast 2016-2021 (million TEU)
      • Table Other end-users- Year-over-year growth 2017-2021 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user (million TEU)
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 (million TEU)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 (million TEU)
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 (million TEU)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Market opportunity
      • Table Market opportunity (million TEU)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Share of lessors in global reefer container market 2008-2016 (% volume)
      • Table Global reefer container fleet market 2016-2021 (million TEU)
      • Table Global rail intermodal market 2016-2021 ($ billions)
    • Market challenges
      • Table Reefer container price 2007-2016 (thousand dollars per container)
      • Table Average per container disposal price
  • Market trends
    • Growing trade in refrigerated goods
    • Consolidations in global container leasing market
      • Table Consolidations in global container leasing market
    • Growth potentials of reefer container leasing market
  • Vendor landscape
    • Competitive Scenario
  • Vendor analysis
    • Vendors covered
    • Beacon Intermodal Leasing
      • Table Beacon International Leasing overview
      • Table Beacon International Leasing - Product offerings
    • CAI International
      • Table CAI International overview
      • Table CAI International - Business segments
      • Table CAI International - Container leasing segment offerings
    • Seaco
      • Table Seaco overview
      • Table Seaco - Container offerings
      • Table Seaco - Organizational developments
      • Table Seaco - Service offerings
    • SeaCube Container Leasing
      • Table SeaCube Container Leasing overview
      • Table SeaCube Container Leasing - Service offerings
    • Textainer
      • Table Textainer overview
      • Table Textanier - Equipment offerings
      • Table Revenue growth of Textainer 2014-2016 ($ millions)
      • Table Textainer - Service offerings
    • Triton International
      • Table Triton international overview
      • Table Triton International - Business segments
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report