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Redding, California - November 11, 2024
Shipping Containers Market to be Worth $13.1 Billion by 2031
Shipping Containers Market by Type (Dry Storage, Refrigerated, Tank), Size (Small Container, Large Container), End-use Industry (Industrial Products, Retail & E-commerce, Automotive, Food & Beverages), Geography - Global Forecast to 2031
Meticulous Research®—a leading global market research company, published a research report titled ‘Shipping Containers Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the shipping containers market is projected to reach $13.1 billion by 2031, at a CAGR of 4.8% from 2024–2031.
Increase in demand for cargo transportation through ships and rise in trade agreements between nations are the key factors driving the growth of the shipping containers market. In addition, the increasing demand for refrigerated containers for perishable goods and growing E-commerce shipping operations provide considerable business opportunities for market players. Moreover, the expansion of manufacturing activities and industrial production is a prominent trend in the shipping containers market.
However, the market faces substantial challenges, including fluctuation in container price and material cost.
Key Players:
The shipping containers market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the shipping containers market are ALMAR Container Group (South Africa), Mærsk A/S (Denmark), Textainer Group Holdings Limited (Bermuda), CARU Group B.V. (Netherlands), China International Marine Containers (Group) Co., Ltd. (China), COSCO SHIPPING LINES CO., LTD. (China), Evergreen Marine Corp. Ltd. (Taiwan), Ritveyraaj Cargo Shipping Containers (India), SEA BOX, Inc. (U.S.), Singamas Container Holdings Limited. (Hong Kong), Triton International Limited (U.S.), W&K Containers, Inc. (U.S.), Florens Asset Management Company Limited (Hong Kong), LCL LOGISTIX INDIA PVT. LTD. (India), and Storstac Inc. (Canada).
The shipping containers market is segmented based on type, size, and end-use industry. The report also evaluates industry competitors and analyzes the shipping containers market at the regional and country levels.
Among the types studied in this report, in 2024, the dry storage containers segment is anticipated to dominate the shipping containers market. Availability in a variety of sizes, such as 20 feet, 40 feet, and 10 feet, robust construction and ability to withstand harsh environments, and low-cost compared to specialized containers like refrigerated (reefer) containers or tank containers are some of the key factors contributing to the segment’s dominant position in the shipping containers market.
Among the sizes studied in this report, in 2024, the large container (40 Feet) segment is anticipated to dominate the shipping containers market. The segment’s dominant position is mainly attributed to the rise in demand of large container for transporting vast quantities of goods worldwide such as consumer products and industrial equipment, and high demand of large containers in ships, train, and road transport due to standardized dimensions for handling and transfer goods.
Among the end-use industries studied in this report, in 2024, the industrial products segment is anticipated to dominate the shipping containers market. The high demand for transporting machinery, equipment, and raw materials; and proliferation of digital marketplaces and online shopping are some of the key factors contributing to the segment’s dominant position in the shipping containers market.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, Netherlands, Sweden, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia & New Zealand, Indonesia, Singapore, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, Israel, and Rest of Middle East & Africa).
Among the geographies studied in this report, in 2024, Asia-Pacific is anticipated to dominate the shipping containers market. The high exports of electronics, semiconductors, and other high-tech products in region; rise in development of ports and container handling facilities in Asia-Pacific; and rise of e-commerce across the Asia-Pacific region for consumer goods, electronics, and fashion products are some of the key factors contributing to the market’s dominant position in the shipping containers market.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6088
Key Questions Answered in the Report-
- What is the value of revenue generated by the sale type, size, and end-use industry?
- At what rate is the global demand for shipping containers projected to grow for the next five to seven years?
- What is the historical market size and growth rate for the shipping containers market?
- What are the major factors impacting the growth of this market at global and regional levels?
- What are the major opportunities for existing players and new entrants in the market?
- Which offering segments create major traction in this market?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the shipping containers market?
- Who are the major players in the shipping containers market? What are their specific product offerings in this market?
- What recent developments have taken place in the shipping containers market? What impact have these strategic developments created on the market?
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Email- sales@meticulousresearch.com
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