Press release
Comprehensive Container Tracking Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Container Tracking Market Size
Container Tracking Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The expansion of the container tracking market has been notable in past years, with a rise expected from $10.11 billion in 2024 to $10.94 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.2%. The past growth surge is due to several factors, such as the growing customer needs for transparency, heightened demand for dependable and effective logistical solutions, surge in the quantities of commodities, increase in maritime trade, and amplified safety protocols in marine operations.
Container Tracking Market Size Forecast: What's the Projected Valuation by 2029?
The tracking market for containers is projected to witness substantial expansion in the forthcoming years. It is anticipated to reach $14.86 billion by 2029, growing at a cumulative annual growth rate (CAGR) of 8.0%. The escalation during the projection period can be credited to an increasing focus on sustainability, expansion of global trade and globalization, emphasis on augmenting fleet optimization and efficiency, enlarged trade volumes, and progress in infrastructure. Notable trends during the forecast period comprise improved applications of blockchain, advanced analytics, and data visualization, self-driving vehicles and drones, incorporation with supply chain platforms, and a focus on environmental and sustainability.
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What Are the Drivers Transforming the Container Tracking Market?
The escalation in cargo theft is anticipated to fuel the expansion of the container tracking market in the future. Heightened economic problems are resulting in increased criminal activities and robbers employing increasingly advanced techniques that outstrip current preventative measures. Moreover, the booming e-commerce sector has led to an increase in both the number and worth of goods being transported, rendering them ideal for theft. Container tracking can limit the incidents of cargo theft by offering real-time location updates and current status, enabling swift action in the event of unauthorized movements. Additionally, it improves overall protection through comprehensive monitoring and assessment of past performance data. For example, TAPA EMEA, a non-profit industry association based in the Netherlands, reported in May 2024 that the number of transportation theft cases in the European Union increased by 35.46% in 2023 compared to 2022. The incidents increased from 6,113 to 8,281. The accumulated financial damage of these crimes, when the value of stolen goods was calculated, came to a whopping $594.16 million (EUR 549 million). This figure indicates a 438% rise from 2022 and a massive 1,076% uptick from 2021. Therefore, it is clear that the growth in cargo theft is stimulating the expansion of the container tracking market.
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What Long-Term Trends Will Define the Future of the Container Tracking Market?
Leading businesses in the container tracking market are increasingly concentrating on generating sophisticated solutions like dry container tracking to boost security, increase logistics productivity, and offer real-time visibility. Dry container tracking involves the surveillance and handling of standard cargo containers that carry goods not necessitating any special conditions like refrigeration or climate control. For example, in April 2024, Hapag-Lloyd., a maritime transportation corporation based in Germany, introduced a new product offering real-time tracking. Using extensive Internet of Things (IoT) technology, the company provides live positional updates for door-to-door visibility. It boasts unique features like real-time shipment visibility, an intuitive interface for simple tracking via container or booking number, immediate information updates, and plans for forthcoming improvements such as integration with application programming interfaces and predictions for estimated times of arrival (ETA).
Which Segments in the Container Tracking Market Offer the Most Profit Potential?
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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Which Firms Dominate the Container Tracking Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Container Tracking Market?
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.
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