Global Shipping Containers Market Worth $12,083 Million by 2023 With a CAGR 4.5% | Allied Market Research

Shipping Containers Market
Press Release

Surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market. However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth. On the other hand, the implementation of development programs and different supportive initiatives present new opportunities for growth.

The global shipping containers market garnered $9.29 billion in 2017 and is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.

Based on type of container, the dry storage container segment held the largest share in terms of revenue in 2017, contributing more than one-fourth of the total market share. This segment is expected to maintain its dominance throughout the forecast period. In addition, this segment is expected to grow at the highest CAGR of 5.4% throughout the forecast period. It is a lucrative segment. The research also analyzes flat rack container, refrigerated container, special purpose container, and others.

Based on size of container, the small containers (20 feet) segment accounted for more than one-third of the total share in 2017 and is expected to continue to dominate position during the forecast period. On the other hand, the high cube containers (40 feet) segment is estimated to attribute to the highest CAGR of 4.9% from 2017 to 2023. The research also analyzes large containers (40 feet).

Asia-Pacific is a lucrative region. It contributed to more than one-third of the total market share in 2017 and is estimated to maintain its highest market share throughout the forecast period. This region is also expected to register the highest CAGR of 5.7% from 2017 to 2023. The report also analyzes Europe, North America, and LAMEA.

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Key market players active in the market include China International Marine Containers (Group) Ltd., CXIC GROUP, TLS Offshore Containers International, Singamas Container Holdings Limited, A.P. MOLLER – MAERSK GROUP, W&K Containers, Inc., Dong Fang International Asset Management Ltd., China Shipping Container Lines Co. Ltd., YMC Container Solutions, and Jindo Co. Ltd.

Key Benefits

  • The study provides an in-depth analysis of the global shipping container market, with current trends and future estimations to elucidate the imminent investment pockets.
  • It offers a quantitative analysis from 2015 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • It also provides historical figures for 2015 and 2023 and Y-o-Y forecasts from 2017 to 2023, considering 2015 as base.

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Shipping Containers Market Key Segments:

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

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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This post was originally published on Trading Herald

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