Shipping Containers Market

Shipping containers refer to the containers that comprise of the strength required to withstand shipment, storage, and handling. These are the type of corrugated steel boxes which are designed to be highly stackable and can be used with a cargo crane that helps in carrying it between the trucks, ships, and rail cars. These containers are used for around 10-15 years before being retired into the domestic fleet and are kept under regular inspection at the time of the journey to ensure the safety standards. The shipping containers at the time of their marine life are repaired and inspected to uniform the global standard stipulated by the International Institute of Container Lessors.

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The growth opportunities in the global shipping containers market look promising in the upcoming years. There has been an increase in the demand for shipping containers with enhanced features worldwide owing to the growing number of trade activities in the developing and developed nations, especially through waterways. Moreover, smart shipping containers is gaining traction among the end-users as it offers remarkable features including a higher level of transparency, enabling the optimization of supply chain & loopholes, and a high degree of customer experiences. The combination of these features will accelerate the growth of the global shipping containers market during the forecast period.

The inclination towards adopting of automation in the marine transportation is leading to the increased requirement of safety measures, which will further surge the use of shipping containers along with the growth in the manufacturing facilities, increasing globalization, and rapid industrialization. The factors responsible for hindering the growth of the global shipping containers market include the variations in the transportation costs and costs of the inventory. Furthermore, the outbreak of the COVID-19 pandemic has negatively impacted the growth of the market. With the strict lockdown in various countries, sealing of the national borders, and the temporary shutdown of airlines and shipping business, there has been a significant fall in demand for shipping containers, especially in the year 2020. However, the market is expected to bounce back in 2021 while growing at a significant rate from 2022 onwards.

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Based on the product type, the Dry Storage Container segment is anticipated to grow at a higher CAGR during the forecast period owing to the high adoption of these containers as a result of the rising demand for these containers from the logistics and shipping industry.

Based on the container size, the Large Container segment is expected to increase at a higher compound annual growth rate during the forecast period due to the increasing usage of this size container in the trade and other activities as this size of the container has higher storage capacity and are more reliable.

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Based on the region, the Asia-Pacific region is anticipated to dominate the market during the forecast period owing to the growth in the trade activities and several supportive government policies of trade. Moreover, the increase in the seaborne trade activities, enhancement in the transportation services, and the rising trend of containerization of goods will further create innumerable growth opportunities in the market across the Asia-Pacific region.

Various notable players operating in the market include CARU Containers, A.P. Moller – Maersk, COSCO SHIPPING Development Co., Ltd, China International Marine Containers (Group) Ltd., OEG Offshore Limited, TLS Offshore Containers, W&K Containers, Inc., Singamas Container Holdings Limited, YMC Container Solutions, and CXIC Group, among others.

Key Developments:

• • In 2020, A.P. Moller – Maersk launched an intermodal container service for the Russian market that connects the dry port of Vorsino near Moscow to the port of Novorossiysk on the Black Sea. This container service is provided jointly by Maersk and the Russian partners Transcontainer JSC and Ruscon Group.
  • In 2019, COSCO SHIPPING Development Co., Ltd acquired five Chinese units of Singamas Container Holdings Ltd., its Singaporean rival. The five container units are Qidong Singamas, Qingdao Pacific, Ningbo Pacific, Singamas Container (Shanghai), and Qidong Pacific.

The global shipping containers market has been segmented on the basis of the container size, product type, end-use, and region. Based on the container size, the market is segmented into a small container, large container, and high cube container. Based on the product type, the market is segmented into flat rack container, dry storage container, special purpose container, refrigerated container, and others. Based on the end-use, the market is segmented into consumer goods, food & beverages, industrial products, healthcare, vehicle transport, and others.

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Key questions answered in this research report:

• • At what pace is the global shipping containers market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global shipping containers market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global shipping containers market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various end-use of shipping containers, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Shipping Containers Market by Container Size

• • Small Container
  • Large Container
  • High Cube Container

Global Shipping Containers Market by Product Type  

• • Flat Rack Container
  • Dry Storage Container
  • Special Purpose Container
  • Refrigerated Container
  • Others

Global Shipping Containers Market by End-Use

• • Consumer Goods
  • Food & Beverages
  • Industrial Products
  • Healthcare
  • Vehicle Transport
  • Others

Global Shipping Containers Market by Region

• • North America Shipping Containers Market (Option 1: As a part of the free 25% customization)
    • North America Shipping Containers Market by Container Size
    • North America Shipping Containers Market by Product Type
    • North America Shipping Containers Market by End-Use
    • US Shipping Containers Market All-Up
    • Canada Shipping Containers Market -Up
  • Europe Shipping Containers Market (Option 2: As a part of the free 25% Customization)
    • Europe Shipping Containers Market by Container Size
    • Europe Shipping Containers Market t by Product Type
    • Europe Shipping Containers Market by End-Use
    • UK Shipping Containers Market All-Up
    • Germany Shipping Containers Market All-Up
    • France Shipping Containers Market All-Up
    • Spain Shipping Containers Market All-Up
    • Rest of Europe Shipping Containers Market All-Up
  • Asia-Pacific Shipping Containers Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Shipping Containers Market by Container Size
    • Asia-Pacific Shipping Containers Market by Product Type
    • Asia-Pacific Shipping Containers Market by End-Use
    • China Shipping Containers Market All-Up
    • India Shipping Containers Market All-Up
    • Japan Shipping Containers Market All-Up
    • Rest of APAC Shipping Containers Market All-Up
  • RoW Shipping Containers Market (Option 4: As a part of the free 25% Customization)
    • RoW Shipping Containers Market by Container Size
    • RoW Shipping Containers Market by Product Type
    • RoW Shipping Containers Market by End-Use
    • Brazil Shipping Containers Market All-Up
    • South Africa Shipping Containers Market All-Up
    • Saudi Arabia Shipping Containers Market All-Up
    • UAE Shipping Containers Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Shipping Containers Market All-Up

Global Shipping Containers Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • CARU Containers
  • P. Moller – Maersk
  • COSCO SHIPPING Development Co., Ltd
  • China International Marine Containers (Group) Ltd.
  • OEG Offshore Limited
  • TLS Offshore Containers
  • W&K Containers, Inc.
  • Singamas Container Holdings Limited
  • YMC Container Solutions
  • CXIC Group