Market Overview:
The global dry freight container market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for dry freight containers from various end-use industries, such as food, consumer goods, and industrial transport. In terms of type, the below 25 ft segment is projected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the growing demand for small-sized containers in developing countries across regions such as Asia Pacific and Latin America.
Product Definition:
A dry freight container is a reusable steel box used to transport goods that are not temperature-sensitive. The importance of dry freight containers is that they protect the goods from weather and other elements, which can damage them.
Below 25 ft:
Below 25 ft. (7.6 m) is a term used for the lowest container that can be loaded onto a standard 53 ft. (16 m) long truck or into an ordinary 40-ft.-long (12m) container without any special adaptation or reinforcement and still have adequate strength to carry its weight and all other legal requirements being fulfilled, as per the U.S.
25-40 ft:
25-40 ft is the size of a standard Dry Freight Container (DFC). It measures 25' to 40' in length and width. The height of this container varies with its use. For example, if it's used for storing automobiles, then it would be at least 7 feet tall but usually much higher than that.
It can carry approximately 1/3 ton to 1/2 ton of cargo depending upon the weight.
Application Insights:
The food segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the increasing demand for packaged foods, including ready-to-eat meals, frozen meals, snack foods and bakery products. Moreover, rising disposable income levels coupled with a growing population in developing countries has created a positive impact on market growth.
Consumer goods are expected to be the fastest growing application segment from 2018 to 2030 owing to factors such as rapid urbanization along with rising living standards and changing consumption patterns of consumers across various regions globally. Rapidly expanding manufacturing sectors in emerging economies such as China India & Brazil have also played an important role in driving dry freight containers market growth over the recent years.
Increasing industrial production across various regions coupled with strong economic development has supported containerized cargo transportation services for raw material supply which is likely to drive industry expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global dry freight container market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rising manufacturing activities across major economies, such as China, India, Japan and Southeast Asian countries. Growing industrialization coupled with increasing foreign investments in these regions is projected to boost industry expansion over the next eight years.
The Asia Pacific regional market accounted for a share of more than 30% in 2017 owing to high demand from industries including food & beverage, consumer goods transportation and logistics services providers across emerging economies including China and India.
Growth Factors:
- Increasing international trade and globalization: The growth of the dry freight container market is directly linked to the growth of international trade. As economies around the world become more interconnected, the demand for dry freight containers will continue to grow.
- Rising consumer demand in developing countries: A large portion of future global economic growth is expected to come from developing countries, where rising consumer demand will drive increased imports and exports. This will create a strong demand for dry freight containers.
- Advances in transportation technology: New transportation technologies such as railroads, trucks, and ships are constantly being developed that can help move goods more efficiently and cost-effectively. This will lead to an increase in global trade volume, which will benefit the dry freight container market.
- . Urbanization and industrialization: As more people move into cities and industries continue to develop around the world, there will be an increased need for goods to be transported into these areas quickly and efficiently. Dry freight containers are well-suited for this type of transport, making them a valuable commodity in today’s economy . 5.. Growing environmental awareness: There is a growing trend among consumers worldwide towards buying products that have been produced sustainably with minimal environmental impact . This has led many companies to seek out shipping solutions that also meet these sustainability criteria . Dry freight containers fit this description perfectly , making them an increasingly popular choice among shippers
Scope Of The Report
Report Attributes
Report Details
Report Title
Dry Freight Container Market Research Report
By Type
Below 25 ft, 25-40 ft, Above 40 ft
By Application
Food, Consumer Goods, Industrial Transport
By Companies
CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logis, Maersk Container Industr, Charleston Marine Contai, Sea Box, Hoover Container Solutio, CIMC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Dry Freight Container Market Report Segments:
The global Dry Freight Container market is segmented on the basis of:
Types
Below 25 ft, 25-40 ft, Above 40 ft
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Consumer Goods, Industrial Transport
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CIMC
- SINGAMAS
- CXIC Group
- Shanghai Universal Logis
- Maersk Container Industr
- Charleston Marine Contai
- Sea Box
- Hoover Container Solutio
- CIMC
Highlights of The Dry Freight Container Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 25 ft
- 25-40 ft
- Above 40 ft
- By Application:
- Food
- Consumer Goods
- Industrial Transport
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dry Freight Container Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A dry freight container is a large, rectangular metal box that can be used to transport goods by sea or air. The containers are stacked on pallets and transported by truck, train, or ship.
Some of the major companies in the dry freight container market are CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logis, Maersk Container Industr, Charleston Marine Contai, Sea Box, Hoover Container Solutio, CIMC.
The dry freight container market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dry Freight Container Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dry Freight Container Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dry Freight Container Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dry Freight Container Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dry Freight Container Market Size & Forecast, 2020-2028
4.5.1 Dry Freight Container Market Size and Y-o-Y Growth
4.5.2 Dry Freight Container Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 25 ft
5.2.2 25-40 ft
5.2.3 Above 40 ft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Consumer Goods
6.2.3 Industrial Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dry Freight Container Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dry Freight Container Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 25 ft
9.6.2 25-40 ft
9.6.3 Above 40 ft
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Consumer Goods
9.10.3 Industrial Transport
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 25 ft
10.6.2 25-40 ft
10.6.3 Above 40 ft
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Consumer Goods
10.10.3 Industrial Transport
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 25 ft
11.6.2 25-40 ft
11.6.3 Above 40 ft
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Consumer Goods
11.10.3 Industrial Transport
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 25 ft
12.6.2 25-40 ft
12.6.3 Above 40 ft
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Consumer Goods
12.10.3 Industrial Transport
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 25 ft
13.6.2 25-40 ft
13.6.3 Above 40 ft
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Consumer Goods
13.10.3 Industrial Transport
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dry Freight Container Market: Competitive Dashboard
14.2 Global Dry Freight Container Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CIMC
14.3.2 SINGAMAS
14.3.3 CXIC Group
14.3.4 Shanghai Universal Logis
14.3.5 Maersk Container Industr
14.3.6 Charleston Marine Contai
14.3.7 Sea Box
14.3.8 Hoover Container Solutio
14.3.9 CIMC
