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priyanshisingh · 7 months ago

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Shipping Container Market Landscape: Trends, Drivers, and Forecast (2023-2032)

The Shipping Container market is projected to grow from USD 10,408.79 million in 2024 to USD 13,780.72 million by 2032, at a compound annual growth rate (CAGR) of 3.57%.

Shipping containers are large, standardized steel boxes designed for intermodal freight transport, meaning they can be used across different modes of transport – from ship to rail to truck – without unloading and reloading their cargo. Developed in the mid-20th century, these containers revolutionized global trade by significantly reducing the cost and time of cargo transport, enhancing efficiency, and improving the security of goods. Typically, shipping containers are 20 or 40 feet long, though variations exist to accommodate different types of cargo. Their standardized design allows them to be easily stacked and handled by various types of equipment, such as cranes and forklifts, facilitating the seamless transfer of goods across the world. The durability and robustness of shipping containers, made from weathering steel, protect their contents from the harsh conditions at sea and in transit.

Additionally, they come in various types, such as dry containers, refrigerated containers (reefers) for perishable goods, open-top containers for oversized cargo, and tank containers for liquids. Beyond their primary use in transportation, shipping containers have found secondary applications in architecture and construction, being repurposed into homes, offices, and storage units due to their modular and sturdy nature. This adaptability, combined with their role in the global supply chain, underscores the shipping container's significance in modern logistics and trade.

Shipping Container Market Trends:

The shipping container market is experiencing several significant trends driven by various global economic, technological, and environmental factors. Firstly, the rising demand for efficient and cost-effective transportation solutions is propelling the growth of the shipping container market. The increasing globalization of trade and the expansion of e-commerce have heightened the need for reliable and scalable freight transport options, making shipping containers an essential component of the logistics infrastructure.

Another notable trend is the shift towards more sustainable and eco-friendly container solutions. With growing environmental concerns and stringent regulations aimed at reducing carbon emissions, there is a surge in the adoption of green containers. These include containers made from recycled materials and those designed for energy efficiency, such as refrigerated containers with advanced insulation and energy-saving refrigeration units.

Technological advancements are also playing a pivotal role in shaping the shipping container market. The integration of Internet of Things (IoT) technology and smart sensors in containers is enhancing the tracking, monitoring, and management of cargo. These innovations provide real-time data on container location, condition, and security, thus improving supply chain transparency and efficiency.

The trend towards containerization in non-traditional sectors is another factor driving market growth. Industries such as agriculture, pharmaceuticals, and retail are increasingly utilizing containers for their supply chain needs due to the advantages of standardized transport and enhanced protection of goods. For instance, the use of refrigerated containers is expanding in the food and pharmaceutical industries to maintain the quality and safety of perishable and temperature-sensitive products during transit.

Moreover, the market is witnessing a growing interest in container modification and repurposing. The versatility of shipping containers makes them suitable for various secondary applications, including portable storage units, pop-up retail shops, and even residential and commercial buildings. This trend is particularly prominent in urban areas where space constraints and sustainability goals drive the adoption of innovative container-based solutions.

Geopolitical factors and trade dynamics are also influencing the shipping container market. Trade tensions, tariff regulations, and shifts in manufacturing hubs are impacting container flows and demand patterns. For example, the relocation of manufacturing activities from China to other regions, such as Southeast Asia and India, is altering traditional shipping routes and container usage.

Key Player Analysis

P. Moller–Maersk Group

CARU containers

COSCO SHIPPING Development Co. Ltd

China International Marine Containers

CXIC Group

Singamas Container Holdings Limited

OEG Offshore limited

TLS Offshore Containers International

W&K Containers Inc.

YMC Container Solutions

More About Report- https://www.credenceresearch.com/report/shipping-containers-market

Here are the key challenges facing the shipping container market:

Supply Chain Disruptions: Unpredictable events such as natural disasters, pandemics, and geopolitical conflicts can cause significant disruptions in the global supply chain, leading to container shortages or surpluses and affecting the overall market dynamics.

