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Shipping container market determined to grow faster during 2017 - 2022 scrutinized in new research

Automotive and Transportation Market Research

Shipping Container Market By Type (Dry Containers, Tank Containers, Refrigerated Containers).

Global Shipping Container Market was valued at USD 7.6 Billion in the year 2017. Global Shipping Container market is further estimated to grow at a CAGR of 7.23% from 2018 to reach USD 12.5 Billion by the year 2023.

Asia-Pacific region holds the highest market share in 2016 and it is considered as the fastest growing market in the forecasted period. At a country level, developed markets like China with highest population base holds the notable market share in 2016 and it is projected to grow at a gradual rate in the coming years.

China International Marine Containers (Group) Ltd ., China Shipping Container Lines Co., Ltd., A.P. Moller - Maersk Group are some of the key players in the Shipping Container market with A.P.

Moller - Maersk Group holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:

             Increasing trade through sea

             Increasing number of global manufacturing facilities

Restraints:

             The slow economic growth of developing countries

Opportunities:

             A new bunkering approach can yield savings

Challenges:

             The supply/demand imbalance

Between Dry Containers, Tank Containers, Refrigerated Containers, Dry Containers segment because of the growing popularity and availability is expected to hold the highest market share during the forecast period.

On the other hand Tank Containers for this market is expected to grow at the highest CAGR of XXX during the year 2017-2022.

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Key Benefits for Stakeholders

Shipping Container Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Type

Dry Containers

Tank Containers

Refrigerated Containers

Others

By Size of Container

Small Containers

Large Containers

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

Sigma’s Container Holdings Limited (Hong Kong)

A.P. Moller - Maersk Group (Denmark)

China International Marine Containers (Group) Ltd. (China)

Dong Fang International Asset Management Ltd. (Hong Kong)

Jindo Co., Ltd. (South Korea)

W&K Containers, Inc. (US)

China Shipping Container Lines Co., Ltd. (China)

(A brief overview of another 13 companies is also provided) 

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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