Press release
Dry containers to be largely used in shipping in the coming years will Boost Global Shipping Containers Market
Shipping containers also referred to as ‘freight containers or cargo containers’, are rectangular steel containers used for intermodal transportation of goods across the globe. The use of shipping containers for transportation of goods has emerged as an effective alternative to conventional methods involving loading of cargo directly onto ships. As such, adoption of shipping containers for intermodal transportation of goods and perishables has resulted in improved efficiency and greater ease in handling cargo.
Request for Report Sample@ https://www.persistencemarketresearch.com/samples/6748
Growth of seaborne trade is expected to emerge as a major factor driving the growth of the global shipping containers market during the forecast period. Besides, growing containerization, i.e. adoption of containers for transportation as against traditional methods of loading goods directly onto ships, is another factor expected to fuel the growth of the global shipping containers market during the forecast period. Moreover, the decline in global oil prices is resulting in cost savings, which shipping companies can invest in the purchase of shipping containers. Also, variation in prices of steel in turn is affecting the average selling price of these containers. However, slower economic growth in countries such as China and certain European countries is likely to impede the growth of the global shipping containers market during the forecast period. Revenue from the global shipping containers market is expected to increase from US$ 8.29 Bn in 2015 to US$ 11.47 Bn by 2021, expanding at a CAGR of 5.6% during the forecast period.
In terms of market value, Europe is expected to dominate the global shipping containers market during the forecast period. Asia Pacific is expected to be the second largest market for shipping containers and account for a revenue share of around 35% of the estimated global shipping containers market value for 2015. It is slated to expand at a CAGR of around 5.4% between 2015 and 2021.
On the basis of product types, the dry containers segment is slated to dominate the global shipping containers market throughout the forecast period. However, due to increasing adoption of reefer containers for transportation of perishables, this segment is expected to be the fastest-growing segment in terms of product type in the global shipping containers market during the forecast period. In terms of market value, the reefer containers segment is expected to expand at a CAGR of 6.3% between 2015 and 2021.
Request for Report Table of Content (TOC) @ https://www.persistencemarketresearch.com/methodology/6748
China International Marine Containers Co., Ltd. (CIMC), Singamas Container Holdings Ltd., and CXIC Group Containers Company Limited are leading players in the global shipping containers market. Other players include Maersk Container Industry AS and Dong Fang International Container (Hong Kong) Co., Ltd.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Dry containers to be largely used in shipping in the coming years will Boost Global Shipping Containers Market here
News-ID: 1607891 • Views: …
More Releases from Persistence Market Research
Aseptic Packaging Market Set to Grow to US$136.5 Bn by 2033 Driven by Rising Foo …
Introduction: Aseptic Packaging Market Overview and Industry Evolution
The aseptic packaging market has emerged as a cornerstone of modern food, beverage, and pharmaceutical preservation systems. As global consumers increasingly seek safe, long-lasting, and convenient packaged products, aseptic packaging solutions have gained substantial importance. This technology allows products to be sterilized separately from packaging materials and filled in a sterile environment, ensuring extended shelf life without refrigeration or preservatives. The rising demand…
Gas-Insulated Transmission Line (GIL) Market Expected to See Growth to US$836.9 …
Introduction: Rising Demand for Advanced Power Transmission Solutions
The global energy landscape is undergoing a major transformation as nations accelerate investments in renewable energy, grid expansion, and reliable electricity distribution networks. With rapid urbanization, industrialization, and digital infrastructure growth, the demand for uninterrupted and efficient power transmission has never been higher. Traditional overhead transmission systems, while widely used, face challenges related to land constraints, environmental exposure, and transmission losses. This has…
Dimethyl Sulfide (DMS) Market Anticipated to Reach US$ 251.2 Mn by 2033, Driven …
Market Overview: Expanding Demand for Dimethyl Sulfide Across Industries
The Dimethyl Sulfide (DMS) market is witnessing consistent growth due to its widespread applications across food processing, pharmaceuticals, agriculture, and chemical manufacturing. Dimethyl sulfide is an organosulfur compound known for its distinctive odor and reactive properties, making it a crucial intermediate in multiple industrial processes. In food and beverage applications, it is valued for flavor enhancement, while in chemical manufacturing, it serves…
Onyx Stone Market to Surge to Reach US$ 1.8 Bn by 2033 Driven by Construction & …
Market Overview: Rising Demand for Premium Natural Stones
The onyx stone market has gained remarkable prominence in recent years, driven by increasing demand for luxury natural stones in architecture, interior décor, and artistic applications. Onyx, known for its translucent appearance and unique veining patterns, has become a preferred choice for premium residential and commercial projects. The material's ability to elevate aesthetic appeal while maintaining durability has attracted designers, architects, and homeowners…
More Releases for Container
Food Container
The Food Container market value was US$ $$ million in 2020. The Food Container market value is forecast to reach US$ $$ million by 2031, growing at a compound annual growth rate (CAGR) % during the forecast period from 2023-2031.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=AR37613
As the global economy recovers in 2021 and the supply of the industrial chain improves, the Food Container market will undergo major changes.…
Container Fleet Market: Information by Type (Reefer Container, Tank Container, D …
Container fleets are bulky shipping containers that are capable of withstanding the transportation of various goods ranging from dry goods to hazardous liquids. Before the emergence of container fleets, the cost associated with ocean freight and port handling in tandem with the uncertainties involved resulted in less economic outcomes. However, modern specialized container vessels offer several cost reduction benefits in the transportation of goods, thus acting as the primary source…
Aircraft Container & Pallet Loader Market size and Key Trends in terms of volume …
Aircraft Container & Pallet Loader Market: Introduction
Aircraft container & pallet loader is a unit load device used across airports to transport containers & pallet loads. Aircraft container & pallet loader eases the transport of cargo by allowing different types of goods, which are to be packed and kept into a single unit container. The aircraft container & pallet loader helps the cargo handlers across the entire cargo chain, from…
Shipping Containers Market by Size of Container (Small Container (20 feet), Larg …
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…
Global Marine Container Market 2019 - CIMC, SINGAMAS, Maersk Container Industry, …
The new market research study on Global Marine Container Market in-depth market analysis with specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends. The Marine Container market report makes a case for investments in particular regions based on a realistic view of their regulatory environment, manufacturing dynamics and availability of skills and resources.The report’s analysis is based on technical data and industry figures…
Shipping Container Market is Booming (9% CAGR)| CXIC, Dong Fang International Co …
HTF MI published a new industry research that focuses on Shipping Container market and delivers in-depth market analysis and future prospects of Global Shipping Container market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is…
