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Global Shipping Container Market By Container Size (Small Container (20 feet), Large Container (40 feet), and High Cube (40 feet)), By Product Type (Dry Storage Containers, Flat Rack Containers, Refrigerated Containers, Tank Containers and Others), By End-Use (Food & Beverages, Consumer Goods, Healthcare, Industrial Products and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027
Global Shipping Container Market Overview:
The shipping container refers to the use of large containers such as carriers to assemble the goods into a container unit for the use of large loading and unloading machinery and large vehicles in the modern circulation field for loading and unloading, handling operations and transportation. The shipping container has features such as simplifying packaging, saving a lot of packaging costs, reducing cargo damage, improving freight quality, and reducing operating expenses and transportation costs. These containers facilitate the transport of goods via both land and seaborne modes of transport, which may involve ships, rails, and trucks.
Global Shipping Container Market Insights
The global shipping container market estimated to grow at a CAGR of over 4.5% during the forecast period, 2020-2027. The growth of the market is driven by the increasing adoption of shipping containers in the seaborne trade, mounting demand of commodities, and expanding industrial base in emerging countries. Further, the surge in cargo transportation through ships and the rise in trade-related agreements supplements are anticipated to enhance the shipping container demand. Additionally, the growth in the economy, growing seaborne trade, and increasing demand for highly efficient and superior capacity shipping containers will propel the growth of global shipping container market size in the upcoming periods. The trend of automation in marine transportation and the increase in maritime safety norms are projected to bolster the growth of the global shipping container industry.
Moreover, with the global surge in population and disposable income, the rise in demand for food products, consumer goods, and essential commodities, including metal, minerals, and oil & gas, has also increased. These factors are likely to expand the international trade of such commodities, between countries, and leads to stimulate the global shipping container market share. Furthermore, the growth in countries forging free trade agreements like AFTA, TPSEP, and NAFTA (North American Free Trade Agreement) is expected to foster global market growth. The growth in sales of specialized shipping containers by the defense department and the rising trend of remote container management solutions will positively impact the shipping container market. The growing usage of smart sensors in shipping containers to reduce the losses incurred by loss and damage of goods and reduce regular in-person checkup is projected to trigger the global market growth.
Growth Driver
The surge in demand for cargo transportation through ships
There is a surge in demand for cargo transportation through seaways. Due to the advantages of seaborne transportation, such as efficient to other ends in a secure way as compared to other means of transportation. The continually growing containerized trade, increasing trend of port automation to cope with the augmented demand, has led to the growing size of port terminals to accommodate the goods, which, in turn, drives the need for shipping containers globally. As per the United Nations Conference on Trade and Development (UNCTAD), around 80% of the international trade in volume of goods is carried by sea. United Nations Conference on Trade and Development (UNCTAD) also stated that global maritime trade expanded at a slower pace in 2018, while volumes reached 11 billion tons.
The rise in trade-related agreements
In recent years, various trade agreements have been carried out between developed and developing nations to transport goods from one place to another. These factors enabled the supplier to choose seaborne transportation as a efficient and better means of transportation. This inclination has led the cargo container manufacturers to develop efficient and better containers of different shapes and sizes. These factors lead to stimulating the global shipping container industry.
Container Size Segmental Analysis
Based on the container size, the global shipping container market classified into small containers (20 feet), large containers (40 feet), and high cube containers (40 feet). The small container (20 feet) segment is expected to be the highest revenue generator for the shipping container during the forecast period. The segment’s growth is primarily attributed to the rise in manufacturing facilities and the massive surge in import and export of commodities by countries worldwide.
The high cube containers (40 feet) will witness a lucrative growth rate in the estimated period due to the long life span, modest maintenance costs, and versatility of container attached to it.
Product Type Segmental Analysis
Based on the product type, the global shipping container market segregated into dry storage containers, flat rack containers, refrigerated containers, tank containers, and others. The dry storage containers segment held a higher market share in 2019 and projected to dominate the global shipping container market by 2027. Due to increasing demand for shipping and logistics across the globe and dry transport goods, which do not allow for temperature controls, they are not suitable for moving food or chemicals that require refrigeration.
