Professionals 205 Users Online

Shipping Containers Market

Global Market Study on Shipping Containers: Offshore Containers to Witness Significant Adoption in the Coming Years

Global Shipping Containers Market by Product Type - Dry containers | Reefer Containers | Tank Containers | Offshore Containers

Global shipping containers Market Snapshot

Persistence Market Research estimates that global shipping container revenue will reach $8,287.7 million in 2022. The demand for shipping containers is expected to grow primarily due to increasing sea-borne trade activities across key countries and regions, with leading players holding a prominent share of the global shipping container market in 2022. The shipping container industry is projected to reach US$ 13,677 million by 2033, growing at a CAGR of 4.6 % from 2023 to 2033.

Shipping containers, also known as Conex boxes, are cargo containers with strength suitable to withstand shipment, storage, and handling. These containers facilitate the transport of goods via land- and sea-borne modes of transport, involving ships, rails, and/or trucks. They are typically used to transport heavy materials or palletized goods. The globally rising transportation sector, rising concern about the transport safety of goods, and rising investment in container handling infrastructure are the key factors fueling demand for the shipping container market across the globe.

Attributes Key Insights

Global Shipping Containers Market Size (2022A)

US$ 8,287.7 Mn

Global Shipping Containers Market Size (2023E)

US$ 8,748.0 Mn

Projected Shipping Containers Market Value (2033F)

US$ 13,677 Mn

Value CAGR (2023-2033)

4.6 %

Collective Value Share: Top 3 Countries (2022)

38%

Sample Report

FREE Report Sample is Available

In-depth report coverage is now just a few seconds away

Download PDF Get FREE Report Sample

Sales Analysis of Shipping Containers Market from 2017 to 2022 Vs Market Projections for 2023 to 2033

From 2017 to 2022, the market for shipping containers experienced significant demand from end users.

As per the International Chamber of Shipping, around 11 billion metric tonnes of goods are transported via shipping containers each year. With the growth of the world economy over the past decades, the shipping industry has been expanding over the years. This is due to an increase in global trade and commerce across the globe. Naturally, the global container fleet has grown in size as well.

Many countries Imposed lockdowns to prevent the outbreak of COVID, these restrictions changed global mobility patterns and economic activities across the globe.

Contrary to expectations, demand for container shipping increased during the pandemic. Changes in consumption of goods and shopping patterns owing to the pandemic, such as an increase in electronic trade and lockdown measures, have resulted in increased import demand for manufactured consumer goods, a large portion of which is transported in shipping containers.

Container shipping is primarily used in maritime transport. The pandemic has made the maritime transport supply more unstable. Maritime trade flows increased further as some governments eased restrictions and approved national stimulus packages, and businesses stocked up in preparation for new pandemic waves. Changes in business patterns and new consumer behaviors are estimated to boost the shipping container market.

The significant increase in seaborne trade, as well as the growing number of manufacturing and construction industries' overseas trade, are expected to drive up container demand. Many companies are investing in research and development to drive container innovation. The growing number of ISO and non-ISO container manufacturing facilities is also expected to drive the shipping container market in the future.

Custom Report Cover

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

> Get a Customized Version

What are the Key Opportunities for Shipping Containers Market ?

Owing to supply chain disruptions and shipping container shortages, the ocean container industry has faced significant challenges in recent years. As global economies recover from the pandemic, shipping services continue to adapt to a highly volatile market.

The growth of shipping containers at a global level is pushed by the growth of the economy, rising seaborne trade, increasing demand for highly efficient and superior capacity shipping containers, and the rising trend of increasing use of remote container management (RCM) solutions.

Ships and containers have been modernised with new technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data. This will allow for better tracking, allow captains and customers to detect potential problems before they become emergencies, and improve environmental control. The result of this technology is remote container management (RCM), which allows to monitor the current location of containers, the temperature and humidity inside the container, and the power connection status at any time, anywhere in the world, throughout the transportation process. This RCM is useful in the transportation of goods in the food service and healthcare industries, where the environment is critical. This technologically advanced container is estimated to generate significant demand over time.

Owing to the fact that many products sold online, are manufactured overseas, the massive growth of e-commerce has increased container shipping activities around the world. E-commerce allows for ease of availability of a diverse range of products across the globe, which increases the demand for more precise and prompt container shipping.

Container shipping will continue to be a growing part of future transportation because it is one of the preferred options for the transportation of goods in large quantities.

Market Research Methodology

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

Country-wise Insights

Where Does China Stand in the market for a shipping containers?

China is estimated to grow at a value CAGR of 5.7 % and is expected to hold a prominent share in the global shipping container market during the forecast period of 2023–33.

China is a leading exporter of consumer goods around the world, and the drop in its exports in 2020 due to COVID-19 had a significant impact on demand for shipping containers. Rapid vaccination in 2021 is expected to result in a rebound in consumer goods demand, benefiting the market for a shorter period of time.

