Published on: May 30, 2024
The Shipping Container Market size is estimated to grow by USD 2.45 billion at a CAGR of 4.33% between 2022 and 2027. The growth of the market depends on several factors such as growing global container traffic, rising seaborne trade across the globe, and growth of rail intermodal across the globe. It is also influenced by factors such as fleet expansion by shipping corporations, advancements in container technology, and increasing global trade volumes.
The shipping container market encompasses a range of container types, including dry storage containers, refrigerated containers, and flat rack containers, used for transporting goods by land and sea. It serves industries such as food and beverages, consumer goods, healthcare, and industrial products, and its products are used for multiple transportation modes, including land, water, and multimodal.
Several trends are shaping the shipping container market, including the adoption of innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), and blockchain to optimize container tracking, security, and supply chain visibility. There is a growing demand for customization capabilities and reusable steel containers to meet specific shipping requirements.
The expansion of international trade, globalization, and the rise of e-commerce are all driving the shipping container market, as they have increased demand for efficient cargo transportation and storage solutions. Factors such as economic growth, trade agreements, and infrastructure development drive demand for shipping containers across industries.
The shipping container market also has to contend with trade conflicts, tariffs, regulatory barriers, and trade disputes, which can disrupt global supply chains and impact demand for containerized cargo. Port congestion, maritime freight costs, and pandemic-related disruptions also pose challenges for shipping corporations and logistics providers.
Manufacturers and vendors can capitalize on opportunities in sectors such as healthcare, where specialized containers are needed for transporting temperature-sensitive pharmaceuticals and medical supplies. Additionally, the rental market for shipping containers drives demand for cost-effective and flexible logistics solutions.
Technavio’s market research on this industry provides a detailed analysis of the market landscape, providing data on product types, regional markets, sales channels, and more.
Our shipping container market segmentation covers topics such as:
APAC is projected to account for 48% of the global market’s growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
There is an increase in the expansion of several prominent drug manufacturers in APAC which is fuelling the sales of medical products in the region. As a result, the increase in sales of medical products is fuelling the transportation requirements of medical products, as around 20% of medical products need refrigeration. Additionally, several countries in APAC have signed the Trans-pacific partnership which enables countries such as Malaysia, Singapore, and Vietnam, to easily connect with developed countries such as the US for trade deals. As a result, such trade relations are expected to positively impact the market.
Technavio's shipping container industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our shipping container market reports include:
In order to provide you with a comprehensive view of the shipping container industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
1.How do I identify key trends in the shipping container market?
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
2.How do I decide which segments of the shipping container market to focus on?
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
3.Who are the major players in the shipping container market?
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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