The refrigerated containers will grow at a significant CAGR in the forecast period owing to their use for shipment of perishable goods, including fruits and vegetables over long distances.
End-Use Segmental Analysis
Based on the end-use, the global shipping container market segmented into food & beverages, consumer goods, healthcare, industrial products, and others. The food and beverages segment holds largest market share in 2016 due to the surge in the shipping of food products such as fresh vegetables and fruits, frozen vegetables and fruits, fish, chilled and frozen meat, milk and dairy products, and eggs, chocolates & juice.
Healthcare will grow at a noteworthy rate during the analysis timeframe due to the rise in the shipping of healthcare products include medical devices, vaccines, and safety equipment across the globe.
Region Segmental Analysis
By geography, the global shipping container market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. Due to the swelling population, infrastructural development, manufacturing activities, and mounting trend of globalization and demographic changes in the region.
North America will capture a prominent share of the shipping container market by 2027 due to the high growth of the shipping industry and freight transport across the region, growing demand for perishable products, and a robust interstate highway network in the region.
Competitor Analysis
Companies such as China International Marine Containers Co., Ltd., Singamas Container Holdings Limited, CXIC Group Containers Company Limited, Maersk Container Industry, Sea Box, Inc., W&K Container, YMC Container Solutions, TLS Offshore Containers International, OEG OFFSHORE LIMITED, CARU Containers B.V., and IWES LTD are the key players in the global shipping container market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global shipping container manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to shipping container
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Container Size
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube (40 feet)
By Product Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Tank Containers
- Others
By End-Use
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Shipping Container Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- New Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Shipping Container Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Market Share & Forecast, 2016-2027
- By Container Size
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube (40 feet)
- By Product Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Tank Containers
- Others
- By End-Use
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Container Size
- Demand
- Market Size & Forecast, 2016-2027
- North America Shipping Container Market Overview
- North America Shipping Container Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Unit)
- North America Shipping Container Market Share & Forecast, 2016-2027
- By Container Size
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube (40 feet)
- By Product Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Tank Containers
- Others
- By End-Use
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Others
- By Country
- US
- Canada
- Mexico
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Shipping Container Market
- By Container Size
- Demand
- North America Shipping Container Market Size & Forecast, 2016-2027
- Europe Shipping Container Market Overview
- Europe Shipping Container Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Europe Shipping Container Market Share & Forecast, 2016-2027
- By Container Size
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube (40 feet)
- By Product Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Tank Containers
- Others
- By End-Use
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Shipping Container Market
- By Container Size
- Demand
- Europe Shipping Container Market Size & Forecast, 2016-2027
- Asia Pacific Shipping Container Market Overview
- Asia Pacific Shipping Container Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Asia Pacific Shipping Container Market Share & Forecast, 2016-2027
- By Container Size
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube (40 feet)
- By Product Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Tank Containers
- Others
- By End-Use
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Shipping Container Market
- By Container Size
- Demand
- Asia Pacific Shipping Container Market Size & Forecast, 2016-2027
- South America Shipping Container Market Overview
- South America Shipping Container Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- South America Shipping Container Market Share & Forecast, 2016-2027
- By Container Size
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube (40 feet)
- By Product Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Tank Containers
- Others
- By End-Use
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Shipping Container Market
- By Container Size
- Demand
- South America Shipping Container Market Size & Forecast, 2016-2027
- Middle East & Africa Shipping Container Market Overview
- Middle East & Africa Shipping Container Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Middle East & Africa Shipping Container Market Share & Forecast, 2016-2027
- By Container Size
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube (40 feet)
- By Product Type
- Dry Storage Containers
- Flat Rack Containers
- Refrigerated Containers
- Tank Containers
- Others
- By End-Use
- Food & Beverages
- Consumer Goods
- Healthcare
- Industrial Products
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Shipping Container Market
- By Container Size
- Demand
- Middle East & Africa Shipping Container Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- China International Marine Containers Co., Ltd.
- Singamas Container Holdings Limited
- CXIC Group Containers Company Limited
- Maersk Container Industry
- Sea Box, Inc.
- W&K Container
- YMC Container Solutions
- TLS Offshore Containers International
- OEG OFFSHORE LIMITED
- CARU Containers B.V.
- IWES LTD
- Other Prominent Players
