Indore Online Journal

Shipping Container Market

Shipping containers are containers designed for shipping, storage, and handling large-scale cargo and goods into large, unitized loads that can be tightly packed in a ship or yard. In this way, goods are effectively transported and transported without the need for unloading and reloading at intermediate points. These containers facilitate the transportation of goods by land and sea, including by ships, rails, and trucks, as well as by air. These containers range from corrugated boxes to cardboard boxes to large reusable aluminum or steel boxes for intermodal shipments. Most of these containers are designed in an integrated squared shape that enables easy cross-stacking but also improves load-bearing properties while rotational molding. Each container conforms to the specifications and regulations formulated by the International Organization for Standardization (ISO). 

Industry Growth:

The global shipping container market reached a value of US$ 9.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.3 Billion by 2027, exhibiting a CAGR of 8.12% during 2022-2027.  The market is primarily driven by the escalating demand for cargo transportation through ships due to the considerable rise in international trading activities. This can be attributed to the considerable growth in the e-commerce industry. In addition to this, the rising stringency on marine safety rules and regulations are providing lucrative growth opportunities to the key market players. Moreover, continual technological advancements such as the rising usage of remote container management (RCM) solutions are also propelling the market.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Shipping Container Market Trends:

Another significant factor providing an impetus to the market growth is the growing trend of automation in marine transportation systems. Besides this, numerous product innovations such as the introduction of artificial intelligence (AI) and internet of things (IoT)-connected devices for the collection of transportation data is further fueling the market. Some of the other factors contributing to the market include the rise in sales of specialty defense shipping containers, improving operational efficiency in the maritime industry, the advent of Industry 4.0, and extensive research and development (R&D) activities conducted by the key players.

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Global Shipping Container Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• A.P. Moller – Maersk
• CARU Containers B.V
• China Eastern Containers
• COSCO SHIPPING Lines Co. Ltd. (China COSCO Shipping Corporation Limited)
• CXIC Group Containers Company Limited
• OEG Offshore Limited
• Ritveyraaj Cargo Shipping Containers
• SEA BOX Inc.
• Singamas Container Holdings Limited
• TLS Offshore Containers International
• W&K Containers Inc.
• YMC Container Solutions

Breakup by Product:

• Dry Storage Containers
• Flat Rack Containers
• Refrigerated Containers
• Special Purpose Containers
• Others

Breakup by Container Size:

• Small Containers (20 feet)
• Large Containers (40 feet)
• High Cube Containers
• Others

Breakup by Application:

• Food and Beverages
• Consumer Goods
• Healthcare
• Industrial Products
• Vehicle Transport
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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