Containers are designed to be lifted vertically from above by cranes and transferred from ship to shore and between other forms of transport such as trains and lorries, to carry cargo.
The global shipping containers market was valued at $8,705 million in 2015, and is expected to reach $12,083 million by 2023, growing at a CAGR of 4.5% from 2017 to 2023. Containers are designed to be lifted vertically from above by cranes and transferred from ship to shore and between other forms of transport such as trains and lorries, to carry cargo.
Therefore they need to have strength in the top corners where they are engaged by the twist locks of a container lifting crane. The corner castings in the top corners of the container are therefore points of strength.
Shipping containers are driven by improvement in transportation services, growth of seaborne trade, increase in number of manufacturing facilities, availability of low cost labor in China, and increase in demand for efficient transportation modules across the globe. Variation in prices of steel, and slow economic growth in countries such as China and certain European countries impede the market growth.
Implementation of development programs by government organizations are anticipated to provide lucrative opportunities for the stakeholders of this market such as system integrators, container manufacturers, and component providers.
The market segmentation is based on size of container, product type, and geography. The size of container segment is further classified into small containers (20 feet), large containers (40 feet), and high cube containers (40 feet).
The product type segment is bifurcated into dry storage container, flat rack container, refrigerated container, special purpose container, and others. Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, The Netherlands, and rest of Europe), Asia-Pacific (China, Japan, South Korea, Malaysia, Singapore, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the global shipping containers market include China International Marine Containers (Group) Ltd., TLS Offshore Containers International, CXIC GROUP, A.P. MOLLER – MAERSK GROUP, Singamas Container Holdings Limited, Dong Fang International Asset Management Ltd., W&K Containers, Inc., YMC Container Solutions, China Shipping Container Lines Co. Ltd., and Jindo Co. Ltd
KEY MARKET BENEFITS
- The report includes an extensive analysis of the factors that drive as well as restrain the growth of the global shipping containers market.
- The market projections from 2015 to 2023 are included along with the impacting factors.
- The report also offers quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market.
- Competitive intelligence highlights the business practices followed by leading market players across various geographies.
MARKET SEGMENTATION
BY SIZE OF CONTAINER
- Small Container (20 feet)
- Large Container (40 feet)
- High Cube Container (40 feet)
BY PRODUCT TYPE
- Dry Storage Container
- Flat Rack Container
- Refrigerated Container
- Special Purpose Container
- Others
BY GEOGRAPHY
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- The Netherlands
- Rest of Europe
- Asia-Pacific
- China
- South Korea
- Japan
- Singapore
- Malaysia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
MARKET PLAYERS IN VALUE CHAIN
- China International Marine Containers (Group) Ltd.
- TLS Offshore Containers International
- CXIC GROUP
- A.P. MOLLER – MAERSK GROUP
- Singamas Container Holdings Limited
- Dong Fang International Asset Management Ltd.
- W&K Containers, Inc.
- YMC Container Solutions
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Source: WhaTech
