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Shipping Containers Market: Major Trends Reshaping the Future of the Industry
Shipping Containers
What Will the Shipping Containers Industry Market Size Be by 2025?
Recently, there has been a solid expansion in the size of the shipping containers market. It's projected to rise from $11.46 billion in 2024 to $12.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%. This growth during the historic period is a consequence of the emergence of multinational corporations, development of port infrastructure, industrialization and standardization of containers, economic growth, market integration, and advancements in intermodal transportation.
What's the Long-Term Growth Forecast for the Shipping Containers Market Size Through 2029?
Expectations are high for the shipping containers market as it is projected to experience significant growth in the coming years. Its value is set to reach $16.84 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.2%. This anticipated growth throughout the forecast period is largely attributable to its cultural and artistic use, contributions to the hospitality and tourism industry, pop-up retail and events, disaster relief and emergency housing, as well as logistics and warehousing solutions. Some of the prominent trends expected in the forecast period include modular construction, application of sustainable building materials, addressing urbanization and housing needs, pop-up retail and events, disaster relief and emergency housing, customization and emphasis on design aesthetics.
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What Are the Key Growth Drivers Fueling the Shipping Containers Market Expansion?
The shipping container market has observed growth, influenced by the rising demand for cargo transport via ships. Cargo transportation through waterways is becoming increasingly popular due to its cost-effectiveness and enhanced security compared to other transportation modes. For example, the U.S. Department of Transportation reported in December 2023 that exports and imports comprised 11.7% of the tonnage and 20.6% of the freight shipment value in 2023. These statistics are anticipated to grow, with international trade projected to account for 13.8% of the tonnage and 21.7% of the freight value moving throughout the United States by 2050. This forecast is expected to further fuel the expansion of the shipping containers market.
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What Are the Key Trends Driving Shipping Containers Market Growth?
Leading firms in the shipping containers market are investing in the development of cloud-based technologies to enhance tracking, inventory administration, and logistical functions. Cloud-based solutions entail utilizing remote servers through the internet for data storage, management, and processing as well as to operate applications. For example, in March 2023, Meratus, a shipping corporation based in Indonesia, introduced the SMARCO-Smart Container to cater to the increasing need for safer and more efficient container shipping. Empowered with sophisticated Internet of Things (IoT) sensors, GPS monitoring, and cloud-based systems, SMARCO is anticipated to offer businesses the ability to fully monitor and manage shipping containers.
How Is the Shipping Containers Market Segmented?
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
Subsegments:
1) By Dry Storage Container: Standard Dry Container, High Cube Dry Container
2) By Flat Rack Container: Fixed End Flat Rack, Collapsible Flat Rack
3) By Refrigerated Container: Standard Refrigerated Container, High Cube Refrigerated Container
4) By Special-Purpose Container: Tank Container, Bulk Container, Offshore Container
5) By Open Top Container: Standard Open Top Container, High Cube Open Top Container
6) By Double Door Container: Standard Double Door Container, High Cube Double Door Container
7) By Other Product Types: Modified Containers, Portable Storage Units
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Which Companies Are Leading the Charge in Shipping Containers Market Innovation?
Major companies operating in the shipping containers market include 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.
Which Regions Are Leading the Global Shipping Containers Market in Revenue?
Asia-Pacific was the largest region in the shipping containers market in 2024. The regions covered in the shipping containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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