Port Congestion: Increasing trade volumes and inadequate port infrastructure can result in severe congestion at major ports, causing delays in container handling and movement, which impacts the efficiency of global shipping operations.

Environmental Regulations: Stricter environmental regulations aimed at reducing carbon emissions and improving sustainability require significant investments in eco-friendly containers and alternative fuels, posing a financial challenge for industry players.

Fluctuating Freight Rates: Volatility in freight rates, influenced by factors such as fuel prices, demand-supply imbalances, and economic conditions, can create financial uncertainty and impact the profitability of shipping companies.

Technological Integration: While technological advancements offer benefits, integrating new technologies like IoT and smart sensors into existing container fleets can be costly and complex, requiring substantial investment and expertise.

Trade Policies and Tariffs: Changing trade policies, tariffs, and international trade agreements can impact container flows and demand, creating uncertainty and potential disruptions in the market.

Container Maintenance and Management: Ensuring the timely maintenance and repair of containers to meet safety and operational standards is a significant logistical and financial challenge for shipping companies.

Security Concerns: The risk of cargo theft, piracy, and smuggling presents ongoing security challenges that require robust measures and technologies to protect containers and their contents.

Capacity Constraints: Limited container manufacturing capacity and the time required to build new containers can lead to supply constraints, especially during periods of high demand, affecting market availability and pricing.

Adaptation to New Standards: The introduction of new industry standards and practices, such as those related to container tracking and data sharing, necessitates ongoing adaptation and compliance efforts from market participants.

Segments:

Based on Container Size

Large Containers (40 Feet)

Small Containers (20 Feet)

High Cube Containers (40 Feet)

Based on Product Type

Dry Storage Containers

Flat Rack Containers

Refrigerated Containers

Special-purpose Containers

Others

Based on End-User

Food and Beverages

Consumer Goods

Healthcare

Industrial Products

Vehicle Transport

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bhavanameti · 9 months ago

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Smart Containers Market Projected to Reach $16.9 Billion by 2030

Meticulous Research®—a leading global market research company, published a research report titled, ‘Smart Containers Market by Offering (Hardware, Software, Services), Type (Reefer, Dry), Size (20, 40), Technology (AI, Blockchain, IoT), Application (Asset Tracking & Management, Supply Chain Optimization), Sector, and Geography - Global Forecast to 2030.’

Meticulous Research® has released a new publication projecting the global smart containers market to reach $16.9 billion by 2030, growing at a CAGR of 20.1% from 2023 to 2030. This market growth is driven by increasing efforts to optimize logistics and reduce costs, the rising demand for improved supply chain visibility and transparency, and growing concerns over cargo security and counterfeiting. The adoption of cloud-based platforms for smart container management and the expanding applications of smart container technologies in the healthcare and agriculture sectors are expected to create significant growth opportunities. However, the high implementation costs of smart container technologies and infrastructure and connectivity challenges in remote locations are major obstacles for market players.

A notable market trend is the integration of advanced technologies such as blockchain and AI into smart container solutions.

The global smart containers market is segmented by offering, type, size, technology, application, and sector, with the study evaluating industry competitors and analyzing the market at regional and country levels.

Market Segmentation:

By Offering:

Hardware

Software: Expected to account for the largest share in 2023, driven by the demand for data analytics and insights, cloud-based platforms for data storage and processing, and the need to manage extensive data from IoT devices. This segment is projected to register the highest CAGR.

Services

By Type:

Reefer Containers: Projected to have the highest CAGR, driven by the need to maintain product quality and freshness, increased demand for transporting temperature-sensitive goods, investments in cold chain infrastructure, and advancements in refrigeration and temperature monitoring.

Dry Containers: Expected to account for the largest share in 2023 due to e-commerce growth, demand for general cargo transportation, and the need for easy integration with existing logistics networks.

Tank Containers

Other Smart Container Types

By Size:

20-foot Containers

40-foot Containers: Expected to dominate in 2023, driven by the need to ship goods from manufacturers to distribution centers and retail stores, and the transport of a wide range of cargo. This segment is also projected to have the highest CAGR.

