Shipping Containers Market is estimated to be US$ 22.2 Billion by 2034; Rise in Trading Activities across the Globe Foster the Industrial Growth

Published Date: April 2024

Shipping containers are large, strong containers usually made of metal that are used for storing goods during shipment. Shipping containers are of various types, such as refrigerated ISO containers, ISO tanks, dry storage containers, open-top containers, special purpose containers, half-height containers, flat rack containers, and others.

An increase in the production of various healthcare products, huge investment in drug development, and exports are expected to boost the target market growth. Further, extensive use of shipping containers for manufactured goods and industrial raw materials has had a positive impact on the shipping container market growth.

The report “Shipping Containers Market, By Size (Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet)), By Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container, and Others),and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In August 2022, Concor (Container Corporation of India Ltd.) placed the largest order for 10,000 containers on APPL Containers Pvt. Ltd. for Rs 477 crore, which was the first contract for the newly opened Bhavnagar-based manufacturer in Gujarat. It will help India make headway in the business of making cargo containers and reduce dependence on China.

Analyst View:

The key factor driving the growth of the Shipping Containers Treatment market is increasing trading activities and transportation of manufactured goods such as minerals, metals, oil and gases, automobiles, machinery, aircraft parts, electronic devices, toys, furniture, and others. Further, disposable income, steady growth in imports of consumer goods from developed regions, growing food industries, and the rising use of shipping containers for transportation of food items such as frozen foods, fruits, vegetable oil, snacks, and beverages are expected to favor the growth of the shipping container market over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish positions in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Shipping Containers Market, By Size (Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet)), By Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container, and Others),and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Shipping Containers Market accounted for US$ 13 Billion in 2024 and is estimated to be US$ 22.2 Billion by 2034 and is anticipated to register a CAGR of 6.10%. The Shipping Containers Market is segmented based on Size, Product Type, and Region.

  • Based on Size, Shipping Containers Market is segmented into Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet).
  • Based on Product Type, Shipping Containers Market is segmented into Dry Storage Container, Flat Rack Containers, Refrigerated Container, Special Purpose Container, and others.
  • By Region, the Shipping Containers Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Shipping Containers Market:

The prominent players operating in the Shipping Containers Market includes, 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., Jindo Co. Ltd., and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

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