Asia-Pacific Refrigerated Container Shipping Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Refrigerated Container Shipping Market Report is Segmented by Size (Small, Large, and High Cube Containers), Mode of Transportation (road, Sea, Rail, and Air), and Country (Australia, Bangladesh, China, India, Indonesia, Japan, Pakistan, Philippines, Thailand, and Vietnam). The Report Offers Market Size and Forecasts in Values (USD) for all the Above Segments.

Asia-Pacific Refrigerated Container Shipping Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Asia Pacific Refrigerated Container Shipping Market Size

Asia Pacific Refrigerated Container Shipping Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 6.97 Billion
Market Size (2029) USD 10.76 Billion
CAGR (2024 - 2029) 9.07 %
Market Concentration Low

Major Players

Asia Pacific Refrigerated Container Shipping Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia Pacific Refrigerated Container Shipping Market with other markets in Logistics Industry

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Asia Pacific Refrigerated Container Shipping Market Analysis

The Asia Pacific Refrigerated Container Shipping Market size is estimated at USD 6.97 billion in 2024, and is expected to reach USD 10.76 billion by 2029, growing at a CAGR of 9.07% during the forecast period (2024-2029).

  • The Asia-Pacific refrigerated transport market is principally determined by the rising interest in refrigerated leafy foods because of the further developing ways of life and supported financial development. Refrigerated transportation ensures the year-round availability of seasonal goods and extends the shelf life of perishable goods to help preserve their freshness. In addition, the market is expanding due to the rise in cross-border and international trade and the growing preference for outsourcing logistics services. In addition, state-run administrations of a few nations in the district executed rules and guidelines concerning the creation, handling, transportation, and nature of items to help refrigerated transport.
  • China held a greater share of 58% than the Asia-Pacific shipping container market in 2022 and is anticipated to continue its dominance throughout the forecast period as well. It is major in light of the developing interest in items and enormous reliance on seaborne exchange in the country. The shipping container market's expansion is hampered by price swings in transportation and inventory, as well as an increase in trade-related agreements and increased demand for ship-based cargo transportation. However, opportunities for the Asia-Pacific Shipping Container Market's expansion throughout the forecast period are anticipated to be provided by factors such as the anticipated trend toward automation in marine transportation and an increase in marine safety regulations.

Asia Pacific Refrigerated Container Shipping Industry Overview

The container shipping market is fairly fragmented, with the presence of many international companies in the market. The top players in the segment include China Eastern Containers, China International Marine Containers (Group) Ltd (CIMC), Maersk, Florens Asset Management Company Limited, and Guangdong Fuwa Engineering Group Co. Ltd. High barriers to entry due to the high cost of vehicles and increasing economies of scale affect competition in the industry.

The industry structure is also affected by strict international government regulations and the cyclicality of demand. Shipping firms are making prudent investments in new assets to guarantee reliability and efficiency to their customers and earn superior returns on their investments. The anticipated trend of automation in marine transportation and the rise in marine safety norms are also expected to create opportunities for market players in the coming years.

Asia Pacific Refrigerated Container Shipping Market Leaders

  1. China Eastern Containers

  2. China International Marine Containers (Group) Ltd (CIMC)

  3. Maersk

  4. Florens Asset Management Company Limited

  5. Guangdong Fuwa Engineering Group Co. Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Asia Pacific Refrigerated Container Shipping Market Concentration
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Asia Pacific Refrigerated Container Shipping Market News

  • April 2023: CIMC and POWIN set up a joint venture to deepen cooperation in energy storage business. Powin is an American battery energy storage system integrator and manufacturer headquartered in Portland, Oregon. It was engaged in the energy storage field for nearly 10 years, and is one of the head energy storage integrators in the United States. According to the ranking released by Navigant Research, a market research organization in the United States, Powin is ranked among the TOP 3 global energy storage system integrators in recent years.
  • March 2023: Maersk launched the new Captain Peter Integrated package. It enabled data integration with the Application Programming Interface (API) for customers to get the raw data log with temperature readings into their system of choice. It could be their transportation management system or a 3rd party platform. In addition, the contractual customer can now grant access for their shippers and consignees to log in and view shipment details directly in Captain Peter.