By Technology:

Artificial Intelligence

Blockchain: Expected to register the highest CAGR, driven by the need for enhanced traceability, smart contracts, and ensuring document integrity.

Cloud Computing

Internet of Things (IoT): Expected to account for the largest share in 2023, driven by real-time monitoring needs, cargo security, and remote tracking.

Geolocation Technology

Connectivity Technology

By Application:

Asset Tracking & Management: Expected to dominate in 2023, driven by the demand for real-time visibility, cost reduction, and streamlined operations.

Supply Chain Optimization: Projected to have the highest CAGR, driven by the need to identify bottlenecks, optimize inventory and routes, and improve efficiency.

Safety & Security

Other Applications

By Sector:

Pharmaceutical & Healthcare

Food & Beverage: Projected to register the highest CAGR, driven by the need for better inventory management, accurate tracking of shelf life, and maintaining the quality of perishable goods.

Chemicals & Hazardous Materials

Retail & E-commerce: Expected to dominate in 2023, driven by the need for real-time tracking, shipment transparency, and minimizing delivery delays and order inaccuracies.

Oil & Gas

Automotive

Agriculture

Other Sectors

By Geography:

North America

Europe

Asia-Pacific: Expected to account for the largest share in 2023 and register the highest CAGR, driven by the strong presence of key industries, commitment to eco-friendly logistics, real-time tracking, and stringent regulatory requirements.

Download Free Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5517

Key Players:

Key players in the smart containers market include Panasonic Industry Co., Ltd. (Japan), CMA CGM Group (France), ORBCOMM (U.S.), TRAXENS (France), Globe Tracker, ApS (Denmark), Emerson Electric Co. (U.S.), ZIM Integrated Shipping Services Ltd. (Israel), MSC Mediterranean Shipping Company S.A (Switzerland), Sealand - A Maersk Company (U.S.), China International Marine Containers (Group) Co., Ltd. (China), Berlinger & Co. AG (Switzerland), Hapag-Lloyd AG (Germany), Ocean Network Express Pte. Ltd. (Singapore), Nexxiot AG (Switzerland), Thinxtra Ltd (Australia), SAVVY Telematic Systems AG (Switzerland), Sensolus (Belgium), ZillionSource Technologies (U.S.), and SkyCell AG (Switzerland).

Key Report Insights:

High-growth market segments based on various categories.

Historical market data and forecasts for 2023–2030.

Major market drivers, restraints, opportunities, and challenges.

Competitive landscape and market share analysis.

Recent developments and strategies of key players.

Geographic trends and high-growth countries.

Competition among local emerging players.

Contact Us: Meticulous Research® Email- [email protected] Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

#Smart Containers #Smart Special Containers #Smart Dry Containers #Smart Tank Containers #Maersk Smart Containers

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research--blog · 2 years ago

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Smart Containers Market to be Worth $16.9 Billion by 2030

According to this latest publication from Meticulous Research®, the global smart containers market is projected to reach $16.9 billion by 2030, at a CAGR of 20.1% from 2023 to 2030. The growth of this market is driven by the growing focus on optimizing logistics and reducing costs, the rising need for enhanced supply chain visibility and transparency, and growing concerns over cargo security and counterfeiting. Additionally, the growing adoption of cloud-based platforms for smart container management and the increasing applications of smart container technologies in healthcare and agriculture sectors are expected to create market growth opportunities. However, the high implementation cost of smart container technologies restrains the growth of this market. The infrastructure and connectivity issues in remote locations are major challenges for the players operating in this market.

Download Free Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5517

Integrating advanced technologies such as blockchain and AI into smart container solutions is a prominent trend in the market.

The global smart containers market is segmented by offering, type, size, technology, application, and sector. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, the global smart containers market is broadly segmented into hardware, software, and services. In 2023, the software segment is expected to account for the largest share of the global smart containers market. The large market share of this segment is attributed to the increasing demand for data analytics and insights to enhance efficiency and improve decision-making, the growing use of cloud-based platforms and connectivity for data storage, processing, and accessibility, and the increasing need to manage and process vast amounts of data transmitted by IoT devices within smart containers. This segment is also projected to register the highest CAGR during the forecast period.

