A Report on Global Container Shipping Market 2017-2022

Mobility Foresights announces the publication of a new syndicated report titled “Global Container Shipping Market 2017-2022”

Key contents of the report include-

• Market size and Forecast segmented by, Container type (Dry container, Reefer), by trade route (Asia-Europe, Asia-North America, Asia-South America, Asia-Africa, Asia-Middle- East, Europe-America, North America-Latin America and Intra-Asia -Million TEU and $Billion

• Market Dynamics(Trends, Drivers and Challenges)

• Market share and competitive landscape of Container Shipping Market

Download a sample of the report at our website- https://mobilityforesights.com/product/global-container-shipping-market-2017-2022/

INTRODUCTION

China, US, Germany, Japan and France were the top five traders for merchandise in 2017, accounting for 39% of world merchandise trade The US and the European Union are major suppliers of agro based products. This is partly due to the predominance of US and European MNCs in this sector. In 2017, EU was the biggest exporter and importer of food, fuel products, manufactured goods, Chemicals and automotive products with share of ~40% in all the product categories. China is the world`s biggest exporter of textile.

MARKET DYNAMICS

More than 90% of the industry experts believe that real-time data access and information sharing was important to increasing the efficiency and performance of the shipping industry. Big Data analytics provided by the Automated Identification System: a constellation of satellites that keeps track of ships at sea and gives analysts significantly more insight than previous systems into where ships are operating, loading, and discharging cargo.

The availability of such data-driven analytics improves tactical decisions, allowing decision makers to choose optimal routes, taking into account weather conditions, fuel consumption, and piracy risk. As analysts integrate this information with bills of lading, shipping strategists gain a clearer understanding of how trade routes are evolving over time. It will allow players to act in ways that mitigate their risks and transform many of their challenges into opportunities—a positive overall for shipping.

MARKET SIZE AND FORECAST

The Asia-Europe trade lane is one of the busiest trade lanes both by volume and value. Exports from China account for more than 2/3rd of the trade, followed by South Korea, Vietnam, japan and Thailand. Dry containers account for 98% of the trade and refers accounting for the remaining 2%.offlate, the growth in exports in dry containers has remained more or less constant but reefer trade went up by 5% in 2016 and 3% in 2017. In 2017, Volumes on the China and South Korea to Europe expanded by ~5% in 2017.

The shipping rates have been in turmoil for most of 2015-2017 period. In 2017 the average rate for 20 foot TEU on this route was $770 which was even ~10% and 5%lower than the average rate in 2016 and 2015 respectively. Chinese imports of beef, has seen an unprecedented rise in past one decade, reaching more than 0.85 million tonnes in 2017 – compared to less than 10,000 tonnes in 2017.Rising incomes and restrictions on the import of American premium grain-fed beef has boosted meat imports in China from Europe

COMPETITIVE LANDSCAPE

The shipping industry with few dominant players (top 10 companies account for more than 70% of global cargo transported via sea) is very competitive and subject to unpredictable highs and low. In such a volatile industry, ports and shipping companies are struggling to stay competitive in terms of cost and services without compromising shipping standards. Ports are fighting to attract shipping lines and offer efficient services and better facilities

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. The market size (both volume (Million TEU) and value($Billion) of container shipping market in 2017-2022 and every year in between?
2. The impact of upcoming mandates on this market
3. The market size and forecast segmented by container type (Dry cargo and reefer)
4. The market size and forecast segmented by major container shipping trade routes
5. Future growth plans of shipping carriers
6. Latest trends in container shipping market

To enquire about the report write to us at sales@mobilityforesights.com

The report can be purchased at https://mobilityforesights.com/product/global-container-shipping-market-2017-2022/

We are a market research firm specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction& agricultural equipment. We deal with syndicated research, custom research and consumer research for all the above domains mentioned. We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion.

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This release was published on openPR.