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ISO Container Market Segmented By Type that is Dry Container, Refrigerated Container, Tank Container, Open Top Container, Insulated Container and Flat Rack Container with Transport mode that is Road, Rail, Marine
ISO containers are international intermodal containers manufactured according to the specifications outlined by the International Organization for Standardization (ISO). ISO containers are designed for ship, rail and truck and the design covers everything from size to the quality of steel used for construction and the allowed gross weight.
The basis of the ISO container is to assure that the container withstands extreme environments and structural integrity placed on it through its travels over road, rail or water routes. The ISO standardization also ensures that the containers meet the size and durability requirements to allow them to stack safely and uniformly on transport systems.
Inspection of ISO containers is done after every thirty months to ensure the quality and specifications of the container. Twenty-foot equivalent units (TEU’s) is the basic unit to measure the volume of ISO container and the building block for expressing shipping capacity.
ISO containers can be classified according to types such as dry containers, refrigerated (reefer) container, tank container, open top container, insulated container and flat rack container and are used to transport wide range of products including consumer goods, industrial transport and others.
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Increasing demand for highly efficient and superior capacity containers is expected to drive the global ISO container market. Steady growth of seaborne trade, growing containerization, increasing application of remote container management solutions, increasing preference for high cube containers is further anticipated to fuel the growth of ISO container in global market.
Substantial demand for reefer containers, favorable government regulations pertaining to emissions and increasing need of standardization of containers is pushing the use of eco-friendly refrigerants in shipping containers are expected to present growth opportunities in the upcoming years. Increasing trade agreement such as NAFTA, ASEAN, etc. are projected to propel the growth of ISO containers in upcoming years.
Overcapacity of containers and low freight rates are anticipated to resist the growth of ISO container market. Moreover, fluctuations in raw material prices are expected to hinder the growth of the global market for ISO containers in the foreseeable future. Trade conflicts between major countries has declined the growth of ISO container across the globe.
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Asia-Pacific hold the prominent share in the use of ISO container market and is expected to grow at the highest value CAGR throughout the period of assessment. Modernization of infrastructure and growth in the chemical, construction and infrastructure industry have led to the growth in trade, which in turn is anticipated to fuel the growth in the demand for ISO containers in the Asia-Pacific market.
China is the prominent manufacturer of various product that are exported across the globe which makes it the one of the largest user of ISO containers. Europe and North America following the Asia-Pacific is anticipated to hold significant market share in the global market on account of increased adaptation of standardization and government regulation in the regions.
Shale gas exploration led U.S. to be one of the major producer and exporter of chemicals, consumer goods and other materials which backed the growth of ISO containers in North America. Middle East and Africa and Latin America regions are expected to reflect high growth rate during the forecast period.
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Examples of some of the market participants operating in the global ISO Container market are:
The ISO Container market research report presents a comprehensive assessment of the ISO Container market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The ISO Container market research report provides analysis and information according to ISO Container market segments such as geographies, application and industry.
The ISO Container Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with ISO Container market attractiveness as per segments. The report also maps the qualitative impact of various market factors on ISO Container market segments and geographies.
