Press release
Shipping Containers Market : Futuristic Growth Assessment in Transport Industrial Sector
The global Shipping Containers Market was accounted for US$ 103,50.1 Mn in terms of value and 306, 324 Thousand Units in 2019 and is expected to grow at CAGR of 5.9% for the period 2020-2027.A shipping container is a container with a capacity to sustain shipment, storage, and handling. Shipping containers facilitate transport and carriage of goods without requiring to unload or reload at intermediate points. These containers can be transported via rail, ships, or trucks. Therefore, intermodal transport of goods has become more efficient. The shipping containers have enhanced the ease of handling cargo. Furthermore, it resulted in removing conventional loading unloading of cargo directly on the ship, thus saving valuable time and resources.
Seat transport has increased significantly over the last five decades.
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Which sub-segment among Application held the largest market share in the global Shipping Containers market?
Dry Containers sub-segment holds the largest market share among Application segment contributing 64.6% market share in terms of value in 2019.
Who are the key players operating in this market?
Key players operating in the global Shipping Containers market are China International Marine Containers Co., Ltd., Sea Box, Inc., Singamas Container Holdings Limited, China Cosco Shipping Co. Ltd., TLS Offshore Containers International, CXIC Group Containers Company Limited, W&K Container Inc., Maersk Container Industry, YMC CONTAINER SOLUTIONS (a division of Thurston Group Limited), and Dong Fang International Container (Hong Kong) Co., Ltd.
Which are the key factors driving the growth of the power tools market?I
ncreasing seaborne trade is expected to drive growth of the global shipping containers market during the forecast period.
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