Dry Van Container Industry Market 2018 Expected huge Growth by 2028 Including Opportunities, Strategies, Suppliers, Consumption, Challenges, Revenue, & Forecast by Application, Technologies and Region – North America, APEJ, MEA, Europe, Japan

Dublin 2, Ireland, 2018-Jul-18 — The dry van container market is envisioned to observe a moderate rise in the forecast period 2018 to 2028, according to a new FactMR study. The study propounds key trends that are currently shaping growth of the dry van container market. This newly published and insightful report sheds light on key dynamics, which are expected to transform future of the dry van container market, in turn creating lucrative avenues for prominent companies as well as emerging players associated with the manufacturing of dry van containers.

The Dry Van Container Market study is an intricate market intelligence on key revenue growth determinants, challenges, industry trends, and opportunities, which will eventually influence growth trajectory of the dry van container market. The report initially imparts an overview of the dry van container market, considering current and future logistics and transportation industry prospects, to unveil attractive facets appertaining to adoption of dry van containers across key regional markets.

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Resurgence in international trade coupled with increasing reliance on seaborne trade continue to remain instrumental in pushing the adoption of dry van container worldwide. That said, manufacturers are focusing on implementation of advanced technologies along with sporadic innovations dry van container manufacturing processes in order to enhance the service period of the dry van container along with its efficiency in transportation of bulk products. Moreover, high availability and various advantages of enclosed trailers have triggered the adoption of dry van container as a popular means of transportation.

Understanding different aspects of a dry van container, Fact.MR has compiled various insights pertaining to demand and supply scenario of dry van container in a new research report. According to the report, the dry van container market is projected to expand at a CAGR of 2.8% in terms of value throughout the period of forecast, 2018-2028. Moreover, the report also reveals that the dry van container sales are expected to remain concentrated in the emerging economies of Asia Pacific excluding Japan (APEJ) region, followed by Europe and North America.

Furthermore, with a potential rebound in the liner sector, dry van container manufacturing also witnessed a significant come back, and is staged at a more than 50 percent recoil in 2017 as compared to previous years. This translated into an increased adoption of dry van container for shipping cargo, which, as a consequence, resulted into new advancements with respect to incorporation of smart technologies in dry van container models.

Steel has been a preferred choice for manufacturing of dry van container, given the various benefits associated with the material. Apart from high durability, steel pricing plays an important role, as it is cheaper as compared to aluminum. This factor pushed its demand as a beneficial material for containers used in transportation or logistics.

Moreover, aluminum, in the recent times has gained significant traction, albeit its use at a low base. High strength, corrosion resistance, magnetic resistance, high elasticity and malleability and low weight has fueled its demand in the container space. Dry van container made from aluminum is expected to catch steam in the coming years, albeit high cost price associated with this material.

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Stability from an economic standpoint across regions has facilitated favorable environment for international trade. That said, globalization and industrialization are the prime fillips fuelling expansion of seaborne trade. According to ICS (International Chamber of Shipping), seaborne trade accounts for more than 90 percent of the global overseas trade. This has translated into a significant increase in development of large ships with a high container capacity. In response, dry van container manufacturing is expected to further accelerate to cater to the growing demand. This factor remains a key growth determinant for dry van container market in the forthcoming years.

Dry Van Container Market: Dwindling Oil Prices to Trigger Growth

Sharp decline in oil prices on back of changing global scenario is expected to support the growth of the shipping industry, in turn pushing the demand for dry van containers. That said, the production of fuel is expected to increase in the coming years, paving new opportunities of growth for dry van container. For instance, U.S Energy Information Administration (EIA) estimated that the production of fuel is expected to touch 10.7 million barrels per day, the highest production registered in US history. This increased the reliance of manufacturers on shipping industry for transportation of products. As a consequence, declining oil prices coupled with growing shipping industry is expected to fuel the demand for dry van container during the forecast period.

Table of Contents

Chapter 1 Executive Summary

1.1 Dry Van Container Market- Opportunity Assessment (US$ Mn)

1.2 Mega Trends

1.3 Competitive Analysis (Fortune Wheel)

Chapter 2 Global Dry Van Container Market Overview

2.1 Introduction

2.2 Market Definition

2.3 Scope of the report

Chapter 3 Market Dynamics

3.1 Key Growth Drivers

    3.1.1 Drivers

    3.1.2 Restraint

    3.1.3 Opportunities

    3.1.4 Trends

3.2 Supply Chain

3.3 Cost Structure

Continued…………………

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This release was published on openPR.