PUBLISHER: IMARC | PRODUCT CODE: 1390774
PUBLISHER: IMARC | PRODUCT CODE: 1390774
The global shipping container market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.06% during 2022-2028.
Shipping containers are considered suitable for withstanding shipment, storage, and handling. They are used in the transportation and carriage of goods without the requirement of unloading and reloading at intermediate points. Their size and built complies with the specifications and regulations of the International Organization for Standardization (ISO). As they are affordable, offer convenience and facilitate transportation of goods through both land and sea, renting of shipping containers is gaining immense traction among businesses of different sectors across the globe.
An increase in the demand for cargo transportation through ships, along with the rising in trade-related agreements, represents one of the key factors fueling the growth of the market. Additionally, the growing trend of automation in marine transportation and the escalating marine safety norms are offering lucrative growth opportunities to market players manufacturing shipping containers. However, the coronavirus disease (COVID-19) outbreak severely impacted the market on account of the implementation of complete lockdown in numerous countries and a temporary halt in the manufacturing units of different businesses. The market nonetheless is now experiencing growth again due to the upliftment of lockdown restrictions and a considerable rise in the need for transporting the COVID-19 vaccine to different parts of the world. This, in confluence with increasing investments in drug development and production of different healthcare products, is strengthening the growth of the market. Furthermore, the growing adoption of IoT-connected devices by major shipping companies is assisting in the collection of a large amount of data during the entire transportation process. These insights are utilized in reducing downtime and streamlining different procedures, thereby improving operational efficiency in the maritime industry.
IMARC Group provides an analysis of the key trends in each sub-segment of the global shipping container market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, container size and application.
Dry Storage Containers
Flat Rack Containers
Refrigerated Containers
Special Purpose Containers
Others
Small Containers (20 feet)
Large Containers (40 feet)
High Cube Containers
Others
Food and Beverages
Consumer Goods
Healthcare
Industrial Products
Vehicle Transport
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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. and YMC Container Solutions (Thurston Group Limited).