Shipping containers are those containers that are used in the transport and carriage of goods without the need for unloading and reloading at intermediate points. These containers facilitate transport of goods via both, land and sea borne modes of transport, which may involve use of ships, rails and/or trucks. Thus, intermodal transport of goods has become more efficient. Moreover, renting of shipping containers has become popular trend across businesses across different sectors due to its affordability, convenience, simplicity, to store large amount of stuff.
According to Persistence Market Research, the global shipping containers market is anticipated to witness significant market valuation and a robust growth rate during the period of assessment 2017-2025. The global shipping containers market has witnessed positive growth trend since 2012. In 2016, the global market for shipping containers was valued at US$ 4600 Mn in 2016 and is estimated to a value higher than US$ 11 Bn by the end of 2025. The global market for shipping containers is poised to grow at a robust rate to register a value CAGR of 8.3% throughout the period of forecast. The growth of the shipping containers at a global level is pushed by the growth in economy, rising seaborne trade, increasing demand for highly efficient and superior capacity shipping containers, growth in sales of specialized shipping containers by department of defence and rising trend of increasing use of remote container management (RCM) solutions.
Dry containers to be largely used in shipping in the coming years
Dry containers have been witnessing increasing demand for shipping and logistics across the globe. During 2012-2016 timeline, dry containers reflected maximum market share in the global shipping containers market. This trend is being witnessed till date and is expected to continue throughout the forecast period. The dry containers segment is projected to grow at a high value CAGR of 8.4% throughout the period of assessment and is estimated to reach a value of over US$ 7 Bn by the end of the year of assessment.
20 ft. sub segment to be highly used as a dry container in carriage and transport of goods
The dry containers segment is further categorized on the basis of 20 ft., 40 ft., 40’ high cube and others. The 20 ft. sub segment of these sub segments is anticipated to grow at a high rate to register a value CAGR of 8.6% during the period of assessment to reach a value of over US$ 1900 Mn by the end of the year of assessment (2025). On the other hand, the 40’ high cube sub segment is the largest with respect to market share. This sub category is estimated to reach a value of over US$ 3.4 Bn by the end of the year of assessment from a valuation of about US$ 1.8 Bn in 2017 and is projected to grow at a value CAGR of 8.4% during the 2017-2025 timeline.
Reefers to significantly contribute to the growth of the global shipping containers market
Reefer containers are widely used while shipping. These containers come in different sizes, same as dry containers, namely, 20 ft., 40 ft., and 40 ft. high cube. Reefer containers are projected to be the fastest growing segment in the product type category during the forecast period. This segment is expected to slate a high value CAGR of 10.2% throughout the period of assessment. 40 ft. high cube and 20 ft. sub segments are expected to push the growth of the reefer containers market.
Persistence Market Research uses a unique research methodology which is a strong blend of secondary and in-depth primary research. Extensive primary interviews with key market players, stakeholders, market observers and experts are carried out to collect necessary data and information pertaining to various segments and across key regions. The data crunching and statistical analysis so performed undergoes multiple layers of validation to garner appropriate market insights which could benefit business by impacting critical decisions. The exhaustive research methodology has been applied to thoroughly understand and study the market for shipping containers and the findings and insights have been skilfully crafted following a systematic structure in the new report on global shipping containers market.
Research report on global shipping containers market offers support in every respect
The market research report on global shipping containers is a comprehensive market research study which focuses on the global scenario and provides actionable acumen on various factors which influence the market which is possible with the help of strong data and statistical analyses. It delivers an unbiased view of the market by including analysis on various market segments across the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). The global research report on shipping containers market has an in-depth weightage on statistics, figures, numbers and graphs which is based on a clear market definition. This will enable the reader to take informed decisions with the help of well-furnished insights. The upcoming trends and developments, new innovations in products and varying product portfolios, new acquisitions, end user analysis and much more actionable acumen give a 3600 view to the market ultimately providing the reader with necessary tools to devise strategies in order to establish firm grip in a particular region or in a particular segment in the global shipping containers market.
A detailed competitive analysis covered in the research report
The global shipping containers market research study covers competitive landscape that includes market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT analysis, pricing analysis, etc., of the various key players in the global shipping containers market. Such an intelligence framework can be used to gain competitive advantage in the long run, especially helpful for new entrants in the shipping containers market.
Report Delivers Value – Below Facts Support the Statement