Press release
Dry Shipping Containers Market To Lead Industry Expansion Holding 70% Market Share From 2021-2031
Global shipping container sales are set to increase in valuation from around US$ 7.9 Bn currently to US$ 13.7 Bn by the end of 2031, which would equate to 2.1 Mn units, according to latest market insights by Persistence Market Research. Growing need to transport products via waterways, which is both, economically feasible and secure, is majorly driving demand for shipping containers market. 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.To remain 'ahead' of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/3798
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%.
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/3798
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.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/3798
Read More Trending "PMR Exclusive Article"
• Global Market Study on Fire Protection Systems: https://www.persistencemarketresearch.com/market-research/fire-protection-system-market.asp
• Global Market Study on Laser Warning System: https://www.persistencemarketresearch.com/market-research/laser-warning-system-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Dry Shipping Containers Market To Lead Industry Expansion Holding 70% Market Share From 2021-2031 here
News-ID: 2576860 • Views: …
More Releases from Persistence Market Research

High Speed Steel (HSS) Metal Cutting Tools Market Innovations, Precision Enginee …
The High Speed Steel (HSS) metal cutting tools market is witnessing significant growth due to the increasing demand for efficient, precise, and durable machining solutions across diverse industries. HSS tools, renowned for their exceptional hardness, heat resistance, and versatility, are widely used in metal cutting applications including drilling, milling, turning, and threading.
The global high speed steel (HSS) metal cutting tools market size is likely to be valued at US$…

Medical Automation Market Expands as AI, Robotics, and IoT Drive Smarter Healthc …
The global medical automation market is poised for significant growth over the next decade, with projections indicating an expansion from US$48.7 billion in 2023 to US$84 billion by 2030, representing a robust compound annual growth rate (CAGR) of 8.1%. This growth trajectory reflects the increasing adoption of advanced automation technologies across healthcare facilities worldwide, driven by the rising demand for operational efficiency, precision in diagnostics, and enhanced patient care.
Get a…

Industrial X-ray Inspection Systems Market Advanced Imaging, Automation, and Eme …
The industrial X-ray inspection systems market is experiencing significant growth, driven by the increasing need for non-destructive testing, quality assurance, and process optimization across diverse industries. Industrial X-ray inspection systems are critical tools for detecting internal defects, structural inconsistencies, and product anomalies without damaging the components being tested.
The global Industrial X-ray Inspection Systems Market size is likely to be valued at US$ 1.9 Bn by 2025, and estimated to…

U.S. Intrathecal Drugs Market Forecasted to Expand from US$1.7 Billion to US$2.2 …
The U.S. intrathecal drugs market is poised for steady growth, with its value projected to rise from US$1.7 billion in 2025 to approximately US$2.2 billion by 2032. This reflects a compound annual growth rate (CAGR) of 3.8% during the forecast period of 2025-2032, underlining the expanding role of intrathecal therapies in pain management and spasticity treatment across the nation. Historical trends from 2019 to 2024 indicate consistent market expansion, fueled…
More Releases for Container
Food Container
The Food Container market value was US$ $$ million in 2020. The Food Container market value is forecast to reach US$ $$ million by 2031, growing at a compound annual growth rate (CAGR) % during the forecast period from 2023-2031.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=AR37613
As the global economy recovers in 2021 and the supply of the industrial chain improves, the Food Container market will undergo major changes.…
Container Fleet Market: Information by Type (Reefer Container, Tank Container, D …
Container fleets are bulky shipping containers that are capable of withstanding the transportation of various goods ranging from dry goods to hazardous liquids. Before the emergence of container fleets, the cost associated with ocean freight and port handling in tandem with the uncertainties involved resulted in less economic outcomes. However, modern specialized container vessels offer several cost reduction benefits in the transportation of goods, thus acting as the primary source…
Aircraft Container & Pallet Loader Market size and Key Trends in terms of volume …
Aircraft Container & Pallet Loader Market: Introduction
Aircraft container & pallet loader is a unit load device used across airports to transport containers & pallet loads. Aircraft container & pallet loader eases the transport of cargo by allowing different types of goods, which are to be packed and kept into a single unit container. The aircraft container & pallet loader helps the cargo handlers across the entire cargo chain, from…
Shipping Containers Market by Size of Container (Small Container (20 feet), Larg …
Asia-Pacific and Europe are the potential markets for the growth of shipping container industry. Moreover, rise in seaborne trade and improvement in transportation services further supplements the market growth. However, slower economic growth in European countries and loss of containers in ocean during sea storms hinders the market growth. Investment in high cube container segment can be beneficial for the growth of the market of key players.
According to a new…
Global Marine Container Market 2019 - CIMC, SINGAMAS, Maersk Container Industry, …
The new market research study on Global Marine Container Market in-depth market analysis with specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends. The Marine Container market report makes a case for investments in particular regions based on a realistic view of their regulatory environment, manufacturing dynamics and availability of skills and resources.The report’s analysis is based on technical data and industry figures…
Shipping Container Market is Booming (9% CAGR)| CXIC, Dong Fang International Co …
HTF MI published a new industry research that focuses on Shipping Container market and delivers in-depth market analysis and future prospects of Global Shipping Container market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is…