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.
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