Asia Pacific Refrigerated Container Shipping Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Size and Demand Forecast
  • 4.3 Market Dynamics (Drivers, Restraints, and Opportunities)
    • 4.3.1 Market Drivers
    • 4.3.1.1 Increasing Demand for Pharmaceutical Products
    • 4.3.1.2 Increasing Demand for frozen persihable commodities
    • 4.3.2 Market Restraints
    • 4.3.2.1 Operational and Financial Challenges Associated with Reefer Containers
    • 4.3.3 Market Opportunities
    • 4.3.3.1 Smart reefer containers gain demand
  • 4.4 Technology Trends and Automation
  • 4.5 Government Regulations and Initiatives
  • 4.6 Value Chain / Supply Chain Analysis

5. MARKET DYNAMICS

  • 5.1 Market Drivers
  • 5.2 Market Restraints/Challenges
  • 5.3 Value Supply Chain Analysis
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Suppliers
    • 5.4.2 Bargaining Power of Buyers/Consumers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Subsititute Products
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By Size
    • 6.1.1 Small
    • 6.1.2 Large
    • 6.1.3 High Cube Containers
  • 6.2 By Mode of Transportation
    • 6.2.1 Road
    • 6.2.2 Sea
    • 6.2.3 Rail
    • 6.2.4 Air
  • 6.3 By Country
    • 6.3.1 Australia
    • 6.3.2 Bangladesh
    • 6.3.3 China
    • 6.3.4 India
    • 6.3.5 Indonesia
    • 6.3.6 Japan
    • 6.3.7 Pakistan
    • 6.3.8 Philippines
    • 6.3.9 Thailand
    • 6.3.10 Vietnam

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 China Eastern Containers
    • 7.1.2 China International Marine Containers (Group) Ltd (CIMC)
    • 7.1.3 Maersk
    • 7.1.4 Florens Asset Management Company Limited
    • 7.1.5 Guangdong Fuwa Engineering Group Co. Ltd
    • 7.1.6 CXIC (CHANGZHOU XINHUACHANG INT'L CONTAINERS Co. Ltd) Group Containers Company Limited
    • 7.1.7 Sea Box Inc.
    • 7.1.8 Singamas Container Holdings Limited
    • 7.1.9 TLS Offshore Containers International Pvt Ltd.
    • 7.1.10 W&K Conatiners Ltd.*
  • *List Not Exhaustive

8. FUTURE OF THE MARKET

9. APPENDIX

**Subject to Availability
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Asia Pacific Refrigerated Container Shipping Industry Segmentation

The process of shipping freight that necessitates special temperature-controlled vehicles is referred to as "refrigerated transport." A built-in refrigeration system keeps the goods at a comfortable temperature while they are being transported in these vehicles. A few items that need persistent refrigeration incorporate organic products, vegetables, meat, dairy, and fish, as well as clinical items, drugs, and blossoms. In the Asia-Pacific locale, refrigerated transport builded up some decent forward movement as it keeps an optimal temperature and holds the items back from disintegrating during the transportation cycle.

The Asia-Pacific Refrigerated Container Shipping Market is segmented by size (small, large, and high cube containers), mode of transportation (road, sea, rail, and air), and country (Australia, Bangladesh, China, India, Indonesia, Japan, Pakistan, Philippines, Thailand, and Vietnam). The report offers market size and forecasts in values (USD) for all the above segments.

By Size Small
Large
High Cube Containers
By Mode of Transportation Road
Sea
Rail
Air
By Country Australia
Bangladesh
China
India
Indonesia
Japan
Pakistan
Philippines
Thailand
Vietnam
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Asia Pacific Refrigerated Container Shipping Market Research FAQs

How big is the Asia Pacific Refrigerated Container Shipping Market?

The Asia Pacific Refrigerated Container Shipping Market size is expected to reach USD 6.97 billion in 2024 and grow at a CAGR of 9.07% to reach USD 10.76 billion by 2029.

What is the current Asia Pacific Refrigerated Container Shipping Market size?

In 2024, the Asia Pacific Refrigerated Container Shipping Market size is expected to reach USD 6.97 billion.

Who are the key players in Asia Pacific Refrigerated Container Shipping Market?

China Eastern Containers, China International Marine Containers (Group) Ltd (CIMC), Maersk, Florens Asset Management Company Limited and Guangdong Fuwa Engineering Group Co. Ltd are the major companies operating in the Asia Pacific Refrigerated Container Shipping Market.

What years does this Asia Pacific Refrigerated Container Shipping Market cover, and what was the market size in 2023?

In 2023, the Asia Pacific Refrigerated Container Shipping Market size was estimated at USD 6.34 billion. The report covers the Asia Pacific Refrigerated Container Shipping Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Refrigerated Container Shipping Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia Pacific Refrigerated Container Shipping Industry Report

Statistics for the 2024 Asia Pacific Refrigerated Container Shipping market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Refrigerated Container Shipping analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.