PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421622
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421622
The global dry van container market size is expected to reach USD 9.21 billion by 2032, according to a new study by Polaris Market Research. The report "Dry Van Container Market Share, Size, Trends, Industry Analysis Report, By Material Type (Steel, Aluminum, and Others); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising production of goods across various industries such as automotive, electronics, and textiles among others, resulting in increased import and export activities of such goods that requires efficient containers along with the growing innovations in container design, tracking, and security technologies, are positive impacting the global market growth.
Beside this, the drastic rise of e-commerce with the exponential rise in number of digital buyers and emergence of various new online shopping platforms around the world has also led to increased demand for transportation and logistics services, and could lead to innovations of new dry van containers with more improved handling capacities to meet emerging demand for goods globally.
In February 2023, Ocean Network Express, a global leading name in container shipping industry, announced about their plans to develop a new smart container solution in a collaboration with Sony Network Communications Europe. The new smart container will enhance container visibility and proactive & quicker decision-making.
Moreover, there has been significant proliferation towards the integration of IoT technology into containers that has led to the rapid development of smart containers, as these containers are equipped with sensors and communication devices that makes them able for real-time monitoring of cargo conditions and container location, which in turn, enhances the overall cargo security and allows for better supply chain visibility and is gaining huge traction in the recent years.
Apart from this, with the surging use use of lightweight materials such as advanced alloys and composites in dry van containers because of their ability to offer several benefits in terms of increased cargo capacity and reduced fuel consumption, contributing to cost savings and environmental sustainability, which will have a positive impact on the global market at exponential rate.
Polaris Market Research has segmented the dry van container market report based on material type, application, end-use, and region: