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Shipping Containers Market 2024 | Analysis, Regional Outlook, Current Trends, Market Share & Forecast To 2033
Shipping Containers Market
The Business Research Company offers in-depth market insights through Shipping Containers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The shipping containers market size has grown strongly in recent years. It will grow from $10.81 billion in 2023 to $11.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise of multinational corporations, port infrastructure development, industrialization and container standardization, economic growth and market integration, intermodal transportation advancements.
The shipping containers market size is expected to see strong growth in the next few years. It will grow to $15.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to cultural and artistic use, hospitality and tourism sector, pop-up retail and events, disaster relief and emergency housing, logistics and warehousing solutions. Major trends in the forecast period include modular construction, sustainable building materials, urbanization and housing needs, pop-up retail and events, disaster relief and emergency housing, customization and design aesthetics.
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Market Segmentation:
The shipping containers market covered in this report is segmented -
1) By Product Type: Dry Storage Container, Flat Rack Container, Refrigerated Container, Special-Purpose Container, Open Top Container, Double Door Container, Other Product Types
2) By Container Size: Small Container, Large Container, High Cube Container
3) By End Use: Food And Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, Other End-Uses
Major Driver - Rising Cargo Transportation Demand Fuels Growth In The Shipping Container Market
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. This in turn is projected to boost the growth of the shipping containers market.
Competitive Landscape:
Major companies operating in the shipping containers market report are A.P. Moller-Maersk Group, China International Marine Containers (Group) Co Ltd. (CIMC), COSCO SHIPPING Development Co Ltd., Triton International Limited, CXIC Group Containers Company Limited, Container Corporation of India Limited, Textainer Group Holdings Limited, Shanghai Universal Logistics Equipment Co Ltd., Maersk Container Industry A/S, THIELMANN Group, OEG Offshore Limited, Sea Box Inc., Hoover Container Solutions, Florens Container Services B.V., Cronos Containers Ltd., BSL Containers Ltd., CARU Containers B.V., Charleston Marine Containers Inc., Klinge Corporation, UES International Pty Ltd, TLS Offshore Containers International Pvt Ltd, SCHüTZ Container Systems Inc., Pacific Tycoon Limited, W&K Containers Inc., American Intermodal Container Manufacturing Inc. (AICM), Storstac Inc., TRS Containers, Rava Group Containers, Skelton Container Services Ltd., Global Container Solutions Ltd.
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Top Trend - Advanced Solutions Enhanced Logistics Operations In Shipping Containers Market
Major companies operating in the shipping containers market are focusing on developing cloud-based technologies to optimize tracking, inventory management, and logistics operations. Cloud-based technologies refer to the use of remote servers accessed via the Internet to store, manage, and process data or run applications. For instance, in March 2023, Meratus, an Indonesia-based shipping company, launched the SMARCO-Smart Container to meet the demand for more efficient and safe container shipping. With advanced Internet of Things (IoT) sensors, GPS tracking, and cloud-based technologies, SMARCO is expected to provide businesses with the possibility of having full visibility and control over shipping containers.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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