It is estimated for the global marine freezers market to witness growth at a high CAGR during the forecast period of 2022 to 2030. The market witnessed a healthy rise during the previous forecast period of 2018 to 2021.
The increasing volume of commodities going both in and out of the country are the factors that are driving the growth of the market during the forecast period. Transport refrigeration is necessary for many different ways when it comes to the processing, preservation, and shipping of fresh and frozen food products.
Perishable cargo is kept at the proper temperature throughout transportation using refrigeration units that are specifically made for use in maritime shipping. In the industry, these are referred to as reefer units. For transfers over longer distances and of larger volumes, refrigeration systems built for sea transport are used.
The volume of goods entering and leaving the country is growing, which has increased demand for refrigeration units in maritime transport. Transport refrigeration is required in a variety of ways for the processing, preservation, and delivery of fresh and frozen food products.
It is anticipated that throughout the forecast period of 2022 to 2030, sales of maritime transport refrigeration units will continue to rise significantly as the negative effects of COVID-19 start to lessen. It is projected that demand will continue to be reasonably high given the expanding scope of global business. Traveling abroad is becoming more and more crucial as important industries continue to globalise, which is raising demand.
Increased Economic Growth
Higher economic growth and the shifting lifestyles of the populace in developing economies both indirectly boost the market for maritime transport refrigeration units. Food that doesn’t need to be prepared before consumption has become more and more popular as cities have grown more populous, the middle class has grown, and dietary habits have changed.
The market for maritime transport refrigeration units is being driven by the rise in the shipment of frozen goods due to the rising demand for ready-to-eat food. The current era of global seaborne trade boom is a direct result of the growth of the world economy.
Global Marine Freezers Market – Key Trends
Increasing urbanization to boost the growth of the market
The increase in urbanization, along with the expansion of the middle class, as well as shifts in dietary practices are the factors that are playing a major role in the growth of the market during the forecast period. Also, the changing lifestyles of the population in developing economies are driving the growth of the market across the globe.
Global Marine Freezers Market – Segmental Assessment
By Refrigeration Type
Owing to the rising commerce across the globe it is expected for the freezer category to witness the growth at a healthy rate during the forecast period.
By Vessel Types
• Bulk Carriers
• General Cargo
• Container Ships
• Passenger Ships and Ferries
• Mega Yachts
• Other Vessels
The passenger ships and ferries are estimated to stand high during the growth of the market during the forecast period of 2022 to 2030.
By End Use
• Fruits and Vegetables
• Meat and Sea Food
Owing to the rising demand for meat and sea food the category is estimated to witness a high growth during the forecast period.
Global Marine Freezers Market – Competitive Hierarchy
The global market for maritime transport refrigeration units is highly competitive, but there are fewer market competitors than in previous years. The major players in the market include Daikin, Mitsubishi Heavy Industries, Klinge Corporation, SEA Mark Reefer Solutions, Guchen Thermo, United Technologies Corporation (Carrier Transicold), Webasto and others.
Frequently Asked Questions
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