Market Overview:
The global shipping 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 transportation of goods and rising trade activities across the globe. In terms of type, the dry freight containers segment is expected to hold a major share in the global shipping containers market during the forecast period. This can be attributed to their growing popularity for transportation of food items, consumer goods, and industrial products across different regions. The refrigerated containers segment is also anticipated to witness significant growth during the forecast period owing to its increasing demand for transport of perishable items such as fruits, vegetables, meat, and dairy products.
Product Definition:
Shipping containers are standardized, reusable steel boxes that are used to move goods by ship, truck or rail. They come in two standard sizes: 20 feet long and 40 feet long. There are also 10-foot and 30-foot containers, but they're less common.
The importance of shipping containers is that they provide a consistent and reliable way to transport goods around the world. They're also relatively cheap and easy to use, which has helped make them ubiquitous in the shipping industry.
Dry Freight Containers:
Dry freight containers, also known as shipping containers or cargo boxes are metal boxes that are used to carry goods from manufacturer to the retailer in a single transaction. They can be either open-top or closed-top depending on the type of transactions involved. The primary function of dry freight container is to protect goods from external forces such as atmospheric pressure, vibration, and impact during transportation.
The global dry freight containers market size was valued at USD 50.71 billion in 2016.
Refrigerated Containers:
Refrigerated containers are used to transport perishable goods such as food, beverages, pharmaceuticals and other temperature-sensitive products. Refrigeration is used to slow the process of decomposition or degradation of perishable goods so that they can be transported for a longer duration without spoilage.
The global refrigerated containers market size was valued at USD 85.71 billion in 2016.
Application Insights:
The food transport application segment led the global shipping containers market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for chilled and frozen foods across various regions, including Europe, North America, and Asia Pacific. Moreover, increasing disposable income levels in developing countries such as China and India is expected to propel industry growth over the coming years.
Consumer goods accounted for 23.9% share of the overall revenue in 2017 due to growing e-commerce activities across various regions including Europe, North America, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising investments in infrastructure development and increasing trade activities across emerging economies, such as China and India. In addition, growing industrialization in these countries will drive product demand over the next eight years.
The European region accounted for a share of more than 20% in 2017 owing to early adoption of shipping containers for inland transport services by countries including Germany and Belgium among others. However, factors like economic slowdown post-recession are anticipated to hinder regional growth from 2018 to 2030 time frame. North America region is also likely witness sluggish growth due to saturation point with respect freight container industry trends along with macroeconomic factors prevailing within U.S.
Growth Factors:
- Increasing international trade: The global shipping containers market is expected to grow at a CAGR of more than 5% during the forecast period. This can be attributed to the increasing international trade, which is in turn fueled by the rising disposable income and globalization.
- Urbanization and industrialization: The growth of urban population and industrial sector across the globe is fueling the demand for shipping containers. Additionally, development of seaports and airports is also contributing to market growth.
- Technological advancements: With technological advancements, there has been a shift from traditional transportation modes such as roadways and railways to maritime transportations, thereby boosting demand for shipping containers globally. In addition, container leasing companies are increasingly offering innovative solutions such as smart containers that have RFID tags for tracking goods inside them electronically throughout their journey from point A to B reducing theft or loss incidents). These technological advancements are likely to propel market growth during the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Shipping Containers Market Research Report
By Type
Dry Freight Containers, Refrigerated Containers, Other Types, Shipping Container
By Application
Food Transport, Consumer Goods Transport, Industrial Product Transport, Other Applications
By Companies
CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Sea Box, Hoover Container Solutions, Shipping Container
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Shipping Containers Market Report Segments:
The global Shipping Containers market is segmented on the basis of:
Types
Dry Freight Containers, Refrigerated Containers, Other Types, Shipping Container
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 Transport, Consumer Goods Transport, Industrial Product Transport, Other Applications
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
- Shipping Container
Highlights of The Shipping 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:
- Dry Freight Containers
- Refrigerated Containers
- Other Types
- Shipping Container
- By Application:
- Food Transport
- Consumer Goods Transport
- Industrial Product Transport
- Other Applications
- 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 Shipping 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.
