Shipping Container Market Size Projected To Reach Approximately $12.08 billion by 2027

Shipping Container Market

By product type, the dry storage containers segment was the highest revenue contributor in 2019.

WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 10, 2024 /EINPresswire.com/ -- Factors such as increase in demand for cargo transportation through ships and rise in trade-related agreements supplement the growth of the 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭.. Moreover, factors such as fluctuations in transportation and inventory costs hamper the growth of the shipping containers market. However, factors such as anticipated trend of automation in marine transportation and increase in marine safety norms are the expected to provide opportunities for the growth of the shipping containers market during the forecast period. The global shipping containers market was valued at $8.70 billion in 2019, and is projected to reach $12.08 billion by 2027, registering a CAGR of 4.3% for the forecast period 2020-2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 265 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/2168

Based on product type, the market is categorized into dry storage containers, flat rack containers, refrigerated containers, special-purpose containers, and others. The dry storage containers segment dominated the market in 2018, accounting for more than one-fourth of the market. In addition, the segment is projected to register the highest CAGR of 5.3% during the forecast period.

This was attributed to an increase in seaborne trade, and rise in trend of containerization of products worldwide. China accounted for a major share of the Asia-Pacific market. LAMEA is anticipated to experience a faster growth rate as compared to North America during the forecast period. This is due to the availability of larger coastal line and increase in dependency over seaborne trade by countries in this region.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/shipping-containers-market/purchase-options

The global shipping containers market size report includes an in-depth analysis of the major market players such as CARU containers, China International Marine Containers, A.P. Moller-Maersk Group, COSCO SHIPPING Development Co., Ltd, OEG Offshore limited, Singamas Container Holdings Limited, TLS Offshore Containers International, W&K Containers, Inc., CXIC Group, YMC Container Solutions, and others.

The size of containers segment is segmented into small containers (20 feet), large containers (40 feet), and high cue containers (40 feet). In 2015, the small containers segment occupied a majority of the market share and is expected to maintain its dominance throughout the forecast period (2017-2023). This is due to increase in manufacturing facilities, and growing import and export of commodities by countries worldwide. The high cube containers segment is anticipated to grow at the highest CAGR, owing to long life span, modest maintenance cost, and versatility of the container attached to it.

Shipping container is a standardized reusable steel box used for the storage and movement of materials and products within a freight transport system. ISO or intermodal containers are used for the intermodal transport of freight. They are manufactured according to specifications from the International Organization for Standardization (ISO) and are suitable for multiple transportation methods such as truck, rail, or ship. These regulations define a shipping containers that meet size, strength, and durability requirements. The basis of these regulations is to guarantee that the container is expected to withstand extreme environments endured during transport as well as possess the structural integrity that needs to be lifted by cranes or other heavy equipment.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/2168

The global shipping containers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held more than one-third of the market and is expected to dominate the market throughout 2027. At the same time, the segment is anticipated to manifest the fastest CAGR of 5.5% from 2020 to 2027.

Asia-Pacific dominates the market in terms of growth, followed by Europe, LAMEA, and North America. China dominated the global shipping containers market share in 2019, whereas Malaysia is expected to grow at a significant rate in the shipping containers market during the forecast period.

The rise in demand for cargo transportation through ships and an increase in trade-related agreements have boosted the growth of the global 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭. However, fluctuations in transportation and inventory costs hamper the market. On the contrary, the anticipated trend of the automation in marine transportation, and the rise in marine safety norms would create opportunities for the market players in the coming years.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐂𝐎𝐒𝐂𝐎 𝐒𝐇𝐈𝐏𝐏𝐈𝐍𝐆 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐂𝐨. 𝐋𝐭𝐝, 𝐘𝐌𝐂 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, 𝐓𝐋𝐒 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬 / 𝐓𝐋𝐒 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬, 𝐂𝐀𝐑𝐔 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬, 𝐒𝐢𝐧𝐠𝐚𝐦𝐚𝐬 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝., 𝐂𝐗𝐈𝐂 𝐆𝐫𝐨𝐮𝐩, 𝐂𝐡𝐢𝐧𝐚 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐢𝐧𝐞 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬, 𝐎𝐄𝐆 𝐎𝐅𝐅𝐒𝐇𝐎𝐑𝐄 𝐋𝐈𝐌𝐈𝐓𝐄𝐃, 𝐖&𝐊 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬, 𝐈𝐧𝐜., 𝐀.𝐏. 𝐌𝐨𝐥𝐥𝐞𝐫-𝐌𝐚𝐞𝐫𝐬𝐤 𝐆𝐫𝐨𝐮𝐩

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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