Global Refrigerated Sea Transportation Market 2018-2022
About this market
The penetration of blockchain technology in marine transportation to push market growth. The technology helps in increasing the transparency and reducing the possibilities of data corruption or data alteration during transaction between two parties. Technavio’s analysts have predicted that the refrigerated sea transportation market will register a CAGR of over 4% by 2022.
Pharmaceutical industry increasingly preferring seaborne transportation
The rising fuel cost and carbon emission in air and roadways transportation and the strict regulations by government are encouraging pharmaceutical companies to opt for low-cost shipments.
Volatility in reefer container price
The refrigerated sea transportation service providers face difficulties in fund allocation forecast due to the fluctuating reefer container price.
For the detailed list of factors that will drive and challenge the growth of the refrigerated sea transportation market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Siem Shipping and YANG MING the competitive environment is quite intense. Factors such as the pharmaceutical industry increasingly preferring seaborne transportation and the penetration of blockchain technology in marine transportation, will provide considerable growth opportunities to refrigerated sea transportation manufactures. A.P. Moller – Maersk, CMA CGM, Mediterranean Shipping Company, Siem Shipping, and YANG MING are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’
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