ISO Containers Market Future Scope & Leading Companies | Stolt-Nielsen Limited, HOYER GmbH, NewPort Tank, Bertschi AG, Bulkhaul Ltd., Sinochain Logistics Co., Ltd, Den Hartogh Logistics, Intermodal Tank Transport., Interflow TCS Ltd

The overall iso containers market is expected to grow from 552 thousand units in 2018 to 1,093.5 thousand units by 2026 at a CAGR of 8.8% during the forecast period. The global International Organization Standardization or ISO container market size is anticipated to witness remarkable growth on account of the increasing number of manufacturing facilities worldwide, predicts Fortune Business Insights(TM) in their recent report. The forecast period is set from 2019 to 2026.

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List of the key ISO containers market manufacturers include:

Interflow TCS Ltd.
Bulkhaul Ltd.
Intermodal Tank Transport
Den Hartogh Logistics
Stolt-Nielsen Limited
Sinochain Logistics Co., Ltd
Bertschi AG
VTG Tanktainer GmbH
HOYER GmbH
NewPort Tank

"Rising Demand from Marine Industry to Propel Growth"

ISO containers are suitable for transportation through truck, railways, or even ships. They are capable of carrying both hazardous and non-hazardous liquids from one geography to another. There is a rising demand for ISO containers from the marine industry. The increasing demand for efficient transportation of modules around the world is a major factor boosting the overall ISO container market growth. Besides this, due to the decline in oil prices worldwide, there are cost savings, and this propelled shipping companies to invest in new shipping containers globally. The above factor is also anticipated to help increase the overall ISO container market size in the forecast duration.

On the other side, the environmental impact may challenge the overall ISO container market growth. This, coupled with the fluctuating prices of raw materials due to their unavailability, may cause hindrance to the overall market revenue in the forecast period.

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Report Highlights:

A comprehensive overview of the ISO container market
Significant factors boosting, restricting, challenging and providing an opportunity to the market
Key insights and major industry developments
Significant players functioning in the ISO Containers market
Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
Other ISO container market trends
The market is segmented based on container type, transport mode, end-use applications, and geography. Based on transport, the market will generate highest revenue from the road route segment in the forecast duration owing to the maximum freight that is carried through roads. Following the growth rate of road route, is the rail route is the second most preferred mode of transport. On the other side, the petrochemicals segment holds the highest share in the market based on end-user application.

"Presence of Largest Producer of ISO Containers - China to Help Asia Pacific Continue Dominance"

As per geographical segmentation, the global ISO containers market is categorized into the regions of Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. All the regions are further categorized into countries. Among these, Asia Pacific generated 231 thousand units volume and contributed a dominant ISO container market share. This is owing to the presence of China, the largest producers of shipping containers. This, coupled with the extensive development of container manufacturing abilities in the country is further expected to increase the ISO containers market share in the coming years.

Furthermore, the increasing seaborne trade relations between the Asia Pacific and North America are prognosticated to have a positive influence on the overall ISO container market growth in the forecast period.

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Some of the key industry developments in the ISO containers market are:

January 2016 - An investment of USD1.2 Billion was announced by Sumitomo Corporation in China International Marine Corporation (CIMC). The main objective of this investment is to seek capital from an unexpected demand in logistics, further attributed to economic growth.

October 2017 - Shenzhen ZhongHong Equipment Technology was formed under a joint venture between China International Marine Containers (CIMC), HongYi Hi-Tech, and ASTO Telematics. This venture is formed for providing smart container components.

June 2019 - An online product called Maersk Spot was introduced by Maersk Container Industry. This will simplify the purchasing experience for consumers and lessen the excess communication and paperwork required for container booking.

"Stolt - Nielsen, Hoyer Group, Newport Tank, and Seaco Global Contributing to Oligopolistic Nature of Market"

The overall ISO container market is oligopolistic with four companies namely Hoyer Group, Seaco Global, Stolt - Nielsen, and Newport Tank holding the dominant ISO container market share. These companies collectively account for 35% of the share as per the 2018 records. These vendors have a strong consumer base and produce large containers that are utilized across various industrial sectors.

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