Press release
The Shipping Containers Market To Scintillate Based On The Influx Of Offbeat Ideas
Dry containers account for over 70% of the total market share, and have been the mainstay of the shipping industry over the years, especially dry insulated containers. Steel is the most widely used material for the manufacturing of shipping containers, representing 40% market share, and most manufacturers prefer its use as it makes the containers weldable and rust-resistant, and also provides higher corrosion resistance and tensile strength.
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shipping-containers-market
Company Profiles:
Hapag Lloyd AG
Evergreen Marine Corp.
Cleveland Containers
BSL Containers Ltd.
Sicom SpA
China International Marine Containers Co., Ltd
Maersk Container Industry
Singamas Container Holdings Limited
Sea Box, Inc.
CXIC Group Containers Company Limited
W&K Containers, Inc.
YMC Container Solutions
TLS Offshore Containers International
OEG Offshore Limited
CARU Containers B.V.
Industrial Welding Equipment Sales & Rentals Limited (IWES Ltd.)
Seaco Global Ltd.
SM Line Corporation
GTI Fabrication
Klinge Corporation
MT Container GmbH
Sarjak Container Lines
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Key Takeaways from Market Study
Key manufacturers are inclined toward 40 feet high cube containers as compared to 40 feet conventional containers as they provide around 12% more carrying capacity.
Inclusion of specially constructed features to speed up loading & unloading while keeping containers secure will drive the global market.
Demand is high for uniquely configured specialized shipping containers to protect and support content while being handled, shipped, stored, and unpacked by users.
Market players are developing new materials such as hybrid and fiber-reinforced polymer (FRP) to reduce the weight of containers, which helps in cutting expenses on labor and installation.
Steel shipping containers account for 40% market share.
Dry shipping containers account for over 70% of the global market share.
The global shipping containers market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -4.4%.
“Significant surge in demand from pharmaceutical industry for shipping containers is expected to offer lucrative opportunities for market players. Prices of shipping containers are on the rise due to strong demand where the supply rate is being outpaced,” says a Persistence Market Research analyst.
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Competitive Landscape
The market is understood to be moderately consolidated in nature, with key players accounting for around 35% of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.
Some of the key players in this industry are Hapag Lloyd AG, Evergreen Marine Corp. and others, Cleveland Containers, BSL Containers Ltd., Sicom SpA, China International Marine Containers Co., Ltd., and Maersk Container Industry, amongst others.
Find More Valuable Insights
The research report analyzes demand for shipping containers. The global market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.
As per Persistence Market Research’s study scope, the market has been analyzed on the basis of type, material, end user, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.
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