The global Reefer Container Market accounted for a size of 3,269.2 thousand twenty-foot equivalent units (TEU) in 2022, and it is expected to grow at a CAGR of 10.0% during the forecast period (2023–2031). Major factors responsible for the market growth include the increasing number of trade routes, rising demand for pharmaceutical drugs, expanding e-commerce industry, and advent of the real-time tracking technology.

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Top Key Players:

·         A.P. Moller - Maersk A/S

·         Singamas Container Holdings Ltd.

·         China International Marine Containers (Group) Co. Ltd.

·         Seaco Srl

·         Triton International Ltd.

·         MSC Mediterranean Shipping Company S.A.

·         Hapag-Lloyd AG

·         Ocean Network Express (ONE) Pte. Ltd.

·         ZIM Integrated Shipping Services Ltd.

·         SeaCube Container Leasing Ltd.

·         Klinge Corporation

·         W&K Containers Inc.

·         Almar Container Group

·         Daikin Reefer

·         Klinge Corporation

Market Growth:

The main factors responsible for the growth of the market include the increase in the number of trade routes, the growth in demand for pharmaceutical drugs, the expansion of the e-commerce industry, and the advent of real-time tracking technology. Econ Market Research’s report on Reefer Container Market studies the past and current opportunities of growth and trends to get a clear picture of the growth indicators of the market for the forecast period 2023 to 2031.

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Market Segmentation:

Reefer Container Market by Size (20 Feet, 40 Feet, Above 40 Feet), Transportation Mode (Seaways, Roadways, and Railways), Industry (Food & Beverages, Pharmaceutical, and Chemical) and Region: Global Opportunity Analysis and Industry Forecast, 2023-2031

COVID-19 IMPACT:

Due to the COVID-19 pandemic, the global reefer container market has been negatively impacted. This is mainly due to the regulations laid down by governments worldwide such as lockdown & social distance. Therefore, containers that were shipped to the major ports are either stranded onboard ships, off-loaded at alternate locations, or are sitting at various ports and terminals in demurrage and detention.

 

 

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