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What's Driving the Container Tracking Market 2025-2034: Rising Cargo Theft Is Driving The Growth Of The Container Tracking Market.
Container Tracking Market Size
The market size of container tracking has seen a robust expansion in past few years. Its size is projected to increase from $10.11 billion in 2024 to $10.94 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.2%. Factors that contributed to its growth in the historic period include rising customer demand for transparency, escalating demand for dependable and effective logistics solutions, growth in goods quantity, amplification in maritime trade, and the implementation of higher safety standards at sea.
We anticipate significant expansion in the container tracking market in the coming years, with predictions suggesting it will reach a worth of $14.86 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.0%. Several factors will contribute to the growth in this forecast period such as an increasing emphasis on sustainability, the growth of international commerce and globalization, a focus on bettering fleet optimization and productivity, elevated volumes of trade, and the progression of infrastructure. Key trends to watch out for during the forecast period include the improvement of blockchain applications, advancements in data analysis and visualization, automation in vehicles and drones, integration with supply chain platforms and a heightened focus on environmental and sustainability matters.
What Are the Forces Behind the Rapid Growth of the Container Tracking Market?
The escalation of cargo theft is projected to boost the expansion of the container tracking market in the future. This increase in theft is the result of heightened economic strains that lead to elevated criminal activities and the technologies used in theft methods surpassing current security protocols. Furthermore, the growth in e-commerce has led to an upsurge in the quantity and worth of products being transferred, making cargo a lucrative objective for robbers. Container tracking helps counter cargo theft by offering location and status updates in real-time, enabling immediate intervention if unauthorised movement is observed. It also strengthens overall security through comprehensive monitoring and analysis of historical data. As an example, TAPA EMEA, a not-for-profit industry association based in the Netherlands, reported in May 2024 that transport theft incidents in the European Union increased by 35.46% in 2023 compared to 2022, with cases rising from 6,113 to 8,281. The cumulative monetary loss from these criminal activities, considering the reported value of stolen goods, was $594.16 million (EUR 549 million). This indicated a 438% surge from 2022 and an astonishing 1,076% escalation from 2021. Consequently, the growth in cargo theft is fuelling the expansion of the container tracking market.
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Which Businesses Are at the Forefront of Container Tracking Market Development?
Major companies operating in the container tracking market are A.P. Moller - Maersk A/S, CMA CGM Group, Cosco Shipping Lines Co Ltd., NetSuite Inc., Hapag-Lloyd AG, Mediterranean Shipping Company S.A., Orient Overseas Container Line Limited, DP World Logistics FZE, Yang Ming Marine Transport Corporation, Zim Integrated Shipping Services Ltd., Evergreen Marine Corporation, Wan Hai Lines Ltd., Kawasaki Kisen Kaisha Ltd, Hyundai Merchant Marine Co., Ltd., Zebra Technologies Corporation, Ocean Network Express Pte. Ltd., Project44 Inc., CargoWise, E2open Parent Holdings Inc., ORBCOMM Inc., Hanjin Logistics Corporation, Pacific International Lines (Pte) Ltd., GoComet, CargoSmart Ltd.
What Are the Latest Innovations in the Container Tracking Market?
Leading firms in the container tracking industry are concentrating on the creation of innovative solutions such as dry container tracking, aimed to heighten security, bolster logistical productivity and provide immediate visibility. Dry container tracking involves the tracking and controlling of conventional shipping containers that transport cargo without any need for specific conditions like refrigeration or atmosphere control. For example, in April 2024, Hapag-Lloyd, a maritime shipping organization based in Germany, rolled out a fresh live position product that offers door-to-door visibility in great detail, utilizing Internet of Things (IoT) technology to a large extent. This product includes special features such as real-time shipment visibility, a user-friendly interface that allows easy tracking by container or booking number, information updates on demand, and intends to incorporate future improvements like application programming interface integration and predictions of estimated time of arrival (ETA).
How Is the Container Tracking Market Segmented?
The container tracking market covered in this report is segmented -
1) By Offering: Hardware, Software, Service
2) By Technology Type: Radio Frequency Identification (RFID), Global Positioning System (GPS), Cellular, Satellite
3) By Mode of Transportation: Maritime, Land, Air
4) By End-User: Food And Beverage, Consumer Goods, Vehicle Transport, Healthcare, Industrial Products, Other End-User
Subsegments:
1) By Hardware: Gps Trackers, Rfid Tags, Sensors (Temperature, Humidity, Motion), Satellite Communication Devices
2) By Software: Real-Time Tracking Platforms, Data Analytics And Reporting Software, Container Management Systems, Fleet And Logistics Management Software
3) By Service: Installation And Maintenance Services, Data Processing And Analysis Services, Cloud-Based Tracking Services, Consulting And Integration Services
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Where Is the Container Tracking Market Growth Most Prominent?
Asia-Pacific was the largest region in the container tracking market in 2024. The regions covered in the container tracking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Container Tracking Global Market Report?
- Market Size Analysis: Analyze the Container Tracking Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Container Tracking Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Container Tracking Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Container Tracking Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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