Based on type, the global smart containers market is broadly segmented into reefer containers, dry containers, tank containers, and other smart container types. In 2023, the dry containers segment is expected to account for the largest share of the global smart containers market. The large market share of this segment is attributed to the growth of the e-commerce sector, increasing demand for general cargo transportation, including consumer goods, electronics, textiles, and non-perishable items for industries such as automotive, retail, and manufacturing, and the growing need for easy integration with existing logistics and supply chain networks.

However, the reefer containers segment is projected to register the highest CAGR during the forecast period due to the increasing need to maintain product quality and freshness throughout the supply chain, the growing demand for transporting temperature-sensitive goods such as perishable food items, pharmaceuticals, and chemicals, increasing investments in cold chain infrastructure and logistics, and advancements in refrigeration technology and temperature monitoring systems.

Based on size, the global smart containers market is broadly segmented into 20-foot containers and 40-foot containers. In 2023, the 40-foot containers segment is expected to account for the largest share of the global smart containers market. The large market share of this segment is attributed to the growing need to ship goods from manufacturers and suppliers to distribution centers and retail stores, the increasing need to transport a wide range of general cargo, including consumer goods, electronics, textiles, machinery, and industrial products, and increasing use for transporting automobiles, motorcycles, and other vehicles. This segment is also projected to register the highest CAGR during the forecast period.

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Based on technology, the global smart containers market is broadly segmented into artificial intelligence, blockchain, cloud computing, internet of things (IoT), geolocation technology, and connectivity technology. In 2023, the internet of things (IoT) technology segment is expected to account for the largest share of the global smart containers market. The large market share of this segment is attributed to the increasing need for real-time container monitoring to monitor the performance and health of container systems, the rising need to ensure the integrity & security of the cargo during transportation, and the growing demand for remote tracking and asset management.

However, the blockchain technology segment is projected to register the highest CAGR during the forecast period due to the increasing need for enhanced traceability and visibility of goods, including the loading, transportation, and unloading of containers, growing need for smart contracts to automate and streamline the contractual agreements and transactions, and increasing need to ensure the integrity and authenticity of container-related documents including bills of lading, certificates of origin, and customs documents.

Based on application, the global smart containers market is broadly segmented into asset tracking & management, supply chain optimization, safety & security, and other applications. In 2023, the asset tracking & management segment is expected to account for the largest share of the global smart containers market. The large market share of this segment is attributed to the increasing demand for real-time visibility into the location, status, and condition of container assets throughout the supply chain, the increasing need to reduce costs associated with container loss, theft, or misplacement, and growing need to streamline operational processes.

However, the supply chain optimization segment is projected to register the highest CAGR during the forecast period due to the increasing need to identify bottlenecks, optimize inventory levels and transportation routes, streamline logistics operations, minimize transit times, reduce idle container time at ports or warehouses, and improve overall supply chain efficiency.

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Based on sector, the global smart containers market is broadly segmented into pharmaceutical & healthcare, food & beverage, chemicals & hazardous materials, retail & e-commerce, oil & gas, automotive, agriculture, and other sectors. In 2023, the retail & e-commerce sector is expected to account for the largest share of the global smart containers market. The large market share of this segment is attributed to the increasing need to enable real-time tracking and monitoring of container goods, transparency and traceability of shipments throughout the supply chain, and the growing need to minimize delivery delays, order inaccuracies, and loss of packages.

However, the food & beverage sector is projected to register the highest CAGR during the forecast period due to the increasing use of smart containers to enable better inventory management, accurate tracking of product shelf life, maintain the quality, freshness, and safety of perishable goods during transportation, and increasing need to ensure optimal storage conditions for sensitive food & beverage products.

Based on geography, the global smart containers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global smart containers market, followed by Europe and North America. The large market share of Asia-Pacific is mainly attributed to the strong presence of industries such as electronics, automotive, and consumer goods, the region’s commitment to green logistics and eco-friendly operations, increasing use of smart containers for real-time tracking, optimizing logistics operations and improving supply chain visibility, stringent regulatory requirements in pharmaceuticals and food & beverage for traceability and compliance. The region is also projected to register the highest CAGR during the forecast period.

