PUBLISHER: The Business Research Company | PRODUCT CODE: 1784291
PUBLISHER: The Business Research Company | PRODUCT CODE: 1784291
Container tracking involves utilizing technology to oversee and manage the location, condition, and status of shipping containers throughout their journey from origin to destination. This process employs real-time global positioning systems, radio frequency identification (RFID), and Internet of Things (IoT) technologies to enhance visibility and efficiency within the supply chain.
The primary components of container tracking include hardware, software, and services. Hardware encompasses the physical devices used to monitor and record the location and condition of containers, such as RFID, global positioning systems (GPS), cellular, and satellite systems. Container tracking is applicable across various transportation modes, including maritime, land, and air. It serves end users in diverse sectors such as food and beverage, consumer goods, vehicle transport, healthcare, and industrial products.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a considerable impact on the transport services sector by increasing the costs of vehicles, spare parts, and fuel-critical inputs frequently imported from tariff-affected regions. Freight operators, logistics companies, and public transportation providers are experiencing margin pressures as elevated equipment and maintenance expenses coincide with limited flexibility to pass these costs on to customers due to intense market competition. This climate of uncertainty has also led to delays in fleet upgrades and the adoption of greener, more energy-efficient vehicles, hindering progress toward sustainability objectives. In response, transport firms are enhancing route optimization, investing in fuel-efficient technologies, renegotiating supplier agreements, and adopting collaborative logistics strategies to share resources and cushion the financial impact of rising tariffs.
The container tracking market research report is one of a series of new reports from The Business Research Company that provides container tracking market statistics, including the container tracking industry's global market size, regional shares, competitors with a container tracking market share, detailed container tracking market segments, market trends and opportunities, and any further data you may need to thrive in the container tracking industry. This container tracking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The container tracking market size has grown strongly in recent years. It will grow from $10.11 billion in 2024 to $10.85 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing consumer demand for transparency, increasing demand for efficient and reliable logistics solutions, increasing the number of goods, increasing seaborne trade, and increasing safety standards at sea.
The container tracking market size is expected to see strong growth in the next few years. It will grow to $14.63 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the growing emphasis on sustainability, growth of international trade and globalization, focus on improving fleet optimization and efficiency, rising trade volumes, and infrastructure development. Major trends in the forecast period include enhanced blockchain applications, advanced data analytics and visualization, autonomous vehicles and drones, integration with supply chain platforms, and environmental and sustainability focus.
The forecast of 7.8% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Trade restrictions on RFID chipsets and IoT modules used in container tracking devices may undermine real-time supply chain visibility and elevate logistics inefficiencies. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The rising incidents of cargo theft are expected to drive the growth of the container tracking market. Cargo theft is increasing due to heightened economic pressures leading to more criminal activity, and the sophistication of theft methods surpassing current security measures. Additionally, the surge in e-commerce has expanded the volume and value of goods transported, making cargo an appealing target for thieves. Container tracking addresses this issue by offering real-time location and status updates, enabling immediate response to unauthorized movements. It also improves overall security through detailed monitoring and historical data analysis. For instance, in May 2024, TAPA EMEA, a Netherlands-based not-for-profit industry association, reported a 35.46% rise in transport theft cases in the European Union in 2023 compared to 2022, with incidents increasing from 6,113 to 8,281. The financial losses from these crimes amounted to $594.16 million (EUR 549 million), marking a 438% increase from 2022 and a staggering 1,076% rise from 2021. Consequently, rising cargo theft is fueling the growth of the container tracking market.
Leading companies in the container tracking market are focusing on developing advanced solutions, such as dry container tracking, to enhance security, improve logistics efficiency, and provide real-time visibility. Dry container tracking involves monitoring and managing standard shipping containers used for cargo that does not need special conditions, such as refrigeration or controlled environments. For example, in April 2024, Hapag-Lloyd, a Germany-based maritime transport company, introduced a new live position product that provides comprehensive, on-demand door-to-door visibility through extensive use of Internet of Things (IoT) technology. This product features real-time visibility of shipments, a user-friendly interface for tracking by container or booking number, on-demand information updates, and future plans for API integration and ETA predictions.
In April 2024, Sinay, a France-based big data platform developer, acquired SafeCube for an undisclosed amount. This acquisition is intended to expand Sinay's container tracking capabilities and offer more comprehensive logistics solutions to its maritime industry customers. SafeCube, also based in France, specializes in an end-to-end shipment tracking platform involving container tracking.
Major companies operating in the container tracking market are A.P. Moller - Maersk A/S, CMA CGM Group, Cosco Shipping Lines Co Ltd., NetSuite Inc., Hapag-Lloyd AG, Mediterranean Shipping Company S.A., Orient Overseas Container Line Limited, DP World Logistics FZE, Yang Ming Marine Transport Corporation, Zim Integrated Shipping Services Ltd., Evergreen Marine Corporation, Wan Hai Lines Ltd., Kawasaki Kisen Kaisha Ltd, Hyundai Merchant Marine Co., Ltd., Zebra Technologies Corporation, Ocean Network Express Pte. Ltd., Project44 Inc., CargoWise, E2open Parent Holdings Inc., ORBCOMM Inc., Hanjin Logistics Corporation, Pacific International Lines (Pte) Ltd., GoComet, CargoSmart Ltd.
Asia-Pacific was the largest region in the container tracking market in 2024. The regions covered in the container tracking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the container tracking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The container tracking market includes revenues earned by entities by providing services such as real-time location tracking, condition monitoring, customizable alerts and notifications, security solutions, and consulting and support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The container tracking market also consists of sales of radio frequency identification (RFID) tags, environmental sensors, alert systems, batteries, and solar panels. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Container Tracking Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on container tracking market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for container tracking ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The container tracking market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.