Reportstack has announced a new market research report on the Global Reefer Shipping Market 2015-2019. Many companies are using Vessel Sharing Agreements to collaborate and work together to improve their operational efficiency, thus increasing their profitability in the market. The global economic slowdown, high operational costs, and low profitability have forced shipping companies to pool their resources and share reefer container and vessel space to minimize costs. The market is expected to post a CAGR of 2.98 percent during the forecast period of 2014-2019.
An increase in international trade and the growing demand for refrigerated transportation of perishable goods are expected to propel the growth of the market. The refrigerated containers stand to increase their share in the Global Reefer Shipping market at the expense of specialized reefer carriers. Moreover, increased demand for perishable goods, emergence of new trading partners, and contributions from financial institutions are expected to drive the Global Reefer Shipping market.
“Exporters and vendors in the market rent containers instead of purchasing them to minimize the capital cost involved in the Reefer Transportation business,”.
“The exporters can procure reefer containers from container leasing companies. There are numerous companies venturing into container leasing and providing asset financing solutions.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Global Online Lingerie Market 2015-2019.