Perishable Goods Sea Transportation Market Size to Grow by $ 2.38 bn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the perishable goods sea transportation market and it is expected to grow by $ 2.38 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Perishable Goods Sea Transportation Market: Emerging Trends to Impact Market Growth
End-to-end integrated services to emerge as a key trend in the industrial perishable goods sea transportation market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Perishable Goods Sea Transportation Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. A.P. Moller - Maersk AS, C.H. Robinson Worldwide Inc., CMA CGM Group, Deutsche Post DHL Group, DSV Panalpina A/S, Kuehne + Nagel International AG, Mediterranean Shipping Co. SA, Mitsui O.S.K. Lines Ltd., Orient Overseas Container Line, and Schenker AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio has been monitoring the Global Perishable Goods Sea Transportation Market and it is expected to grow by USD 2.38 billion accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Perishable Goods Sea Transportation Market: Key Drivers and Trends
The technological advancements in freight management is one of the major factors that will have a positive impact on the perishable goods sea transportation market growth. Technological advancements have enabled manufacturers to come up with reefers that are equipped with sensors. The reefers adjust the temperature automatically according to the changing surrounding conditions. Reefers also eliminate the need for manual monitoring and interruption by shutting down automatically when not in use. It is essential to maintain the temperature so as to ensure the quality and freshness of processed food items. Increasing demand for processed food is instrumental in driving the growth of the perishable goods sea transportation market.
The introduction of cloud technologies, artificial intelligence, and Internet of things is one of the key perishable goods sea transportation market trends. The evolution of big data analytics has enabled the generation of data about the number of instances the reefer has failed and the time of failure. This enables companies to make informed decisions in terms of proper management of the freight.
Perishable Goods Sea Transportation Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. A.P. Moller - Maersk AS, C.H. Robinson Worldwide Inc., CMA CGM Group, Deutsche Post DHL Group, DSV Panalpina A/S, Kuehne + Nagel International AG, Mediterranean Shipping Co. SA, Mitsui O.S.K. Lines Ltd., Orient Overseas Container Line, and Schenker AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
