Research and Markets reported that the global reefer container leasing market will grow at a CAGR of 15.92% during the period 2017-2021.
According to the report, one of the major drivers for this market is the rising dominance of leasing players in the global reefer container market. In early 2008, it was noted that more than 90% of the investment in the global reefer container market was made by shipping players, and only a minimal percentage of the investment was made by leasing players.
The latest trend gaining momentum in the market is the growing trade in refrigerated goods. The global refrigerated cargo shipment is expected to grow around 4.5% to 5.5% annually during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in reefer container prices. The global reefer container price shows a fluctuating growth after the steep decline in 2008 to 2009.
Beacon Intermodal Leasing, CAI International, Seaco, SeaCube Container Leasing, Textainer, Triton International, CARU Container, China COSCO Shipping and Touax Container Solutions are noted in the report as key vendors.
The lease product meshes well with commercial banks as it can provide financing for assets existing customers use in their business and point of sale financing for products these customers sell. To finance the equipment customers use in their business,... read more
Monitor 100 2018
Recently, The Alta Group and The Alta Group-EMEA (Invigors) completed a digital benchmark study aimed at understanding the current state of digitalization within the equipment leasing industry. We engaged a diverse set of lessors across industry sectors and geographies. The... read more