Key Players:

The key players operating in the smart containers market include Panasonic Industry Co., Ltd. (Japan), CMA CGM Group (France), ORBCOMM (U.S.), TRAXENS (France), Globe Tracker, ApS (Denmark), Emerson Electric Co. (U.S.), ZIM Integrated Shipping Services Ltd. (Israel), MSC Mediterranean Shipping Company S.A (Switzerland), Sealand – A Maersk Company (U.S.), China International Marine Containers (Group) Co., Ltd. (China), Berlinger & Co. AG (Switzerland), Hapag-Lloyd AG (Germany), Ocean Network Express Pte. Ltd. (Singapore), Nexxiot AG (Switzerland), Thinxtra Ltd (Australia), SAVVY Telematic Systems AG (Switzerland), Sensolus (Belgium), ZillionSource Technologies (U.S.), and SkyCell AG (Switzerland).

Download Free Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5517

Key questions answered in the report-

Which are the high-growth market segments based on offering, type, size, technology, application, sector, and geography?

What was the historical market for smart containers market?

What are the market forecasts and estimates for the period 2023–2030?

What are the major drivers, restraints, opportunities, challenges, and trends in the smart containers market?

Who are the major players, and what shares do they hold in the smart containers market?

How is the competitive landscape in the smart containers market?

What are the recent developments in the smart containers market?

What are the different strategies adopted by the major players in the smart containers market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the global smart containers market, and how do they compete with the other players?

Contact Us: Meticulous Research® Email- [email protected] Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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superdashme · 5 years ago

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Future-Proofing Smart Reefer Container in a Fast-Changing World

The US Food and Agriculture Organization (FAO) has anticipated the requirement of food production to grow by ~70 % by 2050, owing to the continuous increase in the global population. With the projected global population of 9.2 Bn by 2050, the need for essential food transport facilities will also increase. For instance, the rising population in regions such as Africa, Eastern Europe, and Latin America; the demand for fresh vegetables, fruits, and other perishable commodities has also increased.

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Top Key Players: ORBCOMM Inc., Wireless Links Inc., Traxens, Globe Tracker, ApS, Hapag-Lloyd AG, Nexxiot AG, Maven Systems Pvt. Ltd., AikSphere Technologies Inc., Tracker Systems, Inc., Thermo King Corporation, Arviem AG, Sealand - A Maersk Company

The US and Europe, consumer demand for healthy food products is increasing. Additionally, the shipping companies are witnessing a trend of movement towards containerized shipments of food than conventional break-bulk. For instance, it is noticed that the trade for bananas has now shifted towards containers, which was previously preferred in break-bulk. Thus, the growth in demand for better quality food products is expected to influence the smart reefer deployment.

The report segments the global smart reefer container market as follows:

Global Smart Reefer Container Market - By Offerings

Hardware

Software

Service

Pressure Sensors

Temperature Sensors

Humidity Sensors

Gas Sensors

Position Sensors

Others

Global Smart Reefer Container Market - By Technology

GPS

Cellular

Long Range Wide Area Network

Bluetooth Low Energy (BLE)

Others

Global Smart Reefer Container Market - By Reefer

10GP

20GP

40GP

40HQ

45HQ

Global Smart Reefer Container Market - By End-User Industry

Food & Beverage

Pharmaceutical

Oil & Gas

Chemicals

Military & Defense

Others

Source: The Insight Partners

#Smart Reefer Container Market Trends #Smart Reefer Container Market Share #Smart Reefer Container Market Demand #Smart Reefer Container Market Growth #Smart Reefer Container Market Forecast

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digitalconvo · 4 years ago

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Reefer Container Market Emerging Trends and Competitive Analysis

Reefer Container Market: Overview

Refrigerated container, also referred to as refer containers plays a vital role in logistic sector. The reefer containers are wide and quite spacious. It helps transportation of perishable food items over long distance, across the globe. The entire ship is a refrigerator unit and facilitates transport of meat, dairy products, chemicals, vegetables, fruits, and pharmaceuticals around the globe via water ways.

