Market Overview:
The global flat rack containers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for flat rack containers in various applications, such as steel and livestock, across different regions. North America is expected to lead the global flat rack containers market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A flat rack container is a type of cargo container that is designed to be loaded and unloaded from the sides, rather than the top. This makes it ideal for items that are too tall or wide to fit into a standard cargo container. Flat rack containers are often used for heavy machinery or other large items that need to be transported by sea or air.
20ft:
20ft is the measurement of stacking height of rack containers. It is a unit used to measure the height, width and depth of stackable goods in container ships. The 20 foot (6.08 m) consists of one hundred twenty-five thousand (125K) pounds or six thousand eight hundred forty-six (7684)newtons which are equal to approximately seven(7) tons or about the weight of an SUV automobile.
40ft:
40ft is the measurement of length and it's used to define the size or capacity of flat rack containers. It is mainly used in reference to shipping container sizes that are transported on trucks, rail, ships, etc. The 40ft flat rack container has a height and width of 4tyles (8FT) x 8FT which gives it a total capacity of 4800 cubic feet.
Application Insights:
The steel application segment accounted for the largest revenue share of over 60.0% in 2017 and is projected to witness significant growth during the forecast period. The demand for flat rack containers is expected to increase owing to their ability to pack multiple units of identical size into a single unit, thereby saving on storage space as well as transportation cost.
Livestock was the second-largest application segment in 2017 and is estimated to witness substantial growth during the forecast period due largely on account of rising meat consumption across various regions including Asia Pacific and North America. The industry players are investing significantly in R&D activities pertaining to livestock feed additives which can improve animal productivity while reducing environmental impact such as greenhouse gas emissions by 50%. This factor would augment market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, increasing foreign investments, and favorable government policies. China is one of the largest consumers of these containers globally owing to its rapidly expanding manufacturing sector.
Europe accounted for a significant share in terms of revenue as well as capacity in 2017 owing to heavy investments made by governments for modernizing ports and airports across countries such as Germany, Italy, Spain among others. Moreover, rising trade activities with U.K.
North America emerged as one of the major markets accounting for more than 20% share in terms of revenue globally due mainly to high demand from meat packing companies operating within U.S.
Growth Factors:
- Increasing demand for flat rack containers in the transportation and logistics sector as they offer a versatile and cost-effective solution for shipping goods.
- Rising popularity of container leasing as it offers an economical way to lease containers without having to make a large upfront investment.
- Proliferation of e-commerce and the need for fast, reliable, and cost-effective shipping solutions is driving the demand for flat rack containers worldwide.
- Growing trend of using modular construction which has led to an increase in demand for flat rack containers among construction companies worldwide. 5 Flat Rack Container manufacturers are focusing on developing innovative products that can meet the needs of their customers, thus helping to drive market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Flat Rack Containers Market Research Report
By Type
20ft, 40ft
By Application
Steel, Livestock
By Companies
CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Sea Box, Hoover Container Solutions, 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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Flat Rack Containers Market Report Segments:
The global Flat Rack Containers market is segmented on the basis of:
Types
20ft, 40ft
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
Steel, Livestock
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 Logistics Equipment
- Maersk Container Industry
- Charleston Marine Containers
- Sea Box
- Hoover Container Solutions
- CIMC
Highlights of The Flat Rack Containers 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:
- 20ft
- 40ft
- By Application:
- Steel
- Livestock
- 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 Flat Rack Containers 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 flat rack container is a type of storage container that is designed to be stacked on top of one another. This type of storage container can be used for items such as clothes, toys, or other small objects.
Some of the major companies in the flat rack containers market are CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Sea Box, Hoover Container Solutions, CIMC.
The flat rack containers 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 Flat Rack Containers 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 Flat Rack Containers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flat Rack Containers 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 Flat Rack Containers 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 Flat Rack Containers Market Size & Forecast, 2020-2028
4.5.1 Flat Rack Containers Market Size and Y-o-Y Growth
4.5.2 Flat Rack Containers 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 20ft
5.2.2 40ft
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 Steel
6.2.2 Livestock
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flat Rack Containers 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 Flat Rack Containers 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 20ft
9.6.2 40ft
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 Steel
9.10.2 Livestock
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 20ft
10.6.2 40ft
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 Steel
10.10.2 Livestock
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 20ft
11.6.2 40ft
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 Steel
11.10.2 Livestock
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 20ft
12.6.2 40ft
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 Steel
12.10.2 Livestock
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 20ft
13.6.2 40ft
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 Steel
13.10.2 Livestock
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 Flat Rack Containers Market: Competitive Dashboard
14.2 Global Flat Rack Containers 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 Logistics Equipment
14.3.5 Maersk Container Industry
14.3.6 Charleston Marine Containers
14.3.7 Sea Box
14.3.8 Hoover Container Solutions
14.3.9 CIMC
