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Global Shipping Containers Market Analysis: Growth Opportunities, Development Factors, and Future Trends until 2032 || Hoover Container Solutions, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry
Shipping Containers Market
Shipping Containers Market Size, Growth Rate, And Forecast
The global shipping containers market size grew from $10.24 billion in 2022 to $11.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shipping containers market size is expected to grow to $15.88 billion in 2027 at a CAGR of 9.2%.
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Shipping Containers Market Drivers
An increase in demand for cargo transportation through ships contributed to the growth of the shipping container market. The demand for the transportation of cargo through waterways is growing owing to factors such as cost-efficiency and a more secure way of moving goods as compared to other means of transportation. For instance, in September 2022, according to Eurostat, a Luxembourg-based statistical agency of the European Union, the volume of European road freight increased by 6.5% between 2020 and 2021, primarily due to significant growth in all types of operations. Furthermore, according to the International Air Transport Association in July 2021, air cargo rates were 2.79$/kg, or 55.9% higher in 2020 than in 2019 globally due to supply chain disruption. Moreover, ships can carry more cargo from one place to another within a short period. This in turn is projected to boost the growth of the shipping containers market.
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Shipping Containers Market Segments
• By Product Type: Dry Storage Container, Flat Rack Container, Refrigerated Container, Special-Purpose Container, Open Top Container, Double Door Container, Other Product Types
• By Container Size: Small Container, Large Container, High Cube Container
• By End Use: Food And Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, Other End-Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the shipping containers market.
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Shipping Containers Market Key Players
Major competitors in the shipping containers market are Hoover Container Solutions, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Hoover Container Solutions.
The Business Research Company's "Global Shipping Containers Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Shipping Containers Market Include:
1. Executive Summary
2. Shipping Containers Market Characteristics
3. Shipping Containers Market Trends And Strategies
4. Shipping Containers Market - Macro Economic Scenario
5. Shipping Containers Market Size And Growth
………………
27. Shipping Containers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Shipping Containers Market
29. Shipping Containers Market Future Outlook and Potential Analysis
30. Appendix
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