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Nowadays, reefer containers facilitates transportation of multiple commodity at a time. This provision helps meet the market demand for product without any compromise on price or wastage of the product. Earlier, one refer container used to carry single product. As a result, the destination market used to have abundance of commodity resulting in lowering of the price. This used to act as setback in the export and import business.

However, advancement in the reefer container is pushing the reefer container market globally. Now, wide spaces are divided into several decks and locker space to facilitate transportation of multiple products at a time. Also, the temperature of each deck can be regulated separately.

An upcoming research report on reefer container market provides detailed insights into growth trends and opportunities likely to come to the fore in the said market over the 2019-2029 forecast period. Demand drivers and challenges pertinent to the reefer container market are examined to provide reliable analysis of the refer container market over the forecast period.

Reefer Container Market: Notable developments

Integration of Internet of Things (IoT) with refer containers in transforming the entire reefer operations. The evolved reefer container will ease the entire process of loading and unloading. It comes with controlled atmosphere systems which regulates temperature, thereby slows down ripening of vegetables and fruits over long-distance transportation.

Also, such system will facilitate smooth transport of medicines, hence, flourishing the pharmaceutical industry.

This system will enhance the entire business of export and import across the globe.

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Reefer Container Market: Key Trends

Continuous development in the field of seaborne trade is pushing the demand for advanced refer containers, thereby, contributing to the expansion of reefer container market. The manufacturers are inclined towards high-tech version of reefer containers, or say smart containers. Smart containers are designed in a way to report problems such as shocks due to manhandling or temperature deviation, without any human interfacing. The digital technology is revolutionizing the refer container market as well. It is enabling real-time monitoring of chemical assets, improving efficiency as well as reliability of logistics, cost-effective safety monitoring, and predictive maintenance accuracy.

Bigger size of the reefer containers for transportation of delicate commodities is another major driver in reefer container market. However, large reefer container requires huge investment as well. As a result, the reefer container market might not be able to set foothold in the emerging economies. Also, maintenance cost of reefer cost may also act as hindrance in the growth of reefer container market.

Transportation of pharmaceuticals and industrial gas is increasing at present. This is likely to influence the refer container market in the coming years.

Reefer Container Market: Regional Outlook

Asia Pacific is anticipated to be one of the major contributors in the expansion of reefer container market, owing to the extensive export and import occurring in the region. North America will follow Asia Pacific, as North America is technologically advanced and involved in trade across the globe. However, high cost of the refer containers may restrict its growth in European market.

Some of the key players of reefer container market are- Global Sea Containers Limited (the U.S.), Daikin (Japan), Fortune Container Trading (HK) Limited (China), Klinge Corporation (the U.S.), and Singamas (China). Some of the major vendors operating in refer container market are NYK Line (Japan), Maersk Line (Denmark), and MSC (Switzerland).

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saojip13 · 5 years ago

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Smart Reefer Container Market Research Report Latest Industry Status and Future Growth Outlook

The global smart reefer container market accounted for US$ 823.8 Mn in 2018 and is expected to grow at a CAGR of 8.5% over the forecast period 2019–2027, to account for US$ 1,665.4 Mn in 2027.

The increasing demand for cold chain products and the digitalization of shipping coupled with supportive initiatives from stakeholders are a few of the factors driving the smart reefer container market worldwide. However, the high cost of smart reefer and inadequate cold chain logistics infrastructure in emerging economies may restrain the future growth of the smart reefer container market. Despite these limitations, the rising adoption of smart reefer containers in the F&B and pharmaceutical industries is anticipated to offer ample growth opportunities for the players operating in the smart reefer container market during the forecast period.

