Press release
Shipping Containers Market Size, Top Manufacturers, Product Types, Sales and Demand 2021-2027
As per the report published by Allied Market Research, the global shipping containers market accounting for $8.70 billion in 2018 and is projected to garner $12.08 billion by 2026, growing at a CAGR of 4.3% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.Download Report Sample (265 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/request-sample/2168
Prime determinants of the market growth
Rise in trade-related agreements and increase in demand for cargo transportation through ships drive the growth of the global shipping containers market. On the contrary, frequent various transportation and inventory costs hinder the market. However, trend of the automation in marine transportation and surge in marine safety norms are expected to open new opportunities for the market players in the future.
Covid-19 impact: The pandemic has negatively affected the global shipping container industry.
The sudden change in the source of revenue for transport operators has resulted in the shortfall of funds, which would hamper the market growth.
Dearth of skilled labor during lockdown across various countries and need to take corrective measurements after lockdown to protect the workforce would negatively impact the global shipping container market.
Get detailed COVID-19 impact analysis on the Shipping Container Market
Small containers (20 Feet) segment to dominated the market
The small container segment held the lion’s share in 2019, contributing to nearly one-third of the global shipping containers market, as small containers accumulate less space as compared to large-sized containers and thus, larger number of containers can be loaded over the ship. However, the large container segment is expected to manifest the highest CAGR of 4.8% during the forecast period. This is due to increased trend towards cargo transportation through shipping means.
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Healthcare segment to manifest fastest growth through 2027
The healthcare segment to portray the highest CAGR of 5.8% during the forecast period, owing to increased production of medicines and healthcare instruments across the globe. However, the industrial products segment held the largest share, accounting for around one-fourth of the global shipping containers market in 2019, as manufacturing companies prefer to transport big machines and other industrial equipment across countries over other available alternatives.
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Asia-Pacific region, followed by Europe and North America, to portray fastest CAGR
The global shipping containers market across Asia-Pacific, followed by Europe and North America, held the largest share in 2019, accounting for more than one-third of the market. Moreover, the region is expected to register the highest CAGR of 5.5% during the forecast period, owing to increased production and transportation of different categories of cargo from Asia-Pacific to different parts of the world.
Shipping Container Market to Garner $12.08 Bn, Globally, by 2026 at 4.3% CAGR: Allied Market Research
https://www.prnewswire.com/news-releases/shipping-container-market-to-garner-12-08-bn-globally-by-2026-at-4-3-cagr-allied-market-research-301070714.html
Major market players
CARU containers
A.P. Moller–Maersk Group
China International Marine Containers
OEG Offshore limited
COSCO SHIPPING Development Co., Ltd
TLS Offshore Containers International
Singamas Container Holdings Limited
CXIC Group
W&K Containers, Inc.
YMC Container Solutions
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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