Press release
Modular Container Market Is Expected To Expand At A CAGR Of 7.5% From 2022 To 2030
Global Modular Container Market
Conex boxes are cargo containers robust enough to withstand handling, storage, and transportation. They are also known as shipping containers. Commodities can be transported by land and sea utilising trucks, railroads, and/or ships with the help of these containers. They are typically used to transport heavy or palletized goods. The growing transportation sector, growing concerns about the security of the items being transported, and growing investments in infrastructure for handling containers are the main factors driving demand for shipping containers globally.
Containers that can convey goods without needing to be emptied and reloaded at intermediate points are those that are utilised for shipping. These containers aid in the movement of commodities by land and by sea, which may require the use of trucks and railroads.
Market Trends:
The target market has lucrative potential given the rising demand for environmentally friendly construction. In an effort to lessen pollution and the project's overall carbon footprint, manufacturers are focused their efforts on developing environmentally friendly, energy-efficient buildings. Energy-efficient modular containers are being developed by manufacturers for a range of industries and markets, including agriculture, business, government, manufacturing, education, and retail.
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The Modular Container Market - Segmentation
The Modular Container Market fragrance concentrates market has been sub-classified into type, revenue source, usage, container, size, application.
On the basis of type, the Modular Container Market is bifurcated into:
• Mobile modular containers
• Fixed modular containers
• others
On the basis of revenue, the market is segmented into:
• new product sales
• rental
• others
on the basis of usage, the market is segmented into:
• office container
• sanitary container
• locker container
• showroom containers
• accommodation containers
• storage containers
• others
On the basis of container size, the market segmented into:
• below 10 feet
• 10-20 feet
• 21-40 feet
• Above 40 feet
• Others
On the basis of application, the market segmented into:
• Construction
• Industrial
• Education
• Healthcare
• Automotive
• Others
The Modular Container Market -Regional Analysis
North America dominated the global Modular Container Market, is anticipated to rule the market for the foreseeable future. Due to the tremendous expansion of infrastructure and industries, modular construction is becoming more and more common in the United States. Currently, 4% of the nation's housing market is made up of modular construction. However, according to industry analysts, modular construction would likely be used in at least half of the future projects over the course of the next three years.
The Modular Container Market - Key Market players
Global key players of Modular Container Market include MODULE-T PREFABRIK SYSTEMS DIS TIC LTD STI; Prefabex; McGrath RentCorp; Prefabricated Modular Steel Structures - MODSTEEL; HENAN K-HOME STEEL STRUCTURE CO., LTD.; Kwikspace; Falcon Structures; Truston; WillScot Mobile Mini Holdings Corp.; PODS Enterprises LLC, and others.
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The Modular Container Market - Growth Factor
The market is anticipated to benefit from the increase in demand from different end users to lower construction costs. Globally, manufacturers are concentrating on creating energy-efficient modular containers that are sustainable. The emphasis on sustainability will keep growing as these certifications demand less pollution and emission impact during project lifecycle. As a result, ecological, low-emission, and user-friendly materials are already being produced for modular containers. Getting the necessary permits to build a modular container-based home can be time-consuming and need additional work because the demand for prefabricated homes is still relatively young. Modular container homes are permitted in a number of states in the US, nevertheless, including Texas, California, Colorado, and Oregon. Construction is hampered by improper permissions or building rules, which has a negative impact on market expansion. The difficulties in obtaining utility authorizations could prevent containers from being used as homes.
Key Questions Answered in This Report
1. What was the size of the global Modular Container Market in 2021?
2. What is the expected growth rate of the global Modular Container Market during 2022-2027?
3. What has been the impact of COVID-19 on the Modular Container Market?
4. What are the key factors driving the global Modular Container Market?
5. What is the breakup of the global Modular Container Market based on the product?
6. What is the breakup of the global Modular Container Market based on the container size?
7. What is the breakup of the global Modular Container Market based on the application?
8. What are the key regions in the global Modular Container Market?
9. Who are the key players/companies in the global Modular Container Market?
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