Overview:

The global shipping containers market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Shipping container is a huge steel box used for transportation of goods via road or sea. These containers are reusable and available in various capacities. The shipping container also helps to store and protect goods during the transportation.

Market Dynamics:

Shipping containers are mainly used for transportation of goods through ships. They are available in various sizes and capacity, mostly preferred are 20ft, 30ft, and 40ft. Gradual increase in trade activities across countries, coupled with adoption of high capacity containers among shipping companies in order to increase the transport capacity is positively impacting the global market.

Benefits associated with container shipping such as transportation at low cost, better safety for the goods, and better flexibility in terms of carrying goods is a major factor driving growth of the global market. In addition, growing E-commerce sector across the globe, rising market expansion activity among key players of various industries, growing focus on online retail sales in various businesses are some other factors resulting in growth of sea-borne trade. This in turn expected to drive growth of the target market over the forecast period.

However, rising preference for air-borne trade is a key factor expected to hamper growth of the shipping containers market in the forecast period. Additionally, rising fuel cost resulting in increasing cost of sea-borne trade is among the other factor affecting market growth.

Key Trends:

Rising focus on strategic M&A activity among key players is a key trend supporting growth of the global shipping containers market. For example, Cosco Shipping Financial Holdings has acquired four container making units of SS Teo’s Singamas Container Holdings in May 2019.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific shipping containers market is expected to hold major market share in the global market, owing to high container manufacturing facilities and capacity in countries such as China and increasing trade activities in the region.

However, the Europe shipping containers market is expected to witness strong growth followed by the market in North America region over the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Shipping Containers Market, By Container Size:

• Small Container (20 Feet)
• Large Container (40 Feet)
• High Cube Container (40 Feet)

Global Shipping Containers Market, By Product Type:

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

Key Players Covered:

Key players operating in the global market include, China International Marine Containers (Group) Ltd., TLS Offshore Containers International, CXIC Group Containers Co Ltd., A.P. MOLLER - MAERSK GROUP, Singamas Container Holdings Limited, Dong Fang International Asset Management Ltd., W&K Containers, Inc., YMC Container Solutions, China Shipping Container Lines Co. Ltd., and Jindo Co. Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Shipping Containers Market by container size, product type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global shipping containers market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.