Shipping Containers Market by Size of Container (Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet)), and Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container)

Asia-Pacific and Europe are the potential markets for the growth of shipping container industry. Moreover, rise in seaborne trade and improvement in transportation services further supplements the market growth. However, slower economic growth in European countries and loss of containers in ocean during sea storms hinders the market growth. Investment in high cube container segment can be beneficial for the growth of the market of key players.

According to a new report published by Allied Market Research, titled, Shipping Containers Market by Size of Container and Product type: Global Opportunity Analysis and Industry Forecast, 2015-2023, the global shipping container market was valued at $8,705 million in 2015, and is expected to reach $12,083 million by 2023, growing at a CAGR of 4.5% during the forecast period. The small container (20 feet) segment is anticipated to dominate the market throughout the analysis period. Asia-Pacific accounted for approximately 35% share of the global market in 2015, and is projected to lead in the future.

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Shipping container is a standardized reusable steel box used for the storage and movement of materials and products within a freight transport system. ISO or intermodal containers are used for the intermodal transport of freight. They are manufactured according to specifications from the International Organization for Standardization (ISO) and are suitable for multiple transportation methods such as truck, rail, or ship. These regulations define a shipping container that meets size, strength, and durability requirements. The basis of these regulations is to guarantee that the container are expected to withstand extreme environments endured during transport as well as possess the structural integrity needed to be lifted by cranes or other heavy equipment.

The global shipping containers system market is projected to reach $12,083 billion by 2022, to grow at a CAGR of 4.5% from 2017 to 2023. The dry storage container segment in product type segmentation was the highest revenue contributor to the global shipping containers market in 2015. Also, small containers (20 feet) dominated the market in 2015 and is expected to maintain its position throughout the forecast period at a CAGR of 4.2%. Asia Pacific is projected to remain the prime revenue contributor throughout 2023, which is expected to account for more than 38% of the share in 2023 in the global market.

This was attributed to an increase in seaborne trade, and growing trend of containerization of products worldwide. China accounted for about 47% of the share of the Asia Pacific market. LAMEA is anticipated to have a faster growth rate than North America over the forecast period. This is due to the availability of larger coastal line and increase in dependency over seaborne trade by countries in this region.

The size of containers segment is segmented into small containers (20 feet), large containers (40 feet), and high cue containers (40 feet). In 2015, the small containers segment occupied a majority of the market share and is expected to maintain its dominance throughout the forecast period (2017-2023). This is due to increase in manufacturing facilities, and growing import and export of commodities by countries worldwide. The high cube containers segment is anticipated to grow at the highest CAGR, owing to long life span, modest maintenance cost, and versatility of the container attached to it.

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Based on product type, the market is divided into dry storage container, flat rack container, refrigerated container, special purpose container, and others. In 2015, the dry storage container segment accounted for the largest market share, followed by flat rack container, and refrigerated container. The dry storage container segment is anticipated to grow at the highest growth rate due to an increase in the volumetric usage. Also, flat rack, and special purpose containers are also anticipated to grow at a decent rate over the forecast period (2017-2023).

The key market players profiled in the report are China International Marine Containers (Group) Ltd., TLS Offshore Containers International, CXIC GROUP, A.P. MOLLER - MAERSK GROUP, Singamas Container Holdings Limited, Dong Fang International Asset Management Ltd., W&K Containers, Inc., YMC Container Solutions, China Shipping Container Lines Co., Ltd., and Jindo Co., Ltd.

Key Findings of the Shipping Containers Market:

• The small container (20 feet) segment is projected to generate the highest revenue in the global market by 2023.
• The high cube container segment is projected to grow at the highest CAGR of 4.9% during the analysis period (2017-2023).
• The dry storage container segment is projected to generate the highest revenue in the global market by 2023. Also, it is anticipated to grow at the highest CAGR of 5.4% during the analysis period (2017-2023).
• Asia-Pacific holds the majority of the market share in 2015 and is anticipated to hold its position over the forecast period. Asia pacific is anticipated to grow at the highest CAGR of 5.7% during the analysis period.
• China was the major shareholder in the Asia Pacific shipping containers market, which accounted for about 47% of the market share in 2015.