Technological developments have undermined huge barriers in the international trade of cold chain products. The smart reefer solutions are overcoming the crucial challenges in the shipping of perishables over long distances. The new and advanced technologies play a significant role in ensuring that the perishable commodities reach fresh and at the desired destinations and also fulfill the strict import protocols that differ from countries to countries. Many of such technologies that facilitate the reefer containers to achieve these standards include atmosphere management, cold disinfestation, and real-time temperature management, among others. Technology such as atmosphere management facilitates to control the atmosphere of reefers and thus, enable the transportation of certain commodities through sea route and helps to maintain the freshness, quality, and lifespan of those products.

The overall smart reefer container market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the smart reefer container market. It also provides the overview and forecast for the global smart reefer container market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart reefer container market. Some of the players present in smart reefer container market are Aiksphere Technologies, Arviem AG, Globe Tracker APS, Hapag-Lloyd AG, Maven Systems Pvt. Ltd., Nexiot AG, ORBCOMM Inc., Sealand (MAERSK), Thermo King Corporation, Tracker Systems, Inc., Traxens, and Wireless Links, Inc. among others.

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Thank you for your time. You can also ask for individual chapter wise or section or region wise report version.

#Smart Reefer Container Manufacturers Smart Reefer Container Market Report Smart Reefer Container types Smart Reefer Container information Sm

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hudsonespie · 6 years ago

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Drewry: Smart Devices To Transform Utility And Value Of Shipping Container Assets

Smart devices have the potential to radically transform the utility and value of shipping container equipment assets, according to Drewry’s latest Container Census & Leasing Annual Review & Forecast 2019/20 report.

Smart containers have increased in prominence in a very short space of time and the pace of adoption is expected to accelerate over the next five years. A container becomes “smart” when fitted with a telematics device that provides real-time tracking and monitoring, enabling operators to increase turn time of their container equipment and so utilisation. It also allows beneficial cargo owners (BCOs) to understand the location and status of their cargo so that they can better control their supply chains.

“There are a number of factors driving this market growth, including growing calls for greater transparency and security across transport value chains,” said Drewry’s director of research products Martin Dixon. “Meanwhile, in shipping there is a demand to know the location of the container and above all the status of that container and the condition of the cargo inside it.”

Image Credit: drewry.co.uk

Drewry estimates that by the end of 2018, around 2.5% of the global container equipment fleet was fitted with smart technology devices. However, take-up varies considerably by equipment type, with penetration already strong in intermodal and reefer containers but much lower in the dry box sector.

Drewry forecasts that the number of smart containers in the global fleet will triple in the five years to 2023 to reach over 2 million units, representing around 6.5% of worldwide box inventories. As technological innovation lowers the cost of devices and enhances their value to BCOs, uptake is expected to accelerate.

Some equipment manufacturers and leasing companies already have plans to supply equipment ready-fitted with devices, and such practices are expected to become widespread among other industry players. Uptake amongst the latter is significant as the rental sector continues to take a lead in container equipment investment and ownership, now controlling comfortably more than half the fleet and expected to extend their share to over 55% by 2023.

Meanwhile, container equipment rental rates have weakened through the first six months of the year following two years of recovery from the depths of the market in 2016. But they still have a long way to go if they are to get back to the returns seen in the earlier part of the decade, when per diems for 40ft high-cubes on the long-term lease were above $1.50, compared with around $1.00 now.

“We expect lease rates to ease back over the near term on slowing growth in global trade and so the demand for containing equipment. However, with newbuild prices also falling cash investment returns are expected to remain stable,” added Dixon.

Reference: drewry.co.uk

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yashsinghpsmr-blog · 7 years ago

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Global Market include High Maintenance Cost of Reefer Containers - Get Complete Industry Insights

The increasing containerization is anticipated to fuel the reefer container market growth in the future. 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 Line 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.

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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.

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.

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digitalconvo · 4 years ago

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Reefer Container Market Emerging Trends, Development, Growth

Reefer Container Market: Overview

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Reefer Container Market: Notable developments

Also, such system will facilitate smooth transport of medicines, hence, flourishing the pharmaceutical industry.

This system will enhance the entire business of export and import across the globe.

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Reefer Container Market: Key Trends

Transportation of pharmaceuticals and industrial gas is increasing at present. This is likely to influence the refer container market in the coming years.

Reefer Container Market: Regional Outlook

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