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Dry Van Container Market Value Share, Analysis and Segments 2018-2028
Dry Van Container
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 fuelled 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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Dry Van Container Market: Tug of War Between Europe and North America
The demand for dry van container in Europe is expected to increase at a significant pace in the coming years on the back of increasing trade activities in the region. With recovery of the EU economy, European markets have shifted their focus towards adoption of new carriers. With respect to freight logistics, Germany is expected to largely contribute to the growth of the dry van container market in Europe, it being ranked first in terms of logistics performance according to World Bank analysis. Moreover, limited trade regulations have favored seaborne trade among Europe and emerging economies in Asia Pacific and Africa. This aspect has actively pushed the growth in sales and demand for dry van container in Europe.
On the other hand, North America is expected to showcase a relatively low adoption of dry van container as compared to Europe. However, significant opportunities lie in this region, particularly in the United States, given its strong shipping line. According to World Shipping Council, containerized shipping sector provides foundation for more than one-third of economic activity in the region. In addition, a recent enforcement – Made in America – has gained substantial momentum, consequently increasing the manufacturing output by 7 percent in 2017 Q4. This coupled with various companies focusing on production enhancement, has triggered growth of the intermodal container leasing sector, which in turn has supported the growth of dry van container market in North America during the period of forecast.
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Dry Van Container Market: Rising Seaborne Trade to Pave Growth Opportunities
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.
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Table of Contents Covered in this report are
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
3.4 Logistics Industry Overview
3.4.1 Logistics Industry by Region, 2017 (in %)
3.4.2 Logistics Industry by Top Countries, 2017 (in US$ Bn)
3.5 Global Shipping Containers Market
3.5.1 Global Shipping Containers Market Value, Volume Forecast and Analysis, 2018-2028
3.5.2 Global Shipping Containers Market by Region
3.5.3 Global Shipping Containers Market by Product Type
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3.6 Global Sea-borne Trade Growth Outlook
3.6.1 Global Sea-Borne Trade Influential Factors
3.6.2 Economic Growth and Seaborne Trade
3.6.3 Key Developments in the Global Sea Trade Market
3.6.4 Financial unstability among shipping companies and Consolidations
3.6.5 World Shipping Containers Fleet Size (Mn TEUs), 2013-2017
3.7 Forecast Scenario
3.8 Forecast Factors and Relevance of Impact
3.9 Porter’s Five Forces Analysis
3.10 Key Takeaways
3.11 PESTLE Analysis
3.12 Investment Feasibility Matrix
3.13 Trade Analysis by Top Countries
3.13.1 Global Import Data of Top Countries (in US$ Bn)
3.13.2 Global Export Data of Top Countries (in US$ Bn)
3.14 Global Dry Van Container Market- Price Point Analysis
3.14.1 Price Point Assessment by Region
3.14.2 Price Point Assessment by Container Size
3.14.3 Price Forecast till 2028
3.14.4 Factors Influencing Pricing
3.15 Key Market Participants – Heat Map Analysis
Chapter 4 Global Dry Van Container Market Analysis
4.1 Global Dry Van Container Market Outlook
4.1.1 Market Value, Volume Forecast and Analysis
4.1.2 Price Index and Price Point Assessment
4.1.3 Regional Demand Assessment
4.1.3.1 Market Volume Share by Region
4.2 Global Dry Van Container Market Revenue Analysis (US$ Mn) and Volume (TEU) by Container Size, 2018-2028
4.2.1 Dry Van 20 ft.
4.2.2 Dry Van 40 ft.
4.2.3 Dry Van 40 ft. High Cube
4.2.4 Others
4.2.5 Y-o-Y Growth Comparison by Container Size
4.2.6 Market Attractiveness Analysis by Container Size
And Continue...
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