Global Shipping Container Market Opportunities, Size, share, Growth, Trends, Future Scope By Type (Standard Dry Container, High Cube Dry Container, Refrigerated Container and High Cube Refrigerated Container), By Application (Food Transport, Consumer Goods Transport and Industrial Transport) by Region (North America, Europe, China, India, Japan, South Korea and Southeast Asia)- Global Forecast to 2023
Shipping Container Market Analysis
The global ISO container market has been advancing at a steady rate and is expected to exhibit a CAGR of 5.60% over the forecast period, projects Market Research Future (MRFR) in an exhaustive study. ISO shipping containers are made according to ISO specifications and the need to comply with ISO standards has triggered the growth of the global Shipping Container Market. The global Shipping Container Market has been posting incremental growth on account of growing adoption of shipping containers in the seaborne trade.
The global Shipping Container Market is predicted to have a favorable growth at a stellar 5.60% CAGR over the estimated years (2017-2023). Containers are basically of two types- non-standard shipping containers and standard containers also called ISO or intermodal containers. The ISO containers are utilized for transporting freight and can be used for transporting freight over one mode; rail and ship or truck and rail. No wonder it is also known as intermodal containers. These containers are available in various types.
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Leading players profiled in the Shipping Container Market include
- Shanghai Universal Logistics Equipment
- Maersk Container Industry A/S
- Charleston Marine Containers, Inc.
- CXIC Group
- Evergreen Marine Corporation
- Hoover Container Solutions Inc., and Sea Box Inc.
MRFR report provides an extensive segmental analysis of the Shipping Container Market on the basis of type and application.
Based on type, it is segmented into high cube refrigerated container, refrigerated container, high cube dry container and standard dry container. Of these, standard dry container will have the largest share in the market over the estimated years.
Based on application, the Shipping Container Market is segmented into industrial transport, consumer goods transport and food transport. Of these, food transport will dominate the market over the estimated years.
April 2019 - Bintulu Port Holdings Bhd is all set to expand the capacity of the Bintulu International Container Terminal for coping with the growing need as it has already made a double-digit growth especially in container throughput for the last three consecutive years.
By region, the Shipping Container Market covers growth opportunities and latest trends across North America, Rest of the World, Europe and Asia Pacific. The APAC region led by China will stay at the fore in the Shipping Container Market over the estimate years owing to rapid industrialization in China coupled with supportive policies especially for international trade. Europe is also a strong market. Numerous regulatory authorities are effectively working to strengthen the capacity of export across various industries that is propelling the Shipping Container Market in this region.
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Table Of Contents
1 Executive Summary
2.2 Scope Of The Study
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1.1 Growing Adoption Of Shipping Containers In Seaborne Trade
4.1.2 Growing Demand Of Commodities
4.1.3 3. Expanding Industrial Base For Shipping Containers In China
4.2.1 Fluctuation In Raw Material Prices
4.2.2 Slower Economic Growth
4.3.1 Expanding Market In China.
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