The global Shipping Container Market accrued earnings worth approximately 6.45 (USD Billion) in 2020 and is predicted to gain revenue of about 16.01(USD Billion) by 2028, is set to record a CAGR of nearly 12.1% over the period from 2021 to 2028.
The global Shipping Container Market accrued earnings worth approximately 6.45 (USD Billion) in 2020 and is predicted to gain revenue of about 16.01(USD Billion) by 2028, is set to record a CAGR of nearly 12.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Shipping Container Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Shipping Container Market: Overview
Shipping containers are available in myriad shapes and range from huge reusable steel boxes to corrugated boxes. They help in bundling cargo & goods into huge unitized loads and can be easily managed, shifted, and stacked. These products are easily packaged in ship just like pallets & cardboard boxes. They are manufactured from steel and aluminum and its production is made as per the laws of ISO (International Organization for Standardization).
Shipping Container Market: Growth Factors
Surge in cargo transport activities through ships & steamers will spur market size. Additionally, shipping containers are used for transporting as well as goods carriage without uploading & reloading need at intermediate points. This has enhanced popularity of product leading to humungous growth of shipping container industry. Apart from this, rise in maritime shipping activities with rise in trade deals across globe will embellish business trends. Nonetheless, huge costs of product can pose a threat to expansion of shipping container industry in near future.
Furthermore, growing acceptance of automation in container terminals resulting in container standardization will drive market trends. In addition to this, some of the countries such as India are producing cargo containers with help of regional producers as a part of its Atmanirbhar Bharat initiative. Such moves will create humungous demand for shipping containers across globe.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Shipping Container Market: Regional Insights
Asia Pacific To Contribute Huge Market Share Over Forecast Timeframe
Growth of shipping container market in Asia Pacific over forecast timeline is subject to rise in trade through sea and land route activities in sub-continent. In addition to this, huge demand for shipping containers across countries such as Japan, India, and China will prop up expansion of shipping container market in Asia Pacific zone. Additionally, large-scale presence of key manufacturers in sub-continent will help in contributing sizably towards regional market revenue over coming years.
Competitive Landscape
Key players impacting market landscape and profiled in study are TLS Offshore Containers International, Sea Box, Inc., YMC Container Solutions, CXIC Group Containers Company Limited, CARU Containers B.V., Maersk Container Industry, Singamas Container Holdings Limited, China International Marine Containers Co., Ltd., OEG OFFSHORE LIMITED, and W&K Container.
The global Shipping Container Market is segmented as follows:
By Container Size
By Product Type
By End-Use
By Region
Request the coronavirus impact analysis across industries and markets
Surge in cargo transport activities through ships & steamers will spur market size. Additionally, shipping containers are used for transporting as well as goods carriage without uploading & reloading need at intermediate points. This has enhanced popularity of product leading to humungous growth of shipping container industry. Apart from this, rise in maritime shipping activities with rise in trade deals across globe will embellish business trends. Furthermore, growing acceptance of automation in container terminals resulting in container standardization will drive market trends. In addition to this, some of the countries such as India are producing cargo containers with help of regional producers as a part of its Atmanirbhar Bharat initiative. Such moves will create humungous demand for shipping containers across globe.
According to Zion market research report, the global Shipping Container Market accrued earnings worth approximately 6.45 (USD Billion) in 2020 and is predicted to gain revenue of about 16.01(USD Billion) by 2028, is set to record a CAGR of nearly 12.1% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in trade through sea and land route activities in sub-continent. In addition to this, huge demand for shipping containers across countries such as Japan, India, and China will prop up expansion of shipping container market in Asia Pacific zone. Additionally, large-scale presence of key manufacturers in sub-continent will help in contributing sizably towards regional market revenue over coming years.
The key market participants include TLS Offshore Containers International, Sea Box, Inc., YMC Container Solutions, CXIC Group Containers Company Limited, CARU Containers B.V., Maersk Container Industry, Singamas Container Holdings Limited, China International Marine Containers Co., Ltd., OEG OFFSHORE LIMITED, and W&K Container.
Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed