Market Share of Asia Pacific Refrigerated Container Shipping Industry
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
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China Eastern Containers
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China International Marine Containers (Group) Ltd (CIMC)
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Maersk
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Florens Asset Management Company Limited
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Guangdong Fuwa Engineering Group Co. Ltd
*Disclaimer: Major Players sorted in no particular order