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- Correctly Positioning New Products
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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?
Shipping containers are large, rectangular metal boxes that can be stacked on top of each other to create a shipping container stack. They are used for shipping goods by sea and by air.
Some of the major players in the shipping containers market are CIMC, SINGAMAS, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Sea Box, Hoover Container Solutions, Shipping Container.
The shipping containers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shipping Containers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shipping Containers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shipping Containers Market - Supply Chain
4.5. Global Shipping Containers Market Forecast
4.5.1. Shipping Containers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shipping Containers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shipping Containers Market Absolute $ Opportunity
5. Global Shipping Containers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shipping Containers Market Size and Volume Forecast by Type
5.3.1. Dry Freight Containers
5.3.2. Refrigerated Containers
5.3.3. Other Types
5.3.4. Shipping Container
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shipping Containers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shipping Containers Market Size and Volume Forecast by Application
6.3.1. Food Transport
6.3.2. Consumer Goods Transport
6.3.3. Industrial Product Transport
6.3.4. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shipping Containers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shipping Containers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shipping Containers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shipping Containers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shipping Containers Demand Share Forecast, 2019-2026
9. North America Shipping Containers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shipping Containers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shipping Containers Market Size and Volume Forecast by Application
9.4.1. Food Transport
9.4.2. Consumer Goods Transport
9.4.3. Industrial Product Transport
9.4.4. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shipping Containers Market Size and Volume Forecast by Type
9.7.1. Dry Freight Containers
9.7.2. Refrigerated Containers
9.7.3. Other Types
9.7.4. Shipping Container
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shipping Containers Demand Share Forecast, 2019-2026
10. Latin America Shipping Containers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shipping Containers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shipping Containers Market Size and Volume Forecast by Application
10.4.1. Food Transport
10.4.2. Consumer Goods Transport
10.4.3. Industrial Product Transport
10.4.4. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shipping Containers Market Size and Volume Forecast by Type
10.7.1. Dry Freight Containers
10.7.2. Refrigerated Containers
10.7.3. Other Types
10.7.4. Shipping Container
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shipping Containers Demand Share Forecast, 2019-2026
11. Europe Shipping Containers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shipping Containers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shipping Containers Market Size and Volume Forecast by Application
11.4.1. Food Transport
11.4.2. Consumer Goods Transport
11.4.3. Industrial Product Transport
11.4.4. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shipping Containers Market Size and Volume Forecast by Type
11.7.1. Dry Freight Containers
11.7.2. Refrigerated Containers
11.7.3. Other Types
11.7.4. Shipping Container
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shipping Containers Demand Share, 2019-2026
12. Asia Pacific Shipping Containers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shipping Containers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shipping Containers Market Size and Volume Forecast by Application
12.4.1. Food Transport
12.4.2. Consumer Goods Transport
12.4.3. Industrial Product Transport
12.4.4. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shipping Containers Market Size and Volume Forecast by Type
12.7.1. Dry Freight Containers
12.7.2. Refrigerated Containers
12.7.3. Other Types
12.7.4. Shipping Container
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shipping Containers Demand Share, 2019-2026
13. Middle East & Africa Shipping Containers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shipping Containers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shipping Containers Market Size and Volume Forecast by Application
13.4.1. Food Transport
13.4.2. Consumer Goods Transport
13.4.3. Industrial Product Transport
13.4.4. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shipping Containers Market Size and Volume Forecast by Type
13.7.1. Dry Freight Containers
13.7.2. Refrigerated Containers
13.7.3. Other Types
13.7.4. Shipping Container
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shipping Containers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shipping Containers Market: Market Share Analysis
14.2. Shipping Containers Distributors and Customers
14.3. Shipping Containers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CIMC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SINGAMAS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CXIC Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shanghai Universal Logistics Equipment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Maersk Container Industry
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Charleston Marine Containers
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sea Box
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hoover Container Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shipping Container
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
