The adoption of containers for transportation, as compared to the conventional methods of packing goods directly onto ships, is another factor expected to fuel the growth of the global reefer containers market during the forecast period. The introduction of vessel sharing programs is a major trend observed in the global reefer container market. In May 2015, Maersk Container Industry A/S entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade.

[b]Browse Report at:[/b] https://www.psmarketresearch.com/market-analysis/reefer-container-market

Reefer containers are temperature controlled specialized containers, which are used in the transportation of fragile and consumable goods through the sea. Reefer containers are equipped with built-in refrigeration and cooling units, which provide ideal temperature for different products. A reefer container has different specifications and sizes to accommodate different trade requirements. Reefer containers are majorly used in the transportation of foodstuffs, because of their inherent design features such as, air circulation, high cooling capacity, and accurate temperature control.

One of the major factors driving the growth of the global reefer container market is the continuous development of seaborne trade in the world. The manufacturers are focusing on technological advancements by introducing high tech versions of containers. The new “smart” containers have been made capable to report problems, such as temperature deviation or shocks from improper handling. Another major growth driver of the global reefer container market is the bigger size of reefer containers that transport delicate commodities. However, some of the restraints in the global market include high maintenance cost of reefer containers and the high capital-intensive business. However, the slower economic growth in countries such as China and several European countries is expected to obstruct the growth of the global reefer containers market during the forecast period. The maintenance cost of reefer containers is very high due to the relatively high value of scrap because of the increasing steel prices in the world.

[b]Browse Related Research:[/b] https://www.psmarketresearch.com/industry-report/automotive-and-transportation

Dong Fang International Asset Management Ltd., W&K Container Inc., Maersk Container Industry A/S, TLS Offshore Containers International, SEA BOX Inc., CXIC GROUP CONTAINERS COMPANY LIMITED are some of the competitors in the global reefer container market. Due to the increased demand for more cold storage facilities, the leading cold chain companies are looking for economical and efficient methods for safe transportation of products.

[b]About P&S Market Research[/b]

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

[b]Contact:[/b]
Deep
Assistant – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: [email protected]
Web: https://www.psmarketresearch.com