Flat Rack Containers Market Intelligence Report Offers Growth Prospects

Flat rack containers are used for transportation of heavy goods. These flat rack containers are especially designed for the carriage of heavy and large products such as boats, machinery, lumber and other such heavy products. These containers are suitable for heavy loads and cargo which needs loading from side or top. These containers can be transported through roadways, railways and waterways. These are specialized containers which are collapsible as well as non-collapsible containers. They either come with or without walls. Generally, steel is used in the formation of flat rack containers. These flat rack containers are used for goods which require easy loading and unloading. They are available in sizes such as 20 feet and 40 feet.

The flat rack containers are useful for manufacturers and exporters who need to ship heavy goods. The goods which are generally used for transit are heavy items such as machinery, lumber, boats, automobiles and other such products. These factors are expected to drive the market over the forecast period. Growing inter-oceanic trade among countries is expected to fuel the growth of the global flat rack containers market over the next decade. These flat rack containers are largely used in industries such as machine manufacturers, automobile industries and others. These flat rack containers have payload capacity of about 30,000-31,000 kg and cubic capacity of 32.7 m3. It is easy to stack flat rack containers on trucks, trains and cargo ships. These factor is expected to drive global flat rack containers market by the end of forecast period. General material used for the manufacturing of flat rack containers is steel.

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Global flat rack containers market is segmented as follows:, On the basis of container type, the global flat rack containers market has been segmented as:, Collapsible containers, Non-collapsible containers, On the basis of support, the global flat rack containers market has been segmented as:, With walls, Without walls, On the basis of size, the global flat rack containers market has been segmented as:, 20 feet containers, 40 feet containers, On the basis of end use industry, the global flat rack containers market has been segmented as:, Machinery industry, Heavy goods Industry, Others, Based on regions, the global flat rack containers market is divided into seven regions namely:, North America, Western Europe, Asia-pacific except Japan, Eastern Europe, Latin America, Middle-east and AfricaJapan

The global outlook in the flat rack containers market is positive towards growth prospects. The APEJ region is expected to drive the global flat rack containers market over the forecast period due to growing industrial and manufacturing activities. China is a prime exporter in the world and is likely to boost the overall growth in the global flat rack containers market over the next decade. The North America and Western Europe regions are expected to witness high growth due to well established market and growing intercontinental trade. It gives rise to the growth of global flat rack containers market over the forecast period. Growing cargo and shipping industries in the Latin America region is expected to witness positive growth in the global flat rack containers market. The Eastern Europe region is expected to witness average growth over the next decade due to confined market in the region.

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Few of the key players in the global flat rack containers market are Seaco (A division of HNA Group Co. Ltd.), Container Ltd., Hoover Ferguson Group, Inc., Qingdao Pacific Container Co., Ltd., Bootle Containers Ltd., Cleveland Containers, BSL Containers Ltd. and TLS Offshore Containers International among others.

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This release was published on openPR.