Press release
Containers Shipping Market to Cross US$ 13.7 Bn at 5.7% CAGR Between 2021 and 2031
Containers Shipping Market 2022
The global Containers Shipping Market is projected to be valued at close to US$ 13.7 Bn by the end of 2031.
Container shipping is a process of moving goods in large containers that can be easily transferred between different modes of transport, including ships, trains and trucks. Container shipping has become increasingly popular in recent years due to the rise in global trade. Sales of shipping containers are projected to increase at 5.7% CAGR and top 2.1 Mn units by 2031. Focus on sustainability and adoption of digital technologies for production and shipment by OEMs are prominent trends being witnessed in this space.
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Key Companies-
• 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
• Shipping containers are an important part of the global economy. They are used to transport goods all over the world, and there is a huge market for them.
• This market is segmented by type, material, and use. Each type of shipping container has its own advantages and disadvantages.
• Steel shipping containers are the most common type, but aluminum shipping containers are becoming more popular because they are lighter and stronger.
• FRP shipping containers are made from fiberglass-reinforced plastic, which makes them very strong and corrosion-resistant.
• Hybrid shipping containers combine the best features of steel and aluminum containers to create a lightweight container that is also very strong.
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Key Segments Covered in Shipping Containers Industry Research
• By Type - Dry Shipping Containers ( 20' (20 ft), 40' (40 ft), 40' High Cube, Others), Reefer Shipping Containers ( 20' (20 ft), 40' (40 ft), 40' High Cube, Others, Tank Shipping Containers), Offshore Shipping Containers
• By Material - Steel Shipping Containers, Aluminium Shipping Containers, FRP Shipping Containers, Hybrid Shipping Containers
• By End User - Bulk Commodity Shipping Containers, Automotive Shipping Containers, Capital Equipment Shipping Containers, Pharmaceutical Shipping Containers, Chemical Shipping Containers, Perishable and Frozen Item Ship
Global Shipping Containers Market: Segmental Screenshot
The global market for shipping containers is segmented on the basis of product type and region.
In the region category, Asia Pacific is estimated to reflect a high market share during the forecast period. The shipping containers market in Asia Pacific is expected to grow at the highest value CAGR throughout the period of assessment to reach a noteworthy market valuation higher than US$ 4 Bn by the end of the year of assessment (2025). Modernization of infrastructure and growth in the construction and infrastructure industry have led to the growth in trade, which in turn is anticipated to drive the demand for shipping containers in the APAC market.
Asia Pacific region is the largest and is expected to lead the global market during the forecast period. Following APAC, Europe is anticipated to showcase significant market share in the global market. Europe is the second largest region in shipping containers market and reflected a market share of about 33% in 2017 and is expected to touch a valuation of around US$ 3500 Mn by the end of the year of assessment (2025).Middle East and Africa and Latin America regions are expected to reflect high growth rate during the assessment period.
In the product type category, dry containers segment is the largest with a high market valuation. This segment is expected to dominate the global market with a high value of over US$ 7.5 Bn by the end of the year of assessment and is projected to grow at a stellar value CAGR during the period of forecast. Reefer containers segment is the second most attractive segment contributing to the growth of the overall market. The reefer segment is projected to grow at the highest rate during the period of forecast. The growth of the parent market and both these segments is positively influenced by the increasing use of 20 feet containers and 40 feet high cube containers.
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Some Questions and Answers for This Reports-
- What is the value of the global shipping containers market?
- At what rate did demand for shipping containers increase over the past 5 years?
- What will be the demand outlook for shipping containers through 2031?
- What are the key trends being witnessed in this industry?
- What is the market share of the top 5 manufacturers of shipping containers?
- At what rate is the market registering growth in Europe?
- Which countries are key producers of shipping containers?
- Which nations are key exporters of shipping containers?
- How is the shipping containers market faring in Japan and South Korea
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