Press release
Shipping Container Market Expansion to $12.08 billion Market Value by 2027
The rise in demand for cargo transportation through ships and an increase in trade-related agreements have boosted the growth of the global ๐๐ก๐ข๐ฉ๐ฉ๐ข๐ง๐ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ. However, fluctuations in transportation and inventory costs hamper the market. On the contrary, the anticipated trend of the automation in marine transportation, and the rise in marine safety norms would create opportunities for the market players in the coming years. The global shipping containers market was valued at $8.70 billion in 2019, and is projected to reach $12.08 billion by 2027, registering a CAGR of 4.3% for the forecast period 2020-2027.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐๐ - 265 ๐๐๐ ๐๐ฌ) ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/2168
Based on product type, the market is categorized into dry storage containers, flat rack containers, refrigerated containers, special-purpose containers, and others. The dry storage containers segment dominated the market in 2018, accounting for more than one-fourth of the market. In addition, the segment is projected to register the highest CAGR of 5.3% during the forecast period.
Shipping container is a standardized reusable steel box used for the storage and movement of materials and products within a freight transport system. ISO or intermodal containers are used for the intermodal transport of freight. They are manufactured according to specifications from the International Organization for Standardization (ISO) and are suitable for multiple transportation methods such as truck, rail, or ship. These regulations define a shipping containers that meet size, strength, and durability requirements. The basis of these regulations is to guarantee that the container is expected to withstand extreme environments endured during transport as well as possess the structural integrity that needs to be lifted by cranes or other heavy equipment.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/shipping-containers-market/purchase-options
The global shipping containers market size report includes an in-depth analysis of the major market players such as CARU containers, China International Marine Containers, A.P. Moller-Maersk Group, COSCO SHIPPING Development Co., Ltd, OEG Offshore limited, Singamas Container Holdings Limited, TLS Offshore Containers International, W&K Containers, Inc., CXIC Group, YMC Container Solutions, and others.
The size of containers segment is segmented into small containers (20 feet), large containers (40 feet), and high cue containers (40 feet). In 2015, the small containers segment occupied a majority of the market share and is expected to maintain its dominance throughout the forecast period (2017-2023). This is due to increase in manufacturing facilities, and growing import and export of commodities by countries worldwide. The high cube containers segment is anticipated to grow at the highest CAGR, owing to long life span, modest maintenance cost, and versatility of the container attached to it.
This was attributed to an increase in seaborne trade, and rise in trend of containerization of products worldwide. China accounted for a major share of the Asia-Pacific market. LAMEA is anticipated to experience a faster growth rate as compared to North America during the forecast period. This is due to the availability of larger coastal line and increase in dependency over seaborne trade by countries in this region.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐๐จ. ๐๐ญ๐, ๐๐๐ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐๐ ๐๐๐๐ฌ๐ก๐จ๐ซ๐ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ๐ฌ / ๐๐๐ ๐๐ฉ๐๐๐ข๐๐ฅ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ๐ฌ, ๐๐๐๐ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ๐ฌ, ๐๐ข๐ง๐ ๐๐ฆ๐๐ฌ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ ๐๐ข๐ฆ๐ข๐ญ๐๐., ๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ, ๐๐ก๐ข๐ง๐ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ๐ฌ, ๐๐๐ ๐๐ ๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐, ๐&๐ ๐๐จ๐ง๐ญ๐๐ข๐ง๐๐ซ๐ฌ, ๐๐ง๐., ๐.๐. ๐๐จ๐ฅ๐ฅ๐๐ซ-๐๐๐๐ซ๐ฌ๐ค ๐๐ซ๐จ๐ฎ๐ฉ
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/2168
The global shipping containers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held more than one-third of the market and is expected to dominate the market throughout 2027. At the same time, the segment is anticipated to manifest the fastest CAGR of 5.5% from 2020 to 2027.
Asia-Pacific dominates the market in terms of growth, followed by Europe, LAMEA, and North America. China dominated the global shipping containers market share in 2019, whereas Malaysia is expected to grow at a significant rate in the shipping containers market during the forecast period.
Factors such as increase in demand for cargo transportation through ships and rise in trade-related agreements supplement the growth of the shipping containers market. Moreover, factors such as fluctuations in transportation and inventory costs hamper the growth of the shipping containers market. However, factors such as anticipated trend of automation in marine transportation and increase in marine safety norms are the expected to provide opportunities for the growth of the shipping containers market during the forecast period.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Reefer Container Market - https://www.alliedmarketresearch.com/reefer-container-market-A10780
Logistics Automation Market - https://www.alliedmarketresearch.com/logistics-automation-market
Same Day Delivery Market - https://www.alliedmarketresearch.com/same-day-delivery-market-A07162
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