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Shipping Container Market worth $21.59 billion by 2030, growing at a CAGR of 5.43% - Exclusive Report by 360iResearch
Shipping Container Market | 360iResearch
The Global Shipping Container Market to grow from USD 14.90 billion in 2023 to USD 21.59 billion by 2030, at a CAGR of 5.43%.
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Shipping containers, also known as freight containers, are large, standardized metal containers designed for intermodal freight transport that can be used across various modes of transportation without unloading the cargo. Typically constructed from steel, they provide durable and secure enclosures that protect goods from the elements and theft during transit, whether by ship, rail, or truck. The shipping container market is driven by several factors, primarily the globalization of trade, which necessitates the efficient movement of goods across different locations. Increased demand for consumer goods and advancements in transportation infrastructure have also contributed to the market's growth. Furthermore, the rise in e-commerce activities has led to an increased need for containers for the transportation of a wide variety of products. Despite the strong drivers, the market faces challenges such as fluctuations in freight rates due to volatile fuel costs and the impact of international trade policies. However, there are significant opportunities in the shipping container market, with advancements in technology, such as IoT integration, offering the potential for smart containers that can be managed and monitored more effectively.
The shipping container market in the Americas has been experiencing a period of growth driven by increasing trade activities, particularly in North America. In the United States, the rising eCommerce sales necessitate robust logistics and transport infrastructure, driving the adoption of shipping containers. Investments in port modernization and the expansion of the Panama Canal have also contributed to market growth. The European, Middle Eastern, and African (EMEA) regions' shipping container market is diverse and influenced by a variety of factors. European countries, with well-established trade links, have seen steady demand, whereas the Middle East shows potential for growth, particularly due to investments in infrastructure and an emphasis on diversifying economies away from oil. Africa's market is emerging, with significant potential for growth owing to infrastructural developments and increasing intra-regional trade. Asia-Pacific (APAC) is the fastest-growing market for shipping containers globally, owing to the rapid industrialization of emerging economies, growth in international trade, and sizable investments in logistics infrastructure. Additionally, initiatives such as China's Belt and Road project could further enhance trade routes and demand for containers. The region also shows an increasing trend towards 'smart containers' that embed technology for tracking and monitoring, reflecting a push towards efficiency and security in supply chains.
Market Segmentation & Coverage:
This research report categorizes the Shipping Container Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is 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. The Dry Storage Container commanded largest market share of 29.11% in 2023, followed by Tanks & Drums.
Based on Size, market is studied across High Cube Container, Large Container (40 Feet), and Small Container (20 Feet). The Large Container (40 Feet) commanded largest market share of 53.82% in 2023, followed by Small Container (20 Feet).
Based on Transport Mode, market is studied across Air, Ocean, Rail, and Road. The Ocean commanded largest market share of 37.13% in 2023, followed by Road.
Based on End Use, market is studied across Consumer Goods, Food & Beverages, Healthcare, Industrial Products, and Vehicle Transport. The Consumer Goods commanded largest market share of 34.15% in 2023, followed by Food & Beverages.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 57.70% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Shipping Container Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Shipping Container Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Shipping Container Market, highlighting leading vendors and their innovative profiles. These include A.P. Møller - Mærsk A/S, Ab Sea Container Private Limited, APPL Containers Pvt. Ltd., 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., KEN Containers, 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., and W&K Containers Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Shipping Container Market, by Type
7. Shipping Container Market, by Size
8. Shipping Container Market, by Transport Mode
9. Shipping Container Market, by End Use
10. Americas Shipping Container Market
11. Asia-Pacific Shipping Container Market
12. Europe, Middle East & Africa Shipping Container Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Shipping Container Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Shipping Container Market?
3. What is the competitive strategic window for opportunities in the Shipping Container Market?
4. What are the technology trends and regulatory frameworks in the Shipping Container Market?
5. What is the market share of the leading vendors in the Shipping Container Market?
6. What modes and strategic moves are considered suitable for entering the Shipping Container Market?
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