Market - Shipping Containers Market
Market Value - US$ 13.7 Bn in 2031
Market CAGR Value – 7.1% in 2031
Market Forecast Year - 2021 to 2031
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This report provides in depth study of SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Shipping Containers Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Global shipping container sales are set to increase in valuation from around US$ 7.9 Bn currently to US$ 13.7 Bn by the end of 2031, which would equate to 2.1 Mn units, according to latest market insights by Persistence Market Research. Growing need to transport products via waterways, which is both, economically feasible and secure, is majorly driving demand for shipping containers market.
Dry containers account for over 70% of the total market share, and have been the mainstay of the shipping industry over the years, especially dry insulated containers. Steel is the most widely used material for the manufacturing of shipping containers, representing 40% market share, and most manufacturers prefer its use as it makes the containers weldable and rust-resistant, and also provides higher corrosion resistance and tensile strength.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – Hapag Lloyd AG, Evergreen Marine Corp. and others, Cleveland Containers, BSL Containers Ltd., Sicom SpA, China International Marine Containers Co., Ltd., and Maersk Container Industry and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Shipping Containers.
Key Takeaways from Market Study
- Key manufacturers are inclined toward 40 feet high cube containers as compared to 40 feet conventional containers as they provide around 12% more carrying capacity.
- Inclusion of specially constructed features to speed up loading & unloading while keeping containers secure will drive the global market.
- Demand is high for uniquely configured specialized shipping containers to protect and support content while being handled, shipped, stored, and unpacked by users.
- Market players are developing new materials such as hybrid and fiber-reinforced polymer (FRP) to reduce the weight of containers, which helps in cutting expenses on labor and installation.
- Steel shipping containers account for 40% market share.
- Dry shipping containers account for over 70% of the global market share.
- The global shipping containers market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -4.4%.
“Significant surge in demand from pharmaceutical industry for shipping containers is expected to offer lucrative opportunities for market players. Prices of shipping containers are on the rise due to strong demand where the supply rate is being outpaced,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Shipping Containers Market Manufacturers
Shipping Containers Market Distributors/Traders/Wholesalers
Shipping Containers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Shipping Containers Market Report:
· The Shipping Containers Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
· The report dives deeper into the market and explains the dynamic factors bolstering market growth.
· The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
· The report analyzes the Shipping Containers Market presence across major regions of the world.
· It determines the production & consumption capacities and demand & supply dynamics of each regional market.
· The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
· It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
· What will the Market growth rate in Future?
· What are the key factors driving the global Market?
· Who are the key manufacturers in Market space?
· What are the opportunities and threats faced by the vendors in the global industry?
· What are sales, revenue, and price analysis by regions of industry?
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