Cargo Shipping Market expected to reach USD 22,241.36 million by 2032 key developmental strategies implemented by the key players:A.P. Moller-Maersk Group, CMA-CGM SA, Mediterranean Shipping Company SA, DHL Global Forwarding, China Cosco Holdings Company

The Global Shipping Container Market size was estimated at USD 12,899.42 million in 2021, USD 15,345.18 million in 2022, and is projected to grow at a CAGR 7.68% to reach USD 22,241.36 million by 2032.

Market Segmentation & Coverage:

This research report categorizes the Shipping Container to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Type, the market was studied across Car Carriers, Cargo Storage Roll Container, Dry Storage Container, Insulated or Thermal Containers, Intermediate Bulk Shift Containers, Refrigerated ISO Containers, Special Purpose Containers, and Tanks & Drums. The Dry Storage Container is further studied across Flat-Rack, Half Height, Open-Side, Open-Top, and Tunnel.
Based on Size, the market was studied across High Cube Container, Large Container (40 Feet), and Small Container (20 Feet).
Based on Transport Mode, the market was studied across Air, Ocean, Rail, and Road.
Based on End Use, the market was studied across Consumer Goods, Food & Beverages, Healthcare, Industrial Products, and Vehicle Transport.

Some of the Major Key players profiled in the study are A.P. Moller-Maersk Group, CMA-CGM SA, Mediterranean Shipping Company SA, DHL Global Forwarding, China Cosco Holdings Company Limited, Nippon Express Co. Ltd, Hapag-Lloyd AG, Hyundai Merchant Marine, Ceva Logistics, EVERGREEN MARINE CORP

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FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Shipping Container Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Market Dynamics

Drivers

Growth in National and International Trade & Transport Activities
Increased Production Rate and Demand for Shipping Container in Specialized Applications
Increasing Requirements for Improved Cold Chain and Surge in Container Leasing Services
Restraints

Potential Impact on the Environment Associated with the Shipping Containers
Opportunities

Booming E-Commerce Industry and Preferences for Superior Shipping Containers
Rising Trend of Remote Container Management (RCM) Solutions and Smart Shipping Containers
Challenges

High Costs Associated with Shipping Containers

Companies Mentioned

A.P. Moller - Marsk A/S
CARU Containers B.V.
China Eastern Containers
China International Marine Containers (Group) Ltd.
ContainerWest Manufacturing Ltd.
CXIC Group Containers Company Limited
DCM Hyundai Limited
Dong Fang International Container Co. Ltd.
IWES Ltd.
J K Technologies Private Limited
Kalyani Cast Tech Pvt. Ltd.
OEG Offshore Limited
Ritveyraaj Cargo Shipping Containers
Sea Box Inc.
Silversea Container
Singamas Container Holdings Limited
Storstac Inc.
Thurston Group
TLS Offshore Containers International Pvt Ltd
USA Containers LLC
Valisons & Co.
W&K Containers Inc.

Scope of the Report
Container shipping refers to transportation through containers from one place to another. Unlike conventional shipping, container shipping uses containers of various standard sizes to load, transport, and unload goods or objects. As a result, containers can be moved by trains, ships, and trucks.

The report provides a comprehensive background analysis of the container shipping market, covering the current market trends, restraints, technological updates and detailed information of various segments, and the competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study.

The container shipping market is segmented by size (small, large, and high cube containers), type (general container shipping and reefer container shipping), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America).

Increasing Seaborne Trade
The seaborne cargo trade is experiencing an upsurge in demand for the transportation of cargo through waterways backed by factors, like cargo safety and cost-effectiveness. Cargo ships are less expensive for shipping goods as compared to road and air transits. Ships can carry more cargo from one place to another within a short span of time. In 2019, developing economies accounted for the largest share of global seaborne trade, both in terms of exports and imports. They loaded 58% and unloaded 65% of the world's total tonnage. With a volume of 4.3 billion metric ton loaded and 6.1 billion metric ton unloaded, Asian and Oceanian developing economies contributed most to that share.

Additionally, the growing number of container ships and an increase in the port capacity in countries throughout the world are propelling the demand for new container shipping in the market. Post the COVID-19 pandemic, the UNCTAD (United Nations Conference on Trade and Development) expects maritime trade growth to return to positive territory and expand by 4.8% in 2021.

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Competitive Landscape
The container shipping market is fairly fragmented in nature, with the presence of many international companies in the market. The top players in the segment include Maersk, MSC, CMA, COSCO, and Hapag Lloyd. High barriers to entry due to the high cost of vehicles and increasing economies of scale affect competition in the industry. The industry structure is also affected by strict international government regulations and the cyclicality of demand. Shipping firms are making judicious investments in new assets to guarantee reliability and efficiency to their customers and earn superior returns on their investments. Due to shipping congestions during COVID-19, the shipping companies realized the benefits of consolidation in ways of cost reduction and sustainability. The anticipated trend of automation in marine transportation and the rise in marine safety norms are also expected to create opportunities for the market players in the coming years.

Recent Developments
September 2020: Maersk completed the acquisition of KGH Customs Services, the European customs services specialist, to further enhance its logistics and services offering.​

August 2020: MSC announced its Golden Horn service, complementing its existing intra-Asia network and linking China, Korea, and the East Russia coast.​

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