Shipping Containers Market Share, Size, Growth & Industry Forecast Report, 2020-2027

Growth opportunities in the market look promising over the next six years. This is mainly due to the growing number of trade activities in the developing and developed nations, shift towards adopting automation in marine transportation, and rapid industrialization.

Request for a FREE Sample Report on Shipping Containers Market - https://www.gmiresearch.com/report/shipping-containers-market/sample-request

Shipping Containers Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The rising demand for shipping containers due to the increasing trade activities around the world, mainly through waterways is a major factor that is surging the market growth. The shipping containers attract a large range of users due to their features like a better degree of customer experience, higher level of transparency, and optimization of loopholes and supply chains. All these factors together will drive the growth of the global shipping container market during the forecast period.

The growing preference towards the adoption of automation in marine transportation results in the expansion in safety measures. The expansion in the manufacturing facilities, rapid globalization, and industrialization will further support the market share. However, the factors obstructing the growth of the global market are the fluctuation in transportation and inventory costs. Moreover, the outbreak of the COVID-19 has negatively impacted the growth of the market. The strict lockdown, sealing of the national borders, and the temporary shutdown of airlines and shipping businesses resulted in fall in demand for shipping containers, particularly in 2020. As per the shipping container industry outlook, the growth is projected to get back on track in 2021 while showing a higher rate from 2022 onwards.

To Know More About Shipping Containers Market - https://www.gmiresearch.com/report/shipping-containers-market/

Product Size Segment Drivers

Based on the product type, Dry Storage Container is predicted to expand at a faster CAGR during the forecast period due to the high adoption of these containers led by their growing demand in the shipping and logistics industry.

Container Size Segment Drivers

On the basis of container size, the Large Container is expected to increase at a faster CAGR during the forecast period. This is owing to the growing usage of the containers in trade and other activities because of the higher storage capacity and reliability.

Regional Drivers

Based on the regional coverage, Asia-Pacific is projected to lead the market during the forecast period because of the boost in the trade activities and favorable government policies of trade. Also, the rise in seaborne trade activities, improvement in the transportation services, and the growing trend of containerization of goods will further create enormous growth opportunities in the market.

Shipping Containers Market’s leading Manufacturers:

• CXIC Group
• Singamas Container Holdings Limited
• TLS Offshore Containers
• China International Marine Containers (Group) Ltd
• A.P. Moller – Maersk
• YMC Container Solutions
• W&K Containers, Inc
• OEG Offshore Limited
• COSCO SHIPPING Development Co. Ltd
• CARU Containers

Shipping Containers Market Segmentation:

Segmentation by Product Type:
• Flat Rack Container
• Dry Storage Container
• Special Purpose Container
• Refrigerated Container
• Others

Segmentation by End Use:
• Consumer Goods
• Food & Beverages
• Industrial Products
• Healthcare
• Vehicle Transport
• Others

Segmentation by Container Size:
• Small Container
• Large Container
• High Cube Container

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

This release was published on openPR.