China produces more than 85% of the world's ISO containers. In order to meet the demand of the international shipping industry, all ISO and non-ISO containers manufactured in China are exported to other countries. The international market share of China's containers is getting larger, and there have been various products released since 1993. Not only are low labor costs an important factor in becoming the top container manufacturer, but so is being the largest producer and recycler of steel raw material.

Why is the U.S. a Lucrative Market for a shipping containers?

U.S. is estimated to grow at a value CAGR of 5.3 % and is expected to hold a prominent share in the global shipping container market during the forecast period of 2023–33.

The U.S. has one of the largest pharmaceutical markets worldwide and is one of the top 3 importers and exporters of medical products. The United States is witnessing large investments in drug development and the production of various healthcare products, and their exports are expected to provide opportunities for shipping container vendors in the United States.

Shipping containers are also used to transport consumer goods such as electronic devices, furniture, toys, and other items. The shipping container is expected to grow in the coming years due to steady growth in consumer goods imports into the United States. Throughout the projected period, the U.S. is expected to continue to be one of the most lucrative markets.

Sales Team

Sales Team
Client Partner

Let's Connect

Connect me to identify winning opportunities

Ask An Expert
I'm Available

Category-wise Insights

Which container Type is expected to create lucrative opportunities for demand for shipping containers?

Dry Storage Containers Are Expected to Account for a Significant Revenue Share in the Shipping Containers Market. Dry containers are used for the transportation of dry products, which have a high share among all types of products. Also, dry containers are available in sizes such as 20 feet, 40 feet, and 10 feet.

Intermodal transportation is becoming more popular, which drives demand for dry containers because it is low-cost, environmentally friendly, and highly efficient. The rise in the manufacturing and construction industries' oversea trade is driving up demand for dry containers. Furthermore, significant growth in the leasing and renting of transportation containers is expected to create lucrative opportunities for the dry container market.

Dry containers have held the largest market share in the global shipping container market in recent years. This pattern has been observed thus far and is expected to continue throughout the forecast period.

Competitive Landscape

The market has become extremely competitive over the last two decades, with the largest shipping companies dominating the market. The shipping container market is consolidated. The top 3 companies hold more than 70% of the market share through strategic planning, mergers, and collaboration.

The leading shipping container vendors include China International Marine Containers (Group) Ltd. (CIMC), Dong Fang International Container (Hong Kong) Co. Ltd., Maersk Container Industry AS, Singamas Container Holdings Limited, CXIC Group Containers Company Limited, Sea Box, Inc., and W&K Container.

For instance, CIMC has 11 factories and a yearly capacity of 2 million containers. It’s the first company to reach 2 million TEUs internationally.

Shipping container Market Report Scope

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • Units for Volume
  • USD Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC
  • Turkey
  • South Africa
  • Northern Africa

Key Market Segments Covered

  • By Product Type
  • By Region

Key Companies Profiled

  • China International Marine Containers Co., Ltd.
  • Singamas Container Holdings Limited
  • CXIC Group Containers Company Limited
  • Maersk Container Industry
  • Sea Box, Inc.
  • W&K Container
  • YMC Container Solutions
  • TLS Offshore Containers International
  • OEG OFFSHORE LIMITED
  • CARU Containers B.V.
  • IWES LTD.
  • Others.

Report Coverage

  • Market Forecast
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered in Shipping container Industry Analysis

Shipping container Market by product Type

  • Dry Containers
    • 20’ (20 ft.)
    • 40’ (40 ft.)
    • 40’ High Cube
    • Others
  • Reefer Containers
    • 20’ (20 ft.)
    • 40’ (40 ft.)
    • 40’ High Cube
    • Others
  • Tank Containers
  • Offshore Containers

Shipping Containers Market by Material

  • Steel
  • Aluminum
  • FRP
  • Hybrid

Shipping Containers Market by End User

  • Bulk Commodity
  • Automotive
  • Capital Equipment
  • Pharmaceuticals
  • Chemicals
  • Perishable and Frozen Items
  • Others

Shipping Containers Market by Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

- Companies Covered in This Report -

  • China International Marine Containers Co., Ltd.
  • Singamas Container Holdings Limited
  • CXIC Group Containers Company Limited
  • Maersk Container Industry
  • Sea Box, Inc.
  • W&K Container
  • YMC Container Solutions
  • TLS Offshore Containers International
  • OEG OFFSHORE LIMITED
  • CARU Containers B.V.
  • IWES LTD.
  • Others

- Frequently Asked Questions -

The worldwide Shipping Containers Market is currently valued at US$ 8287.7 Mn (2022).

Sales of Shipping Containers services are slated to surge at a CAGR of around 4.6 % from 2023 to 2033.

China, Japan, U.S., Europe & India are lucrative markets for the Shipping Containers Market.

China International Marine Containers (Group) Ltd (CIMC), Dong Fang International Container (Hong Kong) Co. Ltd, Maersk Container Industry AS., Singamas Container Holdings Limited, CXIC Group Containers Company Limited.

The market for Shipping Containers in the US is projected to expand at a 5.3 % CAGR through 2033.

This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy
Google translate