IMARC Group, a leading market research company, has recently releases report titled “Shipping Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the shipping container market outlook 2023, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the shipping container market?
- Market Size in 2022: US$ 10.3 Billion
- Market Forecast in 2028: US$ 16.4 Billion
- Growth rate (2023 to 2028): CAGR of 8.02%
- Base Year of the Analysis: 2022
- Forecast Period: 2023-2028
What are shipping container?
A shipping container is a big metal box transporting goods via ships, trains, and trucks. It is made of steel and comes in standard sizes of 20 feet, 40 feet, and 45 feet, with a height of 8 feet and a width of 8.5 feet. It is designed to be stackable and easily movable, making it a popular choice for transporting goods across long distances. It has revolutionized the logistics industry, making moving goods across the world easier and more efficient. It provides a cost-effective and secure way to transport a wide range of goods, from consumer products to heavy machinery. It can also be repurposed for various applications, including housing, storage, and even as building blocks for constructing innovative structures.
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What are the growth prospects and trends in the shipping container industry?
The global market is majorly driven by the increasing demand for goods transportation. In line with this, the growth of global trade is significantly contributing to the market. Furthermore, the expansion of e-commerce and rising demand for consumer goods are positively influencing the market. Apart from this, the key companies are focused on expanding their production capacity, investing in new technologies, and developing innovative container designs to meet the customers’ evolving needs. Moreover, the development of new shipping routes is catalyzing the market worldwide.
The expansion of manufacturing in emerging economies has led to accelerating demand for shipping containers across the globe. As more people move to urban areas, the demand for goods transportation has increased, driving the market expansion. Besides, the growing infrastructural activities and rapid usage of intermodal transportation are propelling the market. The rapidly expanding urban population has created a demand for goods, which has propelled the need for shipping containers worldwide. Rapid container design and tracking innovations have made shipping more efficient, safe, and secure, driving the demand for the product. In addition, the increasing demand for fresh and perishable goods is bolstering the demand for refrigerated containers, driving market expansion. Other factors driving the market include growth of industrial production, political stability and trade agreements between countries, widespread adoption of efficient and environmentally-friendly shipping containers, and economic growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Table of Contents
Product:
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Special Purpose Containers
- Others
Container Size:
- Small Containers (20 feet)
- Large Containers (40 feet)
- High Cube Containers
- Others
Application:
- Food and Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Vehicle Transport
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- A.P. Moller – Maersk
- CARU Containers B.V
- China Eastern Containers
- COSCO SHIPPING Lines Co. Ltd. (China COSCO Shipping Corporation Limited)
- CXIC Group Containers Company Limited
- OEG Offshore Limited
- Ritveyraaj Cargo Shipping Containers
- SEA BOX Inc.
- Singamas Container Holdings Limited
- TLS Offshore Containers International
- W&K Containers Inc.
- YMC Container Solutions
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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