LIST OF TABLES

TABLE 1. SHIPPING CONTAINERS MARKET, BY SIZE OF CONTAINERS, 2015-2023 ($MILLION)
TABLE 2. SMALL CONTAINERS (20 FEET) MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 3. LARGE CONTAINERS (40 FEET) MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 4. HIGH CUBE CONTAINERS (40 FEET) MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 5. SHIPPING CONTAINERS MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 6. DRY STORAGE CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 7. FLAT RACK CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 8. REFRIGERATED CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 9. SPECIAL PURPOSE CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 10. OTHERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 11. SHIPPING CONTAINERS MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 12. NORTH AMERICA: SHIPPING CONTAINERS MARKET, BY SIZE OF CONTAINERS, 2015-2023 ($MILLION)
TABLE 13. NORTH AMERICA: SHIPPING CONTAINERS MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 14. NORTH AMERICA: SHIPPING CONTAINERS MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 15. EUROPE: SHIPPING CONTAINER MARKET, BY SIZE OF CONTAINER, 2015-2023 ($MILLION)
TABLE 16. EUROPE: SHIPPING CONTAINER MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 17. EUROPE: SHIPPING CONTAINER MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 18. ASIA-PACIFIC: SHIPPING CONTAINER MARKET, BY SIZE OF CONTAINER, 2015-2023 ($MILLION)
TABLE 19. ASIA-PACIFIC: SHIPPING CONTAINER MARKET, BY PRODUCT TYPE, 2015-2023 ($MILLION)
TABLE 20. ASIA-PACIFIC: SHIPPING CONTAINER MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 21. LAMEA: GASOLINE DIRECT INJECTION MARKET, BY COMPONENT, 2015-2023 ($MILLION)
TABLE 22. LAMEA: GASOLINE DIRECT INJECTION MARKET, BY VEHICLE TYPE, 2015-2023 ($MILLION)
TABLE 23. LAMEA: GASOLINE DIRECT INJECTION MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 24. CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) LTD.: COMPANY SNAPSHOT
TABLE 25. CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) LTD.: OPERATING SEGMENTS
TABLE 26. TLS OFFSHORE CONTAINERS INTERNATIONAL: COMPANY SNAPSHOT
TABLE 27. TLS OFFSHORE CONTAINERS INTERNATIONAL: OPERATING SEGMENTS
TABLE 28. CXIC GROUP: COMPANY SNAPSHOT
TABLE 29. CXIC GROUP: OPERATING SEGMENTS
TABLE 30. A.P. MOLLER - MAERSK GROUP: COMPANY SNAPSHOT
TABLE 31. A.P. MOLLER - MAERSK GROUP: OPERATING SEGMENTS
TABLE 32. SINGAMAS CONTAINER HOLDINGS LIMITED: COMPANY SNAPSHOT
TABLE 33. SINGAMAS CONTAINER HOLDINGS LIMITED: OPERATING SEGMENTS
TABLE 34. DONG FANG INTERNATIONAL ASSET MANAGEMENT LTD.: COMPANY SNAPSHOT
TABLE 35. DONG FANG INTERNATIONAL ASSET MANAGEMENT LTD.: OPERATING SEGMENTS
TABLE 36. W&K CONTAINERS, INC.: COMPANY SNAPSHOT
TABLE 37. W&K CONTAINERS, INC.: OPERATING SEGMENTS
TABLE 38. YMC CONTAINER SOLUTIONS: COMPANY SNAPSHOT
TABLE 39. YMC CONTAINER SOLUTIONS: OPERATING SEGMENTS
TABLE 40. CHINA SHIPPING CONTAINER LINES CO., LTD.: COMPANY SNAPSHOT
TABLE 41. CHINA SHIPPING CONTAINER LINES CO., LTD.: OPERATING SEGMENTS
TABLE 42. JINDO CO., LTD.: COMPANY SNAPSHOT
TABLE 43. JINDO CO., LTD.: OPERATING SEGMENTS

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