Shipping Container Market Analysis Report 2023-2028 | Industry Growth Rate (8.02%)

The latest report published by IMARC Group, titled "Shipping Container Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global shipping container market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.02% during 2023-2028. A shipping container is a big metal box transporting goods via ships, trains, and trucks. It is made of steel and comes in standard sizes of 20 feet, 40 feet, and 45 feet, with a height of 8 feet and a width of 8.5 feet. It is designed to be stackable and easily movable, making it a popular choice for transporting goods across long distances. It has revolutionized the logistics industry, making moving goods across the world easier and more efficient. It provides a cost-effective and secure way to transport a wide range of goods, from consumer products to heavy machinery. It can also be repurposed for various applications, including housing, storage, and even as building blocks for constructing innovative structures.

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Industry Demand:

The global market is majorly driven by the increasing demand for goods transportation. In line with this, the growth of global trade is significantly contributing to the market. Furthermore, the expansion of e-commerce and rising demand for consumer goods are positively influencing the market. Apart from this, the key companies are focused on expanding their production capacity, investing in new technologies, and developing innovative container designs to meet the customers' evolving needs. Moreover, the development of new shipping routes is catalyzing the market worldwide.

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Industry Growth:

The expansion of manufacturing in emerging economies has led to accelerating demand for shipping containers across the globe. As more people move to urban areas, the demand for goods transportation has increased, driving the market expansion. Besides, the growing infrastructural activities and rapid usage of intermodal transportation are propelling the market. The rapidly expanding urban population has created a demand for goods, which has propelled the need for shipping containers worldwide. Rapid container design and tracking innovations have made shipping more efficient, safe, and secure, driving the demand for the product. In addition, the increasing demand for fresh and perishable goods is bolstering the demand for refrigerated containers, driving market expansion. Other factors driving the market include growth of industrial production, political stability and trade agreements between countries, widespread adoption of efficient and environmentally-friendly shipping containers, and economic growth.

Competitive Landscape with Key Players:

• A.P. Moller - Maersk
• CARU Containers B.V
• China Eastern Containers
• COSCO SHIPPING Lines Co. Ltd. (China COSCO Shipping Corporation Limited)
• CXIC Group Containers Company Limited
• OEG Offshore Limited
• Ritveyraaj Cargo Shipping Containers
• SEA BOX Inc.
• Singamas Container Holdings Limited
• TLS Offshore Containers International
• W&K Containers Inc.
• YMC Container Solutions

Breakup by Product:

• Dry Storage Containers
• Flat Rack Containers
• Refrigerated Containers
• Special Purpose Containers
• Others

Breakup by Container Size:

• Small Containers (20 feet)
• Large Containers (40 feet)
• High Cube Containers
• Others

Breakup by Application:

• Food and Beverages
• Consumer Goods
• Healthcare
• Industrial Products
• Vehicle Transport
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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